Professor Emeritus of Economics at George Mason University and Nobel Laureate, James M. Buchanan will be presented with the Lifetime Achievement Award from the Fund for the Study of Spontaneous Orders at the Atlas Economic Research Foundation. Fellow Nobel Laureates, Amartya Sen and Elinor Ostrom, will participate in a panel discussion with Dr. Buchanan. Reception will immediately follow the panel and award ceremony. This event is co-hosted by the Fund for the Study of Spontaneous Orders at the Atlas Economic Research Foundation, Liberty Fund, George Mason University’s Economics Department and the Mercatus Center.

The Mercatus Center, Indiana University, American Political Science Association, and the Journal of Theoretical Politics will be co-hosting a reception honoring Professor Elinor Ostrom at APSA’s Annual Meeting. Please join us for this special opportunity to honor Dr. Ostrom and her accomplishments.

Peter J. Boettke, shuffling around in a maroon velour track suit or faux-leather rubber shoes he calls "dress Crocs," hardly seems like the type to lead a revolution.

Thomas Stratmann is cited about the link between recessions and traffic tickets at Forbes.com.

India ousted its British colonial rulers in 1947, after decades of struggle led principally by the revered Mohandas Gandhi. Indian economic policies would now be chosen in New Delhi rather than in London. British colonial policies had linked India‘s foreign trade to monopoly privileges and forced transfers of wealth from India toward Britain. In sharp contrast to Adam Smith, who had recommended ending such transfers by instituting free trade between former British colonies and Britain, Gandhi called for ending trade. He favored a form of national self sufficiency for India bordering on autarky. India‘s new government moved away from market-friendly policies. The growth of the Indian economy under Nehru‘s socialism, as we will see, was disappointing. More vigorous growth awaited the liberalization of the economy that began in the 1980s.