Cover: Money for Nothing in HARDCOVER

Money for Nothing

Politicians, Rent Extraction, and Political Extortion

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Product Details


$80.50 • £64.95 • €72.50

ISBN 9780674583306

Publication Date: 05/30/1997


240 pages

6-1/8 x 9-1/4 inches

15 line illustrations, 3 tables


McChesney has kept his study concise and easygoing despite including technical economic analysis. He has a fine sense of humor, reflected in the witty epigrams at the start of each chapter and the occasional cartoon that he has included… As one of the first economists to study in depth how private parties make payments to avoid regulation, McChesney has broken new ground and written a provocative book.—Gregory E. Maggs, The Green Bag

Sherlock Holmes is not the only sleuth who detected the significance of the dog that did not bark. In his important book on rent extraction, Fred McChesney outlines with theoretical rigor, and demonstrates with concrete evidence and pointed anecdotes, the politician’s pastime of threatening harmful legislation to extract political contributions from well-heeled private institutions. Everyone now knows the dangers of excessive government regulation. Now McChesney demonstrates that even when the political waters seem still, powerful forces are at work beneath the surface. Only those who are satisfied with the present political process can afford to ignore McChesney’s sobering contribution on the dangers of big government.—Richard A. Epstein, University of Chicago

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