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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w27400 |
来源ID | Working Paper 27400 |
Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy | |
Naomi R. Lamoreaux; John Joseph Wallis | |
发表日期 | 2020-06-22 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Before the middle of the nineteenth century most laws enacted in the United States were special bills that granted favors to specific individuals, groups, or localities. This fundamentally inegalitarian system provided political elites with important tools that they could use to reward supporters, and as a result, they were only willing to modify it under very special circumstances. In the early 1840s, however, a major fiscal crisis forced a number of states to default on their bonded debt, unleashing a political earthquake that swept this system away. Starting with Indiana in 1851, states revised their constitutions to ban the most common types of special legislation and, at the same time, mandate that all laws be general in their application. These provisions dramatically changed the way government and the economy worked and interacted, giving rise to the modern regulatory state, interest-group politics, and a more dynamic form of capitalism. |
主题 | Other ; Law and Economics ; History ; Other History |
URL | https://www.nber.org/papers/w27400 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585073 |
推荐引用方式 GB/T 7714 | Naomi R. Lamoreaux,John Joseph Wallis. Economic Crisis, General Laws, and the Mid-Nineteenth-Century Transformation of American Political Economy. 2020. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w27400.pdf(350KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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