This article is an attempt to synthetically present and test the main conclusions of the State-as-Leviathan model which was developed in a classical text The Power to Tax. Analytical Foundations of Fiscal Constitution (Buchanan, Brennan 1980). In the first part the main assumptions of the model...

This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium growth is inefficient. A quot;representativequot; government (that is, one whose preferences reflect those of its constituents) endowed merely with the ability to tax and...

This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium growth is inefficient. A "representative" government (i.e. one whose preferences reflect those of its constituents) endowed merely with the ability to tax and transfer can...