Abstract

https://ssrn.com/abstract=1538601
 


 



Maximizing Behavior & Market Forces: The Microfoundations of Spontaneous Order Theorizing in Gordon Tullock's Contributions to Smithian Political Economy


Peter J. Boettke


George Mason University - Department of Economics

2008

Public Choice, Vol. 135, No. 1-2, pp. 3-10, 2008

Abstract:     
The author explores the microfoundations of Gordon Tullock's contributions to political economy and argue that his approach is consistent with the "invisible hand" theorizing of Adam Smith. While Smith (and Hayek) are celebrated for their emphasis on the "bright-side" of spontaneous social cooperation, Tullock emphasized the "dark-side" of social processes when the incentives are perverse and information is distorted. By explicating the microfoundations of Tullock's rendering of Smithian political economy this paper will set the stage for reassessment of Tullock as a spontaneous order theorist.

Number of Pages in PDF File: 8

JEL Classification: B31, D70


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Date posted: January 19, 2010  

Suggested Citation

Boettke, Peter J., Maximizing Behavior & Market Forces: The Microfoundations of Spontaneous Order Theorizing in Gordon Tullock's Contributions to Smithian Political Economy (2008). Public Choice, Vol. 135, No. 1-2, pp. 3-10, 2008. Available at SSRN: https://ssrn.com/abstract=1538601

Contact Information

Peter J. Boettke (Contact Author)
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)
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