In this paper, we formulate a political system that can satisfy certain desirable characteristics that include democratic participation, serving for universal interest, public sector efficiency, and sustainable by incentive compatibility and virtuous cycles. The system comprises a set of rules...

Recent studies in psychology and neuroscience offer systematic evidence that fictional works exert a surprisingly strong influence on readers and have the power to shape their opinions and worldviews. Building on these findings, we study ‘Potterian economics’, the economic ideas, insights,...

Recent studies in psychology and neuroscience find that fictional works exert strong influence on readers and shape their opinions and worldviews. We study the Potterian economy, which we compare to economic models, to assess how Harry Potter books affect economic literacy. We find that some...

In this paper I will analyse the redistribution of income amongst n generations using the Single-mindedness Theory. I will introduce a new expression for the balanced-budget constraint, no longer based on lump- sum transfers as in the traditional literature, but rather on more realistic labour...

This paper analyzes how corruption affects the composition of public expenditures. First, a two-stage rent-seeking model with endogenous rent-setting is derived that captures both "political corruption" and "bureaucratic corruption". The model illustrates how asymmetries between industries in...

We evaluate how fiscal capacity and migration respond to the introduction of the individual income tax, drawing on new panel data on U.S. states from 1900 to 2010. We find that states that introduced the income tax experienced a 12 percent increase in total revenue per capita in the near term, a...

US elections are often interpreted in an anecdotal and person focused manner by media and commentators, while social science research consistently has found that economic conditions play a very large role, while others play a small one. An analysis US presidential and midterm elections 1948-2018...

Generally, Political Business Cycles happens in western economy, which reflects that macro-economy fluctuating is according with election cycles. The reason is that statesmen and citizens often do not have the same interest. And also, there is information asymmetry between them. Consequently,...

In this paper we study the relationship between communication and ”transparency of information” and governance by exploring the link between social media and natural resource governance. Using a cross-country analysis, we document a robust and statistically significant positive relationship...

We summarize Francis Fukuyama’s State Building: Governance and World Order in the Twenty-first Century (London, Profile Books, 2005)and explore the limits of its arguments. State Building is a book with a very wide scope that essentially tries to “ground” and expand the fields of political...