Download or read book Congress and the Rent seeking Society written by Glenn R. Parker and published by University of Michigan Press. This book was released on 1996 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: A controversial study of Congress and the shifting balance between amateur and career politicians

Download or read book Rent Seeking and Human Capital written by Kurt von Seekamm Jr. and published by Routledge. This book was released on 2020-11-18 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rent Seeking and Human Capital: How the Hunt for Rents Is Changing Our Economic and Political Landscape explores the debates around rent seeking and contextualizes it within the capitalist economy. It is vital that the field of economics does a better job of analyzing and making policy recommendations that reduce the opportunities and rewards for rent seeking, generating returns from the redistribution of wealth rather than wealth creation. This short and provocative book addresses the key questions: Who are the rent seekers? What do they do? Where do they come from? What are the consequences of rent seeking for the broader economy? And, finally: What should policymakers do about them? The chapters examine the existing literature on rent seeking, including looking at the differences between rent seeking and economic rent. The work provides an in-depth look at the case of the impact of rent seeking degrees in the United States, particularly in business and law, and explores potential policy remedies, such as a wealth tax, changes to the rules on financial transactions, and patent law reform. This text provides an important intervention on rent seeking for students and scholars of heterodox economics, political economy, inequality, and anyone interested in the shape of the modern capitalist economy.

Download or read book Antitrust Basics written by Thomas V. Vakerics and published by Law Journal Seminars Press. This book was released on 2017-12-28 with total page 1200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book anticipates virtually every antitrust issue you can expect to face, including: horizontal and vertical restraints; joint ventures; private treble damage actions; price fixing; and more.

Download or read book The Rent seeking Society written by Gordon Tullock and published by Selected Works of Gordon Tullo. This book was released on 2005 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Careers after Congress written by Matthew S. Dabros and published by Bloomsbury Publishing USA. This book was released on 2017-05-18 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Citizens, journalists, and watchdog organizations claim that U.S. Congress members serve special interest groups in return for lucrative jobs in industry once they leave office—and that these legislators become lax in their final term of office as they are no longer compelled by elections to provide quality representation to citizens. This book investigates the veracity of these claims. The established consensus among scholars and citizens groups is that democracy suffers when U.S. Congress members prepare to leave office—that legislators are quick to satisfy pressure groups' requests in part because they anticipate being rewarded with financially compelling positions in those organizations once they leave office. But is this actually true? Focusing on 346 of the senators and representatives who left office during the 107th through 111th Congresses (January 2001 to January 2011), this book makes a counterintuitive argument: that job-seeking legislators provide stalwart service to citizens during their final term of office for fear of damaging their reputations and imperiling their post-Congressional career prospects. After an introductory chapter, author Matthew S. Dabros summarizes past research on political opportunism before discussing how nonelectoral constraints imposed by special interests (namely, diminished post-Congressional employment opportunities) actually encourage job-seeking legislators to provide quality representation to citizens even in their final term in office. The book also describes the nature and identifies the determinants of post-Congressional careers. The chapters use numerous contemporary examples and draw parallels to topics familiar to general readers to ensure that the book is highly accessible and interesting to nonspecialists.

Download or read book Four Crises of American Democracy written by Alasdair Scott Roberts and published by Oxford University Press. This book was released on 2017 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "crisis of representation" occurred in the late nineteenth and early twentieth centuries, and was centered on the question of whether the people really controlled their government. This period was dominated by fears of plutocracy and debates about the rights of African Americans, women and immigrants. The "crisis of mastery" spanned the years 1917-1948, and was preoccupied with building administrative capabilities so that government could improve its control of economic and international affairs. The "crisis of discipline," beginning in the 1970s, was triggered by the perception that voters and special interests were overloading governments with unreasonable demands. In the final part of his analysis, Roberts asks whether the United States is entering a "crisis of anticipation," in which the question is whether democracies can handle long-term problems like global warming effectively.

Download or read book Rent Seekers Profits Wages and Inequality written by Péter Mihályi and published by Springer. This book was released on 2018-12-29 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies. While Rent-Seekers, Profits, Wages and Inequality acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation.

