How does federalism affect the economy? How do resource mobilization theory, political opportunity theory, and frames help explain the emergence of social movements? How does the economy affect politics? Why does inflation increase economic uncertainty?
We choose to act in ways we believe are right although we may also act in ways we believe are wrong but just do not care. Our choices are subjective and may be different from those of others regarding whether or not to be a vegetarian for example. We may feel sorry for th...
Political institutions and federalism: a "strong" decentralization theorem In this article, we investigate how differences in the political institutions necessary for implementing decentralization reform may affect the efficiency and welfare properties of decentralization itself. We incorporate insights from po...
According to them, banking systems are the result of political struggles (“bank bargains”) between government, voters, and interest groups. TheGame of Bank Bargainsdetermines the rules that define how banks are regulated, how they are chartered, and how they interact with the state. These outc...
How does federalism affect the economy? Draw a graph that illustrates X-inefficiency. Explain the concept of X-inefficiency using the graph. Why is it likely to occur in a monopoly? What are the three basic economic questions? How does politics differ from economics?
Answer to: Explain the way in which the policymakers are expected to respond in case of an unexpected productivity slowdown and to discuss the...