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Democratic governments can be either national or federal in form. Whether the form of democracy matters, how it matters if, indeed, it does matter, and for whom it might matter are the types of questions this paper explores. Federalism is generally described as a pro-liberty form of government....
Persistent link: https://www.econbiz.de/10013073882
It is common to think of federalism as a governmental arrangement that entails competition among governments. Thinking this way, however, is problematic. A competitive system is generally associated with the notion of polycentricity, as illustrated by a market system of free and open...
Persistent link: https://www.econbiz.de/10013026969
Drawing inspiration from Ross Emmett's (2006) imaginative construction of what Frank Knight might have thought about the Stigler-Becker formulation of Die Gustibus, I ask what Arthur Lovejoy (1936) might have thought about the origin of public choice. He would surely have denied that public...
Persistent link: https://www.econbiz.de/10013010541
When considered as a unified project, the Ostroms' themes of polycentricity, self-governance, and the art and science of association have strong intellectual roots and connections with Austrian economics. In this paper, we show the close relationship between the Ostroms and the Austrians. We...
Persistent link: https://www.econbiz.de/10013006459
Federalism is commonly thought to be a pro-liberty system of government, in contrast to a unitary system. Within a unitary system, people face but a single government that taxes and regulates. Within federal systems, however, people face two or more governments that tax and regulate. In light of...
Persistent link: https://www.econbiz.de/10013054203
The current public debt crises in Western democratic countries provide an important illustration of what Adam Smith had described as the “juggling trick” – namely deficit increases, accumulation of debt, and debasement of currency – that all governments resort to when confronted with...
Persistent link: https://www.econbiz.de/10013018779
Elinor Ostrom and her colleagues in The Workshop in Political Theory and Policy Analysis at Indiana University in Bloomington conducted fieldwork in metropolitan police departments across the United States. Their finding in support of community policing dealt a blow to the popular belief that...
Persistent link: https://www.econbiz.de/10013018783
When directives rather than contracts determine rights to water flows, agents will substitute away from securing water rights by contract toward securing them through political directives. Especially when they are legitimated by court rulings, such directives alter the rules that govern social...
Persistent link: https://www.econbiz.de/10012992724
This paper analyzes the concept of municipal bankruptcy in a comparative framework with commercial bankruptcy. Cities are corporate bodies that continue to exist despite the ever changing identities of the residents. The common designation of cities as municipal corporations suggests an affinity...
Persistent link: https://www.econbiz.de/10013063810
This article introduces Buchanan's comment on Tiebout's "A Pure Theory of Local Public Expenditures". It helps us to understand the nature of the relationship between Buchanan and Tiebout. Usually, it is claimed that Buchanan modeled Tiebout's insights, that there exists a Buchanan-Tiebout...
Persistent link: https://www.econbiz.de/10012999344