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THE ASSOCIATION OF PRIVATE ENTERPRISE EDUCATION*

The Association of Private Enterprise Education^ v/ww.apee.org

c/o Prcbasco Chair of Free Enterprise 313 Fletcher Hall. Dept. 6106 The University of Tennessee at Chattanooga 615 McCallie Avenue Chattanooga, TN 37403-2598

423.425.4118 voice 423.425.5218 fa*

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hand and glebe logo is a registered of The Association of Private Forty-First Annual Conference

President Douglas J. Den Uyl Fund, Inc. “: Free-Market or Crony?” Bally’s Las Vegas Hotel and Casino Las Vegas, Nevada April 3-5, 2016 The Association of Sponsors for the 2016 APEE Conference Private Enterprise Education ® The Association expresses appreciation to the The Im­ 2016 Adam Smith Award pact Group Charitable Foundation, Kickapoo Springs to Foundation, Kenneth and Jacqueline Berger Family John B. Taylor Trust, and NVJOBS for grants to support the atten­ Hoover Institution dance of young scholars at the APEE 2016 Confer­ ence; Liberty Fund, Inc. for support of the Undergradu­ The ‘ Adam Smith Award is ate Research Competition; Atlas Network for support the highest honor bestowed for the Sound Money Session and Student Blog Con­ by The Association of Private test; International Test Solutions, Inc., The Billing Tree, Enterprise Education®. It is Inc., the Goodrich Foundation, and the Koch Foun­ given to recognize an dation for, program support; and The Probasco Chair who has made a sustained of Free Enterprise at The University of Tennessee at and lasting contribution to the Chattanooga for support and assistance in arranging perpetuation of the ideals of a this year’s program. economy as first laid out in Adam Smith’s Wealth of Nations. The recipient of this award must be an 2016 Supporting Organizations individual who has acquired an international reputation as an eloquent scholar and advocate of free enterprise DeVoe L. Moore Center at Florida State University and the system of entrepreneurship which underlies it. Trinity College In searching for a recipient, APEE looks for someone Universidad Francisco Marroquin who through their writing, speaking, and professional life, has focused attention upon the fundamental Participating Organizations principles that are the bulwark of our organization. Academy on Capitalism and Foundation Past Recipients ACRE 2015 - Deirdre Nansen 2000 - Armen A. Alchian McCloskey American Legislative Exchange Council 1999 - Allan H. Meltzer Arizona Council on Economic Education 2014 - Lawrence H. White 1998 - Robert J. Barro Austrian Economics Center 2013 Institute - William Russell 1997 - Easterly . Barker Financial 1996 - Douglass C. North Bastiat Society 2012 - Bruce Yandle Buckeye Institute 1995 - Vernon L. Smith Business and Economics Academy of Milwaukee, Inc. 2011 - Elinor Ostrom 1994 - Richard K. Armey 2010 - Peter J. Bbettke Center for a 1993 - Gordon Tullock 2009 - Jose Pinera Institute/Foundation 1992 - Charles Murray Chicago Trading Company 2008 - Arnold C. Harberger Discover Financial Services 1991 - James M. Buchanan 2007 - Leonard P. Liggio ' Foundation for Research on Economics and the 1990 - Malcolm S. Forbes Jr. Environment 2006 - Bruce L. Benson W Edwards Deming Foundation for Teaching Economics 2005 - Manuel F. Ayau Fraser Institute s 1989 - Walter E. Williams Hammond Institute for Free Enterprise, Lindeniibod 2004 - James D. Gwartney University 1988 - William A. Niskanen 2003 - Richard A. Epstein Harris Economics Group 1987 - Senator Phil Gramm Heritage Foundation 2002 - Hernando de Soto Hoover Institution 1986 - Murray Weidenbaum 2001 - Harold Demsetz ,■ ■ 1985- James C. Miller III continued on page 74 2 3 President’s Welcome Vice President’s Welcome

As president of The Association of Private On behalf of the Executive Enterprise Education®, I am more than delighted Committee and Officers of APEE, I to welcome you to the 41st Annual Meeting of the am pleased to welcome you to Las Association here in Las Vegas. For newcomers, you ■■ " Vegas for the 41st annual meeting of will find APEE to be an organization filled with energy The Association of Private Enterprise and devoted to ideas in a manner unequaled by any Education®. We look forward to other organization. For veterans, welcome back to the exploring with you the many issues intellectual excitement and camaraderie that no doubt related to private enterprise and private compelled your return. enterprise education. Vice President Gerald O’Driscoll has put This year’s conference theme is “Capitalism: Free- together a marvelous program around the theme Market or Crony?” It was intended to stimulate research and of “Capitalism: Free Market or Crony?” Highlighting analysis of a timely issue in political economy. The theme our program are two plenary speakers: Vernon Smith is addressed in a wide variety of papers and sessions. This presenting “Adam Smith for the 21st Century: Conduct, year we have two exciting plenairy speakers: Vernon Smith Rules, Trust Games, the Emergence of Property,” on “Adam Smith for the 21st Century: Conduct, Rules, Trust and Chip Mellor whose title is “License to Work: Games, the Emergence of Property,” and Chip Mellor on A Monopolist’s Best Friend.” Our award recipients “License to Work: A Monopolist’s Best Friend.” this year will be: Adam Smith Award: John B. Taylor; In addition to our diverse program, I am pleased Herman Lay Award: John A. “Matt" Matthews Jr.; to report that the 6th annual Undergraduate Research Distinguished Scholar: Jerry L. Jordan; Kent-Aronoff: Competition will be held Monday night. Liberty Fund provided Edward Peter Stringham. support for the event. Additionally, grants from The Impact We are fortunate to again be able to host the Group Charitable Foundation, Kickapoo Springs Foundation, Undergraduate Research Competition/Poster Fair, Kenneth and Jacqueline Berger Family Trust, and NVJOBS generously supported by Liberty Fund Inc. In addition, supported the attendance and participation of many young contributors to the Young Scholar’s Program include scholars. The Impact Group, Kickapoo Springs Foundation, International Test Solutions, Inc., The Billing Tree, Kenneth and Jacqueline Berger Family Trust, and the Goodrich Foundation, and the Koch Foundation provided NVJOBS. Atlas Network provided support for the support for the plenary speakers and the general program. Sound Money Session and Student Blog Contest. Also, Atlas Network provided support for the Sound Money Finally, we are' very much indebted to International Session and the Student Blog Contest. Test Solutions, Inc., The Billing Tree, the Goodrich Over the next three days, you will have the Foundation, and the Koch Foundation for general opportunity to meet and interact with fellow scholars program support. interested in classical liberal ideas, political economy, and As always, J.R. Clark and his staff deserve all private enterprise. You make up the intellectual community credit for the continuous efforts each year that form the that constitutes APEE. backbone of APEE. I am certain you will get a great Finally, I want to acknowledge all those who helped deal out of this meeting besides having a great time. I me organize the conference. Foremost among these are J. look forward to seeing you at our various events. R. Clark, Ashley Harrison, Sheri Carmichael, Cari O’Neal, Lisa Clements, Kevin Pickard, Tracey Williams and my Sincerely, assistant, Linda Barnett. In addition, I am deeply grateful for all the help I received from the current and Past Presidents of APEE, the Executive Committee, and APEE members too numerous to mention. The cooperation and support of the Douglas J. Den Uyl APEE community make these meetings a success. President i.ST Sincerely,

Gerald P. O’Driscoll, Jr. Vice President The Association of Private Herman W. Lay Memorial Award Introduction Enterprise Education ® J.R. CLARK Annual Conference Program The University of Tennessee at Chattanooga Presentation “Capitalism: Free-Market or Crony?” DOUGLAS J. DEN UYL Liberty Fund, Inc. Bally’s Las Vegas Hotel and Casino Recipient JOHN A. “MATT” MATTHEWS JR. Las Vegas, Nevada April 3-5,2016 Sunday Dinner 7:30-8:30 pm Skyview 5/6 NOTICE TO PARTICIPANTS All participants, authors, and gu'ests attending the Sunday Adam Smith Award conference are required to register and pay the 8:30-9:30 pm Introduction applicable fees. Admission to all events is by name Skyview 5/6 GERALD P. O’DRISCOLL JR. badge only. Please wear your name badge to all Cato Institute events. Presentation DOUGLAS J. DEN UYL Liberty Fund, Inc. SUNDAY APRIL 3. 2016 Recipient JOHN B. TAYLOR Sunday APEE Executive Board Meeting Hoover Institution 12:00-4:00 pm Skyview 1 MONDAY APRIL 4. 2016 Monday Continental Breakfast Sunday Registration 7:30 am 12:00-7:00 Skyview pm Foyer Skyview Foyer Monday Registration 7:30-11:45 Sunday Editorial Board Meeting am 4:00-5:00 pm Skyview Skyview 1 Foyer

Sunday Opening Reception Monday 12.A.1 6:00-7:00 pm 8:00-9:15 am "Nature Unbound: Bureaucracy and Skyview Palace 1 the Environment Foyer Session Chair: Sunday Welcome RYAN MERLIN YONK, Utah State 7:00-7:30 pm DOUGLAS J. DEN UYL University Skyview 5/6 Liberty Fund, Inc. Papers: Conference Overview “Managing for Failure: National Rark GERALD P. O’DRISCOLL JR. Service Mismanagement of Yellow­ Cato Institute stone” Ih Memoriam of Scott L. Probasco JORDAN LOFTHOUSE, Utah State Jr. University RYAN MERLIN YONK, Utah State University 6 7 “Legislation Feeds our Wildfires” “Drunk Driving, Vehicle Accidents, and DEVIN STEIN, Strata Uber” “The Endangered Species Act: Policy SEAN E. MULHOLLAND, Stonehill Intentions vs. Outcomes” College MEGAN E. HANSEN, Utah State ANGELA K. DILLS, Providence College University RANDY T. SIMMONS, Utah State Monday 2.A.3 University 8:00-9:15 am Analyses of State Fiscal Institutions “Does Tort Reform Matter in Envi­ Palace 3 ronmental Outcomes? An Empirical Session Chair: Investigation” EMILY BRETT WASHINGTON, Merca­ ROSS MARCHAND, tus Center at George Mason University Papers: “Why Allow Planners to Do What They “The Financial State of Municipalities Do?” and the Effect pn Housing Values” RYAN MERLIN YONK, Utah State AN N E AN DERS, University of Houston- University Clear Lake - RANDY T. SIMMONS, Utah State “Florida’s Fiscal Policy: Responsible University ■ Budgeting in a Growing State” RANDALL G. HOLCOMBE, Florida Monday 2.A.2 State University 8:00-9:15 am Urban Economics “Tax Incentives: Market vs. Business Palace 2 Friendly” Session Chair: PETER CALCAGNO, College of SEAN E. MULHOLLAND, Stonehill Charleston College FRANK HEFNER, College of Charles­ Papers: ton “The Impact of Minimum Wage on Crime: How Minimum Wage Affects Monday 2.A.4 'Crime Rates Through Its Effects on 8:00-9:15 am International Economics I Income Inequality and Unemployment” Palace 4 BRANDON BRICE, Florida State Session Chair: University ROBERTO MIGUEL SALINAS-LE6N, HUGO MOISES MONTESINOS-YUFA, Mexico Business Forum Florida State University Papers: “Jane Jacobs as Spontaneous Eco- “The Impact of Trade Openness on Y nomic Order Methodologist: Induction, Domestic Economic Regulations” Complexity and Inconsistencies” JAMES RUHLAND, Texas Tech Uni­ PIERRE DESROCHERS, University of versity . Toronto “Identifying Regulations Affecting Inter­ “Costly Mistakes: How Bad Policies national Trade and Investment: Better Raise the Cost of Living” Classification Could Improve Regula­ SALIM B. FURTH, The l-leritage Foun­ tory Cooperation” dation DANIEL PEREZ, George Washington “Congregating in Capitals: Population University Regulatory Studies Center and Establishment Increases in US “A Model of Exchange Rate Overshoot­ Capital Cities” ing Using Wavelets” ADAM MILLSAP, Mercatus Center MICHAEL KELLEY, University of Illinois at Chicago

8 9 “Why Nogales Fails: Assessing the “The American Founding in the Context Nerxt Steps in North American Integra­ of the Bourgeois Era” tion” KEN OWEN, University of Illinois ROBERTO MIGUEL SALINAS-LEON, “ and Rhetoric: Mexico Business Forum Causality and the Social Construction of Reality in the Bourgeois Era” Monday 2.A.5 MATTHEW BROWN, Academy on 8:00-9:15 am Economic Development I Capitalism and Limited Government Palace 5 Foundation Session Chair: ROBERTA. LAWSON, Southern Meth­ Monday 2.A.7 odist University 8:00-9:15 am Rent-Seeking and Corruption Papers: Skyview 1 “Does the Friedman Hypothesis Apply Session Chair: to the Internet?” ANDREW YOl^NG, West Virginia WILLIAM P. MCANDREW, Gannon University University Papers: ' J. ZACHARY KLINGENSMITH, Penn “Corporate and Social Welfare: A Con­ State Behrend flict or Symbiosis” “The Coming Era of Smaller Gov­ ROMINA BOCCIA, Heritage Founda­ ernment? How the Law of Demand tion ’ and the Aging of the Population May “Labor Share in the Rent-Seeking Change Fiscal Politics in the U.S.” Society” STEPHEN SLIVINSKi, Arizona State ANDREW YOUNG, West Virginia University University THOMAS FIREY, Cato Institute “Beyond Piketty, the Pope, and the “What Matters More? Institutions or President: How Lawyers Increase Specifications?” Income Inequality” ROBERTA. LAWSON, Southern Meth­ ROBERT SUBRICK, James Madison odist University University RYAN MURPHY, Southern Methodist University “Does Corruption Impact the Informal- Formal Sector Wage Gap? Evidence from Brazil” Monday 2.A.6 JAMIE BOLOGNA, West Virginia 8:00-9:15 am McCloskey’s Bourgeois Era: Com­ University Palace 6 ments and Next Directions

Session Chair: Monday 2.A.8 MATTHEW BROWN, Academy on 8:00-9:15 am Economic Freedom and Gender Capitalism and Limited Government Skyview 2 Foundation Session Chair: JOSHUA C. HALL, West Virginia Uni­ Panelists: versity “Historical Political Economy and the Bourgeois Era” Papers: PETER BOETTKE, George Mason “The Impact of Economic Freedom on University Gender Norms” ROSEMARIE FIKE, Texas Christian “The McCloskey Thesis and the Dutch University Historiographical Tradition” MICHAEL J. DOUMA, Georgetown University

