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The Economics Of Public Choice
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Book Synopsis The Theory of Public Choice--II by : James M. Buchanan
Download or read book The Theory of Public Choice--II written by James M. Buchanan and published by University of Michigan Press. This book was released on 1984 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government
Book Synopsis Public Finance and Public Choice by : James M. Buchanan
Download or read book Public Finance and Public Choice written by James M. Buchanan and published by MIT Press. This book was released on 1999-10-12 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.
Book Synopsis Readings in Public Choice Economics by : Jac C. Heckelman
Download or read book Readings in Public Choice Economics written by Jac C. Heckelman and published by . This book was released on 2004 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The anthology contains readings that explore the areas of rent seeking, collective action, bureaucracy, elections and the economy, choosing decision rules, majority rule, alternative voting procedures, and the calculus of voting. Each part contains a brief introduction to the general theme, and questions are presented as a guide to each reading. Additional suggested readings are provided to develop these concepts further."--Jacket.
Book Synopsis The Economics of Public Choice by : Paddy McNutt
Download or read book The Economics of Public Choice written by Paddy McNutt and published by Edward Elgar Publishing. This book was released on 2002 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fully revised second edition of a popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. Chapter 2 looks at the economic nature of contracts and reviews the contractual form by interpreting the Edgeworth-Bowley box from an economics of contracting perspective. Chapter 7 is updated and elaborates on the application of rent-seeking to antitrust and competition analysis. A new chapter 8 addresses the issue of legal barriers to entry and related issues, in particular how a legal barrier can affect consumer welfare. The discussion on the anarchy of legitimacy has been reviewed while a new chapter 11 critically evaluates the exchange and allocation of economic power and income inequality in developing countries. Finally, in a new chapter 12 the author presents an overview of the global political economy and identifies the contribution of public choice to the debate.
Book Synopsis Government Failure by : Gordon Tullock
Download or read book Government Failure written by Gordon Tullock and published by Cato Institute. This book was released on 2002-05-01 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: When market forces fail us, what are we to do? Who will step in to protect the public interest? The government, right? Wrong. The romantic view of bureaucrats coming to the rescue confuses the true relationship between economics and politics. Politicians often cite "market failure" as justification for meddling with the economy, but a group of leading scholars show the shortcomings of this view. In Government Failure, these scholars explain the school of study known as "public choice," which uses the tools of economics to understand and evaluate government activity. Gordon Tullock, one of the founders of public choice, explains how government "cures" often cause more harm than good. Tullock provides an engaging overview of public choice and discusses how interest groups seek favors from government at enormous costs to society. Displaying the steely realism that has marked public choice, Tullock shows the political world as it is, rather than as it should be. Gordon Brady scrutinizes American public policy, looking closely at international trade, efforts at regulating technology, and environmental policy. At every turn Brady points out the ways in which interest groups have manipulated the government to advance their own agendas. Arthur Seldon, a seminal scholar in public choice, provides a comparative perspective from Great Britain. He examines how government interventions in the British economy have led to inefficiency and warns about the political centralization promised by the European Community. Government Failure heralds a new approach to the study of politics and public policy. This book enlightens readers with the basic concepts of public choice in an unusually accessible way to show the folly of excessive faith in the state.
Book Synopsis The Encyclopedia of Public Choice by : Charles Rowley
Download or read book The Encyclopedia of Public Choice written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2004-07-06 with total page 1142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.
Book Synopsis Economics Private and Public Choice by : James D Gwartney
Download or read book Economics Private and Public Choice written by James D Gwartney and published by Elsevier. This book was released on 2013-09-11 with total page 678 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics: Private and Public Choice is an aid for students and general readers to develop a sound economic reasoning. The book discusses several ways to economic thinking including six guideposts as follows: (i) scarce goods have costs; (ii) Decision-makers economize in their choices; (iii) Incentives are important; (iv) Decision-makers are dependent on information scarcity; (v) Economic actions can have secondary effects; and (vi) Economic thinking is scientific. The book explains the Keynesian view of money, employment, and inflation, as well as the monetarist view on the proper macropolicy, business cycle, and inflation. The book also discusses consumer decision making, the elasticity of demand, and how income influences demand. The text analyzes costs and producer decisions, the firm under pure competition, and how a competitive model functions. The book explains monopoly, and also considers the high barriers that prevent entry such as legal barriers, economies of scale, and control over important resources. The author also presents comparative economic systems such as capitalism and socialism. This book can prove useful for students and professors in economics, as well as general readers whose works are related to public service and planning in the area of economic development.
