The Economic Theory of Bureaucracy: Insights from the Niskanian Model and the Misesian Approach
Governmental interventions in the economy take numerous forms, and they require the existence of a public authority, a bureaucracy, to implement them.
Governmental interventions in the economy take numerous forms, and they require the existence of a public authority, a bureaucracy, to implement them.
Every economist who regards himself or herself as a free-market theorist and advocate should acquire, read, and retain this paean to planning and interventionism as a valuable reference—especially if he or she is also a political libertarian.
Bureaucracy may denote either a means of management, or a particular kind of organization. Characteristics of such organizations include the existence of a discretionary budget
Couch and Shughart’s book brings together a number of public-choice studies by other authors which have appeared in various journals, but have never been formally connected to each other in a single book.
The Bias Against Guns is overall a less technical book than More Guns, Less Crime, but in its later chapters, quite a few portions are still way over the heads of most laypersons.
Yergin and Joseph Stanislaw have produced a book that is fundamentally optimistic that markets will continue to be the driving force behind world events, and that price decision-making will eventually prevail over political decision-making.
I appreciate the fact that the author attempts to construct logical rather than mathematical arguments, as seems to be the disease that has struck most of the economics profession at the present time.
Some years ago in Modern Age (Winter, 1958-59). in a poem dedicated to Robert A.
A characteristic feature of modern civilization is the steady growth of government.1 This government growth occurs under two forms: either through
The point to be emphasized in this paper is that if one starts with a different view of efficiency and market optimality, an entirely different set