Age, Biography and Wiki
Gordon Tullock was born on 13 February, 1922 in Rockford, Illinois, U.S., is an American economist (1922–2014). Discover Gordon Tullock's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 92 years old?
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Age |
92 years old |
Zodiac Sign |
Aquarius |
Born |
13 February, 1922 |
Birthday |
13 February |
Birthplace |
Rockford, Illinois, U.S. |
Date of death |
3 November, 2014 |
Died Place |
Des Moines, Iowa, U.S. |
Nationality |
United States
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We recommend you to check the complete list of Famous People born on 13 February.
He is a member of famous economist with the age 92 years old group.
Gordon Tullock Height, Weight & Measurements
At 92 years old, Gordon Tullock height not available right now. We will update Gordon Tullock's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Gordon Tullock Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Gordon Tullock worth at the age of 92 years old? Gordon Tullock’s income source is mostly from being a successful economist. He is from United States. We have estimated Gordon Tullock's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
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Not Available |
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Source of Income |
economist |
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Timeline
Gordon Tullock (February 13, 1922 – November 3, 2014) was an American economist and professor of law and economics at the George Mason University School of Law.
He is best known for his work on public choice theory, the application of economic thinking to political issues.
He was one of the founding figures in his field.
A native of Rockford, Illinois and graduate of Rockford Central High School, Tullock attended the University of Chicago and, after a break for military service during World War II, received a J.D. in 1947.
Following a brief period in private practice, he joined the Foreign Service that fall.
After completing training, he was posted to Tianjin, China, later receiving Chinese language instruction at Yale and Cornell and follow-on postings to Hong Kong and Korea.
He resigned from the Foreign Service in 1956.
While he originally intended to pursue a career as a foreign trader in the Far East, his work on The Politics of Bureaucracy eventually led him to begin collaboration with James M. Buchanan at the University of Virginia while Tullock worked at the University of South Carolina teaching international studies.
Tullock's collaboration with Buchanan produced The Calculus of Consent: Logical Foundations of Constitutional Democracy (1962), which quickly became a seminal work in the new field of public choice.
He later joined Buchanan as a faculty colleague at Virginia.
Despite Tullock never having taken any economics courses, for four years Buchanan and Tullock ran an economics research program.
They founded a new journal for their field (1966), first called Papers in Non-Market Economics and eventually titled Public Choice, where they invited articles applying economic theory to all sorts of non-market phenomena, especially in the realm of government and politics.
Despite the success of the book and the journal, disagreements with the UVA administration eventually led Tullock to leave.
In 1967, Tullock identified many of the concepts of what came to be known as rent-seeking in a seminal paper.
Tullock moved to Virginia Polytechnical Institute (VPI, now called Virginia Tech) in 1968 and was joined by Buchanan a year later.
At VPI, Tullock wrote a number of influential articles and books, including Private Wants, Public Means (1970), The Logic of the Law (1971), The Social Dilemma (1974), and The Vote Motive (1976).
In 1983, Tullock and the Center for Study of Public Choice moved to George Mason University, at the time a relatively unknown school in Fairfax, Virginia.
Tullock taught at GMU from 1983–1987 and at the University of Arizona from 1987–1999.
He continued to publish widely (more than 150 papers and 23 books in all), including "The Economics of Wealth and Poverty" (1986), Autocracy (1987), Rent Seeking (1993), The Economics of Non-Human Societies (1994) and On Voting: A Public Choice Approach (1998).
There they continued the Public Choice Society and the journal, of which Tullock remained editor until 1990.
In 1994 Tullock was awarded an honorary Ph.D. from the University of Chicago and in 1998 became a distinguished fellow of the American Economic Association.
In 1996 he was elected to the American Political Science Review Hall of Fame.
He was sometimes considered a longshot candidate for the Nobel Memorial Prize in Economic Sciences.
He served as President of the Southern Economic Association, the International Atlantic Economic Society (1998–1999), the Western Economic Association and the Public Choice Society.
In 1999 he returned to George Mason as a professor of law and economics, where he retired in 2008.
Tullock's book, The Politics of Bureaucracy, has been criticized for overlooking a substantial body of literature.
A number of authors have criticized Tullock and the public choice tradition as being too simplistic in its explanation of political behavior.
On November 3, 2014, Tullock died at the age of 92 in Des Moines.
Tullock developed a theory referred to as rent-seeking, adapted from the term and concept introduced by economist David Ricardo in the 19th century.
Rent seeking, according to public choice theory, is securing profits through the political process rather than the market process of exchange.
An example of rent seeking is when a firm, union, or special-interest group lobbies political actors (e.g., politicians or bureaucrats) to influence legislation in a beneficial manner.
This can lead to moral hazard when politicians make policy decisions based on the lobby instead of the efficiency of the policy.
Tullock also formulated and considered the Tullock paradox, namely, the paradox of why rent-seeking is so cheap.
The name "Tullock's spike" refers to a thought experiment in which Tullock suggested that if governments were serious about reducing road casualties, they should mandate that a sharp spike be installed in the center of each car's steering wheel, to increase the probability that an accident would be fatal to the driver.
Tullock's idea was that the normal process of risk compensation would then lead to safer driving by the affected drivers, thereby actually reducing driving fatalities.