Contact:  Email: thompson@econ.ucla.edu
                 Phone: 310 825 4387

Higher Education:

            UCLA , B.A. Honors

            London School of Economics

            Harvard , M.A., Ph.D. Economics

Academic Positions:

            Assistant Professor, Economics, Stanford University

            Assistant, Associate, and Full Professor, Economics, UCLA

Grants and Awards From:

            Institute for Government and Public Affairs, UCLA

            Ford Foundation 

            Eli Lilly Foundation 

            American Petroleum Institute 

            Koch Foundation 

            Foundation for Research in Economics and Education 

            National Science Foundation 


Published Articles:  

  1. "Old English Sheepdog Economists" Harvard International Review, 2003.
  2. "A Pareto Optimal Group Decision Process," in G. Tullock (editor), Papers on Non-Market Decision Making, (Public Choice), Vol. 1, (Charlottesville: Thomas Jefferson Center for Studies in Political Economy, U. of Virginia) 1966, pp. 133-140. Also reprinted in an Anthology of Works on Non-Market Decision Making, F. Forte (editor), and various political science anthologies.
  3. "A Pareto Optimal Group Decision Processs, A Reply," Public Choice, Vol. 2, 1967, pp. 1109-112.
  4. "Intertemporal Utility Functions; and the Long-Run Consumption Function," Econometrica, Vol. 35 (April 1967), pp. 356-361. (jstor)
  5. "National Debt in a Neoclassical Growth Model, Comment," American Economic Review, September 1967. (jstor)
  6. "Debt Instruments in Both Macroeconomic Theory and Capital Theory," American Economic Review, Vol. 57, December 1967, pp. 1196-1210. (jstor)
  7. "Do Freely Competitive Markets Misallocate Charity?" in Public Choice, Vol. IV (Charlottesville: Thomas Jefferson Center for Studies in Political Economy, University of Virginia, 1968).
  8. "The Perfectly Competitive Production of Collective Goods," Review of Economics and Statistics, XLX, February 1968, pp. 1-12. (jstor)
  9. "Discussion (in Non-Market Decision Making),"  American Economic Review, Vol. 58, No. 2, Papers and Proceedings of the Eightieth Annual Meeting of the American Economic Association. (May, 1968), pp. 332-340. (jstor)
  10. "The Perfectly Competitive Production of Collective Goods, Reply," Review of Economics and Statistics, November 1969, pp. 479-482. (jstor)
  11. "Non-Pecuniary Rewards and the Aggregate Production Function," Review of Economics and Statistics, May 1970, pp. 1-38. (jstor)
  12. "The Optimal Rate of Secular Inflation," (with Prakash Lohani), Journal of Political Economy, September - November 1971, pp. 962-982. (jstor)
  13. "The Taxation of Wealth and the Wealthy (in Taxation of the Poor and the Rich)," American Economic Review, Vol. 62, No. 1/2. (1972), pp. 329-330. (jstor)
  14. "The Theory of Money and Income Consistent with Orthodox Value Theory," in Readings in Honor of Lloyd Metzler, G. Horwich and P. Samuelson (editors), Academic Press, 1974.
  15. "Taxation and National Defense," Journal of Political Economy, July/August 1974, pp. 755-782.  (jstor)
  16. "On Taxation and the Control of Externalities," (with Ron Batchelder) American Economic Review, June 1974, pp. 467-471. (jstor)
  17. "The Optimal Role of the Government in a Competitive Economy with Transaction Costs," in American Re-evolution, Richard Auster (editor), University of Arizona, 1977.
  18. "An Economic Basis for the 'National Defense Argument's for Protecting Certain Industries," Journal of Political Economy, February 1979, pp. 1-36. (Also printed in several collections of papers on political economy).  (jstor)
  19. "Characteristics of Worlds with Perfect Strategic Communication,"Journal of Economic Theory, August 1980, pp 111-119.
  20. "Social Interaction Under Truly Perfect Information," (with Roger Faith), Journal of Mathematical Sociology, November 1980, pp. 181-197.