10 11 “The Relationship Between Labour Papers: Market Freedom and the Female La­ “Economists Have Introductory Eco­ bour Force Participation Rate” nomics Backwards and Bored Hordes HO-PO WONG, West Virginia Univer­ of Students in the Process” sity RICHARD B. MCKENZIE, University of DEAN STANSEL, Southern Methodist California, Irvine University “Debunking Exceptions to the Law of “Did Women’s Suffrage Change the Demand has Become Less Fashion­ Size of Government? A Spatial Ap­ able, But Why?” proach” l JAMES E. MCCLURE, Ball State MARIA TACKETT, West Virginia Uni­ University versity ■ he Production Possibilities Frontier: “Economic Freedom and Male-Female Issues of Theory and Pedagogy” Earnings” * PHILIP GRAVES, University of Colo­ AMANDA ROSS, West Virginia Univer­ rado Boulder , sity “Taking Simple Ideas and Rendering JOSHUA C. HALL, West Virginia Uni­ Them Completely Incomprehensible” versity DW IG HT R. LEE, Southern Methodist University Monday 2.A.9 8:00-9:15 am Sound Money: Are Central Banks Monday 2.B.13: Plenary I Skyview 3 Necessary? 9:20-10:20 “Adam Smith for the 21st Century: am Conduct, Rules, Trust Games, the Session Chair: Skyview 5 Emergence of Property” , MARY ANASTASIA O’GRADY, The VERNON SMITH Wall Street Journal Chapman University Panelists: “Is There a Monetary Policy?” Monday 2.C.1 LEE HOSKINS, Pacific Research 10:25-11:40 Crime and Punishment Institute am “Prospects for Monetary Reform” Palace 1 Session Chair: GERALD P. O’DRISCOLL, Cato Insti­ DANIEL J. D’AMICO, Brown University tute Papers: “An ‘Independent’ Central Bank: Do We “Consolidation of Prosecutor Offices” Want One?” BRYAN C. MCCANNON, West Virginia THOMAS R. SAVING, Texas A&M University •v University “The Gacaca Courts: Traditional “End of Monetary Policies” Dispute Resolution in Post-Genocide JERRY L. JORDAN, Pacific Academy Rwanda” for Advanced Studies COLIN W. O’REILLY, University of i Wisconsin-Stout Yl ZHANG, Discover Financial Services Monday 2.A.10 8:00-9:15 am What’s Wrong With How We Teach “Does Crime Affect Business Location *EE Economic Principles? Decisions? A Discussion of the!Current Skyview 4 Literature” Session Chair: JOSHUA MATTI, West Virginia Univer­ DWIGHT R. LEE, Southern Methodist sity University AMANDA ROSS, West Virginia Univer­ sity

12 13 “The Punitive Consequences of Legal “Does War Make Political Leaders Origins” Great?” DANIEL J. D’AMICO, Brown University ZAC GOCHENOUR, Western Carolina CLAUDIA WILLIAMSON, Mississippi University State University “An Economist’s Case for a Non-Inter­ ventionist Foreign Policy” Monday 2.C.2 DAVID R. HENDERSON, Naval Post­ 10:25-11:40 Guns, Police, and Crime graduate School am Palace 2 Session Chair: WHITNEY BUSER, Young Harris Col­ Monday 2.C.4 lege 10:25-11:40 International Economics II am Papers: Palace 4 Session Chair: “Trust and Confidence in the Police” AUDREY REDFORD, Texas Tech MATILDA FOSTER, Young Harris Col­ University 1 lege Papers: „ “Does Private Security Enhance Police “Global Innovation Arbitrage” Productivity?” SAMUEL HAMMOND, Mercatus Center BRIAN MEEHAN, Berry College at George Mason University “Recreational Marijuana Laws and ADAM THIERER, Mercatus Center at Crime” George Mason University ALEXANDRE PADILLA, Metropolitan “Institutional Determinants of Fungibil- State University of Denver ity in African Countries: A Panel Study NICOLAS CACHANOSKY, Metropoli­ on HIV/AIDs Assistance and Health tan State University of Denver Spending” “Effectiveness in Firearm Regulation: MATTHEW DOBRA, Methodist Univer­ What Are We Missing?” sity WHITNEY BUSER, Young Harris Col­ ALEXANDER DEMITRASZEK, Meth­ lege odist University NATHAN L. GRAY, Young Harris Col­ “Chinese Government Regulation on lege Corruption and its Impact on Interna­ ROLANDO JOE TIU, Young Harris tional Tourism” College Zl YANG, Suffolk University “Using the Evolution of International Monday 2.C.3 Trade Theories and Kahoot! To Teach 10:25-11:40 War and Foreign Policy Comparative Advantage” am YING ZHEN, Wesleyan College Palace 3 Moderator: DAVID R. HENDERSON, Naval Post­ “Legal High: Phenomena as a Byprod­ graduate School uct of Drug Scheduling: Evidence from the 1961 Single Convention” Panelists: AUDREY REDFORD, Texas Tech “Do American Troops Help Spread University Democracy?” TIMOTHY J. KANE, Hoover Institution Monday “Foreign Intervention and Human 10:25-11:40 eing an Intellectual Entrepreneur Rights Abuses in the U.S.” am ABIGAIL R. HALL, University of Tampa Palace 5 Moderator: BRENNAN BROWN, Charles Koch Institute/Foundation

14 15 Panelists: Monday 2,C7 GEORGE R. CROWLEY, Troy Univer­ 10:25-11:40 Examining Regulations and Eco­ sity am nomic Performance Sky view 1 “How Academic Research Can Change Session Chair: Lives” CARRIE B. KEREKES, Florida Gulf CHRIS W. SURPRENANT, University Coast University of New Orleans Papers: “Developing an Ecosystem for Student “Regulatory Reform and the Disruptive Engagement” < Effects of Uber: The Case of Municipal DEREK K. YONAI, Florida Southern Taxi Regulations” College SAMUEL R. STALEY, Florida State “The Center for Free Enterprise at West « University Virginia University” . MATTHEW L. KELLY, Florida State JOSHUA C. HALL, West Virginia Uni­ University , versity * “What Can We Learn from a Free Mar­ ket in Payday Loans?” Monday 2.C.6 TOM W. MILLER, Mississippi State 10:25-1T:40 Applied Austrian Economics University am Palace 6 Session Chair: “Free to Publish? The Relationship Be­ BENJAMIN POWELL, Texas Tech tween Tenure and Academic Freedom” University LAUREN HELLER, Berry College Papers: “Interest Groups, Institutional Structure, “Money and the Rule of Law” and Economic Performance Across GLENN FURTON, Texas Tech Univer­ States” sity GREGORY RANDOLPH, Southern ALEXANDER WILLIAM SALTER, New Hampshire University Texas Tech University , ROBERT SALVINO, Coastal Carolina University “High Frequency Trading, Exchange GEOFFREY TURNBULL, University of Microstructure, and Externalities” Central Florida TAYLOR L. SMITH, Texas Tech Uni­ versity “Aid, Policies and Growth: Revisiting with New Data” “Economic Calculation, Economic Free­ SHAOMENG JIA, Mississippi State dom, and the Productivity of Invest­ University ment” CLAUDIA WILLIAMSON, Mississippi . GONZALO MACERA, Texas Tech State University University BENJAMIN POWELL, Texas Tech Monday 2.C.8 University 10:25-11:40 Empirical State and Local Political “Skin In the Game: Comparing The am Economy . Private and Public Regulation of Skyview 2 Isotretinoin” Organizer(s): RAYMOND J. MARCH, Texas Tech DEAN STANSEL, Southern Metpodist University University Session Chair: DEAN STANSEL, Southern Methodist University

16 17 Papers: Monday 2.C.10 “Does Economic Freedom Credte So­ 10:25-11:40 Lego, Literature, and London: Un­ cial Capital in US States?” am usual Sources and Pedagogies for JEREMY JACKSON, North Dakota *EE the Economics Classroom . State University Skyview 4 RYAN COMPTON, University of Mani­ Session Chair: toba SARAH SKWIRE, Liberty Fund, Inc. AKA KYAW MIN MAW, North Dakota Papers: State University “The Grim Calculus: Using ‘Round “Occupational Licensing of Nurse Prac­ About a Pound a Week’ in the Class­ titioners in Arkansas” room” DAVID MITCHELL, ACRE STEVEN HORWITZ, St. Lawrence University “Subnational Economic Freedom of the SARAH SKWIRE, Liberty Fund, Inc. United States in the 19th Century” RYAN MURPHY, Southern Methodist “Economics Lessons in Literature” University MICHELLE A. VACHRIS, Christopher DEAN STANSEL, Southern Methodist Newport University - University “Building Blocks of Entrepreneurship­ “The Effects'of Expanded Scope of Using Lego to Teach the FUNdamen­ Practice of Nurse Practitioners and tals of Value Creation” Physician Assistants on Medicaid Pa­ THOMAS BOGLE, Corona del Sol High tient Access to Healthcare” School EDWARD TIMMONS, Saint Francis “Innovative Teaching: How to Teach University Principles Level Courses Without Math and Graphs” Monday 2.C.9 ABDULLAH AL-BAHFtANI, Northern 10:25-11:40 Monetary Institutions and Policy Kentucky University am “Inflation, Unemployment, Money Sup­ Skyview 3 Session Chair: ply, Oh My! Teaching and Reinforcing LAWRENCE H. WHITE, George Mason Macroeconomic Concepts Using The University Wizard of Oz" Papers: . KRYSTAL BRAND SLIVINSKI, Grand “The Fiscal Theory of the Price Level: Canyon University Implications for Monetary Policy” DAVID BECKWORTH, Western Ken­ Monday 2.D.13 tucky University 11:45 am- Awards Luncheon “Comparative Monetary Systems” 1:15 pm SCOTT A. BURNS, Mercatus Center Skyview 5/6 Outstanding Paper Published in The WILLIAM J. LUTHER, Kenyon College Journal of Private Enterprise, 2015 Introduction and Presentation “Offsetting Capital Flows and Monetary EDWARD P. STRINGHAM Policy Effectiviness in Argentina" Trinity University NICOLAS CACHANOSKY, Metropoli­ Recipient tan State University of Denver PHILLIP W. MAGNESS “Getting off the Ground: The Case of Institute for Humane Studies Bitcoin” ROBERT P. MURPHY WILLIAM J. LUTHER, Kenyon College Texas Tech University “Challenging the Empirical Contribu­ tion of Thomas Piketty’s Capital in the Twenty-First Century” Vol. XXX, No. 1, Spring 2015 18 19 The Best Educational Note for The “How to Implement the Yellowstone Journal of Private Enterprise, 2015 Ideal” Introduction and Presentation JOHN BADEN, Foundation for Re­ EDWARD P. STRINGHAM search on Economics and the Environ­ Trinity University ment Recipient ADAM J. HOFFER Monday 2.E.2 University of Wisconsin-La Crosse 1:20-2:35 pm Government-Granted Privilege in ■ GEORGE R. CROWLEY Palace 2 Health Care: Exposing Barriers to Troy University Entry and Regulatory Capture “Did You Say That Voting Is Ridiculous? Using South Park Session Chair: to Teach " CHRISTOPHER KOOPMAN, George Vol. XXX, No. 3, Fall 2015 Mason University School of Law 2.D.13 Papers: y Teaching Economics Keynote Ad­ “The Effects of Liberalizing Pharmacist dress Scope of Practice: Evidence.for Medi­ “If It Matters, Measure It: Teaching the care Patients" Economics That Is Always Relevant" EDWARD TIMMONS, Saint Francis MICHAEL WALKER University Fraser Institute “Are CON Laws Barriers to Entry? Ef­ fects on Medical Services” Monday Registration 1:15-5:00 pm THOMAS STRATMANN, George Ma­ Skyview son University Foyer “Can Health Spending Be Reigned In Through Supply Restraints? An Evalua­ Monday 2.E.1 tion of Certificate of Need Laws” 1:20-2:35 pm The Political Ecology of Yellowstone JAMES BAILEY, Creighton University Palace 1 Park “Certificate of Need and Market Structure: The Effect of CON on Rural Session Chair: Hospitals” JOHN BADEN, Foundation for Re­ CHRISTOPHER KOOPMAN, George search on Economics and the Environ­ Mason University School of Law ment THOMAS STRATMANN, George Ma­ Papers: son University “Environmentalism Without Romance” •v SHAWN REGAN, The Property and Mondayf e p Environment Research Center 1:20-2:35 pm Adapting Liberty Fund’s Socratic Palace 3 Discussion for the University Class­ Panelists: room “Science vs. Politics in Yellowstone” RANDY T. SIMMONS, Utah State 4 Session Chair: University EDWARD J. L6PEZ, Western Carolina “Yellowstone Reconsidered” University RYAN MERLIN YONK, Utah State Panelists: University STEVEN HORWITZ, St. Lawrence University EDWARD J. L6PEZ, Western Carolina University

20 21 MICHAEL C. MUNGER, Duke Univer­ Monday 2.E.6 sity 1:20-2:35 pm A Christian Perspective on Wealth Creation vs. Cronyism BART J. WILSON, Chapman University Palace 6 Session Chair: Monday 2.E.4 ANNE R. BRADLEY, Institute for Faith, 1:20-2:35 pm Great Thinkers of Classical Liberal­ Work & Economics Palace 4 ism: Kant Papers: “The Utopian Denial of Our Bearing the Session Chair: Image of God” DOUGLAS B. RASMUSSEN, St. PAULA. CLEVELAND, Birmingham- John’s University Southern College Panelists: “Are Riches and Righteousness at “The Kantian Case for Classical Liber­ alism” Odds?” DAVID S. KOTTER, Colorado Christian FERNANDO TESON, Florida State University University “A Biblical Critique of Crony Capitalism” “Kant on Punishment” JEFF HAYMOND, Cedarville University CHRIS W. SURPRENANT, University BERT WHEELER, Cedarville University of New Orleans

2.E.7 Monday 2.E.5 Monday Topics in Microeconomics 1:20-2:35 pm Being a Liberty-Advancing Aca­ 1:20-2:35 pm Palace 5 demic Skyview 1 Session Chair: JONATHAN ERNEST, Clemson Uni­ Moderator: versity DEBI GHATE, Charles Koch Institute/ Foundation Papers: “Shadow Markets and Hierarchies: Panelists: Comparing and Modeling Networks in ,“Stepping out of Your Comfort Zone: the Dark Net Abstract” Engaging with Mainstream Academics” JULIA R. NORGAARD, Mercatus Cen­ PETER BOETTKE, George Mason ter at George Mason University University ROBERT AUGUSTUS HARDY, George “Expanding Your University: Building a Mason University Free-market Platform” HAROLD WALBERT, George Mason ADAM CHRISTOPHER SMITH, John- University y son and Wales University “Insurance Verification in the Digital “So Many Birds, So Little Time: Killing Age: Beneficiaries of State Auto Insur­ Them All With Just a Few Stones” ance Database Regulation" ART CARDEN, Samford University JONATHAN ERNEST, Clemson Uni­ “How to Leverage Faculty and Universi­ versity ty Resources Toward Center Success” “Entrepreneurship as Coordination” STEPHEN C. MILLER, Troy University- BRIAN C. ALBRECHT, University of Johnson Center for Political Economy Minnesota %

22 23 Monday 2.E.8 Papers: 1:20-2:35 pm Origins of Economic Freedom “Using Show Tunes to Teach about Skyview 2 Free (and Not So Free) Markets” Session Chair: MATTHEW C. ROUSU, Susquehanna CHARLES LONG, Texas Tech Univer­ University sity “Implementing a Money Fair in an Inner Papers: City Charter School” “Institutional Determinants of Moral LA DONNA MARIE LEAZER, Business Beliefs: The Relationships Between and Economics Academy of Milwau­ Property Rights And Morality” kee, Inc. BRUCE BENSON, Texas Tech Univer­ sity “New Lessons in Personal Finance and Liberty” “Removing the Crude Oil Price Controls JOE CALHOUN, Florida State Univer­ of the 1970s: Lessons for Free-Market sity Reform” “Teaching Economics in American His­ ROBERT MURPHY, Texas Tech Uni­ versity tory” DEBBIE HENNEY, Foundation for “Economic Freedom and Dictatorship: Teaching Economics The Peruvian'Case” “The Cold War and Economic Educa­ EDWAR ENRIQUE ESCALANTE, tion” Texas Tech University LUCIEN ELLINGTON, The University “The Global Spread of Think Tanks and of Tennessee at Chattanooga Economic Freedom" BENJAMIN POWELL, Texas Tech Monday 2.F.1 University 2:40-3:55 pm Institutions and Growth MATT E. RYAN, Duquesne University Palace 1 Session Chair: Monday 2.E.9 GERALD P. DWYER, Clemson Univer­ 1:20-2:35 pm End of Macroeconomics? sity Skyview 3 Papers: Session Chair: “Underground Economics: The Case of JERRY L. JORDAN, Pacific Academy Bootleg Coal” for Advanced Studies DAVID BARKER, Barker Financial Panelists: “Economic Growth and Human Capital” “The Illusion of Fiscal Policy” ROBERT TAM UR A, Clemson Univer­ THOMAS R. SAVING, Texas A&M v University sity “The Return of Land” “Why Are Interest Rates So Low?” JOHN DEVEREUX, City University of MICHAEL WALKER, Fraser Institute New York LAWRENCE H. WHITE, George Mason University “Freedom for Latin America” ALEJANDRO GOMEZ, Universidad Francisco Marroquin Monday 2.E.10 1:20-2:35 pm The Latest and Greatest in “Economic Freedom and Grow/th in *EE Economic Education I States in India” Skyview 4 ABIR MAN DAL, Clemson University Session Chair: SCOTT NIEDERJOHN, Lakeland Col­ lege /

