Family Control and the Rent-Seeking Society
โ Scribed by Randall Morck; Bernard Yeung
- Book ID
- 109179928
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 115 KB
- Volume
- 28
- Category
- Article
- ISSN
- 1042-2587
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
In a recent article, Tullock (1984: 91) makes the point that some political acts are motivated by the public interest -'... the bulk of people voting on any given issue have no particular selfish motive to be concerned with many issues. They will vote in terms of the public interest'. In this view,
Rent-seeking societies suffer from a serious distortion of incentives. Incentives to engage in distributional struggles, to seek contrived transfers are strong, but incentives to engage in productive work are too weak. Stagnation and some unemployment should be expected. Long lasting democracies wit