eco 481 public choice theory n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
ECO 481: Public Choice Theory PowerPoint Presentation
Download Presentation
ECO 481: Public Choice Theory

Loading in 2 Seconds...

play fullscreen
1 / 4

ECO 481: Public Choice Theory - PowerPoint PPT Presentation


  • 147 Views
  • Uploaded on

ECO 481: Public Choice Theory. Introduction to Public Choice. Dr. Dennis Foster 523-8178, FCB #308 Office Hours –Wed: 1:30 pm - 5:30 pm; and by appointment. What is it all about?. “New theory.” Are public “actors” different than private ones? Voter=consumer and politician=businessman

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'ECO 481: Public Choice Theory' - vera-manning


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
eco 481 public choice theory

ECO 481:Public Choice Theory

Introduction to Public Choice

Dr. Dennis Foster

523-8178, FCB #308

Office Hours –Wed: 1:30 pm - 5:30 pm;

and by appointment.

what is it all about
What is it all about?
  • “New theory.”
  • Are public “actors” different than private ones?
    • Voter=consumer and politician=businessman
  • Even where we agree about private sector, gov’t is involved.
    • Toy regulation on Stossel:http://www.youtube.com/watch?v=-r3aMsXPmXQ)
  • Does government solve all our problems? Does it solve any? “Too late, too much, too long.”
  • “Welfare economists” – focus on “market failure.”
    • They’re looking for flaws in a perfect system!
slide3

Can government deliver on promises?

    • Health care? Jobs? Global warming?
  • Are fiscal improvements “not only thinkable but even fashionable and, perhaps, politically expedient?”
  • Public choice as a theory of government failure.
  • Some observations:
    • Government isn’t the default for fixing “problems.”
    • Market alternatives getting more serious attention.
    • Decentralization & competition viewed more favorably.
  • Review reading list for weeks 1 and 2.
eco 481 public choice theory1

ECO 481:Public Choice Theory

Introduction to Public Choice

Dr. Dennis Foster

523-8178, FCB #308

Office Hours –Wed: 1:30 pm - 5:30 pm;

and by appointment.