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| dead weight loss in economics: Scroogenomics Joel Waldfogel, 2009-10-25 Lively and informed, Scroogenomics illustrates how consumer spending generates vast amounts of economic waste. Economist Waldfogel provides solid explanations to show why it's time to stop the madness and think twice before buying gifts for the holidays. |
| dead weight loss in economics: Macroeconomic Consequences of Tariffs Davide Furceri, Swarnali Ahmed Hannan, Mr.Jonathan David Ostry, Mr.Andrew K. Rose, 2019-01-15 We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines in domestic output and productivity. Tariff increases also result in more unemployment, higher inequality, and real exchange rate appreciation, but only small effects on the trade balance. The effects on output and productivity tend to be magnified when tariffs rise during expansions, for advanced economies, and when tariffs go up, not down. Our results are robust to a large number of perturbations to our methodology, and we complement our analysis with industry-level data. |
| dead weight loss in economics: Emancipating Slaves, Enslaving Free Men Jeffrey Hummel, 2013-11-18 This book combines a sweeping narrative of the Civil War with a bold new look at the war’s significance for American society. Professor Hummel sees the Civil War as America’s turning point: simultaneously the culmination and repudiation of the American revolution. While the chapters tell the story of the Civil War and discuss the issues raised in readable prose, each chapter is followed by a detailed bibliographical essay, looking at all the different major works on the subject, with their varying ideological viewpoints and conclusions. In his economic analysis of slavery, Professor Hummel takes a different view than the two major poles which have determined past discussions of the topic. While some writers claim that slavery was unprofitable and harmful to the Southern economy, and others maintain it was profitable and efficient for the South, Hummel uses the economic concept of Deadweight Loss to show that slavery was both highly profitable for slave owners and harmful to Southern economic development. While highly critical of Confederate policy, Hummel argues that the war was fought to prevent secession, not to end slavery, and that preservation of the Union was not necessary to end slavery: the North could have let the South secede peacefully, and slavery would still have been quickly terminated. Part of Hummel’s argument is that the South crucially relied on the Northern states to return runaway slaves to their owners. This new edition has a substantial new introduction by the author, correcting and supplementing the account given in the first edition (the major revision is an increase in the estimate of total casualties) and a foreword by John Majewski, a rising star of Civil War studies. |
| dead weight loss in economics: The Fortune Encyclopedia of Economics David R. Henderson, 1993-01 Essays cover basic economic concepts, schools of economic thought, financial markets, and foreign economies |
| dead weight loss in economics: In Defense of Monopoly Richard B. McKenzie, Dwight R. Lee, 2008-02-04 A provocative defense of market dominance |
| dead weight loss in economics: Intermediate Microeconomics Patrick M. Emerson, 2019 |
| dead weight loss in economics: Public Finance and Public Policy Jonathan Gruber, 2005 Chapters include: Income distribution and welfare programs, State and local government expenditures and Health economics and private health insurance. |
| dead weight loss in economics: Policy and Choice William J. Congdon, Jeffrey R. Kling, Sendhil Mullainathan, 2011 Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology. |
| dead weight loss in economics: General Theory Of Employment , Interest And Money John Maynard Keynes, 2016-04 John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and Keynesian views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning |
| dead weight loss in economics: The Distribution of Wealth John Bates Clark, 1899 |
| dead weight loss in economics: Karl Polanyi Gareth Dale, 2010-06-21 Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis. |
