Bootleggers and Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics

by Adam Smith and Bruce Yandle

Book Overview

Policy analysts, academics, journalists, and even politicians lament the influence of money on politics. But in the political economy, politicians often carefully design regulations so that two very different interest groups will be satisfied. The Bootlegger and Baptist theory, an innovative public choice theory developed more than 30 years ago, holds that for a regulation to emerge and endure, both the "bootleggers," who seek to obtain private benefits...

• Format: Hardcover
• Language: English
• ISBN: 1939709369
• ISBN13: 9781939709363
• Release Date: September 2014
• Publisher: Cato Institute
• Length: 224 Pages
• Weight: 1.16 lbs.
• Dimensions: 0.9" x 6.4" x 9.3"