Gordon Tullock: Economic Gadfly
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The Life and Times of Gordon Tullock
Public Choice (2012) 152:3–27 DOI 10.1007/s11127-011-9899-3 The life and times of Gordon Tullock Charles K. Rowley · Daniel Houser Received: 24 October 2011 / Accepted: 25 October 2011 / Published online: 10 November 2011 © Springer Science+Business Media, LLC 2011 Abstract Gordon Tullock is a founding father of public choice. In an academic career that has spanned 50 years, he forged much of the research agenda of the public choice program and he founded and edited Public Choice, the key journal of public choice scholarship. Tullock, however did much more than this. This Special Issue of Public Choice honors Gordon Tullock in precisely the manner that he most values: the creation of new ideas across the vast range of his own scholarly interests. Keywords Gordon Tullock · Tullock’s life · Tullock’s times Si monumentum requiris, circumspice 1 Innocence of youth Gordon Tullock was born in Rockford, Illinois on February 13, 1922. His father, George Tullock, was a hardy Midwesterner of Scottish ancestry. His mother, Helen, nee Crumb, was of equally hardy Pennsylvania-Dutch stock. His father’s elder brother, Tom, and his two children, also lived in Rockford, but some distance away. So Gordon had no close and continuing relationship with them. Both of Gordon’s grandfathers died before he was old enough to remember them. Both of his grandmothers ‘lived with us for some time, but fortunately not at the same time’ (Tullock 2009:1) Rockford, often referred to as the ‘Forest City’, was a mid-sized city with a 64,000 pop- ulation in 1922, when Gordon Tullock was born. -
Rent-Seeking Contests with Incomplete Information
Rent-Seeking Contests with Incomplete Information Mark Fey∗ Department of Political Science University of Rochester September, 2007 Abstract We consider rent-seeking contests with two players that each have private information about their own cost of effort. We consider both discrete and continuous distributions of costs and give results for each case, focusing on existence of equilibria. JEL Classification: D72; C72 Keywords: rent-seeking, contests, conflict, private information, equi- librium existence ∗Harkness Hall, University of Rochester, Rochester, NY, 14618. Office: 585-275-5810. Fax: 585-271-1616. Email: [email protected]. 1 Introduction A rent-seeking contest is a situation in which players expend costly effort to gain a reward. Many conflict situations can be described by rent-seeking contests, including political campaigns, patent races, war fighting, lobbying efforts, labor market competition, legal battles, and professional sports. The reward in a rent-seeking contest may be indivisible, such as electoral office or a patent right, or it may be divisible, such as market share or vote share. In the former case, expending more effort increases the probability that a player will win the prize. In the latter case, expending more effort increases the share of the prize. An important vehicle for investigating the logic of rent-seeking contests is the model of Tullock (1980). This work has spawned a large literature, some of which is surveyed in Lockard and Tullock (2001) and Corch´on (2007). In this paper, we contribute to this literature by developing a model of rent- seeking contests in which players have incomplete information about the cost of effort to other players. -
Buchanan, James and Tullock, Gordon. the Calculus of Consent
BOOKS AUTHORED AND CO-AUTHORED Tullock, Gordon. The Logic of the Law (New York: Basic (page 1: 1965-1980) Books Inc., 1971). University Press of America, 1988. Buchanan, James and Tullock, Gordon. The Calculus of Tullock, Gordon. The Social Dilemma: The Economics of Consent: Logical Foundations of a Constitutional War and Revolution (Blacksburg, VA: Center for Study Democracy (Ann Arbor: University of Michigan Press, of Public Choice, 1974). 1962). Paperback, 1965. Japanese Translation, 1979. Spanish Translation, 1980. Slovenian Translation, March 1997. Japanese Translation, 1980. Russian Translation, 2001 McKenzie, Richard B. and Tullock, Gordon. The New World Chinese Translation (by Yi Xianrong), forthcoming of Economics: Explorations into the Human Korean Translation (by Sooyoun Hwang), Forward Experience (Homewood, IL: Richard D. Irwin, Inc., French Translation, forthcoming 1975). 