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Public Choice

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  • Orchard, Lionel
  • Stretton, Hugh

Abstract

The distinctive elements of public choice theory were published by Americans between 1949 and 1971. Most later writing has applied, modified or retreated from the original structure of theory. Partly because of the qualities which it combines and partly because its practitioners combine them in different proportions, the theory can be characterized as: (i) another attempt at a rigorous, axiomatic general theory of government; (ii) a vision of politics as a marketplace for individual exchanges, best understood by the use of neoclassical economic theory; or (iii) a selective analysis of political activity designed to discredit government and persuade people to reduce its scope. Most of the theorists explain most political behavior as motivated mainly or solely by individual material self-interest. This paper reviews the effects of that on public choice analyses of voters', politicians', bureaucrats', judges' and other gain-seekers' behavior, and on the theorists' proposals for reform. It concludes with some assessments of the work, and speculation about its prospects. Copyright 1997 by Oxford University Press.

Suggested Citation

  • Orchard, Lionel & Stretton, Hugh, 1997. "Public Choice," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 21(3), pages 409-430, May.
    • Handle: RePEc:oup:cambje:v:21:y:1997:i:3:p:409-30
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    Cited by:

    1. Geoffrey M. Hodgson, 2004. "¿Los experimentos pueden falsear la teoría de la utilidad esperada?," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 17-45, January-J.
    2. Paavola, Jouni & Adger, W. Neil, 2005. "Institutional ecological economics," Ecological Economics, Elsevier, vol. 53(3), pages 353-368, May.
    3. Lambsdorff, Johann, 2001. "How corruption in government affects public welfare: A review of theory," University of Göttingen Working Papers in Economics 9, University of Goettingen, Department of Economics.
    4. Fertő, Imre, 1998. "Az agrárpolitika politikai gazdaságtana I. A kormányzati politikák modellezése a mezőgazdaságban [The political economy of agrarian politics. Part I. Modeling of governmental policies in agricultur," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 223-246.

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