Bulletin n. 2/2011
October 2011
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Richard E. Wagner
    Municipal corporations, economic calculation, and political pricing: exploring a theoretical antinomy
    in Public Choice , Volume 149, Numbers 1-2 ,  2011 ,  151-165
    Most thinking about political economy treats states as unitary actors. In contrast, this paper treats states as ecologies of politically-based enterprises. Where a market is a congeries of business enterprises, a state is a congeries of political enterprises. Both sets of enterprises compete with one another in a setting where those who manage corporate capital are largely separate from those who supply it. Competition among political enterprises, however, cannot generate market prices because of the inalienability of property rights. In consequence, what arises is a system of pricing and calculation that exists parasitically upon the system of market prices.
    ©2001 - 2020 - Centro Studi sul Federalismo - P. IVA 94067130016