2nd Edition, 1978. 3rd Edition, 1980. 4th Edition, 1984. Chapter 4, “Competing monies,” (Irwin, 1984, Tullock, Gordon. The Politics of Bureaucracy (Washington 4th ed. Pp. 52-65). 5th Edition, 1989. Revised Aug. D.C.: Public Affairs Press, 1965). Paperback, 1975. 1994 and retitled: The Best of the New World of University Press of America, 1987. Economics… and Then Some. 5th Edition reissued, 1994, The New World of Economics. McGraw-Hill). Tullock, Gordon. The Organization of Inquiry (Durham, NC: Duke University Press, 1966). University Press of Spanish Translation, 1980. America, 1987. Japanese Translation, 1981. German Translation, 1984. Tullock, Gordon. Toward a Mathematics of Politics (Ann Chinese Translation, 1992. Arbor: University of Michigan Press, 1967). Paperback, 1972. [Reviewed by Kenneth J. Arrow. McKenzie, Richard B. and Tullock, Gordon. Modern Political “Tullock and an Existence Theorem,” Public Choice, Economy: An Introduction to Economics (New York: VI: 105-11.] McGraw-Hill Book Company, 1978). -
Politics of Unregulation: Public Choice and Limits on Government Peter L
Cornell Law Review Volume 75 Article 2 Issue 2 January 1990 Politics of Unregulation: Public Choice and Limits on Government Peter L. Kahn Follow this and additional works at: http://scholarship.law.cornell.edu/clr Part of the Law Commons Recommended Citation Peter L. Kahn, Politics of Unregulation: Public Choice and Limits on Government , 75 Cornell L. Rev. 279 (1990) Available at: http://scholarship.law.cornell.edu/clr/vol75/iss2/2 This Article is brought to you for free and open access by the Journals at Scholarship@Cornell Law: A Digital Repository. It has been accepted for inclusion in Cornell Law Review by an authorized administrator of Scholarship@Cornell Law: A Digital Repository. For more information, please contact [email protected]. THE POLITICS OF UNREGULATION: PUBLIC CHOICE AND LIMITS ON GOVERNMENT Peter L. Kahn t I Many economists and economically-minded lawyers in recent years have come to view much governmental regulation of business as the unfortunate result of a perverse quirk in our political system., In this view, representative democracy gives unwarranted weight to the interests of small and discrete pressure groups, whose interests may be directly opposed to the interests of the larger public.2 Through an analysis of the effect of the size of a lobbying group on its political effectiveness, 3 advocates of this view (hereinafter de- scribed as "public choice theory" or the economic theory of legisla- tion) have concluded that small groups of beneficiaries are more effective in lobbying for special interest legislation than those larger groups which pay the bills are in resisting it. -
The Selected Works of Gordon Tullock, Vol. 3 the Organization of Inquiry [1966]
The Online Library of Liberty A Project Of Liberty Fund, Inc. Gordon Tullock, The Selected Works of Gordon Tullock, vol. 3 The Organization of Inquiry [1966] The Online Library Of Liberty This E-Book (PDF format) is published by Liberty Fund, Inc., a private, non-profit, educational foundation established in 1960 to encourage study of the ideal of a society of free and responsible individuals. 2010 was the 50th anniversary year of the founding of Liberty Fund. It is part of the Online Library of Liberty web site http://oll.libertyfund.org, which was established in 2004 in order to further the educational goals of Liberty Fund, Inc. To find out more about the author or title, to use the site's powerful search engine, to see other titles in other formats (HTML, facsimile PDF), or to make use of the hundreds of essays, educational aids, and study guides, please visit the OLL web site. This title is also part of the Portable Library of Liberty DVD which contains over 1,000 books and quotes about liberty and power, and is available free of charge upon request. The cuneiform inscription that appears in the logo and serves as a design element in all Liberty Fund books and web sites is the earliest-known written appearance of the word “freedom” (amagi), or “liberty.” It is taken from a clay document written about 2300 B.C. in the Sumerian city-state of Lagash, in present day Iraq. To find out more about Liberty Fund, Inc., or the Online Library of Liberty Project, please contact the Director at [email protected]. -
