Congress and the Rent-Seeking Society - Hardcover

Parker, Glenn R.

Hardcover

ISBN 10: 0472106627 ISBN 13: 9780472106622

Publisher: University of Michigan Press, 1996

Synopsis

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.

About this title

About the Author:

Glenn R. Parker is a Distinguished Research Professor at Florida State University.

About this edition

• Publisher: University of Michigan Press
• Publication date: 1996
• ISBN 10: 0472106627
• ISBN 13: 9780472106622
• Binding: Hardcover
• Edition number: 1
• Number of pages: 184