That would make for a good conversation over strong coffee with Mr UD … whether there is any comprehensive reform that takes away the tendency of people to seek rents in the setting of a High Modern state that generates a lot of rents.
Stephen: Mr UD just gave me a mini lecture on the subject. Basic takeaway – People are always going to be corrupt and greedy, so it’s a question of the extent to which you can have a less corrupt country than other countries. Some libertarians argue that part of the answer is a very simplified state with far fewer moving parts, thus offering less opportunity for secrecy and greed. There’s codification of laws (he cited Ted Lowi here), and transparency in general…
Good evening back at the both of you, that is the Readers Digest Condensed Version. Richard Epstein’s Simple Rules for a Complex World makes similar points. Fewer opportunities to obfuscate, fewer opportunities to seek rents.
October 9th, 2019 at 5:36PM
That would make for a good conversation over strong coffee with Mr UD … whether there is any comprehensive reform that takes away the tendency of people to seek rents in the setting of a High Modern state that generates a lot of rents.
October 9th, 2019 at 6:43PM
Stephen: Mr UD just gave me a mini lecture on the subject. Basic takeaway – People are always going to be corrupt and greedy, so it’s a question of the extent to which you can have a less corrupt country than other countries. Some libertarians argue that part of the answer is a very simplified state with far fewer moving parts, thus offering less opportunity for secrecy and greed. There’s codification of laws (he cited Ted Lowi here), and transparency in general…
October 9th, 2019 at 10:32PM
Good evening back at the both of you, that is the Readers Digest Condensed Version. Richard Epstein’s Simple Rules for a Complex World makes similar points. Fewer opportunities to obfuscate, fewer opportunities to seek rents.