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The Theoretical Framework

In: Government and North Sea Oil

Author

Listed:
  • Danny Hann

Abstract

Since the publication in 1957 of Anthony Downs’ An Economic Theory of Democracy1 the theory of public choice has expanded into a broader and more far-reaching analysis of the economics of politics and government decision-making. Work by economists such as Bergson, Arrow and Sen stimulated interest in the area of normative public choice and normative theorists tended to concentrate on the government’s objectives being ultimately to maximise some social welfare function. Although Arrow2 proved that given certain conditions a social welfare function will be impossible to locate there has nevertheless been a tendency to overlook the motivation of individuals involved in public decision-making and to assume conveniently that their sole purpose is to maximise some given social welfare function.

Suggested Citation

  • Danny Hann, 1986. "The Theoretical Framework," Palgrave Macmillan Books, in: Government and North Sea Oil, chapter 3, pages 24-45, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-08083-0_3
    DOI: 10.1007/978-1-349-08083-0_3
    as

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