A subjectivist’s solution to the limits of public choice
Author
Abstract
Suggested Citation
DOI: 10.1007/s11138-013-0227-7
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Sutter, Daniel, 2002. "The Democratic Efficiency Debate and Definitions of Political Equilibrium," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 199-209, June.
- Bryan Caplan & Edward Stringham, 2005.
"Mises, bastiat, public opinion, and public choice,"
Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 79-105.
- Caplan, Bryan & Stringham, Edward, 2005. "Mises, Bastiat, public opinion, and public choice," MPRA Paper 26084, University Library of Munich, Germany.
- Donald Wittman, 2005. "Second Reply to Caplan: The Power and the Glory of the Median Voter," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 186-195, August.
- Peter J. Boettke (ed.), 1994. "The Elgar Companion to Austrian Economics," Books, Edward Elgar Publishing, number 53.
- Mueller,Dennis C., 2003. "Public Choice III," Cambridge Books, Cambridge University Press, number 9780521894753, January.
- Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
- Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64(5), pages 416-416.
- 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.
- Holcombe, Randall G, 2002. "Political Entrepreneurship and the Democratic Allocation of Economic Resources," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 143-159, June.
- Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
- Buchanan, James M & Vanberg, Viktor J, 2002. "Constitutional Implications of Radical Subjectivism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 121-129, June.
- 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.
- Vaughn,Karen I., 1994. "Austrian Economics in America," Cambridge Books, Cambridge University Press, number 9780521445528, January.
- Lopez, Edward J, 2002. "The Legislator as Political Entrepreneur: Investment in Political Capital," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 211-228, June.
- Roger Congleton, 1986.
"Rent-seeking aspects of political advertising,"
Public Choice, Springer, vol. 49(3), pages 249-263, January.
- Roger D. Congleton, 1986. "Rent-seeking aspects of political advertising," Springer Books, in: Roger D. Congleton & Kai A. Konrad & Arye L. Hillman (ed.), 40 Years of Research on Rent Seeking 2, pages 297-311, Springer.
- James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62(4), pages 334-334.
- MacKenzie, D.W., 2008. "The use of knowledge about society," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 678-688, September.
- Anthony Evans, 2009. "Constitutional moments in Eastern Europe and subjectivist political economy," Constitutional Political Economy, Springer, vol. 20(2), pages 118-138, June.
- Richard E. Wagner, 2004. "Public Choice as an Academic Enterprise," American Journal of Economics and Sociology, Wiley Blackwell, vol. 63(1), pages 55-74, January.
- Jack Wiseman, 1990. "Principles of political economy," Constitutional Political Economy, Springer, vol. 1(1), pages 101-124, December.
- Bryan Caplan, 2005. "From Friedman to Wittman: The Transformation of Chicago Political Economy," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 1-21, April.
- Michael Wohlgemuth, 1995. "Economic and political competition in neoclassical and evolutionary perspective," Constitutional Political Economy, Springer, vol. 6(1), pages 71-96, December.
- Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
- Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter.
- Richard E. Wagner, 2003. "Public Choice and the Diffusion of Classic Italian Public Finance," Il Pensiero Economico Italiano, Fabrizio Serra Editore, Pisa - Roma, vol. 11(1), pages 271-282.
- Pasour, E C, Jr, 1992. "Economists and Public Policy: Chicago Political Economy versus Conventional Views," Public Choice, Springer, vol. 74(2), pages 153-167, September.
- Charles P. Kindleberger & Robert Z. Aliber, 2005. "Manias, Panics and Crashes," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-62804-5, October.
- James Buchanan, 1993. "How can constitutions be designed so that politicians who seek to serve “public interest” can survive and prosper?," Constitutional Political Economy, Springer, vol. 4(1), pages 1-6, December.
- Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65(2), pages 135-135.
- Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
- Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April.
- Bryan Caplan, 2005. "Rejoinder to Wittman: True Myths," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 165-185, August.
- Donald Wittman, 2005. "Reply to Caplan: On the Methodology of Testing for Voter Irrationality," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 22-31, April.
- Robert Tollison, 1989. "Chicago Political Economy," Public Choice, Springer, vol. 63(3), pages 293-297, December.
- Weingast, Barry R, 1995. "The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(1), pages 1-31, April.
- Peter J. Boettke, 1995. "Hayek's The Road to Serfdom Revisited: Government Failure in the Argument against Socialism," Eastern Economic Journal, Eastern Economic Association, vol. 21(1), pages 7-26, Winter.
- Boettke, Peter J & Lopez, Edward J, 2002. "Austrian Economics and Public Choice," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(2-3), pages 111-119, June.
- Stefan Sinn, 1992. "The taming of Leviathan: Competition among governments," Constitutional Political Economy, Springer, vol. 3(2), pages 177-196, March.
