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7 February 2013
1 comment
James Buchanan pointed out that the problem with much policy-related economics is that it assumes one type of human person in the market place (the imperfectible human being generally...
21 January 2013
4 comments
An important component of the argument of F. A. Hayek's The Road to Serfdom is that those people likely to derive utility from directing and ordering others will come to occupy the positions at...
8 January 2013
3 comments
Anyone who has ever read half a page in a Public Choice textbook will, if nothing else, at least have taken the following insight on board: if the benefits of a policy are tangible and concentrated...
27 June 2011
5 comments
Public choice theory - the application of economics to politics - is inspired by classical liberal principles of free markets and limited government. With its focus on government depredations on...
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