Education Teaching Work Experience Awards Books Published Articles Book Chapters Working Papers Presentations Discussant Coordinator Referee Book Reviews
University of Maryland at College Park, Ph.D. Economics, 1994
Economic Fields: Public Choice, Industrial Organization
Other Study: Game Theory, Formal Political Theory
University of Texas at Austin, B.A., 1989
Major: Economics
Minor: Mathematics
Introduction to Economics, Public Choice, Public Finance, Theory of Social Choice, Industrial Organization
Professor, Wake Forest University, 2007 -
Co-director, Constitutional Convention Research Group 2009 -
Visiting Scholar, West Virginia University, February 2012
Reinsch/Pierce Faculty Fellow, Wake Forest University, 2007 - 2010
Guest co-editor, Southern Economic Journal July 2007 special issue to commemorate the 25th Anniversary of publication of Mancur Olson's The Rise and Decline of Nations
Co-editor-in-chief, Korean Journal of Public Choice, 2007 - 2009
Editorial Board, Korean Journal of Public Choice, 2006 - 2007
McCulloch Family Fellow, Wake Forest University, 2002 - 2006
Visiting Scholar, Center for Study of Public Choice, September 2005 - March 2006
Associate Professor: Wake Forest University, 2001 - 2007
Assistant Professor: Wake Forest University, Summer 1996-2001
Visiting Research Scholar, American Institute for Economic Research, Summer 1999, Summer 2004
Operations Research Analyst: Joint Warfare Analysis Center (U.S. Dept. of Defense), September 1995-June 1996
Visiting Assistant Professor: Wake Forest University, Fall 1994-Spring 1995
Graduate Instructor: University of Maryland at College Park, Fall 1993-Spring 1994
Economist: Economic Research Service, U.S. Department of Agriculture, July 1992-September 1993
Research Assistant for John Wallis: National Bureau of Economic Research and University of Maryland at College Park, June 1990-December 1993
Research Assistant for Mancur Olson: University of Maryland at College Park, Fall 1991-Spring 1992
Reynolds Leave, Spring 2012
Gordon Tullock Prize for best article in Public Choice by younger scholar (co-authored paper published in 2008)
NSF grant (with Keith L. Dougherty), September 2008 - August 2010
Reinsch/Pierce Faculty Fellow, Wake Forest University, 2007 - 2010
R. J. Reynolds Company Research Leave, Fall 2005 - Spring 2006
Gordon Tullock Prize for best article in Public Choice by younger scholar (paper published in 2004)
NSF grant (with Keith L. Dougherty), September 2004 - August 2005
McCulloch Family Fellow, Wake Forest University, 2002 - 2006
Z Smith Reynolds Foundation competitive sabbatical, Fall 1999
Wake Forest University Research and Publication Fund grant, December 1997
University of Maryland, Department of Economics Dissertation Fellowship, Fall 1992 - Spring 1993
Certificate of Appreciation, U.S. Department of Agriculture, August 1992
University of Maryland Graduate Fellowship, Fall 1989 - Spring 1991
Readings in Public Choice Economics, University of Michigan Press, 2004
Collective Choice: Essays in Honor of Mancur Olson (edited with Dennis Coates), Springer-Verlag 2003
Public Choice Interpretations of American Economic History (edited with John C. Moorhouse and Robert Whaples), Kluwer Academic Press 1999
“A Spatial Analysis of Delegate Voting at the Constitutional Convention” (with Keith Dougherty) Journal of Economic History forthcoming
“Institutions, Lobbying, and Economic Performance” (with Bonnie Wilson) Economics and Politics forthcoming
“Income Convergence among U.S. States: Cross-Section and Time Series Evidence” Canadian Journal of Economics forthcoming
“Empirical Evidence Regarding Regional Political Convergence in the United States” (with John Dinan) Journal of Regional Analysis and Policy forthcoming
“Cross-country Convergence of Financial Reforms” European Economics Letters forthcoming
“Strategy-Proof Scoring Rule Lotteries for Multiple Winners” (with Fred Chen) Journal of Public Economic Theory 15: 108-123, 2013 (pdf file)
“Has Assistance from USAID Been Successful in Promoting and Sustaining Democracy? Evidence from the Transition Economies of Eastern Europe and Eurasia” (with Andreas Freytag) Journal of Institutional and Theoretical Economics 168: 636-657, 2012
