Book contents
- Frontmatter
- Contents
- Table and Figures
- Preface
- 1 Economics without Apology
- 2 Back to the Future: Political Economy
- 3 In Another's Shoes: Games, Strategies, and Economics
- 4 It Takes Two or More: Public Economics and Collective Action
- 5 Government for the Politician? Public and Social Choice
- 6 Institutions Matter: The New Institutional Economics
- 7 Knowledge Is Power: Asymmetric Information
- 8 Everything Ties Together: General Equilibrium
- 9 Laboratory Economics: Of Rats and Men
- 10 Before Yesterday and Beyond Tomorrow: Intergenerational Economics
- 11 Fish, Space, and Spaceship Earth: Bioeconomics and Interdisciplinary Economics
- 12 Crystal Ball Economics: Rational Expectations
- 13 How Do We Get There from Here? Transition Economies and Policy Reforms
- 14 Economic Growth: Endogeneity, Institutions, and Other Concepts
- 15 Economic Visions of Future Horizons
- References
- Author Index
- Subject Index
5 - Government for the Politician? Public and Social Choice
Published online by Cambridge University Press: 14 May 2010
- Frontmatter
- Contents
- Table and Figures
- Preface
- 1 Economics without Apology
- 2 Back to the Future: Political Economy
- 3 In Another's Shoes: Games, Strategies, and Economics
- 4 It Takes Two or More: Public Economics and Collective Action
- 5 Government for the Politician? Public and Social Choice
- 6 Institutions Matter: The New Institutional Economics
- 7 Knowledge Is Power: Asymmetric Information
- 8 Everything Ties Together: General Equilibrium
- 9 Laboratory Economics: Of Rats and Men
- 10 Before Yesterday and Beyond Tomorrow: Intergenerational Economics
- 11 Fish, Space, and Spaceship Earth: Bioeconomics and Interdisciplinary Economics
- 12 Crystal Ball Economics: Rational Expectations
- 13 How Do We Get There from Here? Transition Economies and Policy Reforms
- 14 Economic Growth: Endogeneity, Institutions, and Other Concepts
- 15 Economic Visions of Future Horizons
- References
- Author Index
- Subject Index
Summary
Have you ever wondered why discount stores all locate in the same parts of the city, and are typically right next to one another? This is also true of car dealers, bookshops, furniture stores, antique dealers, and fast-food restaurants. Travel to other countries and you observe the same phenomenon. What does this clustering of similar stores have to do with candidates in two-party elections espousing almost identical positions? Among the major candidates who ran for US president in the 2000 primary campaign, it was virtually impossible from listening to their positions – if they bothered to reveal one – to know their party affiliations. Is John McCain a Republican or a Democrat? The same question could be asked about Bill Bradley. Party labels have become less descriptive of candidates' positions. This is not only true in the United States; for example, is Britain's Tony Blair a Tory or a Labour Party member? The field of public choice, which applies economic methods to the study of political science, addresses the convergence of candidates' platforms as well as myriad other questions. These questions include the following. Does a multiparty system provide more choice than its two-party counterpart? Does logrolling serve a useful purpose, or does it lead inevitably to too much government as vote trading allows for the passage of more spending programs? Can majority rule lead to the efficient provision of public goods?
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- Chapter
- Information
- Economic Concepts for the Social Sciences , pp. 76 - 94Publisher: Cambridge University PressPrint publication year: 2001