Leeson, Peter; Subrick, J. - In: The Review of Austrian Economics 19 (2006) 2, pp. 107-111
This paper introduces the idea of “robust political economy.” In the context of political economic systems, “robustness … systems requires an analysis of alternative systems' robustness. The Mises-Hayek critique of socialism forms the foundation … for investigations of robustness that relax ideal informational assumptions. The Buchanan-Tullock public choice approach …