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Public Choice Theory

The idea that the people who run governments, courts, and legislatures are the same kind of people as those who run businesses or households. Some people want money. Some want power. But everyone who spends a lifetime competing for power wants to use it for something. 

Bootleggers and Baptists

In this video Prof. Bruce Yandle explains the idea behind the Bootleggers and Baptists theory of government regulation.

Giving Away Money Costs More Than You Think

When people compete for grants, subsidies, and other government handouts, economists see a phenomenon called rent seeking.

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