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Public choice - Wikipedia

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Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science".[1] Its content includes the study of political behavior. In political science, it is the subset of positive political theory that studies self-interested agents (voters, politicians, bureaucrats) and their interactions, which can be represented in a number of ways – using (for example) standard constrained utility maximization, game theory, or decision theory.[1] It is the origin and intellectual foundation of contemporary work in political economy.[2] In popular use, "public choice" is often used as a shorthand for components of modern public choice theory that focus on how elected officials, bureaucrats and other government agents can be influenced by their own perceived self-interest when making decisions in their official roles. Economist James M. Buchanan received the 1986 Nobel Memorial Prize in Economic Sciences "for his development of the contractual an

Public choice - Wikipedia Jump to content From Wikipedia, the free encyclopedia Economic theory applied to political science Not to be confused with Social choice theory . For the academic journal, see Public Choice (journal) . Part of a series on Economics Outline Index Glossary Economists Principles of Economics Tools and methodology Economic theory Mathematical modeling Game theory Rational choice Cognitive science ( Behavioral ) Economic equilibrium Empirical methods Experimental Econometrics Time series Spatial Causal inference Quasi-experiments Prescriptive and policy Welfare analysis So

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