Dennis Mueller Quotes

Dennis Cary Mueller is Emeritus Professor of Economics at the University of Vienna. His academic work focused on the principal–agent problem, corporate governance and political economy. Wikipedia  

✵ 13. June 1940
Dennis Mueller: 4   quotes 0   likes

Famous Dennis Mueller Quotes

“Gordon Tullock, on the other hand, might be characterized as the somewhat cynical pragmatist, who set out to understand the world, not to change it. This side of Tullock is visible in his early paper on simple majority rule, and is perhaps most apparent in his work on rent seeking. These differences should not be pushed too far, however. Buchanan (1980) also contributed to the rent-seeking literature, and often has described public choice as “politics without romance.” One of the most dispiriting contributions to the public choice literature has to be Kenneth Arrow’s (1951) famous impossibility theorem. In a too little appreciated article, Tullock (1967b) demonstrated with the help of a somewhat torturous geometrical analysis, that the cycling that underlies the impossibility theorem is likely to be constrained to a rather small subset of Pareto-optimal outcomes, and thus Arrow’s theorem was “irrelevant,” a rather happy result, and one which anticipated work appearing more than a decade later on the uncovered set. In Chap. 10 of Toward a Mathematics of Politics, Tullock (1967a) engages in a bit of wishful thinking about constitutional design by describing how one could achieve an ideal form of proportional representation in a legislative body. He also was an early enthusiast of the potential for using a demand-revelation process to reveal individual preferences for public goods”

Tideman and Tullock 1976
James Buchanan, Gordon Tullock, and The Calculus (2012)

Similar authors

Thomas J. Sargent photo
Thomas J. Sargent 10
American economist
Paul A. Samuelson photo
Paul A. Samuelson 47
American economist
Theodore Schultz photo
Theodore Schultz 15
American economist
Douglass C. North photo
Douglass C. North 18
American Economist
Paul Krugman photo
Paul Krugman 106
American economist
Jan Tinbergen photo
Jan Tinbergen 21
Dutch economist
John Maynard Keynes photo
John Maynard Keynes 122
British economist
Kenneth Arrow photo
Kenneth Arrow 37
American economist
Wassily Leontief photo
Wassily Leontief 10
Russian economist
James Tobin photo
James Tobin 22
American economist