James M. Buchanan won the Nobel Prize in Economics in 1986 and was a pioneer of public choice and constitutional political economy and contributed to many fields of study, including philosophy, political science, and public finance.
This paper analyzes the link between large youth cohorts and violent conflicts when labor-market restrictions are present. Such restrictions are expected to limit the youth cohort’s access to income opportunities in the formal economy, and thus lower the youth-specific opportunity cost of insurrection activities. We develop a theoretical model of insurrection markets and integrate the youth cohort’s relative size.
While previous research examines how institutions matter for general life satisfaction and how specific institutions embodying equal rights for gay people matter for the life satisfaction of gays, we combine these two issues to analyze how the latter type of institutions relates to general life satisfaction. The question is how Continue Reading…
Social trust has been identified as a catalyst for reforms. We take the literature further in two ways. First, we analyze mechanisms through which social trust enables liberalizing reforms—by overcoming obstacles in the political process (stemming from ideology, ideological fractionalization, coalition government, minority government, and legislature‐seat instability). Second, we define Continue Reading…
There is great variation in views on and treatment of minorities such as gay men across the world. We are the first to pinpoint what features of societies are beneficial to gay men’s quality of life by using a unique new cross-country dataset covering 110 countries, the Gay Happiness Index. Continue Reading…
Since good-looking politicians win more votes, a beauty advantage for politicians on the left or on the right is bound to have political consequences. We show that politicians on the right look more beautiful in Europe, the United States and Australia. Our explanation is that beautiful people earn more, which Continue Reading…
This paper reviews the performance of the East German economy in the turbulent quarter-century following reunification and draws some conclusions for the reunification of North and South Korea. In this period, the gap in output per capita between East and West Germany declined at a speed not far from empirical Continue Reading…
Indignation is often understood to be the translation of an essentially just moral evaluation. However, it is necessary to investigate the ambiguities of this moral emotion. In the first part, an examination of the genealogy of indignation sheds light on the differences and similarities between ancient and modern conceptions of Continue Reading…