Acknowledgements -- About the authors -- Introduction / Stephen Balch and Benjamin Powell -- Crisis and government power -- Crisis without leviathan? / Robert Higgs -- The rule of law during times of economic crisis / Todd Zywicki -- Fiscal crisis -- Fiscal crisis as a quality of progressivist...

We test whether military experience of CEOs or chairmen affects stock price crash risk. We find robust evidence that CEOs' or chairmen's military experience reduces crash risk. Our finding holds for various robustness checks including controlling for some additional characteristics of chairmen...

Europe must rapidly increase its military spending, but how? We collect 150 years of data to study what governments in similar situations have done. How were past military buildups financed? What was the relative importance of debt financing, budget cuts, and taxes? Our main finding is that...

To explore the propagation of populist extremism across countries, we construct a multi-country model wherein each country's politician sequentially implements a policy. Voters learn the incumbent politician's type and the desirable policy by observing foreign policies on top of the domestic...