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Public Goods, Redistribution and Rent Seeking

Public Goods, Redistribution and Rent Seeking by G. Tullock
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Economists frequently justify government as dealing with externalities, which it certainly does. Gordon Tullock looks at governmental activity that internalises such externalities in this new, original work. However, government can also create. Many standard government activities such as road building, war and internal policing were originally introduced by monarchical governments for the benefit of the monarch and not to eliminate externalities. This book looks at the way governments both eliminate and create externalities. 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, also analysed, is a relatively new field in economics and political science. Its closely related to externalities and to government structure. Some suggestions for improving government structure are included.
Edward Elgar Publishing; January 2005
162 pages; ISBN 9781845424688
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Title: Public Goods, Redistribution and Rent Seeking
Author: G. Tullock