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Correcting imposed institutions: default and reparations?

David M. Levy & Sandra J. Peart

Journal of Public Finance and Public Choice2025https://doi.org/10.1332/25156918y2024d000000018article
ABDC C
Weight
0.50

What the paper says

James Buchanan's normative theory of political exchange would justify debt repudiation when debt finances the consumption of a majority. He also insisted that each generation, as a group, deserves an equal starting point. Would this theory of political exchange justify reparations to Black Americans for state actions that caused intergenerational harm? We see many similarities between the cases.

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https://doi.org/https://doi.org/10.1332/25156918y2024d000000018

Or copy a formatted citation

@article{david2025,
  title        = {{Correcting imposed institutions: default and reparations?}},
  author       = {David M. Levy & Sandra J. Peart},
  journal      = {Journal of Public Finance and Public Choice},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1332/25156918y2024d000000018},
}

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Correcting imposed institutions: default and reparations?

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.