Private Governance: Creating Order in Economic and Social Life by Edward Peter Stringham
From the first stock markets of Amsterdam, London, and New York to the billions of electronic commerce transactions today, privately produced and enforced economic regulations are more common, more effective, and more promising than commonly considered. In Private Governance, prominent economist and AIER President Edward Stringham presents case studies of the various forms of private enforcement, self-governance, or self-regulation among private groups or individuals that fill a void that government enforcement cannot. Through analytical narratives the book provides a close examination of the world's first stock markets, key elements of which were unenforceable by law; the community of Celebration, Florida, and other private communities that show how public goods can be bundled with land and provided more effectively; and the millions of credit-card transactions that occur daily and are regulated by private governance. Private Governance ultimately argues that while potential problems of private governance, such as fraud, are pervasive, so are the solutions it presents, and that much of what is orderly in the economy can be attributed to private groups and individuals. With meticulous research, Stringham demonstrates that private governance is a far more common source of order than most people realize, and that private parties have incentives to devise different mechanisms for eliminating unwanted behavior.
Soft, luxurious, and elegant, here is the official AIER scarf. 80% silk and 20% wool, modeled on the Harwood tie (also available). It's beautifully printed, hinting of the best of the old world and the new. Dimensions: five feet by seven inches.
The Best of Ludwig von Mises
It’s a seemingly impossible task to select the best of Ludwig von Mises (1881-1973) whose teaching and writing career spanned six decades and whose literary output includes several mighty and timeless treatises on political economy. They were not written in isolation from the real and often horrifying events of the 20th century; they were heavily informed by the brilliance and tragedy of his life experiences – including as a refugee forced to flee his home in Vienna – in battling every form of totalitarianism. I’ve been reading his work since the dawn of my intellectual consciousness but I’ve yet to discover the end of his capacity to illuminate the world around us. I never fail to profit from re-reading even the books I think I understand best. Learning from Mises is a lifelong project. Even so, these five essays carry amazing power, as you will soon discover. ~ Jeffrey Tucker, Editorial Director, American Institute for Economic Research. Page count: 230.
The Counterrevolution (Hardcover) by E.C. Harwood
The Counterrevolution by Edward C. Harwood was originally published in 1951 as a clarion call for a renewal of the revolution that was freedom and a warning against the statist counterrevolution. Compiled into thirteen chapters, it sketches the developments that led to the advances of Western Civilization by fostering the spread of individual freedoms, assesses the many social and governance issues of the first half of the Twentieth Century, and explains why those problematical issues constituted a counterrevolution as succinctly expressed in Patrick Henry’s warning: “The Constitution is not a document for the government to restrain the people, it is an instrument for the people to restrain the government—lest it come to dominate our lives and interests.”
Edward C. Harwood fought for sound money when few Americans seemed to care. He was the original gold standard man before that became cool. Now he is honored in this beautiful sewn silk tie in the richest possible color and greatest detail. The red is not just red; it is darker and deeper, more distinctive and suggestive of seriousness of purpose. The Harwood coin is carefully sewn (not stamped). Sporting this, others might miss that you are secretly supporting the revolution for freedom and sound money, but you will know, and that is what matters.
AIER Silk Bow Tie
Edward C. Harwood fought for sound money when few Americans seemed to care. He was the original gold standard man before that became cool. Now he is honored in this beautiful sewn silk bow tie in the richest possible color and greatest detail. The tie is adjustable to all sizes. Sporting this, others might miss that you are secretly supporting the revolution for freedom and sound money, but you will know, and that is what matters.
AIER Coffee Mug - White
It’s the small things that we use daily in life that reveal our loyalties. This is precisely why we made an AIER coffee mug. It suggests stability, dignity, and determination. It has personalized a matte-finish exterior with a shiny lip and interior. It has a 17-oz capacity. It says everything it needs to say!
AIER Coffee Mug - Blue
It’s the small things that we use daily in life that reveal our loyalties. This is precisely why we made an AIER coffee mug. It suggests stability, dignity, and determination. It has personalized a matte-finish exterior with a shiny lip and interior. It has a 17-oz capacity and a flat handle for comfort. It says everything it needs to say!
E.C. Harwood: A Biographical Sketch of the Founder of American Institute for Economic Research (Paperback) by Katy Delay
American Institute for Economic Research, founded in 1933, was the first independent voice for sound economics in the United States. Today it researches and educates on the value of personal freedom, free enterprise, property rights, limited government and sound money. AIER’s ongoing scientific research demonstrates the importance of these principles in advancing peace, prosperity and human progress.
