According to a recent survey, a large majority of the members of the American Economic Association believes that special interests play a major role in policy formulation. John Maynard Keynes may have been closer to the truth, however, when he wrote, it is ideas, not vested interests, which are dangerous for good or evil.
The Modern Growth of Government Springs More from Ideas Than from Vested Interests
By Slavisa Tasic
This
article
appeared in
the Spring 2010 issue of The Independent Review.
Bureaucracy and GovernmentEconomic History and DevelopmentEconomyGovernment and PoliticsGovernment PowerGovernment Waste/PorkLaw and LibertyPolitical HistoryPolitical TheoryPublic ChoiceThe Nanny State