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Published in:
2019 | OriginalPaper | Chapter
Friedrich Schneider Recommends “Public Choice III” by Dennis C. Mueller
Author : Friedrich Schneider
Published in: 21st Century Economics
Publisher: Springer International Publishing
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Abstract
Public choice is the study of behaviour at the intersection of economics and political science. Constitutional political economy provides important insights into the relationship between effective constitutions and the behaviour of ordinary political markets. The use of the public choice analysis in politics and economics has overall not been as successful in policy advice and is not as important in overall economics as we, the public choice scholars, wish it to be. The victory of public choice in mainstream economics may not yet have arrived, and the share of public choice contributions remains small. Nevertheless, I am convinced that there will be a great future in public choice.