What is Public Choice?

Public Choice was invented by George Mason University’s Nobel Laureate James Buchanan and his partner Gordon Tullock.

It is taking political science and using economic theory to explain what happens. It studies politicians, voters, bureaucrats, and lobbyist and applies self-interested rational behavior to it. Then it usually find economic realities to fix the problem.

Professor Thomas Rustici teaches a very interesting and passionate undergraduate course at GMU. I urge anyone and everyone to take this course. It should be a prerequisite of all Government majors, but then who wants to be called useless and wrong a lot of the time.

Books that are required for that class include:

Regulation, the Constitution, and the Economy by James Edwards

The Anti-Capitalistic Mentality by Ludwig von Mises

Lost Rights by James Bovard

Capitalism: The unknown ideal by Ayn Rand

The Road to Serfdom by F.A. Hayek

I highly recommend all of these books but specifically recommend the Bovard book.

Do you think the government follows the Constitution and respects your rights?

Wrong, it one of the most cited book I’ve ever seen.

~PCCapitalist

Advertisements

The URI to TrackBack this entry is: https://pccapitalist.wordpress.com/2007/11/14/what-is-public-choice/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: