John J. Wallis


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Government Finance in the United States

Almost everything I do has some connection to government finance. The papers cited in this section are specifically about government finance. If you are interested in my work on government finance you should consult the other areas of specialization as well.

My research into government finance began in my dissertation when I tried to figure out how the federal, state, and local governments coordinate on the financing of relief programs during the New Deal.

These papers are referenced in the New Deal research section.

In 1983, Dick Sylla, John Legler and I began collecting state and local government statistics for the 19th and early 20th century.

Most of what we collected has been archived at ICPSR, although some details of individual state and city finances have not been released. We have never "finished" this project, although hopes springs eternal. The finer the level of detail in the statistics, the more doubt there is about their accuracy. So we are waiting to do a final release until the time when we are sure about the state and local accounts. Don’t hold your breath.

Papers directly out the project:

  • "Banks and State Public Finance in the New Republic: The United States, 1790-1860," with Richard Sylla and John B. Legler, Journal of Economic History, 47, pp. 391-403, June 1987.
  • "U.S. City Finances and the Growth of Government, 1850-1902," with John B. Legler and Richard Sylla, Journal of Economic History, 48, pp. 347-356, June 1988.
  • "The Interaction of Taxation and Regulation in Nineteenth Century Banking" with Richard Sylla and John Legler, in Claudia Goldin and Gary Libecap, eds., The Regulated Economy: An Historical Approach to Political Economy, NBER, University of Chicago Press, 1994.
  • My collaboration with Sylla led to a whole series of papers on the 19th century, which are referenced in the 19th century research summary. Many of these are directly related to public finance.

    I have also published a series of larger examinations of pieces of government finance:

  • "American Government Expenditures: An Historical Perspective," with Douglass C. North, American Economic Review, 72, pp. 336-340, May 1982.
  • "Does Economic Sclerosis Set in With Age? An Empirical Study of the Olson Hypothesis," with Wallace E. Oates, Kyklos, 41, pp. 397-417, 1988.
  • "Railroads and Property Taxes," with Jac Heckelman, Explorations in Economic History, 34, pp. 77-99, January 1997.
  • "American Government Finance in the Long Run: 1790 to 1990," Journal of Economic Perspectives, 2000.
  • "The Property Tax as a Coordinating Device: Financing Indiana’s Mammoth System of Internal Improvements, 1835 to 1842." Explorations in Economic History, July 2003.
  • "Decentralization in the Public Sector: An Empirical Study of State and Local Government," with Wallace Oates, in Harvey Rosen, ed. Fiscal Federalism, NBER, University of Chicago Press, 1988.
  • "Government Growth, Income Growth and Economic Growth", in John James and Mark Thomas, eds. Capitalism in Context, University of Chicago Press, 1994.
  • "A History of the Property Tax in America," in Property Taxation and Local Government Finance, Wallace E. Oates, ed. Lincoln Institute of Land Policy, 2001.

    "American Government and the Promotion of Economic Development In the National Era, 1790 to 1860." Forthcoming in The Role of Government in U.S. Economic History: Essays in Honor of Robert Higgs, Price Fishback, ed.

     

  • Finally, I edited the chapter on "Government Finance and Employment" in the forthcoming edition of Historical Statistics of the United States.

  • "Government Finances and Employment," Historical Statistics of the United States, Carter, Gartner, Haines, Olmstead, Sutch, and Wright eds. Cambridge University Press, 2004 (?).
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