Ellig Public Choice January 2005

Public Choice: The Economics of Politics Jerry Ellig Senior Research Fellow

Key Economic Insights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Economic analysis of government ,[object Object],[object Object],[object Object],[object Object]

Government and the public interest ,[object Object],[object Object],[object Object],[object Object]

What is the “public interest”? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Identifying the public interest ,[object Object],[object Object],[object Object],[object Object],[object Object]

Public interest = what the govt. did ,[object Object],[object Object]

Despots or experts? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Revelation through voting ,[object Object],[object Object],[object Object]

Cyclical majority ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Stakeholder bargaining ,[object Object],[object Object]

Incentives and the public interest ,[object Object],[object Object],[object Object],[object Object]

What rules mitigate the knowledge and incentive problems? ,[object Object],[object Object],[object Object],[object Object]

Insights from the Economic Approach ,[object Object],[object Object],[object Object]

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