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The State as an Interest Group: The Economic Logic of Wielding Power

Hans C. Blomqvist and Mats Lundahl

Chapter 12 in The Distorted Economy, 2002, pp 199-223 from Palgrave Macmillan

Abstract: Abstract As we have seen in the preceding chapters, government interventions in the market tend to create distortions and excess profits, which special interests try to capture. There are also incentives for various groups in the economy to join forces and try to secure favours by persuading the state to introduce distorting policy measures.

Keywords: Private Sector; Public Sector; Interest Group; Public Choice; National Income (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-1434-7_12

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DOI: 10.1057/9781403914347_12

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