Roger Sherman
ROGER SHERMAN Addresses Department of Economics 4903 Mandell University of Houston Houston, TX 77006 Houston, TX 77204-5882 713 942-7481 713 743-3836 (fax 713-743-3798) Education Ph.D., Carnegie-Mellon University, Economics (1966) M.S., Carnegie-Mellon University, Economics (1965) M.B.A., Harvard University, Finance (1959) B.S., Grove City College, Mathematics (1952) Present Position Professor of Economics, University of Houston Previous Positions Brown-Forman Professor of Economics, University of Virginia (1982-99); Professor (1971-99); Associate Professor(1969-71); Assistant Professor (1965-68) Chairman, Department of Economics, University of Virginia (1982-1990); Assistant Chairman (1966-68); Director of Graduate Studies in Economics (1974-79); Director of Undergraduate Studies in Economics (1991-93); Director of Distinguished Majors Program in Economics (1992-94) Manager of Manufacturing Control (1960-62), Manager of Manufacturing Standards (1959-60), Information Records Division of IBM Corporation Naval Officer, U.S. Navy (1952-56) Other Experience Editorial Board, Applied Economics (1969-73) Associate Editor, Applied Economics (1971-73) Editorial Board, Journal of Regulatory Economics (1988- ) Editorial Board, Industrial Organization Review (1987- ) Editorial Board, Southern Economic Journal (1977-80) Editorial Board, Journal of Economics and Business (1974- ) President, Southern Economic Association (1999-2000) President-Elect, Southern Economic Association (1998-1999) First Vice President, Southern Economic Association (1991-92) -
GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58Th Street, Chicago, Ill
THE PROCESS AND PROGRESS OF ECONOMICS Nobel Memorial Lecture, 8 December, 1982 by GEORGE J. STIGLER Graduate School of Business, University of Chicago, 1101 East 58th Street, Chicago, Ill. 60637, USA In the work on the economics of information which I began twenty some years ago, I started with an example: how does one find the seller of automobiles who is offering a given model at the lowest price? Does it pay to search more, the more frequently one purchases an automobile, and does it ever pay to search out a large number of potential sellers? The study of the search for trading partners and prices and qualities has now been deepened and widened by the work of scores of skilled economic theorists. I propose on this occasion to address the same kinds of questions to an entirely different market: the market for new ideas in economic science. Most economists enter this market in new ideas, let me emphasize, in order to obtain ideas and methods for the applications they are making of economics to the thousand problems with which they are occupied: these economists are not the suppliers of new ideas but only demanders. Their problem is comparable to that of the automobile buyer: to find a reliable vehicle. Indeed, they usually end up by buying a used, and therefore tested, idea. Those economists who seek to engage in research on the new ideas of the science - to refute or confirm or develop or displace them - are in a sense both buyers and sellers of new ideas. They seek to develop new ideas and persuade the science to accept them, but they also are following clues and promises and explorations in the current or preceding ideas of the science. -
Robert Tollison and the Economics of Politics
