Terry Anderson, D. Bruce Johnsen
Facing the "fiscal cliff," perhaps the president and Congress should start thinking in terms of the "foreclosure crisis." All lenders, whether a local home-loan bank or the Chinese government, expect to be repaid either from the borrower's income or, if that is insufficient, from the sale of assets...
Environmentalists, politicians, and scholars express concern about a "race to the bottom" in environmental policy. Yet economic theory indicates that a race to the bottom in environmental policy is highly unlikely, and there is little evidence that such races have, in fact, occurred.
D. Bruce Johnsen
British Columbia could resolve its conflicts over salmon by an auction that resembles the 'rivalry potlatches' of the past.
The authors explore the history of eminent domain in the United Statesâ€”a history characterized by periodic public backlash.