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Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 9780898382419
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
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 surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.
Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 9780898382419
Category : Business & Economics
Languages : en
Pages : 520
Get Book Here
Book Description
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 surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.
Author: R. D. Congleton
Publisher: Edward Elgar Publishing
ISBN: 1782544941
Category : Business & Economics
Languages : en
Pages : 553
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Book Description
The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political econo
Author: Gordon Tullock
Publisher: Selected Works of Gordon Tullo
ISBN: 9780865975354
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
The fifth volume in The Selected Works of Gordon Tullock consists of six parts, each part expounding on a separate component of the field. Part 1, "Rent Seeking: An Overview," brings together two papers that focus on problems of defining rent-seeking behavior and outline the nature of the ongoing research program in a historical perspective. Part 2, "More on Efficient Rent Seeking," contains four contributions in which Tullock elaborates on his 1980 article on efficient rent seeking. Part 3, "The Environments of Rent Seeking," consists of eight papers that collectively display the breadth of the rent-seeking concept. Part 4, "The Cost of Rent Seeking," comprises seven papers that address several important issues about the cost of rent seeking to society as a whole. Part 5 is Tullock's short monograph Exchanges and Contracts, in which he develops a systematic theory of exchange in political markets. In Part 6, "Future Directions for Rent-Seeking Research," Tullock focuses on the importance of information in the political marketplace. This work has been carefully constructed to build on the inaugural volume in this collection and to ease students through the field in a clear and concise manner. Gordon Tullock is Professor Emeritus of Law at George Mason University, where he was Distinguished Research Fellow in the Center for Study of Public Choice and University Professor of Law and Economics. He also taught at the University of South Carolina, the University of Virginia, Rice University, Virginia Polytechnic Institute and State University, and the University of Arizona. In 1966 he founded the journal that became Public Choice and remained its editor until 1990. Charles K. Rowley was Duncan Black Professor of Economics at George Mason University and a Senior Fellow of the James M. Buchanan Center for Political Economy at George Mason University. He was also General Director of the Locke Institute.
Author: Mushtaq Husain Khan
Publisher: Cambridge University Press
ISBN: 9780521788663
Category : Business & Economics
Languages : en
Pages : 358
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Book Description
The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.
Author: Silvio Borner
Publisher: Springer
ISBN: 1349262846
Category : Political Science
Languages : en
Pages : 403
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Book Description
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.
Author: Alan Lockard
Publisher:
ISBN: 9781475750560
Category :
Languages : en
Pages : 420
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Book Description
Author: John Eatwell
Publisher: Springer
ISBN: 1349213152
Category : Business & Economics
Languages : en
Pages : 766
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Book Description
What are the central questions of economics and how do economists tackle them? This book aims to answer these questions in 100 essays, written by economists and selected from "The New Palgrave: A Dictionary of Economics". It shows how economists deal with issues ranging from trade to taxation.
Author: Lotta Moberg
Publisher: Taylor & Francis
ISBN: 1315298945
Category : Business & Economics
Languages : en
Pages : 205
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Book Description
This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future.
Author: James M. Buchanan
Publisher: College Station : Texas A & M University
ISBN:
Category : Business & Economics
Languages : en
Pages : 392
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Book Description
Author: Gordon Tullock
Publisher: Selected Works of Gordon Tullo
ISBN: 9780865975415
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
During the past half-century Gordon Tullock continually advanced the frontiers of political economy, most particularly with respect to the workings of representative democracies and of autocracies. This ten-volume series, edited and arranged thematically, brings together Tullock's most significant contributions to economics, political science, public choice, sociology, law and economics, and bioeconomics. Scholars will undoubtedly find the extensive breadth and depth of Tullock's writings enriching. The general reader, as well as the student of politics, and all who love economic liberty, will find Tullock's prose lucid, readable, and sprinkled with wit. His forensic argument is penetrating, compelling, and clear, and his brilliant mind is surprisingly accessible to us all. The Selected Works of Gordon Tullock provides an entr e to the mind of a legend in the field of political economics. Professor Rowley gives a deliberately sparse contextual introduction to each volume, opting to allow the very able and eloquent Tullock to speak for himself. Gordon Tullock (1922-2014) was Professor Emeritus of Law at George Mason University, where he was Distinguished Research Fellow in the Center for Study of Public Choice and University Professor of Law and Economics. He also taught at the University of South Carolina, the University of Virginia, Rice University, Virginia Polytechnic Institute and State University, and the University of Arizona. In 1966 he founded the journal that became Public Choice and remained its editor until 1990. Charles K. Rowley (1939-2013) was Duncan Black Professor of Economics, a Senior Fellow of the James M. Buchanan Center for Political Economy at George Mason University, and the General Director of the Locke Institute.
