Public Choice

Public Choice OnlineFirst articles

30.06.2022 | Book Review

David M. Levy and Sandra J. Peart, Towards an Economics of Natural Equals: A Documentary History of the Early Virginia School

New York, NY: Cambridge University Press, 2020. xvi + 292 Pages. USD 116.00 (hardback)

Open Access 26.06.2022

The political economy of Solon’s law against neutrality in civil wars

In 594 BCE, the Athenian lawgiver Solon, called upon to resolve a deepening social crisis, introduced a new constitution and mandated that in civil conflicts, no citizen is to remain apathetic and must take sides. Because the law seemed to support …

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26.04.2022

Regulatory capture and the dynamics of interventionism: the case of power utilities in Quebec and Ontario to 1944

To what extent are the outcomes of economic regulation intended and desired by its proponents? To address that question, we combine Stigler’s theory of regulatory capture with the Austrian theory of the dynamics of interventionism. We reframe …

27.11.2021

Epidemic disease and the state: Is there a tradeoff between public health and liberty?

This paper examines the political economy of epidemic disease. First, it outlines the incentive and information problems facing policymakers in responding to a new epidemic. Second, it considers the existence of a tradeoff between public health …

17.09.2021

Public health and expert failure

In a modern democracy, a public health system includes mechanisms for the provision of expert scientific advice to elected officials. The decisions of elected officials generally will be degraded by expert failure, that is, the provision of bad …