One of my favorite economic journal articles is by Barry Weingast and has the short title “Market Preserving Federalism” (MPF). In this paper, Weingast lays out the conditions necessary for two tenuous equilibria: A) Federalism & B) Federalism that preserves a market economy. Given that we just celebrated Independence Day in the USA, it seems […]
Market Preserving Federalism in the USA
Market Preserving Federalism in the USA
14 Jul 2024 Leave a comment
in applied price theory, comparative institutional analysis, economics of bureaucracy, income redistribution, Public Choice, rentseeking
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