| dead weight loss in economics: Industrial Economics Prof. Dr. Wan Sulaiman Bin Wan Yusoff, 2014-03-03 Monopoly is one of the topics under market structure in microeconomic theory. Comparatively, based on conventional economics, monopoly is the third best solution in economics because under its operational theories it can create Dead Weight Loss (DWL) to the society in term of increasing price and reduce quantity of product in order to increase monopoly profit and reduce the consumer surplus. However in my book of Industrial Economics: Monopoly in Islamic Perspective shown that monopoly power under control of Islamic man it will create more social benefit rather DWL. For example ZAM-ZAM water in Mecca Saudi Arabia is a natural monopoly the only one in the world, but King of Saudi Arabia he is an Islamic Man in this regard he can freely supply ZAM-ZAM water to the people all over the world. Nonetheless, if he is an economic man (Characters of selfish and opportunist and main motive of profit maximization) he can put the price of the only natural monopoly to the people based on his own greediness and monopoly power. To see the Islamic Ethic, Morality and Altruism as well as characters of Islamic Man, under monopoly power, although he/she is a monopolist it still could give benefit to society at large. In this regard, please refer to the above book for your additional knowledge in the field of discipline. |
| dead weight loss in economics: The Costs of Taxation and the Marginal Cost of Funds Mr.Joel Slemrod, Shlomo Yitzhaki, 1995-08-01 It is argued that taxation causes three kinds of deadweight losses and two types of direct costs. The deadweight losses arise from substitution, evasion, and avoidance activities while the direct costs are administrative and compliance costs. Some of these social costs tend to be discontinuous and/or nonconvex. Because most models of taxation ignore some components of the social costs of taxation, their conclusions cannot be of a general nature. An alternative approach to policy evaluation is to rely on a marginal efficiency cost of funds rule which can indicate appropriate directions of reforms. The paper discusses its merits, applicability, and limitations, as well as its relationship to other concepts. |
| dead weight loss in economics: Essentials of Economics Paul Krugman, Robin Wells, Martha Olney, 2007 Essentials of Economics brings the same captivating writing and innovative features of Krugman/Wells to the one-term combined micro/macro course. Adapted by Martha Olney (coauthor of the Krugman/Wells study guide and overall coordinator of its media/supplements package), it is the ideal text for teaching basic economic principles in a real-world context to students who are not planning to continue up the economics curriculum. |
| dead weight loss in economics: Sustainability Ethics and Sustainability Research Christian Becker, 2011-10-11 The book identifies the specific ethical aspects of sustainability and develops ethical tools to analyze them. It also provides a methodological framework to integrate ethical and scientific analyses of sustainability issues, and explores the notion of a new type of self-reflective inter- and transdisciplinary sustainability research. With this, the book aims to strengthen the overall ability of academics to contribute to the analysis and solution of sustainability issues in an inclusive and integrated way. |
| dead weight loss in economics: A Course in Public Economics John Leach, 2004 This 2004 textbook explores how markets operate and governments' roles in addressing market failures. |
| dead weight loss in economics: The Economic Consequences of the Peace John Maynard Keynes, 1920 John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world. |
| dead weight loss in economics: The Economic Structure of Intellectual Property Law William M. LANDES, Richard A. Posner, 2009-06-30 This book takes a fresh look at the most dynamic area of American law today, comprising the fields of copyright, patent, trademark, trade secrecy, publicity rights, and misappropriation. Topics range from copyright in private letters to defensive patenting of business methods, from moral rights in the visual arts to the banking of trademarks, from the impact of the court of patent appeals to the management of Mickey Mouse. The history and political science of intellectual property law, the challenge of digitization, the many statutes and judge-made doctrines, and the interplay with antitrust principles are all examined. The treatment is both positive (oriented toward understanding the law as it is) and normative (oriented to the reform of the law). Previous analyses have tended to overlook the paradox that expanding intellectual property rights can effectively reduce the amount of new intellectual property by raising the creators' input costs. Those analyses have also failed to integrate the fields of intellectual property law. They have failed as well to integrate intellectual property law with the law of physical property, overlooking the many economic and legal-doctrinal parallels. This book demonstrates the fundamental economic rationality of intellectual property law, but is sympathetic to critics who believe that in recent decades Congress and the courts have gone too far in the creation and protection of intellectual property rights. Table of Contents: Introduction 1. The Economic Theory of Property 2. How to Think about Copyright 3. A Formal Model of Copyright 4. Basic Copyright Doctrines 5. Copyright in Unpublished Works 6. Fair Use, Parody, and Burlesque 7. The Economics of Trademark Law 8. The Optimal Duration of Copyrights and Trademarks 9. The Legal Protection of Postmodern Art 10. Moral Rights and the Visual Artists Rights Act 11. The Economics of Patent Law 12. The Patent Court: A Statistical Evaluation 13. The Economics of Trade Secrecy Law 14. Antitrust and Intellectual Property 15. The Political Economy of Intellectual Property Law Conclusion Acknowledgments Index Reviews of this book: Chicago law professor William Landes and his polymath colleague Richard Posner have produced a fascinating new book...