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Volatile States
Why do American state economies grow at such vastly different rates and manifest such wide differences in living standards? Volatile States identifies the sources of rising living standards by examining the recent economic and fiscal history of the American states. With new insights about the factors that contribute to state economic success, the book departs from traditional analyses of economic performance in its emphasis on the role of volatility. Volatile States identifies institutions and policies that are key determinants of economic success and illustrates the considerable promise of a mean-variance criterion for assessing state economic performance. The mean-variance perspective amen...
The Impact of Regulatory Costs on Small Firms
This is a print on demand edition of a hard to find publication. The annual cost of federal regulations in the U.S. increased to more than $1.75 trillion in 2008. Had every U.S. household paid an equal share of the federal regulatory burden, each would have owed $15,586 in 2008. While all citizens and businesses pay some portion of these costs, the distribution of the burden of regulations is quite uneven. The portion of regulatory costs that falls initially on businesses was $8,086 per employee in 2008. Small businesses, defined as firms employing fewer than 20 employees, bear the largest burden of federal regulations. This report shows that as of 2008, small businesses face an annual regulatory cost of $10,585 per employee, which is 36% higher than the regulatory cost facing large firms (500+ employees). Ill.
The Encyclopedia of Public Choice
The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and m...
Televised Legislatures: Political Information Technology and Public Choice
Our interest in studying televised legislatures was kindled by two episodes. The first was a series of rejections by the U.S. Senate between 1984 and 1986 of resolutions to permit live television coverage of floor proceedings. The second was the 1984 "Camscam affair," the media label given to a partisan war over camera coverage of U.S. House proceedings. Each episode, if nothing else, made plain the intensity of the feelings that elected representatives feel about televised sessions. Legislative television was not taken lightly by those who had the most to gain or lose. Surveys indicate that legislative watchers, "C-SP AN junkies," number in the millions and penetration of cable access to te...
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