This is Dave Hebert's Typepad Profile.
Join Typepad and start following Dave Hebert's activity
Join Now!
Already a member? Sign In
Dave Hebert
Recent Activity
I think a lot of it can be explained in this paper by Wagner: Basically, when government was only making up 5-10% of economic activity, the predictions generated by the theory of a monocentric government devoid of public choice concerns really wasn't that far off from reality,i.e. the theoretical fix that you call for just wasn't worth it. But as government activity expanded over time, the predictions get further and further from reality and unfortunately, theory hasn't kept up.
Dave Hebert is now following The Typepad Team
Jun 6, 2013