[The Economic Structure of Intellectual Property Law] is a broad-ranging analysis of how intellectual property should and does work...Shakespeare's copying from Plutarch, Microsoft's incentives to hide the source code for Windows, and Andy Warhol's right to copyright a Brillo pad box as art are all analyzed, as is the question of the status of the all-bran cereal called 'All-Bran.' --Nicholas Thompson, New York Sun Reviews of this book: Landes and Posner, each widely respected in the intersection of law and economics, investigate the right mix of protection and use of intellectual property (IP)...This volume provides a broad and coherent approach to the economics and law of IP. The economics is important, understandable, and valuable. --R. A. Miller, Choice Intellectual property is the most important public policy issue that most policymakers don't yet get. It is America's most important export, and affects an increasingly wide range of social and economic life. In this extraordinary work, two of America's leading scholars in the law and economics movement test the pretensions of intellectual property law against the rationality of economics. Their conclusions will surprise advocates from both sides of this increasingly contentious debate. Their analysis will help move the debate beyond the simplistic ideas that now tend to dominate. --Lawrence Lessig, Stanford Law School, author of The Future of Ideas: The Fate of the Commons in a Connected World An image from modern mythology depicts the day that Einstein, pondering a blackboard covered with sophisticated calculations, came to the life-defining discovery: Time = $$. Landes and Posner, in the role of that mythological Einstein, reveal at every turn how perceptions of economic efficiency pervade legal doctrine. This is a fascinating and resourceful book. Every page reveals fresh, provocative, and surprising insights into the forces that shape law. --Pierre N. Leval, Judge, U.S. Court of Appeals, Second Circuit The most important book ever written on intellectual property. --William Patry, former copyright counsel to the U.S. House of Representatives, Judiciary Committee Given the immense and growing importance of intellectual property to modern economies, this book should be welcomed, even devoured, by readers who want to understand how the legal system affects the development, protection, use, and profitability of this peculiar form of property. The book is the first to view the whole landscape of the law of intellectual property from a functionalist (economic) perspective. Its examination of the principles and doctrines of patent law, copyright law, trade secret law, and trademark law is unique in scope, highly accessible, and altogether greatly rewarding. --Steven Shavell, Harvard Law School, author of Foundations of Economic Analysis of Law |
| dead weight loss in economics: Economics in One Lesson Henry Hazlitt, 2010-08-11 With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication. |
| dead weight loss in economics: A General Equilibrium Model for Tax Policy Evaluation Charles L. Ballard, Don Fullerton, John B. Shoven, John Whalley, 2009-05-15 This book reports the authors' research on one of the most sophisticated general equilibrium models designed for tax policy analysis. Significantly disaggregated and incorporating the complete array of federal, state, and local taxes, the model represents the U.S. economy and tax system in a large computer package. The authors consider modifications of the tax system, including those being raised in current policy debates, such as consumption-based taxes and integration of the corporate and personal income tax systems. A counterfactual economy associated with each of these alternatives is generated, and the possible outcomes are compared. |
| dead weight loss in economics: An Evolutionary Theory of Economic Change Richard R. Nelson, 1985-10-15 This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry. |
