1 / 4

ECO 481: Public Choice Theory

ECO 481: Public Choice Theory. Introduction to Public Choice. Dr. Dennis Foster 523-8178, FCB #308 Office Hours –Wed: 1:30 pm - 5:30 pm; and by appointment. What is it all about?. “New theory.” Are public “actors” different than private ones? Voter=consumer and politician=businessman

vera-manning
Download Presentation

ECO 481: Public Choice Theory

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ECO 481:Public Choice Theory Introduction to Public Choice Dr. Dennis Foster 523-8178, FCB #308 Office Hours –Wed: 1:30 pm - 5:30 pm; and by appointment.

  2. What is it all about? • “New theory.” • Are public “actors” different than private ones? • Voter=consumer and politician=businessman • Even where we agree about private sector, gov’t is involved. • Toy regulation on Stossel:http://www.youtube.com/watch?v=-r3aMsXPmXQ) • Does government solve all our problems? Does it solve any? “Too late, too much, too long.” • “Welfare economists” – focus on “market failure.” • They’re looking for flaws in a perfect system!

  3. Can government deliver on promises? • Health care? Jobs? Global warming? • Are fiscal improvements “not only thinkable but even fashionable and, perhaps, politically expedient?” • Public choice as a theory of government failure. • Some observations: • Government isn’t the default for fixing “problems.” • Market alternatives getting more serious attention. • Decentralization & competition viewed more favorably. • Review reading list for weeks 1 and 2.

  4. ECO 481:Public Choice Theory Introduction to Public Choice Dr. Dennis Foster 523-8178, FCB #308 Office Hours –Wed: 1:30 pm - 5:30 pm; and by appointment.

More Related