The recent story in the New York Magazine, “Has the ‘Libertarian Moment’ Arrived?” by Robert Draper, has given rise to a great deal of speculation about whether we are poised for another great political transformation. Needless to say, the prospect of this “moment” fills the New York Times set with dread. The Times’ all-purpose scold […]

Few professors go to economics from anthropology, as did I. An anthropology background affects how one sees the world. It places far more emphasis on culture. Most decisions are based on information and incentives. Culture creates powerful incentives, ones often far more powerful than money. As Nobel Prize winning economist Doug North explained, culture constrains […]