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After more than a decade of reasonably stable electric rates, a volcano is about to erupt. A fall 2007 report by the investment bank Stifel Nicolaus predicts a cumulative cost through 2020 of ap...
A fundamental distinction in public policy analysis is the distinction between policy formation and policy implementation, or the distinction between policy causes and policy effects. That distin...
Nexus problems continue to impede the successful application of academic theory to the real world dynamics of professional practice. Emergent conflicts, tensions, and dissensions are identified in Wil...
The development of theory to guide the study of civil-military relations has focused heavily on the issue of civilian control. In some contexts, this may not be the most important aspect of civil-mili...
A thin but important line needs to be drawn between a theory creating political reality and one describing political reality. This distinction is at the core of what continues to divide political theo...
Openness may be the key factor underlying the resolution of ethical dilemmas in policy evaluation. The situation is like the blue sky laws that regulate the securities markets. A stockbroker can leg...
Recent illicit activity among professionals, politicians, and specifically among members of the business community has made scholars skeptical of the viability of traditional consequential and deontol...
This article explores the relationship between perceptions of leadership and the level of trust between employees and supervisors. More specifically, this article seeks to begin a theoretical discussi...
The four basic sources can be subclassified in various ways. For example, authority can be meaningfully discussed in terms of expert authority and general public opinion. Authority could also be...
The economist is indeed in a difficult position. Veryoften he enters his profession motivated by a desire to in some way effect social reform, yet an intellectually honest and strict adherence to a ...
The state is the great fiction through which everyone believes that he can live at the expense of everyone else. Frederic Bastiat The United States has become to a considerable extent a redistribut...
The importance of monetary stability derives from the significant independent influence of monetary change on the subsequent course of economic activity. If money did not matter at all or were of on...
Introduction Despite the fact that in the United States prices are now being regulated in competitive as well as noncompetitive industries, there is an increasing consensus that price regulation is...
Observers of monetary affairs—central bankers, congressmen, economists and others—commonly believe that unanticipated increases (decreases) in money growth produce short-term increases (decreases) ...
If general acceptance by the economics profession were the criterion for success or failure of a theory, the theory of the trade cycle attributed to F. A. Hayek would have to be declared a failure.’...

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