| dead weight loss in economics: From Optimal Tax Theory to Tax Policy Robin Boadway, 2012-01-27 An economist examines the evolution of optimal tax analysis and its influence on tax policy design. Many things inform a country's choice of tax system, including political considerations, public opinion, bureaucratic complexities, and ideas drawn from theoretical analysis. In this book, Robin Boadway examines the role of optimal tax analysis in informing and influencing tax policy design. Scholars of public economics formulate models of optimal tax-transfer systems based on normative principles that reflect efficiency and equity considerations. They use that analysis to form views about the optimal design or reform of actual tax systems that are much more complicated than their models. Boadway argues that there is an important symbiosis between ideas drawn from normative tax analysis and tax policies actually enacted. Ideas germinated by normative analyses have led to the widespread adoption of the value-added tax, the use of refundable tax credits, and various business tax reforms. Other ideas provide rationales for existing features of tax systems, including the tax treatment of retirement savings and human capital investment. Boadway charts the evolution of optimal tax analysis and discusses the lessons it holds for tax policy. He describes the theoretical challenges posed by recent findings in such fields as behavioral economics and social choice and considers how optimal tax analysis might adapt to these new paradigms. His analysis offers a timely assessment of the role that optimal tax theory has played in establishing the principles that continue to inform tax policy. |
| dead weight loss in economics: Handbook of Public Economics Martin Feldstein, A.J. Auerbach, 2002-01-25 The Field of Public Economics has been changing rapidly in recent years, and the sixteen chapters contained in this Handbook survey many of the new developments. As a field, Public Economics is defined by its objectives rather than its techniques and much of what is new is the application of modern methods of economic theory and econometrics to problems that have been addressed by economists for over two hundred years. More generally, the discussion of public finance issues also involves elements of political science, finance and philosophy. These connections are evidence in several of the chapters that follow. Public Economics is the positive and normative study of government's effect on the economy. We attempt to explain why government behaves as it does, how its behavior influences the behavior of private firms and households, and what the welfare effects of such changes in behavior are. Following Musgrave (1959) one may imagine three purposes for government intervention in the economy: allocation, when market failure causes the private outcome to be Pareto inefficient, distribution, when the private market outcome leaves some individuals with unacceptably low shares in the fruits of the economy, and stabilization, when the private market outcome leaves some of the economy's resources underutilized. The recent trend in economic research has tended to emphasize the character of stabilization problems as problems of allocation in the labor market. The effects that government intervention can have on the allocation and distribution of an economy's resources are described in terms of efficiency and incidence effects. These are the primary measures used to evaluate the welfare effects of government policy. |
| dead weight loss in economics: How The West Was Lost Dambisa Moyo, 2011-01-13 How the West was Lost charts how over the last 50 years the most advanced and advantaged countries of the world have squandered their dominant position through a sustained catalogue of fundamentally flawed economic policies. It is these decisions that, along the way, have resulted in an economic and geo-political see-saw, which is now poised to tip in favour of the emerging world. By forging closer ties with the emerging economies, rethinking trade barriers, overhauling their tax systems to encourage savings rather than ravenous consumption, and specifically addressing the three essential ingredients for growth (capital, labour and technology) it might yet still be possible for the West to firmly get back in the race. |
| dead weight loss in economics: The Antitrust Paradox Robert Bork, 2021-02-22 The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses. |
| dead weight loss in economics: How Big Should Our Government Be? Jon Bakija, Lane Kenworthy, Peter Lindert, Jeff Madrick, 2016-06-21 The size of government is arguably the most controversial discussion in United States politics, and this issue won't fade from prominence any time soon. There must surely be a tipping point beyond which more government taxing and spending harms the economy, but where is that point? In this accessible book, best-selling authors Jeff Madrick, Jon Bakija, Lane Kenworthy, and Peter Lindert try to answer whether our government can grow any larger and examine how we can optimize growth and fair distribution. |
| dead weight loss in economics: The Costs of Taxation Alex Robson, 2005 Argues that increasing income tax to supplement government spending is costing us more in lost enterprise and effort than it is bringing us in added benefits. - foreword. |
