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Carte Money for Nothing Fred S. McChesney

Money for Nothing

Politicians, Rent Extraction and Political Extortion

Autor: Fred S. McChesney
Limbă: engleză
Legare: Copertă tare
Editura: Harvard University Press
Disponibilitate: În depozitul extern
Expediem în 9-15 zile
517.17 lei
Surveys reveal that the majority of Americans believe government is run for special interest, not pu...

Informații despre carte

Autor
Fred S. McChesney
Limbă
engleză
Legare
Carte - Copertă tare
Publicat
1997
Pagini
240
EAN
9780674583306
ISBN
0674583302
Enbook ID
09259727
Editura
Harvard University Press
Greutate
503
Dimensiuni
156 x 235 x 21

Descriere completă

Surveys reveal that the majority of Americans believe government is run for special interest, not public interest. The increased power of lobbyists in Washington and the excesses of campaign contributions and other favours seem to indicate a government corrupted by big private-interest groups. This gives only a partial understanding of why private interests are paying. The book argues that payments to politicians are often made not for political favour, but to avoid political disfavour as part of a system of "rent extraction". Politicians can legally extort from private parties payments to not expropriate private wealth. In this sense it is money for nothing, money paid in exchange for a politician's inaction. The author tests this model of wealth extraction with many examples and shows how it applies more generally to regulation.

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