Holcombe, Randall G., and Russell S. Sobel. Growth and Variability in State Tax Revenue: An Anatomy of State Fiscal Crises. Westport, CT: Greenwood Press, 1997.

Gwartney, James D., Richard L. Stroup, Russell S. Sobel, and David A. Macpherson. Economics: Private and Public Choice,  16th Edition. Boston, MA: Cengage Learning, 2018.


Cline, Brandon N., Russell S. Sobel, and Claudia R. Williamson (eds.), Promoting Prosperity in Mississippi. Mississippi State, MS: Mississippi State University Institute for Market Studies, 2018.

Sobel, Russell S. The Rule of Law: Perspectives on Legal and Judicial Reform in West Virginia. Morgantown, WV: Center for Economic Growth, The Public Policy Foundation of West Virginia, 2009.

Sobel, Russell S. Unleashing Capitalism: Why Prosperity Stops at the West Virginia Border and How to Fix It. Morgantown, WV: Center for Economic Growth, The Public Policy Foundation of West Virginia, 2007. [Winner of the 2008 Sir Antony Fisher Memorial Award]


Calcagno, Peter T. (ed.), Unleashing Capitalism: A Prescription for Economic Prosperity in South Carolina.. Columbia, SC: South Carolina Policy Council, 2009 (Associate editors: Joshua C. Hall and Russell S. Sobel).

Clark, J.R. (ed.), Freedom and Prosperity in Tennessee. Chattanooga, TN: The Scott L. Probasco Jr. Chair of Free Enterprise, 2012 (Associate editors: Russell S. Sobel and Joshua C. Hall).


Hoffer, Adam J. and Russell S. Sobel. “Preference Policies: Perpetual Costs of Distributive Politics,” Journal of Public Finance and Public Choice, forthcoming.

Sobel, Russell S., Reagan N. Sobel, Douglas M. Walker, and Peter T. Calcagno, “How Effective Are Expert TV Hosts at Saving Failing Businesses?” Contemporary Economic Policy 37, No. 1 (January 2019), pp. 9-24.

Dutta, Nabamita and Russell S. Sobel. “Entrepreneurship and Human Capital: The Role of Financial Development,” International Review of Economics and Finance  57, (September 2018), pp. 319-332.

Sobel, Russell S., and J.R. Clark, “The Use of Knowledge in Technology Entrepreneurship: A Theoretical Foundation,” Review of Austrian Economics 31, No. 2 (June 2018), pp. 195-207.

Edwards, Jonathan C., Russell S. Sobel, and Leonardo Bonilha. “Marginal Decision-Making in the Treatment of Refractory Epilepsy, Journal of Medical Economics 21, No. 5 (2018), 438-442.

Sobel, Russell S., “The Rise and Decline of Nations: The Dynamic Properties of Institutional Reform,” Journal of Institutional Economics 13, No. 3 (September 2017), pp. 549-574.

Dutta, Nabamita, Russell S. Sobel, and Sanjukta Roy, “Foreign Aid’s Impact on Domestic Business Climates - An Empirical Analysis with SSA and MENA Countries,” Journal of Entrepreneurship and Public Policy 5, No. 3 (2016), pp. 365-382.

Sobel, Russell S., and J.R. Clark, “Does More Special Interest Group Activity Cause Government Growth or Does Government Growth Cause More Special Interest Group Activity?” Cato Journal 36, No. 3 (Fall 2016), pp. 507-533.

Walker, Douglas M., and Russell S. Sobel, “Social and Economic Impacts of Gambling,” Current Addiction Reports 3, No. 3 (September 2016), pp. 293–298.

Sobel, Russell S. and John A. Dove “Analyzing the Effectiveness of State Regulatory Review,” Public Finance Review  44, No. 4 (July 2016), pp. 446-477.

Dutta, Nabamita and Russell S. Sobel “Does Corruption Ever Help Entrepreneurship,” Small Business Economics: An Entrepreneurship Journal 47, No. 1 (June 2016), pp. 179-199.

Sobel, Russell S., and Joshua C. Hall, “Has the War between Rent Seekers Escalated?”  Cato Journal 36, No. 1 (Winter 2016), pp. 47-53.

Walker, Douglas M., Stephen W. Litvin, Russell S. Sobel, and Renée A. St-Pierre, “Setting Win Limits: An Alternative Approach to ‘Responsible Gambling’?” Journal of Gambling Studies 31, No. 3 (September 2015), pp. 965-986.

Walker, Douglas M., Stephen W. Litvin, Russell S. Sobel, and Renée A. St-Pierre, “Stopping When You’re Ahead: Win Limits and Responsible Gambling.” Responsible Gambling Review 1, No. 2 (January 2015), pp. 1-9.

