Political Capitalism : How Political Influence Is Made and Maintained (9781108596121) by Holcombe Randall G

Author:Holcombe, Randall G.
Language: eng
Format: epub
Publisher: Cambridge Univ Pr
Published: 2018-05-22T00:00:00+00:00

3 One interesting note is that Tullock does not refer to these transitional gains as rents. The term rents was initially used by Krueger in her paper published in 1974, a year prior to Tullock’s “Transitional Gains Trap” paper. Also, Tullock never refers to his earlier paper, “The Welfare Cost of Tariffs, Monopolies, and Theft,” Western Economic Journal 5 (June 1967), pp. 224–232, in his transitional gains trap paper. He does refer to his book, Toward a Mathematics of Politics (Ann Arbor: University of Michigan Press, 1967) published in the same year as his “Welfare Cost” article. It may be that he did not recognize the close relationship between the two articles as he was writing the second one.

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