“A New Dataset of Delegate Positions on all Substantive Roll Calls at the U.S. Constitutional Convention” (with Keith Dougherty, Paul Carlsen, and David Gelman) Historical Methods 45: 135-141, 2012 (pdf file)
“Crossing the Threshold : An Analysis of IBRD Graduation Policy” (with Stephen Knack and Halsey Rogers) Review of International Organizations 7: 145-176, 2012 (pdf file)
“Testing for Aggregation Bias in a Nonlinear Framework: Some Monte Carlo Results” International Journal of Statistics & Economics 8: 1-11, 2012 (pdf file)
“Special Interest Groups and Growth” (with Dennis Coates and Bonnie Wilson) Public Choice 147: 439-457, 2011 (pdf file)
“Aid and Democratization in the Transition Economies” Kyklos 63: 558-579, 2010 (pdf file)
“Majority Rule Versus Supermajority Rules: Their Effects on Narrow and Broad Taxes” (with Keith L. Dougherty) Public Finance Review 38: 738-761, 2010 (pdf file)
“The Connection between Democratic Freedoms and Growth in Transition Economies” Applied Economics Quarterly 56: 121-146, 2010
“Corruption and the Institutional Environment for Growth ” (with Benjamin Powell) Comparative Economic Studies 52: 351-378, 2010 (pdf file)
“Convergence and Divergence in State Political Behavior, 1970-2004” (with John Dinan) The Social Science Journal 47: 689-698, 2010 (pdf file)
“Personalty Interests at the Constitutional Convention: New Tests of the Beard Thesis” (with Keith Dougherty) Cliometrica 4: 207-228, 2010 (pdf file)
“The Political Economy of Investment: Sclerotic Effects from Interest Groups” (with Dennis Coates and Bonnie Wilson) European Journal of Political Economy 26: 208-221, 2010 (pdf file)
“Relationships among Democratic Freedoms in the Former Soviet Republics: A Causality Analysis” Constitutional Political Economy 21: 80-96, 2010 (pdf file)
“Aid, Economic Freedom, and Growth, ” (with Steven Knack) Contemporary Economic Policy 27: 46-53, 2009 (pdf file)
“Convergence of Voter Turnout Rates in U.S. Presidential Elections,” Review of Regional Studies 38: 251-269, 2008 (pdf file)
“A Rational Choice Model for the Dakota Effect,” PS: Political Science and Politics 41: 677-678, 2008 (pdf file)
“Voting on Slavery at the Constitutional Convention,” (with Keith Dougherty) Public Choice 136: 293-313, 2008
(pdf file)
awarded Gordon Tullock Prize for best article of the year by younger scholar(s)
“Foreign Aid and Market-Liberalizing Reform,” (with Stephen Knack) Economica 75: 524-548, 2008 (pdf file)
“Senate Elections with Independent Candidates,” (with Andrew Yates) Journal of Theoretical Politics 20: 31-46, 2008 (pdf file)
“Joint Determination of Regulations by the Regulator and the Regulated: Commercial Bank Reserve Requirements, 1875-1979,” (with John Wood) Eastern Economic Journal 34: 158-171, 2008 (pdf file)
“An Economic Interpretation of the Constitutional Convention of 1787 Revisited,” (with Keith Dougherty) Journal of Economic History 67: 829-848, 2007 (pdf file)
“On Voting by Proportional Lottery,” Korean Journal of Public Choice 2: 1-11, 2007
“Determinants of Interest Group Formation,” (with Dennis Coates and Bonnie Wilson) Public Choice 133: 377-391, 2007 (pdf file)
“Explaining the Rain: The Rise and Decline of Nations after 25 Years,” Southern Economic Journal 74: 18-33, 2007 (pdf file)
“Special-Interest Groups and Volatility,” (with Bonnie Wilson and Dennis Coates) Economics Bulletin Vol 15, No. 18: 1-13, 2007 (pdf file)
“Voting on Voting with the Feet: A Cross-County Analysis of the Tennessee Popular Referenda to Secede from the Union,” (with John Dinan) Constitutional Political Economy 18: 83-97, 2007 (pdf file)
“A Pivotal Voter from a Pivotal State: Roger Sherman at the Constitutional Convention,” (with Keith Dougherty) American Political Science Review 100: 297-302, 2006 (pdf file)
“Another Look at the Evidence for Rational Partisan Cycles,” Public Choice 126: 257-274, 2006 (pdf file)
“Do Economists Differ from Political Scientists on Public Choice? Evidence from a Survey,” (with Robert Whaples) Korean Journal of Public Choice 1: 35-41, 2006
“Proxies for Economic Freedom: A Critique of the Hanson Critique,” Southern Economic Journal 72: 492-501, 2005 (pdf file)
“The Anti-Tobacco Movement during the Progressive Era: A Case Study of Direct Democracy in Oregon,” (with John Dinan) Explorations in Economic History 42: 529-546, 2005 (pdf file)