Book Synopsis Public Choice, Past and Present by : Dwight R. Lee
Download or read book Public Choice, Past and Present written by Dwight R. Lee and published by Springer Science & Business Media. This book was released on 2012-12-09 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory. In the fifty years since its publication, the book has defined the field and set the standard for research and analysis. To celebrate a half-century of scholarship in public choice, Dwight Lee has assembled distinguished academics from around the world to reflect on the influence of this monumental publication, and, more broadly, the legacy of its legendary authors. Their essays cover a broad spectrum of topics and approaches, from the impact of public choice theory on foreign policy analysis to personal remembrances of learning from and collaborating with Buchanan and Tullock. The result is a unique collection of insights that celebrate public choice and its visionary proponents, while considering its future directions.
Book Synopsis The Limits of Public Choice by : Lars Udehn
Download or read book The Limits of Public Choice written by Lars Udehn and published by Routledge. This book was released on 2002-09-11 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public choice has been one of the most important developments in the social sciences in the last twenty years. However there are many people who are frustrated by the uncritical importing of ideas from economics into political science. Public Choice uses both empirical evidence and theoretical analysis to argue that the economic theory of politics is limited in scope and fertility. In order to arrive at a more comprehensive understanding of political life, political scientists must learn from both economists and sociologists.
Book Synopsis Law and Public Choice by : Daniel A. Farber
Download or read book Law and Public Choice written by Daniel A. Farber and published by University of Chicago Press. This book was released on 2010-07-15 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Law and Public Choice, Daniel Farber and Philip Frickey present a remarkably rich and accessible introduction to the driving principles of public choice. In this, the first systematic look at the implications of social choice for legal doctrine, Farber and Frickey carefully review both the empirical and theoretical literature about interest group influence and provide a nonmathematical introduction to formal models of legislative action. Ideal for course use, this volume offers a balanced and perceptive analysis and critique of an approach which, within limits, can illuminate the dynamics of government decision-making. “Law and Public Choice is a most valuable contribution to the burgeoning literature. It should be of great interest to lawyers, political scientists, and all others interested in issues at the intersection of government and law.”—Cass R. Sunstein, University of Chicago Law School
Book Synopsis Government By The Market? by : Peter Self
Download or read book Government By The Market? written by Peter Self and published by Routledge. This book was released on 2021-01-07 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent decades have seen the study of politics invaded by economic theories, methods and techniques. This book gives a concise, non- technical account of these 'public choice' theories and examines their influence upon government policies in English-speaking countries. Issues covered include slimming the state, privatising welfare and re- structuring government. Final chapters offer an alternative view of the basis of good government. This book offers a unique survey and critique of the ideas and influence of an important branch of political thought and it links with market theories. It is vital reading for students of both politics and economics.
Book Synopsis Readings in Public Choice and Constitutional Political Economy by : Charles Rowley
Download or read book Readings in Public Choice and Constitutional Political Economy written by Charles Rowley and published by Springer Science & Business Media. This book was released on 2008-08-09 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public choice is the study of behavior at the intersection of economics and political science. Since the pioneering work of Duncan Black in the 1940s, public choice has developed a rich literature, drawing from such related perspectives as history, philosophy, law, and sociology, to analyze political decision making (by citizen-voters, elected officials, bureaucratic administrators, lobbyists, and other "rational" actors) in social and economic context, with an emphasis on identifying differences between individual goals and collective outcomes. Constitutional political economy provides important insights into the relationship between effective constitutions and the behavior of ordinary political markets. In Readings in Public Choice and Constitutional Political Economy, Charles Rowley and Friedrich Schneider have assembled an international array of leading authors to present a comprehensive and accessible overview of the field and its applications. Covering a wide array of topics, including regulation and antitrust, taxation, trade liberalization, political corruption, interest group behavior, dictatorship, and environmental issues, and featuring biographies of the founding fathers of the field, this volume will be essential reading for scholars and students, policymakers, economists, sociologists, and non-specialist readers interested in the dynamics of political economy.
