The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 2

In what general, systematic way do the interests pursued by officials in government differ from the interests pursued by people in the private sector? Consider the following cases:
(a) The president of a state-owned university and the president of a privately owned university
(b) A member of the U.S. House of Representatives who aspires to a seat in the Senate and a traveling sales representative for a large business corporation who wants a job as sales manager at one of the firm's plants
(c) A prominent political figure who wants to become president of the United States and a prominent actor who wants to receive an Academy Award
(d) An urban police officer and a uniformed guard employed by a private security firm
(e) A grant-awarding official in the Small Business Administration and a loan officer in a bank