The depth and length of the decline in housing construction in the last dozen years cannot merely be attributed to a snap‐​back to conditions prior to the housing investment bubble in the early 2000s or a dissipation of residential construction overhang.

In a civilized society, however, we don’t let policemen decide whom to punish, no matter how effective that might be.

In the wake of COVID-19, 18 states have waived restrictions on the cross‐​state practice of telemedicine.

The Trump administration believes PBMs are unnecessary and costly middlemen between pharmaceutical companies and consumers. This belief reflects a common fallacy and risks doing more harm than good to consumers and the public fisc.

Assuming that it is a proper role of the federal government to help firms survive during the pandemic, there is a better way to achieve that goal.

Less‐​than‐​rigorous benefit–cost analysis can occur in administrations distracted by other exigencies as well…

For some reason, benefit–cost analysis is still a controversial topic on Capitol Hill and in some regulatory circles.

Stigler (1911–1991) was a titan of the 20th century economics profession and especially of the vaunted Chicago School of the 1960s and ’70s.

No matter how much we want to believe markets are the best way to proceed, we do need to take real-world evidence into account.

To understand what is behind the increase in the death rate, the authors look at state data and note that death rates increased in all but six states.

Democracy is valuable only as an institutional constraint — that is, if it serves to build and maintain a limited state allowing a wide margin of individual liberty.

The placement of “ethical” in the book’s title makes sense because one of the themes that arises throughout the book is the consideration of the privacy, fairness, and other ethical issues that occur in the development and application of algorithms.

The volumes in Public Choice Analyses of American Economic History contain several contributions on the American founding specifically and the less-than-perfect compromises that made the U.S. Constitution possible.

Social institutions can encourage or discourage human ingenuity. The more economic freedom and private property rights, the more inventions and innovations.

Rajan takes on Milton Friedman’s view that the only purpose of a corporation should be to maximize profits.

Charter schools are not the “magic bullet” solution to the nation’s educational ills, but they deliver much better outcomes at a lower cost than traditional public schools

A summary of recent papers that may be of interest to Regulation’s readers.