Fred Foldvary wrote:
> The median voter theroem is not supposed to explain all legislation, since
> public choice theory also states that there will be rent seeking and
> privelege seeking by concentrated interests at the expense of the general
> public.
I'm highly dissatisfied with interest group explanations. Simple
reason: Most of the policies traditionally blamed on interest groups are
in fact *popular*. Adoption laws seem like a case where existing
policies are not popular, though perhaps I'm wrong on that count.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He was thinking that Prince Andrei was in error and did not see the
true light, and that he, Pierre, ought to come to his aid, to
enlighten and uplift him. But no sooner had he thought out what he
should say and how to say it than he foresaw that Prince Andrei,
with one word, a single argument, would discredit all his teachings,
and he was afraid to begin, afraid to expose to possible ridicule
what he cherished and held sacred."
Leo Tolstoy, *War and Peace*
