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Author : Alfred Allan Schmid
Publisher : A. Allan Schmid
ISBN 13 : 9780275927974
Total Pages : 358 pages
Book Rating : 4.9/5 (279 download)
Download or read book Property, Power, and Public Choice written by Alfred Allan Schmid and published by A. Allan Schmid. This book was released on 1987 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Alfred Allan Schmid
Publisher :
ISBN 13 :
Total Pages : 520 pages
Book Rating : 4.:/5 (248 download)
Download or read book The Economics of Property, Power and Public Choice written by Alfred Allan Schmid and published by . This book was released on 1974 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jac. C. Heckelman
Publisher : Springer Science & Business Media
ISBN 13 : 1461545730
Total Pages : 263 pages
Book Rating : 4.4/5 (615 download)
Download or read book Public Choice Interpretations of American Economic History written by Jac. C. Heckelman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jac C. Heckelman, John C. Moorhouse and Robert Whaples The eight chapters of this volume are revised versions of papers originally presented at the "Applications of Public Choice Theory to Economic History" conference held at Wake Forest University, April 9-10, 1999. They all apply the tools of public choice theory to the types of questions which economic historians have traditionally addressed. By adding the insights of public choice economics to the traditional tools used to understand economic actors and institutions, the authors are able to provide fresh insights about many important issues of American history. 1. DEVELOPMENTS IN PUBLIC CHOICE THEORY Economists have historically sought to develop policies to improve social welfare by correcting perceived market failures due to monopoly power, externalities, and other departures from the textbook case of the purely competitive model. An underlying assumption is that the public sector, upon recognizing the market failure, will act to correct it. Applied work often develops the conditions under which these policies will be optimal. The public choice movement has questioned the false dichotomy established by welfare economists. Economists of all persuasions assume traditional private market actors, such as entrepreneurs, managers, and consumers, are self-interested rational maximizers. Why should this not hold for all economic agents? The innovation of public choice analysis is to show what happens when public sector actors, such as politicians, bureaucrats, and voters, also behave as rational self-interested maximizers.
Author : Gordon Tullock
Publisher : Cato Institute
ISBN 13 : 1935308009
Total Pages : 211 pages
Book Rating : 4.9/5 (353 download)
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.
Author : Paddy McNutt
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 (321 download)
Download or read book The Economics of Public Choice written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2002 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fully revised second edition of a popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. Chapter 2 looks at the economic nature of contracts and reviews the contractual form by interpreting the Edgeworth-Bowley box from an economics of contracting perspective. Chapter 7 is updated and elaborates on the application of rent-seeking to antitrust and competition analysis. A new chapter 8 addresses the issue of legal barriers to entry and related issues, in particular how a legal barrier can affect consumer welfare. The discussion on the anarchy of legitimacy has been reviewed while a new chapter 11 critically evaluates the exchange and allocation of economic power and income inequality in developing countries. Finally, in a new chapter 12 the author presents an overview of the global political economy and identifies the contribution of public choice to the debate.
Author : Colin Harris
Publisher : Cambridge University Press
ISBN 13 : 1108981437
Total Pages : 188 pages
Book Rating : 4.1/5 (89 download)
Download or read book The Origins and Consequences of Property Rights written by Colin Harris and published by Cambridge University Press. This book was released on 2020-12-24 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property rights are the rules governing ownership in society. This Element offers an analytical framework to understand the origins and consequences of property rights. It conceptualizes of the political economy of property rights as a concern with the follow questions: What explains the origins of economic and legal property rights? What are the consequences of different property rights institutions for wealth creation, conservation, and political order? Why do property institutions change? Why do legal reforms relating to property rights such as land redistribution and legal titling improve livelihoods in some contexts but not others? In analyzing property rights, the authors emphasize the complementarity of insights from a diversity of disciplinary perspectives, including Austrian economics, public choice, and institutional economics, including the Bloomington School of institutional analysis and political economy.
Author : Yoram Barzel
Publisher : Cambridge University Press
ISBN 13 : 9780521597135
Total Pages : 180 pages
Book Rating : 4.5/5 (971 download)
Download or read book Economic Analysis of Property Rights written by Yoram Barzel and published by Cambridge University Press. This book was released on 1997-04-13 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a study of the way individuals organise the use of resources in order to maximise the value of their economic rights over these resources.