24 25 Monday Monday 2.F.5 2:40-3:55 pm iagnostic Studies 2:40-3:55 pm Experiments in Free Enterprise Palace 2 Palace 5 Moderator: Session Chair: EMILY BRETT WASHINGTON, Merca- MARK WILSON, Saint Bonaventure tus Center University Panelists: Papers: SCOTT BEAULIER, Arizona State “Peer vs. Centralized Detection and University' Sanctions" « GREG DEANGELO, West Virginia ZAC GOCHENOUR, Western Carolina University University “Contracts and Trust” MICHAEL DAVID THOMAS, Creighton BRYAN C. MCCANNON, West Virginia University University

Monday 2.F.3 “Free Market'Classroom Experiments” 2:40-3:55 pm Video Storytelling to Promote the JAMES MAHAR, Saint Bonaventure Palace 3 Free Market Ideas University “Financial Competence, Overconfi­ Session Chair: dence, and Trusting Investments” DAVID THEROUX, Independent Insti­ MARK WILSON, Saint Bonaventure tute University Panelists: TIM HEDBERG, Learn Liberty Monday lSTIEfr 2:40-3:55 pm Public Economics I REBECA ZUNIGA, Independent Insti­ Palace 6 tute Session Chair: STEPHANIE FALLA, Universidad Fran­ HOWARD BAETJER, Towson Univer­ cisco Marroquin sity Papers: Monday 2.F.4 “Behavioral Economics and the Value 2:40-3:55 pm of Freedom of a Statistical Life” Palace 4 ALECIA HUNTER, Utah State Univer­ Session Chair: sity PETER CALCAGNO, College of RYAN BOSWORTH, Utah State Uni­ Charleston versity Papers: AHSAN KIBRIA, Utah State University “Labour Defended Against the Claims “Capital, Taxes, and the Median Wage” of Crony Capital” WILLIAM GAVIN EKINS, Tax Founda­ ALBERTO MINGARDI, Istituto Bruno tion Leoni “What Exactly is a Nexus?” “Rand on Rights and the JOHN B. ESTILL, San Jose State Emergence of Government” University ONKAR GHATE, TOM MEANS, San Jose Stater Univer­ Panelists: sity ''' DOUGLAS B. RASMUSSEN, St. “The 2010 Health Care Law: A Case John’s University Study in Public Choice” PAUL WIN FREE, Heritage Foundation BRIAN BLASE, Mercatus Center

26 27 “The Burden of Government Debt: “Land Tenure Reform and the Cost of Does It Matter That ‘We Owe It To Government in Kajiado District, Kenya" Ourselves?’” COLIN HARRIS, George Mason Uni­ HOWARD BAETJER, Towson Univer­ versity sity PETER LEESON, George Mason University Monday 2.F.7 “Instilling Norms in a Turmoil of Spill­ 2:40-3:55 pm Effects of Government Programs overs” Skyview 1 and Government Regulation ALEXANDER FUNCKE, University of Pennsylvania Session Chair: JOHN GAREN, University of Kentucky Monday 2.F.9 Papers: 2:40-3:55 pm Should the FSOC be Reformed or “Potential Entrepreneurs and Regula­ Skyview 3 Abolished? tion: Who Gets Stuck in the Red Tape?” y JAMES BAILEY, Creighton University Session Chair: DIANA THOMAS, Creighton University JOHN A. TATOM, Institute for Applied Economics, Johns Hopkins University “When Special Interests Lose” MATT MITCHELL, George Mason Papers: University “FSOC Reform or Abolition?" r . Ch r is t o p h e r w h a l e n , Kroii “Virtual Versus Physical Government Bond Rating Agency : Effects on Corruption and the Shadow Economy” “The Financial Stability Oversight JAMES SAUNORIS, Eastern Michigan Council and the Office of Financial University Research: Flawed Missions, Flawed Designs” “Beyond Market Failure and Govern­ CHRIS KUIPER, Mercatus Center at ment Failure” 4 George Mason University GLENN FURTON, Texas Tech Univer­ HESTER PEIRCE, Mercatus Center at sity George Mason University ADAM MARTIN, Texas Tech University “The Financial Stability Oversight Monday 2.F.8 Council: the Official Too-Big-to-Fail 2:40-3:55 pm Is Law Needed for Order? Committee” Skyview 2 NORBERT MICHEL, Heritage Founda­ Session Chair: tion EDWARD PETER STRINGHAM, Trinity “Gaining and Shedding Dodd-Frank’s College Systematically Important Financial Papers: Institution (SIFI) Label” “Superstition and Self-Governance” HESTER PEIRCE, Mercatus Center at PAOLAA. SUAREZ, George Mason George Mason University University PETER LEESON, George Mason Monday 2.F.10 University 2:40-3:55 pm The Latest and Greatest in Econom­ *EE ic Education II “Order Without Law Among Students: Skyview 4 Social Norms and Informal Governance Session Chair: at a Selective, Private, Residential SHELBY FROST, Georgia State Uni­ Liberal-Arts College” versity JOHN ALCORN, Trinity College

28 29 Papers: •_ Monday 2.G.1 “My Technology Journey: Balancing 4:00-5:15 pm New Perspectives on Adam Smith Technology Use Versus Traditional Palace 1 Teaching Methods” Session Chair: G. DIRK MATEER, University of Ari­ DOUGLAS J. DEN UYL, Liberty Fund, zona Inc. “Taking the High School Economics Papers: Course Rogue" “Adam Smith at the Department of JOHN S. MORTON, Arizona Council on Homeland Security” Economic Education CHRIS MARTIN, Hillsdale College “Economics and Hot Topics in the “Faction and the Warping of the Moral News” Imagination: When Trade Becomes a KATHRYN A. RATTE, Foundation for Zero Sum” Teaching Economics SANDRA J. PEART, University of Richmond • “Open Education: Opportunities to Ad­ DAVID M. LEVY, George Mason Uni­ vance the Principles of a Free Society” versity TAWNI HUNT FERRARINI, Northern Michigan University “The Irregularity of Regularity: David Hume and the Invisible Hand” “Creative Student Projects: Encourag­ ERIK MATSON, George Mason Uni­ ing Students to Think about Economics in New Ways” versity SHELBY FROST, Georgia State Uni­ “The Impartial Spectator: From Real versity People to the Ideal Person” PAUL D. MUELLER, The King’s Col­ Monday 2.F.11 lege 2:40-3:55 pm Monetary History Before Central Skyview 5 Banking i Monday 2.G.2 4:00-5:15 pm Health and Education Spending Organizer(s): Palace 2 LAWRENCE H. WHITE, George Mason Session Chair: University LEAH KITASHIMA, Clemson University Session Chair: Papers: LAWRENCE H. WHITE, George Mason “Lowered College Costs and Major University Composition” TIMOTHY BACON, Clemson University Papers: > “The ‘Asset Currency’ Reform Move­ “The Political Economy of Medicaid ment during the U.S. National Banking * Waivers” Period” KELLY MAUREEN FERGUSON, JEFFREY ROGERS HUMMEL, San Mercatus Center at George Mason Jose State University University “Origins of the U.S. National Banking “Private Schooling: Modelling Private System: The Chase-Cooke Connec­ Education Demand on Attainment” tion” PETER BRANT FRASER FOTHER- PATRICK NEWMAN, George Mason INGHAM, Keele University University BENJAMIN ANGUS DAVIES, San Andres College “Free Banking in Argentina during the GREGORY THRELFALL, Shrewsbury Nineteenth Century” School NICOLAS CACHANOSKY, Metropoli­ tan State University of Denver

30 31 “The Effects of ADHD Medication on Monday 2.G.5 Children and Adolescents’Academic 4:00-5:15 pm Ptiblic Economics II and Criminal Outcomes” Palace 5 LEAH KITASHIMA, Clemson University Session Chair: ANNA CHORNIY, Clemson University COLLEEN E. HAIGHT, San Jose State University Monday Papers: 4:00-5:15 pm 'Social Media Alliance for Liberty “The Limits and Potential of Smart City Palace 3 Tools in the Hands of Policymakers” Session Chair: EMILY BRETT WASHINGTON, Merca- AMY M. WILLIS, Liberty Fund, Inc. tus Center Panelists: i “Alabama at the Crossroads: An Eco­ AMY M. WILLIS, Liberty Fund, Inc. nomic Guide to a Fiscally Sustainable TAWNI HUNT FERR*ARINI, Northern Future” Michigan University DANIEL JOSEPH SMITH, Troy Univer­ sity SCOTT BARTON, Institute for Humane JOHN DOVE, Troy University Studies “Persecuting Plastic Bags” TROY OLDHAM, Strata E.F. STEPHENSON, Berry College STEPHANIE FALLA, Universidad Fran­ “California’s Fiscal History” cisco Marroquin COLLEEN E. HAIGHT, San Jose State University Monday 2.G.4 4:00-5:15 pm Money and Finance Monday 2.G.6 Palace 4 4:00-5:15 pm Targeted Economic Development Session Chair: Palace 6 Incentives: The Costs and Conse­ THOMAS F. CARGILL, Independent 4 quences of Privilege at the State- Scholar Level Papers: Session Chair: “Secondary Currency Acceptance: Experimental Evidence” MATT MITCHELL, George Mason University JUSTIN RIETZ, University of California, Santa Cruz Papers: “Real Business Cycle Theory: A Cri­ “Economic Privileges in US State Tax tique” Systems” JEREMY HORPEDAHL, University of v BRIAN P SIMPSON, National Univer­ sity Central Arkansas SCOTT DRENKARD, Tax Foundation “Combining Monetary and Financial MATT MITCHELL, George Mason Regulatory Objectives and the Impact University on Federal Reserve Policy” THOMAS F. CARGILL, Independent “The Political Economy of the Tax Scholar Base” MARK PINGLE, University of Nevada, FREDRICK TRAVIS BEDSWORTH, Reno Florida State University “Property Rights vs. Rent-Seeking Poli­ tics: A Public Choice Perspective” JENNIS BISER, Austin Peay State University

32 33 “Do Targeted Economic Incentives , Tom & Vi Zapara Work?” School of Business, La Sierra Univer­ MATT MITCHELL, George Mason sity University JASON LEE BYAS, Georgia State “The Use and Abuse of Input-Output University Economic Impact Models” NATHAN P. GOODMAN, Center for a MICHAEL FARREN, Mercatus Center Stateless Society at George Mason University RODERICK T. LONG, Auburn Univer­ Monday 2.G.7 sity 4:00-5:15 pm Labor Markets, Morality, Interest Skyview 1 Groups, and Public Policy Monday 2.G.9 4:00-5:15 pm Market Monetarism Session Chair: • Skyview 3 GREGORY RANDOLPH, Southern Session Chair: New Hampshire University CATHERINE ENGLAND, Marymount Papers: University - “Bad Weather, Safe Day? The Effect of Papers: Weather and Pollution on Crime” “Would a Free Banking System Target BO LIU, Georgia State University NGDP Growth?” ANDREW YOUNG, West Virginia “The Economics of Entrepreneurship: University To Inform an Economic and Moral Perspective” ALEXANDER WILLIAM SALTER, Texas Tech University ROBERT SALVINO, Coastal Carolina * University “Shocks to the Federal Reserve’s Instrument or Target? An Empirical “Spatial Relationships in Lobbying Investigation” Activity” 1 JOSHUA HENDRICKSON, University MICHAEL T. TASTO, Southern New of Mississippi Hampshire University “Market Monetarism and Limited Gov­ “Informal Institutions and Public Policy” ernment” GREGORY RANDOLPH, Southern SCOTT SUMNER, Mercatus Center at New Hampshire University ' George Mason University “Wage Rigidity and Flexibility: A Labo­ ratory Study” “Beggaring Thy Neighbor at the State and Local Level” JOY BUCHANAN, George Mason ,, University RYAN MURPHY, Southern Methodist University DANIEL HOUSER, George Mason & University “Towards a Market-Based Rule for Monetary Policy” Monday 2.G.8 J. J. ARIAS, Georgia College 4:00-5:15 pm Prisons: Reform or Abolition? Skyview 2 Monday 2.G.10 Moderator: 4:00-5:15 pm Economic Education RODERICK T. LONG, Auburn Univer­ *EE % sity Skyview 4 Session Chair: Panelists: JOSHUA C, HALL, West Virginia Uni­ versity DANIEL J. D’AMICO, Brown University

34 35 Papers: Tuesday “Demonstrator-Mentor Model Meets 8:00-9:15 am gricultural Economics & the Free Liberty Fund: Teaching the Senior Palace 1 Market Seminar Class” MICHELLE A. VACHRIS, Christopher Session Chair: Newport University AUDREY REDFORD, Texas Tech “Viewing Economics through the Lens University of Life” Papers: CHARITY-JOY ACCHIARDO, Univer­ “Government and Market Responses to sity of Arizona * Nutritional Needs” ABDULLAH AL-BAHRANI, Northern BRANDON R. MCFADDEN, University Kentucky University of Florida KIM HOLDER, University of West s Georgia “EPA Regulation and Food Expendi­ tures” G. DIRK MATEER, University of Ari­ zona LEVI A. RUSSELL, Texas A&M Univer­ sity “Risk Preference, Imperfect Knowl­ edge, and Academic Wagering” “The Political Economy of (Public) Choosing Climate Change Opinions” ANTONY DAVIES, Duquesne Univer­ sity TREY J. MALONE, Oklahoma State MATT E. RYAN, Duquesne University University JAYSON LUSK, Oklahoma State “Cultivating the Liberally Educated University Mind Through A Signature Program” DAVID ZILBERMAN, University of LAURA GRUBE, Beloit College California, Berkeley EMILY CHAMLEE-WRIGHT, Washing­ ton College “The Past, Present, and Future of the U.S. Department of Agriculture” JOSHUA C. HALL, West Virginia Uni­ versity JAYSON LUSK, Oklahoma State University Monday 2JH.11 Tuesday 3.A.2 5:30-6:30 pm Undergraduate Research Competi- Sky view 5 tion and Reception 8:00-9:15 am Microeconomics I Palace 2 Session Chair: GREGORY WOLCOTT, Loyola Univer­ TUESDAY APRIL 5. 2016 sity Chicago Tuesday Continental Breakfast Papers: 7:30 arr> “On the Hypotheses of Lipset and Skyview Friedman. A Logit Appproach” Foyer HUGO MOISES MONTESINOS-YUFA, Florida State University Tuesday Registration “Designing a Market for Secrets” 7:30-11:45 ASH NAVABI, George Mason Univer­ am sity Skyview Foyer “Context Effects and the Risk-Averse Consumer” ERIKA DAVIES, Mercatus Center at George Mason University

