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  1. The Review of Austrian Economics
  2. The Review of Austrian Economics : Volume 19
  3. The Review of Austrian Economics : Volume 19, Issue 2-3, June 2006
  4. Robust political economy
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The Review of Austrian Economics : Volume 30
The Review of Austrian Economics : Volume 29
The Review of Austrian Economics : Volume 28
The Review of Austrian Economics : Volume 27
The Review of Austrian Economics : Volume 26
The Review of Austrian Economics : Volume 25
The Review of Austrian Economics : Volume 24
The Review of Austrian Economics : Volume 23
The Review of Austrian Economics : Volume 22
The Review of Austrian Economics : Volume 21
The Review of Austrian Economics : Volume 20
The Review of Austrian Economics : Volume 19
The Review of Austrian Economics : Volume 19, Issue 4, December 2006
The Review of Austrian Economics : Volume 19, Issue 2-3, June 2006
Robust political economy
Retrogressive regime drift within a theory of emergent order
The fragility of a discipline when a model has monopoly status
Converting social conflict: Focal points and the evolution of cooperation
Contractual nullification of economically-detrimental state-made laws
Does the invisible hand hold or lead? Market adjustment in an entrepreneurial economy
Robust political economy: The case of antitrust
Poverty traps and the robust political economy of development assistance
The Review of Austrian Economics : Volume 19, Issue 1, March 2006
The Review of Austrian Economics : Volume 18
The Review of Austrian Economics : Volume 17
The Review of Austrian Economics : Volume 16
The Review of Austrian Economics : Volume 15
The Review of Austrian Economics : Volume 14
The Review of Austrian Economics : Volume 13
The Review of Austrian Economics : Volume 12
The Review of Austrian Economics : Volume 11
The Review of Austrian Economics : Volume 10

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Robust political economy

Content Provider Springer Nature Link
Author Leeson, Peter T. Subrick, J. Robert
Copyright Year 2006
Abstract This paper introduces the idea of “robust political economy.” In the context of political economic systems, “robustness” refers to a political economic arrangement's ability to produce social welfare-enhancing outcomes in the face of deviations from ideal assumptions about individuals' motivations and information. Since standard assumptions about complete and perfect information, instantaneous market adjustment, perfect agent rationality, political actor benevolence, etc., rarely, if ever actually hold, a realistic picture and accurate assessment of the desirability of alternative political economic systems requires an analysis of alternative systems' robustness. The Mises-Hayek critique of socialism forms the foundation for investigations of robustness that relax ideal informational assumptions. The Buchanan-Tullock public choice approach complements this foundation in forming the basis for investigations of robustness that relax ideal motivational assumptions.
Starting Page 107
Ending Page 111
Page Count 5
File Format PDF
ISSN 08893047
Journal The Review of Austrian Economics
Volume Number 19
Issue Number 2-3
e-ISSN 15737128
Language English
Publisher Kluwer Academic Publishers
Publisher Date 2006-01-01
Publisher Place Boston
Access Restriction One Nation One Subscription (ONOS)
Subject Keyword Austrian economics Public choice Robustness Public Finance & Economics Methodology and the History of Economic Thought Political Science
Content Type Text
Resource Type Article
Subject Economics, Econometrics and Finance
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