Description

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 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.

The Economics of Public Choice, Second Edition

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£121.00

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Hardback by Patrick A. McNutt

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In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 27/03/2002
    ISBN13: 9781840641936, 978-1840641936
    ISBN10: 1840641932

    Number of Pages: 360

    Non Fiction , Business, Finance & Law

    Description

    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 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.

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