36 37 “Centralization and the Emergence of “Role in the Market for Residential Expressive Participation” Mortgage Credit Risk” DYLAN DELLISANTI, George Mason PATRICK LAWLER, Independent University Scholar “A Literature’s Forgotten Character: “Five Myths about Inequality” New Critics of Liberty and the Neglect­ DAVID R. HENDERSON, Naval Post­ ed Entrepreneur” graduate School GREGORY WOLCOTT, Loyola Univer­ sity Chicagd “The Problem of Social Cost (of Car­ bon)” MIKE DAVIS, Southern Methodist Tuesday 3.A.3 University 8:00-9:15 am Crony Capitalism I Palace 3 t Session Chair: , . Tuesday 3.A.5 HANNES H. GISSURARSON, Univer­ 8:00-9:15 am Well-Being and Freedom r sity of Iceland Palace 5 Session Chair: Papers: SEAN E. MULHOLLAND, Stonehill “Cronyism and Entrepreneurship: How College Does Cronyism Influence Productive and Unproductive Entrepreneurship Papers: within a Country?” “Who Pays for Smokers? Evidence SOHRAB SOLEIMANOF, Oklahoma from Twins and Siblings” State University MOIZ BHAI, University of Illinois at MATT RUTHERFORD, Oklahoma Chicago State University “Economic Freedom and the Solow “Economics and Crony Capitalism are Model: An Empirical Analysis of States Timeless: Applications to the U.S. Civil of India” War” ABIR MAN DAL, Clemson University JOHN HILSTON, Eastern Florida State “Toward Methodological Anarchism” Cpllege BILLY CHRISTMAS, University of “The Immorality of Crony Capitalism: Manchester Three Icelandic Examples” HANNES H. GISSURARSON,' Univer­ Tuesday 3.A.6 sity of Iceland 8:00-9:15 am Suffolk-nomics Palace 6 “The Honorable Entrepreneur’s Credo” Session Chair: FELIX R. LIVINGSTON, Flagler Col­ > lege RYAN MURPHY, Southern Methodist University if Tuesday 3.A.4 Papers: 8:00-9:15 am Political Economy “Can Policy Influence Art Markets? An Palace 4 ■ Empirical Investigation in Art Auction Session Chair: Markets” DWIGHT R. LEE, Southern Methodist YU-HSI LIU, National Sun Yat-sen University University CHIEN-YUAN SHER, NationahSun Yat- Papers: sen University "Tax Reform as a Discovery Process” J.R. CLARK, The University of Tennes­ see at Chattanooga DWIGHT. R. LEE, Southern Methodist University 38 39 “Does Fiscal Decentralization Affect “Can Local Industrial Policy Improve Infrastructure Quality?: An Examination Local Economy: A Case Study in of U.S. States” Taiwan" PETER CALCAGNO, College of YU-HSI LIU, National Sun Yat-sen Charleston University MONICA ESCALERAS, Florida Atlantic CHIEN-YUAN SHER, National Sun Yat- University sen University

“Comparison of Single-Payer and Non Tuesday 3.A.S Single-Payer Health Care System: A 8:00-9:15 am Academy in Anarchy? \ Study about Health Administration Ef­ Skyview 2 ficiency” Session Chair: \ JIA YU, Christopher Newport University JOSHUA C. HALL, West Virginia Urii Yl ZHANG, Discover Financial Services versity “Convergence From Above: Institutions Papers: and Post-Conflict Recovery” “The Myth of the Higher Ed Job Market COLIN W. O’REILLY, University of Crunch: How Entry Barriers & Rent Wisconsin-Stout Seeking Sustain AcademicEmploy- MICAH DELVECCHIO, Saginaw Valley ment” State University PHILLIP W. MAGNESS, Institute for Humane Studies Tuesday 3.A.7 “Academia in Anarchy: 45 Years On” 8:00-9:15 am Fiscal Federalism and Decentraliza­ JOSHUA C. HALL, West Virginia Uni­ Skyview 1 tion versity Session Chair: ■ c “How Academia in Anarchy Came to PETER CALCAGNO, College of Be: Buchanan and Devletoglou on Charleston Higher Education in a Time of Crisis” 3 PETER BOETTKE, George Mason Papers: University “Local Governments and MSA Eco­ ALAIN MARCIANO, Universite de nomic Freedom: A Test of the Leviathan Montpellier Hypothesis” JEAN-BAPTISTE FLEURY, University DEAN STANSEL, Southern Methodist of Cergy-Pontoise University BRADLEY K. HOBBS, Florida Gulf Coast University Tuesday 3.A.9 ADAM MILLSAP, Mercatus Center 8:00-9:15 am Fixing The Federal Reserve Skyview 3 y “Freedom in the 50 States: Economic Session Chair: Freedom, Growth, and Migration” JOHN A. TATOM, Institute for Applied WILL RUGER, Charles Koch Institute/ \ Economics, Johns Hopkins University Foundation Papers: JASON SORENS, Dartmouth College I “Fixing the Fed?” “Interjurisdictional Competition and R. CHRISTOPHER WHALEN, Kroll Local Economic Growth: A Spatial Bond Rating Agency Econometric Analysis” TODD M. NESBIT, The Ohio State “Polycentric Banking and Madfoeco- University nomic Stability” DEAN STANSEL, Southern Methodist ALEXANDER WILLIAM SALTER, University Texas Tech University VLAD TARKO, Dickinson College

41 40 “The Fed’s Dirty Little Secret” DAV.ID BECKWORTH, Western Ken­ Tuesday 3.C.1 10:25-11:40 Applied Economics tucky University am “An Evaluation of Friedman’s Monetary Palace 1 Session Chair: Instability Hypothesis” ROBERTA. LAWSON, Southern Meth­ JOSHUA HENDRICKSON, University odist University of Mississippi Papers: “Measurement, Accountability and “Modeling U.S. and Foreign Multina­ Guardrails: Nudging the Fed toward a tionals in an OLG-CGE Model” Rules-Based Policy Regime” JOHN DIAMOND, Rice University SCOTT SUMNER, Mercatus Center at George Mason University “A Discussion of Immigrant Detention Centers in the United States” KELLEY RANAGER, George Mason Tuesday 3.A.10 * University 8:00-9:15 am Millennials: How to Engage them in *EE the Study of the Free Market? “The Deception of Government Pro­ Skyview 4 vided Quality and Safety Assurances” Session Chair: PAULA. CLEVELAND, Birmingham- GABRIEL CALZADA, Universidad Southern College Francisco Marroquin THOMAS TACKER, Embry-Riddle Aeronautical University Papers: “Engaging Students in the Learning “Interstate Migration in Response to of the Ethical Principles of Classical the Legalization of Same Sex Marriage Liberalism” and Recreational Marijuana Use: 2005 CARLA HESS, Universidad Francisco -2013” Marroquin DAVID CAMPBELL, Milligan College “Harry Potter and the Diffusion of Lib­ eral Principles” Tuesday ALBERTO GARIN, Universidad Fran­ 10:25-11:40 Microeconomics II cisco Marroquin am ERIC C. GRAF, Universidad Francisco Palace 2 Session Chair: Marroquin M. GARRETT ROTH, Gannon Univer­ sity “Gresham’s Law in Don Quixote" ERIC C. GRAF, Universidad Francisco Papers: Marroquin “A Primer on the Tax Foundation’s Taxes and Growth General Equilibrium “OMMA: Four Years of Successful Model” Online Education in Free Market Prin­ ALEX DURANTE, Tax Foundation ciples” GONZALO MELIAN MARRERO, “Is the Effect of Income on Democracy OMMA (Centro Online de Madrid Heterogeneous?” Manuel Ayau) HUGO MOISES MONTESINOS-YUFA, Florida State University HUGO JOAQUIN FARIA, University of Tuesday 3.B.11: Plenary II Miami 9:20-10:20 “License to Work: A Monopolist’s Best am Friend” “Heuristics and Biases: Understanding Skyview 5 WILLIAM H. MELLOR the Market Economy” Institute for Justice SLAVISA TASIC, University of Mary

42 43 I Papers: “Free Riders: The Political Economy of “Private Security and the Provision of 11 % Motorcycle Clubs” International Public Goods” ENNIO EMANUELE PIANO, Mercatus GREG DEANGELO, West Virginia Center at George Mason University University ‘To Each According to their Ability? TAYLOR L. SMITH, Texas Tech Uni- Salary Egalitarianism and Research versify Output in Higher Education” “Punitive Federalism” M. GARRETT ROTH, Gannon Univer- DANIEL J. D’AMICO, Brown University I sity WILLIAM P. MCANDREW, Gannon “Whether Weather Stops Cops” University MATT E. RYAN, Duquesne University “Civil Forfeiture: Making Ends Meet Tuesday |3.C.3 Given Law Enforcement Budgetary 10:25-11:40 Crony Capitalism II Constraints” ( am GIZELLE F. PERRETTI, Florida Gulf Palace 3 Session Chair: Coast University „ JULIA R. NORGAARD, Mercatus Cen­ CARRIE B. KEREKES, Florida Gulf ter at George Mason University | Coast University | Papers: “Compounding Force: The Individual’s Tuesday 3.C.5 I Corruption of Systems” 10:25-11:40 Ayn Rand vs. John Steinbeck JOSHUA HERBISON, Austin Peay am I State University Palace 5 Session Chair: JENNIS BISER, Austin Peay State EDWARD J. L6PEZ, Western Carolina I University 1 University DENNIS PEARSON, Austin Peay State Panelists: | University I “Film Adaptations of . “Using Tax Dollars for Re-election: The and The Grapes of Wrath: Social Jus­ Impact of Pork-Barrel Spending on tice in the Picturization of the Novel of I Electoral Success” Ideas 1940-1949” J. ZACHARY KLINGENSMITH, Penn ROBERT F. MULLIGAN, Western I State Behrend Carolina University “The Political Economy of the Rent- “Teaching Comparative Systems I Selling State” Through Comparative Literature” RICHARD MICHAEL SALSMAN, Duke PETER BOETTKE, George Mason | University University “Modeling TOR Traffic as a Proxy for “Public Choice and Price Theory in I Country Wide Fluctuations and Corrup- and The Grapes of I tion” Wrath” JULIA R. NORGAARD, Mercatus Cen­ EDWARD J. L6PEZ, Western Carolina ter at George Mason University University SARAH SKWIRE, Liberty Fund, Inc. Tuesday 3.C.4 10:25-11:401 Security, Law Enforcement, and am I Criminal (In)Justice Tuesday 3£. 10:25-11:40 Political Economy Palace 4 Session Chair: am Session Chair: CARRIE B. KEREKES, Florida Gulf Palace 6 MARK ZUPAN, University of Rochester Coast University

45 44 Papers: Papers: “Funds Freedom: The Case for Giving “Political Incentives for Rent Creation” Ordinary Investors More Choice in As­ RANDALL G. HOLCOMBE, Florida set Management” State University GEORGE BRAGUES, University of “The Appeal of Costly Government Guelph-Humber Projects to Voters” “Long Term Dependency Structure and DWIGHT R. LEE, Southern Methodist University _ Structural Breaks: Evidence from US Sector Returns and Volatility” J.R. CLARK, The University of Tennes­ GEOFFREY NGENE, Mercer Univer­ see at Chattanooga sity “Evidence on the Empirical Content of “Examining the Portfolio Effects of Risk- Dynastic Fertility Model-Derived Mea­ Based Capital Regulation” sures of Human Capital: Earnings of KRISTINE JOHNSON, Mercatus Cen­ Whites and Blacks in*the United States 1940-2000” ter at George t\jason University ROBERT TAMURA, Clemson Univer­ “Say Yes to Drugs: Using the State to sity Keep Out Pioneering Drug Addiction Treatments” “Inside Job: How Government Insiders FELER BOSE, Anderson University Subvert the Public Interest” MARKZUPAN, University of Rochester Tuesday 3.C.9 Tuesday 3.C.7 10:25-11:40 Central Banking: Myths and Reality am 10:25-11:40 Labor Markets and Health Insurance Session Chair: am Markets Skyview 3 Skyview 1 GABRIEL CALZADA, Universidad Session Chair: Francisco Marroquin JOHN GAREN, University of Kentucky Papers: Papers: ‘“Narrow Banking’ as an Institutional Improvement” “Medicaid Program Choice and Partici­ pant Inertia” LEONIDAS ZELMANOVITZ, Liberty Fund, Inc. AARON YELOWITZ, University of Kentucky “Central Banks as Creators of Moral Hazard in the Financial System: Myth “Has the Affordable Care Act Caused a or Reality? A Comparative Case of Shift to Part-Time Work?” Guatemala and El Salvador” DAVID MACPHERSON, Trinity Univer- CLYNTON R. L6PEZ FLORES, Univer­ , sity sidad Francisco Marroquin “The Federal-Private Wage Differential: “Central Bank as a Carry Trade Spon­ How Has It Evolved?” sor; the Cyprus Case" JOHN GAREN, University of Kentucky DANIEL FERNANDEZ, Universidad “Is Social Security Wealth?” Francisco Marroquin ANDREW RETTENMAIER, Texas A&M University “The Myth of Central Bank Control Over Interest Rates” JEFFREY ROGERS HUMMEL, San Tuesday 3.C.8 Jose State University 10:25-11:40 Financial Regulation am “A Note on Monetary Theory and Policy Skyview 2 Session Chair: in a Global Fiat Currency Regime” KRISTINE JOHNSON, Mercatus Cen­ CHRISTOPHER LINGLE, Universidad ter at George Mason University Francisco Marroquin 47 46 VI

Tuesday! 3.C.10 10:25-11:401 Using Social Entrepreneurship to B. Future Sites: ami Reach Non-Traditional Audiences in 2017—Maui, Hawaii *EE he Classroom and the “Real World” J.R. CLARK Skyview 4 1 Secretary/Treasurer I Moderator: New Business SAMUEL R. STALEY, Florida State A. Distinguished Scholar Award University Introduction Papers: • GERALD P. O’DRISCOLL, JR. “Teaching Entrepreneurship Using New Vice President Ideas from Dead CEOs” Presentation I E.F. STEPHENSON, Berry College DOUGLAS J, DEN UYL President | Panelists: Recipient “In Missionary Work-Poverty Cure” JERRY L. JORDAN | JONATHAN MOODY, Acton Institute Pacific Academy for Advanced In Philanthropy: Economic Opportu- Studies I nity” B. Kent-Aronoff Service Award | JO KWONG, Philanthropy Roundtable Introduction “In Policy: Working Across Aisles” BENJAMIN POWELL TODD DAVIDSON, State Policy Net- . Texas Tech University I work Presentation DOUGLAS J. DEN UYL “In the Classroom: Florida State Uni- I versity” President Recipient I SAMUEL R. STALEY, Florida State EDWARD STRINGHAM I University Trinity University

Tuesday 3.D.13 C. Undergraduate Research Competition Awards 11:45 am- Luncheon and APEE Business Meet- 1:15 pm ng Introduction Skyview 5/6 f NIKOLAI WENZEL Florida Gulf Coast University I Call to Order Presentation DOUGLAS J. DEN UYL DOUGLAS J. DEN UYL President President I In Memoriam of Giancarlo Ibarguen D. Other New Business DOUGLAS J. DEN UYL | Minutes of 2015 Business Meeting President J.R. CLARK Secretary/Treasurer E. Election of Officers and Executive Committee Treasurer’s Report J.R. CLARK J.R. CLARK Secretary/Treasurer Secretary/Treasurer F. Past President’s Award I Old Business Presentation A. The Journal of Private Enterprise GERALD P. O’DRISCdtL, JR. EDWARD STRINGHAM 2016-2017 President Editor Recipient GERALD GUNDERSON DOUGLAS J. DEN UYL Associate Editor 2015-2016 President

