Economics Dictionary of ArgumentsHome
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| Political science: Political science is the study of government systems, political behavior, and public policies. It examines the theory and practice of politics, analyzing structures, power dynamics, and the impact of institutions on societies. See also Political Theory, Politial Philosophy._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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James M. Buchanan on Political Science - Dictionary of Arguments
Boudreaux I 70 Political science/Economy/Buchanan/Boudreaux/Holcombe: Buchanan argued that it is inappropriate to compare real-world markets to a theoretical but likely unobtainable optimum. Rather, the same tools that economists use to analyze the market allocation of resources should be used to analyze political decision-making. Real-world market outcomes should be compared with real-world political outcomes to evaluate whether government intervention in the allocation of resources could result in an improvement. This method was at the foundation of the public choice revolution. Public choice looks at the information available to government decision-makers - often they do not have the information necessary to find that theoretical optimum - and the incentives that government decision-makers face. Even with perfect information, political decision-makers might find it in their interests to make decisions that benefit themselves and their cronies rather than to work to further the interests of their constituents. The same tools developed by economic science can, and should, be applied to analyze political decision-making. >Public Choice, >Public Choice Theory, >About Public Choice._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconBuchan I James M. Buchanan Politics as Public Choice Carmel, IN 2000 Boudreaux I Donald J. Boudreaux Randall G. Holcombe The Essential James Buchanan Vancouver: The Fraser Institute 2021 Boudreaux II Donald J. Boudreaux The Essential Hayek Vancouver: Fraser Institute 2014 |
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