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Is Public Choice Still Vivid?

Author

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  • Bruno S. Frey

    (University of Basel
    CREMA – Center for Research in Economics, Management and the Arts)

Abstract

Public Choice does not seem any longer to be a vivid part of the academic literature. The newly introduced version called “Political Economics” partly takes up some of the aspects previously discussed in Public Choice. Whether this new version of political economy has much, or any, impact on economics or political decisions is open. In real life, the ideas contained in Public Choice are more important than ever. Future generations of economists and social scientists may well come back to the important insights gained. This may take considerable time. Public Choice Scholars, therefore, have the important task to stick to their convictions.

Suggested Citation

  • Bruno S. Frey, 2023. "Is Public Choice Still Vivid?," Homo Oeconomicus: Journal of Behavioral and Institutional Economics, Springer, vol. 40(1), pages 95-101, December.
    • Handle: RePEc:spr:homoec:v:40:y:2023:i:1:d:10.1007_s41412-022-00123-w
    DOI: 10.1007/s41412-022-00123-w
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    More about this item

    Keywords

    Public choice; Political economy; Political economics; Buchanan; Brenna;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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