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Jurisprudence, ISSN 2040-3313, 07/2019, Volume 10, Issue 3, pp. 334 - 353
How should judges reason in a well-ordered constitutional democracy? According to John Rawls's famous remarks in Political Liberalism, they ought to do so in... 
constitutional crisis | Living Constitutionalism | public reason | Rawls | constitutional interpretation | originalism
Journal Article
Social Science Quarterly, ISSN 0038-4941, 06/2019, Volume 100, Issue 4, pp. 1241 - 1253
Objective It is widely accepted that good institutions caused modern economic prosperity. But what caused good institutions? In this article we challenge... 
INSTITUTIONS | ORIGINS | COMMITMENT | POLITICAL SCIENCE | STATE CAPACITY | EXCHANGE | GOVERNMENT | FEDERALISM | RISE | SOCIOLOGY | Sovereignty | Analysis | Interpretation and construction | Europe | Public administration | Constitutions | Traditions | Modernity | Property rights | Middle Ages | Balance of power | Rule of law | Economic conditions | Governance | Institutions | Wealth
Journal Article
Contemporary Economic Policy, ISSN 1074-3529, 11/2019
Journal Article
Quarterly Review of Economics and Finance, ISSN 1062-9769, 11/2018, Volume 70, pp. 21 - 25
Since the 2008 financial crisis, a number of economists have suggested that central banks should follow an NGDP-targeting rule. Other researchers have argued... 
Free banking | Inflation targeting | Monetary policy rules | Business cycles | NGDP targeting | Macroeconomic stability | Monetary policy | Banks (Finance)
Journal Article
The Independent Review, ISSN 1086-1653, 1/2017, Volume 21, Issue 3, pp. 443 - 464
Rules versus Discretion in the Monetary Authority In the vast majority of advanced economies, the institution responsible for conducting monetary policy is the... 
POLICY | ECONOMICS | DISCRETION | POLITICAL SCIENCE | FREE BANKING | Monetary policy | Evaluation | Economic models | Banking | Rules and practice | Central banks | Economic conditions | Political economy | Discretion | Money | Inflation | Recessions | Reforms | Majority rule | Macroeconomics | Rule of law | Economic crisis
Journal Article
Journal of Economic Behavior and Organization, ISSN 0167-2681, 12/2018, Volume 156, pp. 13 - 22
We develop a theory of self-enforcing monetary constitutions. A monetary constitution is the framework of rules within which money-providing and money-using... 
Free banking | Sovereignty | Political property rights | Suffolk system | Polycentricity | Monetary constitution | COMMITMENT | GOVERNANCE | POLITICAL FOUNDATIONS | ECONOMICS | FEDERALISM | Banks (Finance) | Analysis | Business schools
Journal Article
The Review of Austrian Economics, ISSN 0889-3047, 3/2017, Volume 30, Issue 1, pp. 39 - 49
The New Austrian (also called Neo-Mengerian) paradigm emphasizes the importance of nonequilibrium and emergent processes in explaining the social world. In... 
Economics | History of Economic Thought/Methodology | B53 | Public Finance | E02 | Praxeology | Institutions | Political Science | Catallaxy | Emergence | Menger | New Austrian | E60 | Institutional economics | Analysis | Macroeconomics | Economic policy | Paradigms | Social sciences
Journal Article
Economic Affairs, ISSN 0265-0665, 10/2016, Volume 36, Issue 3, pp. 294 - 308
I develop a robust political economy of bureaucracy by highlighting the conditions necessary for hierarchical administrative bodies to govern protectively and... 
cameralism | jurisdictional competition | bureaucracy | polycentricity | post‐cameralism | residual claimancy | robust political economy | post-cameralism | Economic aspects | Business schools
Journal Article
American Political Science Review, ISSN 0003-0554, 12/2015, Volume 109, Issue 4, pp. 725 - 734
I explore how political property rights to revenues from governance relate to generality norms in governance. I do so by examining the rise of Western... 