Sobel, Russell S., “The Elephant in the Room: Why States Are Refusing to Expand Medicaid,” Applied Economics Letters 21, No. 17 (2014), pp. 1226-1229.

Sobel, Russell S., and J.R. Clark, “Preference Formation, Choice Sets, and the Creative Destruction of Preferences,” Journal of Ayn Rand Studies 14, No. 1 (July 2014), pp. 55-74.

Calcagno, Peter T. and Russell S. Sobel, “Regulatory Costs on Entrepreneurship and Establishment Employment Size,” Small Business Economics 42, No. 3 (March 2014), pp. 541-559.

Sobel, Russell S. and George R. Crowley, “Do Intergovernmental Grants Create Ratchets in State and Local Taxes?” Public Choice 158, No. 1/2 (January 2014), pp. 167-187.

Young, Andrew T. and Russell S. Sobel, “Recovery and Reinvestment Act Spending at the State Level: Keynesian Stimulus or Distributive Politics,” Public Choice 155, No. 3/4 (June 2013), pp. 449-468.

Dutta, Nabamita, Russell S. Sobel, and Sanjukta Roy, “Entrepreneurship and Political Risk,” Journal of Entrepreneurship and Public Policy 2, No. 2 (2013), pp. 130-143.

Sobel, Russell S., Nabamita Dutta, and Sanjukta Roy, “Does Fiscal Decentralization Result in a Better Business Climate?” Applied Economics Letters 20, No. 1 (January 2013), pp. 84-91.

Skarbek, David B. and Russell S. Sobel, “The Industrial Organization of Street Gangs.” Journal of Gang Research 20, No. 1 (Fall 2012), pp. 1-17.

Sobel, Russell S. and Matt E. Ryan, “Seniority and Anti‑competitive Restrictions on the Legislative Common Pool: Tenure’s Impact on the Overall Production of Legislation and the Concentration of Political Benefits,” Public Choice 153, No. 1/2 (October 2012), 171-190.

Leeson, Peter T., Russell S. Sobel, and Andrea M. Dean, “Comparing the Spread of Capitalism and Democracy,” Economics Letters 114, No. 1 (January 2012), pp. 139-141.

Leeson, Peter T. and Russell S. Sobel, "Race, Politics, and Punishment: Democratic Failure in the New Orleans Mayoral Election," European Journal of Law and Economics, 31, No. 3 (2011), pp. 265-285.

Crowley, George R. and Russell S. Sobel, "Does Fiscal Decentralization Constrain Leviathan? Evidence from Local Property Tax Competition," Public Choice 149, No. 1/2 (October 2011), pp. 5-30.

Sobel, Russell S. and Christopher J. Coyne, "Cointegrating Institutions: The Time-Series Properties of Country Institutional Measures," Journal of Law and Economics 54, No. 1 (February 2011), pp. 111-134.

Dutta, Nabamita, Sanjukta Roy, and Russell S. Sobel, "Does a Free Press Nurture Entrepreneurship?" Southern Journal of Entrepreneurship 4, No. 1 (April 2011), pp. 71-91.

Coyne, Christopher J., Russell S. Sobel, and John A. Dove, "The Non-Productive Entrepreneurial Process," Review of Austrian Economics 23, (2010), pp. 333-346.

Crowley, George R. and Russell S. Sobel, "Adam Smith: Managerial Insights from the Father of Economics," Journal of Management History 16, No. 4 (2010), pp. 504-508.

Sobel, Russell S., Nabamita Dutta, and Sanjukta Roy, "Does Cultural Diversity Increase The Rate Of Entrepreneurship?" Review of Austrian Economics 23, No. 3 (2010), pp. 269-286.

Hall, Joshua C., Russell S. Sobel, and George R. Crowley, "Institutions, Capital, and Growth," Southern Economic Journal 77 No. 2 (October 2010), pp. 385-405.

Yakovlev, Pavel and Russell S. Sobel, "Occupational Safety and Profit Maximization: Friends or Foes?" Journal of Socio-Economics 39, No. 3 (June 2010), pp. 429-435.

Sobel, Russell S., Nabamita Dutta, and Sanjukta Roy, "Beyond Borders: Is Media Freedom Contagious?" Kyklos 63, No. 1 (February 2010), pp. 133-143.

Sobel, Russell S. and Brian J. Osoba, "Youth Gangs as Pseudo-Governments: Implications for Violent Crime," Southern Economic Journal 75, No. 4 (April 2009), pp. 996-1018. [This article won the "Georgescu-Roegen Prize" for the Best Article Published in the Southern Economic Journal for 2009.]

