Participants in a special election held in the State of Georgia on 2 March 2004 voted overwhelmingly in favor of adopting a newly designed state flag that no longer incorporated a divisive Confederate symbol. We analyze the legislative politicking that defined the voters’ options as well as...

During the first seven years (1979–1985) of Kenya's second head of state, the process of establishing a stable supporting coalition was accompanied by rapid increases in government spending. As evidenced by continued increase in the size of the cabinet as announced in early 1988, the process...

In the competition for a monopoly right in which the number of bidders is fixed, Tullock and others have found the value of the resources spent in the aggregate to capture the transfer to be sometimes less than and sometimes greater than the value of the monopoly. We think this approach to be...

The conventional (Chicago) wisdom about the Great Contraction is that it was the result of a massive policy failure. According to this view, the collapse of the economy was brought about mostly by the fact that the monetary policymakers of the day were more concerned with internal power...