Madmen, Intellectuals, and Academic Scribblers: The Economic Engine of Political Change - Tapa dura

"Madmen raises serious questions about simple explanations of change-because it makes clear there are several necessary conditions for a political shift. We tend to think of change as resulting from a single hero or villain, but the story is more complex. The tales in this book show what it takes to effect change, while weaving a narrative that is entertaining and memorable." -- Michael C. Munger * Duke University and author of Analyzing Policy * "Madmen, Intellectuals and Academic Scribblers is a rare treat-and a rare feat. Seldom does a work in the classical tradition of political economy combine the rigors of academic inquiry with the delights of successful storytelling. The authors' multidisciplinary approach, and their emphasis on the many facets of entrepreneurship, enables them to tackle the complex interplay of ideas, institutions, and human incentives, while resisting the temptations of facile reductionism." -- Roberto Salinas Leon, Presidente * Mexico Business Forum * "There's no shortage of writing about bad government policies, but Leighton and Lopez go several steps deeper, by exploring the incentives that foster bad policies, the institutions that foster bad incentives, the ideas that foster bad institutions, and the social processes that foster the spread of bad ideas. Better yet, they offer wise prescriptions for change and colorful stories to illustrate their wisdom. This is a book that manages all at once to be wise, important, and great fun to read. I highly recommend it." -- Steven E. Landsburg, Professor of Economics * University of Rochester * "[T]his book offers a very interesting account of the interplay between ideas and policy. I recommend it highly." -- Lawrence W. Kenny * University of Florida * "Come along with Leighton and Lopez as they speed date significant economic and philosophical influencers and chart the triumph of markets. As an erstwhile political practitioner in radical market reforming mode, I was relieved to find that I could dodge the moniker of 'madman' and classify myself as a 'political entrepreneur.' Racy and relevant, this book is a call to reforming arms." -- Honourable Ruth Richardson, former Minister of Finance * New Zealand * "Leighton and Lopez supply intellectually sound arguments, grounded in public choice and of Austrian economics, to explain why democratic governments often fail to produce policies that are consistent with the public's interest. Drawing on sources from across history-from Plato and Aristotle to Friedrich Hayek, and James Buchanan-Madmen situates current policy debates in a context much wider than usual. Most impressive are the authors' evident grasp of-and ability to synthesize-complex arguments about the properties of 'good government.'" -- William F. Shughart II, University of Mississippi and co-author of Policy Challenges and Political Responses "This book is an inspiring reminder that great thinking matters. It's a delightful, accessible, and thought-provoking book for anyone interested in big ideas at the intersection of economics and politics." -- Charles Wheelan * University of Chicago and author of Naked Economics: Undressing the Dismal Science * "Leighton and Lopez's book, Madmen, Intellectuals, and Academic Scribblers, is a motivated reading into the role political entrepreneurs play in creating policy. The book discusses three distinct levels of change: origination, establishment, and implementation of new ideas. The result of their efforts is an expansive survey edited to less than 200 pages of discussion. What is surprising, then, is that the authors cover the material and maintain a conversational tone, comfortable even for a novice historian of thought. The book takes the reader through selected episodes that are instrumental in improving the general economic welfare of society . . . [Madmen, Intellectuals, and Academic Scribblers] provides much needed context in the literature of political entrepreneurship. It provides a more concrete way of thinking about the role of change from an individual's actions to the design of policy. The discussion in the book should inform debates at the intersection of economics and political science. Madmen, Intellectuals, and Academic Scribblers breaks down the complex issue of political entrepreneurship into a more manageable inquiry." -- Michael D. Thomas * Public Choice * "[T]his book is an important contribution, both to public choice theory and to the newly developing literature emphasizing the role of ideas in political economy. The book's biggest strength is that the arguments have a strong foundation in the intellectual history of both economics and politics, and the authors demonstrate the importance of ideas by example." -- Shruti Rajagopalan * Journal of the History of Economic Thought * "Ideas matter. Madmen, with its engaging stories, is perfect for anyone interested in public policy, or how our world could be a better place. Read it, and assign it to your class." -- Tyler Cowen * George Mason University, blogger at The Marginal Revolution, and author of Discover Your Inner Economist * "Why have some countries remained poor, while others are on the train of progress? And, ultimately, what drives social change? Free market reformers will quickly agree on what needs to be done to jumpstart the wealth creation process. Where they get stuck is how you actually do it. Faced with the complexity of social change, the room goes mute. Leighton and Lopez have written a captivating book that explains the process of social change, from ideas to outcomes. Their theoretical framework-centered on the figure of the 'political entrepreneur'-is illuminating and original. It will spark productive conversations among those who are interested in social change and the wealth of nations." -- Giancarlo Ibarguen * Entrepreneur and President of Universidad Francisco Marroquin *

This book introduces readers to the economics of politics-particularly political change-showing how incentives matter as much in politics as they do in the rest of our lives, and illustrating how ideas ultimately determine our motivations and the outcomes that they produce.