48 49 Adjourn “The Ethical Foundations of the Eco­ • GERALD P. O’DRISCOLL, JR. nomics of John Maynard Keynes* 2016-2017 President HADLEY T. MITCHELL, Taylor Univer­ sity Tuesday Registration “Let Us Eat and Drink, for Tomorrow 1:15-2:00 pm We Die” Skyview JOHN LUNN, Hope College Foyer “The Consequences of Keynes” PATRICK NEWMAN, George Mason Tuesday 3.E.1 University 1:20-2:35 pm Poverty and Welfare PETER BOETTKE, George Mason Palace 1 University Session Chair: PAOLAA. SUAREZ, George Mason University Tuesday 3.E.3 1:20-2:35 pm Regulating dhoice Papers: Palace 3 “The Emergence of the 19th Century Organizer(s): Private Charity System in Boston: The TODD M. NESBIT The Ohio State Roles of Love of Self and Love of Oth­ University ers” CLIFFORD F. THIES, Shenandoah Session Chair: University ADAM HOFFER, University of Wiscon- sin-La Crosse “Community Opportunity Ratio: Mea­ suring Opportunity Versus Relief Efforts Papers: for Poverty Reduction” “State Scope of Practice Rules for RUSS MCCULLOUGH, Ottawa Uni­ Advanced Nurse Practitioners and versity Outcomes” DAVID MITCHELL, ACRE “Corporate Social Responsibility: Consumer Oversight and the Substitut­ “Regulatory Complexity as a Negative ability of Giving Channels” Externality” LUCAS RENTSCHLER, Universidad PATRICK MCLAUGHLIN, Mercatus Francisco Marroquin Center at George Mason University STEPHEN M. JONES, Mercatus Cen­ Panelists: ter at George Mason University LAWRENCE MCQUILLAN, Indepen­ dent Institute “What Do Legislators Maximize: The Case of Regulation” DAVID MITCHELL, ACRE Tuesday 3.E.2 1:20-2:35 pm Keynes and Moral Issues I “Rent Seeking in Regulation” Palace 2 TODD M. NESBIT, The Ohio State Session Chair: University VICTOR V. CLAAR, Henderson State NICHOLAS ARTHUR SNOW, Kenyon University College Papers: “An End to Scarcity? Keynes’ Moral Tuesday 3.E.4 Critiques of Capitalism and its Ambigu­ 1:20-2:35 pm Entrepreneurship ous Legacy” Palace 4 EDD NOELL, Westmont College Session Chair: MICHAEL CRUM, Northern Michigan University

50 51 Papers: “Worker Quality, Wage and the Educa­ “Teaching Private Enterprise in (Spite tion Premium in the United States, of) a Public Institution” 1980-2005” THOMAS NELSON, University of ZHIQI ZHAO, Clemson University Cincinnati “Toward a Theory of Self-Sustaining Tuesday 3.E.6 Development” 1:20-2:35 pm Establishing a Successful Academic MARY BOARDMAN, University of Palace 6 Center South Florida Moderator: “Personal Wealth and Entrepreneur­ CHARLIE RUGER, Charles Koch Insti- ship” tute/Foundation JOHN M. MUELLER, Cal State Fresno Panelists: “Honor and Virtue in the Practice of “Center at the University of Texas, Entrepreneurship” Austin” ( FELIX R. LIVINGSTON, Flagler Col­ RYAN STREETER, University of Texas lege at Austin “Country-Level Institutions and Rela­ “Building a Successful Center on a tionship between Happiness and Self­ Shoestring Budget” Employment” HOWARD J. WALL, Hammond Institute MICHAEL CRUM, Northern Michigan for Free Enterprise, Lindenwood Uni­ University versity NICK GAUTHIER, Northern Michigan University “Center at the University of Louisville” STEPHAN GOHMANN, University of Tuesday 3.E.5 Louisville 1:20-2:35 pm Topics in Labor Economics Palace 5 Tuesday 3.E.7 Session Chair: 1:20-2:35 pm (West) Virginia Political Economy RAYMOND J. MARCH, Texas Tech Skyview 1 University Session Chair: BRYAN C. MCCANNON, West Virginia Papers: University “A Decentralized Approach to a Na­ tional Problem: Refugee Resettlement Papers: in the Washington, D.C. Metro Area” “Source of Deviant Behaviors” JENA KELLY, Mercatus Center at PERRY FERRELL, West Virginia George Mason University University VIRGIL STORR, Mercatus Center at “Taking on the Boss: Incumbent Entry George Mason University in Prosecutor Elections” “Analysis of Expressed Hiring Issues JOYLYNN PRUITT, West Virginia and The Impact on Business Growth, University with Implications for the Government “Endogenous Competence and a Limit Funding of Workforce Development to the Condorcet Jury Theorem” Programs” PAUL R. WALKER, West Virginia, DAVID EDWARD MCFEELY, DeVry University University MEGHNA VIRICK, San Jose State “Double-Dealing Doctors? Pharmaceu­ University tical Marketing and Procedure Pricing Variance” CHRISTOPHER YENCHA, West Vir­ ginia University

52 53 “Economic Freedom and Growth: The “Why International Economic Institu­ Sinuous Oriental Dragon” tions?” YANG ZHOU, West Virginia University RAMON P. DEGENNARO, The Univer­ sity of Tennessee Tuesday 3.E.8 “Financial Innovation” 1:20-2:35 pm New Books from APEE Members TIM WEITHERS, Chicago Trading Skyview 2 Company Organizer(s): EDWARD PETER STRINGHAM, Trinity “The Blockchain and FinTech” College GERALD P. DWYER, Clemson Univer­ sity Session Chair: EDWARD PETER STRINGHAM, Trinity College Tuesday 1:20-2:35 pm in Economic Education Papers: *EE “Discussion of Community Revival in Skyview 4 Session Chair: the Wake of Disaster: Lessons in Local KATHALEENA EDWARD MONDS, Entrepreneurship (Palgrave Macmil- Albany State University lian)” VIRGIL STORR, Mercatus Center at Papers: George Mason University “Teaching Derived Demand and the STEFANIE J. HAEFFELE-BALCH, Invisible Hand” George Mason University DOUGLAS MACKENZIE, Carroll Col­ LAURA GRUBE, Beloit College lege “Discussion of The Economics of “Answer This: Using Online Discussion Immigration (2015, Oxford University Boards to Improve Classroom Out­ Press)” comes” BENJAMIN POWELL, Texas Tech JOHN B. ESTILL, San Jose State University University “Discussion of Choice (2016, Indepen­ “Preparing Lyric Videos” dent Institute)” BRIAN O’ROARK, Robert Morris Uni­ ROBERT MURPHY, Texas Tech Uni­ versity versity . WAYNE GEERLING, Pennsylvania State University “Discussion of Private Governance G. DIRK MATEER, University of Ari­ (2015, Oxford University Press)” zona EDWARD PETER STRINGHAM, Trinity College “Honorable Entrepreneurship Program at Flagler College” NICK PANEPINTO, Flagler College Tuesday 3.E.9 FELIX R. LIVINGSTON, Flagler Col­ 1:20-2:35 pm Financial Innovation and Regulation lege Skyview 3 Session Chair: “Exploring Free Market Education: GERALD P. DWYER, Clemson Univer­ Belize Study Abroad” sity KATHALEENA EDWARD MONDS, Albany State University t Papers: “Financial Market Regulation: Capture, Cronyims or Both?” NORBERT MICHEL, Heritage Founda­ tion

54 55 Tuesday 3.F.1 “The Economic Eugenicism of John 2:40-3:55 pm Dystopian Economics Maynard Keynes” Palace 1 PHILLIP W. MAGNESS, Institute for Session Chair: Humane Studies KIM HOLDER, University of West SEAN J. HERNANDEZ, Harris Eco­ Georgia nomics Group Papers: “Discovering the Economic Secrets of Tuesday 3.F.3 the Thunderdome: Mad Max” 2:40-3:55 pm History of Ideas I G. DIRK MATEER, University of Ari­ Palace 3 zona Session Chair: “Exploring Dystopian Economics in BRANDON BRICE, Florida State Literature: Divergent and The Hunger University Games" Papers: KIM HOLDER, University of West “A Free Market Requires Voluntary Georgia Actions” BRIAN O’ROARK, Robert Morris Uni­ STEFAN K. SL0K-MADSEN' Copen­ versity hagen Business School JEFF CLEVELAND, Howard Commu­ nity College “Conceptualizing : An Exploratory Analysis of a Contested “Walking Dead: Illustrating the Impor­ Research Program” tance of Property Rights and Rule of JOHN PATRICK HIGGINS, Mercatus Law” Center at George Mason University TAWNI HUNT FERRARINI, Northern PAUL DRAGOS ALIGICA, George Michigan University Mason University “Does Marx Support Crony Capitalism Tuesday 3.F.2 as a Precursor to Communism?” 2:40-3:55 pm Keynes and Moral Issues II DAVID CHAD NIEDERKORN, Univer­ Palace 2 sity of Dallas Session Chair: VICTOR V. CLAAR, Henderson State “On the Methodological Evolution of University Economic Publications Since 1950: Evidence from the AER, QJE, and JPE” Papers: BRANDON BRICE, Florida State “Economics without Morals: A Brief His­ University tory of Thought from Smith to Keynes” HUGO MOISES MONTESINOS-YUFA, ROBERT BLACK, Houghton College Florida State University “The Demoralizing Trap of Keynesian­ ism” Tuesday 3.F.4 DANIEL JOSEPH SMITH, Troy Univer­ 2:40-3:55 pm A Christian Case for Religious and sity Palace 4 Economic Freedom SEAN P. ALVAREZ, Troy University “The Anthropology of Lord Maynard Session Chair: Keynes Compared to a Biblical Per­ ANNE R. BRADLEY, Institute for Faith, spective of the Human Person” Work & Economics v. DAVID S. KOTTER, Colorado Christian University

56 57 Papers: Tuesday 3.F.6 “Institutional Trinity: Is Religious Free­ 2:40-3:55 pm Scholarship at the Crossroads of dom Less Important than Economic or Palace 6 Policy and Academia Political Freedom?” JOSEPH CONNORS, St. Leo Univer­ Session Chair: sity MICHAEL VAN BEEK, Mackinac Cen­ ANNE R. BRADLEY, Institute for Faith, ter for Public Policy Work & Economics Papers: “The First Amendment Now More than “Impact of Energy Mandates on Ohio Ever: The Case for Expanding Reli­ Businesses and Families” gious Liberty as Government Expands REA HEDERMAN, Buckeye Institute and Social Attitudes Shift” “The Effect of State Taxes on Chari­ DOUG BAN DOW, Cato Institute table Giving” “Regulation, Competition, and the JONATHAN WILLIAMS, American Gospel” Legislative Exkhange Council ART CARDEN, Samford University WILLIAM FREELAND, American Legis­ lative Exchange Council ’ “Cronyism and the Minimum Wage” BEN WILTERDINK, American Legisla­ JOY BUCHANAN, George Mason tive Exchange Council University “Are State Promotion Efforts Effective?” Tuesday MICHAEL LAFAIVE, Mackinac Center 2:40-3:55 pm Liberal History and Economics: for Public Policy Palace 5 Where are the Gains from Trade MICHAEL HICKS, Ball State University Panelists: Session Chair: “How Academics and Policy Centers MATTHEW BROWN, Academy on Can Benefit Each Other” Capitalism and Limited Government MICHAEL VAN BEEK, Mackinac Cen­ Foundation ter for Public Policy Panelists: “Austrian Subjectivism in Historical Tuesday 3.F 7 Context” 2:40-3:55 pm Successful Models of Programs in HANS EICHOLZ, Liberty Fund, Inc. Skyview 1 Private Enterprise “Yes, Virginia, There is a Law Mer­ Session Chair: chant” GERALD GUNDERSON, Trinity Col­ BRUCE BENSON, Texas Tech Univer­ lege sity Panelists: “The Evolution of American Liberalism RYAN STOWERS, Charles Koch Insti- in the Nineteenth Century” tute/Foundation SCOTT SCHUBITZ, Florida State University. STEVE GOHNMAN, University of Louisville “Smith, Marx, and North: Toward a Robust Economic Theory of Social JOHN GAREN, University of Kentucky Change” MATTHEW BROWN, Academy on BRAD THOMPSON, Clemson Univer­ Capitalism and Limited Government sity Foundation GERALD GUNDERSON, Trinity Col­ lege

58 59 Tuesday 3.F.8 “Breakthrough in Macroeconomics: 2:40-3:55 pm Economic History I The Feds Start to Measure Hayek's Skyview 2 Triangles and Fisher’s Transactions!” Session Chair: MARK SKOUSEN, Chapman Univer­ SANFORD IKEDA, Purchase College, sity State University of New York Papers: Tuesday 3.F.10 “Legislation Designed for Her Protec­ 2:40-3:55 pm If It Matters, Measure It: The Eco­ tion: Ideology and Interests in Progres­ *EE nomic Way of Thinking sive Era Regulation of Women’s Labor” Skyview 4 JAYME LEMKE, Mercatus Center at Session Chair: George Mason University SCOTT NIEDERJOHN, Lakeland Col­ lege “Private Malaria Prevention in the United States, 1910-T920” Papers: BYRON CARSON, George Mason “If It Matters, Measure It: An Assess­ University ment of Economic Reasoning” ASHLEY S. HARRISON, The-Univer- “Cities, Agriculture, & Entrepreneur­ sity of Tennessee at Chattanooga ship” SANFORD IKEDA, Purchase College, “Thinking Through The Economic Way State University of New York of Thinking-Teaching and Training Teachers” PETER BOETTKE, George Mason Tuesday 3.F.9 University 2:40-3:55 pm Austrian Macroeconomics Skyview 3 “The Common Sense Economics Tools Session Chair: for Assessing the Economic Way of WILLIAM J. LUTHER, Kenyon College Thinking” SIGNE THOMAS, Florida State Uni­ Papers: versity “Interest Rates and Investment Coor­ dination Failures: Bohm-Bawerk and “A Test of Economic Thinking: Econom­ Wicksell in an Option Games Frame­ ic Episodes in American History” work” SCOTT NIEDERJOHN, Lakeland Col­ JOSHUA HENDRICKSON, University lege of Mississippi MARK C. SCHUG, University of Wisconsin-Milwaukee “First-Round Effects of Changes in the Money Supply: A Diagrammatic Framework” Tuesday 3.F.11 > SIMON BILO, Allegheny College 2:40-3:55 pm Economic Development II Skyview 5 “Towards an Austrian Theory of the Session Chair Great Recession” ROBERTA. LAWSON, Southern Meth­ GARRETT MALCOM PETERSEN, odist University Simon Fraser University ASH NAVABI, George Mason Univer­ Papers: sity “Intelligence vs. the ‘Degree of Capi­ talism’ as a Determinant of Ecortpmic “Monetary Policy Since the Crisis: Re­ Growth: An Updated Cross-National peating the Same Mistakes?” Regression Analysis” CHRIS KUIPER, Mercatus Center at GREGORY CHRISTAINSEN, Cal State George Mason University East Bay

