- Revista de Historia Economica Journal
- September 2022
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- This paper explores Alexis de Tocqueville's thought on fiscal political economy as a forerunner of the modern school of preference falsification and rational irrationality in economic decision making. A good part of the literature has misrepresented Tocqueville as an unconditional optimist regarding the future of fiscal moderation under democracy. Yet, although he initially shared the cautious optimism of most classical economists with respect to taxes under extended suffrage, Tocqueville's view turned more pessimistic in the second volume of his Democracy in America. Universal enfranchisement and democratic governments would lead to higher taxes, more intense income redistribution and government control. Under democracy, the continuous search for unconditional equality would eventually jeopardise liberty and economic growth.
- alexis de tocqueville; income redistribution; tocqueville's cross; rational irrationality; equality; alexis de tocqueville; redistribución de ingresos; la cruz de tocqueville; irracionalidad racional; igualdad