Ayn Rand, Economic/Political General Equilibrium Theorist

Monday, February 28th, 2005

Bryan Caplan looks at Ayn Rand, Economic/Political General Equilibrium Theorist:

Atlas came out in 1957, and it’s got more about rent-seeking than the next 15 years of public choice scholarship. As I explain in Atlas Shrugged and Public Choice: The Obvious Parallels:
Each piece of legislation [in Atlas] has the following components:
  1. A public-interest rationale.
  2. Supportive interest groups with a hidden financial agenda.
  3. Negative consequences for the general public.

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