60 61 “The Impact of Durable Goods on Child Tuesday 3 .0 2 Education in China” 4:00-5:15 pm Environmental Economics AMANDA C. KERR, Clemson Univer­ Palace 2 sity Session Chair: “Venezuela: An Economic Freedom JACOB FISHBECK, Utah State Uni­ Approach” versity HUGO MOISTS MONTESINOS-YUFA, Papers: Florida State University “The Second Ehrlich-Simon Bet: Who “Turmoil of the Times” Would Have Won?” NICHOLAS PUSATERI, George Mason VINCENT GELOSO, London School of University Economics and Political Science CALEB FULLER, George Mason PIERRE DESROCHERS, University of University Toronto “Trends in Wage Premium in India” “Reliability of Renewable Energy” SMRITI BHARGAVA, Clemson Univer­ JORDAN LOFTHOUSE, Utah State sity University “Market Process in Reverse Supply Tuesday 3.G.1 Chains for Electronic Waste” 4:00-5:15 pm Student Generated Projects PATRICK O'REILLY, Colorado School Palace 1 of Mines Session Chair: “The Economic Impact of the Renew­ KIM HOLDER, University of West able Fuel Standard on Corn Belt Coun­ Georgia ties” Papers: LANDON STEVENS, Strata Policy “Using Animated Flash Cards to En­ “The High Quality of the Environment” hance Student Learning” JACOB FISHBECK, Utah State Uni- WAYNE GEERLING, Pennsylvania State University BRIAN O’ROARK, Robert Morris Uni­ versity Tuesday 3.G.3 > " / 4:00-5:15 pm History of Ideas II “Tips & Tricks for Launching Student Palace 3 Projects” Session Chair: DARSHAK PATEL, University of Ken­ BRANDON BRICE, Florida State tucky University JADRIAN WOOTEN, Pennsylvania State University Papers: “What is New in Happiness Econom­ “Art of Econ: Illustrations and Examples ics?” for Differentiated Assessment” NIMISH ADHIA, Manhattanville College KIM HOLDER, University of West Georgia “Adam Smith’s Criticism of the Public ABDULLAH AL-BAHRANI, Northern Education Movement: A Revision to Kentucky University Smithian Scholarship” SCOTT DRYLIE, George Mason Uni­ “Connecting Economics, Painting, versity • and Sculpture: Some Guidelines and Results From Rome” “Injunctive and Descriptive Social DAVID E.R. GAY, University of Arkan­ Norms regarding Cheating: Cross Cul­ sas tural Evidence” DIEGO AYCINENA, Universidad Fran­ cisco Marroquin

62 63 “Exploring the Incentives Behind “Discrimination in Service Provision to Academic Citations: Evidence from the Disabled Individuals: Does the Sharing AER, QJE, and JPE' Economy Help?” BRANDON BRICE, Florida State MICHAEL FARREN, Mercatus Center University at George Mason University HUGO MOISES MONTESINOS-YUFA, Florida State University “Quantifying the Effects of Regime Un­ certainty during the Great Depression” DOUGLAS MACKENZIE, Carroll Col­ Tuesday 3.G.4 lege 4:00-5:15 pm Law & Economics I Palace 4 “The Whiff from the Empty Bottle: Re­ Session Chair: newing the Sea Breeze of Dynamism” LIYA PALAGASHVILI, SUNYPurchase ARTHUR M. DIAMOND, University of College . Nebraska Omaha Papers: ( “Energy Regulation and Economic Tuesday 3.G.6 Growth” 4:00-5:15 pm Virginia School of Political Econo­ Palace 6 MICHAEL JENSEN, Strata Policy (Utah my: The Next Generation I State University) Session Chair: “Fetal Attraction: Property Rights in PETER BOETTKE, George Mason Adoption” University KELSEY ROBERTS, Clemson Univer­ sity Papers: “The Political Economy of the Uncon­ “Tech Entrepreneurs and the Regula­ scionable Contract: The Ratchet Down tory State” Effect in Legal Thresholds” LIYA PALAGASHVILI, SUNY Purchase ALEXANDER C. CARTWRIGHT, College Mercatus Center at George Mason “The Impact of Judiciaries on Domestic University Economic Regulations” “Expansionary Monetary Policy at the JAMES RUHLAND, Texas Tech Uni­ Federal Reserve in the 1920s” versity PATRICK NEWMAN, George Mason University Tuesday 3.G.5 “Child Bride Marriages and Female 4:00-5:15 pm Industrial Organization I Welfare” Palace 5 PAOLAA. SUAREZ, George Mason Session Chair: University > ARTHUR M. DIAMOND, University of Nebraska Omaha “The Political Economy of Italian Unifi­ cation: Land Reform and The Dynamics Papers: of Interventionism” “Does Competitive Bidding Make the ROSOLINO CANDELA, George Mason Market Less Competitive? The Case of University Medicare” JOSEPH COLEMAN, University of South Florida Tuesday 3.G.7 5 4:00-5:15 pm Economics on Stage: Moonlight and “Facilitating or Limiting Competition: Skyview 1 Magnolias Rules on Advertising and Unfair Com­ petition” Session Chair: HUGO A. EYZAGUIRRE, Northern SARAH SKWIRE, Liberty Fund, Inc. Michigan University

64 65 Panelists: “Transitioning a National Currency to ROBERT ANTHONY PETERS, Peters Bitcoin with Dollarization or a Currency Sausage Company Board” CHUCK MOULTON, George Mason STEVEN HORWITZ, St. Lawrence University University “Money Unbound: The Impact of MICHAEL C. MUNGER, Duke Univer­ Technological Innovations on Monetary sity Alternatives in LDCs” SARAH SKWIRE, Liberty Fund, Inc. SCOTT A. BURNS, Mercatus Center

Tuesday 3.G.8 Tuesday 3.G.10 4:00-5:15 pm Economic History II 4:00-5:15 pm Critical Teaching that Engages the Skyview 2 *EE Critical Thinker Session Chair: Skyview 4 FEDERICO FERNANDEZ, Austrian Moderator: »' Economics Center COLLEEN E. HAIGHT, San Jose State University r Papers: “How Academia Kills Creativity” Panelists: MICHAEL J. DOUMA, Georgetown MIKE JERBIC, San Jose State Univer­ University sity . “Putting a Lid on the Melting Pot: Politi­ “Teaching and Mentoring” cal Economy of Immigration in the U.S. COLLEEN E. HAIGHT, San Jose State 1875-1925” University ZAC GOCHENOUR, Western Carolina University Tuesday 3.G.11 “The Years We Lived Dangerously: 4:00-5:15 pm Economic Development III Argentina Between 2002 and 2015” Skyview 5 FEDERICO FERNANDEZ, Austrian Session Chair: Economics Center NATHAN P, GOODMAN, Center for a BARBARA KOLM, Austrian Economics Stateless Society Center Papers: “Disincentives to Business Develop­ Tuesday 3.G.9 ment in the Navajo Nation” 4:00-5:15 pm Monetary Regimes and Policy SIERRA HOFFER, Utah State Univer­ Skyview 3 sity Session Chair: DEVIN STEIN, Strata WILLIAM J. LUTHER, Kenyon College “On Economic and Political Freedom: A Papers: Vector Autoregression Approach” “Needed: A Federal Reserve Exit from HUGO MOISTS MONTESINOS-YUFA, Preferential Credit Allocation” Florida State University LAWRENCE H. WHITE, George Mason ARTHUR NELSON, Florida State University University “On the Microfoundations of Money “Sowing Weeds: A Theological and Supply Adjustments” Moral Analysis of Barriers to Entry” CAMERON HARWICK, George Mason DYLAN PAHMAN, Acton Institute University

66 67 “ in Things, But Not Ideas: “Institutional Rule Changes in Local The Rise of Intellectual Property Pro­ Elections” tectionism in Free Trade Agreements” NICHOLAS HILTON, Utah State Uni­ NATHAN P. GOODMAN, Center for a versity Stateless Society RYAN MERLIN YONK, Utah State ASH NAVABI, George Mason Univer­ University sity “City Competition and Population Decline” Tuesday 3.H.1 ADAM MILLSAP, Mercatus Center 5:20-6:35 pm Economic Topics Palace 1 Session Chair: Tuesday 3.H.3 5:20-6:35 pm JOHN A. PARNELL, The University of Trust and Private Contract Enforce­ North Carolina at Pembroke Palace 3 ment

Papers: Session Chair “The Selfish Gene and Bounded Ra­ PETER CALCAGNO, College of tionality: The Implications for Rational Charleston - . Egoism” JEFFREY OVERALL, Nipissing Uni­ Panelists: versity BRAD DEVOS, Bastiat Society “Becoming a Social Enterprise: When GUILLERMO PANTING, Bastiat Soci­ ety Traditional Nonprofits Harness the Market Mechanism” MICHAEL C. MUNGER, Duke Univer­ PHILIP ROUNDY, The University of sity Tennessee at Chattanooga “A Free Enterprise Perspective on the Tuesday 3.H.4 Climate Change Debate” 5:20-6:35 pm Law & Economics II JOHN A. PARNELL, The University of Palace 4 North Carolina at Pembroke Session Chair: ANDREW YOUNG, West Virginia “A Conclusive Argument on Why Price University Is the Dependent Variable in Free Mar­ ket P-Q Graphs” . Papers: MIKE JERBIC, San Jose State Univer­ “Bias in the Enforcement of Drug sity Crimes: Evidence from Low Priority Laws” Tuesday i.H.2 AMANDA ROSS, West Virginia Univer­ sity 5:20-6:35 pm- General Economics Palace 2 GREG DEANGELO, West Virginia Session Chair: University ADAM MILLSAP, Mercatus Center KAJ GITTINGS, Texas Tech University ANNE WALKER, University of Colo­ Papers: ' rado Boulder “The Cost of Renewable Portfolio Stan­ dards in Michigan” “Specialized and Community Enforce­ JACOB FISHBECK, Utah State Uni­ ment” versity GREG DEANGELO, West Virginia University

68 69 “Regulation, Regime Uncertainty, and Papers: DaHy Fantasy Sports” “Bite the Hand that Fed You: A Public CALEB WATNEY, Mercatus Center Choice Perspective on the Fed’s Un­ CHRISTOPHER KOOPMAN, George conventional Policy ‘Twist’” Mason University School of Law SCOTT A. BURNS, Mercatus Center JIM PAG ELS, Mercatus Center LAWRENCE H. WHITE, George Mason “Reading Between the Lines: Measur­ University ing Bureaucratic Drift” “The Perils of Privacy Regulation” STEPHEN IV1. JONES, Mercatus Cen­ CALEB FULLER, George Mason ter at George Mason University University “Medieval Monarchy in Relation to the “Federal Homelessness Policy: A Ro­ Law” bust Political Economy Approach” ANDREW YOUNG, West Virginia DAVID LUCAS, Mercatus Center at University ’ George Mason University ALEXANDER WILLIAM SALTER, I Texas Tech University “The Code of Vendetta: An Economic Analysis of the Customary Law of Rural Sardinia” Tuesday 3.H.5 ENNIO EMANUELE PIANO, Mercatus 5:20-6:35 pm Industrial Organization II Center at George Mason University Palace 5 Session Chair: STEWART DOMPE, George Mason Tuesday 3.H.7 University 5:20-6:35 pm Who Owns the Past? Skyview 1 Papers: Session Chair: “The Fable of the Packets: A New GABRIEL CALZADA, Universidad Institutional/Market Process Approach Francisco Marroquin to Network Neutrality” NICHOLAS KROSSE, Mercatus Center Papers: at George Mason University “A Manifesto of Liberal History” ALBERTO GARIN, Universidad Fran­ “(How) Would the New Hampshire cisco Marroquin Model of Free Market Casino Legaliza­ ERIC C. GRAF, Universidad Francisco tion Work?” . Marroquin DOUG WALKER, College of Charles­ ton “The Depression of 1920-1921: A Credit Induced Boom and a Market “The California Water Shortage” Based Recovery?” STEWART DOMPE, George Mason PATRICK NEWMAN, George Mason v University University “The Importance of the Protection of La Tuesday 3.H.6 Antigua Guatemala as Path of Devel­ 5:20-6:35 pm Virginia School of Political Econo­ opment” Palace 6 my: The Next Generation II LORENALEMUS MOLINA, Universi­ dad Francisco Marroquin Organizer(s): PETER BOETTKE, George Mason “History as an Autonomous Discipline” University MICHAEL J. DOUMA, Georgetown University Session Chair: PETER BOETTKE, George Mason University

70 71 Tuesday 3.H.8 “Institutions of Economic Freedom and 5:20-6:35 pm Hayek and Rand on the (Ab)Use of Generalized Trust: Evidence from the Skyview 2 Reason Eurobarometer Surveys” ANTONIO SARAVIA, Mercer University Moderator: NIKOLAI G. WENZEL, Flagler College “Constraining Elites for the Local Good: Ideas and Policy-Making in Early Twen­ Panelists: tieth Century Sao Paulo, Brazil” ROBERT F..MULLIGAN, Western ANNA B. FARIA, George Mason Uni­ Carolina University versity ONKAR GHATE, Ayn Rand Institute “Revisiting the Latin American Growth Puzzle: New Evidence” NIKOLAI G. WENZEL, Flagler College HUGO MOISES MONTESINOS-YUFA, Florida State University Tuesday 3.H.10 HUGO JOAQUIN FARIA, University of 5:20-6:35 pm The Art of Teaching Intro Miami 1 *EE DANIEL RAFAEL MORALES, Instituto Skyview 4 Session Chair: Dominicano de Evaluacion e Investiga­ STEVEN HORWITZ, St. Lawrence tion de la Calidad Educativa University • “Culture and Economic Institutions” Papers: KATHLEEN SHEEHAN, Creighton “Playing Games” University ANTONY DAVIES, Duquesne Univer­ RYAN MURPHY, Southern Methodist sity University “Homo Studentomicus, Data, and Un­ locking Latent Student Potential” ‘Program Legend DAVID HEBERT. Ferris State Univer­ EE = Economic Education Session sity “Teaching Principles: A ‘Policy-Centric’ Approach” ABIGAIL R. HALL, University of Tampa “A Second Look: Revising the Econom­ ic Way of Thinking” STEVEN HORWITZ, St. Lawrence University

Tuesday 3.H.11 5:20-6:35 pm Economic Development IV Skyview 5 Session Chair: KATHLEEN SHEEHAN, Creighton University Papers: “The Economic Cost of Half a Century of Communism-The Case of Estonia” TOM I OVASKA, Youngstown State University

72 73 Participating Organizations 2015-16 APEE OFFICERS continued from page 3 Douglas J. Den Uyl - President Independent Institute Liberty Fund, Inc. Institute for Applied Economics, Johns Hopkins 8335 Allison Pointe Trail University Suite 300 Institute for Faith, Work & Economics Indianapolis, IN 46250 Institute for Humane Studies 317-842-0880 Institute for Justice . E-Mail: [email protected] Instituto Dominicano de Evaluacion e Investigacion de la Calidad Educativa Gerald P. O’Driscoll Jr. - Vice President Istituto Bruno Leoni Senior Fellow Kroll Bond Rating Agency Cato Institute Learn Liberty 10280 Copper Cloud Drive Liberty Fund, Inc. * Reno, NV 89511-5349 Mackinac Center for Public Policy 775-851-2101 Mercatus Center E-Mail: [email protected] Mexico Business Forum OMMA (Centro Online de Madrid Manuel Ayau) J.R. Clark - Secretary/Treasurer Pacific Research Institute Probasco Chair of Free Enterprise Peters Sausage Company The University of Tennessee at Chattanooga Philanthropy Roundtable 313 Fletcher Hall, Dept. 6106 Property and Environment Research Center, The 615 McCallie Avenue State Policy Network Chattanooga, TN 37403-2598 Strata Policy 423-425-4118 Tax Foundation E-Mail: [email protected] The Wall Street Journal Joshua C. Hall - Past President West Virginia University Department of Economics 1601 University Avenue Morgantown, WV 26506-6025 E-Mail: [email protected]

Edward Stringham - Editor The Journal of Private Enterprise Davis Professor of Economic Organizations and Innovation Trinity College PO. Box 702533 300 Summit Street Hartford, CT 06106 860-297-2437 E-Mail: [email protected]

