000 02221cam a22002655 4500
003 GSU
005 20240801130050.0
007
008 120315s2005 xx |||||o|||||000 ||eng|d
020 _z9781843766377 (paperback)
040 _beng
_cGSU
_erda
050 _aHB846.5
_bTUL
100 1 _aTullock, Gordon
_eauthor
245 1 0 _aPublic goods, redistribution and rent seeking /
_cGordon Tullock
260 _aCheltenham, United Kingdom :
_bEdward Elgar Publishing,
_c2005
264 1 _c©2005
300 _avii, 153 pages :
_c22 cm.
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
504 _aIncludes bibliographic references and index.
520 _aGordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Monarchical governments originally introduced, for the benefit of the monarch rather than to eliminate externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise.Economists and political scientists will find this lively and readable book both stimulating and provocative.
650 _2Social sciences
942 _2lcc
_cBK
_hHB846.5
_iTUL
_kHB
_mTUL
_n0
999 _c2246
_d2246