Professor Wallis received his PhD in economics from the University of Washington in 1981. After a post-doctoral fellowship at the University Chicago, he came to the University of Maryland Department of Economics in 1983. He has been a Research Associate at the National Bureau of Economic Research since 1989.
Professor Wallis is an economic historian who specializes in the public finance of American governments, constitutional development, and more generally on the institutional development of governments and economies. He teaches graduate and undergraduate courses in American Economic History (Economics 611 and 311), an undergraduate course on Economic History and Modern Development (Economics 412) and a graduate class on the theory of the state (Economics 613).
Recent publications include "Constitutions, Corporations, and Corruption."Journal of Economic History, March 2005, "The Concept of Systematic Corruption in American History" in Glaeser and Goldin, ed.Corruption and Reform: Lessons from America"s Economic History, University of Chicago Press, 2006, andViolence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History, with Douglass North and Barry Weingast,Cambridge University Press,2009.
Areas of Interest
- Economic History
- Public Finance of American Governments
- The Institutional Development of Governments and Economies
Degree TypePhDDegree DetailsUniversity of Washington, 1981
|Course Name||Course Title||Semester||Syllabus|
|ECON311||American Economic History Before the Civil War||Fall 2023|
|ECON611||Origins and Development of Capitalism||Spring 2023|
|ECON311||American Economic History Before the Civil War||Spring 2022|
|ECON613||Origins and Development of Capitalism||Spring 2022|
|ECON311||American Economic History Before the Civil War||Fall 2021|
|ECON709||Advanced Topics in Applied and Theoretical Macroeconomics||Spring 2021|
|ECON878||Workshop in Labor Economics||Spring 2021|
|ECON611||Origins and Development of Capitalism||Spring 2021|
- Institutions, Organizations, Impersonality, and Interests: The Dynamics of Institutional Change, , Journal of Economic Behavior and Organization 79(2 ), 48-64, June .
- Deconstructing the Dominant Discourse: Chang on Institutions and Development., , Journal of Institutional Economics 7(4 ), 589-593, December .
- Lessons for California from the History of Fiscal Constitutions, , California Journal of Politics and Policy 2(3 ), 1-19, January .
- Lessons from the Political Economy of the New Deal, , Oxford Review of Economic Policy 26(3 ), 442-462, January .
- Violence and the Rise of Open-Access Orders, , Journal of Democracy 20(1 ), 55-68, January .
- Constitutions, Corporations, and Corruption: American States and Constitutional Change, 1842 to 1852, , Journal of Economic History 65(1 ), 211-256, March .
- The Market for American State Government Bonds in Britain and the United States, 1830 to 1843, , Economic History Review 58(4 ), 736-764, November .
- Can the New Deal's Three R's be Rehabilitated? A Program-by-Program, County-by-County Analyis., , Explorations in Economic History 40(3 ), 278-307, July .
- The Political Economy of New Deal Spending, Yet Again: A Reply to Fleck, , Explorations in Economic History 38(2 ), 305-314, April .
- American Government Finance in the Long Run: 1790 to 1990., , Journal of Economic Perspectives 14(1 ), 61-82, December .
- The Anatomy of a Sovereign Debt Crisis, , Japan and the World Economy 10(3 ), 267-293, July .
- The Political Economy of New Deal Spending Revisited, Again: With and Without Nevada, , Explorations in Economic History 35(2 ), 140-170, April .
- Railroads and Property Taxes, , Explorations in Economic History 34(1 ), 77-99, January .
- Integrating Institutional Change and Technical Change in Economic History: A Transaction Cost Approach., , Journal of Institutional and Theoretical Economics 150(4 ), 609-624, December .
- The Political Economy of New Deal Fiscal Federalism, , Economic Inquiry 29(3 ), 510-524, July .
- Employment in the Great Depression: New Data and Hypothesis, , Explorations in Economic History 26(1 ), 45-72, January .
- Towards a Positive Economic Theory of Institutional Change, , Journal of Institutional and Theoretical Economics 145(1 ), 98-112, March .
- Does Economic Sclerosis Set in With Age? An Empirical Study of the Olson Hypothesis, , Kyklos 41(3 ), 397-417, August .
- Should Transactions Costs Be Subtracted From Gross National Product?, , Journal of Economic History 48(3 ), 651-654, September .
- U.S. City Finances and the Growth of Government, 1850–1902, , Journal of Economic History 48(2 ), 347-356, June .
- Banks and State Public Finance in the New Republic: The United States, 1790-1860, , Journal of Economic History 47(2 ), 391-403, June .
- Employment, Politics, and Economic Recovery in the Great Depression, , Review of Economics and Statistics 69(3 ), 516-520, August .
- The Birth of the Old Federalism: Financing the New Deal, 1932–1940, , Journal of Economic History 44(1 ), 139-159, March .
- American Government Expenditures: An Historical Perspective, , American Economic Review 72(2 ), 336-340, May .
- Public Relief and Private Employment in the Great Depression, , Journal of Economic History 41(1 ), 97-102, March .