Robert D. Tollison and the economics of politics Roger D. Congleton West Virginia University Abstract: Robert Tollison was the most prolific of the second generation of public choice scholars from the Virginia School. Tollison’s many applications of the eco- nomic choice approach to politics, law, regulations and religion demonstrated that narrow self-interest can account for a broad range of political, economic, and other social phenomena. Tollison was a talented editor and an inspiring teacher. He edited several influential books and was coeditor of the journal Public Choice for 18 years, in- creasing its prominence and impact. He taught several generations of students, super- vising 49 Ph.D. dissertations and coauthoring papers with most of his students to help them launch their own academic careers. He was also director of the Center for Study of Public Choice during its glory days at George Mason University. 1. Tollison the scholar Robert Tollison was a remarkably productive man, combining careers as scholar, public serv- ant, mentor, and economic consultant in a manner that he made look easy. He nearly always seemed to be relaxed and easygoing. Those characteristics, together with his modesty, made his accomplishments easy to overlook. In this short piece, I try to give readers a sense of his contributions to public choice and of the skill set and personality traits that contributed to them. Before doing so, it is useful to reflect on Tollison’s scholarly output. His curriculum vi- tae lists 13 books, 22 edited collections, and seven editions of a two-volume principles of economics textbook. -
Hayek's Relevance: a Comment on Richard A. Posner's
HAYEK’S RELEVANCE: A COMMENT ON RICHARD A. POSNER’S, HAYEK, LAW, AND COGNITION Donald J. Boudreaux* Frankness demands that I open my comment on Richard Posner’s essay1 on F.A. Hayek by revealing that I blog at Café Hayek2 and that the wall-hanging displayed most prominently in my office is a photograph of Hayek. I have long considered myself to be not an Austrian economist, not a Chicagoan, not a Public Choicer, not an anything—except a Hayekian. So much of my vi- sion of reality, of economics, and of law is influenced by Hayek’s works that I cannot imagine how I would see the world had I not encountered Hayek as an undergraduate economics student. I do not always agree with Hayek. I don’t share, for exam- ple, his skepticism of flexible exchange rates. But my world view— my weltanschauung—is solidly Hayekian. * Chairman and Professor, Department of Economics, George Mason University. B.A. Nicholls State University, Ph.D. Auburn University, J.D. University of Virginia. I thank Karol Boudreaux for very useful comments on an earlier draft. 1 Richard A. Posner, Hayek, Law, and Cognition, 1 NYU J. L. & LIBERTY 147 (2005). 2 http://www.cafehayek.com (last visited July 26, 2006). 157 158 NYU Journal of Law & Liberty [Vol. 2:157 I have also long admired Judge Posner’s work. (Indeed, I regard Posner’s Economic Analysis of Law3 as an indispensable resource.) Like so many other people, I can only admire—usually with my jaw to the ground—Posner’s vast range of knowledge, his genius, and his ability to spit out fascinating insights much like I imagine Vesuvius spitting out lava. -
Three Essays on Environmental Economics and International Trade Patrick Mclaughlin Clemson University, [email protected]
Clemson University TigerPrints All Dissertations Dissertations 5-2008 Three Essays on Environmental Economics and International Trade Patrick Mclaughlin Clemson University, [email protected] Follow this and additional works at: https://tigerprints.clemson.edu/all_dissertations Part of the Economics Commons Recommended Citation Mclaughlin, Patrick, "Three Essays on Environmental Economics and International Trade" (2008). All Dissertations. 204. https://tigerprints.clemson.edu/all_dissertations/204 This Dissertation is brought to you for free and open access by the Dissertations at TigerPrints. It has been accepted for inclusion in All Dissertations by an authorized administrator of TigerPrints. For more information, please contact [email protected]. THREE ESSAYS ON ENVIRONMENTAL ECONOMICS AND INTERNATIONAL TRADE A Dissertation Presented to the Graduate School of Clemson University In Partial Fulfillment of the Requirements for the Degree Doctor of Philosophy Applied Economics by Patrick Arthur McLaughlin May 2008 Accepted by: Daniel Benjamin, Committee Chair Scott Baier Bentley Coffey Robert Tollison ABSTRACT This dissertation addresses the broad topic of appropriate metrics, proxies, and estimation methods in environmental economics and international trade research, presented as three separate studies. The first, entitled, “Something in the Water? Testing for Groundwater Quality Information in the Housing Market,” examines how informed real estate markets are with respect to groundwater quality by using a couple of different proxies for groundwater quality in a hedonic framework. This research topic has potentially suffered from imperfect proxies and incomplete information, which I test. In the second, entitled, “Do Economic Integration Agreements Actually Work? Issues in Understanding the Causes and Consequences of the Growth in Regionalism,” I address a topic in international trade that has consistently suffered from endogeneity biases in estimations: the effect of economic integration agreements on bilateral trade flows. -
