Analytic radicalism

Article

Taylor, Brad. 2013. "Analytic radicalism." Constitutional Political Economy. 24 (2), pp. 166-172. https://doi.org/10.1007/s10602-013-9134-y
Article Title

Analytic radicalism

ERA Journal ID18672
Article CategoryArticle
Authors
AuthorTaylor, Brad
Journal TitleConstitutional Political Economy
Journal Citation24 (2), pp. 166-172
Number of Pages7
Year2013
Place of PublicationUnited States
ISSN1043-4062
1572-9966
Digital Object Identifier (DOI)https://doi.org/10.1007/s10602-013-9134-y
Web Address (URL)http://link.springer.com/article/10.1007/s10602-013-9134-y
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.

ANZSRC Field of Research 2020380113. Public economics - public choice
380119. Welfare economics
440811. Political theory and political philosophy
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Byline AffiliationsAustralian National University
Institution of OriginUniversity of Southern Queensland
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