This is Part 1 of a two-part series covering the definition, health, and evolution of institutions.

The word “institution” commonly appears in social science literature. While I would venture that…

In North Dakota’s most recent legislative session, a bill was proposed (HB 1263) to raise the minimum wage to $9.25 and mandate future increases by tying it to the rate of inflation.  Legislators were…

The rapid advancement of technology has always brought with it the fear of permanent worker displacement. As the economy changes, entire sectors risk becoming obsolete; likewise, workers worry about…

One of the traditional roles of government involves the facilitation of voluntary exchange through the enforcement of contracts via the legal system.  This involves establishing and enforcing property…

President Trump's tax plan calls for a reduction in top individual tax rates as well as a dramatic reduction in the overall corporate tax rate. This move has unsurprisingly drawn criticism. Detractors…

Welcome to the PCPE Blog!

As stated in our mission statement, we engage in research and educational programs to better understand the institutions and policies that encourage and enhance human…