IDEAS home Printed from https://ideas.repec.org/a/kap/revaec/v16y2003i1p63-75.html
   My bibliography  Save this article

How Compatible Are Public Choice and Austrian Political Economy?

Author

Listed:
  • Ikeda, Sanford

Abstract

Public choice relies heavily on equilibrium analysis in its models of government failure. Austrians are suspicious of equilibrium analysis owing to its reliance on some variant of the perfect-knowledge assumption. To what extent then can Austrians consistently embrace public-choice descriptions of government failure? This paper argues that to maintain methodological consistency public choice should jettison the equilibrium, perfect-information framework, while keeping the empirically relevant assumption of narrow political interest. Copyright 2003 by Kluwer Academic Publishers

Suggested Citation

  • Ikeda, Sanford, 2003. "How Compatible Are Public Choice and Austrian Political Economy?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 16(1), pages 63-75, March.
    • Handle: RePEc:kap:revaec:v:16:y:2003:i:1:p:63-75
    as

    Download full text from publisher

    File URL: http://journals.kluweronline.com/issn/0889-3047/contents
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Makovi, Michael, 2016. "Labor Economics in a Planned Economy: F. A. Hayek and John Jewkes on the Impossibility of Democratic Socialism," MPRA Paper 70174, University Library of Munich, Germany.
    2. Harris, E., 2007. "Historical regulation of Victoria's water sector: A case of government failure?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(3), pages 1-10.
    3. Justus Enninga & Ryan M. Yonk, 2023. "Achieving Ecological Reflexivity: The Limits of Deliberation and the Alternative of Free-Market-Environmentalism," Sustainability, MDPI, vol. 15(8), pages 1-14, April.
    4. Anthony Evans, 2014. "A subjectivist’s solution to the limits of public choice," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 23-44, March.
    5. Daniel B. Klein, 2004. "Statist Quo Bias," Econ Journal Watch, Econ Journal Watch, vol. 1(2), pages 260-271, August.
    6. Diana Thomas & Michael Thomas, 2014. "Entrepreneurship: Catallactic and constitutional perspectives," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(1), pages 11-22, March.
    7. Alexander William Salter, 2013. "Not all NGDP Is Created Equal: A Critique of Market Monetarism," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 29(Fall 2013), pages 41-52.
    8. Makovi, Michael, 2016. "Interest Groups and the Impossibility of Democratic Socialism: Hayek, Jewkes, and the Arrow Theorem," MPRA Paper 70173, University Library of Munich, Germany.
    9. Peter Kurrild-Klitgaard, 2004. "The Political Economy of the Dynamic Nature of Government Intervention: An Introduction to Potentials and Problems," Advances in Austrian Economics, in: The Dynamics of Intervention: Regulation and Redistribution in the Mixed Economy, pages 3-20, Emerald Group Publishing Limited.
    10. Petra C. Besenhard & Nikolai G. Wenzel, 2017. "Circumventing the predatory state," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 16(3), pages 245-259, September.
    11. Danijela Dolenec & Mislav Žitko, 2016. "Exploring Commons Theory for Principles of a Socialist Governmentality," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(1), pages 66-80, March.
    12. Peter Boettke & Christopher Coyne & Peter Leeson, 2007. "Saving government failure theory from itself: recasting political economy from an Austrian perspective," Constitutional Political Economy, Springer, vol. 18(2), pages 127-143, June.
    13. Nikolai Wenzel, 2014. "Lessons from Constitutional Culture and the History of Constitutional Transfer: A Hope for Constitutionally Limited Government?," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 20(2), pages 213-226, May.
    14. Vlad Tarko, 2015. "The role of ideas in political economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 28(1), pages 17-39, March.
    15. Anthony Evans, 2009. "Constitutional moments in Eastern Europe and subjectivist political economy," Constitutional Political Economy, Springer, vol. 20(2), pages 118-138, June.
    16. Nick Cowen, 2018. "Robust Against Whom?," Advances in Austrian Economics, in: Austrian Economics: The Next Generation, volume 23, pages 91-111, Emerald Group Publishing Limited.
    17. Jankovic Ivan & Block Walter, 2019. "Private Property Rights, Government Interventionism and Welfare Economics," Review of Economic Perspectives, Sciendo, vol. 19(4), pages 365-397, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:revaec:v:16:y:2003:i:1:p:63-75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.