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Money for nothing : politicians, rent extraction, and political extortion

Author: Fred S McChesney
Publisher: Cambridge, Massachusetts : Harvard University Press, 1997. ©1997
Edition/Format:   Print book : EnglishView all editions and formats
Summary:

The increased power of lobbyists in Washington and the excesses of campaign contributions suggest a government corrupted. But as McChesney shows, payments to politicians are often made not for  Read more...

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Document Type: Book
All Authors / Contributors: Fred S McChesney
ISBN: 0674583302 9780674583306
OCLC Number: 35849105
Description: xi, 216 pages : illustrations ; 25 cm
Contents: 1. Background: The Economic Theory of Regulation --
2. Rent Extraction: The Theory of Political Extortion --
3. Observing Extortion: The Practice of Rent Extraction --
4. Validating the Model: Empirical Tests of Rent Extraction --
5. Contracting for Rent Preservation: The Durability Problem --
6. Extraction and Optimal Taxation: Excises, Earmarked Taxes, and Government User Charges --
7. Costs and Benefits of Interest-Group Organization --
8. Improving the Model: Worthy yet Unanswered Questions.
Responsibility: Fred S. McChesney.

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McChesney has kept his study concise and easygoing despite including technical economic analysis. He has a fine sense of humor, reflected in the witty epigrams at the start of each chapter and the Read more...

 
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