Gordon Tullock
SUBSCRIBE NOW AND RECEIVE CRISIS AND LEVIATHAN* FREE! “The Independent Review does not accept “The Independent Review is pronouncements of government officials nor the excellent.” conventional wisdom at face value.” —GARY BECKER, Noble Laureate —JOHN R. MACARTHUR, Publisher, Harper’s in Economic Sciences Subscribe to The Independent Review and receive a free book of your choice* such as the 25th Anniversary Edition of Crisis and Leviathan: Critical Episodes in the Growth of American Government, by Founding Editor Robert Higgs. This quarterly journal, guided by co-editors Christopher J. Coyne, and Michael C. Munger, and Robert M. Whaples offers leading-edge insights on today’s most critical issues in economics, healthcare, education, law, history, political science, philosophy, and sociology. Thought-provoking and educational, The Independent Review is blazing the way toward informed debate! Student? Educator? Journalist? Business or civic leader? Engaged citizen? This journal is for YOU! *Order today for more FREE book options Perfect for students or anyone on the go! The Independent Review is available on mobile devices or tablets: iOS devices, Amazon Kindle Fire, or Android through Magzter. INDEPENDENT INSTITUTE, 100 SWAN WAY, OAKLAND, CA 94621 • 800-927-8733 • [email protected] PROMO CODE IRA1703 Of Stranded Costs and Stranded Hopes The Difficulties of Deregulation —————— ✦ —————— FRED S. MCCHESNEY iven the manifest inefficiency of government regulation, why is there so little deregulation? Of course, some deregulation, including the privatization G of state-owned industries, has occurred in recent decades. The United States experienced a spate of high-profile deregulations from 1978 to 1980 in the natural gas, trucking, and airline industries (Crandall and Ellig 1997). -
From 'What New Political Economy Is' to 'Why Is
FROM ‘WHAT NEW POLITICAL ECONOMY IS’ TO ‘WHY IS EVERYTHING NEW POLITICAL ECONOMY?’ Rafael Galvão de Almeida Federal University of Minas Gerais Abstract: In this paper I aim to try to explore the definition that New Political Economy (NPE) is the economic study of politics, with a macroeconomic focus. It emerged from the influences mainly from the criticism of theory of economic policy, political business cycle research, public choice theory and new institutional economics. Due to its ample nature, different economists have different definitions of what NPE is, and their definitions may clash against each other. This article aims to be a contribution to dissipate this confusion. JEL Codes: B22; B25; D7. Keywords: political economy; new political economy; public choice; new institutional economics; political business cycles Área 1 - História Econômica, do Pensamento Econômico e Demografia Histórica 1 From ‘what new political economy is’ to ‘why is everything new political economy?’ 1. Introduction “New Political Economy” (NPE) is, in its simplest definition, the economic study of politics. The term is used, for example, by Sayer (1999; 2000), Gamble (1995), Besley (2007) and Screpanti and Zamagni (2003). It is also referred to by other similar names, such as “political economics” (Persson, Tabellini, 2000), “political macroeconomics” (Snowdon, Vane, 2005; Gärtner, 2000), “macro political economy” (Lohmann, 2006), “positive political economy” (Alt, Shepsle, 1990) or just “political economy” (Drazen, 2000; Hibbs, Fassbender, 1981; Weingast and Wittman, 2006), and, just as its semi-synonymic predecessor term “political economy”, NPE can mean different things to different writers1. It is important to single out these differences from the NPE I intend to present.