The Political Economy of Controls: American Sugar
AbstractThis paper outlines the salient characteristics of competing models of economic regulation and controls. It then examines the evolution of the American sugar program from 1934 to 1987 in the light of these models. While lobbying and other features of traditional models were clearly important, other elements also played a key role. In particular, a technocracy developed, and complexity of regulation served as an important factor perpetuating the sugar program. Similarly, lobbying and the role of vested interests was clearly important in the evolution of the program once it began but there was an element of ?accident? in the programs initiation. Once it existed, it became an instrument to be captured and used by politicians, technocrats, and economic interests alike.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2504.
Date of creation: Nov 1991
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- Gerber, David J, 1976. "The United States Sugar Quota Program: A Study in the Direct Congressional Control of Imports," Journal of Law and Economics, University of Chicago Press, vol. 19(1), pages 103-47, April.
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Journal of Political Economy,
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- J. Bhagwati & T. N. Srinivasan, 1979. "Revenue-Seeking: A Generalization of the Theory of Tariffs," Working papers 243, Massachusetts Institute of Technology (MIT), Department of Economics.
- Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, vol. 98(3), pages 371-400, August.
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