Essay on Public Choice
Public choice
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Public choice or public choice theory has been described as "the use of economic tools to deal with traditional problems of political science".[1] Its content includes the study of political behavior.[2] In political science, it is the subset of positive political theory that models voters, politicians, and bureaucrats as mainly self-interested.[1] In particular, it studies such agents and their interactions in the social system either as such or under alternative constitutional rules. These can be represented in a number of ways, including standard constrained utility maximization, game theory, or decision theory. Public choice analysis has roots in positive analysis ("what is") but is often used for normative purposes ("what ought to be"), to identify a
From Wikipedia, the free encyclopedia
Jump to: navigation, search
Part of a series on
Libertarianism
Origins[show]
Concepts[show]
·
·
·
·
·
·
·
Schools[show]
·
·
·
People[show]
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Aspects[show]
·
·
Related topics[hide] Civil libertarianism Civil societarianism Constitutionalism Libertarian conservatism Libertarian Democrat Libertarian Republican Libertarian science fiction Libertarian transhumanism Libertarianism in the United States
Market liberalism · Objectivism Public choice theory Small government
Outline of libertarianism Libertarianism portal Liberalism portal
v · t · e
Public choice or public choice theory has been described as "the use of economic tools to deal with traditional problems of political science".[1] Its content includes the study of political behavior.[2] In political science, it is the subset of positive political theory that models voters, politicians, and bureaucrats as mainly self-interested.[1] In particular, it studies such agents and their interactions in the social system either as such or under alternative constitutional rules. These can be represented in a number of ways, including standard constrained utility maximization, game theory, or decision theory. Public choice analysis has roots in positive analysis ("what is") but is often used for normative purposes ("what ought to be"), to identify a
References: A precursor of modern public choice theory was Knut Wicksell (1896),[7] which treated government as political exchange, a quid pro quo, in formulating a benefit principle linking taxes and expenditures.[8]