The Economics of Special Privilege and Rent Seeking is popular PDF and ePub book, written by G. Tullock in 2013-03-14, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Economics of Special Privilege and Rent Seeking can be Read Online from any device for your convenience.
The Economics of Special Privilege and Rent Seeking Book PDF Summary
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.
Detail Book of The Economics of Special Privilege and Rent Seeking PDF
- Author : G. Tullock
- Release : 14 March 2013
- Publisher : Springer Science & Business Media
- ISBN : 9789401578134
- Genre : Business & Economics
- Total Page : 101 pages
- Language : English
- PDF File Size : 20,9 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book The Economics of Special Privilege and Rent Seeking by G. Tullock, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.