The end of the Cold War, the cessation of superpower rivalry, and the demise of apartheid in South Africa have offered Africans another opportunity to engage in effective institutional reform and state reconstruction. This book emphasizes the importance of institutions to economic growth and development and, using public choice theory, provides guidelines that can be used to initiate and implement an effective people-driven institutional reform program on the continent.
The end of the Cold War, the cessation of superpower rivalry, and the demise of apartheid in South Africa have offered Africans another opportunity...
This book provides an introduction to the positive theory of the budgetary process based on the theory of public choice. Although budgetary institutions are very diverse, both between and within countries, the author identifies key elements in the budgetary process that are common to all forms of representative government. The book develops a step-by-step model that can be used to explain and predict budgetary decisions in existing institutions, as well as to analyze institutional change, including cost budgeting and various forms of privatization.
This book provides an introduction to the positive theory of the budgetary process based on the theory of public choice. Although budgetary institutio...
Some time ago one of the editors (Gordon Tullock) stumbled on a paradox in the competition for rents. He asked a previous research assistant (William Hunter) to work out some examples and gave a seminar on it. For reasons he cannot recall (but probably bad) he titled his talk Efficient Rent Seeking'. As Editor of Public Choice he was able to publish without a referee. Incidentally, The Journal of Political Economy had turned it down on the grounds that the economy could not be that chaotic, and hence there must be something wrong even if the referee couldn't put his finger on it. There...
Some time ago one of the editors (Gordon Tullock) stumbled on a paradox in the competition for rents. He asked a previous research assistant (William ...
As the reader of this book probably already knows, I have devoted a great deal of time to the topic which is, rather unfortunately, named rent seeking. Rent seeking, the use of resources in actually lowering total product although benefiting some minority, is, unfortunately, a major activity of most governments. As a result of this, I have stumbled on a puzzle. The rent-seeking activity found in major societies is immense, but the industry devoted to producing it is nowhere near as immense. In Washington the rent-seeking industry is a very conspicuous part of the landscape. On the other hand,...
As the reader of this book probably already knows, I have devoted a great deal of time to the topic which is, rather unfortunately, named rent seeking...
Economics has been basically a study of the interactions between organizations, with some organizations being so small we only have one person in them. The internal organization of the largest hierarchies has indeed been looked at, but a good reason for working less on these organizations is that the internal reactions are much harder to understand. It is sensible to solve the problems we can solve and put the others off until later. The author's basic purpose here is to look at these larger hierarchical organizations, and develop a scientific account of them. In Economic...
Economics has been basically a study of the interactions between organizations, with some organizations being so small we only have one person in them...
While income redistribution is one of the most important functions of modern governments, the world has changed greatly since this first edition of Economics of Income Redistribution was published in 1983. Pension systems and medical programs are in a state of crisis in many parts of the world and the general political mood is shifting away from income redistribution. Economics of Income Redistribution (2ndedition) brings this work up to date by discussing the economic and political aspects of income redistribution. It examines the classical moral objective of...
While income redistribution is one of the most important functions of modern governments, the world has changed greatly since this first edition of