“ What McCormick, Shughart, and Tollison argued is that if Tullock’s argument is correct, then rent-seeking is a sunk cost.”
This fabulously blended paraphrase is worth the price of admission. I probably has this packed away in my brain as a rats nest, but here you go, as usual, making things eloquently easy. :)
Minor typo: In the 3rd paragraph under Crime on the Court, I think “If more policy...” should be “If more police...”
Fixed. Thanks!
“ What McCormick, Shughart, and Tollison argued is that if Tullock’s argument is correct, then rent-seeking is a sunk cost.”
This fabulously blended paraphrase is worth the price of admission. I probably has this packed away in my brain as a rats nest, but here you go, as usual, making things eloquently easy. :)
Thanks!