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Rent Seeking


The Shaftesbury Papers, 2

Автор(и) : Gordon Tullock

Издател : Edward Elgar

Място на издаване : Vermont, USA

Година на издаване : 1993

ISBN : 1-85278-870-4

Брой страници : 98

Език : английски

 

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This is a succinct but comprehensive account of the research programme in rent seeking launched by Gordon Tullock's argument that the availability of monopoly rents through government encourages self-seeking individuals to waste economic resources in competitive bidding for those rents.
Rent Seeking reviews each of the contributions for which Professor Tullock is famous, including his basic insight, the cost of transfers, competition for aid, the political market in rent seeking, efficient rent seeking, the transitional gains trap, and the cost of rent seeking, and shows how these insights have triggered a burgeoning research literature. Gordon Tullock skilfully draws out the dangerous implications of rent seeking behavior for private property rights. In characteristic fashion, he returns to his path-breaking work on the economic theory of constitutions in search of novel ways to secure the right to life, liberty and property through a reinforced constitutional republic. Both for the specialist scholar and for the new initiate, this is a great instructive essay.

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