This week’s FREE Insight is a summary of the talk that I gave yesterday (11/5/13) at Harvard and will also present at NYU Law tomorrow (11/7/13). The full paper can be found by clicking here.   I find fiduciary trusts attractive arrangements for managing parks and wild lands, especially after October 1.  National parks […]

There is only one 21st Century medical technology that has been lauded as able to save huge amounts of health care dollars. It is not the latest MRI technique, the most specialized robotic surgery or the newest cardiovascular drug. Rather, we often read and hear praise about the less glamorous Electronic Medical Record (EMR), also […]

Here is my recommendation for understanding how the policy world works: read the “Weekend Edition” of the WSJ and skim The Economist.  Curious people will quite naturally latch on to interesting and policy relevant articles.     A few individuals have an intuitive appreciation of systems.  My suggestion will foster their understanding by providing logical […]

If there is a single issue that most divides economists from non-economists, it’s the way they view prices. Economists view prices as creators of incentives for buyers and sellers. When prices change behavior changes. As a result, prices are mechanisms for determining the allocation of resources. If they are not allowed to perform this role […]

Like other towns that demonstrate a strong sense of community Bozeman is a wonderful place. I wrote this as a Letter to the Editor of the Bozeman Chronicle to thank the unknown person who found the keys to my Jeep on the sidewalk somewhere and put them under the driver’s side windshield wiper.   As […]

The summer is officially over, and with it, 22 years of FREE seminars for federal judges and religious leaders. This year we successfully hosted a diverse representation from both groups during our two weeklong seminars (July 15-19 and August 19-23). Below is an historical sketch leading to this success.  It occurred neither by accident nor […]

What we can all learn from the late Ronald Coase about protecting wetlands and wildlife. The recent death of Ronald Coase has given rise to an outpouring of praise about his contributions to the field of economics and his influence on the complex world of institutional politics. In my interactions with Coase, he was always cautious and diffident about […]