| dead weight loss in economics: The Economics of Public Issues Roger LeRoy Miller, Daniel K. Benjamin, Douglass Cecil North, 2009 For principles of economics, public policy, and social issues courses. Brief, relevant readings that spark independent thinking and classroom discussions. The Economics of Public Issues 16e is a collection of brief, relevant readings that spark independent thinking and classroom discussions in principles of economics and social issues courses. This text encourages students to apply theoretical discussions to today’s important issues and to gain a deeper understanding of current economic policy concerns. The sixteenth edition offers provocative new topics, updates to ongoing macroeconomic policy debates, and new discussion questions. A flexible format and built-in correlation guide make this text easy to integrate into a course without adding to the professor’s preparation time. |
| dead weight loss in economics: 10,001 Ways to Live Large on a Small Budget Wise Bread Writers, The Writers of Wise Bread, 2009-01-01 A treasury of top-selected submissions to the popular personal finance blog WiseBread.com shares insights on how to enjoy life while living responsibly, in a resource that organizes entries under such headers as shopping in bulk, saving money while going green, and reducing one's mortgage and rent costs. Original. |
| dead weight loss in economics: Universal Economics Armen Albert Alchian, William Richard Allen, 2018 Universal Economics is a new work that bears a strong resemblance to its two predecessors, University Economics (1964, 1967, 1972) and Exchange and Production (1969, 1977, 1983). Collaborating again, Professors Alchian and Allen have written a fresh presentation of the analytical tools employed in the economic way of thinking. More than any other principles textbook, Universal Economics develops the critical importance of property rights to the existence and success of market economies. The authors explain the interconnection between goods prices and productive-asset prices and how market-determined interest rates bring about the allocation of resources toward the satisfaction of consumption demands versus saving/investment priorities. They show how the crucial role of prices in a market economy cannot be well understood without a firm grasp of the role of money in a modern world. The Alchian and Allen application of information and search-cost analysis to the subject of money, price determination, and inflation is unique in the teaching of economic principles. No one has ever done price theory better than Alchian -- that is, no one has ever excelled Alchians ability to explain the reason, role, and nuances of prices, of competition, and of property rights. And only a precious few -- I can count them on my fingers -- have a claim for being considered to have done price theory as well as he did it. -- Donald Boudreaux, George Mason University. Armen A. Alchian (19142013), one of the twentieth centurys great teachers of economic science, taught at UCLA from 1958 to 1984. Founder of the UCLA tradition in economics, he has become recognized as one of the most influential voices in the areas of market structure, property rights, and the theory of the firm. William R. Allen taught at Washington University prior to joining the UCLA faculty in 1952. Along with research primarily in international economics and the history of economic theory, he has concentrated on teaching economics. Universal Economics is his third textbook collaboration with Armen Alchian. Jerry L. Jordan wrote his doctoral dissertation under the direction of Armen Alchian. He was Dean of the School of Management at the University of New Mexico, a member of President Reagans Council of Economic Advisors and of the U.S. Gold Commission, Director of Research of the Federal Reserve Bank of Saint Louis, and President and CEO of the Federal Reserve Bank of Cleveland. |
| dead weight loss in economics: The Beauty Myth Naomi Wolf, 2009-03-17 The bestselling classic that redefined our view of the relationship between beauty and female identity. In today's world, women have more power, legal recognition, and professional success than ever before. Alongside the evident progress of the women's movement, however, writer and journalist Naomi Wolf is troubled by a different kind of social control, which, she argues, may prove just as restrictive as the traditional image of homemaker and wife. It's the beauty myth, an obsession with physical perfection that traps the modern woman in an endless spiral of hope, self-consciousness, and self-hatred as she tries to fulfill society's impossible definition of the flawless beauty. |
| dead weight loss in economics: Oxford Textbook of Global Public Health Roger Detels, Martin Gulliford, Quarraisha Abdool Karim, Chorh Chuan Tan, 2017 Sixth edition of the hugely successful, internationally recognised textbook on global public health and epidemiology, with 3 volumes comprehensively covering the scope, methods, and practice of the discipline |
