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Title: Government Failure: A Primer in Public Choice by Gordon Tullock, Arthur Seldon, Gordon L. Brady ISBN: 1-930865-20-1 Publisher: Cato Inst Pub. Date: 15 June, 2002 Format: Paperback Volumes: 1 List Price(USD): $9.95 |
Average Customer Rating: 3.67 (3 reviews)
Rating: 5
Summary: A superb treatment of rent-seeking and log-rolling
Comment: Since this is a book written by three authors separately, I shall discuss each part on its own, but first a few general remarks.
My biggest gripe is that the primary topic is not "public choice" per se, but rather "rent-seeking" with some discussion about externalities and so forth. While the discussion is illuminating and generally crisp and comprehensible, the over-use of the term "public choice analyis" proved annoying: Hardly a page went by without "public choice analyis," sometimes twice in the same sentence.
The general thrust of the text is that, however well-intentioned, no government can sustain a vibrant and diverse welfare-state over the long-term. Entrenched bureaucracies simply can't cope with the vagaries and varieties of human desires. Only the free market can hope to provide for the panoply of individuals' interests.
Part I: A concise, lucid, introduction to the theory of public choice. Professor Tullock has a definitely "small-government" mentality (which I share), but his discussion is still even-handed. The sole problem I have is that the few tables and graphs he employs are completely unitelligible to me. Fortunately, they're not essential, as his writing should be clear enough. The most important topics are rent-seeking and log-rolling, the former of which is the topic most treated by the co-authors. Also of interest is the discussion about bureaucracies.
Part II: A far ranging, perhaps wandering, discussion of the application of rent-seeking to American regulatory policy. Brady writes with a slightly more fervent tone than does Tullock, with a clear but tempered opinion of the roles lawyers, regulators, etc. Generally interesting, but the chapters somewhat lack coherence with each other beyond the theory.
Part III: Sheldon here presents the most entertaining and forcefully written section of the book. Full of vigor, he brings ip several issues that are of critical interest to proponents of small government: the Fabian fallacy, the growth of addiction to the welfare-state, and the welfare-state's role in the collapse of the family.
A great introduction for the interested student of politics or economics.
Rating: 1
Summary: The introduction was a failure
Comment: Arthur Seldon uses Abraham Lincoln as an example of a leader who believed in limited government, "of the people, by the people, and for the people". In actuality, Lincoln lead a failed government attempt at state railroad building when he was in the Illinois legislature. He instituted the first conscription in the United States, and the first income tax. He lead the charge of an unconstitutional export tax on Southern cotton and then an actual blockade. He intimidated the Supreme Court and executed Union soldiers for sleeping on duty. Seldon should do a bit of reading about Lincoln before he uses him as an icon for small government. I, personally, was so turned off by the introduction that I couldn't bring myself to read the book.
Rating: 5
Summary: A cold, unforgiving look at governmental economic policies
Comment: Collaboratively written by American economists Gordon Tullock, Gordon Brady, and British economist Arthur Seldon, Government Failure: A Primer In Public Choice is a cold, unforgiving look at governmental economic policies, ranging from how American special interest groups lobby reap enormous and destructive favors, to the manifold disasters that have come from British governmental interventions in the economy. A caution about he concentration of power promoted by the European Union rounds out this stark, scholarly, and persuasive treatise. Also available in hardcover (193086521X..,), Government Failure is strongly recommended reading for students of Economics and Political Science.
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Title: The Calculus of Consent by James M. Buchanan, Gordon Tullock ISBN: 0472061003 Publisher: University of Michigan Press Pub. Date: June, 1962 List Price(USD): $22.95 |
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Title: Public Choice III by Dennis C. Mueller ISBN: 0521894751 Publisher: Cambridge University Press Pub. Date: 17 February, 2003 List Price(USD): $45.00 |
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Title: Logic of Collective Action: Public Goods and the Theory of Groups by Mancur Olson ISBN: 0674537513 Publisher: Harvard Univ Pr Pub. Date: June, 1971 List Price(USD): $20.50 |
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Title: Public Finance and Public Choice: Two Contrasting Visions of the State (CESifo Book Series) by James M. Buchanan, Richard A. Musgrave ISBN: 0262024624 Publisher: MIT Press Pub. Date: 22 October, 1999 List Price(USD): $40.00 |
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Title: Perspectives on Public Choice : A Handbook by Dennis C. Mueller ISBN: 0521556546 Publisher: Cambridge University Press Pub. Date: 28 October, 1996 List Price(USD): $39.00 |
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