Economic Theory

Read e-book online Public Goods, Redistribution and Rent Seeking PDF

By Gordon Tullock

ISBN-10: 184376637X

ISBN-13: 9781843766377

ISBN-10: 1845424689

ISBN-13: 9781845424688

Gordon Tullock, eminent political economist and one of many founders of public selection, deals this new examine how governments and externalities are associated. Economists usually justify executive as facing externalities, outlined as advantages or bills which are generated because the results of an financial task, yet that don't accrue on to these fascinated about the task. during this unique paintings, Gordon Tullock posits that executive may also create externalities. In doing so, he appears at governmental job that internalizes such externalities.

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Read e-book online Public Goods, Redistribution and Rent Seeking PDF

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The explanation is simple. The government is the authorized body for the use of force. They have a police force and an army, which is organized to exert force on people who are reluctant to carry out externality-reducing activities. This is a hangover from the earlier society previously mentioned in this study on the origin of the state and the probability is that it 26 Public goods, redistribution and rent seeking began, in Olson’s (1982) phrase as a ‘stationary bandit’. It still has these powers and anyone filling out his income tax is apt to feel that it uses them excessively.

There have been at least three upsurges of democratic government in the general European area. Greece and Rome began as democracies although they were eventually integrated into Imperial Rome, and in the late Middle Ages there were many small cities which were run democratically. We must deviate here, however, in order to discuss what we mean by democracy. I usually use the term to mean a country in which the functional part of the government is elected by a fairly large group of people. Thus I have no difficulty in referring to Athenian or Roman democracy although in both cases the number of voters was much less than the total population.

Clearly people who make gifts for the missionary activity are attempting to benefit others and, of course, sacrificing to some extent for that purpose. Thus you might say that a Moslem going on pilgrimage to Mecca exerts an externality on Christians in Peoria. It’s not clear whether this externality should be measured by the amount the Christian contributes to his church for missionary activity, or an additional negative externality from the mere knowledge that there are other believers. There are other cases in which activity creates negative externalities upon people who wish to benefit the actor and think that the activity injures him.

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Public Goods, Redistribution and Rent Seeking by Gordon Tullock


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