Public Choice Analyses of American Economic History Volume 2

This book - the second 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 poli

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Joshua Hall · Marcus Witcher Editors

Public Choice Analyses of American Economic History Volume 2

Studies in Public Choice Volume 37

Series Editor Randall G. Holcombe, Tallahassee, FL, 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 2

123

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

Marcus Witcher West Virginia University Morgantown, WV, USA

ISSN 0924-4700 Studies in Public Choice ISBN 978-3-319-95818-7 ISBN 978-3-319-95819-4 (eBook) https://doi.org/10.1007/978-3-319-95819-4 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. This Springer imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland

Acknowledgements

We would like to thank the Center for Free Enterprise at West Virginia University for support for this project. Morgantown, WV, USA Morgantown, WV, USA

Joshua C. Hall Marcus M. Witcher

v

Contents

1

An Economic Analysis of the 1st Nationalist Movement of 1783 . . . . . . . John Lovett and Grant Ferguson

2

After Johnny Came Marching Home: The Political Economy of Veterans’ Benefits in the Nineteenth Century . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sung Won Kang and Hugh Rockoff

1

27

3

Asian Exclusion in American Immigration Policy . . . . . . . . . . . . . . . . . . . . . . . Zachary Gochenour

57

4

The Political Economy of the Arbitration Act of 1888 . . . . . . . . . . . . . . . . . . . Joshua Gotkin

69

5

The Political Economy of Bank Entry Restrictions: A Theory of Unit Banking . .