tailieunhanh - Public Goods Redistribution and Rent Seeking....

Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Monarchical governments originally introduced, for the benefit of the monarch rather than to eliminate. | Public Goods Redistribution and Rent Seeking Gordon Tulloch THE LOCKE INSTITUTE Public Goods Redistribution and Rent Seeking The Locke Institute General Director Charles K. Rowley . Director of Legal Studies Amanda J. Owens Esq. . Editorial Director Arthur Seldon . Financial Director Robert S. Elgin . Program Director James T. Bennett . Conference Director Marjorie I. Rowley Founded in 1989 The Locke Institute is an independent non-partisan educational and research organization. The Institute is named for John Locke 1632-1704 philosopher and political theorist who based his theory of society on natural law which required that the ultimate source of political sovereignty was with the individual. Individuals are possessed of inalienable rights variously defined by Locke as life health liberty and possession or more directly life liberty and property . It is the function of the state to uphold these rights since individuals would not enter into a political society unless they believed that it would protect their lives liberties and properties. The Locke Institute seeks to engender a greater understanding of the concept of natural rights its implications for constitutional democracry and for economic organization in modern society. The Institute encourages high-quality research utilizing in particular modern theories of property rights public choice law and economics and the new institutional economics as a basis for a more profound understanding of important and controversial issues in political economy. To this end it commissions books monographs and shorter studies involving substantive scholarship written for a wide audience organizes major conferences on fundamental topics in political economy and supports independent research. The Institute maintains a publishing relationship with Edward Elgar Publishing. It also publishes its own monograph series. In order to maintain independence The Locke Institute accepts no government funding. Funding for