Tag: public choice
The Essential James Buchanan
I am delighted to announce that The Essential James Buchanan, which I co-authored with Don Boudreaux, has been published by the Fraser Institute. The book can be purchased on Amazon Kindle for $.99 or downloaded at no charge from the Fraser Institute’s website, and will also be available soon in hardcover and paperback for...
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Lessons from the Dirty Streets of San Francisco
If you ask most people, the way the government is supposed to work is simple. The people identify a problem they want the government to fix. The government hires and deploys people to fix it, using tax dollars to pay them to get the job done. Problem solved! Except that’s not what happens. More...
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James M. Buchanan’s Enduring Legacy for Limited Government and Individual Liberty
James M. Buchanan (1919-2013), whose keen intellect helped launch the field of public choice and earned him a Nobel Prize in Economic Sciences in 1986, would have turned 100 years old today.
Political Capitalism
The real threat to free markets lies in the regulatory state.
Can History Survive Duke University’s Nancy MacLean?
If Democracy in Chains represents the state of art in the research and critical thinking in Nancy MacLean’s field, History as an academic discipline is in serious intellectual trouble.
Leland B. Yeager: 1924-2018
Leland Yeager, who was a valuable member of the scholarly community, passed away April 23 at the age of 93.
Fred S. McChesney, Rest in Peace
I first met Fred S. McChesney (1948–2017) at the Federal Trade Commission in the early 1980s. Ronald Reagan had just been elected to the presidency and had appointed James C. Miller III as the FTC’s chairman. Robert D. Tollison had been confirmed as the Director of the FTC’s Bureau of Economics. I am not...
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Principal-agent Theory and Representative Government
In recent decades economists have devoted great efforts to the analysis of the principal-agent problem (see for example Milgrom and Roberts 1992 and the Wikipedia article on “Principal-agent Problem”). This area of study has to do with the incentives and disincentives of an agent acting on behalf of a principal that he is presumed or...
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Public Choice Analysis a Scheme for Imposing Racist Oligarchy on the USA? Preposterous!
Public choice analysis shows, among many other things, that organized political interests will tend to dominate the political process at the expense of the unorganized members of society. This is not a claim that “the rich” will necessarily dominate “the poor” in the political process, although the rich obviously have an advantage in influencing...
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Introduction to Public Choice
Public choice uses economic methods to analyze political decision-making. Too often, both “policy experts” and the general public perceive problems and conclude that the government should do something about them, without evaluating whether government intervention could actually make things better. Public choice examines how the political process actually works rather than relying on a...
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  • Catalyst
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org