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This year marks the sixtieth anniversary of the book that established the field of public choice – The Calculus of Consent by James M. Buchanan and Gordon Tullock. The year is also the thirtieth anniversary of Elinor Ostrom’s “Covenants With and Without a Sword,” in which she...
Persistent link: https://www.econbiz.de/10013294171
credentials and legitimacy. The normative appraisal depends on the conception of democracy adopted. While critics frequently … espouse a majoritarian conception, this paper argues that it is too thin of a model of democracy. Alternatively, it argues … that a pluralistic conception of liberal democracy is thicker, and truer to the fundamental values of liberty and political …
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This paper explores the interventionist mindset required for success under the U.S. government's foreign policy strategy of liberal hegemony. This approach to foreign policy contains an inherent tension. Its adherents claim a commitment to liberal values but successfully implementing the...
Persistent link: https://www.econbiz.de/10013002491
We develop a theoretical model to study the welfare effects of libertarian paternalism on information acquisition, social learning, and financial decision-making. Individuals in our model are permitted to appreciate and use the information content in the default options set by a social planner....
Persistent link: https://www.econbiz.de/10013146853
, students and even politicians. There is a sense in which it is regarded as a manifesto of traditional liberalism. But the book …
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