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Mathew Carey s long-neglected The New Olive Branch offers new insight into political economy as it really happened. This is the first-ever scholarly edition of Carey s most important economic work. Like other volumes in Anthem s Economic Ideas that Built America series, it gives the reader easy access to historical works that have been dropped from the modern economic canon because of their uncomfortable fit with contemporary conceptions of classical economics rooted in the work of Adam Smith, David Ricardo and Thomas Malthus.

In The New Olive Branch, Carey derided those so-called...

When Boris Yeltsin calls out the tanks and shells parliament, or when he pins medals on veterans, both acts are called executive decrees, but we do not understand both to be equivalent examples of executive discretion over policymaking. Executives increasingly take (or are given) the authority to act without concurrent legislative action. This book offers a theory of political institutions that predicts when executives should turn to decree and when legislatures should accept--or even prefer--this method of making policy. Extensive case studies demonstrate how decree has been used and abused...

When Boris Yeltsin calls out the tanks and shells parliament, or when he pins medals on veterans, both acts are called executive decrees, but we do not understand both to be equivalent examples of executive discretion over policymaking. Executives increasingly take (or are given) the authority to act without concurrent legislative action. This book offers a theory of political institutions that predicts when executives should turn to decree and when legislatures should accept--or even prefer--this method of making policy. Extensive case studies demonstrate how decree has been used and abused...