| dead weight loss in economics: A Revision of Demand Theory John Hicks, 1986 When A Revision of Demand Theory was first published in 1956, the late Harry Johnson described it as elegant in the extreme, probably the last word there is to be said on this aspect of demand theory. This landmark work by Nobel Prize winner J.R. Hicks is now available again. |
| dead weight loss in economics: The Political Economy of Rent-Seeking Charles Rowley, Robert D. Tollison, Gordon Tullock, 1988-01-31 It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm. |
| dead weight loss in economics: Antitrust Law Richard A. Posner, 1976 'A creative, informative, and highly readable narrative... The book consists of four sections dealing in turn with (1) the law and economics of antitrust policy; (2) the problem of collusion; (3) the question of exclusionary practices; and (4) the difficulties of enforcement... This is a provocative work that judiciously raises pertinent questions about our antitrust policy.'-Robert J. Steamer, Perspective |
| dead weight loss in economics: A Guide to Benefit-cost Analysis Edward M. Gramlich, 1998 |
| dead weight loss in economics: The Economics of Obesity Kristian Bolin, John H. Cawley, 2007 Focuses on the economics of obesity. This work assesses the impact of food quality, access to fast food, food prices, legislation, and other factors on diet, physical activity, and body weight. It calculates the impact of obesity on hospital costs and examines the externalities imposed by obesity through health insurance. |
| dead weight loss in economics: Maritime Economics Alan Branch, Martin Stopford, 2013-04-15 Now in its second edition Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Topics covered include: * an overview of international trade * Maritime Law * economic organisation and principles * financing ships and shipping companies * market research and forecasting. |
| dead weight loss in economics: The Armchair Economist Steven E. Landsburg, 2012-05-10 Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The 'obvious' answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the 'obvious' exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, they'd have raised prices before the frost. Why don't concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why don't firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it. |
| dead weight loss in economics: Economics: European Edition Paul Krugman, Robin Wells, Kathryn Graddy, 2007-04-06 Economics: European Edition is the ideal text for introductory economics, bringing together an international scope of real world examples and economic theory. The text is supported by a number of features to enhance student understanding as well as supplements to consolidate the learning process. |
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Apr 30, 2025 · Be the first to know about the Grateful Dead’s exclusive limited-edition releases, breaking news on the band, community events, and so much more. It’s all happenin’!
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Apr 23, 2018 · The roses symbolize our deep love of the Dead. Inside the 60 I used a diamond like card, inspired from the gambling songs like Loser and Deal. The rays not only pull from …
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May 19, 2025 · Welcome back to the Tapers’ Section, where this week we have Grateful Dead music from 1969, 1981, and 1989. Our first stop this week is in Piedmont Park in Atlanta on …
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Official Site Of The Grateful Dead
60 Years On - Grateful Dead
Apr 23, 2018 · The roses symbolize our deep love of the Dead. Inside the 60 I used a diamond like card, inspired from the gambling songs like Loser and Deal. The rays not only pull from …
News - Grateful Dead
Be the first to know about the Grateful Dead’s exclusive limited-edition releases, breaking news on the band, community events, and so much more. It’s all happenin’!
Grateful Dead May 5 - May 11, 2025
May 5, 2025 · Welcome back to the Tapers’ Section, where this week we have Grateful Dead music from 1974, 1984m and 1988. Our first stop this week is in Chicago on 7/25/74 with the …
Grateful Dead Stella Blue
Be the first to know about the Grateful Dead’s exclusive limited-edition releases, breaking news on the band, community events, and so much more. It’s all happenin’!
Grateful Dead May 19 - May 25, 2025
May 19, 2025 · Welcome back to the Tapers’ Section, where this week we have Grateful Dead music from 1969, 1981, and 1989. Our first stop this week is in Piedmont Park in Atlanta on …
Forums - Grateful Dead
Be the first to know about the Grateful Dead’s exclusive limited-edition releases, breaking news on the band, community events, and so much more. It’s all happenin’!
