Bootleggers and Baptists by Adam Smith

Bootleggers and Baptists by Adam Smith

Policy analysts, academics, journalists, and even politicians lament the influence of money on politics. But in the political economy, politicians often carefully design regulations so that two very different interest groups will be satisfied. The Bootlegger and Baptist theory, an innovative public choice theory developed more than 30 years ago, holds that for a regulation to emerge and endure, both the bootleggers, who seek to obtain private benefits from the regulation, and the Baptists, who seek to serve the public interest, must support the regulation. Economists Adam Smith and Bruce Yandle provide an accessible description of the theory and cite numerous examples of coalitions of economic and moral interests who desire a common goal. The book applies the theory's insights to a wide range of current issues, including the recent financial crisis and environmental regulation, and provides readers with both an understanding of how regulation is a product of economic and moral interests and a fresh perspective on the ongoing debate of how special interest groups influence politics.

Bruce Yandle is alumni professor and Southern National Bank Scholar at Clemson University. He is the author of numerous books, including The Political Limits of Environmental Regulation, and co-editor of Taking the Environment Seriously (Rowman & Littlefield, 1995) and Land Rights: The 1990s Property Rights Rebellion (Rowman & Littlefield, 1995).

SKU	Non disponible
ISBN 13	9781939709363
ISBN 10	1939709369
Titre	Bootleggers and Baptists
Auteur	Adam Smith
État	Non disponible
Type de reliure	Hardback
Éditeur	Cato Institute
Année de publication	2014-09-07
Nombre de pages	224
Note de couverture	La photo du livre est présentée à titre d'illustration uniquement. La reliure, la couverture ou l'édition réelle peuvent varier.
Note	Non disponible