74 75 2015-16 EXECUTIVE COMMITTEE Gerald P. Dwyer Professor and BB&T Scholar Gerald Gunderson - Associate Editor Clemson University The Journal of Private Enterprise 228 Sirrine, Department of Economics Shelby Cullom Davis Professor Clemson, SC 29634-1309 Trinity College 864-656-3481 P.O. Box 702533 E-Mail: [email protected] 300 Summit Street Hartford, CT, 06106-3100 John Garen 860-297-2395 University of Kentucky E-Mail: [email protected] Department of Economics Lexington, KY 40506-0034 Robert A. Lawson - Webmaster 859-257-3581 Jerome M. Fullinwider Chair in Economic Freedom E-Mail: [email protected] O’Neil Center for Global Markets and Freedom Southern Methodist University Carrie B. Kerekes Cox School of Business Florida Gulf Coast University . P.O. Box 750333 Lutgert College of Business ' Dallas, TX 75275 10501 FGCU Blvd. South 614-668-6128 Fort Myers, FL 33965-6565 E-Mail: [email protected] 239-590-7311 E-Mail: [email protected] Mohammed Akacem Metropolitan State University of Denver Edward J. Lopez P.O. Box 173362 Western Carolina University MSU Denver, Campus Box 77 College of Business Denver, CO 80217 Forsyth 224C 303-556-4649 Cullowhee, NC 28723 E-Mail: [email protected] 415-902-2839 E-Mail: [email protected] Eamonn Butler .Adam Smith Institute Todd M. Nesbit 23 Great Smith Street The Ohio State University London SW1P 3DQ 410 Arps Hall United Kingdom 1945 N. High Street E-Mail: [email protected] Columbus, OH 43210 614-292-0275 Peter Calcagno E-Mail: [email protected] College of Charleston v Department of Economics Scott Niederjohn 66 George Street Lakeland College Charleston, SC 29424 Center for Economic Education 843-953-4279 Laun Center E-Mail: [email protected] P.O. Box 359 Sheboygan,Wl 53082 Gabriel Calzada 920-565-1239 Universidad Francisco Marroquin E-Mail: [email protected] ’• Calle Manuel F. Ayau, Zona 10 Guatemala City 01010 Guatemala ' +502-2338-7812 E-Mail: [email protected]

76 77 V Benjamin Powell Index of Authors, Panelists, and Chairs Texas Tech University Free Market Institute Participant...... Session Participant...... Session Box 45059 A Cargill, Thomas F...... P 2.G.4; Lubbock, TX 79409 Acchiardo, Charity-Joy...... P 2.G.10 ...... CH2.G.4 Adhia, Nimish...... P 3.G.3 Carson, Byron...... P 3.F.8 806-742-7138 Al-Bahrani, Abdullah...... P 2.C.10; Cartwright, Alexander C...... P 3.G.6 E-Mail: [email protected] ...... P2.G.10; P3.G.1; Chamlee-Wright, Emily...... P2.G.10 Albrecht, Brian C...... P 2.E.7Chartier, Gary...... Pan 2.G.8 Alcorn, John...... P 2.F.8 Chorniy, Anna...... P 2.G.2 Ryan Stowers Aligica, Paul Dragos...... P 3.F.3 Christainsen, Gregory...... P 3.F.11 Vice President, Higher Education Alvarez, Sean P...... P 3.F.2 Christmas, Billy...... P 3.A.5 Anders, Anne...... P 2.A.3Claar, Victor V...... CH3.E.2; Charles Koch Foundation Arias, J. J...... P 2.G.9 CH 3.F.2 1320 N. Courthouse Road, Suite 500 Aycinena, Diego...... P 3.G.3Clark, J.R...... P 3.A.4; P 3.C.6 B Cleveland, Jeff...... P 3.F.1 Arlington, VA 22201 Bacon, "Timothy...... P 2.G.2 Cleveland, Paul A...... P2.E.6; 202-812-9327 Baden, John....Pan 2.E.1; CH 2.E.1 ...... P 3.C.1 E-Mail: [email protected] Baetjer, Howard...... CH 2.F.6; Coleman, Joseph...... P 3.G.5 ...... P 2.F.6 Compton, Ryan...... P 2.C.8 Bailey, James...... P 2.E.2; P 2.F.7 Connors, Joseph...... P 3.F.4 John A. “Jack” Tatom Bandow, Doug...... P 3.F.4 Crowley, George R...... Pan 2.C.5 Barker, David...... P 2.F.1 Crum, Michael..... P 3.E.4; CH 3.E.4 Institute for Applied Economics Barton, Scott...... Pan 2.G.3 D Johns Hopkins University Beaulier, Scott...... Pan 2.F.2 D’Amico, Daniel J...... P 2.C.1; 590 Sarah Lane #203 Beckworth, David...... P 2.C.9; ...... CH 2.C.1; P3.C.4; Pan 2.G.8; ...... P 3.A.9 Davidson, Todd...... Pan 3.C.10 St. Louis, MO 63141 Bedsworth, Fredrick Travis...... Davies, Antony...... P 2.G.10; 317-270-4055 ...... '. P 2.G.6 ...... P3.H.10 E-Mail: [email protected] Benson, Bruce...... P 2.E.8;-Davies, Benjamin Angus ... P 2.G.2 ...... Pan 3.F.5 Davies, Erika...... P 3.A.2 Bhai, Moiz...... P 3.A.5Davis, Mike...... P 3.A.4 Andrew Young Bhargava, Smriti...... P 3.F.11 DeAngelo, Greg....P 2.F.5; P 3.C.4; Bilo, Simon...... P 3.F.9 ...... P3.H.4; P3.H.4 West Virginia University Biser, Jennis...... P 2.G.6; P 3.C.3 DeGennaro, Ramon P...... P 3.E.9 College of Business and Economics Black, Robert...... P 3.F.2 DelliSanti, Dylan...... P3.A.2 Box 84 Blase, Brian...... P2.F.6 DelVecchio, Micah...... P 3.A.6 Boardman, Mary...... P 3.E.4Demitraszek, Alexander...... P 2.C.4 Morgantown, WV 26506 Boccia, Romina...... P 2.A.7Den Uyl, Douglas J...... CH 2.G.1 304-293-4526 Boettke, Peter...... Pan 2.A.6; Desrochers, Pierre...... P 2.A.2; E-Mail: [email protected] ...... Pan 2.E.5; P 3.A.8; ...... P 3.G.2 ...... Pan 3.C.5; P3.E.2; P3.F.10; Devereux, John...... P 2.F.1 ...... CH 3.G.6; O 3.H.6; CH 3.H.6; DeVos, Brad...... Pan 3.H.3 Bogle, Thomas...... P2.C.10 Diamond, Arthur M...... CH 3.G.5; Bologna, Jamie...... P 2.A.7...... P3.G.5 Bose, Feler...... P 3.C.8Diamond, John...... P 3.C.1 Bosworth, Ryan...... P 2.F.6Dills, Angela K...... P2.A.2 Bradley, Anne R...„...... CH 2.E.6; Dobra, Matthew...... P 2.C.4 P 3.F.4; CH 3.F.4 Dompe, Stewart...... P 3.H.5; Bragues, George...... P 3.C.8...... CH 3.H.5

Brice, Brandon...... P 2.A.2; P 3.F.3; Douma, Michael j ...... Pan 2.A.6; ...... CH 3.F.3; P 3.G.3; CH 3.G.3; ...... P 3.G.8; P 3.H.7 Brown, Brennan...... Mod 2.C.5 Dove, John...... P 2.G.5 Brown, Matthew...... Pan 2.A.6; Drenkard, Scott ...... P 2.G.6 ...... CH 2.A.6; Pan 3.F.5; CH 3.F.5; Drylie, Scott...... P 3.G.3 Buchanan, Joy...... P 2.G.7; P 3.F.4 Durante, Alex...... P 3.C.2 Burns, Scott A...... P 2.C.9; P 3.G.9; Dwyer, Gerald P...... CH 2.F.1; ...... P 3.H.6 ...... CH 3.E.9; P3.E.9 Buser, Whitney.... P 2.C.2; CH 2.C.2 E Byas, Jason Lee...... Pan 2.G.8 Eicholz, Hans...... Pan 3.F.5 C Ekins, William Gavin...... P 2.F.6 Cachanosky, Nicolas...... P 2.C.2; Ellington, Lucien...... P2.E.10 ...... P2.C.9; P2.F.11 England, Catherine...... ,, CH 2.G.9 Calcagno, Peter...... P2.A.3; Ernest, Jonatha' ...... *t.P 2.E.7; ...... CH 2.F.4; P 3.A.7; ...... CH 2.E.7 ...... CH 3.A.7; CH 3.H.3 Escalante, Edwar Enrique....P 2.E.8 Calhoun, Joe...... P2.E.10 Escaleras, Monica...... P 3.A.7 Calzada, Gabriel...... CH 3.A.10; Estill, John B...... P 2.F.6; P 3.E.10 ...... CH 3.C.9; CH 3.H.7 Eyzaguirre, Hugo A...... D 3.G.5 Campbell, David...... P 3.C.1 F Candela, Rosolino...... P 3.G.6Falla, Stephanie...... Pan 2.F.3; Carden, Art...... Pan 2.E.5; P 3.F.4 ...... Pan 2.G.3 Faria, Anna B...... P 3.H.11 78 79 Index of Authors, Panelists, and Chairs Index of Authors, Panelists, and Chairs

Participant...... Session Participant...... Session Participant...... Session Participant...... Session Faria, Hugo Joaquin...... P 3.C.2; Hebert, David...... P 3.H.10 Lawson, Robert A...... P2.A.5; Mitchell, David...... P 2.C.8; ...... P3.H.11 Hedberg, Tim...... Pan 2.F.3 ...... CH2.A.5; CH 3.C.1;CH 3.F.11 ...... P3.E.3; P3.E.3 Farren, Michael.....P 2.G.6; P 3.G.5 Hederman, Rea...... P3.F.6 Leazer, La Donna Marie...... P 2.E.10 Mitchell, Hadley T...... P 3.E.2 Ferguson, Kelly Maureer .... P 2.G.2 Hefner, Frank...... P 2.A.3 Lee, Dwight R...... P 2.A.10; Mitchell, Matt...... P 2.F.7; P 2.G.6; Fernandez, Daniel...... P 3.C.9Heller, Lauren...... P2.C.7 ...... CH 2.A.10; P3.A.4; ...... P2.G.6; CH 2.G.6 Fernandez, Federico...... P 3.G.8; Henderson, David R...... Pan 2.C.3; ...... CH 3.A.4; P 3.C.6 Monds, Kathaleena Edward...... CH 3.G.8 ...... Mod 2.C.3; P 3.A.4 Leeson, Peter...... P 2.F.8; P 2.F.8 ...... P3.E.10; CH 3.E.10 Ferrarini, Tawni Hunt...... P2.F.10; Hendrickson, Joshua...... P2.G.9; Lemke, Jayme...... P 3.F.8 Montesinos-Yufa, Hugo Moises...... Pan 2.G.3; P3.F.', ...... P 3.A.9; P 3.F.9 Lemus Molina, Lorena...... P 3.H.7 ...... P 2.A.2; P 3.A.2; P 3.C.2; Ferrell, Perry...... P 3.E.7Henney, Debbie...... P2.E.10 Levy, David M...... P2.G.1 ...... P3.F.3; P3.F.11; P3.G.3; Fike, Rosemarie...... P 2. A.8 Herbison, Joshua...... P 3.C.3 Lingle, Christopher...... P 3.C.9 ...... P 3.G.11; P 3.H.11 Firey, Thomas...... P 2.A.5Hernandez, Sean J...... P 3.F.2 Liu, Bo...... P2.G.7Moody, Jonathan...... Pan 3.C.10 Fishbeck, Jacob...... CH 3.G.2; Hess, Carla...... P3.A.10 Liu, Yu-Hsi...... P 3.A.6; P 3.A.6 Morales, Daniel Rafael...... P3.H.11 ...... P3.G.2; P3.H.2 Hicks, Michael...... P3.F.6 Livingston, Felix R...... P 3.A.3; Morton, John S...... P2.F.10 Fleury, Jean-Baptiste...... P 3.A.8 Higgins, John Patrick...... P 3.F.3 ...... P3.E.4; P3.E.10 Moulton, Chuck...... P 3.G.9 Foster, Matilda...... P 2.C.2Hilston, John...... P 3.A.3 Lofthouse, Jordan...... P 2.A.1;Mueller, John M...... P 3.E.4 Fotheringham, Peter Brant Fraser... Hilton, Nicholas...... P 3.H.2 ...... P3.G.2 Mueller, Paul D...... P 2.G.1 ...... P2.G.2 Hobbs, Bradley K...... P 3.A.7 Long, Charles...... CH 2.E.8 Ktulholland, Sean E...... P2.A.2; Freeland, William...... P 3.F.6Hoffer, Adam...... CH 3.E.3 Long, Roderick T...... Pan 2.G.8; ...... CH 2.A.2; CH 3.A.5 Frost, Shelby...... P 2.F.10;Hoffer, Sierra...... P 3.G.11 ...... Mod 2.G.8 Mulligan, Robert F. ..„.....Pan 3.C.5; ...... CH 2.F.10 Holcombe, Randall G ...... P 2.A.3; Lopez, Edward J...... Pan 2.E.3;...... Pan 3.H.8 Fuller, Caleb...... P 3.F.11; P 3.H.6 ...... P 3.C.6 ...... CH 2.E.3; Pan 3.C.5; CH 3.C.5 Munger, Michael C...... Pan 2.E.3; Funcke, Alexander...... P 2.F.8Holder, Kim...... P 2.G.10; P 3.F.1; Lopez Flores, Clynton R...... P 3.C.9 ...... Pan 3.G.7; Pan 3.H.3 Furth, Salim B:...... P 2.A.2*...... CH 3.F.1; P 3.G.1; CH 3.G.1 Lucas, David...... P 3.H.6 Murphy, Robert...... P2.E.8; P3.E.8 Furton, Glenn...... P 2.C.6; P 2.F.7 Horpedahl, Jeremy...... P 2.G.6 Lunn, John...... P 3.E.2 Murphy, Ryan...... P 2.A.5; P 2.C.8; G Horwitz, Steven...... P 2.C.10; Lusk, Jayson...... P 3.A.1; P 3.A.1 ...... P2.G.9; CH 3.A.6; P 3.H.11 Garen, John...... CH 2.F.7; P 3.C.7; ...... Pan 2.E.3; Pan 3.G.7; Luther, William J...... P 2.C.9; N ...... CH 3.C.7; Pan 3.F.7 ...... P3.H.10; CH 3.H.10 P2.C.9; CH 3.F.9; CH 3 G.9 Navabi, Ash...... P 3.A.2; P 3.F.9; Garin, Alberto...... P 3.A.10; P 3.H.7 Hoskins, Lee...... Pan 2.A.9 M ...... P3.G.11 Gauthier, Nick...... P 3.E.4Houser, Daniel...... P 2.G.7 Macera, Gonzalo...... P 2.C.6Nelson, Arthur...... P 3.G.11 Gay, David E.R...... P 3.G.1Hummel, Jeffrey Rogers...... MacKenzie, Douglas...... P 3.E.10; Nelson, Thomas...... P 3.E.4 Geerting, Wayne...... P 3.E.10; ...... P 2.F.11; P3.C.9 P 3.G.5 Nesbit, Todd M...... P 3.A.7; P 3.E.3; P3.G.1 Hunter, Alecia...... P 2.F.6 Macpherson, David...... P 3.C.7...... 0 3.E.3 Geloso, Vincent...... P 3.G.2 I Magness, Phillip W...... P 3. A.8; Newman, Patrick...... P2.F.11; Ghate, Debi...... Mod 2.E.5 Ikeda, Sanford...... CH 3.F.8; P 3.F.8 ...... P 3.F.2 ...... P 3.E.2; P3.G.6; P3.H.7 Ghate, Onkar...... P 2.F.4; Pan 3.H.8 J Mahar, James...... P 2.F.5 Ngene, Geoffrey...... P 3.C.8 Gissurarson, Hannes H...... P 3.A.3; Jackson, Jeremy...... P 2.C.8 Malone, Trey J...... P 3.A.1 Niederjohn, Scott...... CH 2.E.10; ...... CH 3.A.3 Jensen, Michael...... P 3.G.4 Mandal, Abir...... P 2.F.1; P 3.A.5 ...... P3 .F.10; CH 3.F.10 Gittings, Kaj...... P 3.H.4Jerbic, Mike..... Pan 3.G.10; P 3.H.1 March, Raymond J...... P 2.C.6;Niederkorn, David Chad...... P 3.F.3 Gochenour, Zac...... '..... Pan 2.C.3; Jia, Shaomeng...... P 2.C.7 ...... CH3.E.5 Noell, Edd...... P3.E.2 ...... Pan 2.F.2; P3.G.8 Johnson, Kristine...... P 3.C.8; Marchand, Ross...... P2.A.1 Norgaard, Julia R...... P 2.E.7; Gohmann, Stephan...... Pan 3.E.6 ...... CH 3.C.8 Marciano, Alain...... P 3.A.8 ...... P 3.C.3; CH 3.C.3 Gohnman, Steve...... Pan 3.F.7Jones, Stephen M...... P 3.E.3; Martin, Adam...... P 2.F.7 O Gomez, Alejandro...... P 2.F.1...... P3.H.4 Martin, Chris...... P 2.G.1O’Driscoll, Gerald P...... Pan 2.A.9 Goodman, Nathan P...... Pan 2.G.8; Jordan, Jerry L...... Pan 2.A.9; Mateer, G. Dirk...... P 2.F.10;O'Grady, Mary Anastasia...... P 3.G.11; CH 3.G.11 ...... CH 2.E.9 ...... P2.G.10; P3.E.10; P3.F.1 ...... CH 2.A.9 Graf, EricC... . P 3.A.10; P 3.A.10; K Matson, Erik...... P2.G.1 O'Reilly, Colin W..... P 2.C.1; P 3.A.6 ...... P3.H.7 Kane, Timothy J...... Pan 2.C.3 Matti, Joshua...... P 2.C.1O'Reilly, Patrick...... P3.G.2 Graves, Philip...... P 2.A.10 Kelley, Michael...... P 2.A.4 McAndrew, William P...... P 2.A.5; O’Roark, Brian...... P3.E.10; Gray, Nathan L. t ...... P 2.C.2Kelly, Jena...... P 3.E.5 ...... P 3.C.2 ...... P3.F.1; P3.G.1 Grube, Laura...... P 2.G.10; P 3.E.8 Kelly, Matthew L ...... P 2.C.7 McCannon, Bryan C...... P 2.C.1; Oldham, Troy...... Pan 2.G.3 Gunderson, Gerald...... Pan 3.F.7; Kerekes, Carrie B...... CH 2.C.7; ...... P2.F.5; CH 3.E.7 Ovaska, Tomi...... P 3.H.11 ...... CH 3.F.7 ...... P 3.C.4; CH 3.C.4 McClure, James E...... P2.A.10 Overall, Jeffrey...... P 3.H.1 H Kerr, Amanda C...... P 3.F.11 McCullough, Russ...... P3.E.1 Owen, Ken...... Pan 2.A.6 Haeffele-Balch, Stefanie J.....P 3.E.8 Kibria, Ahsan...... P 2.F.6 McFadden, Brandon R...... P 3.A.1 P Haight, Colleen E...... P 2.G.5; Kitashima, Leah...... P 2.G.2; McFeely, David Edward...... P 3.E.5 Padilla, Alexandre...... P 2.C.2 ...... CH 2.G.5; Pan 3.G.10; ...... CH2.G.2 McKenzie, Richard B...... P 2.A.10 Pagels, Jim...... P 3.H.4 ...... Mod 3.G.10 Klingensmith, J. Zachary..... P 2.A.5; McLaughlin, Patrick...... P3.E.3 Pahman, Dylan...... P 3.G.11 Hall, Abigail R...... Pan 2.C.3; ...... P 3.C.3 McQuillan, Lawrence...... Pan 3.E.1 Palagashvili, Liya...... P 3.G.4; ...... P3.H.10 Kolm, Barbara...... P 3.G.8 Means, Tom...... P 2.F.6 ...... CH 3.G.4 Hall, Joshua C.....CH 2.A.8; P 2.A.8; Koopman, Christopher...... P 2.E.2; Meehan, Brian...... P 2.C.2Panepinto, Nick...... /«!..P 3.E.10 ...... Pan 2.C.5; CH 2.G.10; ...... CH 2.E.2; P3.H.4 Melian Marrero, Gonzalo....P 3.A.10 Panting, Guillermo...... Pan 3.H.3 ...... P2.G.10; P3.A.8; CH 3.A.8 Kotter, David S...... P 2.E.6; P 3.F.2 Mellon William H...... Plenary 3.B.11 Parnell, John A.....CH 3.H.1; P 3.H.1 Hammond, Samuel...... P 2.C.4Krosse, Nicholas...... P 3.H.5 Michel, Norbert...... P 2.F.9; P 3.E.9 Patel, Darshak...... P 3.G.1 Hansen, Megan E...... P2.A.1 Kuiper, Chris...... P 2.F.9; P 3.F.9 Miller, Stephen C...... Pan 2.E.5Pearson, Dennis...... P 3.C.3 Hardy, Robert Augustus...... P 2.E.7 Kwong, Jo...... Pan 3.C.10 Miller, Tom W...... P 2.C.7Peart, Sandra J...... P 2.G.1 Harris, Colin...... P2.F.8 Kyaw Min Maw, Aka...... P 2.C.8 Millsap, Adam...... P 2.A.2; P 3.A.7; Peirce, Hester...... P 2.F.9; P 2.F.9 Harrison, Ashley S...... P 3.F.10 L ...... P 3.H.2; CH 3.H.2 P6rez, Daniel...... P2.A.4 Harwick, Cameron...... P/3.G.9 LaFaive, Michae1 P 3.F.6 Mingardi, Alberto...... P 2.F.4 Perretti, Gizelle F...... P 3.C.4 Haymond, Jeff...... P2.E.6 Lawler, Patrick...... P 3.A.4 Peters, Robert Anthony.... Pan 3.G.7 80 81 Index of Authors, Panelists, and Chairs Index of Authors, Panelists, and Chairs

