Background
Magee, Stephen Pat was born on March 17, 1943 in Wichita, Kansas, United States. Son of Lawrence Patrick and Edna Willard (Brock) Magee.
(This book provides a special interest theory of protectio...)
This book provides a special interest theory of protection, developing a full general equilibrium theory that explains the distribution of income with goods markets, factor markets, lobbies, political parties, and voters all pursuing their self interest. This probabilistic voting model shows how well-organized groups can use seemingly irrational government policies to exploit poorly organized groups. Given rational predatory behavior between these groups, protection or any other redistributive policy that improves the chances of election of a party increases political efficiency. This can create an economic black hole, conditions under which an entire economy can disappear into lobbying. Paradoxically, the tariff rates accompanying an economic black hole are very low. The economic waste is confined to lobbying costs. The book contains both theoretical and empirical work explaining protection in the United States (1900-1988) and levels of protection in about sixty foreign countries in the 1980s.
http://www.amazon.com/gp/product/0521377005/?tag=2022091-20
finance professor economics professor
Magee, Stephen Pat was born on March 17, 1943 in Wichita, Kansas, United States. Son of Lawrence Patrick and Edna Willard (Brock) Magee.
Bachelor in Economics, Texas Technology University, 1965. Master of Arts in Economics, Texas Technology University, 1966. Doctor of Philosophy in Economics, Massachusetts Institute of Technology, 1969.
Assistant professor, University of California, Berkeley, 1969-1971;
associate professor, University of Chicago, 1971-1976;
economist, The White House, Washington, 1972-1973;
research fellow, Brookings Institutions, Washington, 1973-1974;
professor finance and economics, University Texas, Austin, since 1976;
chairman finance, University Texas, Austin, 1980-1984;
McDermott professor, University Texas, Austin, 1980-1984;
Fred H. Moore professor, University Texas, Austin, 1984-1992;
Charles and Sarah Seay professor, University Texas, Austin, 1992-1994;
Bayless/Enstar Corporation chairholder, since 1994. Member economics advisory board United States Secretary Commerce, Washington, 1978-1979, National Science Foundation, 1979. Expert witness Mesa Petroleum, Avis Rent-a-Car, El Paso Natural Gas, Kodak, Proctor & Gamble, AB Dick, Exxon.
Academic lecturer in 11 foreign countries for United States government, 1977-1988. Visiting professor business University of Chicago, 1990-1991. Expert effects of lawyers on United States economy.
(This book provides a special interest theory of protectio...)
Captain United States National Soccer Champions, 1999—2002, 2005—2008.
Married Naneska Nall, August 20, 1965 (divorced December 1987). Children: Christopher Sean Patrick, Theodore Parker. Married Frances Jean Toepperwein, July 28, 1988.