Liberty Fund Books
Economics of Politics, TheThe Selected Works of Gordon Tullock: Volume 4
By Gordon Tullock
DescriptionThe Economics of Politics is the fourth volume in Liberty Fund’s The Selected Works of Gordon Tullock. This volume includes some of Gordon Tullock’s most noteworthy contributions to the theory and application of public choice, which is a relatively new science that links economics and political action. This volume combines the best parts of two of his books, Private Wants: Public Means and On Voting, as well as his famous monograph The Vote Motive. The common thread of The Economics of Politics is the importance of the bond between Homo politicus and Homo economicus: they are the same species, each driven largely by self-interest in vigorous pursuit of such personal objectives as wealth, power, prestige, and income security within the confines of society. The Economics of Politics covers such diverse public choice topics as: the nature and origins of public choice, the power of using economic analysis to understand and predict the behavior of politically influenced markets, and an evaluation of voting rules and political institutions. Equally confident in both the normative and the positive branches of the discipline, and well-versed in the wide variety of institutions and practices of democracy throughout history, Tullock takes the reader on a journey that goes well beyond the conventional horizon of public choice. Charles K. Rowley is Duncan Black Professor of Economics at George Mason University and a Senior Fellow of the James M. Buchanan Center for Political Economy at George Mason University. He is also General Director of the Locke Institute. The entire series includes: Volume 1: Virginia Political Economy
Table of ContentsIntroduction, by Charles K. Rowley ix1. THE NATURE OF PUBLIC CHOICE An Economic Analysis of Political Choice 3 Origins of Public Choice 11 People Are People: The Elements of Public Choice 32 2. WHAT SHOULD GOVERNMENT DO? Mosquito Abatement 49 Property, Contract, and the State 68 Bargaining 86 Externalities and All That 97 The Costs of Government 114 Remedies 137 The Social Costs of Reducing Social Cost 156 3. THE VOTE MOTIVE: AN ESSAY IN THE ECONOMICS OF POLITICS 167 4. RATIONAL IGNORANCE AND ITS IMPLICATIONS Political Ignorance 225 The Politics of Persuasion 241 The Economics of Lying 259 Some Further Thoughts on Voting 270 5. VOTING PARADOXES A Measure of the Importance of Cyclical Majorities (Colin D. Campbell and Gordon Tullock )275 The Paradox of Voting —A Possible Method of Calculation 280 Computer Simulation of a Small Voting System (Gordon Tullock and Colin D. Campbell )283 The Paradox of Not Voting for Oneself 293 Avoiding the Voter ’s Paradox Democratically: Comment 295 An Approach to Empirical Measures of Voting Paradoxes (John L. Dobra and Gordon Tullock )297 6. THE MEDIAN VOTER THEOREM Duncan Black: The Founding Father, 23 May 1908 –14 January 1991 301 Hotelling and Downs in Two Dimensions 305 7. VOTE TRADING AND LOGROLLING AS MECHANISMS OF POLITICAL EXCHANGE A Simple Algebraic Logrolling Model 319 More Complicated Log-rolling 331 Efficiency in Log-rolling 346 8. MORE ON DEMAND REVEALING Some Limitations of Demand-Revealing Processes: Comment (T. Nicolaus Tideman and Gordon Tullock )361 Coalitions under Demand Revealing (T. Nicolaus Tideman and Gordon Tullock )366 More Thought about Demand Revealing 373 9. VOTING METHODS AND POLITICAL MARKET BEHAVIOR Proportional Representation 381 Democracy as It Really Is 395 A Bouquet of Governments 401 Thoughts about Representative Government 413 Voting, Different Methods and General Considerations 427 A Bouquet of Voting Methods 437 INDEX 449 International Customers:If you would like an order shipped outside the U.S., its territories, Canada, South America, Central America, or the Carribean, please visit your local Amazon website or place orders directly with Gazelle Academic. |
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