Leeson, Peter T., and Russell S. Sobel, "Weathering Corruption," Journal of Law and Economics 51, No. 4 (November 2008): 667-681. [This paper was the topic of an article in The Economist magazine entitled "Blame the Weather" (Vol. 380, No. 8493; September 2, 2006, page 28.), of CSPAN2's "Today in Washington" broadcast (August 23, 2006, 9:30-11am), personal interview and appearance on CBS Evening News (September 1, 2006, 6:30-7pm), and was also of articles that appeared in many newspapers including the Washington Post, National Review, and Houston Chronicle.]

Sobel, Russell S. and Andrea M. Dean. "Has Wal-Mart Buried Mom and Pop?: The Impact of Wal-Mart on Self Employment and Small Establishments in the United States." Economic Inquiry 46, No. 4 (October 2008), pp. 676-695. [This paper also formed the basis for the article: Dean, Andrea M. and Russell S. Sobel, “Has Wal-Mart Buried Mom and Pop?” Regulation Magazine (Spring 2008), pp. 2-10, and was the topic of articles and interviews in various media outlets including US News & World Report and Fox Business Network (TV).]

Sobel, Russell S. "Testing Baumol: Institutional Quality and the Productivity of Entrepreneurship." Journal of Business Venturing 23, No. 6 (November 2008), pp. 641-655.

Sobel, Russell S. and Kerry A. King. "Does School Choice Increase the Rate of Youth Entrepreneurship?" Economics of Education Review 27, No. 4 (August 2008), pp. 429-438.

Leeson, Peter T. and Russell S. Sobel. "Costly Price Discrimination." Economics Letters 99, No. 1 (April 2008): 206-208.

Hall, Joshua C., and Russell S. Sobel, "Institutions, Entrepreneurship, and Regional Differences in Economic Growth," Southern Journal of Entrepreneurship 1, No. 1 (March 2008), pp. 69-96.

Ashby, Nathan J. and Russell S. Sobel, "Income Inequality and Economic Freedom in the U.S. States," Public Choice 134, No. 3/4 (March 2008), pp. 329-346.

Sobel, Russell S., Christopher J. Coyne, and Peter T. Leeson, "The Political Economy of FEMA: Did Reorganization Matter?" Journal of Public Finance and Public Choice 17, No. 2/3 (2007), pp. 49-65.

Sobel, Russell S. and Joshua C. Hall "Can You Here Me in the Back? Improving Large Section Instruction Using Walkie Talkies," Journal of Private Enterprise, 23, No. 1 (Fall 2007), pp. 157-164.

Sobel, Russell S., J.R. Clark, and Dwight R. Lee, "Freedom, Barriers to Entry, Entrepreneurship, and Economic Progress." Review of Austrian Economics 20 (2007), pp. 221-236.

Boettke, Peter, Emily Chamlee-Wright, Peter Gordon, Sanford Ikeda, Peter Leeson and Russell Sobel, "The Political, Economic, and Social Aspects of Katrina," Southern Economic Journal 74, No. 2 (October 2007), pp. 363-376.

Luitel, Hari Sharan and Russell S. Sobel, "The Revenue Impact of Repeated Tax Amnesties." Public Budgeting and Finance, 27, No. 3 (Fall 2007), pp. 19-38.

Sobel, Russell S. and Todd M. Nesbit. "Automobile Safety and the Incentive to Drive Recklessly: Evidence from NASCAR." Southern Economic Journal 74, No. 1 (July 2007), pp. 71-84. [Cited and discussed at length in Steven E. Landsburg, The Armchair Economist: Economics and Everyday Life Revised and Updated for the 21st Century, New York, NY: Free Press (Simon & Schuster, Inc.), 2012, pp. 5-6 in Chapter 1 "The Power of Incentives: How Seat Belts Kill"].

Sobel, Russell S. and Joshua C. Hall "The Effect of Judicial Selection Processes on Judicial Quality: The Role of Partisan Politics." Cato Journal 27, No. 1 (Winter 2007), pp. 69-82.

Sobel, Russell S. and Peter T. Leeson. "The Use of Knowledge in Natural Disaster Relief Management." The Independent Review 11, No. 4 (Spring 2007), pp. 519-532. [Reprinted as Chapter 3 in Emily Chamlee Wright and Virgil Henry Storr (eds.), The Political Economy of Hurricane Katrina and Community Rebound. Cheltenham, UK: Edward Elgar, 2010.].

Sobel, Russell S. and Peter T. Leeson, "Government's Response to Hurricane Katrina: A Public Choice Analysis." Public Choice 127, No. 1/2 (April 2006), pp. 55-73.

