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April 22, 2006
European Public Choice Meetings
Greetings from Finland, where I am attending the European Public Choice Society meetings. Why did I come? Well, I've always been curious and I figured the exposure would be good. Was it worth the trip? In a nutshell: YES! It's a decent sized group (about 200 with 175 papers presented). There is lots of youth. And some of the established guys (e.g., Jakob de Haan, Lars Feld, Bruno Frey, Frans van Winden) are doing truly interesting empirical work (think Virginia, not social choice math-sturbation). Some of it has implications for U.S. Quick example. One paper empirically estimated the impact of independent policy auditing agencies in Swiss cantons/localities. Where there is genuine auditing, taxes and spending are lower by 18-20% and that's controlling for public good attributes (quality). It's a substantive binding constraint on policymaker waste, something I think would be great for our Department of Homeland Security (just to name one big example). Why am I bloggin about it? Next year there will be a "world congress" of the Euro, Japanese, and US societies in.....drum roll please.....: Amsterdam. I encourage anyone interested in applied political economy (empirical Virginia public choice) to think seriously about attending and presenting. I had a great time with these guys, especially the grad student crew from Groningen. They're friendly, young, energetic, smart, and have a way different perspective. You should go next year. It will be worth it. (Plus, these Europeans need more free market arguments put in front of them....) Posted by Edward J. Lopez at 06:29 PM in Economics
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The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith
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