|
||
Intermarkets' Privacy Policy Support
Donate to Ace of Spades HQ! Recent Entries
Emails, Calendars Reveal Jeffrey Epstein's Circle of Trust
Media Admits: The Little Mermaid Reboot May Not Even Break Even Mental and Emotional GAINZZZ The Daily Wire Takes Up Elon Musk's Offer to Use Twitter As if It is a Free Speech Platform and Exhibit the Film What Is a Woman? -- But Twitter Employees Demand the Film be Censored, or Face Being Labeled "Hate Speech" and Shadowbanned Tara Reade: The Biden DOJ Openend An Investigation Into Me In 2020, and May Indict Me At Any Time JustTheNews.com: Previously Hidden January 6th Video Shows Nancy Pelosi Continuing to Work With Her Daughter On Her "Documentary" at the Time She Claims She Was Terrified By Dangerous "Insurrectionists" THE MORNING RANT: Happy Mid-Morning Art Thread The Morning Report — 6/2/23 Daily Tech News 2 June 2023 Absent Friends
westminsterdogshow 2023
Ann Wilson(Empire1) 2022 Dave In Texas 2022 Jesse in D.C. 2022 OregonMuse 2022 redc1c4 2021 Tami 2021 Chavez the Hugo 2020 Ibguy 2020 Rickl 2019 Joffen 2014 Cutting The Cord And Email Security
Moron Meet-Ups
NoVaMoMe 2023:
06/10/2023
Registration closes May 31st. Texas MoMe 2021: 10/2o/2023-10/21/2023 Corsicana,TX Contact Ben Had for info |
« Charles Krauthammer: The Meaning Of The Hagel Nomination |
Main
| Liberal Jay Rockefeller to Finally Retire in 2014, Creating Opening for Conservative Win in West Virginia »
January 11, 2013
James Buchanan, Leading Proponent of Public-Choice Theory, RIPFrom CBD in the sidebar, Buchanan developed a theory which probably strikes you now as common sense but at one time was controversial. The economic school he founded, known as public-choice theory, casts a skeptical eye on government officials and bureaucrats and points out that their work might serve the public less than a very private enterprise. Previously economists had not studied the operations of government (at least not using the economic tools and assumptions of each person seeking to maximize his own wealth/power), believing government to be outside the scope of economic analysis. This cleared the field, at least intellectually, for political scientists to consider public policy choices in the same terms that politicians described them, that is, sanctimoniously, romantically, with the assumption that any public policy choice was about "the good." Buchanan rejected that and applied the assumptions of economics -- political actors are self-concerned and act to maximize their own position -- and thus demystified and demythologized the Great Men of Politics, as conventional academic thought would term them. I have always wondered whether Buchanan turned to the study of sanctimonious government officials and their interests because he spent time in graduate school on the South Side of Chicago in the late 1940s (the neighborhood where I was later born). Hyde Park was lively, but uneven. Little shops along 55th Street, just north of the university, might thrive, but poor black migrants crowded together in apartments with insufficient heat during the city’s tough winters. It seems an obvious point now -- so obvious it doesn't even seem like it needs a full-fledged economic theory to support it -- but in fact he had to depart one university (the University of Virginia) because his heresies bothered the other professors there, who were thralls in the Cult of the Kennedys. Per Wikipedia, the concept of "rent-seeking" flowed out of the public-choice school (though I don't know if Buchanan himself developed it, or if it was developed by other economists working on the theory): A field that is closely related to public choice is "rent-seeking". This field combines the study of a market economy with that of government. Thus, one might regard it as a "new political economy." Its basic thesis is that when both a market economy and government are present, government agents provide numerous special market privileges. Both the government agents and self-interested market participants seek these privileges in order to partake in the resulting monopoly rent. When such privileges are granted, they reduce the efficiency of the economic system. In addition, the rent-seekers use resources that could otherwise be used to produce goods that are valued by consumers. Again, very obvious... in retrospect. But there once was a world in which liberal academics took the claims of liberal politicians at face value. Um.... I guess it's the same today. So putting it a different way: There once was a world in which liberal academics took the sanctimonious claims of liberal politicians at face value, and wasn't even any minority, contrarian theory to oppose them. | Recent Comments
InZona:
"He was great up until "Manhattan", and then decide ..."