“Political Monetary Cycles under Alternative Institutions: The Independent Treasury and the Federal Reserve,” (with John Wood) Economics and Politics 17: 331-350, 2005 (pdf file)
“A Comparison of Aggregation Methods for Measures of Economic Freedom,” (with Michael Stroup) European Journal of Political Economy 21: 953-966, 2005 (pdf file)
“Public Choice Economics: Where is There Consensus?” (with Robert Whaples) American Economist 49: 66-78, 2005 (pdf file)
“Fractionalization Effect and Government Financing,” (with Hakan Berument) International Journal of Applied Economics 2: 37-49, 2005 (pdf file)
“Winning Probabilities in a Pairwise Lottery System with Three Alternatives,” (with Fred Chen) Economic Theory 26: 607-617, 2005 (pdf file)
“A Spatial Model of U.S. Senate Elections,” Public Choice 118: 87-103, 2004
(pdf file)
awarded inaugural Gordon Tullock Prize for best article of the year by younger scholar
“The Secret Ballot Protects the Incumbency Advantage,” The Independent Review 8: 419-425, 2004 (pdf file)
“Are Public Choice Scholars Different?” (with Robert Whaples) PS: Political Science and Politics 36: 797-799, 2003 (pdf file)
“Interest Groups and Investment: A Further Test of the Olson Hypothesis,” (with Dennis Coates) Public Choice 117: 333-340, 2003 (pdf file)
“Probabilistic Borda Rule Voting,” Social Choice and Welfare 21: 455-468, 2003 (pdf file)
“And a Hockey Game a Broke Out: Crime and Punishment in the NHL,” (with Andrew Yates) Economic Inquiry 41: 705-712, 2003 (pdf file)
“Now More Than Ever, Your Vote Doesn't Matter: A Reconsideration,” The Independent Review 7: 599-601, 2003 (pdf file)
“On the Measurement of Comparative Economic Freedom Across Nations,” International Journal of Business and Economics 1: 251-261, 2002 (pdf file)
“Which Economic Freedoms Contribute to Growth? Reply” (with Michael Stroup) Kyklos 55: 417-420, 2002 (pdf file)
“Electoral Uncertainty and the Macroeconomy: Evidence from Canada,” Public Choice 113: 179-189, 2002 (pdf file)
“Variable Rational Partisan Business Cycles: Theory and Some Evidence,” Canadian Journal of Economics 35: 568-585, 2002 (pdf file)
“Incumbency Preservation through Electoral Legislation: The Case of the Secret Ballot,” (with Andrew Yates) Economics of Governance 3: 47-57, 2002 (pdf file)
“Size of the Military Sector and Economic Growth: A Panel Data Analysis of Africa and Latin America,” (with Michael Stroup) Journal of Applied Economics 4: 329-360, 2001 (pdf file)
“Reply to a Comment on Sequential Elections and Overlapping Terms: Voting for U.S. Senate,” Journal of Economic Behavior and Organization 46: 441-444, 2001 (pdf file)
“Rent Setting in Multiple Winner Rent Seeking Contests,” (with Andrew Yates) European Journal of Political Economy 17: 835-852, 2001 (pdf file)
“Partisan Business Cycles under Variable Election Dates,” Journal of Macroeconomics 23: 261-275, 2001 (pdf file)
“The Econometrics of Rational Partisan Theory,” Applied Economics 33: 417-426, 2001 (pdf file)
“Which Economic Freedoms Contribute to Growth?” (with Michael Stroup) Kyklos 54: 527-544, 2000 (pdf file)
“Consistent Estimates of the Impact of Special Interest Groups on Economic Growth,” Public Choice 104: 319-327, 2000 (pdf file)
“Economic Freedom and Economic Growth: A Short-run Causal Investigation,” Journal of Applied Economics 3: 71-91, 2000 (pdf file)
“Revisiting the Relationship Between Secret Ballots and Turnout: A New Test of Two Legal-Institutional Theories,” American Politics Quarterly 28: 194-215, 2000 (pdf file)
“Sequential Elections and Overlapping Terms: Voting for U.S. Senate,” Journal of Economic Behavior and Organization 42: 97-108, 2000 (pdf file)
“Testing Rational Partisan Theory when Elections are Endogenous Events: Some Empirical Evidence from the United Kingdom,” Quarterly Journal of Business and Economics 38: 45-56, 1999 (pdf file)
“Adaptive Partisan Theory,” Journal of Public Finance and Public Choice 17: 11-18, 1999
“Financing Divided and Unified Partisan Governments,” Applied Economics Letters, 12: 789-791, 1998 (pdf file)
“Employment and Gubernatorial Elections during the Gilded Age,” Economics and Politics, 10: 297-309, 1998 (pdf file)
“Bribing Voters without Verification,” The Social Science Journal 35: 435-443, 1998 (pdf file)
