Posts Tagged James Buchanan

Priti Patel vs. Philip Rutnam: It’s in Britain’s interest that bureaucracy does not win

On March 4, 2020   /   Blog, Government, Paul Ormerod  
Priti Patel vs. Philip Rutnam: It’s in Britain’s interest that bureaucracy does not win

The reverberations around the resignation of Sir Philip Rutnam, the top civil servant at the Home Office, continue. Priti Patel, the home secretary, is receiving a barrage of abuse. Labour’s John McDonnell has pronounced that he cannot see how Patel could carry on. He raised the possibility

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Is the ‘rent-seeker’ dying out?

On September 12, 2013   /   Economic theory, GDP, Government Spending, Paul Ormerod, Public Policy, Taxation   /   Leave a comment

The concept of the “rent seeker” is one of the most valuable in the whole of economics. The activity of rent-seeking involves obtaining money by manipulating the social or political environment in which economic activity takes place, instead of getting paid for creating new wealth. It is

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