Abstract
Levy (2002) argues that J. M. Buchanan's worst-case philosophy of constitutional political economy and J. W. Tukey's worst-case philosophy of mathematical statistics are analogous. Levy's analogy, however, is problematic. Institutions are only contingently robust. Worst-case political economy is simply best-case thinking in another guise.
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Farrant, A. Robust Institutions: The Logic of Levy?. The Review of Austrian Economics 17, 447–451 (2004). https://doi.org/10.1023/B:RAEC.0000044640.53341.1d
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DOI: https://doi.org/10.1023/B:RAEC.0000044640.53341.1d