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Is "rule of law" anything more than a fictional allusion? After all, "law" is an abstract noun, and abstract nouns can't rule. Only people can rule. Rule of law is a fiction, one that has been around since ancient times. Whether, or under what circumstances, rule of law might be an ideal type...
Persistent link: https://www.econbiz.de/10013083324
The rise of independent institutions, particularly central banks, and the increasing significance of the interplay between monetary, fiscal, and financial policies demand a critical reassessment of modern macroeconomic constitutions and their institutional architectures.The paper's core focus...
Persistent link: https://www.econbiz.de/10014350741
Political constitutions are incomplete contracts and therefore leave scope for abuse of power. In democracies, elections are the primary mechanism for disciplining public officials, but they are not sufficient. Separation of powers between executive and legislative bodies also helps prevent the...
Persistent link: https://www.econbiz.de/10014060206
of prosecutorial corruption. For police officers, we find that prosecutorial independence is not decisive, but … prosecutorial corruption matters for whether suspected misconduct is likely to be prosecuted. …
Persistent link: https://www.econbiz.de/10011729503
Persistent link: https://www.econbiz.de/10002243750
We use rich microdata on bank robberies to estimate individual-level disutilities of imprisonment. The identification rests on the money versus apprehension trade-off that robbers face inside the bank when deciding whether to leave or collect money for an additional minute. The distribution of...
Persistent link: https://www.econbiz.de/10011664459
This article examines James Buchanan's conception of lawmaking, with specific respect to the institutional features he proposes in order to promote individual liberty. Buchanan's constitutional framework is based on his perception of the nature of lawmaking and the sources of law. This paper...
Persistent link: https://www.econbiz.de/10012847678
Persistent link: https://www.econbiz.de/10010419596
An examination and critique of the functionalist literature on corruption in the political administration of less …, economic and administrative effects in most LDCs contrast with the facts. No benefits for development from corruption are found …; market corruption, for example, does not appear to improve allocative efficiency. The erosion in a government's capacity to …
Persistent link: https://www.econbiz.de/10013024989
levels of corruption across governments, their subunits, and over time.The simple premise is that corruption nearly always … the ability to engage in CA; variations in levels of corruption across countries and over time can be explained in terms … of these factors. Specific factors, such as the type of corruption, number of losers, the size of their losses, and …
Persistent link: https://www.econbiz.de/10013024997