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020 _a1852781602
082 _a302.13 PUB
245 0 _aPublic choice theory : homo economics in the political market place / edited by Charles K. Rowley
245 0 _nV.2
260 _aEngland
260 _bElger Pub.
260 _c1993
300 _a3 Vol. (xxix, 443; vii, 477;x, 612).
520 _aExcerpt from the Introduction: Public choice - or the economics of politics - is a relatively new science located at the interface between economics and politics, founded in 1948 by Duncan Black, who died in 1991 without ever achieving full recognition as the Founding Father of the discipline. Its practitioners seek to understand and to predict the behaviour of political markets by utilizing the analytical techniques of economics, most notably the rational choice postulate, in the modelling of non-market decision-making behaviour. Public choice, thus defined, is a positive science concerned with what is or what conditionally might be. Its normative counterpart, concerned with what should be, is social choice, the subject-matter of separate volumes.
650 _aSocial choice
942 _cB
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