The Transfer Society
Paperback
- ISBN-10
- 1930865112
- ISBN-13
- 978-1930865112
- Product Author
- David N. Laband
Subtitle: Economic Expenditures on Transfer Activity
This book by David N. Laband and George C. McClintock makes a significant contribution to both political science and economics in terms a layman can understand.
That’s not a statement of the amount forcibly redistributed, but of the amount spent in effecting the forcible transfer of resources. And, as the authors show, this is a very conservative estimate of the dead-weight losses associated with the transfer society.
Through an ambitious cataloguing of different categories of expenditures on forced transfers and research into the amounts expended on each one, Laband and McClintock present a more complete picture of the effects of forced transfers than one would get from merely considering the aggregates of federal and state budgets or estimates of the amounts of wealth that change hands through the various forms of “freelance” redistribution, such as insurance fraud, theft, or extortion.
After a careful examination of the measurable forms of dead-weight losses, the authors conclude by noting that the numbers they present understate the magnitude of resource expenditure on transfer activity in the United States. Moreover, the authors discuss the important question of why, relative to the huge amounts of wealth transferred by government at all levels, there is so little observable and measurable expenditure on effecting transfers.
This book both poses problems and offers solutions to important issues in economics and political science.




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