An analysis of private interest groups illustrating a pattern of political reciprocity that McChesney (law, Emory U.) terms ＂rent extraction.＂ The author poses a simple thesis, demonstrating
how private parties pay politicians not to expropriate private wealth, thus paying ＂rent＂ for their money. The author tests his model with examples of proposals of tax legislation which are
withdrawn for a price, regulation legislation, and finally, examines the contracts written between private interests and politicians centered on political inaction devoted to keeping wealth in
private hands. Annotation c. by Book News, Inc., Portland, Or.
