This volume of intellectual biography takes the Italian economist, sociologist, political scientist Vilfredo Pareto (1848-1923) from his disillusionment with liberal and pacifist activism, to the original development of pure economics and the composition of his Treatise on General Sociology and...

This second volume follows Pareto from his time teaching at Lausanne to the juncture in his life where he first began to make theoretical contributions of his own. Mornati considers Pareto's work on pure economics, general equilibrium, welfare economics and the economic case for socialism, as...

In the presence of competing interest groups, this paper examines how the form of votebuying contracts affects policy outcomes. We study contracts contingent upon individual votes, policy outcomes, and/or vote shares. Voters either care about their individual votes, or about the policy outcome....

While most economists agree that seigniorage is one way governments finance deficits, there is less agreement about the political, institutional, and economic reasons for relying on it. This paper investigates the main determinants of seigniorage using panel data on about 100 countries, for the...

The countries that were once British colonies in the Caribbean share a common language and a colonial history of slavery, dominance of a plantation-based sugar industry, and broadly similar government and administrative traditions. Following independence in the late-1960s economic strategies and...

Viewing fiscal policies as the outcome of democratically resolved conflicts of households over public goods and taxes, the “economic model of politics” proposes a public choice approach, which does not rely on social welfare functions. With it, a country’s overall budget can be derived...