"This book takes a major step toward giving us a real understanding of why we observe restrictive protectionism despite the free-trade arguments advanced by economists for more than two centuries." James M. Buchanan

• Preface; Acknowledgments; list of results; 1. A preview of the results; 2. Endogenous policy theory: a diagrammatic approach; Part I. Endogenous Policy Theory with Specific Factors: The Theory of Industry Tariffs in Partial Equilibrium: 3. The probabilistic voting model of political efficiency and powerless politicians; 4. Endogenous lobbying theory and the contribution specialization theorem; 5. Endogenous tariff theory; 6. The power function model of endogenous industry lobbying; 7. Three simple tests of the Stolper-Samuelson theorem; 8. The invisible foot and the waste of nations: lawyers as negative externalities; Part II. Endogenous Policy Theory in General Equilibrium: A Long-Run Theory of National Tariff Levels: 9. The 2 x 2 x 2 x 2 model of endogenous redistribution theory; 10. A prisoner's dilemma theory of endogenous protection: the Leontief model; 11. The compensation effect and the multiple equilibrium trap; 12. increasing returns to politics and factor endowments: economic development and Brazilian vitality versus the Indian disease; 13. Endogenous protection in the United States, 1900–88; 14. A Cobb–Douglas model; 15. Black hole tariffs; 16. The endowment effect: cross-national evidence on endogenous tariffs; Part II. Postscript: 17. The senile-industry argument for protection; 18. Optimal obfuscation and the theory of the second worst: the politically efficient policy; Mathematical appendices; References; Author index; Subject index.

"This book takes a major step toward giving us a real understanding of why we observe restrictive protectionism despite the free-trade arguments advanced by economists for more than two centuries." James M. Buchanan

• Preface; Acknowledgments; list of results; 1. A preview of the results; 2. Endogenous policy theory: a diagrammatic approach; Part I. Endogenous Policy Theory with Specific Factors: The Theory of Industry Tariffs in Partial Equilibrium: 3. The probabilistic voting model of political efficiency and powerless politicians; 4. Endogenous lobbying theory and the contribution specialization theorem; 5. Endogenous tariff theory; 6. The power function model of endogenous industry lobbying; 7. Three simple tests of the Stolper-Samuelson theorem; 8. The invisible foot and the waste of nations: lawyers as negative externalities; Part II. Endogenous Policy Theory in General Equilibrium: A Long-Run Theory of National Tariff Levels: 9. The 2 x 2 x 2 x 2 model of endogenous redistribution theory; 10. A prisoner's dilemma theory of endogenous protection: the Leontief model; 11. The compensation effect and the multiple equilibrium trap; 12. increasing returns to politics and factor endowments: economic development and Brazilian vitality versus the Indian disease; 13. Endogenous protection in the United States, 1900–88; 14. A Cobb–Douglas model; 15. Black hole tariffs; 16. The endowment effect: cross-national evidence on endogenous tariffs; Part II. Postscript: 17. The senile-industry argument for protection; 18. Optimal obfuscation and the theory of the second worst: the politically efficient policy; Mathematical appendices; References; Author index; Subject index.

"This book takes a major step toward giving us a real understanding of why we observe restrictive protectionism despite the free-trade arguments advanced by economists for more than two centuries." James M. Buchanan

• Preface; Acknowledgments; list of results; 1. A preview of the results; 2. Endogenous policy theory: a diagrammatic approach; Part I. Endogenous Policy Theory with Specific Factors: The Theory of Industry Tariffs in Partial Equilibrium: 3. The probabilistic voting model of political efficiency and powerless politicians; 4. Endogenous lobbying theory and the contribution specialization theorem; 5. Endogenous tariff theory; 6. The power function model of endogenous industry lobbying; 7. Three simple tests of the Stolper-Samuelson theorem; 8. The invisible foot and the waste of nations: lawyers as negative externalities; Part II. Endogenous Policy Theory in General Equilibrium: A Long-Run Theory of National Tariff Levels: 9. The 2 x 2 x 2 x 2 model of endogenous redistribution theory; 10. A prisoner's dilemma theory of endogenous protection: the Leontief model; 11. The compensation effect and the multiple equilibrium trap; 12. increasing returns to politics and factor endowments: economic development and Brazilian vitality versus the Indian disease; 13. Endogenous protection in the United States, 1900–88; 14. A Cobb–Douglas model; 15. Black hole tariffs; 16. The endowment effect: cross-national evidence on endogenous tariffs; Part II. Postscript: 17. The senile-industry argument for protection; 18. Optimal obfuscation and the theory of the second worst: the politically efficient policy; Mathematical appendices; References; Author index; Subject index.