Hall / Witcher Public Choice Analyses of American Economic History

Volume 3
1. Auflage 2019
ISBN: 978-3-030-11313-1
Verlag: Springer Nature Switzerland
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, Band 39, 209 Seiten

Reihe: Studies in Public Choice

This book is the third installment in a series of volumes looking at episodes in American economic history from a public choice perspective. Each chapter discusses citizens, special interests, and government officials responding to economic incentives in both markets and politics. In doing so, the book provides fresh insights into important periods of American history, from the Rhode Island's 1788 Referendum on the U.S. Constitution and the political influence of women's clubs in the United States. The volume features economic historians such as Ruth Wallis Herndon, junior public choice scholars such as Jayme Lemke and Leo Krasnozhon, and political scientists such as Michael Faber. This volume will be useful for researchers and students interested in economics, history, political science, economic history, public choice, and political economy.


Joshua C. Hall is an associate professor of economics at West Virginia University and Director of the Center for Free Enterprise within the College of Business and Economics. He earned his bachelor and master degrees in economics from Ohio University and his Ph.D. from West Virginia University in 2007. Prior to returning to his alma mater, he was the Elbert H. Neese, Jr. Professor of Economics at Beloit College and an Economist with the Joint Economic Committee of the U.S. Congress. Hall is a past President of the Association of Private Enterprise Education. In addition to being a co-author on the widely-cited Economic Freedom of the World annual report, he is author of over 100 academic journal articles.Marcus M. Witcher is a postdoctoral professor of history at West Virginia University. He earned his bachelor degree in history with a minor in economics from the University of Central Arkansas. He then received his masters and PhD in history from the University of Alabama. Marcus is currently revising his book manuscript Getting Right with Reagan: Conservatives and the Fortieth President, 1980-2016. He has published four peer-reviewed articles, six book reviews, and has presented his work at over ten academic conferences

Autoren/Hrsg.