“Political Business Cycles and Endogenous Elections,” (with Hakan Berument) Southern Economic Journal 64: 987-1000, 1998 (pdf file)
“Determining Who Voted in Historical Elections: An Aggregated Logit Approach,” Social Science Research 26: 121-134, 1997 (pdf file)
“Railroads and Property Taxes,” (with John J. Wallis) Explorations in Economic History 34: 77-99, 1997 (pdf file)
“Political Business Cycles Before the Great Depression,” (with Robert Whaples) Economics Letters 51: 247-251, 1996 (pdf file)
“The Effect of the Secret Ballot on Voter Turnout Rates,” Public Choice 82: 107-124, 1995 (pdf file)
“Do Political Freedoms Attract or Discourage Foreign Direct Investment? Evidence from Central and Eastern Europe and Former Soviet Union,” in Developing Economies: Innovation, Investment and Sustainability, edited by Joanne M. Carcillo, pp. 175-186, Nova Science, 2012
“On the Shoulders of a Giant: The Legacy of Mancur Olson,” (with Dennis Coates) in Collective Choice: Essays in Honor of Mancur Olson, pp. 1-13, Springer, 2003
“Absolute and Relative Effects of Interest Groups on the Economy,” (with Dennis Coates) in Collective Choice: Essays in Honor of Mancur Olson, pp. 129-142, Springer, 2003
“Historical Political Business Cycles in the United States,” in EH.Net Encyclopedia edited by Robert Whaples, 2001
“Federal Reserve Membership and the Banking Act of 1935: An Application to the Theory of Clubs,” (with John Wood) in Public Choice Interpretations of American Economic History, pp. 147-162, Kluwer Academic Press, 1999
Global Review of Resource and Environmental Policies (contributing author) Published by ERS, 1994
“Are Financial Markets Diverging or Converging?” under submission
“Are We There Yet? On the Convergence of Financial Reforms” (with Sandeep Mazumder) under submission
“Institutions, Lobbying, and Economic Performance” (with Bonnie Wilson) under submission
“Interest Groups and the `Rise and Decline' of Policy and Growth” (with Bonnie Wilson) under submission
“Growth and Volatility in the US States: Registered Interest Organizations and Institutional Sclerosis” (with Dennis Coates and Bonnie Wilson)
“Oil and the Macroeconomy” (with David Lynch), Joint Warfare Analysis Center Technical Report TN96/25
“Institutions, Lobbying, and Economic Performance” West Virginia University, March 2012; University of South Carolina, March 2012
“Spatial Analysis of Delegate Voting at the Constitutional Convention” University of Delaware, April 2012; University of Vermont, March 2012; Public Choice Society, March 2012; Southern Economics Association, November 2011; West Virginia University, September 2011
“Has Assistance from USAID Been Successful in Promoting and Sustaining Democracy? Evidence from the Transition Economies of Eastern Europe and Eurasia” Eastern Economics Association, March 2011
“Aid and Democratization in Eastern Europe” Southern Economics Association, November 2009
“Political Economy of Investment: Sclerotic Effects from Interest Groups” Southern Economics Association, November 2009; Midwest Economics Association, March 2009
“Personalty Interests at the Constitutional Convention: New Tests of the Beard Thesis” Allied Social Science Association, January 2009; Public Choice Society, March 2008; Appalachian State University, November 2007
“Strategy-Proof Scoring Rule Lotteries for Multiple Winners” Southern Economics Association, November 2008
“Special Interest Groups and Growth” Friedrich-Schiller University, Jena Germany, April 2008; Rhodes College, February 2009; University of North Carolina Charlotte, March 2009
“The Connection Between Democratic Freedoms and Growth in Transition Economies” European Public Choice Society, March 2008
“Voting on Voting with the Feet: A Cross-County Analysis of the Popular Referenda to Secede from the Union” International Atlantic Economics Society, October 2006; Rhodes College, February 2009
“Voting on Slavery at the Constitutional Convention” American University, March 2006
“Income Convergence Among the States: Cross-Section and Time Series Evidence” Southern Economics Assoication, November 2005; Eastern Economics Association, February 2010; International Atlantic Economics Society, October 2010
