Congress and the Rent-Seeking Society

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9780472106622: Congress and the Rent-Seeking Society



Skillfully blending historical data with microeconomic theory, Glenn Parker argues that the incentives for congressional service have declined over the years, and that with that decline has come a change in the kind of person who seeks to enter Congress. The decline in the attractiveness of Congress is a consequence of congressional careerists and of the growth in the rent-seeking society, a term which describes the efforts of special interests to obtain preferential treatment by using the machinery of government--legislation and regulations.

Parker provides a fresh and controversial perspective to the debate surrounding the relative merits of career or amateur politicians. He argues that driving career politicians from office can have pernicious effects on the political system: it places the running of Congress in the hands of amateur politicians, who stand to lose little if they are found engaging in illegal or quasi-legal practices. On the other hand, career legislators risk all they have invested in their long careers in public service if they engage in unsavory practices. As Parker develops this controversial argument, he provides a fresh perspective on the debate surrounding the value of career versus amateur politicians.

Little attention has been given to the long-term impact of a rent-seeking society on the evolution of political institutions. Parker examines empirically and finds support for hypotheses that reflect potential symptoms of adverse selection in the composition of Congress: (1) rent-seeking politicians are more inclined than others to manipulate institutional arrangements for financial gain; (2) the rent-seeking milieu of legislators are more likely to engage in rent-seeking activity than earlier generations; (3) and the growth of rent-seeking activity has hastened the departure of career legislators.

Glenn R. Parker is Distinguished Research Professor, Florida State University.

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Parker, Glenn R.
Published by University Of Michigan Press, Ann Arbor, MI (1996)
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Book Description University Of Michigan Press, Ann Arbor, MI, 1996. Hardcover. Book Condition: New. Dust Jacket Condition: New. 1st Edition. First edition 1996, first printing, numbers line starts with 1. Hardcover in full cloth with DJ. Condition new, square tight and crisp book, no edgewear, no markings of any kind, no names no underlinings no highlights no bent page corners, not a reminder, DJ new, bright and shiny, no edgewear, no tears no chips, not clipped. 8vo, 172 pages , bibliography, index. Bookseller Inventory # 000377

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Book Description The University of Michigan Press, United States, 1996. Hardback. Book Condition: New. Language: English . Brand New Book. Skillfully blending historical data with microeconomic theory, Glenn Parker argues that the incentives for congressional service have declined over the years, and that with that decline has come a change in the kind of person who seeks to enter Congress. The decline in the attractiveness of Congress is a consequence of congressional careerists and of the growth in the rent-seeking society, a term which describes the efforts of special interests to obtain preferential treatment by using the machinery of government--legislation and regulations. Parker provides a fresh and controversial perspective to the debate surrounding the relative merits of career or amateur politicians. He argues that driving career politicians from office can have pernicious effects on the political system: it places the running of Congress in the hands of amateur politicians, who stand to lose little if they are found engaging in illegal or quasi-legal practices. On the other hand, career legislators risk all they have invested in their long careers in public service if they engage in unsavory practices. As Parker develops this controversial argument, he provides a fresh perspective on the debate surrounding the value of career versus amateur politicians. Little attention has been given to the long-term impact of a rent-seeking society on the evolution of political institutions. Parker examines empirically and finds support for hypotheses that reflect potential symptoms of adverse selection in the composition of Congress: (1) rent-seeking politicians are more inclined than others to manipulate institutional arrangements for financial gain; (2) the rent-seeking milieu of legislators are more likely to engage in rent-seeking activity than earlier generations; (3) and the growth of rent-seeking activity has hastened the departure of career legislators. Glenn R. Parker is Distinguished Research Professor, Florida State University. Bookseller Inventory # AAN9780472106622

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Book Description The University of Michigan Press, United States, 1996. Hardback. Book Condition: New. Language: English . Brand New Book. Skillfully blending historical data with microeconomic theory, Glenn Parker argues that the incentives for congressional service have declined over the years, and that with that decline has come a change in the kind of person who seeks to enter Congress. The decline in the attractiveness of Congress is a consequence of congressional careerists and of the growth in the rent-seeking society, a term which describes the efforts of special interests to obtain preferential treatment by using the machinery of government--legislation and regulations. Parker provides a fresh and controversial perspective to the debate surrounding the relative merits of career or amateur politicians. He argues that driving career politicians from office can have pernicious effects on the political system: it places the running of Congress in the hands of amateur politicians, who stand to lose little if they are found engaging in illegal or quasi-legal practices. On the other hand, career legislators risk all they have invested in their long careers in public service if they engage in unsavory practices. As Parker develops this controversial argument, he provides a fresh perspective on the debate surrounding the value of career versus amateur politicians. Little attention has been given to the long-term impact of a rent-seeking society on the evolution of political institutions. Parker examines empirically and finds support for hypotheses that reflect potential symptoms of adverse selection in the composition of Congress: (1) rent-seeking politicians are more inclined than others to manipulate institutional arrangements for financial gain; (2) the rent-seeking milieu of legislators are more likely to engage in rent-seeking activity than earlier generations; (3) and the growth of rent-seeking activity has hastened the departure of career legislators. Glenn R. Parker is Distinguished Research Professor, Florida State University. Bookseller Inventory # AAN9780472106622

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Book Description The University of Michigan Press, United States, 1996. Hardback. Book Condition: New. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. Skillfully blending historical data with microeconomic theory, Glenn Parker argues that the incentives for congressional service have declined over the years, and that with that decline has come a change in the kind of person who seeks to enter Congress. The decline in the attractiveness of Congress is a consequence of congressional careerists and of the growth in the rent-seeking society, a term which describes the efforts of special interests to obtain preferential treatment by using the machinery of government--legislation and regulations. Parker provides a fresh and controversial perspective to the debate surrounding the relative merits of career or amateur politicians. He argues that driving career politicians from office can have pernicious effects on the political system: it places the running of Congress in the hands of amateur politicians, who stand to lose little if they are found engaging in illegal or quasi-legal practices. On the other hand, career legislators risk all they have invested in their long careers in public service if they engage in unsavory practices. As Parker develops this controversial argument, he provides a fresh perspective on the debate surrounding the value of career versus amateur politicians. Little attention has been given to the long-term impact of a rent-seeking society on the evolution of political institutions. Parker examines empirically and finds support for hypotheses that reflect potential symptoms of adverse selection in the composition of Congress: (1) rent-seeking politicians are more inclined than others to manipulate institutional arrangements for financial gain; (2) the rent-seeking milieu of legislators are more likely to engage in rent-seeking activity than earlier generations; (3) and the growth of rent-seeking activity has hastened the departure of career legislators. Glenn R. Parker is Distinguished Research Professor, Florida State University. Bookseller Inventory # BTE9780472106622

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