Antitrust legislation seeks to break up big companies and industry monopolies in order to keep markets competitive, but sometimes favors narrow interest groups.
Smart contracts are a digital innovation that could fuel transactions without the need for State enforcement mechanisms.
Edward Coke was a prominent lawyer and author who promoted constitutionalism and rights-based justification of law and the powers of government.
Economists in the Austrian School approach their analysis by looking at human behavior, and how human action by itself creates and regulates markets.
Economists in the Chicago School use highly empirical arguments to reach their conclusions and advocate for deregulated markets.
Experimental economists study human incentive structures and behaviors as ways to explain the institutions and rules of economic activity.
Keynesian economists theorize that government spending can be used to manage the economy. It has been a widely accepted stance since the 1930s.
The physiocrats were French laissez-faire economists in the late 18th century who based their policies and writings on natural reason and science.
Gary S. Becker was awarded the Nobel Prize in Economics in 1992. His work has been influential in the modern sciences of sociology and economics.
Böhm-Bawerk and his signature work, Capital and Interest, contributed majorly to the Austrian School of economics and the concept of interest.
One of the leading economists of the last century, James M. Buchanan was one of the founders of the public choice theory of economics.
The work of Ronald H. Coase, most famously the concept known as Coase’s theorem, has provided insight to law, economics, and how they intersect.
Dunoyer played a major role in the French classical liberal movement. He wrote on law, society, and the benefits of free markets and limited government.
A founding influence of the Austrian School of economics, Carl Menger predominantly wrote on the subjects of prices, marginal utility, and money.
Ludwig von Mises was one of the most influential economists of the Austrian School, focusing among other issues the failures of central planning.
The Ostroms founded the Bloomington School of Institutional Analysis at the University of Indiana, dedicated to self-governance and evaluating state institutions.
David Ricardo was an influential economist whose contributed both important free-market theories and dismal predictions about the value of labor.
Wilhelm Röpke was a German economist who wrote in favor of a decentralized economy and held a strong anti-Keynesian and conservative position.