- Author : Richard E. Wagner
- Publsiher : Edward Elgar Publishing
- Release : 26 February 2016
- ISBN : 9781785365485
- Page : 256 pages
- Rating : 4/5 from 21 voters
Download or read book entitled Politics as a Peculiar Business written by Richard E. Wagner and published by Edward Elgar Publishing online. This book was released on 26 February 2016 with total pages 256. Available in PDF, EPUB and Kindle. Get best books that you want by click Get Book Button and Read as many books as you like.
Book Excerpt : Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.