Download or read book Rents Rent Seeking and Economic Development written by Mushtaq Husain Khan and published by Cambridge University Press. This book was released on 2000-09-07 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Self Policing in Politics written by Glenn R. Parker and published by Princeton University Press. This book was released on 2021-02-09 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contrary to what news reports might suggest, the majority of politicians behave ethically and are never subject to investigations. Is this because of the elaborate system of rules Congress has constructed to regulate the conduct of its members as well as the fear of electoral reprisal? Drawing on economic literature on the behavior of firms, Glenn Parker answers no. He argues that members of Congress behave ethnically not because of the fear of punishment but because of their concern for their reputations. He draws parallels between politicians and businesses, since both stand to suffer significantly when accused of wrongdoing. Just as business' poor behavior can cause brand names to be tarnished, prices to plummet, and future business to disappear, dishonest politicians stand to sacrifice the human capital invested in their careers, and premiums for honesty, such as electoral security and prestigious post-elective employment. Parker explores public attitudes toward the behavior of members of Congress and shows how those attitudes shape the way members conduct their professional lives. Written from the perspective of public choice, this book offers a novel approach to the question of how to keep politicians honest.

Download or read book Government Failure written by Gordon Tullock and published by Cato Institute. This book was released on 2002-05-01 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: When market forces fail us, what are we to do? Who will step in to protect the public interest? The government, right? Wrong. The romantic view of bureaucrats coming to the rescue confuses the true relationship between economics and politics. Politicians often cite "market failure" as justification for meddling with the economy, but a group of leading scholars show the shortcomings of this view. In Government Failure, these scholars explain the school of study known as "public choice," which uses the tools of economics to understand and evaluate government activity. Gordon Tullock, one of the founders of public choice, explains how government "cures" often cause more harm than good. Tullock provides an engaging overview of public choice and discusses how interest groups seek favors from government at enormous costs to society. Displaying the steely realism that has marked public choice, Tullock shows the political world as it is, rather than as it should be. Gordon Brady scrutinizes American public policy, looking closely at international trade, efforts at regulating technology, and environmental policy. At every turn Brady points out the ways in which interest groups have manipulated the government to advance their own agendas. Arthur Seldon, a seminal scholar in public choice, provides a comparative perspective from Great Britain. He examines how government interventions in the British economy have led to inefficiency and warns about the political centralization promised by the European Community. Government Failure heralds a new approach to the study of politics and public policy. This book enlightens readers with the basic concepts of public choice in an unusually accessible way to show the folly of excessive faith in the state.

Download or read book The Economics and Politics of the United States Oil Industry 1920 1990 written by Steve Isser and published by Routledge. This book was released on 2016-03-02 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, originally published in 1996, traces the development of US government policy toward the oil industry during the 1920s and 1930s when the domestic syustem of production control was established. It then charts the deveopment and collapse of oil import controls, and the wild scramble for economic rents generated by Government regulation. It discusses the two oil crises and the ‘phantom’ Gulf War crisis, and the importance of public opinion in shaping the policy agenda. It also provides an in-depth study of Congressional oil votes from the 1950s to the 1980s and the formation of oil policy, beginning with theories of economic regulation, the role of interest groups in developing the policy agenda and the role of money in politics.

Download or read book The Political Economy of Rent Seeking written by Charles Rowley and published by Springer Science & Business Media. This book was released on 1988-01-31 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Law and Public Choice written by Daniel A. Farber and published by University of Chicago Press. This book was released on 2010-07-15 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Law and Public Choice, Daniel Farber and Philip Frickey present a remarkably rich and accessible introduction to the driving principles of public choice. In this, the first systematic look at the implications of social choice for legal doctrine, Farber and Frickey carefully review both the empirical and theoretical literature about interest group influence and provide a nonmathematical introduction to formal models of legislative action. Ideal for course use, this volume offers a balanced and perceptive analysis and critique of an approach which, within limits, can illuminate the dynamics of government decision-making. “Law and Public Choice is a most valuable contribution to the burgeoning literature. It should be of great interest to lawyers, political scientists, and all others interested in issues at the intersection of government and law.”—Cass R. Sunstein, University of Chicago Law School

Download or read book The World of Economics written by John Eatwell and published by Springer. This book was released on 1991-05-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Women Partisanship and the Congress written by J. Evans and published by Springer. This book was released on 2005-04-15 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: As women increasingly play a role and gain even greater prominence in congressional politics, they need to navigate the at times conflicting demands of loyalty to party culture, responsiveness to party leadership, political goals, and the need to get re-elected. Based on extensive interviews and historically informed, this book examines differences between Republican and Democratic political cultures, how these differences affect women members of congress as they pursue agendas and seek to bolster their electability, and the effectiveness of women within an institution traditionally dominated by men.

