Economics Dictionary of ArgumentsHome
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| Public choice: Public choice theory applies economic analysis to political decision-making. It examines how individuals' self-interest and incentives influence public policy outcomes, elections, and government actions. This theory suggests that politicians, voters, and bureaucrats act rationally to maximize their own interests, shaping government behavior and policies, often leading to an understanding of public decision-making through an economic lens.
See also Rationality, Decisions, Decision-making processes, Decision theory, Politics, Economy, Behavioral economics._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Douglas C. North on Public Choice - Dictionary of Arguments
Mause I 106 Public Choice/North: this is about explaining why it can be advantageous for rulers to prevent the spread of more efficient institutions (e.g. private property rights) in the interests of securing power and maximizing their "ruling pension" (a share of state revenues).(1) >Institutions, >Political institutions, >Power, >Governance. 1. D. North, Structure and change in economic history. New York 1981_____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
North, Douglas C. Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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