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04-08-2023 | Book Review

Richard E. Wagner, Rethinking Public Choice. Cheltenham: Edward Elgar. 2023. v + 184 Pages. USD 110.00 (hardback)

Author: David J. Hebert

Published in: Public Choice | Issue 1-2/2024

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Excerpt

Richard E. Wagner's 'Rethinking Public Choice' advocates for an expanded analytical scope of public choice theory, integrating political economy to create a more comprehensive framework. The book introduces the concept of 'entangled political economy,' which focuses on enterprising individuals, deep subjectivism, and emergent outcomes. Wagner argues that political and economic phenomena should be studied through the lens of individual actions and interactions, rather than representative agents. This approach challenges traditional public choice tenets, offering a fresh perspective on how political and economic outcomes emerge from the complex interplay of individual actions and institutional structures.
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Metadata
Title
Richard E. Wagner, Rethinking Public Choice. Cheltenham: Edward Elgar. 2023. v + 184 Pages. USD 110.00 (hardback)
Author
David J. Hebert
Publication date
04-08-2023
Publisher
Springer US
Published in
Public Choice / Issue 1-2/2024
Print ISSN: 0048-5829
Electronic ISSN: 1573-7101
DOI
https://doi.org/10.1007/s11127-023-01091-8

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