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The Independent Institute is a nonprofit, non-partisan, scholarly research and educational organization that sponsors comprehensive studies on the political economy of critical social and economic problems.

The politicization of decision making in society has largely confined public debate to the narrow reconsideration of existing policies. Given the prevailing influence of partisan interests, little social innovation has occurred. In order to understand both the nature of and possible solutions to major public issues, the Independent Institute’s program adheres to the highest standards of independent inquiry and is pursued regardless of prevailing political or social biases and conventions. The resulting studies are widely distributed as books and other publications, and publicly debated through numerous conference and media programs.

Through this uncommon independence, depth, and clarity, the Independent Institute pushes at the frontiers of our knowledge, redefines the debate over public issues, and fosters new and effective directions for government reform.

FOUNDER & PRESIDENT David J. Theroux

RESEARCH DIRECTOR Robert Higgs, Ph.D.

ACADEMIC ADVISORS Stephen E. Ambrose University of New Orleans

Martin Anderson Hoover Institution

Herman Belz University of Maryland

Thomas E. Borcherding Claremont Graduate School

Boudewijn Bouckaert University of Ghent, Belgium

James M. Buchanan Center for Study of Public Choice, George Mason University

Allan C. Carlson Rockford Institute

Robert W. Crandall Brookings Institution

Stephen J. DeCanio University of California, Santa Barbara

Arthur A. Ekirch, Jr. State University of New York, Albany

Richard A. Epstein University of Chicago

B. Delworth Gardner Brigham Young University

George Gilder Discovery Institute

Nathan Glazer Harvard University

Ronald Hamowy University of Alberta

Steve H. Hanke Johns Hopkins University

Ronald Max Hartwell Oxford University

H. Robert Heller International Payments Institute

Lawrence A. Kudlow American Skandia Life Assurance Corporation

Deirdre N. McCloskey University of Iowa

J. Huston McCulloch Ohio State University

Forrest McDonald University of Alabama

Merton H. Miller University of Chicago

Thomas Gale Moore Hoover Institution

Charles Murray American Enterprise Institute

William A. Niskanen Cato Institute

Michael J. Novak, Jr. American Enterprise Institute

Charles E. Phelps University of Rochester

Paul Craig Roberts Institute for Political Economy

Nathan Rosenberg Stanford University

Simon Rottenberg University of Massachusetts

Pascal Salin University of Paris, France

Arthur Seldon Institute of Economic Affairs, England

Julian L. Simon University of Maryland

Joel H. Spring State University of New York Old Westbury

Richard L. Stroup Montana State University

Thomas S. Szasz State University of New York, Syracuse

Robert D. Tollison George Mason University

Arnold S. Trebach American University

Gordon Tullock University of Arizona

Richard E. Wagner George Mason University

Sir Alan A. Walters AIG Trading Corporation

Carolyn L. Weaver American Enterprise Institute

Walter E. Williams George Mason University