Public Finance and Public Choice

Public Finance and Public Choice PDF

Author: James M. Buchanan

Publisher: MIT Press

Published: 1999-10-12

Total Pages: 283

ISBN-13: 0262261618

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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.

The Theory of Public Choice--II

The Theory of Public Choice--II PDF

Author: James M. Buchanan

Publisher: University of Michigan Press

Published: 1984

Total Pages: 468

ISBN-13: 9780472080410

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Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government

Government Failure

Government Failure PDF

Author: Gordon Tullock

Publisher: Cato Institute

Published: 2002-05-01

Total Pages: 211

ISBN-13: 1935308009

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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.

Public Choice, Past and Present

Public Choice, Past and Present PDF

Author: Dwight R. Lee

Publisher: Springer Science & Business Media

Published: 2012-12-09

Total Pages: 256

ISBN-13: 1461459095

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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. ​

Public Choice Theory and the Illusion of Grand Strategy

Public Choice Theory and the Illusion of Grand Strategy PDF

Author: Richard Hanania

Publisher: Routledge

Published: 2021-12-28

Total Pages: 206

ISBN-13: 100051403X

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This book argues that while the US president makes foreign policy decisions based largely on political pressures, it is concentrated interests that shape the incentive structures in which he and other top officials operate. The author identifies three groups most likely to be influential: government contractors, the national security bureaucracy, and foreign governments. This book shows that the public choice perspective is superior to a theory of grand strategy in explaining the most important aspects of American foreign policy, including the war on terror, policy toward China, and the distribution of US forces abroad. Arguing that American leaders are selected to respond to public opinion, not necessarily according to their ability to formulate and execute long-terms plans, the author shows how mass attitudes are easily malleable in the domain of foreign affairs due to ignorance with regard to the topic, the secrecy that surrounds national security issues, the inherent complexity of the issues involved, and most importantly, clear cases of concentrated interests. The book will be of interest to students and scholars of American Studies, Foreign Policy Analysis and Global Governance.

The Encyclopedia of Public Choice

The Encyclopedia of Public Choice PDF

Author: Charles Rowley

Publisher: Springer Science & Business Media

Published: 2004-07-06

Total Pages: 1142

ISBN-13: 0792386078

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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.

Perspectives on Public Choice

Perspectives on Public Choice PDF

Author: Dennis C. Mueller

Publisher: Cambridge University Press

Published: 1997

Total Pages: 692

ISBN-13: 9780521556545

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This five-part volume surveys the main ideas and contributions to the field of public choice.

Politics as Public Choice

Politics as Public Choice PDF

Author: James M. Buchanan

Publisher:

Published: 2000

Total Pages: 0

ISBN-13: 9780865972377

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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."

Public Choice Concepts and Applications in Law

Public Choice Concepts and Applications in Law PDF

Author: Maxwell L. Stearns

Publisher: West Academic Publishing

Published: 2009

Total Pages: 676

ISBN-13:

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Stearns and Zywicki's Public Choice Concepts and Applications in Law is the only course book specifically designed to instruct law students in the discipline of public choice. The book provides a comprehensive but nontechnical overview of interest group theory, social choice theory, game theory, and elementary price theory. It ties these concepts to a wide range of topics in both public and private law. The book contains chapters devoted to each set of methodological tools and specific institutional settings: legislatures, courts, executive branch and bureaus, and constitutions.

Readings in Public Choice Economics

Readings in Public Choice Economics PDF

Author: Jac C. Heckelman

Publisher:

Published: 2004

Total Pages: 436

ISBN-13:

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"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.