Gordon Tullock Famous Quotes
Reading Gordon Tullock quotes, download and share images of famous quotes by Gordon Tullock. Righ click to see or save pictures of Gordon Tullock quotes that you can use as your wallpaper for free.
I believe I have demonstrated that the voters are characteristically ill-informed when voting on reducing social costs. Furthermore, their primary concern is with wealth transferred to themselves, rather than with social cost efficiency. Logically, this would mean that democratic government would be inefficient in reducing social costs.
No doubt exists that rent seeking in general leads to serious inefficiencies in this direct sense, but its indirect damage is even worse. Drawing the bulk of intelligent and energetic people in society into activity that has no social product, or may have a negative social product, is more important in explaining the stagnation of these societies than the direct social cost of the rent seeking.
Characteristically, however, the overthrow of the dictator simply means that there will be another dictator ... the policies they follow will probably not be radically different. If we look around the world, we quickly realize that these policies will not be radically different from those that would be followed by a democracy either.
