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Roger LeRoy Miller received his Ph.D. from the University of Chicago. He is currently Director of the Institute for University Studies in Arlington, Texas. Dr. Miller is a legal specialist and author of numerous books on law and the legal environment, including criminal procedure. In addition, Dr. Miller has authored books on the war on drugs, the economics of crime and criminal behavior, and on related topics.
Daniel K. Benjamin graduated Phi Beta Kappa from the University of Virginia and completed his Ph.D. in economics at the University of California at Los Angeles where he was a National Science Foundation Fellow. Benjamin has taught at Montana State University, the University of Washington and the University of California at Santa Barbara. Currently, he is Alumni Distinguished Professor of Economics at Clemson University. He was a national fellow at the Hoover Institution at Stanford University and a visiting distinguished scholar at the University of Liverpool, England. He also served on the executive committee of the Western Economic Association. During the Reagan administration, he spent several years in Washington, D.C. where he was deputy assistant secretary for policy and then chief of staff at the Department of Labor. Earlier, he had served as a staff economist with the President's Council of Economic Advisers.
Douglass C. North is the Spencer T. Olin Professor in Arts and Sciences, Ph.D. University of California Berkeley Research Interests: New Institutional Economics, Economic History and Economic Development He is also professor of history and a fellow of the Center in Political Economy. He was on the faculty of the University of Washington and held visiting chairs at Cambridge and Rice Universities. In 1993 he was awarded the Nobel Memorial Prize in Economics. He is a fellow of the American Academy of Arts and Sciences and has served as president of the Economic History Association and the Western Economic Association. His major interest is the evolution of economic and political institutions. The effects of institutions on the development of economies through time is a major emphasis in his work in both economic history and development.
Preface | p. xi |
The Foundations of Economic Analysis | p. 1 |
Death by Bureaucrat: (when bureaucratic choices mean life for some people-and death for others) | p. 5 |
Ethanol Madness: (how one government policy illustrates the nature of all government policy) | p. 11 |
Flying the Friendly Skies?: (now safe is commercial air travel, and how safe should it be?) | p. 15 |
The Mystery of Wealth: (why some nations are rich and others are poor) | p. 21 |
Supply and Demand | p. 27 |
Sex, Booze, and Drug's: (the unintended-and often harmful-consequences of prohibiting voluntary exchange) | p. 30 |
Expanding Waistlines: (why Americans are getting heavier) | p. 38 |
Is Water Different?: (are "necessities" like water really like other goods?) | p. 43 |
Slave Redemption in Sudan: (how well-intentioned efforts to promote freedom can backfire) | p. 50 |
Smoking and Smuggling: (why taxes fuel interstate and international trade in bootleg cigarettes) | p. 55 |
Bankrupt Landlords, from Sea to Shining Sea: (when governments lower rents, tenants can suffer) | p. 60 |
Labor Markets | p. 67 |
(Why) Are Women Paid Less?: (why are women paid less while men are working less?) | p. 70 |
The Effects of the Minimum Wage: (how a "living wage" can ruin the lives of minority youngsters) | p. 75 |
Immigration, Superstars, and Poverty in America: (are the rich getting richer and the poor getting poorer-and if not, why does it look that way?) | p. 80 |
A Farewell to Jobs: (why efforts to "save jobs" make us all poorer | p. 87 |
Market Structures | p. 93 |
Monopsony and Competition in Health Care: (insurance makes health care expensive, but it also makes it good) | p. 97 |
Big Oil, Big Oil Prices?: (does Exxon Mobil really decide how much we pay at the pump?) | p. 103 |
Contracts, Combinations, and Conspiracies: (why the NCAA and OPEC have more than four-letter names in common) | p. 108 |
Coffee, Tea, or Tuition-Free?: (who wins and who loses from price discrimination) | p. 113 |
College Costs (...and Costs and Costs): (college costs have tripled, but the quality of the product hasn't; what's going on?) | p. 119 |
Keeping the Competition Out: (when the government steps in, the competition steps out) | p. 124 |
Political Economy | p. 129 |
Raising Less Corn and More Hell: (now your tax dollars end up in farmers' pockets) | p. 132 |
Killer Cars and the Rise of the SUV: (why fuel economy kills) | p. 139 |
Crime and Punishment: (incentives matter-especially to criminals) | p. 144 |
The Graying of America: (America is getting older, and you will foot me bill) | p. 149 |
Heavenly Highway: (how a simple market mechanism can eliminate traffic jams) | p. 155 |
Property Rights and the Environment | p. 161 |
The Trashman Cometh: (the costs and benefits of recycling) | p. 164 |
Bye-Bye, Bison: (why some species are endangered and others aren't) | p. 171 |
Smog Merchants: (how markets can reduce pollution) | p. 178 |
Greenhouse Economics: (the economics of global climate change) | p. 183 |
International Trade and Economic Prosperity | p. 189 |
Free Trade, Less Trade, or No Trade?: (if free trade is beneficial, why do people complain about it?) | p. 191 |
The $750,000 Steelworker: (the economic consequences of restricting international trade) | p. 197 |
The Lion, the Dragon, and the Future: (do China, India, and other modernizing nations spell the demise of America?) | p. 202 |
Glossary | p. 208 |
Selected References | p. 214 |
Index | p. 223 |
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