Results for tag: "Public Choice"

Public Choice Economics is a branch of economics that applies the tools of economic analysis to the study of political decision-making. It is based on the idea that individuals make rational decisions in the political arena, just as they do in the marketplace. It seeks to understand how political decisions are made, and how they affect the economy. It also examines the incentives that drive political actors, such as politicians, bureaucrats, and lobbyists. Public Choice Economics has been used to analyze a wide range of topics, including taxation, regulation, and public spending. It has also been used to study the effects of political institutions, such as voting systems and the separation of powers. Some companies in the Public Choice market include the American Enterprise Institute, the Cato Institute, the Heritage Foundation, and the Hoover Institution. Show Less Read more