A General Empirical Law of Public Budgets: A Comparative Analysis

We examine regularities and differences in public budgeting in comparative perspective. Budgets quantify collective political decisions made in response to incoming information, the preferences of decision makers, and the institutions that structure how decisions are made. We first establish that the distribution of budget changes in many Western democracies follows a non-Gaussian distribution, the power function. This implies that budgets are highly incremental, yet occasionally are punctuated by large changes. This pattern holds regardless of the type of political system—parliamentary or presidential—and for level of government. By studying the power function's exponents we find systematic differences for budgetary increases versus decreases (the former are more punctuated) in most systems, and for levels of government (local governments are less punctuated). Finally, we show that differences among countries in the coefficients of the general budget law correspond to differences in formal institutional structures. While the general form of the law is probably dictated by the fundamental operations of human and organizational information processing, differences in the magnitudes of the law's basic parameters are country- and institution-specific .     

Faces of Pentecostalism in North India Today

Pentecostal revivals in India have been recorded since 1860, and Pentecostalism is flourishing in the subcontinent today. Yet this phenomenon is neither simple nor monolithic. Rather, it interacts with other Christian traditions and with other religious traditions in a number of different ways. Despite its rigid and exclusivistic rhetoric, Pentecostalism functions as a highly malleable and adaptable religious movement.     

Towards the circular economy: A commentary on corporate approaches and challenges

The concept of the circular economy is gaining momentum within the business world, and it is seen as an important element in the transition to a more sustainable future. Circular economies are built around a range of activities that look to reduce the demand for raw material inputs and natural resources and to recover, recycle, and reuse those inputs and resources as an integral part of the production process. As such, the concept of the circular economy restorative and regenerative and is contrasted, by its proponents, with the traditional “linear economy” that turns raw materials into waste in the production process and that is seen to lead to environmental pollution and the removal of natural capital from the environment. This commentary paper outlines the characteristic features of the concept of the circular economy, outlines how a number of companies are adopting circular economy approaches, and offers some general reflections on the application of the concept.     

Colluding victims: A public choice analysis of international alliances

Analysis of international alliances is often premised on predicted responses by nation states when nation states are assumed to behave as utility-maximising actors. ‘Large’ allies are exploited by ‘small’ allies when output is a public good. Empirical analysis of defence expenditures in NATO yields results consistent with the proposition that ‘exploitation’ increases as alliance output approximates a pure public good. But why would large countries acquiesce? A public choice analysis offers a different perspective. If producers of armaments are rent seeking, are large allies able to capture rent by incurring a disproportionate share of defence expenditure?