Matches in SemOpenAlex for { <https://semopenalex.org/work/W3022487385> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W3022487385 abstract "Gordon Tullock is acknowledged for being the first to recognize the true costs of rent-seeking as including not only the Harberger triangle but also the Tullock rectangle. This rectangle does not constitute merely a lossless transfer of wealth, but it causes a misallocation of resources as rent-seekers invest resources in lobbying. However, a close reading of Tullock’s writings shows that his arguments are formulated in a holistic fashion, speaking of what is efficient or inefficient for society. Rent-seeking is inefficient because it reduces societal welfare. But according to a methodologically individualist and subjectivist economics, such a claim is invalid. We must distinguish between positive economic fact and normative moral philosophy. We call for a reconstruction of utility and welfare economics based on methodological individualism and subjectivism with implications for the theories of monopoly and competition: practices which Neoclassical perfect-competition theory considers to be evidence of rent-seeking should instead be deemed as indications of genuine competition Political economy should be concerned with ascertaining which institutions will best enable individuals to pursue their individually subjective ends – or else economists should be explicit about their normative preferences and political philosophies." @default.
- W3022487385 created "2020-05-13" @default.
- W3022487385 creator A5027387297 @default.
- W3022487385 date "2015-11-20" @default.
- W3022487385 modified "2023-10-16" @default.
- W3022487385 title "The welfare costs of rent-seeking: a methodologically individualist and subjectivist revision" @default.
- W3022487385 doi "https://doi.org/10.46298/jpe.10682" @default.
- W3022487385 hasPublicationYear "2015" @default.
- W3022487385 type Work @default.
- W3022487385 sameAs 3022487385 @default.
- W3022487385 citedByCount "0" @default.
- W3022487385 crossrefType "journal-article" @default.
- W3022487385 hasAuthorship W3022487385A5027387297 @default.
- W3022487385 hasBestOaLocation W30224873851 @default.
- W3022487385 hasConcept C100001284 @default.
- W3022487385 hasConcept C111472728 @default.
- W3022487385 hasConcept C118084267 @default.
- W3022487385 hasConcept C133425853 @default.
- W3022487385 hasConcept C138885662 @default.
- W3022487385 hasConcept C162324750 @default.
- W3022487385 hasConcept C17022365 @default.
- W3022487385 hasConcept C175444787 @default.
- W3022487385 hasConcept C17744445 @default.
- W3022487385 hasConcept C18903297 @default.
- W3022487385 hasConcept C199539241 @default.
- W3022487385 hasConcept C2779060403 @default.
- W3022487385 hasConcept C34447519 @default.
- W3022487385 hasConcept C42248794 @default.
- W3022487385 hasConcept C44725695 @default.
- W3022487385 hasConcept C86803240 @default.
- W3022487385 hasConcept C91306197 @default.
- W3022487385 hasConcept C94625758 @default.
- W3022487385 hasConcept C98847204 @default.
- W3022487385 hasConceptScore W3022487385C100001284 @default.
- W3022487385 hasConceptScore W3022487385C111472728 @default.
- W3022487385 hasConceptScore W3022487385C118084267 @default.
- W3022487385 hasConceptScore W3022487385C133425853 @default.
- W3022487385 hasConceptScore W3022487385C138885662 @default.
- W3022487385 hasConceptScore W3022487385C162324750 @default.
- W3022487385 hasConceptScore W3022487385C17022365 @default.
- W3022487385 hasConceptScore W3022487385C175444787 @default.
- W3022487385 hasConceptScore W3022487385C17744445 @default.
- W3022487385 hasConceptScore W3022487385C18903297 @default.
- W3022487385 hasConceptScore W3022487385C199539241 @default.
- W3022487385 hasConceptScore W3022487385C2779060403 @default.
- W3022487385 hasConceptScore W3022487385C34447519 @default.
- W3022487385 hasConceptScore W3022487385C42248794 @default.
- W3022487385 hasConceptScore W3022487385C44725695 @default.
- W3022487385 hasConceptScore W3022487385C86803240 @default.
- W3022487385 hasConceptScore W3022487385C91306197 @default.
- W3022487385 hasConceptScore W3022487385C94625758 @default.
- W3022487385 hasConceptScore W3022487385C98847204 @default.
- W3022487385 hasIssue "Articles" @default.
- W3022487385 hasLocation W30224873851 @default.
- W3022487385 hasLocation W302248738510 @default.
- W3022487385 hasLocation W30224873852 @default.
- W3022487385 hasLocation W30224873853 @default.
- W3022487385 hasLocation W30224873854 @default.
- W3022487385 hasLocation W30224873855 @default.
- W3022487385 hasLocation W30224873856 @default.
- W3022487385 hasLocation W30224873857 @default.
- W3022487385 hasLocation W30224873858 @default.
- W3022487385 hasLocation W30224873859 @default.
- W3022487385 hasOpenAccess W3022487385 @default.
- W3022487385 hasPrimaryLocation W30224873851 @default.
- W3022487385 hasRelatedWork W1766691451 @default.
- W3022487385 hasRelatedWork W2001174513 @default.
- W3022487385 hasRelatedWork W2339413152 @default.
- W3022487385 hasRelatedWork W2370788404 @default.
- W3022487385 hasRelatedWork W2395244625 @default.
- W3022487385 hasRelatedWork W2553988536 @default.
- W3022487385 hasRelatedWork W2556809525 @default.
- W3022487385 hasRelatedWork W2739612906 @default.
- W3022487385 hasRelatedWork W2912881677 @default.
- W3022487385 hasRelatedWork W4241905028 @default.
- W3022487385 hasVolume "Volume IX Issue 1" @default.
- W3022487385 isParatext "false" @default.
- W3022487385 isRetracted "false" @default.
- W3022487385 magId "3022487385" @default.
- W3022487385 workType "article" @default.