Book Synopsis Public Choice and the Challenges of Democracy by : Jos‰ Casas Pardo
Download or read book Public Choice and the Challenges of Democracy written by Jos‰ Casas Pardo and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world's most prestigious scholars of public choice and political science, this comprehensive collection p
Book Synopsis The Elgar Companion to Public Choice by : William F. Shughart
Download or read book The Elgar Companion to Public Choice written by William F. Shughart and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: '. . . this compendium offers a solid introduction into an economic field that is gaining in influence.' – Detmar Doering, Frankfurter Allgemeine Zeitung 'The first essay in this volume, "Public Choice at the Millennium," by the two editors, sets a high standard for all the essays to follow. . . The essay takes us through the early history of public choice research in a particularly lucid fashion. . . This first article is destined to be a must-read on many reading lists on both graduate and undergraduate courses in political economy. . . . the volume is likely to become a much-used reference tool. . . . for those researchers interested in a comprehensive discussion of the far-reaching literature in this area, and want some provocation in the mix, this is clearly the right choice.' – Sharon M. Oster, Public Choice 'Many of the chapters of this handbook will be an indispensable addition to any course reading list in public choice, or public economics. They serve as an excellent complement, integrating diverse lines of thoughts, to the core scholarly writings in the field. The essays are well-written and succeed, admirably, in accomplishing what a handbook must, making difficult and disparate material quite comprehensible to someone who wishes to become acquainted with the area.' – Harold M. Hochman, Lafayette College, US 'This is an extremely valuable insiders' account of what public choice is about. Presented in thirty well-reasoned and documented chapters, the book is a treasure trove for every political economist.' – Jürgen G. Backhaus, Maastricht University, The Netherlands This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume. It contains state-of-the-art discussions of both old and contemporary problems, including new work by the founding fathers as well as contributions by a new generation of younger scholars. The book reviews the literature of public choice, highlighting the common ground between all rational choice approaches to politics. It demonstrates the important impact of public choice on economics, political science, philosophy and sociology. It will be an indispensable source of reference for many years to the ideas, analytical methods and empirical research in the field. The Companion will serve as the standard reference work for all those engaged in the field of public choice and will be essential reading for politicians and policymakers, scholars in political science, public and social choice, as well as graduate students in economics, political science and public administration.
Book Synopsis Politics as Public Choice by : James M. Buchanan
Download or read book Politics as Public Choice written by James M. Buchanan and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a collection of thirty-four essays and shorter works by James M. Buchanan that represent the brilliance of his founding work on public-choice theory. The work of James M. Buchanan is perhaps most often associated with his helping to found public-choice theory. Buchanan's book-length works such as 'The Calculus of Consent' or 'The Reason of Rules' (Volumes 3 and 10, respectively, in Liberty Fund's 'The Collected Works of James M Buchanan') are best known for their brilliant application of market behavioural models to government. But Buchanan's shorter works represented here all show originality and insight as well as clear articulation of important theoretical principles. What's more, these essays have all had a significant impact on the subsequent literature about public choice. In this volume, the works are broken down into these major categorical groupings: general approach; public choice and its critics; voters; voting models; rent seeking; regulation; public choice and public expenditures. As Robert D Tollison concludes his foreword to this volumes, "Read in conjunction with the other parts of the 'Collected Works', these papers offer the reader a fuller appreciation of the public-choice revolution and its impact and prospects."
Book Synopsis Public Choice Interpretations of American Economic History by : Jac. C. Heckelman
Download or read book Public Choice Interpretations of American Economic History written by Jac. C. Heckelman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jac C. Heckelman, John C. Moorhouse and Robert Whaples The eight chapters of this volume are revised versions of papers originally presented at the "Applications of Public Choice Theory to Economic History" conference held at Wake Forest University, April 9-10, 1999. They all apply the tools of public choice theory to the types of questions which economic historians have traditionally addressed. By adding the insights of public choice economics to the traditional tools used to understand economic actors and institutions, the authors are able to provide fresh insights about many important issues of American history. 1. DEVELOPMENTS IN PUBLIC CHOICE THEORY Economists have historically sought to develop policies to improve social welfare by correcting perceived market failures due to monopoly power, externalities, and other departures from the textbook case of the purely competitive model. An underlying assumption is that the public sector, upon recognizing the market failure, will act to correct it. Applied work often develops the conditions under which these policies will be optimal. The public choice movement has questioned the false dichotomy established by welfare economists. Economists of all persuasions assume traditional private market actors, such as entrepreneurs, managers, and consumers, are self-interested rational maximizers. Why should this not hold for all economic agents? The innovation of public choice analysis is to show what happens when public sector actors, such as politicians, bureaucrats, and voters, also behave as rational self-interested maximizers.
Download or read book Public Choice written by Iain McLean and published by Wiley-Blackwell. This book was released on 1987 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applies the theories of economics to political decision making, and discusses elections, lobbying, bureaucracy, and political coalitions