LAW | DEMOCRACY | POLITICAL SCIENCE | COASE THEOREM | DICTATORSHIP | GOVERNMENT | ECONOMY | Right of property | Economic aspects | Revenue | Political aspects | Liberalism | Economics | Hierarchy | Property rights | Constitutions | Political elites | Politics | Governance | Political development | Political economy | Political parties
Journal Article
Review of Social Economy, ISSN 0034-6764, 07/2018, Volume 76, Issue 3, pp. 281 - 301
Constitutional political economy mostly distinguishes between rules and actions, with rules selected prior to actions within those rules. While we accept the... 
paradox of power | P16 | constitutional politics | Open systems | emergent dynamics | Z10 | political entrepreneurship | constitutional interpretation | D72 | P43 | Political systems | Entrepreneurship | Entrepreneurs | Constitutions | Dietary supplements | Politics | Political economy
Journal Article
Journal of Institutional Economics, ISSN 1744-1374, 2018, Volume 15, Issue 3, pp. 505 - 519
The problem of financial stability is political and institutional, rather than narrowly economic. To achieve a more resilient financial system, we need to pay... 
Elinor Ostrom | Central banking | financial crisis | financial regulation | free banking | ROBUSTNESS | INSTITUTIONS | SOCIAL-ECOLOGICAL SYSTEMS | POLYCENTRICITY | HIGHLY OPTIMIZED TOLERANCE | ECONOMICS
Journal Article
Journal of Private Enterprise, ISSN 0890-913X, 09/2019, Volume 34, Issue 3, pp. 89 - 106
This paper considers the effects of changing expectations under macroeconomic policies that rely on targeting nominal variables, such as NGDP targeting. These... 
Monetary policy | Economic models | Theory | Price levels | Banking | Central banks | Economic conditions | Equilibrium | Problems | Gross Domestic Product--GDP | Recessions | Inflation | Macroeconomics
Journal Article
Georgia Journal of International and Comparative Law, ISSN 0046-578X, 09/2018, Volume 47, Issue 1, p. 1
Journal Article
The Independent Review, ISSN 1086-1653, 4/2017, Volume 21, Issue 4, pp. 569 - 585
My purpose in this article is to develop a theory of political dysfunction as it relates to constitutional drift-the tendency of de facto political procedures... 
DEMOCRACY | POLITICAL SCIENCE | ECONOMICS | Power (Social sciences) | Political aspects | Analysis | Constitutional law | Economics | Sovereignty | Political theory | Political power | Theory | State laws | Property rights | Constitutions | Political elites | Bureaucracy | Political economy | Governance | Governors | Problems | Political science theories | Political science | Feedback | Organizational change | Democracy | Politics | Rule of law
Journal Article
Journal of Private Enterprise, ISSN 0890-913X, 12/2016, Volume 31, Issue 4, pp. 1 - 20
I present a theory of political property rights that complements familiar Tiebout mechanisms in explaining governance outcomes. I argue that when the structure... 
Productive governance | Political property rights | Predatory governance | Private governance | Right of property | Book publishing | Democracy | Costs | Politics | Economic conditions | Decision making | Property rights
Journal Article
The Review of Austrian Economics, ISSN 0889-3047, 12/2017, Volume 30, Issue 4, pp. 517 - 532
Contemporary monetary systems permit those in positions of authority to exercise discretionary power in the pursuit of monetary policy objectives. We argue... 
Economics | History of Economic Thought/Methodology | Public Finance | Monetary policy | Monetary institutions | Rule of law | Political Science | Liberalism | Economic models
Journal Article
Journal of Money, Credit, and Banking, ISSN 0022-2879, 03/2015, Volume 47, Issue 2-3, p. 333
  Former Federal Reserve Chairman Ben Bernanke has claimed that the Fed's bank bailouts during the 2008 financial crisis were consistent with Walter Bagehot's... 
Studies | Federal Reserve monetary policy | Banks | Bailouts | Central banks | Economic crisis
Journal Article
Constitutional Political Economy, ISSN 1043-4062, 09/2015, Volume 26, Issue 3, pp. 375 - 390
The purpose of this paper is to analyze the political philosophy of John C. Calhoun from the perspective of Virginia Political Economy. Specifically, this... 
Democracy | Analysis
Journal Article
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