“Delegate Voting at the Constitutional Convention: Money and Debt Issues” Public Choice seminar series, George Mason University, March 2006; Southern Economics Assoication, November 2005; International Atlantic Economics Society, October 2005
“Joint Determination of Regulations by the Regulator and the Regulated: Commercial Bank Requirements, 1875-1979” Eastern Economics Association, March 2005
“Political Theories of the Business Cycle” American Institute for Economic Research, July 2004; High Point University, March 2009; Yeshiva University, March 2009
“Foreign Aid and Market Liberalizing Reform” American Institute for Economic Research, June 2004; University of Maryland, March 2006; International Atlantic Economics Society, October 2006; Wake Forest University, October 2006; University of Texas at Arlington, February 2007
“Senate Elections with Independent Candidates” Public Choice Society, March 2004; West Virginia University, February 2004
“Gone in a Puff of Smoke: Rejection of the 1930 Oregon Constitutional Amendment to Ban Cigarettes” Southern Economics Association, November 2003
“Multiple Candidate U.S. Senate Elections” Public Choice Society, March 2003
“A Comparison of Aggregation Methods for Economic Freedom Components” Public Choice Society, March 2003
“And a Hockey Game Broke Out: Crime and Punishment in the NHL” International Atlantic Economic Society, October 2002
“Political Monetary Cycles: The Independent Treasury versus the Federal Reserve” University of Georgia, December 2004; Western Economic Association International, July 2002; International Atlantic Economic Society, October 2001; Public Choice Society, March 2001; Cliometric Society, May 2001
“Absolute and Relative Effects of Interest Groups on the Economy” Western Social Science Association, April 2002; Southern Economic Association, November 2000
“A Spatial Model of U.S. Senate Elections” Public Choice Society, March 2000
“A Tiebout Model of Federal Reserve Membership, 1879-1979” Public Choice Society, March 2000
“Which Economic Freedoms Contribute to Growth?” American Institute for Economic Research, July 1999
“The Defense Burden and Economic Growth in Africa and Latin America” Western Economic Association International, July 1998; Defense Resources Management Institute Economics Seminar Series, Naval Postgraduate School, Monterray CA, June 1998
“Consistent Estimates of the Impact of Special Interest Groups on Economic Growth” Public Choice Society, March 1998
“Partisan Business Cycles under Variable Election Dates” University of Arkansas Economics Department workshop, October 1999; Stephen F. Austin Economics Department workshop, September 1999; Southern Economic Association, November 1998; Wake Forest University Department of Economics workshop, October 1998; University of Maryland Baltimore County Economics Department workshop, April 1997
“A Dynamic Model of Sequential Elections with Overlapping Terms” Public Choice Society, March 1997; University of Maryland at College Park Public Economics workshop, April 1996; IRSS Working Faculty Group in Political Economy, University of North Carolina at Chapel Hill, May 1995
“Political Business Cycles and Endogenous Elections” American Political Science Association, August 1997; IRSS Working Faculty Group in Political Economy, University of North Carolina at Chapel Hill, November 1996
“Railroads and Property Taxes” Triangle Economic History Workshop, October 1994
“Secret Ballot Elections: Vote Markets or Disfranchised Voters?” Public Choice Society conference, April 1994
“The Effect of the Secret Ballot on Voter Turnout Rates” University of South Alabama, February 1995; Wake Forest University, May 1994; University of Maryland Graduate Student workshop November 1993
Income and Intergenerational Distribution Topics session, Eastern Economics Association, February 2010
Markets, Politics, and Macro-Level Coordination session, Southern Economics Association, November 2009
Research on Economic Freedom session, Southern Economics Association, November 2009
Political Economy session, Midwest Economics Association, March 2009
History session, European Public Choice Society, March 2008
Political Business Cycles session, Public Choice Society, March 2008
Political Economy session, International Atlantic Economics Society, October 2006