Cause and Control of the Business Cycle (Paperback) by E. C. Harwood
Do central banks help alleviate or actually contribute to causing the business cycle? In this prescient 1932 book, E.C. Harwood used sound theory and statistical analysis to examine the true cause of the business cycle, warn about the effects of central banking, and recommend a return to a sound-money, free-market policy. American Institute for Economic Research is pleased to make this classic work, still extremely relevant to the debate over monetary policy, available to a new generation of readers.
Two Treatises on Competitive Currency and Banking
Available for the first time in over 140 years, these two “lost” treatises by libertarian legal philosopher Lysander Spooner present his vision for a radically decentralized monetary system rooted in privately issued competitive currencies and free-banking. Edited and with introduction by AIER Senior Research Fellow Phillip W. Magness.
The Rubber Budget Account Book
Our rubber budget book contains monthly forms and easy-to-follow instructions to help you set up a flexible budget to meet your needs. With a willingness to start with and stick to your own budgeting plan, you can avoid personal embarrassment and financial tragedy by sitting at the kitchen table for just a few minutes a day with a pencil, our simple record-keeping book, and your income and expenses records. Many of our long-term readers have been using our budget book for a generation or more. Try it.
The Executor’s Roadmap
The Executor’s Roadmap distills the work of an executor into the essentials. If a person needs to start settling an estate now, this book will frame out the basic tasks they’ll need to handle in the months ahead, whether there is a will for guidance or not. If someone is fortunate to know well in advance that they’ll be the executor of an estate, this book can help them make the most of their preparation time.
The Changing Nature of Recessions
In the years leading up to December 2007, there was a growing chorus declaring the end of business cycles. Clearly, business cycles have not gone away, and AIER’s research, contained in our new study, The Changing Nature of Recessions, shows that recessions have changed in troubling ways.
Start Here: Getting Your Financial Life on Track
Start Here: Getting Your Financial Life on Track (2009) is the guide to fulfilling your dreams. It’s a study of tactics: concrete plans and procedures for getting what you want, specifically in the realm of money. Start Here guides you through many different stages of your financial life. The information is clear and concise, never too complex and never too simple. For example, when you decide to move in with your significant other, Start Here has many useful guidelines to protect the financial interests of you and your loved one. This practical advice covers everything from pre-nuptial agreements (both formal and informal) to creating and financing a “house” account. Unlike other similarly focused titles, Start Here is produced by an organization that has no agenda to push, no outside products to advertise, and no commercial services to highlight.
Property Rights: The Essential Ingredient for Liberty and Progress
AIER sponsored a conference titled Property Rights: The Essential Ingredient for Liberty and Progress to review the origins of property rights and to consider their importance in this country and elsewhere around the globe.
If Something Should Happen
"If Something Should Happen" will help you organize your financial and legal affairs so your loved ones will be able to step in with minimal difficulty, if you are not able to manage for yourself. Part I provides a quick overview of the fundamental elements of estate planning. Part II is made up of a set of forms that can create an easy-to-use blueprint for others to follow. The American Institute for Economic Research has distributed more than 200,000 copies of this book since it was first published in 2008. The 2015 revision reflects changes in inheritance and health care laws. It is also based on feedback from readers that has resulted in a reorganization of the forms.
How to Own and Invest in Gold
How to Own and Invest in Gold (2016) helps you navigate the confusing world of gold ownership and avoid potential pitfalls. It covers topics such as supply and demand, reasons to buy gold, and the different options for owning gold. Whether you choose to physically own gold as an accessible form, or own gold as an investment, this book provides basic knowledge needed to be successful.
How To Avoid Financial Tangles
How To Avoid Financial Tangles (2009) contains practical discussion for meeting increased responsibility and saving you money. It is easy to read and written for those who have no special training in law and finance. For example, it tells you how marriage affects property, how to own real estate, and how to use a power of attorney. It tells you about making a will and about life, care, and fire insurance. It discusses many common subjects that virtually everyone should know about.
Follow the Money: A Citizens Guide to Local Government
Follow the Money: A Citizens Guide to Local Government (2010) is a citizen’s primer on how to work with local officials on the heart and soul of government: the budget. The goal is collaboration, not confrontation, over how public money is being spent. Too often there’s a clash between citizens and local officials at the witching hour of budget adoption. This usually occurs because residents lack full information of how the budget went from A to Z. Follow the Money demystifies the budget process so ordinary citizens can get involved from the beginning and influence the decisions that will shape their communities.