Homesteading the Unassigned District: Political Entrepreneurship and the Political Process
George Mason University WP No. 98.03
Posted: 13 Apr 1998
Date Written: 1998
The paper examines the political economy process culminating in the first Oklahoma Land Run; it adapts Schumpeter's theory of the entrepreneur to the political process, and uses the "political entrepreneur"; to dynamically link the theories of Peltzman and Olson. The Land Rush is analyzed as political entrepreneurship on the part of the railroads and David Payne to coalesce a new interest group which alters the martinal pressure on politicians, thereby altering the political outcome.
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JEL Classification: N4
Suggested Citation: Suggested Citation