Liberty Fund Books

Description

Gordon Tullock delights in deploying rational-choice analysis effectively to areas widely considered to be outside the domain of economics. This volume illustrates the strength of this endeavor by reproducing the very best chapters from his controversial textbook The New World of Economics. It also highlights Tullock’s innovative contributions to bioeconomics, another area in which he pioneered the application of economic methods. Other sections of this volume reproduce his best contributions to more traditional areas of study, further solidifying the innovative strength of his scholarship.

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
Volume 2: The Calculus of Consent
Volume 3: The Organization of Inquiry (November 2004)
Volume 4: The Economics of Politics (February 2005)
Volume 5: The Rent-Seeking Society (March 2005)
Volume 6: Bureaucracy (June 2005)
Volume 7: The Economics and Politics of Wealth Redistribution (July 2005)
Volume 8: The Social Dilemma: Of Autocracy, Revolution, Coup d'Etat, and War (December 2005)
Volume 9: Law and Economics (December 2005)
Volume 10: Economics without Frontiers (January 2006)

Table of Contents

Introduction, by Charles K. Rowley ix

1. THE ECONOMIC APPROACH TO HUMAN BEHAVIOR
(Richard B. McKenzie and Gordon Tullock) 3

2. THE NEW WORLD OF ECONOMICS
Marriage, Divorce, and the Family
(Richard B. McKenzie and Gordon Tullock) 25
Child Production (Richard B. McKenzie and Gordon Tullock) 39
The Economic Aspects of Crime
(Richard B. McKenzie and Gordon Tullock) 56
The Economic versus the Sociological Views of Crime
(Richard B. McKenzie and Gordon Tullock) 73
Why Government (Gordon Tullock and Richard B. McKenzie) 85
Rationality in Human and Nonhuman Societies
(Gordon Tullock and Richard B. McKenzie) 95
Universities Should Discriminate against Assistant Professors 111

3. BIOECONOMICS
Sociobiology (Gordon Tullock and Richard B. McKenzie) 115
Economics and Sociobiology: A Comment 133
Sociobiology and Economics 139
Territorial Boundaries: An Economic View 155
Evolution and Human Behavior 159
The Economics of Nonhuman Societies 171
1. Introduction 173
2. The Genetics of Society 181
3. Coordination and the Prisoner’s Dilemma 197
4. Consider the Ant 206
5. Termites and Bees 225
6. Mole Rats, Sponges, and Slime Molds 236
7. A Theory of Cooperation 250
8. A Society of Cells 264

4. PUBLIC FINANCE
Science Fiction and the Debt 271
Subsidized Housing in a Competitive Market: Comment 275
Optimal Poll Taxes 277
Optimal Poll Taxes: Further Aspects 285
Bismarckism 289

5. MONETARY ECONOMICS
Hyperinflation in China, 1937– 49
(Colin D. Campbell and Gordon C. Tullock) 307
Paper Money—A Cycle in Cathay 321
Some Little-Understood Aspects of Korea’s Monetary and Fiscal Systems
(Colin D. Campbell and Gordon Tullock) 343
Competing Monies 359
Competing Monies: A Reply 367
When Is Inflation Not Inflation? 373

6. SIZE AND GROWTH OF GOVERNMENT
An Empirical Analysis of Cross-National Economic Growth, 1951– 80
(Kevin B. Grier and Gordon Tullock) 379
Provision of Public Goods through Privatization 399

7. THE THEORY OF GAMES
An Economic Theory of Military Tactics: Methodological Individualism
at War (Geoffrey Brennan and Gordon Tullock) 405
Jackson and the Prisoner’s Dilemma 425
Adam Smith and the Prisoners’ Dilemma 429
Games and Preference 438

Index 447
Series Indexes
Titles of Works Included in the Series 461
Cumulative Index 467