This paper consults multiple literatures to specify and evaluate the economic rationales for term limitation, particularly on Congress. Two main lines of argument are considered, both of which begin with the empirical phenomenon of high and rising congressional tenure. First, supporters of term...

The paper examines the political economy process culminating in the first Oklahoma Land Run; it adapts Schumpeter's theory of the entrepreneur to the political process, and uses the "political entrepreneur"; to dynamically link the theories of Peltzman and Olson. The Land Rush is analyzed as...