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This is a succinct but comprehensive account of the research programme in rent-seeking launched in 1967 by Gordon Tullock's argument that the availability of monopoly rents through government encourages self-seeking individuals to waste economic resources in competitive bidding for those rents. Rent Seeking reviews each of the contributions for which Professor Tullock is famous, including the basic insight, the cost of transfers, competition for aid, the political market in rent-seeking, efficient rent-seeking, the transitional gains trap, and the cost of rent-seeking, and shows how each of these insights has triggered a burgeoning research literature. He skilfully draws out the dangerous implications of rent-seeking behaviour for private property rights. In characteristic fashion, he returns to his path-breaking work on the economic theory of constitutions in search of novel ways to secure the right to life, liberty and property through a reinforced constitutional republic. Both for the specialist scholar and for the new initiate, this is a great and instructive essay.

This is a succinct but comprehensive account of the research programme in rent-seeking launched in 1967 by Gordon Tullock's argument that the availability of monopoly rents through government encourages self-seeking individuals to waste economic resources in competitive bidding for those rents. Rent Seeking reviews each of the contributions for which Professor Tullock is famous, including the basic insight, the cost of transfers, competition for aid, the political market in rent-seeking, efficient rent-seeking, the transitional gains trap, and the cost of rent-seeking, and shows how each of these insights has triggered a burgeoning research literature. He skilfully draws out the dangerous implications of rent-seeking behaviour for private property rights. In characteristic fashion, he returns to his path-breaking work on the economic theory of constitutions in search of novel ways to secure the right to life, liberty and property through a reinforced constitutional republic. Both for the specialist scholar and for the new initiate, this is a great and instructive essay.

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 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)

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 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)

Rent-seeking is about buying influence, which can range from lobbying to corruption. The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended if it is to explain the anomalous role played by rent-seeking in Asian countries.

Rent-seeking is about buying influence, which can range from lobbying to corruption. The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended if it is to explain the anomalous role played by rent-seeking in Asian countries.

Rent-seeking is about buying influence, which can range from lobbying to corruption. The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended if it is to explain the anomalous role played by rent-seeking in Asian countries.

Book is in Used-VeryGood condition. Pages and cover are clean and intact. Used items may not include supplementary materials such as CDs or access codes. May show signs of minor shelf wear and contain very limited notes and highlighting. 0.55

This 1997 book is an insightful and accessible analysis of contemporary Malaysian business and politics. Using the concepts of rent and rent-seeking as tools to study the Malaysian political economy, the authors explore how political patronage influences the accumulation and concentration of wealth. The book considers the impact of party politics and economic development on the relationship between politics and business in Malaysia, and provides discussions of government-led change in Malaysia's business community, including the emergence of a Malay business class. In this revised edition, the authors examine how the 1997 Asian currency, liquidity and financial crises have impacted on Malaysia's economy. Their discussion canvasses various economic policy responses, including capital control measures, as well the ensuing economic recession and political turmoil.

In this highly readable analysis, the authors use positive-economics principles to show how the supply and demand of monopoly rights from the state (rent seeking) provided first the impetus for European mercantilism and later the reasons for its demise in England and entrenchment in France. The balance-of-trade objective, treated by most historians as a primary motive for mercantilism, is shown instead to be the by-product of self-interested parties' seeking of rents. In addition to questions of the causes and results of economic regulation, this thoughtful book raises issues in the methodology of economic history and history of thought generally. Public-choice theorists, political economists, and economic policy makers will likewise find it instructive and stimulating.

The role of the democratic state in the redistribution of wealth is the topic of this readable and lively examination of an often controversial issue. Using public choice and rent-seeking analysis as a basis, Tullock discusses the role of the democratic state in the redistribution of wealth. He adds a refreshing dose of realism to a field of economics that is often dominated by idealistic visions. 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)

There's a grassroots movement in tiny homes these days. The real estate collapse, the economic downturn, burning out on 12-hour workdays -- many people are rethinking their ideas about shelter -- seeking an alternative to high rents, or a lifelong mortgage debt to a bank on an overpriced home.In this book are some 150 builders who have taken things into their own hands, creating tiny homes (under 500 sq. ft.). Homes on land, homes on wheels, homes on the road, homes on water, even homes in the trees. There are also studios, saunas, garden sheds, and greenhouses.There are 1,300 photos, showing a rich variety of small homemade shelters, and there are stories (and thoughts and inspirations) of the owner-builders who are on the forefront of this new trend in downsizing and self-sufficiency.At the heart of our 1973 book Shelter were drawings of 5 small buildings, which we recommended as a starting point in providing one's own home. Now, almost 40 years later, there's a growing tiny house movement all over the world -- which we've been tracking over the past two years.Many people have decided to scale back, to get by with less stuff, to live in smaller homes. You can buy a   ready-made tiny home, build your own, get a kit or pre-fab, or live in a bus, houseboat, or other movable shelter. Some cities have special ordinances for building "inlaw" or "granny flats" in the back yard. There are innovative solutions in cities, such as the "capsules" in Tokyo. There are numerous blogs and websites with news, photos, and/or plans for tiny homes, documented here.If you're thinking of scaling back, you'll find plenty of inspiration here. Here's a different approach, a 180º turn from increasing consumption. Here are builders, designers, architects (no less), dreamers, artists, road gypsies, and water dwellers who've achieved a measure of freedom and independence by taking shelter into their own hands.

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance -- from personal loans to investment banking, and from market structure to corporate governance -- Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of "Islamization" of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.

In this highly readable analysis, the authors use positive-economics principles to show how the supply and demand of monopoly rights from the state (rent seeking) provided first the impetus for European mercantilism and later the reasons for its demise in England and entrenchment in France. The balance-of-trade objective, treated by most historians as a primary motive for mercantilism, is shown instead to be the by-product of self-interested parties' seeking of rents. In addition to questions of the causes and results of economic regulation, this thoughtful book raises issues in the methodology of economic history and history of thought generally. Public-choice theorists, political economists, and economic policy makers will likewise find it instructive and stimulating.

This book represents a considerable revision and expansion of Public Choice II (1989). As in the previous editions, all of the major topics of public choice are covered. These include: why the state exists, voting rules, federalism, the theory of clubs, two-party and multiparty electoral systems, rent seeking, bureaucracy, interest groups, dictatorship, the size of government, voter participation, and political business cycles. Normative issues in public choice are also examined. The book is suitable for upper level courses in economics dealing with politics, and political science courses emphasizing rational actor models.

This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance -- from personal loans to investment banking, and from market structure to corporate governance -- Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of "Islamization" of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.