The Political Economy of the Rent-Seeking Society Revisited is a book written by Anne Osborn Krueger, a prominent economist known for her research in the field of rent-seeking and political economy. The book is a revision of her original 1974 book "The Political Economy of the Rent-Seeking Society" and it provides a comprehensive and detailed analysis of the political economy of rent-seeking and its implications for economic policy and analysis.
The book begins by introducing the basic concepts of rent-seeking, such as economic rent, lobbying and regulation. It then goes on to cover a range of topics in the political economy of rent-seeking, including the historical evolution of rent-seeking, the role of institutions in shaping rent-seeking outcomes, and the current challenges facing rent-seeking in the contemporary world.
One of the key contributions of the book is Krueger's examination of the political economy of rent-seeking and the ways in which it has been shaped by economic, political, and social factors. She provides a detailed analysis of the institutional and policy framework of rent-seeking and its impact on economic growth and development.
The book also examines the implications of rent-seeking for economic policy and analysis, particularly for the design of institutions and regulations. Krueger provides a balanced and objective analysis of the benefits and costs of different policy options, and she encourages the reader to consider the trade-offs involved in policy decisions.
The Political Economy of the Rent-Seeking Society Revisited is considered a comprehensive and influential analysis of the political economy of rent-seeking and its implications for economic policy and analysis. It is widely used as a textbook in university courses and it is considered a valuable resource for students, scholars, and anyone interested in understanding the political economy of rent-seeking.
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