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Author » Alexander William Salter

Alexander William Salter is a Ph.D. student in economics at George Mason University.

Latest from Alexander William Salter

Exit Over Voice

By what standard should we judge collective decision-making? In the liberal-democratic tradition, the overwhelming consensus affirms the supremacy of process. On this view, the justness and efficacy of collective decision-making depend on the inclusiveness of the process. That concern, ...

Exit over Voice

By what standard should we judge collective decision-making? In the liberal-democratic tradition, the overwhelming consensus affirms the supremacy of process. On this view, the justness and efficacy of collective decision-making depend on the inclusiveness of the process. That concern, ...

The Purpose of the Welfare State

Already I may have gotten myself into trouble with my title. Strictly speaking, it is misleading to discuss social processes as having a purpose. For example, many people assert that the purpose of a market economy is to allocate ...

Should the Purchasing Power of Money Be Stabilized?

Economists have long debated the costs and benefits of stabilizing the purchasing power of money. Today, most First World countries’ central banks either pursue the stabilization of purchasing power as a primary goal, as in the case of the ...

Collapsing the Tent on the Mercantilist Revival

Harvard professor Dani Rodrik’s recent mercantilist apology attempts to illustrate the unappreciated benefits of a much-maligned political-economic system: mercantilism. “Today, mercantilism is typically dismissed as an archaic and blatantly erroneous set of ideas about economic policy,” Rodrik ...

Macroeconomics as Coordination

If your main source of economic information is a newspaper, television news station, or government statistical bureau, you would probably say that macroeconomics is the discipline that studies a handful of aggregate data series, such as consumption, investment, government ...