Public Choice Analyses of American Economic History Volume 1

This book - the first of two volumes- looks 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 polit

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Joshua Hall · Marcus Witcher Editors

Public Choice Analyses of American Economic History Volume 1

Studies in Public Choice Volume 35

Series Editor Randall G. Holcombe, Tallahassee, USA Founding Editor Gordon Tullock, Fairfax, VA, USA

More information about this series at http://www.springer.com/series/6550

Joshua Hall • Marcus Witcher Editors

Public Choice Analyses of American Economic History Volume 1

123

Editors Joshua Hall Department of Economics West Virginia University Morgantown, West Virginia, USA

Marcus Witcher West Virginia University Morgantown, West Virginia, USA

ISSN 0924-4700 Studies in Public Choice ISBN 978-3-319-77591-3 ISBN 978-3-319-77592-0 (eBook) https://doi.org/10.1007/978-3-319-77592-0 Library of Congress Control Number: 2018938802 © Springer International Publishing AG, part of Springer Nature 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by the registered company Springer International Publishing AG part of Springer Nature. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

To Buchanan and Tullock and Downs and Riker and too many others to mention. We stand on your shoulders.

Acknowledgements

We would like to thank the Center for Free Enterprise at West Virginia University for support for this project. Collin Hodges provided invaluable research assistance.

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Contents

1 British Public Debt, the Acadian Expulsion and the American Revolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Vincent Geloso 2

3

4

1

North-South Alliances During the Drafting of the Constitution: The Costs of Compromise . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Robert A. McGuire

13

A Paradox of