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Emergence, Entanglement, and Political Economy

Part of the Studies in Public Choice Book Series (volume 38)

Editors: Hebert, David J.; Thomas, Diana W.

DOI: 10.1007/978-3-030-56088-1

ISBN: 978-3-030-56087-4

Publisher: Springer International Publishing - Springer Journals

Dec 5, 2020

1 - 10 of 10 Chapters

Available

Introduction

Hebert, David J.; Thomas, Diana W.

Pages: 1 –5

[This chapter is the editors’ introduction to Emergence, Entanglement, and Political Economy and includes some overarching themes connecting the chapters of this volume.]
Available

Emergence and Entanglement in a Theory of Political Economy

Wagner, Richard E.

Pages: 7 –25

[Political economy is a field of study where theorists typically treat polities and markets as separate orders of activity within society. Moreover, the standard mode of analysis treats those entities as existing in states of equilibrium. In contrast, this essay treats polities and markets as...
Available

Swimming in a Tuxedo: A Systems Theory Approach to Understanding Politics

Hebert, David J.

Pages: 27 –40

[This chapter seeks to explain the broad dissatisfaction among the general population of observed political outcomes. To illustrate this, this chapter discusses the growth of the federal tax code over the last century. Despite there being near universal public support for a tax code that is...
Available

Complex and Entangled Public Policy: Here Be Dragons

Devereaux, Abigail

Pages: 41 –62

[The tools and concepts of the emerging field of complexity science—like agent-based modeling, network theory, and machine learning—can offer powerful insights to economists and crafters of public policy. Complexity science enables us to explicitly model relationships between individuals and...
Available

Taxonomy of Entrepreneurship – A Means-Oriented Approach

Podemska-Mikluch, Marta

Pages: 63 –72

[The growth of entrepreneurship literature spurred a discussion on the distinct characteristics of the different types of entrepreneurship, with most attention being given to market, social, and political entrepreneurship. In organizing the inquiry around these supposedly distinct types of...
Available

From Taciturn to Talkative Political Economy

Martin, Adam

Pages: 73 –86

[Deirdre McCloskey challenges economists to take talk seriously. Public choice economics, like most economics, typically assigns only a small role to various forms of talk between individuals. By contrast, throughout Richard Wagner’s oeuvre, there is an undercurrent of talk about talk. This essay...
Available

Entanglement and Perverse Spontaneous Orders

Tuszynski, Meg Patrick

Pages: 87 –101

[This paper examines the evolution of spontaneous orders within Wagner’s entangled political economy framework. Most examinations of how interventions affect spontaneous orders use what Wagner calls an “additive” framework of political economy. That is to say, they take as their starting point an...
Available

The Tax Code as an Emergent Phenomenon

Horpedahl, Jeremy

Pages: 103 –110

[Tax systems are the primary means of financing government spending and activity. Public finance economists have developed a number of rules and principles over time for optimal tax practices. However, few governments rely primarily, if at all, on these rules and principles in their tax code. I...
Available

Political Property Rights and Entangled Political Economy

Salter, Alexander William

Pages: 111 –123

[I contribute to the theory of entangled political economy by showing how entanglement can be characterized in terms of political property rights. A political property right grants its holder a share of decision-making power in a specific context, as well as specifies to whom the costs and...
Available

The Fiscal Squeeze: Budgets Between Fiscal Illusion, Fiscal Commons, and the Tyranny of Experts

Thomas, Diana W.; Thomas, Michael D.

Pages: 125 –137

[The combination of subsidiarity with the principles of fiscal federalism ensures that the government has the knowledge to provide the economically efficient number and amount of public goods without either leaving too much or too little productive activity to the sphere of private exchange. In...

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