Transfer Society: Economic Expenditures on Transfer Activity

Overview

"How much time, money, and other resources do Americans devote to influencing the distribution of wealth? According to David Laband and George McClintock, a conservative estimate of the total amount Americans spend on arranging or preventing forced transfers is more than $2,000 for every man, woman, and child in America." "That's not a statement of the amount forcibly redistributed, but of the amount spent in effecting the forcible transfer of resources. And, as the authors show, this is a very conservative estimate of the deadweight losses
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Overview

"How much time, money, and other resources do Americans devote to influencing the distribution of wealth? According to David Laband and George McClintock, a conservative estimate of the total amount Americans spend on arranging or preventing forced transfers is more than $2,000 for every man, woman, and child in America." "That's not a statement of the amount forcibly redistributed, but of the amount spent in effecting the forcible transfer of resources. And, as the authors show, this is a very conservative estimate of the deadweight losses associated with the transfer society." "Through an ambitious cataloguing of different categories of expenditures on forced transfers and research into the amounts expended on each one, Laband and McClintock present a more complete picture of the effects of forced transfers than one would get from merely considering the aggregates of federal and state budgets or estimates of the amounts of wealth that change hands through the various forms of "freelance" redistribution, such as insurance fraud, theft, or extortion." This book both poses problems and offers solutions to important issues in economics and political science.
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Product Details

  • ISBN-13: 9781930865105
  • Publisher: Cato Institute
  • Publication date: 10/15/2001
  • Pages: 100
  • Product dimensions: 6.18 (w) x 9.30 (h) x 0.58 (d)

Table of Contents

1 Introduction 1
2 Overview of the Problem 5
3 Resource Expenditures to Effect/Prevent Direct Transfers 21
4 Resource Expenditures to Effect/Prevent Indirect Transfers 41
5 Why So Little Observed Rent-Seeking? 53
6 Concluding Comments 73
References 79
Index 81
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