Mafi, Elham and Russell S. Sobel. "Does a Less Active Central Bank Lead to Greater Economic Stability? Evidence from the European Monetary Union." Cato Journal 26, No. 1 (Winter 2006), pp. 49-70.

Wagner, Gary A. and Russell S. Sobel. "State Budget Stabilization Fund Adoption: Preparing for the Next Recession or Circumventing Fiscal Constraints?" Public Choice 126, No. 1/2 (January 2006), pp. 177-199.

Ovaska, Tomi and Russell S. Sobel, "Entrepreneurship in Post-Socialist Economies." Journal of Private Enterprise 21, No. 1 (Fall 2005), pp. 8-28. [This article won the "Templeton Award" for the Best Article Published in the Journal of Private Enterprise for 2005].

Kreft, Steven F. and Russell S. Sobel. "Public Policy, Entrepreneurship, and Economic Freedom," Cato Journal 25, No. 3 (Fall 2005), pp. 595-616. [Topic of National Economic Trends (St. Louis Federal Reserve Bank) cover article "Entrepreneurship" (May 2004; Page 1)].

Sobel, Russell S. "Can Public Choice Theory Explain the U.S. Budget Surpluses of the 1990s?" Journal of Public Finance and Public Choice 23, No. 3 (2004), pp. 169-182.

Sobel, Russell S. and Jennis J. Taylor, "The Last 30 Years of Public Choice: An Analysis of Author and Institution Rankings." Public Choice 120, No. 3/4 (September 2004), pp. 331-352.

Garrett, Thomas A. and Russell S. Sobel. "State Lottery Revenue: The Importance of Game Characteristics." Public Finance Review 32, No. 3 (May 2004), pp. 313-330.

Wagner, Gary A. and Russell S. Sobel. "Expressive Voting and Government Redistribution: Testing Tullock's 'Charity of the Uncharitable'." Public Choice 119, No. 1/2 (April 2004), pp. 143-159.

Thomas A. Garrett and Russell S. Sobel. "The Political Economy of FEMA Disaster Payments." Economic Inquiry 41, No. 3 (July 2003): 496-509. [Topic of The New York Times article "Disaster Aid: The Mix Of Mercy and Politics" (November 2, 2003, Section 4; Page 1) and The New York Times article "At FEMA, Disasters and Politics Go Hand in Hand" by Alan B. Krueger (September 15, 2005, Section C; Page 2). Story and live interview also appeared on CNBC's "Closing Bell" at 4:00 p.m. on September 15, 2005].

Sobel, Russell S. and S. Travis Raines. "An Examination of the Empirical Derivatives of the Favorite-Longshot Bias in Racetrack Betting." Applied Economics 35, No. 4 (2003), pp. 371-385.

Sobel, Russell S. "Defending the Articles of Confederation: A Reply to Dougherty." Public Choice 113, No. 3/4 (December 2002), pp. 287-299.

Sobel, Russell S. and Thomas A. Garrett. "On the Measurement of Rent Seeking and its Social Opportunity Cost." Public Choice 112, No. 1/2 (July 2002), pp. 115-136.

Sobel, Russell S. "Public Health and the Placebo: The Legacy of the 1906 Pure Food and Drugs Act." Cato Journal, 21, No. 3 (Winter 2002), pp. 463-480. [The paper was cited and discussed in the Wall Street Journal article "Economy Got You Blue? Or Vice Versa?" (Wednesday, June 26, 2002, page A19)].

Sobel, Russell S. "A Public Choice Explanation for the Budget Surplus." Journal of Economic Perspectives 15, no. 4 (Fall 2001), pp. 219-221.

Holcombe, Randall G. and Russell S. Sobel. "Public Policy Toward Pecuniary Externalities." Public Finance Review 29, No. 4 (July 2001), pp. 304-325.

Sobel, Russell S. and Randall G. Holcombe "The Unanimous Voting Rule is Not the Political Equivalent to Market Exchange," Public Choice 106, No. 3/4 (March 2001), pp. 233-242.

Wagner, Gary A. and Russell S. Sobel. "New Empirical Evidence of the Role of Interest Groups in Influencing the Growth of Government." Journal of Public Finance and Public Choice 18, No. 2/3 (2000), pp. 83-100.

Holcombe, Randall G. and Russell S. Sobel. "Consumption Externalities and Economic Welfare." Eastern Economic Journal 26, No. 2 (Spring 2000), pp. 157-170.

Reece, William S. and Russell S. Sobel "Capacity-constrained Price Discrimination." Southern Economic Journal 66, No. 4 (April 2000), pp. 1001-1008.

