Bootleggers & Baptists
How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics
- 230 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Bootleggers & Baptists
How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics
About This Book
In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public. Yandle's theory asserts that regulatory "bootleggers" are parties taking political action in pursuit of economic gain. Regulatory "Baptists" are parties participating in group action driven by an avowed higher moral purpose or desire to serve the public interest.By examining major regulatory activities including Obamacare, the recent financial crisis bailouts, climate change legislation, and rules governing "sinful" substances, Bootleggers & Baptists reveals that lasting regulations require moral and financial advocacy to survive the American political process. With countless regulatory initiatives on the horizon, this book is a must-read for all who are concern about over-regulation and government intrusion in our daily lives.
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Table of contents
- COVER PAGE
- TITLE PAGE
- COPYRIGHT PAGE
- CONTENTS
- PREFACE
- 1. BOOTLEGGERS AND BAPTISTS: A WINNING COALITION
- 2. BOOTLEGGERS, POLITICIANS, AND PORK
- 3. WHY BAPTISTS?
- 4. SIN AND SUBSTANCE: WHO ARE THE REAL BOOTLEGGERS AND BAPTISTS?
- 5. THE ROCKY ROAD TO CLIMATE CHANGE LEGISLATION
- 6. TARP: A BOOTLEGGER WITHOUT A BAPTIST
- 7. OBAMACARE: TOO BIG TO PLAN (OR STOP!)
- 8. WHAT HAVE WE LEARNED? WHEN WILL IT END?
- APPENDIX: BOOTLEGGERS AND BAPTISTSâTHE EDUCATION OF A REGULATORY ECONOMIST
- NOTES
- REFERENCES