Tagged: rent-seeking

Competing for Aid - The Dismal Science

Eric Crampton Oct 02, 2013

Don't give money to mutilated children if you want to discourage child mutilation. Sounds terrible? It's true. At least in places where it's plausible that money induces mutilation. Gordon Tullock explained the basic principle in his 1967 article, The Welfare Costs of Tariffs, Monopoly and Theft. Where there is some rent available, real resources will be devoted to attracting the … Read More