public choice

All posts tagged public choice

Winter Break Edition

Published December 22, 2014 by Mayrbear's Lair

Winter Break Monday 1

(Blog Repost from January 23, 2013)

POLITICAL ECONOMY

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Some scholars define political economy as the application and practice of formal economics. In other words, it is the so-called rational actor model to all types of human behavior, particularly socio-political behavior. The economic theory of politics, often referred to as public choice, can be used to integrate economic and political studies of international relationships, since public choice is part of a larger endeavor which seeks to apply a rational behavior approach (Talani, 2004).

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