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Textbook brings economics to life for students with its compelling public choice approach. The authors' focus stretches beyond the theory of how ideal markets work to the actual arena of political decision-making, interest group influence, and government policies. DLC: Economics.
This text investigates the intersection of market mechanisms and political decision-making processes to explain how government policy is shaped by incentives. Robert B. Ekelund and Robert D. Tollison utilize their extensive academic backgrounds to bridge the gap between abstract economic theory and the practical realities of political influence. The authors argue that understanding the behavior of interest groups and the constraints of political institutions is essential for a complete analysis of economic outcomes. By applying public choice theory, the text provides a framework for evaluating how government actions deviate from or align with market efficiency.
What You Will Find
Experts and educators frequently cite this text as a foundational resource for students seeking to understand the political economy beyond standard market models. Readers often note the academic density of the prose, which provides a rigorous introduction to the complexities of public choice theory.
Page Count:
896
Publication Date:
1999-12-06
Publisher:
Addison-Wesley
ISBN-10:
020165752X
ISBN-13:
9780201657524
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