Download or read book The Economics of Special Privilege and Rent Seeking written by G. Tullock and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 101 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Guide to Congress written by CQ Press, and published by CQ Press. This book was released on 2012-08-10 with total page 1865 pages. Available in PDF, EPUB and Kindle. Book excerpt: The new edition of this comprehensive, two-volume reference has been thoroughly revised and expanded by expert CQ Press writers—with years of experience covering Congress—to offer a complete institutional history of Congress along with updated insight and analysis on the 2008 and 2010 shifts in power of the U.S. Senate and House of Representatives. The 35 chapters of Guide to Congress, Seventh Edition, are divided into eight subject areas that cover all aspects of the U.S. Congress: Origins and Development of Congress, from the constitutional beginnings of the legislative branch to the histories of the House and Senate and their power shifts, eras of partisanship and unity, influential leaders, and working relationships with presidents. New coverage includes analysis of the tug-of-war between House Democrats and the George W. Bush administration on Iraq war withdrawal timetables, updates on criminal investigations of House members including William J. Jefferson of Louisiana and Charles Rangel of New York, and analysis of the Tea Party Movement and new Republican majority. Powers of Congress, including powers to tax, spend, and borrow; to conduct foreign policy and investigations; to confirm and impeach; to regulate commerce; to amend the Constitution; and to select the president. Updated material includes analysis of the George W. Bush administration’s use of immunity from questioning by congressional committees, analysis of the signing of the new START treaty with Russia—marking a cornerstone of U.S. relations with the country, coverage of the War on Terror—including the killing of bin Laden in a U.S. raid in Pakistan, and perspective on the negotiations to raise the federal debt ceiling in 2011. Congressional Procedures, detailing the party and leadership structures; rules and the legislative process; the committee system, assignment, and procedures; and congressional staff. Revised coverage profiles the methods, styles, and legislative successes and defeats of House Speakers Pelosi and Boehner and Senate majority leader Reid. The Guide also analyzes the new hpyerpartisanship emerging in Congress and provides updates on congressional travel reforms and aide statistics and trends. Pressures on Congress, including influence from constituents, political parties, the president, the Supreme Court, lobbyists, and the media. New material explores the use of social media to communicate with constituents, examines the role of the new Consumer Financial Protection Bureau, and analyzes the Obama administration’s relationship with Congress. Housing and Support, covering the U.S. Capitol, House and Senate office buildings, the Library of Congress, and organizations such as the Government Accountability Office and the Congressional Research Service. Updates are provided on new initiatives by the Library of Congress and reforms to the General Accounting Office. Pay and Perquisites, including honoraria and allowances, franking and travel privileges, and other benefits. Updates include revised figures for congressional pay and benefits and analysis of efforts to control privately sponsored foreign travel. Congress and the Electorate, covering the right to vote, the demographic composition of congress, the role of parties in elections, campaign financing, and redistricting. New information discusses elections statistics in recent elections, the impact of third parties, Tea Party gains, and the creation of "super PACs" and 527 groups. Qualifications and conduct, detailing congressional ethics investigations and procedures for disciplining members. Updated coverage reviews ethics investigations, including the creation of the Office of Congressional Ethics. Specific investigations and outcomes are discussed, including the censure of Charles Rangel and disapproval of Joe Wilson’s outburst during a speech by President Obama. Volume 2 concludes with a selected bibliography and key reference materials: a list of all members of congress who have served since 1789; congressional election results; floor leaders and committee chairs; dates for sessions of congress; women, black, Asian, and Hispanic members; and many more. Boxed features, tables, and figures and a generous number of photos enhance the topical coverage of this definitive resource on Congress.