Politics without Romance

Public choice theory demonstrates why looking to government to fix things can often lead to more harm than good, as one of its leading architects and Nobel laureate James M. Buchanan explains.

Public choice should be understood as a research program rather than a discipline or even a sub-discipline of economics. Its origins date to the mid-20th century, and viewed retrospectively, the theoretical 'gap' in political economy that it emerged to fill seems so large that its development seems to have been inevitable.

James Buchanan
Publisher: The Centre for Independent Studies
Published in: Policy