Journal of Private Enterprise

Articles from Vol. 27, No. 2, Spring

A Pedagogical Note on Bastiat's Restraint of Trade
AbstractFredric Bastiat was a great expositor of free trade. This note uses his essay on "Restraint of Trade" to distinguish between marginal and infra-marginal units of domestic production that are forthcoming when an embargo is imposed on an imported...
Economists in Congress: How Economic Education Motivates Votes on Free Trade in Congress
AbstractIn 2005 the U.S. Congress passed the Central American Free Trade Agreement (CAFTA), causing the immediate elimination of tariffs on goods traded between the member nations. In the mold of the literature studying the pattern of voting in Congress,...
Praise and Profits: Cultural and Institutional Determinants of Entrepreneurship
AbstractWe use data from the World Values Survey, the Global Entrepreneurship Monitor, and the Economic Freedom of the World Annual Report to empirically examine the impact that economic freedom and societal approval of entrepreneurs have on rates of...
Promoting Economic Freedom in Africa
AbstractAfrica is poor because it is not free. It is the most un-free continent in the world. Only 10 of the 54 African countries can be classified as economic success stories. Efforts to promote economic freedom in Africa have failed due to resistance...
Rent-Seeking and Decline in the French Wine Industry
AbstractThe judgment of Paris, in which California wines first surpassed the French in a blind tasting, shook the world in 1976. But it was not until 2003 that New World wines outpaced French exports. Demand-side factors affect French wine; however,...
The Future of Free Enterprise Leadership in Academe: A Survey
AbstractThis paper provides findings from a survey of participants in professional academic organizations supportive of free enterprise, entrepreneurship, and classical liberal ideals. We present data on the subset of respondents who do not currently...
The Often Neglected Role of Property Rights in the Advancement of Human Rights
AbstractPrivate property rights are often viewed as contradictory to the advancement of human rights by social critics. However, supporters of this position fail to understand the crucial role of property rights in establishing human rights. This paper...
The Private Provision of Public Goods: An Analysis of Homes on Golf Courses
AbstractThis paper examines the joint production of golf and real estate development. The empirical results of this analysis show that, over time, golf courses are being constructed less for recreational golf and more for contractual assurance of green...