Showing 131 - 140 of 342
James M. Buchanan co-founded the field of Public Choice. He was influenced by Austrian economics, and in turn influenced Austrian economics. In particular, he advanced the understanding of subjectivist cost theory. His individualist approach to public policy making has been adopted by many...
Persistent link: https://www.econbiz.de/10010863621
The most important distinction between Virginia political economy (VPE) and the other branches of public choice scholarship is a close affinity of the former to Austrian economics. Contributions in both the Virginia and the Vienna (Austrian) traditions have emphasized this connection and...
Persistent link: https://www.econbiz.de/10010863654
Persistent link: https://www.econbiz.de/10010863734
Persistent link: https://www.econbiz.de/10010863900
This short essay is a memorial piece about William A. Niskanen (13 March 1933–26 October 2011). The essay starts with his time at the University of Chicago in the mid-1950s, and gives most attention to his contributions to public choice. Especial attention is paid to his Bureaucracy and...
Persistent link: https://www.econbiz.de/10010864484
Thomas E Borcherding passed away on February 12, 2014, of congestive heart failure. He was 74. He is survived by his wife, Rhoda, and his sons Matthew and Benjamin. He made important, lasting contributions to the discipline of economics, particularly to the fields of public choice and law and...
Persistent link: https://www.econbiz.de/10010864549
Persistent link: https://www.econbiz.de/10010864561
The paper examines the scientific work of Alberto Alesina as leader of a new school of macroeconomic political economy which has renovated and broadened the content of this branch of the economic science. His political economy is not dominated by the axiomatic normative economics, where...
Persistent link: https://www.econbiz.de/10010866492
This paper explores the extent to which human capital improves the economic policy competence of US presidents. Several recent studies have used international data to test similar hypotheses. However, international studies suffer from a variety of comparability issues, not all of which can be...
Persistent link: https://www.econbiz.de/10010866651
The relationship between decentralization and economic growth is generally studied from a perspective stressing universal or quasi-universal regularities across jurisdictions. That approach has generated many insights but seems to reach its limits. The paper explains why it allows contrasting...
Persistent link: https://www.econbiz.de/10010866672