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Efficient Rent-Seeking: Chronicle of an Intellectual Quagmire

By Alan Lockard (Editor), G. Tullock (Editor)
Paperback
$169.99
By Alan Lockard (Editor), G. Tullock (Editor)
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Some time ago one of the editors (Gordon Tullock) stumbled on a paradox in the competition for rents. He asked a previous research assistant (William Hunter) to work out some examples and gave a seminar on it. For reasons he cannot recall (but probably bad) he titled his talk ‘Efficient Rent Seeking'. As Editor of Public Choice he was able to publish without a referee. Incidentally, The Journal of Political Economy had turned it down on the grounds that the economy could not be that chaotic...

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BusinessEconomicsEconomic Theory & Schools of ThoughtEconomic Theory - General & Miscellaneous