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Democracy and Laissez Faire: the New York State Constitution of 1846

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Tags U.S. EconomyU.S. HistoryPolitical Theory

07/30/2014Arthur A. Ekirch Jr.

New York's current financial woes have a precedent, and perhaps a solution, in the pages of the distant past. Well back in its history, in the late 1830s, New York State was spending and lending money lavishly. By the early 1840s, the rapidly mounting debt had occasioned a severe financial crisis.

Volume 1, Number 4 (1977)

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Ekirch, Arthur A. "Democracy and Laissez Faire: the New York State Constitution of 1846." Journal of Libertarian Studies 1, No.4 (1977): 319-323.