Analytic radicalism

Brad Taylor

doi:10.1007/s10602-013-9134-y

Analytic radicalism

Brad Taylor^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

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.

Original language	English
Pages (from-to)	166-172
Number of pages	7
Journal	Constitutional Political Economy
Volume	24
Issue number	2
DOIs	https://doi.org/10.1007/s10602-013-9134-y
Publication status	Published - Jun 2013

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AB - 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.

KW - Conservatism

KW - Constitutional political economy

KW - Exit

KW - Radicalism

KW - Risk preference

KW - Tiebout competition

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SP - 166

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JO - Constitutional Political Economy

JF - Constitutional Political Economy

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ER -

Analytic radicalism

Abstract

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