- Caplan, Bryan, 2001. "Rational Irrationality and the Microfoundations of Political Failure," Public Choice, Springer, vol. 107(3-4), pages 311-331, June.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Vlad Tarko, 2020. "Understanding post-communist transitions: the relevance of Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(1), pages 163-186, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- 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.
- Michael Wohlgemuth, 1995. "Economic and political competition in neoclassical and evolutionary perspective," Constitutional Political Economy, Springer, vol. 6(1), pages 71-96, December.
- Anthony Evans, 2009. "Constitutional moments in Eastern Europe and subjectivist political economy," Constitutional Political Economy, Springer, vol. 20(2), pages 118-138, June.
- Schnellenbach, Jan & Schubert, Christian, 2015.
"Behavioral political economy: A survey,"
European Journal of Political Economy, Elsevier, vol. 40(PB), pages 395-417.
- Jan Schnellenbach & Christian Schubert, 2014. "Behavioral Political Economy: A Survey," CESifo Working Paper Series 4988, CESifo.
- Jennings, Colin, 2011.
"The good, the bad and the populist: A model of political agency with emotional voters,"
European Journal of Political Economy, Elsevier, vol. 27(4), pages 611-624.
- Colin Jennings, 2009. "The Good the Bad and the Populist: A Model of Political Agency with Emotional Voters," Working Papers 0909, University of Strathclyde Business School, Department of Economics.
- Jennings, Colin, 2009. "The Good, the Bad and the Populist: A Model of Political Agency with Emotional Voters," SIRE Discussion Papers 2009-30, Scottish Institute for Research in Economics (SIRE).
- Bryan Caplan, 2003. "The Logic of Collective Belief," Rationality and Society, , vol. 15(2), pages 218-242, May.
- Ester Silva & José Silva Costa, 2006.
"Are voters rationally ignorant? An empirical study of Portuguese local elections,"
Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 5(1), pages 31-44, May.
- José da Silva Costa & Ester Gomes Silva, 2004. "Are Voters Rationally Ignorant? An Empirical Study for Portuguese Local Elections," ERSA conference papers ersa04p52, European Regional Science Association.
- Glenn Furton & Adam Martin, 2019. "Beyond market failure and government failure," Public Choice, Springer, vol. 178(1), pages 197-216, January.
- Schnellenbach, Jan & Schubert, Christian, 2014. "Behavioral public choice: A survey," Freiburg Discussion Papers on Constitutional Economics 14/03, Walter Eucken Institut e.V..
- Richard E. Wagner, 2012. "Deficits, Debt, and Democracy," Books, Edward Elgar Publishing, number 14477.
- Dalibor Roháč, 2009. "Je predpoklad voličskej racionality len mýtus? [Is the assumption of voters' rationality just a myth?]," Politická ekonomie, Prague University of Economics and Business, vol. 2009(2), pages 163-176.
- 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.
- Bryan Caplan & Edward Stringham, 2005.
"Mises, bastiat, public opinion, and public choice,"
Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 79-105.
- Caplan, Bryan & Stringham, Edward, 2005. "Mises, Bastiat, public opinion, and public choice," MPRA Paper 26084, University Library of Munich, Germany.
- Claudio Balestri, 2014. "Political Organizations, Interest Groups and Citizens Engagement: An Integrated Model of Democracy," Public Organization Review, Springer, vol. 14(4), pages 533-543, December.
- Benoît Le Maux, 2009.
"Governmental behavior in representative democracy: a synthesis of the theoretical literature,"
Public Choice, Springer, vol. 141(3), pages 447-465, December.
- Benoît Le Maux, 2009. "Governmental behavior in representative democracy: a synthesis of the theoretical literature," Post-Print halshs-00418370, HAL.
- Arye L. Hillman & Heinrich W. Ursprung, 2016.
"Where are the rent seekers?,"
Constitutional Political Economy, Springer, vol. 27(2), pages 124-141, June.
- Arye L. Hillman & Heinrich Ursprung, 2016. "Where are the Rent Seekers?," CESifo Working Paper Series 5833, CESifo.
- Brian C. Albrecht & Joshua R. Hendrickson & Alexander William Salter, 2022. "Evolution, uncertainty, and the asymptotic efficiency of policy," Public Choice, Springer, vol. 192(1), pages 169-188, July.
- Trent J. MacDonald, 2019. "The Political Economy of Non-Territorial Exit," Books, Edward Elgar Publishing, number 18871.
- Rosolino A. Candela & Vincent J. Geloso, 2020. "The Lighthouse Debate and the Dynamics of Interventionism," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(3), pages 289-314, September.
- Arvate, Paulo Roberto, 2013. "Electoral Competition and Local Government Responsiveness in Brazil," World Development, Elsevier, vol. 43(C), pages 67-83.
More about this item
Keywords
Entrepreneurship; Government failure; Public choice; Rational choice; Subjectivism; B52; B53; D83; H11;All these keywords.
JEL classification:
- B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
- B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
Statistics
Access and download statisticsCorrections
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:27:y:2014:i:1:p:23-44. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.