Tullock (2005, p. 160) notes that the perceived robust relationship between democracy and economic progress is due mostly to assumption, rather than analysis. Taking up Tullock's challenge to consider the relationship between economic progress and other political forms, we re-assess the...

Today, the debate about public indebtedness has reached a fervor not often seen among professional economists and the general public. This has renewed considerations of requiring Congress to balance its budget, through either a Constitutional amendment or some other legislative or statutory...