Economist W.H. Hutt criticized South Africa’s apartheid but argued that unconstrained majoritarianism combined with capital mobility could result in instability that could make previously oppressed groups worse off even with elections—due to the likely emergence of a populist strongman. Thus, his work stands as a powerful free-market critique of discrimination and a precursor to subsequent research on the critical importance of institutional design in transitional democracies seeking to overcome colonialism’s legacies.
Phillip W. Magness is a Research Fellow at the Independent Institute and Senior Research Fellow at the American Institute for Economic Research.
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Art Carden is a Research Fellow at the Independent Institute and an Associate Professor of Economics at Samford University.
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Ilia Murtazashvili is associate professor in the Graduate School of Public and International Affairs at the University of Pittsburgh.
Contemporary PoliticsCulture and SocietyDemocracyEconomyElections and Election LawFree Market EconomicsGovernment and PoliticsPhilosophy and ReligionRace Issues
Other Independent Review articles by Phillip W. Magness
Winter 2022/23 The Hyperpoliticization of Higher Ed: Trends in Faculty Political Ideology, 1969–Present
Spring 2021 The Origins and Political Persistence of COVID-19 Lockdowns
Summer 2020 One Nation Under God: How Corporate America Invented Christian America
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Other Independent Review articles by Art Carden
Spring 2023 The Creation of Knowledge in Society: Waste Defined by Property and Exchange
Summer 2017 We’ll Never Be Royals, but That Doesn’t Matter
Winter 2015/16 If We Keep Our Ethical Wits, We Can See over into a Great Enrichment
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Other Independent Review articles by Ilia Murtazashvili
Summer 2021 American Institutional Exceptionalism and the Trump Presidency
Summer 2020 The Fracking Debate: The Risks, Benefits, and Uncertainties of the Shale Revolution
Fall 2019 More Boon Than Bane: How the U.S. Reaped the Rewards and Avoided the Costs of the Shale Boom