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Public choice theory, to be sure, is a serious discipline.
Public choice theory should be taken seriously but not too seriously.
Public choice theory strikes again.
Public choice also works to explain the effects of mineral wealth on a nation.
Public choice is the application of economic methods and behavioral assumptions to nonmarket collective choice institutions.
Public choice economics, and its brethren Bloomington School, have been driving home this argument for years.
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You meet Hegel and Nietzsche with him as well as public-choice theorists.
But this does not invalidate public-choice theory.
Buchanan also cofounded (1969) and was director of the Center for the Study of Public Choice.
He is the coauthor (with Robert D. Tollison) of Economics: Private Markets and Public Choice.
The Oxford Handbook of Public Choice.
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