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Madmen, Intellectuals, and Academic Scribblers
Madmen, Intellectuals, and Academic Scribblers presents a simple, economic framework for understanding the systematic causes of political change. Wayne A. Leighton and Edward J. López take up three interrelated questions: Why do democracies generate policies that impose net costs on society? Why do such policies persist over long periods of time, even if they are known to be socially wasteful and better alternatives exist? And, why do certain wasteful policies eventually get repealed, while others endure? The authors examine these questions through familiar policies in contemporary American politics, but also draw on examples from around the world and throughout history. Assuming that incen...
The Pursuit of Justice
The Pursuit of Justice is a realistic yet hopeful analysis of how the law works in practice rather than in theory. The multi-chapter discussion recognizes that decision makers in the law - judges, lawyers, juries, police, forensic experts and more - respond systematically to the incentive structures with which they are confronted.
Property Takings in Developed Versus Developing Countries
In the spirit of the Upton Forum, I will take this opportunity to compare and contrast takings in developing versus developed countries (specifically the United States). I will argue that takings differ in the two realms by the political processes through which they pass, which reflects the different institutional and ideological contexts through which they are enacted. These political differences help explain the fact that the distributional effects operate in opposing directions in the two settings: from rich to poor in developing countries but from poor to rich in the United States. Yet there is an important similarity as well. Takings in both developed and developing countries alter people's incentives for maintaining and investing in their property. This paper explores these margins of contrast between takings in the developed versus developing world, and then discusses implications for the primary economic justification of the takings power, known as the holdout problem. The holdout problem is an argument based on economic efficiency, but it does not account for two sources of inefficiency that I highlight here.
Public Governance and the Classical-Liberal Perspective
A distinctive perspective on governance: the building blocks -- Classical liberalism : delineating its theory of governance -- Function, structure, and process at the private-public interface -- Dynamic governance : the polycentrism process and knowledge processes -- Public choice and public administration : the confluence -- Public administration and public choice : charting the field -- Public choice, public administration, and self-governance : the Ostromian confluence -- Heterogeneity, coproduction, and polycentric governance : the Ostroms' public choice institutionalism revisited -- Framing the applied level : themes, issue areas, and cases -- Metropolitan governance : polycentric solutions for complex problems -- Independent regulatory agencies and their reform : an exercise in institutional imagination -- Polycentric stakeholder analysis : corporate governance and corporate social responsibility -- Conclusions: governance and public management : a vindication of the classical-liberal perspective?
The Driving Force of the Collective
This book investigates why Austrian economists fail to apply the spontaneous order framework to cooperative relationships – such as a dynamic and evolving public sector – that might complement a thriving market. In direct response to Israel Kirzner's The Driving Force of the Market, Nell challenges traditional Austrian economics by proposing "democratic process theory" as a parallel to market process theory, highlighting the possibilities for an economic organization that harnesses the power of transparent and effective democracy. Keeping in mind the central problems experienced in socialist and capitalist countries due to self-interested political and economic actors, The Driving Force of the Collective highlights the public sector advantages of allowing culture and institutions to evolve endogenously as a spontaneous public sector order.
Lobbying and Policymaking
What is the impact of lobbying on the policymaking process? And who benefits? This book argues that most research overlooks the lobbying of regulatory agencies even though it accounts for almost half of all lobbying - even though bureaucratic agencies have considerable leeway in how they choose to implement law.
Standard of Living
This anthology honors the life and work of American economist John E. Murray, whose work on the evolution of the standard of living spanned multiple disciplines. Publishing extensively in the areas of the history of healthcare and health insurance, labor markets, religion, and family-related issues from education to orphanages, fertility, and marriage, Murray was much more than an economic historian and his influence can be felt across the wider scholarly community. Written by Murray’s academic collaborators, mentors, and mentees, this collection of essays covers topics such as the effect of the 1918 influenza pandemic on U.S. life insurance holdings, the relationship between rapid economic growth and type 2 diabetes, and the economics of the early church. This volume will be of use to scholars and students interested in economic history, cliometrics, labor economics, and American and European history, as well as the history of religion.
