Liberty Review

Liberty Review summaries are selected by Liberty Fund Fellows on the basis both of their own research interests and of their relevance for Liberty Fund’s mission: to contribute to the preservation and development of individual liberty through research and educational activities.

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Recent Posts

Here are the 10 latest posts from Liberty Review.

Liberty Review June 26, 2017

Judaism and Liberalism: Israel’s Economic Problem with its Haredim

DAVID CONWAY ECONOMIC AFFAIRS, Volume 37, Issue 2 Abstract: This article argues that, in the arrangements for the public provision of welfare for the poor and a basic education for all in both biblical and post-biblical times, Judaism is more closely in accord with classical liberalism than it is with those variants of liberalism which favour […]

Liberty Review June 22, 2017

Culture, Politics, and Economic Development

PAUL COLLIER ANNUAL REVIEW OF POLITICAL SCIENCE Abstract: For a generation, political science has been dominated by the analysis of interests within the framework of rational choice. Although this has enabled major advances, it struggles to provide a plausible analysis of many instances of sociopolitical dysfunction. This article reviews recent innovations in economics, psychology, and economic […]

Liberty Review June 20, 2017

Quality of government and regional competition: A spatial analysis of subnational regions in the European Union

ANTONIO BUBBICO, JOHAN A. ELKINK, MARTIN OKOLIKJ EUROPEAN JOURNAL OF POLITICAL RESEARCH Abstract: Building on previous work on competition networks and governmental performance among British local governments, this article investigates the diffusion of government quality across subnational regions of Europe through strategic interaction with neighbouring regions or competitor regions more generally. The article demonstrates the presence […]

Liberty Review June 17, 2017

The market process of capitalization: a laboratory experiment on the effectiveness of private information

EDUARD BRAUN, WIEBKE ROß JOURNAL OF EVOLUTIONARY ECONOMICS Abstract: The notion of present value is an integral part of economics. So far, however, its rationale rests upon the well-known neoclassical assumptions of complete information and perfect rationality. The present value derives as the result of a calculation that requires the knowledge of the discount rate and […]

Liberty Review June 14, 2017

Do liberal ties pacify? A study of the Cod Wars

SVERRIR STEINSSON COOPERATION AND CONFLICT Abstract: The Cod Wars, three militarized interstate disputes between the UK and Iceland (1958–1961, 1972–1973, 1975–1976), have often been presented as an egregious exception to the liberal peace. There are, however, few comprehensive analyses of the liberal dimensions of the Cod Wars. This paper comprehensively analyses the ways in which […]

Liberty Review June 2, 2017

A city of trades: Spanish and Italian immigrants in late-nineteenth-century Buenos Aires, Argentina

LETICIA ARROYO ABAD, BLANCA SÁNCHEZ-ALONSO CLIOMETRICA Abstract: The city of Buenos Aires in the 1890s is an extreme case in immigration history since the native workers accounted for less than one-third of the labour force. In this paper, we look at the labour market performance of Argentineans vis-à-vis the largest two immigrant groups, Italians and the […]

Liberty Review May 30, 2017

Adam Smith’s Philosophy of Science: Economics as Moral Imagination

MATTHIAS P. HÜHN JOURNAL OF BUSINESS ETHICS Abstract: The paper takes a fresh look at two essays that Adam Smith wrote at the very beginning of his career. In these essays, Smith explains his philosophy of science, which is social constructivist. A social constructivist reading of Smith strengthens the scholarly consensus that The Wealth of Nations […]

Liberty Review May 28, 2017

Economic Freedom in the Early 21st Century: Government Ideology Still Matters

KAI JÄGER KYKLOS, Volume 70, Issue 2 Abstract: Empirical studies show that government ideology has hardly influenced welfare expenditures since the 1990s, casting doubt on the general ability of national governments to design economic policies according to their programmatic appeals. This study takes a comprehensive view on policy-making by using a modified version of the Fraser […]

Liberty Review May 25, 2017

Human capital, knowledge and economic development: evidence from the British Industrial Revolution, 1750–1930

B. ZORINA KHAN CLIOMETRICA Abstract: Endogenous growth models raise fundamental questions about the nature of human creativity, and the sorts of resources, skills, and knowledge inputs that shift the frontier of technology and production possibilities. Many argue that the experience of early British industrialization supports the thesis that economic advances depend on specialized scientific training, the […]

Liberty Review May 22, 2017

The limits of liberalism: Good boundaries must be discovered

ADAM MARTIN THE REVIEW OF AUSTRIAN ECONOMICS Abstract: Determining good boundaries for governance jurisdictions is among the most difficult problems in political theory and political philosophy. But to whom the rules of a given jurisdiction applies is a problem that afflicts private as well as public governance. Clubs have boundaries no less than cities, states, or […]