Sobel, Russell S. "Theory and Evidence on the Political Economy of the Minimum Wage." Journal of Political Economy 107, No. 4 (August 1999), pp. 761-785.

Sobel, Russell S. "In Defense of the Articles of Confederation and the Contribution Mechanism as a Means of Government Finance: A General Comment on the Literature." Public Choice 99, No. 3/4 (June 1999), pp. 347-356.

Thomas A. Garrett and Russell S. Sobel. "Gamblers Favor Skewness not Risk: Further Evidence from United States Lottery Games." Economics Letters 63, No. 1 (April 1999), pp. 85-90.

Sobel, Russell S. and Gary A. Wagner. "On the Determinants of Congressional Bill Sponsorship and Voting Behavior with an Application to Government Growth Theories." Journal of Public Finance and Public Choice 42, No. 2/3 (1998), pp. 87-116.

Sobel, Russell S. "The Political Costs of Tax Increases and Expenditure Reductions: Evidence from State Legislative Turnover." Public Choice 96, No. 1/2 (July 1998), pp. 61-79.

Sobel, Russell S. "Exchange Rate Evidence on the Effectiveness of U.N. Policy." Public Choice 95, No. 1/2 (April 1998), pp. 1-25.

Sobel, Russell S. "Optimal Taxation in a Federal System of Governments." Southern Economic Journal 64, No. 2 (October 1997), pp. 468-486.

Sobel, Russell S., and Thomas A. Garrett. "Taxation and Product Quality: New Evidence from Generic Cigarettes." Journal of Political Economy 105, No. 4 (August 1997), pp. 880-887.

Sobel, Russell S. "The Distinction Between True and Induced Free Riders: An Application to GATT De Facto Membership." Public Finance Review (formerly Public Finance Quarterly) 25, No. 4 (July 1997): 366-392.

Sobel, Russell S. and Randall G. Holcombe. "Measuring the Growth and Variability of Tax Bases Over the Business Cycle." National Tax Journal 49, No. 4 (December 1996), pp. 535-552.

Sobel, Russell S. "Vibert's European Union: A United Nations or United States?" Constitutional Political Economy 7, No. 4 (1996), pp. 309-316.

Sobel, Russell S. and Randall G. Holcombe. "The Impact of State Rainy Day Funds in Easing State Fiscal Crises during the 1990-1991 Recession." Public Budgeting and Finance 16, No. 3 (Fall 1996), pp. 28-48.

Holcombe, Randall G. and Russell S. Sobel. "The Stability of International Coalitions in United Nations Voting from 1946 to 1973." Public Choice 86, No. 1/2 (January 1996), pp. 17-34.

Holcombe, Randall G. and Russell S. Sobel. "The Relative Variability of State Income and Sales Taxes Over the Revenue Cycle." Atlantic Economic Journal 23, No. 2 (June 1995), pp. 97-112. [This article won the "AEJ Best Article of the Year Award" for 1995].

Sobel, Russell S. "Empirical Evidence on the Union Free Rider Problem: Do Right-to-Work Laws Matter?" Journal of Labor Research 16, No. 3 (Summer 1995), pp. 347-365.

Sobel, Russell S. and Robert A. Lawson. "Intrastate Differences in Representative and Senator Behavior: The Relative Impact of District Elections, Ideology, and Shirking." Journal of Public Finance and Public Choice 13, No. 1 (April 1995), pp. 3-17.

Holcombe, Randall G. and Russell S. Sobel. "Empirical Evidence on the Publicness of State Legislative Activities." Public Choice 83, No. 1/2 (April 1995), pp. 47-58.

Sobel, Russell S. "The League of Nations Covenant and the United Nations Charter: An Analysis of Two International Constitutions." Constitutional Political Economy 5, No. 2, (Spring/Summer 1994), pp. 173-192.

Sobel, Russell S. "Political Incentives and Legislative Voting." Journal of Public Finance and Public Choice 10, No. 2/3 (December 1992), pp. 171-182.


Sobel, Russell S. "Welfare Economics and Public Finance," Chapter 2 in Handbook of Public Finance, Edited by Jurgen G. Backhaus and Richard E. Wagner, Kluwer Academic Publishers, 2004, pp. 19-51.

Sobel, Russell S. “Economic Freedom and Entrepreneurship,” Chapter 2 in Donald J. Boudreaux (ed.), What America’s Decline in Economic Freedom Means for Entrepreneurship and Prosperity. Vancouver, BC: The Fraser Institute, 2015, pp. 37-66. [Book was winner of 2015 Sir Antony Fisher Memorial Award]