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Archive of posts published in the tag: Public Choice Theory

Public Choice Theory

“From public choice theory, we also know that government actors have an incentive to pursue shortsighted policies that create highly visible benefits to voters now and impose uncertain costs at some point in the future.”

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The Nirvana Fallacy

“Assuming some benevolent government will institute quick and perfect Keynesian business cycle corrections that maintain full employment, or that government provision or regulation will result in ideal outcomes in other markets, leads to unwise policy making—and to public displeasure with the outcomes of government.”

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