By Robert Higgs | Thursday March 9, 2017 at 2:59 PM PST | Comments Off on Politics without Romance? Yes and No
James Buchanan, a pioneer in the development of public choice, viewed his approach to the study of government and politics as the analysis of “politics without romance.” But Jim couldn’t really live without the romance, and no sooner had he expelled it out the front door than he let it in the back door,...
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Tags: Constitution, James Buchanan, judges, Political Economy, Robert Higgs
By Edward Lopez | Friday June 11, 2010 at 11:14 AM PST | 0 Comments
In my earlier post I outlined the way that economics is applied to analyze incentives in the legal system. The most fruitful area of research in this vein, and arguably the most important one, has focused on the behavior of judges. Unlike consumers and producers in market settings, the relevant incentives for judges’ behavior...
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Tags: Books, Constitution, Corruption, Criminal Justice, Economics, elected judges, Elections, government corruption, government failure, judges, Law, law and economcs, legal failure, Politics, Privatization, public choice, renrt seeking, Urban Issues