Hall, Joshua

Witcher, Marcus

Inhaltsverzeichnis

1;Acknowledgements;6
2;Contents;7
3;Contributors;9
4;1 Club Women and the Provision of Local Public Goods;10
4.1;1.1 Introduction;10
4.2;1.2 History of Women's Clubs in the 19th and Early 20th Century US;12
4.2.1;1.2.1 Religious Roots and Community Support;13
4.2.2;1.2.2 Provision of Local Public Goods and Club Goods;14
4.2.3;1.2.3 Political and Regulatory Influence;15
4.3;1.3 The Theory of Goods that are Neither Public Nor Private;16
4.4;1.4 The Organization of Collective Action by Women's Clubs;18
4.4.1;1.4.1 Overcoming the Collective Action Problem;18
4.4.2;1.4.2 Providing Local Public Goods within a Polycentric System;22
4.5;1.5 Conclusion;25
4.6;References;26
5;2 Samuel J. Tilden, Iron Money and the Election of 1876;29
5.1;2.1 Introduction;29
5.2;2.2 A Protégé of Van Buren;29
5.3;2.3 Iron Money;30
5.4;2.4 Panic of 1873;32
5.5;2.5 Iron Money During the Election of 1876;33
5.6;2.6 The Money Issue During the Election of 1876;35
5.7;References;36
6;3 The Impact of Decentralization on Municipalities: Evidence from the Municipal Home Rule Movement;38
6.1;3.1 Introduction;38
6.2;3.2 The Evolving State-Municipal Relationship;40
6.2.1;3.2.1 Categorizing Constitutions: Dillon's Rule Versus the Cooley Doctrine;40
6.2.2;3.2.2 Home Rule;42
6.3;3.3 The Impact of Government Structure on Outcomes;45
6.4;3.4 Empirical Strategy;47
6.5;3.5 Data;48
6.6;3.6 Analysis;50
6.7;3.7 Conclusion;55
6.8;References;56
7;4 Organized Opposition: The Anti-Federalist Political Network;57
7.1;4.1 Introduction;57
7.2;4.2 The Contours of the Debate;60
7.3;4.3 The Role of Newspapers;63
7.4;4.4 Examining the Spread of Federalist and Anti-Federalist Literature;66
7.5;4.5 Comparing the Federalist and Anti-Federalist Newspaper Networks;68
7.6;4.6 Conclusion;75
7.7;References;76
8;5 Bootleggers and Baptists in the Passage of Federal Surface Mining Law;78
8.1;5.1 Introduction;78
8.2;5.2 The Economics of Regulation;78
8.3;5.3 History of Surface Mining Regulations;80
8.4;5.4 Coal Context;82
8.5;5.5 Coal Ownership Patterns;83
8.6;5.6 Topographical Differences;84
8.7;5.7 The Baptists and Bootleggers of SMCRA;84
8.8;5.8 Conclusion;86
8.9;References;87
9;6 Pro-consumer Legislation Supported by Elites: The Curious Case of the 1866 Post Roads Act;88
9.1;6.1 Introduction;88
9.2;6.2 Western Union as a Concentrated Interest;91
9.2.1;6.2.1 Government Favors Received by Western Union;92
9.3;6.3 1866 Post Roads Act as Pro-Consumer Legislation;94
9.3.1;6.3.1 Telegraph Market Contestability After 1866;95
9.4;6.4 Concentrated Interests Benefited from 1866 Post Roads Act;96
9.4.1;6.4.1 Non-New York Associated Press Newspapers Benefited from 1866 Post Roads Act;97
9.4.2;6.4.2 Ohio Republicans who Benefited from the 1866 Post Roads Act;98
9.4.3;6.4.3 Businessmen who Benefited from the 1866 Post Roads Act;99
9.5;6.5 Elite's Connections to Politicians who voted on 1866 Post Roads Act;100
9.5.1;6.5.1 Western Union's Opposition to the 1866 Post Roads Act;100
9.5.2;6.5.2 Senator John Conness of California Vote for the 1866 Post Roads Act;101
9.5.3;6.5.3 Ohio Republicans Support for the 1866 Post Roads Act;102
9.5.4;6.5.4 Ohio House Republicans Vote for the 1866 Post Roads Act;103
9.6;6.6 Conclusion;105
9.7;References;105
10;7 Economic History of the Relationship Between Congress and NASA: A Case Study of the Apollo Program;108
10.1;7.1 Introduction;108
10.2;7.2 History of the Apollo Program;109
10.3;7.3 Analysis of Relationship Between Congress and NASA;112
10.3.1;7.3.1 Congressional Dominance Theory;113
10.3.2;7.3.2 Exploratory Analysis;114
10.4;7.4 Conclusion;120
10.5;References;120
11;8 An Economic Interpretation of Rhode Island's 1788 Referendum on the Constitution;122
11.1;8.1 Introduction;122
11.2;8.2 The Origins of this Essay;126
11.3;8.3 Charles Beard and the Scholarly Debate;127
11.4;8.4 Political and Economic Context of the Rhode Island Referendum;130
11.5;8.5 Economic Analysis of the Rhode Island Referendum;135
11.6;8.6 Further Opportunities for Analysis of the Referendum;137
11.7;References;139
12;9 A Hard Day's Night: Provision of Public Evening Schools in the United States, 1870–1910;141
12.1;9.1 Introduction;141
12.2;9.2 A Brief History of Evening Schools;143
12.3;9.3 Public Evening School Provision;146
12.4;9.4 Evening School Provision and State Legislation;147
12.5;9.5 Within-State Variation in Evening School Provision;150
12.6;9.6 Determinants of Evening School Provision;150
12.7;9.7 Data and Econometric Framework;151
12.8;9.8 Results;154
12.9;9.9 Endogeneity Concerns and Instrumental Variable Results;157
12.10;9.10 Summary;160
12.11;References;167
13;10 Private Seeking of Private Monopoly in Early American Banking;170
13.1;10.1 Introduction;170
13.2;10.2 Rent Seeking, Briefly Stated;172
13.3;10.3 A Brief History of Pennsylvania Bank Chartering;175
13.4;10.4 Calculating the Social Costs of Monopoly and Rent Seeking;180
13.4.1;10.4.1 Qualification 1—Permanent Rents and Transitory Profits;184
13.4.2;10.4.2 Qualification 2—Monopoly and Monopsony;185
13.4.3;10.4.3 An Alternative Approach—Bank Charter Values and Tobin's Q;187
13.5;10.5 The State as Rent-Redistribution Mechanism;189
13.6;10.6 ``This Remarkable Democratic Period'': Popular Challenges to Rent Seeking;193
13.6.1;10.6.1 New York's Antimasonic Transformation;194
13.6.2;10.6.2 Pennsylvania Banking Policy Misses it Antimasonic Moment;198
13.7;10.7 Concluding Comments;201
13.8;References;206