Journal of Private Enterprise

Articles from Vol. 19, No. 2, Spring

Food, Fiber and Fee Simple Ownership in the People's Republic of China
Shamu, or Chinese-Fir (Cunninghamia lanceolate), has the world's longest history of management for timber production (China Woody plant Flora Committee [CWPFC], 1981; Yu, 1983; Menzies, 1985, 1988a, 1988b). About 1200 years ago in southern Shejiang Province...
Interstate Trade Barriers and Potential Regulatory Competition: The Case of Virginia's Direct Wine Shipping Ban
The current controversy over interstate direct shipment of wine to consumers provides a timely context in which to investigate theories of regulatory competition. Commerce in wine, like other forms of alcohol, is heavily regulated at the state level....
Opportunities Forgone: The Unmeasurable Costs of Regulation*
Economic regulation is often justified, at least allegedly, because of market failure, but recognition that government also can fail suggests that regulation of market activity can generate net losses in social welfare rather than net benefits. Special-interest...
Real Government Reform
Politicians have an incentive to run large deficits since increasing spending is politically desirable for them while increasing taxes is not. Additionally, politicians have incentives to promote expenditures that benefit them but that are not in the...
The Case of the Simultaneous Teacher Shortages and Surpluses: A New Example for Teaching about Labor Markets
The labot market for teachersThis paper uses the principles of shortages and surpluses to show that the so-called "teacher shortage" is actually a market phenomenon easily understood by undergraduates armed with a grasp of some basic economic principles....
The Effects of the MBA Degree on Earnings in Russia: The CSU-Hayward Experience
Recent speculation and research on economic outcomes of the MBAThe worth of an MBA degree has been long and often debated among prospects, students, alumni, faculty and employers. MBA promotional literature proposes benefits including salary enhancement,...
Welfare: A Magnet for Migration or Not?
People hold contrasting opinions of immigrants. Some people are concerned that immigrants will come to America to take advantage of generous welfare benefits. Others more sympathetic to immigrants see them as energetic people who are likely to work hard,...