Rejoinder to Gordon Tullock

نویسندگان

  • Gordon Tullock
  • Allan H. Meltzer
  • Scott F. Richard
  • ALLAN H. MELTZER
  • SCOTT F. RICHARD
چکیده

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The Origin Rent-Seeking Concept

Possibly as a prelude to a mini series of critical review essays, this short paper is intended to revisit and clarify Tullock's contributions to the concept of rent-seeking. Some subsequent contributions are highlighted, so are its implications on social costs and wealth transfers.

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Although almost half of the world’s population lives under nondemocratic regimes, the questions of how policy decisions are made and how power changes hands in nondemocracies have received relatively little attention in the political economy literature. A popular view, forcefully articulated by Gordon Tullock (1987), is that because there are no strong institutions ensuring consensus and regula...

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While teaching my classmates and me graduate microeconomics at Auburn University in 1995, David Laband recounted a story from his first year of doctoral studies in economics at Virginia Polytechnic Institute. As he read for a class taught by Gordon Tullock, Laband came upon what he believed was an error by Milton Friedman. The then-graduate student went to Tullock’s office, where the professor,...

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This paper refracts Gordon Tullock’s The Social Dilemma onto a framework of spontaneous order theorizing, and finds the refraction to work well. The Social Dilemma reveals Gordon Tullock to be a theorist whose conceptualizations are anchored in a societal setting represented better by networks than by fields, and where societal outcomes emerge out of local networked interaction. The theoretical...

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The paper studies the influence of Gordon Tullock (1967) and the rent-seeking literature more generally on the study of corruption. The theoretical corruption literature with its emphasis on principal-agent relationships within government and rent creation by corruption politicians has largely, but not entirely, overlooked that contestable rents encourage unproductive use of real resources in s...

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تاریخ انتشار 2015