Author : Edward Stringham
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.F/5 ( download)
Download or read book Anarchy, State and Public Choice written by Edward Stringham and published by Edward Elgar Publishing. This book was released on 2005 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does civil society depend on the state? Is cooperation behavior possible under anarchy? In the early 1970s, members of the Center for the Study of Public Choice became the first group of economists to engage in a study of these questions. This volume contains essays from this study as well as new responses from 21st century economists.
Author : Giancarlo Panagia
Publisher : Routledge
ISBN 13 : 1317632141
Total Pages : 191 pages
Book Rating : 4.3/5 (176 download)
Download or read book Public Policy and Land Exchange written by Giancarlo Panagia and published by Routledge. This book was released on 2015-05-01 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original contribution to the field is the first to bring economic sociology theory to the study of federal land exchanges. By blending public choice theory with engaging case studies that contextualize the tactics used by land developers, this book uses economic sociology to help challenge the under-valuation of federal lands in political decisions. The empirically-based, scholarly analysis of federal-private land swaps exposes serious institutional dysfunctions, which sometimes amount to outright corruption. By evaluating investigative reports of each federal agency case study, the book illustrates the institutional nature of the actors in land swaps and, in particular, the history of U.S. agencies’ promotion of private interests in land exchanges. Using public choice theory to make sense of the privatization of public lands, the book looks in close detail at the federal policies of the Bureau of Land Management and the U.S. Forest Service land swaps in America. These pertinent case studies illustrate the trends to transfer federal lands notwithstanding their flawed value appraisals or interpretation of public interest; thus, violating both the principles of equality in value and observance of specific public policy. The book should be of interest to students and scholars of public land and natural resource management, as well as political science, public policy and land law.
Author : Nicholas Mercuro
Publisher : Springer Science & Business Media
ISBN 13 : 9401129584
Total Pages : 240 pages
Book Rating : 4.4/5 (11 download)
Download or read book Taking Property and Just Compensation written by Nicholas Mercuro and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: While much has been gained from the traditional legal scholars' doctrinal mode of analysis of the takings issue, this volume is presented in the belief that contributions from scholars from the various schools of thought that comprise Law and Economics can complement the traditional doctrinal approach to law. As the discipline of Law and Economics continues to advance, it remains heterodox; there are several vantage points from which to describe and analyze the interrealtionships between law and economics. It is hoped that the analyses from the several vantage points provided here will complement the prodigous body of existing doctrinal, legal analysis of the takings issue and deepen the understanding of the jurisprudential questions and economic issues surrounding the takings issue. To this end, each contributor to this volume was selected as `representative' of one of the schools of thought comprising Law and Economics. In addition, each contributor was provided with a collection of recent United States Supreme Court cases (those summarized in Chapter 1 of this book) along with President Regan's Executive Order: The sole charge to each contributor was to conduct a legal-economic analysis of the cases and the President's Executive Order from the vantage point of their respective school of thought.
Author : Eamonn Butler
Publisher :
ISBN 13 : 9780255366502
Total Pages : 0 pages
Book Rating : 4.3/5 (665 download)
Download or read book Public Choice written by Eamonn Butler and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Market failure' is a term widely used by politicians, journalists and university and A-level economics students and teachers. However, those who use the term often lack any sense of proportion about the ability of government to correct market failures. This arises partly from the lack of general knowledge -- and lack of coverage in economics syllabuses -- of Public Choice economics. Public Choice economics applies realistic insights about human behaviour to the process of government, and it is extremely helpful for all those who have an interest in -- or work in -- public policy to understand this discipline. If we assume that at least some of those involved in the political process -- whether elected representatives, bureaucrats, regulators, public sector workers or electors -- will act in their own self-interest rather than in the general public interest, it should give us much less confidence that government can 'correct' market failure. This complex area of economics has been summarised in a very clear primer by Eamonn Butler. The author helps the reader to understand the limits of the government's ability to correct market failure and also explains the implications of public choice economics for the design of systems of government -- a topic that is highly relevant in contemporary political debate. This text is an important contribution for all who seek to understand better the role that government should play in economic life.
