Some empirical evidence on rent-seeking

We tested for the capture of net gains by winners in rent-seeking competitions, using the most prominent announcements of government favors in the Canadian economy over a twelve-year period. Stockholders' returns were not significantly different from zero. One possible explanation is that government assists firms only when assistance creates political gains. Refusing to transfer economic rents to firms maximmizes the resources available to serve political purposes. This kind of behavior by government officials would imply that government has market power, which is consistent with several well-known theories of government.     

"Insuring" the continued solvency of pharmaceutical companies in the face of product liability class actions

Costly product liability lawsuits continue to plague the pharmaceutical industry, and insurance to cover these losses is severely inadequate. Furthermore, questionable regulation of drugs exists once a pharmaceutical has passed FDA approval. This article describes a plan that uses a capitalistic, rather than a governmental, approach to solve both the insurance and the quality control problems. Although the proposed plan has never been used to insure pharmaceutical companies, different permutations of it have been used to insure other litigation-prone industries. Success from the proposed insurance entity results from the combined knowledge of scientists and actuaries to provide both protection from product liability lawsuits for the pharmaceutical industry and enhanced post-market surveillance of pharmaceuticals.     

The Body Politic as Spatial Metaphor

As part of a special issue on the geographies of citizenship, this paper considers the longstanding and popular metaphor of “the body politic” for a polity. The metaphor's comparative power is successful because it imports key geographic assumptions about how polities are best organized. It makes claims about society and space (premises about location, spatial organization), nature–society relations (how the two spheres do and do not connect) and cartographic representation (the human body is the optimal representation of spatial and natural relations in a polity). We describe three ways in which geographical imaginations are constructed: organic, mechanical, and posthuman bodies politic. Our goal is twofold: first is to consider the ways the deployment of the metaphor of the body is used in political theory to convey a normative conception of citizenship; second is to bridge the gap between political theory and geography by paying special attention to the ways the body is a space. The metaphor of the body politic is a political geography that links citizenship to particular geographical and normative relationships.     

Location "Authority" in the Global Political Economy

This article addresses the problematic nature of "authority" in the global political economy. Focusing on the rules governing international commercial relations, which today form part of the juridical conditions of global capitalism, the location and structure of political authority are argued to be historically specific. They have changed with the emergence of different historic blocs and as a result of consequent alterations in state-societyrelations. The article emphasizes the significance of private corporate power in the construction of the global political economy and hegemonic authority relations. However, the significance of private authority is obscure and little understood by students of international relations. This gives rise to analytical and normative grounds for adopting a historical materialist approach to theanalysis of global authority that incorporates national, subnational, and transnational influences.     

From Victimization to Criminalization: General Strain Theory and the Relationship Between Poly-victimization and Delinquency

Although it is well established that victimization and delinquency are related, it is not clear how this relationship works, and victims and offenders are still often studied and treated as two distinct groups. General strain theory views victimization as a form of injustice, which can give rise to anger and eventually lead to delinquency. The authors examine victimization, in particular polyvictimization, as a criminogenic factor. Based on a sample of 1,400 youths 12–17 years old in Quebec (Canada), they examine polyvictimization in relation to delinquency as well as negative emotions that can result from victimization namely anger, depression, and posttraumatic stress. The findings show support for general strain theory and highlight the importance of anger for the relationship between victimization and juvenile delinquency.