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About Public Choice PDF
Public choice theory uses economic tools to analyze political decisions and outcomes. It models politicians, voters, and bureaucrats as self-interested actors seeking to maximize their utility. Some key developments include Duncan Black establishing the foundations of the field in the 1940s-50s, Arrow's Social Choice and Individual Values influencing the theory, and Buchanan and Tullock's The Calculus of Consent being considered a landmark work. Public choice theory examines decision-making processes, the role of special interests in influencing policy away from the preferences of the general public, and claims that democratic politics can irrationally favor expressive interests over practical concerns.
Detailed Information
| Author: | ['raversyd'] |
|---|---|
| Publication Year: | 2017 |
| Pages: | 7 |
| Language: | English |
| Format: | |
| Price: | FREE |
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