Libertarian principles seem basic enough -- keep government out of boardrooms, bedrooms, and wallets, and let markets work the way they should. But what reasoning justifies those stances, and how can they be elucidated clearly and applied consistently? In Libertarianism, from A to Z, acclaimed Harvard economist Jeffrey Miron sets the record straight with a dictionary that takes the reader beyond the mere surface of libertarian thought to reveal the philosophy's underlying and compelling logic. Tackling subjects as diverse as prostitution and drugs, the financial crises and the government bailouts, the legality of abortion, and the War on Terror, Miron takes the reader on a tour of libertarian thought. He draws on consequentialist principles that balance the costs and benefits of any given government intervention, emphasizing personal liberty and free markets. Miron never flinches from following those principles to their logical and sometimes controversial ends. Along the way, readers get a charming and engaging lesson in how to think like a libertarian. Principled, surprising, and thought provoking, Libertarianism, from A to Z, has everything a bourgeoning libertarian -- or any responsible citizen -- needs to know.
Focuses on economic rather than purely statistical issues, looking at which of the alternative statistical models of seasonality are plausible for economic variables, and asking why seasonal fluctuations in economic variables require special treatment relative to other kinds of fluctuations.
A balanced and sophisticated analysis of the true costs, benefits, and consequences of enforcing drug prohibition is presented in this book. Miron argues that prohibition's effects on drug use have been modest and that prohibition has numerous side effects, most of them highly undesirable. In particular, prohibition is shown to directly increase violent crime, even in cases where it deters drug use. Miron's analysis leads to a disturbing finding—the more resources given to the fight against drugs, the greater the homicide rate. The costs and benefits of several alternatives to the war on drugs are examined. The conclusion is unequivocal and states that any of the most widely discussed alternatives is likely to be a substantial improvement over current policy.
Libertarian principles seem basic enough—keep government out of boardrooms, bedrooms, and wallets, and let markets work the way they should. But what reasoning justifies those stances, and how can they be elucidated clearly and applied consistently? In Libertarianism, from A to Z, acclaimed Harvard economist Jeffrey Miron sets the record straight with a dictionary that takes the reader beyond the mere surface of libertarian thought to reveal the philosophy's underlying and compelling logic. Tackling subjects as diverse as prostitution and drugs, the financial crises and the government bailouts, the legality of abortion, and the War on Terror, Miron takes the reader on a tour of libertarian thought. He draws on consequentialist principles that balance the costs and benefits of any given government intervention, emphasizing personal liberty and free markets. Miron never flinches from following those principles to their logical and sometimes controversial ends. Along the way, readers get a charming and engaging lesson in how to think like a libertarian. Principled, surprising, and thought provoking, Libertarianism, from A to Z, has everything a bourgeoning libertarian—or any responsible citizen—needs to know.
The inaugural issue of Cato Papers on Public Policy—a new annual volume of articles on significant economic and public policy issues—provides in-depth, imaginative new research on key economic and public policy matters. This research is specifically focused on filling a gap in the vast range of work that currently addresses the pros and cons of government policies. The Cato Papers on Public Policy evaluates economic and social policies using the techniques of modern economics and real-world experience. As a result, the articles are firmly focused on what policies are beneficial for the economy and society, and illuminate each subject's problems, challenges, impact, and solutions. The articles are written by leading national experts and are edited by Jeffrey A. Miron, a Senior Fellow at the Cato Institute and Director of Undergraduate Studies in the Department of Economics at Harvard University.
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