The Economics of Special Privilege and Rent Seeking: 5 (Studies in Public Choice, 5) - Tapa dura

Libro 17 de 28: Studies in Public Choice

Tullock, Gordon

 
9780792390114: The Economics of Special Privilege and Rent Seeking: 5 (Studies in Public Choice, 5)
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ISBN 10: 0792390113 ISBN 13: 9780792390114
Editorial: Springer, 1989

Sinopsis

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, if you consider how much money is being moved by that industry, then it is comparatively small. The first question that this book seeks to answer is: How do we account for the disparity? A second problem is that almost all rent seeking is done in what superficially appears to be an extremely inefficient way. I recently got estimates of the net cost to the public of the farm program and its net benefit to the farmers. The first is many times the second. Indeed, it is not at all obvious that in the long run, today’s farmers are better off than they would be if the program had never been implemented. Of course, in any given year, cancelling the program would be quite painful. The first section of this book, then, is devoted to this problem.

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Reseña del editor

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, if you consider how much money is being moved by that industry, then it is comparatively small. The first question that this book seeks to answer is: How do we account for the disparity? A second problem is that almost all rent seeking is done in what superficially appears to be an extremely inefficient way. I recently got estimates of the net cost to the public of the farm program and its net benefit to the farmers. The first is many times the second. Indeed, it is not at all obvious that in the long run, today's farmers are better off than they would be if the program had never been implemented. Of course, in any given year, cancelling the program would be quite painful. The first section of this book, then, is devoted to this problem.

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Editorial
Springer
Año de publicación
1989
Idioma
Inglés
ISBN 10 
0792390113
ISBN 13 
9780792390114
Encuadernación
Tapa dura
Número de páginas
116
Contacto del fabricante
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Poststr. 9
Darmstadt
64293
Alemania

Otras ediciones populares con el mismo título

9789048157792: The Economics of Special Privilege and Rent Seeking: 5 (Studies in Public Choice, 5)

Edición Destacada

ISBN 10:  904815779X ISBN 13:  9789048157792
Editorial: Springer Netherlands, 2010
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