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A theory of entangled political economy, with application to TARP and NRA

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  • Adam Smith
  • Richard Wagner
  • Bruce Yandle

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  • Adam Smith & Richard Wagner & Bruce Yandle, 2011. "A theory of entangled political economy, with application to TARP and NRA," Public Choice, Springer, vol. 148(1), pages 45-66, July.
    • Handle: RePEc:kap:pubcho:v:148:y:2011:i:1:p:45-66
    DOI: 10.1007/s11127-010-9645-2
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    8. Roger Congleton, 2009. "On the political economy of the financial crisis and bailout of 2008–2009," Public Choice, Springer, vol. 140(3), pages 287-317, September.
    9. Jason E. Taylor, 2002. "The Output Effects of Government Sponsored Cartels During the New Deal," Journal of Industrial Economics, Wiley Blackwell, vol. 50(1), pages 1-10, March.
    10. Koppl, Roger & Yeager, Leland B., 1996. "Big Players and Herding in Asset Markets: The Case of the Russian Ruble," Explorations in Economic History, Elsevier, vol. 33(3), pages 367-383, July.
    11. Kessler, Oliver, 2009. "Towards an economic sociology of the subprime crisis?," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 10(2), pages 11-16.
    12. James D. Hamilton, 2009. "Concerns about the Fed's New Balance Sheet," Book Chapters, in: John D. Ciorciari & John Taylor (ed.), The Road Ahead for the Fed, chapter 5, Hoover Institution, Stanford University.
    13. Bryan Caplan, 2007. "Introduction to The Myth of the Rational Voter: Why Democracies Choose Bad Policies," Introductory Chapters, in: The Myth of the Rational Voter: Why Democracies Choose Bad Policies, Princeton University Press.
    14. Jason E. Taylor, 2007. "Cartel Code Attributes and Cartel Performance: An Industry-Level Analysis of the National Industrial Recovery Act," Journal of Law and Economics, University of Chicago Press, vol. 50(3), pages 597-624.
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    Cited by:

    1. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, August.
    2. Dima Yazji Shamoun & Bruce Yandle, 2016. "Asserting presidential preferences in a regulatory review bureaucracy," Public Choice, Springer, vol. 166(1), pages 87-111, January.
    3. Richard Wagner, 2011. "Municipal corporations, economic calculation, and political pricing: exploring a theoretical antinomy," Public Choice, Springer, vol. 149(1), pages 151-165, October.
    4. Petrik Runst, 2014. "Crisis and belief: confirmation bias and the behavioral political economy of recession," Constitutional Political Economy, Springer, vol. 25(4), pages 376-392, December.
    5. Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477.
    6. Peter J. Boettke & Alexander W. Salter & Daniel J. Smith, 2018. "Money as meta-rule: Buchanan’s constitutional economics as a foundation for monetary stability," Public Choice, Springer, vol. 176(3), pages 529-555, September.
    7. Grafström, Jonas, 2020. "An Austrian economic perspective on failed Chinese wind power development," Ratio Working Papers 336, The Ratio Institute.
    8. Edward Stringham, 2014. "It’s not me, it’s you: the functioning of Wall Street during the 2008 economic downturn," Public Choice, Springer, vol. 161(3), pages 269-288, December.
    9. Kolev, Stefan, 2024. "Governing Dynamics and Superfragility: Liberal Political Economists as Order Guardians," LEF PAPERS on Economy and Society 1-24, Ludwig-Erhard-Forum für Wirtschaft und Gesellschaft (LEF), Berlin.
    10. Patrick A. McLaughlin & Adam C. Smith & Russell S. Sobel, 2019. "Bootleggers, Baptists, and the risks of rent seeking," Constitutional Political Economy, Springer, vol. 30(2), pages 211-234, June.
    11. Boettke, Peter & Coyne, Christopher, 2011. "The debt-inflation cycle and the global financial crisis," MPRA Paper 32091, University Library of Munich, Germany.
    12. Darcy W. E. Allen & Chris Berg & Sinclair Davidson & Jason Potts, 2022. "On Coase and COVID-19," European Journal of Law and Economics, Springer, vol. 54(1), pages 107-125, August.
    13. Grafström, Jonas, 2019. "Public policy failures related to China´s Wind Power Development," Ratio Working Papers 320, The Ratio Institute.
    14. Pablo Paniagua Prieto, 2022. "The institutional evolution of central banks," Journal of Evolutionary Economics, Springer, vol. 32(3), pages 1049-1070, July.
    15. Meg Patrick Tuszynski, 2021. "Entanglement and Perverse Spontaneous Orders," Studies in Public Choice, in: David J. Hebert & Diana W. Thomas (ed.), Emergence, Entanglement, and Political Economy, pages 87-101, Springer.
    16. Peter Boettke & Jayme Lemke & Liya Palagashvili, 2015. "Polycentricity, Self-governance, and the Art & Science of Association," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(3), pages 311-335, September.
    17. Jeremy Horpedahl, 2021. "Bootleggers, Baptists and ballots: coalitions in Arkansas’ alcohol-legalization elections," Public Choice, Springer, vol. 188(1), pages 203-219, July.
    18. Meg Patrick & Richard Wagner, 2015. "From mixed economy to entangled political economy: a Paretian social-theoretic orientation," Public Choice, Springer, vol. 164(1), pages 103-116, July.
    19. Paul Lewis & Richard E. Wagner, 2017. "New Austrian macro theory: A call for inquiry," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(1), pages 1-18, March.
    20. Giordano, Matteo & Goghie, Alexandru-Stefan, 2023. "From Policy to Regime: the changing posture of the ECB between liquidity and collateral through the lens of Monetary Regime," SocArXiv rw3ms, Center for Open Science.
    21. Geloso, Vincent & Kufenko, Vadim, 2017. "Inequality and guard labor, or prohibition and guard labor?," Hohenheim Discussion Papers in Business, Economics and Social Sciences 06-2017, University of Hohenheim, Faculty of Business, Economics and Social Sciences.

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    More about this item

    Keywords

    Bailout; Political economy; Credit markets; Economic calculation; Constitutional economics; E6; D7; H1;
    All these keywords.

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • H1 - Public Economics - - Structure and Scope of Government

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