The long-standing socialist dilemma between revolution and reform is modeled as a rational choice problem faced by political producers intent on selling promises to their constituencies. To control the customer trust and worker incentive problems inherent in this exchange, revolutionaries are...

Political organizations engaged in long-term operations are viewed as firms that sell promises: their output is the expectation of a reorganization of society. Because benefits will accrue to the organization's customers and rewards will be paid out to its workers only if and when the goal is...

This paper views Islamist radicals as self-interested political revolutionaries and builds on a general model of political extremism developed in a previous paper (Ferrero, 2002), where extremism is modelled as a production factor whose effect on expected revenue is initially positive and then...

This article emphasizes the similarities between such diverse instances of public-spirited suicide as the Islamic martyrs of yesterday and today, the anarchists, the Japanese kamikaze of World War II, the Tamil Tigers of Sri Lanka, and the Christian martyrs under the Roman Empire. It tries to...

This paper attempts to explain the puzzling features of the Italian political system up to 1992 by means of an economic model of a democratic Nomenklatura, in which the normal operation of a democratic system is distorted by the self-perpetuation of a ruling elite - `Nomenklatura' - which...

This extensive book explores in detail a wide range of topics within the public choice and constitutional political economy tradition, providing a comprehensive overview of current work across the field.