Gordon Tullock - Böcker

In Government: Whose Obedient Servant?, three economists provide an account of the theory of public choice and its applications without the technical jargon which makes it difficult for newcomers to appreciate the importance of this branch of economics. The authors are three leading exponents. Professor Gordon Tullock is one of the founding fathers of public choice theory and has been responsible for many of the most imaginative ideas and the most significant advances in the subject. Dr Arthur Seldon, for many years the editorial director of the IEA, was one of the first to recognise the importance of public choice and has been a principal contributor to the development of the subject in Britain. Dr Gordon Brady has written extensively about ways in which public choice theory can be applied to some to the most pressing issues of our time. Sir Antony Jay, joint author of Yes, Minister and Yes, Prime Minister contributes a Foreword in which he explains how his experiences led him, by a different route, to the same conclusions as those of this 'admirable book'.

In this classic introductory public choice text, Gordon Tullock analyses the motives and activities of politicians, civil servants and voters. Government 'servants' can most likely be assumed to be pursuing their own interests, just like those in the private sector, although, given the coercive power of the state, the effects can be far from benign. The incentive structures present within public institutions mean that government action may well fail to improve economic welfare and frequently has results different from those intended. The application of the 'economic theory of politics' effectively undermines the market failure approach to government policy-making, which relies on the assumption that benevolent and far-sighted governments are capable of clearing up the failings of private markets. This new edition includes a reflection by Gordon Tullock and commentaries by Peter Kurrild-Klitgaard, Charles K. Rowley, Stefan Voigt and Michael C. Munger. These contributions consider the impact of the original publication of "The Vote Motive" in 1976.Thirty-years later, with public-sector bureaucracies retaining substantial control over large swathes of the economy, it is clear that policy-makers still have much to learn from Tullocks seminal work.

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 externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise.Economists and political scientists will find this lively and readable book both stimulating and provocative.

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 externalities, many standard government activities such as road building, war, and internal policing. Most modern governments spend more money on redistribution than on more traditional government activities. This can be thought of as another effort to reduce externalities, since suffering in the community imposes externalities on the rest of us. Rent seeking, a relatively new field in economics and political science, is closely related to externalities and to the structure of government. An analysis of rent seeking, as well as some suggestions for improving government structure, cap off this fascinating treatise.Economists and political scientists will find this lively and readable book both stimulating and provocative.

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.

In this important new book, Gordon Tullock, a founding father of the public choice school, provides a formal analysis of the foundations of decision making. Voting procedures are crucial to Western democratic governments but are also employed in dictatorial governments, private clubs, corporations and religious organizations. This comprehensive book examines the many techniques of voting and the different outcomes in different situations. Gordon Tullock's analysis begins by using a simple model in which individuals vote in terms of their own preferences. It is assumed that the voters are well informed, their preferences are reasonably firm and there are no trades or bargains made among voters. These assumptions are then relaxed in order to make the analysis more realistic. Special attention is given to Arrow's work and the idea that people do not always vote according to simple preferences. The author discusses the phenomenon of 'throwing a vote away' or the possibility of an individual voting against their preference if offered something in return. After considering strategic voting, situations where voters engage in trades between one another and the lack of perfect information, Gordon Tullock examines a voter's options and the idea that individuals may rank options in degrees of their preferred outcomes. He also explores the possibility of preferences changing over time, why some issues are put up to vote and others are not, and situations where individuals voting with the same preferences, but in different voting systems, result in different outcomes.On Voting expands present thinking in the Public Choice school and provides a forum for creating new paradigms in the school as well as changing the focus and scope of current studies. It encourages new research by suggesting areas where more work should be done. The book will be of special interest to political scientists as well as those interested in public policy and political economy.

The New World of Economics, 6th edition, by Richard McKenzie and Gordon Tullock, represents a revival of a classic text that, when it was first published, changed substantially the way economics would be taught at the introductory and advanced levels of economics for all time.  In a very real sense, many contemporary general-audience economics books that seek to apply the “economic way of thinking” to an unbounded array of social issues have grown out of the disciplinary tradition established by earlier editions of The New World of Economics.  This new edition of The New World will expose new generations of economics students to how McKenzie and Tullock have applied in a lucid manner a relatively small number of economic concepts and principles to a cluster of topics that have been in the book from its first release and to a larger number of topics that are new to this edition, with the focus of the new topics on showing students how economic thinking can be applied to business decision making.  This edition continues the book’s tradition of taking contrarian stances on important economic issues.  Economics professors have long reported that The New World is a rare book in that students will read it without being required to do so.

American foreign policy is a dynamic and often controversial field, and is currently a topic of deep interest given recent developments in the Middle East, North Korea and China. In order to understand where US foreign policy is headed, it is important to first examine where it came from. This book provides an analysis of the political, economic and military history of American foreign policy, with the aim of divulging important details that most people have either never learned or forgotten — hence the phrase “open secrets”. Covering events such as the attack on Pearl Harbor and the American Revolution, as well as American involvement in the Korean War and the collapse of Nationalist China, this fascinating book debunks a number of myths held by most people regarding US foreign policy, revealing some surprising conclusions.