Abstract
Let me start with a quotation familiar to some of you: “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” The same author went on to say with some irony, “We are not ready to suspect any person of being defective in selfishness.” These are statements by Adam Smith, the founder of modern economics. The first statement is from the greatest book ever written on economics, called The Wealth of Nations, the second from a good book called The Theory of Moral Sentiments.
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© 1989 Kluwer Academic Publishers
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Becker, G.S. (1989). Political Competition among Interest Groups. In: Shogren, J.F. (eds) The Political Economy of Government Regulation. Topics in Regulatory Economics and Policy Series, vol 4. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-0871-3_2
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DOI: https://doi.org/10.1007/978-1-4613-0871-3_2
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