Participant...... Session Participant...... Session Participant...... Session Petersen, Garrett Malcom....P 3.F.9 Soleimanof, Sohrab...... P 3.A.3 White, Lawrence H...... CH 2.C.9; Sorens, Jason...... P 3.A.7 Piano, Ennio Emanuele...... P 3.C.2; ...... Pan 2.E.9; CH 2.F.11; Staley, Samuel R...... P 2.C.7; ...... P3.H.6 ...... 0 2.F.11; P 3.G.9; P 3.H.6 ...... Pan 3.C.10; Mod 3.C.10 Pingle, Mark...... P 2.G.4 Williams, Jonathan...... P 3.F.6 Stansel, Dean...... P 2.A.8; Powell, Benjamin....:...... CH 2.C.6; Williamson, Claudia...... P 2.C.1; ...... 0 2.C.8; CH 2.C.8; ...... P2.C.6; P2.E.8; P3.E.8 ...... P2.C.7 ...... P2.C.8; P3.A.7; P 3.A.7 Pruitt, Joylynn...... P 3.E.7 Willis, Amy M...... Pan 2.G.3; Stein, Devin...... P2.A.1; P3.G.11 Pusateri, Nicholas...... P 3.F.11* ...... CH 2.G.3 Stephenson, E.F...... P2.G.5; R Wilson, Bart J...... Pan 2.E.3 ...... P3.C.10 Ranager, Kelley...... P 3.C.1 Wilson, Mark...... P 2.F.5; CH 2.F.5 Stevens, Landon...... P 3.G.2 Randolph, Gregory...... P 2.C.7; Wilterdink, Ben...... P 3.F.6 Storr, Virgil...... P 3.E.5; P 3.E.8 ...... CH 2.G.7; P2.G.7 Winfree, Paul...... P 2.F.6 Stowers, Ryan...... Pan 3.F.7 Rasmussen, Douglas B...... Wolcott, Gregory ..CH 3.A.2; P 3.A.2 Stratmann, Thomas...... P 2.E.2; ...... CH 2.E.4; Pan 2.F.4 Wong, Ho-Po...... P2.A.8 ...... P2.E.2 Ratte, Kathryn A...... P2.F.10 Wooten, Jadrian...... P 3.G.1 Streeter, Ftyan...... Pan 3.E.6 Redford, Audrey...... CH 2.C.4; Y Stringham, Edward Peter...... !...... P2.C.4; CH 3.A.1 Yang, Z i...... P 2.C.4 ...... CH 2.F.8; P 3.E.8; O 3.E.8 Regan, Shawn...... P2.E.1 Yelowitz, Aaron...... P 3.C.7 Suarez, Paola A...... P2.F.8; Rentschler, Lucas...... P 3.E.1 Yencha, Christopher...... P 3.E.7 ...... CH 3.E.1; P3.G.6 Rettenmaier, Andrew...... P 3.C.7 Yonai, Derek K...... Pan 2.C.5^ Subrick, Robert...... P2.A.7 Rietz, Justin...... P 2.G.4 Yonk, Ryan Merlin...... P 2.A.1; Roberts, Kelsey...... P 3.G.4 Sumner, Scott...... P 2.G.9; P 3.A.9 ...... P2.A.1; CH 2.A.1; Surprenant, Chris W...... Pan 2.C.5; Ross, Amanda...... P 2.A.8; ...... Pan 2.E.1; P3.H.2 ...... Pan 2.E.4 ...... P 2.C.1; P 3.H.4 ?. Young, Andrew...... CH 2.A.7; Roth, M. Garrett...... P 3.C.2; T ...... P2.A.7; P2.G.9; Tacker, Thomas...... P 3.C.1 ...... CH 3.C.2 ...... P3.H.4; CH 3.H.4 Tackett, Maria...... P2.A.8 Roundy, Philip...... P 3.H.1 Yu, Jia...... P 3.A.6 Tamura, Robert...... P 2.F.1; P 3.C.6 Rousu, Matthew C...... P2.E.10 Z Tarko, Vlad...... P 3.A.9 Ruger, Charlie...... Mod 3.E.6 Zelmanovitz, Leonidas...... P 3.C.9 Tasic, Slavisa...... P 3.C.2 Ruger, Will...... , ...... P 3.A.7 Zhang, Yi...... P 2.C.1; P3.A.6 Tasto, Michael T...... P2.G.7 Ruhland, James....P 2.A.4; P 3.G.4 Zhao, Zhiqi...... P3.E.5 Tatom, John A...... CH 2.F.9; Russell, Levi A...... P 3.A.1 Zhen, Ying...... P2.C.4 ...... CH3.A.9 Rutherford, Matt...... P 3.A.3 Zhou, Yang...... P3.E.7 Teson, Fernando...... Pan 2.E.4 Ryan, Matt E...... P 2.E.8; P 2.G.10; Zilberman, David...... P3.A.1 Theroux, David...... CH 2.F.3 ...... P 3.C.4 Zufiiga, Rebeca...... Pan 2.F.3 Thierer, Adam...... P 2.C.4 S Zupan, Mark...... P 3.C.6; CH 3.C.6 Salinas-Leon, Roberto Miguel...... Thies, Clifford F...... P3.E.1 ...... P2.A.4; CH 2.A.4 Thomas, Diana...... P 2.F.7 Salsman, Richard Michael.... P 3.C.3 Thomas, Michael David....Pan 2.F.2 Salter, Alexander William...... Thomas, Signe...... P 3.F.10 ...... P 2.C.6; P 2.G.9; Thompson, Brad...... Pan 3.F.7 ...... *...... P 3.A.9; P 3.H.4 Threlfall, Gregory...... P2.G.2 Salvino, Robert...... P 2.C.7; P 2.G.7 Timmons, Edward...... P 2.C.8; Saravia, Antonio...... P 3.H.11 ...... P 2.E.2 Saunoris, James...... P 2.F.7Tiu, Rolando Joe...... P 2.C.2 Saving, Thomas R...... Pan 2.A.9; Turnbull, Geoffrey...... P 2.C.7 ...... Pan 2.E.9 V Schubitz, Scott...... Pan 3.F.5Vachris, Michelle A...... P 2.C.10; Schug, Mark C...... P3.F.10 ...... P2.G.10 Sheehan, Kathleem...... P 3.H.11; Van Beek, Michael...... Pan 3.F.6; ...... CH3.H.11 ...... CH 3.F.6 Sher, Chien-Yuan...... P 3.A.6; Virtck, Meghna...... P 3.E.5 ...... P 3.A.6 W Simmons, Randy T...... P 2.A.1; Walbert, Harold...... P 2.E.7 ...... P2.A.1; Pan 2.E.1 Walker, Anne...... P 3.H.4 Simpson, Brian P...... P 2.G.4 Walker, Doug...... P 3.H.5 Skousen, Mark...... P3.F.9 Walker, Michael...... Pan 2.E.9 Skwire, Sarah...... P 2.C.10;Walker, Paul R...... P3.E.7 ...... CH 2.C.10; Pan 3.C.5; Wall, Howard J...... Pan 3.E.6 ...... Pan 3.G.7; CH 3.G.7 Washington, Emily Brett...... Slivinski, Krystal Brand...... P 2.C.10 ...... CH 2.A.3; Mod 2.F.2; P2.G.5 Slivinski, Stephen...... P2.A.5 Watney, Caleb J...... P 3.H.4 Slok-Madsen, Stefan K...... P 3.F.3 Weithers, Tim...... P 3.E.9 Smith, Adam Christopher...... Wenzel, Nikolai G...... Mod 3.H.8; ...... Pan 2.E.5 ...... Pan 3.H.8 Smith, Daniel Joseph..."..... P 2.G.5; Whalen, R. Christopher...... P 2.F.9; ...... P 3.F.2 ...... P 3.A.9 Smith, Taylor L...... P 2.C.6; P 3.C.4 Wheeler, Bert...... P2.E.6 Smith, Vernon...... Plenary 2*6.13 Snow, Nicholas Arthur...... P3.E.3 82 83 Hotel Map - Meeting Rooms Hotel Map - Meeting Rooms

NORTH TOWER

CASINO LEVEL

26TH FLOOR

84 85 Instructions to Authors Submitting Special Event Speakers and Awards Manuscripts for Sunday The Journal o f Private Enterprise Opening Dinner and Reception All papers presented at the annual conference of The Adam Smith Award John B. Taylor Association of Private Enterprise Education® may Herman W. Lay Memorial Award John A. “Matt” be submitted for publication in The Journal of Private Matthews Jr. Enterprise. Other submissions must come either by nomination by a member of the editorial board or by paying a submission fee of $45 for members, $126 Monday for non-members ($45 submission fee plus $81 membership fee). The submission fee should be Plenary I Vernon Smith mailed to: Best Paper Award Phillip W. Magness Robert P. Murphy Gerald Gunderson Best Note Award Adam J. Hoffer Associate Editor George R. Crowley The Journal of Private Enterprise Teaching Economics Conference Keynote * Trinity College Michael Walker 300 Summit Street . Undergraduate Research Competition/Reception Hartford, CT 06106-3100 Tuesday Submissions should be uploaded to www. editorialmanager.com/jpenterprise. Articles of 12 to 15 Plenary II William H. Mellor pages of double-spaced text are preferred, but longer Annual Business Meeting manuscripts will be considered if the content appears Distinguished Scholar Award Jerry L. Jordan worthwhile. Papers reviewed and accepted by the Kent-Aronoff Service Award Edward Stringham members of the Editorial Board will be published as Past President’s Award Douglas J. Den Uyl full-length refereed articles. The Journal no longer Undergraduate Research Competition Award publishes abstracts or book reviews. In addition, Announcement a regular section of The Journal is devoted to educational notes that average 5 pages; these short accounts describe innovations in teaching topics in private enterprise of interest to Journal readers. Those interested in particular educational notes should contact the author directly.

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