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...
Duncan Black made a significant contribution to the development of public choice theory during his lifetime. Upon his death it became apparent that much of his scholarship and critique of economics was never published. Formal Contributions to the Theory of Public Choice is a collection of Duncan Black's unpublished works, representing his continuing contribution to economics and political science. It provides an insight into Black's intellectual endeavors and introduces some new ideas and extensions of earlier work.
Duncan Black made a significant contribution to the development of public choice theory during his lifetime. Upon his death it became apparent that mu...
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
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not...
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase its...
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...
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not...
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase its...
My first serious thought about a scientific approach to politics was in Communist China. When the Communists seized China, the American Department of State, which was planning to recognize them, left its entire diplomatic establishment in place. At the time, I was a Vice Consul in Tientsin, so I found myself living under the Communists. While the Department of State was planning on recognizing the Communists, the Communist plans were obscure. In any event, they weren't going to recognize us in the Consulate General until formal relations were established between the two governments, so I had...
My first serious thought about a scientific approach to politics was in Communist China. When the Communists seized China, the American Department of ...
Duncan Black made a significant contribution to the development of public choice theory during his lifetime. Upon his death it became apparent that much of his scholarship and critique of economics was never published. Formal Contributions to the Theory of Public Choice is a collection of Duncan Black's unpublished works, representing his continuing contribution to economics and political science. It provides an insight into Black's intellectual endeavors and introduces some new ideas and extensions of earlier work.
Duncan Black made a significant contribution to the development of public choice theory during his lifetime. Upon his death it became apparent that mu...
