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Through original, empirical research, we seek to better understand the nature of individual, economic, and political liberty.

Automated Detection of Emotion in Central Bank Communication: A Warning
Can LLMs help us better understand the role of emotion in central bank communication?
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Firm Investment and the User Cost of Capital: New U.S. Corporate Tax Reform Evidence
This working paper analyzes the Tax Cuts and Jobs Act of 2017 to examine how corporate tax reform impacts rates of investment.

Waning American Pride Threatens the Republic
Political polarisation has reached fever pitch, with each side increasingly viewing the other not as opponents but as enemies.

New York’s Surging New Leftist Tide Is a Chilling Warning to the West
The rise in support for Zohran Mamdani illustrates how an alliance of immigrants and the young urban precariat is taking on capitalism.

Trump’s Iran Ceasefire Depends on American Oil
Trump has found his own formula — based largely on America’s tech savvy and energy abundance — to intimidate enemies and control friends.


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Liberal Democracy Reexamined: Leo Strauss on Alexis de Tocqueville
Estimating the Productivity of Community Colleges in Paving the Road To Four-Year College Success
Long Distance Migration as a Two-Step Sorting Process: The Resettlement of Californians in Texas
Why Failure-to-Market Claims Are Preempted Under Federal Law
Brains Versus Brawn: Ordinal Rank Effects in Job Training
Dynamism and Stagnation: An Outlook