Journal ArticleDOI
An Economic Theory of Political Action in a Democracy
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For example, this article argued that the private sector is a self-regulating mechanism and that any government action beyond maintenance of law and order is "interference" with it rather than an intrinsic part of it.Abstract:
IN SPITE of the tremendous importance of government decisions in every phase of economic life, economic theorists have never successfully integrated government with private decision-makers in a single general equilibrium theory. Instead they have treated government action as an exogenous variable, determined by political considerations that lie outside the purview of economics. This view is really a carry-over from the classical premise that the private sector is a self-regulating mechanism and that any government action beyond maintenance of law and order is "interference" with it rather than an intrinsic part of it.2 However, in at least two fields of economic theory, the centrality of government action has forced economists to formulate rules that indicate how government "should" make decisions. Thus in the field of public finance, Hugh Dalton states:read more
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Cana, Café, Cacau : Agrarian structure and educational inequalities in Brazil
TL;DR: This paper explored the relationship between agrarian structure and human capital formation between and within Brazil's federal units and argued that whether states' agriculture is in plantation style, based on cheap coerced labor, or organized around family farming matters for the formulation of educational policies.
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On the political economics of tax reforms: survey and empirical assessment
TL;DR: The authors reviewed the political economics literature on personal income tax systems and reforms to see how political mechanisms help explain tax reforms and found that political variables carry more weight than economic variables, and empirical regularities that support political economy theories.
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Utility profits, fiscal illusion, and local public expenditures
TL;DR: The main purpose of as mentioned in this paper was to examine the effects of internal subsidization by municipal utilities on local public expenditures and tax burdens, and it was found that subsidy cities had larger expenditure levels, all other things equal, which adds support for the main hypothesis.
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The rain in Spain: Turnout and partisan voting in Spanish elections
TL;DR: In this article, the causal effect of turnout on electoral results in Spanish General Elections has been investigated using detailed data on election day rainfall from more than 3000 weather stations as an instrument.
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Inspecting the Investigators: An Analysis of Television Investigative Journalism and Factors Leading to Its Production:
TL;DR: A nationwide content analysis of television stations showed low levels of investigative journalism quality and quantity as discussed by the authors, and most stories introduced as "investigative" were not investigative by definit...