  21. "Charity and Non-Profit Organizations," in Clarkson and Martin (editors), Economics of Nonproprietary Organizations, Greenwich: Jai Press, 1980.
  22. "On Labor's Right to Strike," Economic Inquiry, October 1980, pp. 640-653.
  23. "A Paradox in the Theory of Second Best," (with Roger Faith), Economic Inquiry, April 1981, pp. 235-244.
  24. "Who Should Control the Money Supply?" American Economic Review, May 1981, pp. 356-361.  (jstor)
  25. "A Pure Theory of Strategic Behavior and Social Institutions," (with R. Faith), American Economic Review, June 1981, pp 366-380. (jstor)
  26. "Free Banking Under a Labor Standard: A Perfect Monetary System," The Role of Gold in Domestic and International Monetary Systems, II, Annex B Report to Congress of the US Gold Commission, US G.P.O., March 1982, pp. 502-504.
  27. Divisionalization and Entry Deterrence," with M. Schwartz, Quarterly Journal of Economics, May 1986. (jstor)
  28. "A New Theory of Guilds and European Economic Development," with C.R. Hickson, Exploration in Economic History, 28, pp.127-168, 1991.
  29. "Achieving Optimal Fines for Political Bribery: A Suggested Political Reform," with V.M. Thompson, Public Choice, 77, 773-791, 1993.
  30. "The Gold Standard: Causes and Consequences,"Encyclopedia of Business Cycles, David Glasner, Ed., Garland Publishing, 1995, pp. 267-272.
  31. "Rationalizing Observed Health and Safety Legislation: A Pascalian Approach," American Economic Review, May 1995, pp. 72-76.  (jstor)
  32. "Welfare Across Generations,"  Contemporary Economic Policy, Vol. 14, January 1996, pp. 10-20.
  33. "Why World Oil Monopolization Lowers Oil Prices: A Theory of Involuntary Cartelization," International Journal of the Economics of Business, Vol. 7, No.1, 2000.
  34. "Alchian as a Teacher and an Economist,"  International Society for New Institutional Economics, Volume 3, Number 2, Fall 2001, pp. 11-13.
  35. "Ideology and the Evolution of Vital Institutions: A Synopsis," Global Business and Economic Review, Volume 4, Number 1, June, 2002, pp. 24-52.
  36. KEYNOTE ADDRESS: “What Globalization is Really All About," Business and Economics Society International – Anthology, 2002, pp. 1-5.
  37. "Evolution of Institutions," Encyclopedia of Public Choice, Charles K. Rowley and Fredric Schneider, Eds., Kluwer Acacemic Publishers, 2002.
  38. "An Invisible Hand Theorem for Collectivists," Methods and Morals in Constitutional Economics:  Essays in Honor of James M. Buchanan, Springer, New York, 2002
  39. "A New Measure of Comparative Welfare," (with C.R. Hickson), Global Business and Economic Review, Volume 4, Number 2, December, 2002.
  40. "Old English Sheepdogs and Economists,” Harvard International Review, Summer 2003, Volume XXV, Issue 2.
  41. "The Anatomy of a Growth Miracle," in Foreign Investment in Rapidly Growing Countries: The Chinese and Indian Experiences, H.S. Kehal, Ed., Palgrave Macmillan, 2005, Chapter 1.
  42. "Predicting Bubbles," Global Business and Economics Review, with C. R. Hickson, Volume 8, Nos. 3 and 4, August, 2006, pp. 217-246.
  43. "The Tulipmania: Fact or Artifact?" Public Choice, (Aug 30, 2006 in the Electronic Edition), Vol. 130, Nos. 1-2, Jan 2007, pp. 99-114.
  44.  "From Social Insecurity to Social Security; The Genius of Democratic Politics," in Global Business and Economics Review, Vol. 9, No. 1, pp. 1-7.


Jstor Book Reviews:

1.      Buchanan’s Demand and Supply of Public Goods, Econometrica, May 1971.

2.      Arrow and Kurz’s Public Investment, the Rate of Return, and Optimal Fiscal Policy, Econometrica, November 1972.

3.      Niskanan’s Bureaucracy and Representative Government, Journal of Economic Literature, September, 1973.

4.      Witt’s "The Evolving Economy; Essays on the Evolutionary Approach to Economics,"  GBER, August, 2006.


Maintained online by Earl Thompson
Updated December, 2002