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Quote by Gordon Tullock

“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.”

Book:The economics of politics

Work

The economics of politics

This book delves into the relationship between political systems and economic theories, analyzing how political decisions impact economic outcomes and how economic factors influence political behavior. more

Author

Gordon Tullock

Gordon Tullock was a renowned economist known for his contributions to public choice theory, property rights theory, and political economics. He was born on February 13, 1922, and passed away on November 3, 2014. more

“A much more radical conclusion . . . that, so far as I know, is shared by only a very few students of public choice [is]: that government employees or people who draw the bulk of their income from government by other means should be deprived of the vote . . . It is another example of the opening up of alternatives for investigation and the presentation of new conceivable policy options characteristic of public choice, rather than a policy that all its students favor.”