Public Choice Theory Nobel Laureate Dies - Galt's Gulch

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Public Choice Theory Nobel Laureate Dies

Posted by khalling 12 years, 2 months ago to Economics

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I don't agree with the article's conclusions on every example, however Public Choice at least defies with serious studies that govt employees and "servants" do not make decisions for "public good" but that they lobby and work toward their own self interests,

SOURCE URL: http://www.economist.com/news/finance-and-economics/21569692-james-buchanan-who-died-january-9th-illuminated-political-decision-making

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Posted by ObjectiveAnalyst 12 years, 2 months ago

Mixed bag! Some steak with a side order of manure... Not all bad, just leave some untouched.

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  Posted by khalling 12 years, 2 months ago
  
  OK, he's just the one who died. the other two are Austrian economists
  
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  Posted by khalling 12 years, 2 months ago
  
  it's a big snag, agreed. I support the development of the theory. there are I think 3 Nobels to economists on Public Choice.
  
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