The Rent-Seeking Society

The Rent Seeking Society 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 Rent Seeking An Overview brings together two papers t

  • Title: The Rent-Seeking Society
  • Author: Gordon Tullock
  • ISBN: 9780865975354
  • Page: 235
  • Format: Paperback
  • The Rent-Seeking Society

    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 ReThe 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.Charles K Rowley is 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 is also General Director of the Locke Institute.The entire series includes Volume 1 Virginia Political Economy Volume 2 The Calculus of Consent Volume 3 The Organization of Inquiry November 2004 Volume 4 The Economics of Politics February 2005 Volume 5 The Rent Seeking Society March 2005 Volume 6 Bureaucracy June 2005 Volume 7 The Economics and Politics of Wealth Redistribution July 2005 Volume 8 The Social Dilemma Of Autocracy, Revolution, Coup d Etat, and War December 2005 Volume 9 Law and Economics December 2005 Volume 10 Economics without Frontiers January 2006

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      Published :2018-08-16T19:06:17+00:00

    One thought on “The Rent-Seeking Society

    1. Daniel Dorje

      Good intro to Public Choice Economics American Style. Defines Rent Seeking well, and helps to untangle the way that Economic Rent as profit from effort is distinct from rent created through the exclusion of others. Probably best read against Schumpeter's account of how Monopolies form as Economies mature. Also should be read against Henry George, Poverty and Progress, about the role of Land in monopoly formation. Both David Harvey and Jo Stiglitz have returned to these kinds of themes of late, s [...]

    2. Eugene Kernes

      Rent-seeking is the idea that a few special interested parties, whether groups or individuals, obtain privileges which allow them to extract a rent. The rent is the income derived due to the special privilege, it is not income via wealth producing methods. The more a society has rent-seeking, the more produce is taken away from other sources, hindering the society’s allocation of resources. Rent-seeking, in Tullock’s view, is a result of a policy that has more costs to society than benefits. [...]

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