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CONSTITUTIONAL REFORM：A PREREQUISITE FOR SUPPLY-SIDE ECONOMICS
CONSTITUTIONAL REFORM SUPPLY-SIDE ECONOMICS
2008/12/8
A Political Post-Mortem on Supply-Side Economics
We no longer hear much about supply-side economics. Its strongest
proponents have left the Reagan administration and those who
remain appear to have...
THE CONSTITUTIONAL CHAOS OF INDUSTRIAL POLICY
INDUSTRIAL POLICY governmental intervention market economy
2008/12/8
As its contemporary advocates employ the term, “industrial policy”
imports a peculiar form of governmental intervention in the evolutionary
process of the market economy.1 In its turn, governmental
...
Whatare the characteristics ofa “fair” system oftaxes and transfers?
All too often, contemporary political discussion oftaxes and transfers
uses a concept of fairness that provides little basis for ...
CONSTRAINING THE TRANSFER SOCIETY：CONSTITUTIONAL AND MORAL DIMENSIONS
TRANSFER SOCIETY MORAL DIMENSIONS economics literature
2008/12/5
The recent emphasis in the economics literature on transaction
costs and contracting has provided economists with a much clearer
understanding ofthe social coordination process in a market setting...
PROCEDURAL AND SUBSTANTIVE CONSTITUTIONAL PROTECTION OF ECONOMIC LIBERTIES
CONSTITUTIONAL PROTECTION ECONOMIC LIBERTIES Republic’s constitutionally
2008/12/4
Introduction
Recent history and the Bicentennial of the U.S. Constitution have
revived interest in long-standing questions about the Republic’s constitutionally
constructed political andjudicial in...
America’s foremost political scientist Harold Las swell (1936) defined
politics as “who gets what, when and how.” Paul Samuelson (1976),
one ofthe nation’s leading economists, wrote: “Economics is d...
KEY EXCHANGE RATE REGIMES：A CONSTITUTIONAL PERSPECTIVE
EXCHANGE RATE CONSTITUTIONAL PERSPECTIVE international monetary reform
2008/12/3
After a decade and a half of experience with the widespread use of
flexible exchange rates among the major industrial countries, wehave
learned a great deal. But disputes about exchange rate policie...
BUDGET DEFICITS AND CONSTITUTIONAL CONSTRAINTS
BUDGET DEFICITS CONSTITUTIONAL CONSTRAINTS economic growth
2008/12/3
Budget deficits were regarded as the ultimate propellant of economic
growth when, under the influence of the “Keynesian revolution,”
most economists believed that high employment and stability
coul...
TOWARD AN OPEN WORLD ORDER：A CONSTITUTIONAL ECONOMICS APPROACH
OPEN WORLD ORDER ECONOMICS APPROACH international order
2008/12/3
Some economists argue that the absence of an international government
is a serious hindrance to an open world order. In this paper,
I explore the nature of an international order and argue that an
...
MORALITY AND MONOPOLY：THE CONSTITUTIONAL POLITICAL ECONOMY OF RELIGIOUS RULES
POLITICAL ECONOMY Moral philosophy economic analysis
2008/11/22
Moral philosophy and economic analysis have long been thought
to be entirely separate and distinct undertakings. The modern theory
of human capital has opened communication between these traditional...
CONSTITUTIONAL EFFICIENCY AND THE EUROPEAN CENTRAL BANK
EUROPEAN CENTRAL BANK CONSTITUTIONAL EFFICIENCY
2008/11/7
Constitutional efficiency, as opposed to the term “efficiency,” used
without the modifying adjective, applies the criterion for judgment to
the operation of an institution over a whole sequence or s...