Empirical Economics session, Southern Economics Association, November 2005
Maryland Public Choice session, Public Choice Society, March 2003
Political Economy: Elections and Government Formation session, American Economics
Association, January 2003
Topics in Public Choice session, Western Economic Association, July 2002
Constitutional Design and Economic Performance session, Public Choice
Society, March 2001
Topics in Public Choice session, Southern Economic Association, November 1998
Constitutions, the Environment, and the Law session, Public Choice
Society, March 1997
Applied Public Choice session, Southern Economic Association, November 1996
Presidential sessions on Topics in Cliometrics (I and II); Southern Economics Association, November 2011
Presidential sessions on Cliometrics: American Economic History; European Economic History; Southern Economics Association, November 2010
Presidential sessions on: Growth and Volatility; Macroeconomic Political Economy; Southern Economics Association, November 2009
Presidential sessions on: Determinants of State Economic Growth Rates; Social Choice Theory; Southern Economics Association, November 2008
Political Business Cycles session; Maryland Public Choice session; Public Choice Society, March 2008
Presidential session on Economic History of the South, Southern Economics Association, November 2007
Presidential sessions on: The Rise and Decline of Nations after 25 Years (with Dennis Coates); Political Economy; Southern Economics Association, November 2006
Political Economy session; International Political Economy session; International Atlantic Economics Society, October 2006
Empirical Economics session; Environmental Policies session; Institutions and Governance session; Southern Economics Association, November 2005
U.S. Constitutional Convention Clauses: Adoption and Impact session, International Atlantic Economics Society, October 2005
Maryland Public Choice sessions: Institutions; Special Interest Groups; Voting and Elections; Public Choice Society, March 2004
Applied Economic History session, Southern Economic Association, November 2003
Maryland Public Choice session, Impact and Measurement of Institutions session, Public Choice Society, March 2003
Risk and Uncertainty session, Economics of Sports and Gaming session, International Atlantic Economic Society, October 2002
Macroeconomic Political Economy session, International Atlantic Economic Society, October 2001
The Politics of Economic History session, Public Choice Society, March 2001
The Politics of Economic History session, Public Choice Society, March 2000
Applications of Public Choice Theory to Economic History conference (with John Moorhouse and Robert Whaples), Wake Forest University, April 9-10, 1999
Economics and Politics
Southern Economic Journal
American Politics Quarterly
Economics of Governance
Journal of Macroeconomics
Social Science History
Journal of Political Economy
European Journal of Political Economy
Economic Inquiry
The Independent Review
International Journal of Business and Economics
Journal of Applied Economics
Journal of Sports Economics
World Development
Political Communications
Journal of Economic Theory
American Economist
Global Finance Journal
Journal of Comparative Economics
Econ Journal Watch
Public Choice
Defense and Peace Economics
Journal of Economic History
Journal of Development Economics
International Economic Review
American Political Science Review
Constitutional Political Economy
American Journal of Political Science
International Interactions
Blackwell Press
Addison-Wesley Publishers
National Science Foundation
To Form a More Perfect Union: A New Economic Interpretation of the United States Constitution,
by Robert A. McGuire, Journal of Economic History 66: 255-257, 2006
Congress: A Political-Economic History of Roll-Call Voting, by
Keith T. Poole and Howard Rosenthal, Eh.Net, 1998
Opening the West: Federal Internal Improvements Before 1860,
by Laurence J. Malone, Journal of Economic History 59: 554-555, June 1999
Special Interest Politics, by Gene M.Grossman and Elhanan Helpman,
Economic Record 32: 368-370, September 2002
From Liberty to Democracy: The Transformation of American Government,
by Randall G. Holcombe, Public Choice 119: 255-258, 2004