Suffrage Reform and Financial Volatility: Reconsidering the Great Reform Act

By Gary W. Cox (Stanford University) and Sebastian M. Saiegh (University of California San Diego) On 7 December 2022, Peru's left-wing President Pedro Castillo attempted to dissolve Congress and establish a "government of exception." However, by the end of the day, he was ousted from power and subsequently arrested. During these events, the Peruvian stock … Continue reading Suffrage Reform and Financial Volatility: Reconsidering the Great Reform Act

The Budgetary Origins of Fiscal Military Prowess

By Gary Cox and Mark Dincecco Does political representation improve the government’s military might? Two types of theory say yes. The first is the “participative” theory, which the classic sociologist Max Weber describes as follows: “The basis of democratization is everywhere purely military in character; [whenever] the community…was compelled [by the exigency of war] to … Continue reading The Budgetary Origins of Fiscal Military Prowess