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decades -- 16. Anarchy -- 17. Tullock on anarchy -- 18. Anarchism as a progressive research program in political economy …The book reprints the main articles from the 1972 volume Explorations in the Theory of Anarchy, and contains a response … though problems exist, government does not seem to offer a solution. Might anarchy be the best choice after all? This …
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We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
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We analyze the relationship between legal institutions, innovation and growth. We compare a rigid (law set ex-ante) legal system and a flexible one (law set after observing current technology). The flexible system dominates in terms of welfare, amount of innovation and output growth at...
Persistent link: https://www.econbiz.de/10013067864
The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules of redistribution is explained without any recourse to the risk-aversion of individuals. Hence, we depart from the standard legitimization of redistribution as fundamental...
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