Name: Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics
Price: 23.20 EUR
Availability: InStock
Author: Adam Smith
ISBN: 9781939709363

portada Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics

Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics

Type

Physical Book

Author

Adam Smith

Bruce Yandle

Publisher

Cato Institute

Language

English

Pages

224

Format

Hardcover

Dimensions

23.5 x 16.2 x 2.2 cm

Weight

0.49 kg.

ISBN13

9781939709363

Synopsis "Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics"

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.

Adam Smith

(Author)

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Adam Smith (1723-1790) was a Scottish economist and philosopher, considered the father of modern economics. His work falls within the essay and economic philosophy, highlighting his analysis of the free market and the division of labor. He studied at the University of Glasgow and Oxford, developing ideas that would influence economic liberalism.

Among his main works is An Inquiry into the Nature and Causes of the Wealth of Nations (1776), known as The Wealth of Nations, a fundamental treatise in classical economics. He also wrote The Theory of Moral Sentiments (1759), where he explores ethics and human sympathy. His legacy remains fundamental in current economic and political thought.

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