Public choice

Publisher Website
Google Scholar
Abstract
The distinctive elements of public choice theory were published by Americans between 1949 and 1971. Most later writing has applied, modified or retreated from the original structure of theory. Partly because of the qualities which it combines and partly because its practitioners combine them in different proportions, the theory can be characterised as: (i) another attempt at a rigorous, axiomatic general theory of government; (ii) a vision of politics as a marketplace for individual exchanges, best understood by the use of neoclassical economic theory; or (iii) a selective analysis of political activity designed to discredit government and persuade people to reduce its scope. Most of the theorists explain most political behaviour as motivated mainly or solely by individual material self-interest. This paper reviews the effects of that on public choice analyses of voters', politicians', bureaucrats', judges' and other gain-seekers' behaviour, and on the theorists' proposals for reform. It concludes with some assessments of the work, and speculation about its prospects.

This publication has 15 references indexed in Scilit: