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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.
Nuf-nuf! Educational AND fun for hours and hours! For kids ages 9 to 109. Large print. Word games, picture puzzles, logic puzzles, riddles, mazes, and more. 250 pages packed with intriguing and challenging puzzles! Journey through The World of Magic, Ancient Worlds, Future Worlds, the World Around You, the World of Words, the World of Logic, the World of Strange Things, and the World of Wise Things. New friends are there to help you on your way. Meet the gnome Walton Dalton, Drago the dragon, Princess Leela, Elvish the Elf, and the Tricky Troll brothers. Watch out for the Wizard of Words... he sneaked in dozens of Wizard Words for you to solve. Attend a holiday party, two password parties, and try some tricky brain teasers on for size. Make a paper airplane that can fly, a cup that can hold water, and fold an epic origami crane to amaze your friends and family. Put on your detective hat and solve mysteries: The Case of the Mi$$ing Money, Devious Dognappers, Burglary in the Millionaire's Mansion, and more. Wind your way through a maze of pyramids, a forest, an ancient castle, and outer space! Most of all... have lots of fun while learning new things. Nuf-Nuf!
Contrary to popular belief, economic growth is not the antithesis of environmental quality; rather, the two go hand in hand if the incentives are right. The author shows how, by developing and protecting the institutions of freedom rather than regulating human use of natural resources through political processes, we can have our environmental cake and eat it too.
The unicorn in the title of this microeconomic critique of pollution control refers to the tension between environmentalists who seek to create a risk-free society and those who perceive the need to balance economic efficiency and productivity against the effects of pollution. Yandle sides with the latter group, characterizing the proponents of the environmental revolution responsible for the massive diversion of resources to pollution control as sometimes overzealous romantics. Though he agrees with conservatives such as M. Weidenbaum, R. Litan, and W. Nordhaus, who argue that the costs of complying with environmental standards outweigh their social benefit, Yandle is sensitive to the political context of environmental rule-setting that produces the unicorn. He cites competing pressures upon Congress, as well as conflicts and unusual coalitions among environmental groups as reasons for the durability of the "unicorn." ISBN 0-89930-431-1: $39.95.
The Technology of Property Rights combines the understanding of institutions and institutional change with a discussion of the latest technologies and their influence on the measurement and monitoring of property rights. The contributors analyze specific applications for fisheries, whales, water quality, various pollutants, as well as other pressing environmental issues. No other work brings together an economic understanding of environmental issues with technological expertise in the way this volume does.
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'Political science has leap-frogged law, economics, and sociology to become the dominant discipline contributing to regulatory studies. David Levi-Faur's volume taps the rich veins of regulatory scholarship that have made this the case. It brings together the talented new network of politics scholars intrigued by the importance of the changing nature of state and non-state regulation. Their fresh insights complement important new work by established stars of the field. Definitely a book to have on your shelf when in search of exciting theoretical approaches to politics.' – John Braithwaite, Australian National University '"Regulation", in its manifold forms, is the central process of conte...
Hundreds of hazardous waste sites are on the Superfund National Priority List in the United States, and thousands more could become eligible. The Superfund has spent or ordered the spending of billions of dollars, with little apparent impact on human health risks. While public perception of the real or imagined hazardous nature of consumer and industrial substances has resulted in widespread attention to the issue, lawsuits have proliferated with liability aimed at "deep pockets" instead of individual agents who may be responsible. Contributors to Cutting Green Tape carefully examine the existence and severity of the toxic harms and liability problem, the erosion of a clear tort legal system...