Encyclopedia > Public choice theory

Article Content

Public choice theory

Public choice theory is a social science that studies the decision-making behaviors of government officials from the perspective of economic theory. Its most noted advocate is James M. Buchanan who won The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his work on public choice theory.

Public choice theory is closely related to rational choice theory.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Brazil

... In January 1999, the Brazilian Central Bank announced that the Real would no longer be pegged to the US dollar. This devaluation helped moderate the downturn in economic ...