December, 2003

Postwar Reconstruction: Some Insights from Public Choice and Institutional Economics - Working Paper

  • Christopher Coyne

    Associate Director, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics
  • Tyler Cowen

    Holbert L. Harris Chair of Economics at George Mason University
Key materials
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A successful reconstruction is characterized by a widespread coordination problem combined with potential pockets of conflict. In this working paper, Cowen and Coyne analyze the array of relationships that take place in the reconstruction process--political, economic and social--by considering under what circumstances they are situations of conflict or coordination. Historical attempts at reconstruction provide further understanding of how to achieve success.