Cover: Money for Nothing in HARDCOVER

Money for Nothing

Politicians, Rent Extraction, and Political Extortion

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Product Details


$78.00 • £62.95 • €70.00

ISBN 9780674583306

Publication Date: 05/30/1997


240 pages

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

15 line illustrations, 3 tables


  • Introduction
  • The Model
    • 1. Background: The Economic Theory of Regulation
    • 2. Rent Extraction: The Theory of Political Extortion
  • Demonstrations
    • 3. Observing Extortion: The Practice of Rent Extraction
    • 4. Validating the Model: Empirical Tests of Rent Extraction
    • 5. Contracting for Rent Preservation: The Durability Problem
  • Extensions
    • 6. Extraction and Optimal Taxation: Excises, Earmarked Taxes, and Government User Charges
    • 7. Costs and Benefits of Interest-Group Organization
    • 8. Improving the Model: Worthy Yet Unanswered Questions
  • Notes
  • References
  • Index

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