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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Journal ArticleDOI
Political Gender Stereotypes in a List-PR System with a High Share of Women MPs: Competent Men versus Leftist Women?:
Robin Devroe,Bram Wauters +1 more
TL;DR: On the basis of a candidate's sex, voters ascribe particular personality traits, capacities, and opinions to candidates (often to the detriment of women), which are referred to as political gender... as mentioned in this paper.
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Party Politics, Governors, and Economic Policy
TL;DR: In this paper, the role of elections in governors' state tax policy making was evaluated, and it was found that the manner in which governors of different parties implement different tax policies turns crucially on the incumbent's eligibility for re-election.
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Individualism, democracy, and contract enforcement
TL;DR: In this article, the role of individualism in determining the variation in enforcement costs across countries was investigated, and it was shown that individualism positively and significantly relates to efficient contract enforcement, an association that is independent of a particular political system.
Length of Compulsory Education and Voter Turnout--Evidence from a Staged Reform. CEE DP 108.
TL;DR: In this paper, the impact of education on voter turnout in Norway has been investigated at individual, and municipality level, and it was shown that additional education has no effect on voter turn out.
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Corporate Boards’ Political Ideology Diversity and Firm Performance
TL;DR: In this paper, the authors investigate whether diversity in points of view in corporate boards, as captured by the diversity in political ideology of board members, can affect a firm's performance.