Money and Markets: Essays in Honor of Leland B. Yeager

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Ethnic conflict and the economics of social cooperation 241Smith, Lindsay E. and Bruce A. Walstad (1989). Sting Shift: The Street Smart Cop’s Handbook ofCons and Swindles. Littleton, CO: Street-Smart Communications.Sowell, Thomas (1975). Race and Economics. New York: David McKay.The Weekly Post (1999). Japanese Prejudice against Jewish People. The Weekly Post (11/15–11/21) (http://www.weeklypost.com/991115/991115b.htm).Van Den Berg, Hendrik (2001). Economic Growth and Development. New York: McGraw Hill.Van Evera, Stephen (1995). Hypotheses on Nationalism and the Causes of War. In CharlesA. Kupchan, Nationalism and Nationalities in the New Europe, Council on Foreign Relations.Ithaca, NY: Cornell University Press.Viner, Jacob (1950). The Customs Union Issue. New York: Carnegie Endowment forInternational Peace.Williamson, Oliver E. (1975). Markets and Hierarchies. New York: Free Press.Yeager, Leland (2001). Ethics as Social Science: The Moral Philosophy of Social Cooperation.Cheltenham: Edward Elgar.
16 The legacy of BismarckGordon TullockIt is not customary to begin an article by a brief summary of part of a previous bookby the same author. I must do this because I propose to go over much the sameground as several chapters in my earlier book The Economics of Income Redistribution(Tullock 1997).Since this was published quite some time ago it seems likely that most readers, ifthey read it, have forgotten it. Thus a review seems useful.Herr Bismarck, as he was then, went into politics and rose to be the primeminister of Prussia and then of the German Empire. Since he was the mostimportant single factor in the unification of Germany, it is not surprising that hewas awarded successively higher titles of nobility. Many intellectuals who haveheard of him think this unification of Germany is his principal legacy. Indeed manyof these intellectuals regard this as an undesirable accomplishment. The fact thathe united Germany through well-calculated wars, which he won with rather smallbutcher’s bills, I suspect, makes many intellectuals even more likely to feel that hewas a villain rather than a hero.He, of course, did other things than unite Germany and create the social welfaresystem which has been so widely copied. Indeed the book on his life, which Ichecked to make certain my memory was good, has only one chapter devoted to thesocial welfare project (Dawson 1973).His other legacies, however, have largely vanished. His anti-Catholic policiesended with a powerful Catholic political structure in Germany. Germany itself ismuch smaller than it was when he left it. His successors fought big, bloody wars,which were mainly unsuccessful. It should be said, however, that their opponents inthose wars were equally poor in calculating their objectives and equally willing tospend much blood to accomplish their ill-chosen objectives.If we consider the announced objectives of the United States and its allies in bothof the world wars, none of them were accomplished. We won the wars, of course,but the four freedoms were not established after World War II, and peace was notmade permanent after World War I. It today seems bizarre that American soldiersdied to get the Russians into Warsaw. The world is now a much more dangerousplace than it was before these two immense wars.Major international wars are rather unusual in human history. From Waterlooto the Marne, the only really big wars were internal. There was the American Civil
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Money and MarketsIn recent decades,
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The Cultural Foundations ofEconomic
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First published 2006by Routledge2 P
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viiiContents9 The genesis of an ide
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ContributorsJürgen G. Backhaus is
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Preface and acknowledgmentsLeland B
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1 A zeal for truthRoger KopplIf the
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A zeal for truth 3kind of decision-
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A zeal for truth 5and attributes to
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A zeal for truth 7“30 years to th
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A zeal for truth 9I have a $10 bank
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A zeal for truth 11conversation, Ye
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A zeal for truth 13a market economy
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A zeal for truth 15of “approval o
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A zeal for truth 17to offer about e
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A zeal for truth 19Klappholz, K. an
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2 The Yeager mystiqueA profile of t
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The Yeager mystique 23students bent
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The Yeager mystique 25Yeager’s pe
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The Yeager mystique 27none, but not
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The Yeager mystique 29demeanor coul
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The Yeager mystique 31wanted to cou
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The Yeager mystique 33The common id
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The Virginia renaissance in politic
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4 LelandA personal appreciationGord
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Leland, a personal appreciation 47I
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Monopoly politics and its unsurpris
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Good ideas and bad regressions 67I
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Good ideas and bad regressions 69am
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Good ideas and bad regressions 71
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Good ideas and bad regressions 73ap
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Good ideas and bad regressions 75Le
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Good ideas and bad regressions 772.
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Good ideas and bad regressions 79pa
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Good ideas and bad regressions 81th
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7 Pluralism, formalism, andAmerican
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Pluralism, formalism, and American
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8 Leland’s favorite economists *J
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Figure 8.1 The “Genealogical Tabl
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Leland’s favorite economists 103o
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Leland’s favorite economists 105e
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Leland’s favorite economists 107O
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Leland’s favorite economists 109S
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Leland’s favorite economists 111A
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Leland’s favorite economists 113v
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Leland’s favorite economists 115w
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Leland’s favorite economists 117n
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circumstances and even acts of will
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Leland’s favorite economists 121c
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Leland’s favorite economists 123D
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Leland’s favorite economists 125G
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The genesis of an idea 127Stuart Mi
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The genesis of an idea 129suggest t
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The genesis of an idea 131macroecon
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The genesis of an idea 133value. Hi
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The genesis of an idea 135half of m
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The genesis of an idea 137Unsettled
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The genesis of an idea 1398 “M. S
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ReferencesThe genesis of an idea 14
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10 The macroeconomics of money,savi
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The macroeconomics of money, saving
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The macroeconomics of money, saving
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Mr. YeagerThe macroeconomics of mon
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11 No-name moneyMaria Minniti and L
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No-name money 153many political lea
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No-name money 155consultants, who f
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No-name money 157bank chose the one
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No-name money 159While inflation in
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No-name money 161was reinforced by
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No-name money 163private ownership,
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No-name money 165Mencinger, Joze (1
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Monetary disequilibrium theory and
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Reflections on reswitching and roun
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Reflections on reswitching and roun
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Page 222 and 223: 14 Leland Yeager’s utilitarianism
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Page 236 and 237: 15 Ethnic conflict and theeconomics
Page 238 and 239: Ethnic conflict and the economics o
Page 252 and 253: NotesEthnic conflict and the econom
Page 258 and 259: The legacy of Bismarck 243War, the
Page 260 and 261: The legacy of Bismarck 245people wo
Page 262 and 263: The legacy of Bismarck 247system, b
Page 264 and 265: The legacy of Bismarck 249Old age i
Page 266 and 267: IndexAckley, G., Macroeconomic Theo
Page 268 and 269: Marshall, A.: approach to economics
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Money and Markets: Essays in Honor of Leland B. Yeager

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