Legalize Drugs Now!: An Analysis of the Benefits of Legalized Drugs

The legalization of drugs would prevent our civil liberties from being threatened any further, it would reduce crime rates, reverse the potency effect, improve the quality of life in the inner cities, prevent the spread of disease, save the taxpayer money, and generally benefit both individuals and the community as a whole. Our arguments are based on a basic appreciation of the benefits provided by voluntary exchange and the role markets play in coordinating human activities. Legalizing drugs would eliminate many inconsistencies, guarantee freedoms, and increase the effectiveness of the government's anti-drug beliefs. The present war on drugs has not and will not produce a decisive victory. We advocate a new approach to this important social problem.     

Launching a High-Risk Business – An Interactive Simulation. Developed by High Performance Systems,Inc., based on the work of William A. Sahlman and Michael J. Roberts

Small Business Economics -     

Environmental policy and development

This study promotes the understanding of the link between development, environment and international economic relations. It suggests that the growth effects of environmental management may tend to serve as an equalizer, helping to redress the imbalance in real income levels between developed and developing economies.     

“第一次销售”谜局

在美国、欧盟等司法管辖范围内，如果进口商品在进口前已被多次销售，则进口商可以采用“第一次销售”海关完税价格方法（First sale rule）。利用这种方法，进口商可以用该商品在以前销售环节中的价格作为完税价格，从而形成低于进口价格的完税价格，以缴纳更低的关税。举例来说，某制造工厂出售一件产品给某家采购公司，该采购公司随即将这一产品转卖给美国的分销商，     

Opportunity sets and uncertain consequences

This paper provides an axiomatic approach to the problem of ranking opportunity sets with respect to the degree of uncertainty regarding possible consequences of the available actions. In many choice situations, the items that can be selected from a menu of possible choices (the objects of choice) do not coincide with the consequences they induce (the objects a decision-maker ultimately cares about). Thus, uncertainty regarding the consequences of the choices may be present. Two orderings that rank menus on the basis of the degree of uncertainty they represent are characterized.     

Compromising the Uncompromisable: Discrimination

ABSTRACT The market system contains fail-safe mechanisms to help those who are subjected to discrimination. A consistent libertarian political philosophy must come out for total repeal of the Civil Rights Act of 1964. The law either is unnecessary or irrelevant. Efforts to claim that special legal privileges for minorities are reparations for years of enslavement or the equivalent are unconvincing. These "solutions" punish innocent people for the evil doings of others. This essay concludes with some thoughts about the forced transfer of some property now owned by whites to some blacks. A problem of social justice exists but it is not the problem addressed by the Civil Rights Act of 1964.