PUBLIC GOODS, REDISTRIBUTION AND RENT SEEKING.
Series: LOCKE INSTITUTE SERIES
Publisher: EDWARD ELGAR
Published: 2005
Place of publication: CHELTENHAM
Language: und; eng
Number of pages: 153
Description: "Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new 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."--Jacket.