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Cover Art
Author McChesney, Fred S., 1948-

Title Money for nothing : politicians, rent extraction, and political extortion / Fred S. McChesney.

Published Cambridge, Mass. : Harvard University Press, 1997.


Location Call No. Status
 UniM Bail  364.1323 MCCH    AVAILABLE
Physical description xi, 216 pages : illustrations ; 25 cm
Bibliography Includes bibliographical references (pages 197-210) and index.
Contents 1. Background: The Economic Theory of Regulation -- 2. Rent Extraction: The Theory of Political Extortion -- 3. Observing Extortion: The Practice of Rent Extraction -- 4. Validating the Model: Empirical Tests of Rent Extraction -- 5. Contracting for Rent Preservation: The Durability Problem -- 6. Extraction and Optimal Taxation: Excises, Earmarked Taxes, and Government User Charges -- 7. Costs and Benefits of Interest-Group Organization -- 8. Improving the Model: Worthy yet Unanswered Questions.
Summary Surveys reveal that a majority of Americans believe government is run for special interests, not public interest. The increased presence and power of lobbyists in Washington and the excesses of PAC and campaign contributions, in-kind benefits, and other favors would seem to indicate a government of weak public servants corrupted by big private-interest groups.
Subject Bribery -- Economic aspects.
Extortion -- Economic aspects.
Lobbying -- Economic aspects.
Pressure groups -- Economic aspects.
Political corruption -- Economic aspects.
ISBN 0674583302 (alk. paper)