Author : Thomas J. Miceli
Publisher : Cambridge University Press
ISBN 13 : 1139501305
Total Pages : 215 pages
Book Rating : 4.1/5 (395 download)
Download or read book The Economic Theory of Eminent Domain written by Thomas J. Miceli and published by Cambridge University Press. This book was released on 2011-06-20 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surveys the contributions that economic theory has made to the often contentious debate over the government's use of its power of eminent domain, as prescribed by the Fifth Amendment. It addresses such questions as: when should the government be allowed to take private property without the owner's consent? Does it depend on how the land will be used? Also, what amount of compensation is the landowner entitled to receive (if any)? The recent case of Kelo v. New London (2005) revitalized the debate, but it was only the latest skirmish in the ongoing struggle between advocates of strong governmental powers to acquire private property in the public interest and private property rights advocates. Written for a general audience, the book advances a coherent theory that views eminent domain within the context of the government's proper role in an economic system whose primary objective is to achieve efficient land use.
Author : William A. Fischel
Publisher : JHU Press
ISBN 13 : 9780801835629
Total Pages : 396 pages
Book Rating : 4.8/5 (356 download)
Download or read book The Economics of Zoning Laws written by William A. Fischel and published by JHU Press. This book was released on 1987-08 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Land use controls can affect the quality of the environment, the provision of public services, the distribution of income and wealth, the development of natural resources, and the growth of the national economy. The Economics of Zoning Laws is the first book to apply the modern economic theory of property rights to all major aspects of zoning. Zoning laws are neither irrational constrints on otherwise efficient markets nor disinterested attempts to correct market failure. Rather, zoning must be viewed as a collective property right, vested in local governments and administered by politicians who rationally repsond to their constituents and to developers as markets for development rights arise. The Economics of Zoning Laws develops the economic theories of property rights and public choice and applies them to three zoning controversies: the siting of a large industrial plant, the exclusionary zoning of the suburbs, and the constitutional protection of propery owners from excessive regulation. Economic and legal theory, William Fischel contends, suggest that payment of damages under the taking clause of the Constitution may provide the most effective remedy for excessive zoning regulations.
Author : Roger D. Congleton
Publisher :
ISBN 13 : 0190469773
Total Pages : 1017 pages
Book Rating : 4.1/5 (94 download)
Download or read book The Oxford Handbook of Public Choice written by Roger D. Congleton and published by . This book was released on 2019 with total page 1017 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Public Choice provides a comprehensive overview of the research in economics, political science, law, and sociology that has generated considerable insight into the politics of democratic and authoritarian systems as well as the influence of different institutional frameworks on incentives and outcomes. The result is an improved understanding of public policy, public finance, industrial organization, and macroeconomics as the combination of political and economic analysis shed light on how various interests compete both within a given rules of the games and, at times, to change the rules. These volumes include analytical surveys, syntheses, and general overviews of the many subfields of public choice focusing on interesting, important, and at times contentious issues. Throughout the focus is on enhancing understanding how political and economic systems act and interact, and how they might be improved. Both volumes combine methodological analysis with substantive overviews of key topics. This second volume examines constitutional political economy and also various applications, including public policy, international relations, and the study of history, as well as methodological and measurement issues. Throughout both volumes important analytical concepts and tools are discussed, including their application to substantive topics. Readers will gain increased understanding of rational choice and its implications for collective action; various explanations of voting, including economic and expressive; the role of taxation and finance in government dynamics; how trust and persuasion influence political outcomes; and how revolution, coups, and authoritarianism can be explained by the same set of analytical tools as enhance understanding of the various forms of democracy.
Author : Anthony Downs
Publisher :
ISBN 13 :
Total Pages : 200 pages
Book Rating : 4.3/5 (91 download)
Download or read book Political Theory and Public Choice written by Anthony Downs and published by . This book was released on 1998 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains a selection of Anthony Downs' essays, written since the 1950s, on politics and political theory. The articles address such issues as democracy, public choice theory, rational political decision-making and political policy.
Author : Josh Ryan-Collins
Publisher : Zed Books Ltd.
ISBN 13 : 1786991217
Total Pages : 306 pages
Book Rating : 4.7/5 (869 download)
Download or read book Rethinking the Economics of Land and Housing written by Josh Ryan-Collins and published by Zed Books Ltd.. This book was released on 2017-02-28 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
Author : José Casas Pardo
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 392 pages
Book Rating : 4.3/5 (91 download)
Download or read book Public Choice and the Challenges of Democracy written by José Casas Pardo and published by Edward Elgar Publishing. This book was released on 2007 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world's most prestigious scholars of public choice and political science, this comprehensive collection presents a complete overview of the threats democracy must confront, by both contesting accepted ideas and offering new approaches. Using theoretical and empirical evidence, this book will be a significant addition to the current literature, providing original and enlightening perspectives on the theory of democracy.
