Summary of JOIE Article by Peter J. Hill, Professor Emeritus Wheaton College, Senior Fellow, Property and Environment Research Center. Full article available on the JOIE website. In any discussion of the beginnings of modern economic growth the concept of the rule of law plays a crucial role. In Violence and Social Orders: A Conceptual Framework for…
Category: Article Summary
Experienced People have the least Faith in Institutions
Summary of JOIE article (First View, 14 January 2020) by Benito Arruñada, Pompeu Fabra University and BGSE, Barcelona. The full article is available on the JOIE website. Experienced people, those who get in touch with rule-of-law institutions, perceive that they work worst. Therefore, optimism on the functioning of institutions seems to be the privilege of the inexperienced, especially of…
The Origins of Buchanan’s Views on Federalism, Chicago 1946-1947
Summary of JOIE article (First View, 26 December 2019) by Alain Marciano, Professeur d’Économie, Directeur Scientifique de Montpellier Recherche en Économie. The full article is available on the JOIE website James Buchanan was a longstanding advocate of federalism. Contrary to some accounts, he did not first defend federalism in the 1950s, in response to the desegregation…
“Mauss’s Gift, or The Necessity of an Institutional Perspective in Economics
Summary of JOIE article (First View, 29 October 2019) by Mario Aldo Cedrini, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Angela Ambrosino, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino, Roberto Marchionatti, Dipartimento di Economia e Statistica “Cognetti de Martiis”, Università di Torino and Alain Caillè, Laboratoire Sophiapol, Université…
Fighting on Christmas: Brawling as Self-Governance in Rural Peru
Summary of JOIE article (First View, 19 September 2019) by Edwar E. Escalante, Lecturer of Economics, Department of Accounting, Economics, and Finance at Angelo State University, and Raymond J. March, Assistant Professor, Agribusiness and Applied Economics, North Dakota State University. The full article is available on the JOIE website. If, like Frank Constanza, you have ever felt something…
Article Summary: “The Political Economy of (De)Regulation: Theory and Evidence from the US Electricity Industry”
Summary of JOIE article (First View, 11 September 2018) by Carmine Guerriero, “Rita Levi-Montalcini” Associate Professor (RTDb),Department of Economics, University of Bologna. The full article is available on the JOIE website. Introduction Although the idea that competition helps reach allocative efficiency to the detriment of investment-inducement has been discussed at length (Acemoglu et al., 2006; Vives,…
Does National Culture Change as Countries Develop? Evidence from Generational Cleavages
Summary of JOIE article (First View, 07 October 2019) by Danko Tarabar, Assistant Professor of Economics, College of Business Administration, Winthrop University. The full article is available on the JOIE website. In recent years, culture underwent somewhat of a renaissance in the comparative development literature, largely owing to Douglass North’s seminal work on institutions as well…
Social and scientific disorder as epistemic phenomena, or the consequences of government dietary guidelines
Summary of JOIE article (First View, 23 October 2018) by Scott Scheall College of Integrative Sciences and Arts, Arizona State University, William N. Butos, Department of Economics, Trinity College, Hartford and Thomas McQuade, Independent Scholar, Honolulu. The article is open access and available on the JOIE website Science is a process, and scientific knowledge emerges out of the interactions…
How do political institutions affect fiscal capacity? Explaining taxation in developing economies”
Summary of JOIE article “How do political institutions affect fiscal capacity? Explaining taxation in developing economies”, by Roberto Ricciuti, University of Verona and CESifo; Antonio Savoia, Global Development Institute, University of Manchester; and Kunal Sen, UNU-WIDER and Global Development Institute, University of Manchester. The full article is available on the JOIE website. The capability to raise revenues from taxes – often called fiscal…