Analytic radicalism

Taylor, Brad (2013) Analytic radicalism. Constitutional Political Economy, 24 (2). pp. 166-172. ISSN 1043-4062

Abstract

Brennan and Hamlin provide a normative justification for dispositional conservatism based on the concave value functions which give rise to quasi-risk aversion. This note modifies this argument for 'analytic conservatism' by allowing jurisdictional exit in response to institutional decline. By providing a welfare floor which limits the cost of failure, exit reverses the normative implications of Brennan and Hamlin’s argument, making risk-neutral agents quasi-risk seeking and justifying a radical disposition to reform under some circumstances.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Files associated with this item cannot be displayed due to copyright restrictions.
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 02 Aug 2016 23:34
Last Modified: 14 Feb 2017 00:32
Fields of Research : 14 Economics > 1402 Applied Economics > 140213 Public Economics-Public Choice
14 Economics > 1402 Applied Economics > 140219 Welfare Economics
16 Studies in Human Society > 1606 Political Science > 160609 Political Theory and Political Philosophy
Identification Number or DOI: 10.1007/s10602-013-9134-y
URI: http://eprints.usq.edu.au/id/eprint/28335

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