Fool Me Once: "Pertaining to nothing ... I survived two hours out ..." Christopher Taylor [/i][/i][/s][/s][/b][/b][/u][/u]: "[i]Brian DePalma. Not even close.[/i] He was ca ..." Chuck Martel: "147 She's really young for me, but I have always h ..." Ben Had: "The appetite for this perversion did not go away ..." Blanco Basura - Z28.310: "[i]Be prepared to have mind blown: the address sho ..." Oschisms: "Also, Kubrick was losing his daughter to the Scien ..." J. Frank Parnell: "101 Allen, the most overrated director? There is a ..." lin-duh: "oh, sponge... I have a picture of you doing that t ..." davidt: "A shoe that hasn't dropped yet... human sacrifice. ..." Eromero: "@ 129 WTAF? ..." Christopher Taylor [/i][/i][/s][/s][/b][/b][/u][/u]: "She's really young for me, but I have always had a ..." Recent Entries
Emails, Calendars Reveal Jeffrey Epstein's Circle of Trust
Media Admits: The Little Mermaid Reboot May Not Even Break Even Mental and Emotional GAINZZZ The Daily Wire Takes Up Elon Musk's Offer to Use Twitter As if It is a Free Speech Platform and Exhibit the Film What Is a Woman? -- But Twitter Employees Demand the Film be Censored, or Face Being Labeled "Hate Speech" and Shadowbanned Tara Reade: The Biden DOJ Openend An Investigation Into Me In 2020, and May Indict Me At Any Time JustTheNews.com: Previously Hidden January 6th Video Shows Nancy Pelosi Continuing to Work With Her Daughter On Her "Documentary" at the Time She Claims She Was Terrified By Dangerous "Insurrectionists" THE MORNING RANT: Happy Mid-Morning Art Thread The Morning Report — 6/2/23 Daily Tech News 2 June 2023 Search
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Primary Document: The Audio
Paul Anka Haiku Contest Announcement Integrity SAT's: Entrance Exam for Paul Anka's Band AllahPundit's Paul Anka 45's Collection AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings) George Bush Slices Don Rumsfeld Like an F*ckin' Hammer Top Top Tens
Democratic Forays into Erotica New Shows On Gore's DNC/MTV Network Nicknames for Potatoes, By People Who Really Hate Potatoes Star Wars Euphemisms for Self-Abuse Signs You're at an Iraqi "Wedding Party" Signs Your Clown Has Gone Bad Signs That You, Geroge Michael, Should Probably Just Give It Up Signs of Hip-Hop Influence on John Kerry NYT Headlines Spinning Bush's Jobs Boom Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?" Signs that Paul Krugman Has Lost His Frickin' Mind All-Time Best NBA Players, According to Senator Robert Byrd Other Bad Things About the Jews, According to the Koran Signs That David Letterman Just Doesn't Care Anymore Examples of Bob Kerrey's Insufferable Racial Jackassery Signs Andy Rooney Is Going Senile Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance Collective Names for Groups of People John Kerry's Other Vietnam Super-Pets Cool Things About the XM8 Assault Rifle Media-Approved Facts About the Democrat Spy Changes to Make Christianity More "Inclusive" Secret John Kerry Senatorial Accomplishments John Edwards Campaign Excuses John Kerry Pick-Up Lines Changes Liberal Senator George Michell Will Make at Disney Torments in Dog-Hell Greatest Hitjobs
The Ace of Spades HQ Sex-for-Money Skankathon A D&D Guide to the Democratic Candidates Margaret Cho: Just Not Funny More Margaret Cho Abuse Margaret Cho: Still Not Funny Iraqi Prisoner Claims He Was Raped... By Woman Wonkette Announces "Morning Zoo" Format John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia World Muslim Leaders Apologize for Nick Berg's Beheading Michael Moore Goes on Lunchtime Manhattan Death-Spree Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears Liberal Economists Rue a "New Decade of Greed" Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility Intelligence Officials Eye Blogs for Tips They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq Leather-Clad Biker Freaks Terrorize Australian Town When Clinton Was President, Torture Was Cool What Wonkette Means When She Explains What Tina Brown Means Wonkette's Stand-Up Act Wankette HQ Gay-Rumors Du Jour Here's What's Bugging Me: Goose and Slider My Own Micah Wright Style Confession of Dishonesty Outraged "Conservatives" React to the FMA An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear The Story the Rightwing Media Refuses to Report! Our Lunch with David "Glengarry Glen Ross" Mamet The House of Love: Paul Krugman A Michael Moore Mystery (TM) The Dowd-O-Matic! Liberal Consistency and Other Myths Kepler's Laws of Liberal Media Bias John Kerry-- The Splunge! Candidate "Divisive" Politics & "Attacks on Patriotism" (very long) The Donkey ("The Raven" parody) |