In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. The author evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour, and the growth of government and bureaucracy. New material in this second edition includes: the introduction of a moral choice set and a new methodology for the treatment of the concept of fairnessa positive theory of rent-seeking with empirical estimatesthe issue of legal barriers to entry and related themes; in particular how a legal barrier can affect consumer welfarea critical evaluation of the exchange and allocation of economic power and income inequality in developing countriesan overview of the global political economy which identifies the contribution of public choice.

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Bibliographic Details

Title: The Economics of Public Choice, Second Edition
Publisher: Edward Elgar Publishing Ltd, GB
Publication Date: 2002
Language: English
ISBN 10: 1840641932
ISBN 13: 9781840641936
Binding: Hardback
Edition: 2nd Edition
Condition: New

About this title

Synopsis

the introduction of a moral choice set and a new methodology for the treatment of the concept of fairness
a positive theory of rent-seeking with empirical estimates
the issue of legal barriers to entry and related themes; in particular how a legal barrier can affect consumer welfare
a critical evaluation of the exchange and allocation of economic power and income inequality in developing countries
an overview of the global political economy which identifies the contribution of public choice.

About the Author

Patrick A. McNutt, Business Consultant based in Dublin, ROI and Visiting Fellow, Alliance Manchester Business School, UK

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