A Primer on Public Choice Theory

At Café Hayek, Jane S. Shaw gives a thorough summary of the field of economics known as Public Choice, which "takes the same principles that economists use to analyze people's actions in the marketplace and applies them to people's actions in collective decision making." As such, it is primarily focused on understanding government action.

If you ever wanted to know why governments don't care how much money they waste, or whether their fancy programs actually achieve the desired result, read the article. It is quite good.

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