Anzeige
Erschienen in:
2015 | OriginalPaper | Buchkapitel
The Political Economy of Historical Events
verfasst von : Franklin G. Mixon Jr.
Erschienen in: Public Choice Economics and the Salem Witchcraft Hysteria
Verlag: Palgrave Macmillan US
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
The opening chapter of the book recounts some of the earlier studies on the political economy of historical events. It is hoped that doing so will illuminate “the economic way of thinking” in approaching these widely varying topics for readers outside of the field of economics. Historical events included in this chapter range from the colonization of Australia during the 1700s and 1800s by British convicts to the rout of George Custer’s forces at the Little Bighorn. The economics principles covered in this chapter include the divergence between public economic interests and private economic interests, Alchian and Allen’s relative price effect, price controls (ceilings), the modern theory of bureaucracy and the public choice economics principle of vote maximization.