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26-05-2018 | Issue 1-2/2019

Public Choice 1-2/2019

Rent-seeking in the classroom and textbooks: Where are we after 50 years?

Journal:
Public Choice > Issue 1-2/2019
Authors:
Joshua Hall, Josh Matti, Amir B. Ferreira Neto

Abstract

In this paper, we provide an overview of the influence of Tullock’s work on rent-seeking in the area of economics education. After summarizing the basic rent-seeking model in both a domestic and international context, we conduct an analysis of undergraduate and graduate textbooks in public economics. We find a majority of undergraduate texts cover rent-seeking in depth, but two texts provide zero coverage. No graduate textbook surveyed mentions rent-seeking. We conclude by summarizing the economic education literature on rent-seeking, which can be divided into either classroom experiments or popular culture examples.

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