Information and Public Choice

Information and Public Choice
Author: Roumeen Islam
Publisher: World Bank Publications
Total Pages: 250
Release: 2008-06-06
Genre: Social Science
ISBN: 0821375164

The ability of the media to affect outcomes in economic and political markets has been well documented. News reporting and advertising influence consumer behavior in goods and services markets by revealing (or selectively revealing) information about a product, acting as agenda setters to influence consumer demand, or enhancing competition in markets by alerting consumers to substitutes. In political markets, they can affect behavior by informing voters about a politician's views or actions, enlightening citizens to outcomes of public policy, or taking a stance on political, social, or economic issues. For businesses, households, and most others, the media is the main source of information on public policy choices and current social and economic conditions. As a result, what news the media chooses to gather, analyze and disseminate--and the slant they choose to put on what they report--is of consequence. 'Information and Public Choice' addresses the factors that affect the content and reach of news coverage as well as its impact on public policy. The book addresses both market constraints that affect media--particularly news content--and the impact that news reporting has on economic and political choices. The authors examine a range of issues, including bias or slant in media reporting, the impact of markets and nonmarket factors on news reporting, and the role of government regulation of the media sector in developing countries. The studies in this volume provide new evidence and a good summary of previous research on the power of the media. An invaluable guide for those concerned about the impact of media on economic and political outcomes, 'Information and Public Choice' draws attention to an under-researched yet important area of economics.

The Theory of Public Choice--II

The Theory of Public Choice--II
Author: James M. Buchanan
Publisher: University of Michigan Press
Total Pages: 468
Release: 1984
Genre: Business & Economics
ISBN: 9780472080410

Discusses voting, tax policy, government regulation, redistribution of wealth, and international negotiation in a new approach to government

Public Finance and Public Choice

Public Finance and Public Choice
Author: James M. Buchanan
Publisher: MIT Press
Total Pages: 283
Release: 1999-10-12
Genre: Business & Economics
ISBN: 0262261618

In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies. They apply their differing economic and political philosophies to a variety of key issues. Each presentation is followed by a response and general discussion.

Public Choice, Past and Present

Public Choice, Past and Present
Author: Dwight R. Lee
Publisher: Springer Science & Business Media
Total Pages: 256
Release: 2012-12-09
Genre: Political Science
ISBN: 1461459095

In 1962, economists James M. Buchanan and Gordon Tullock published The Calculus of Consent, in which they developed the principles of public choice theory. In the fifty years since its publication, the book has defined the field and set the standard for research and analysis. To celebrate a half-century of scholarship in public choice, Dwight Lee has assembled distinguished academics from around the world to reflect on the influence of this monumental publication, and, more broadly, the legacy of its legendary authors. Their essays cover a broad spectrum of topics and approaches, from the impact of public choice theory on foreign policy analysis to personal remembrances of learning from and collaborating with Buchanan and Tullock. The result is a unique collection of insights that celebrate public choice and its visionary proponents, while considering its future directions. ​

Information and Public Choice

Information and Public Choice
Author:
Publisher:
Total Pages: 231
Release: 2008
Genre: Communication in economic development
ISBN:

"Information and Public Choice addresses the factors that affect the content and reach of news coverage as well as its impact on public policy. The book addresses both market constraints that affect media - particularly news content - and the impact that news reporting has on economic and political choices. The authors examine the range of issues, including bias or slant in media report that the impact of market and nonmarket factors on news reporting, and the role of government regulation of the media sector in developing countries. A guide for those concerned about the impact of media on economic and political outcomes, Information and Public Choice draws attention to an under-researched yet important area of economics."--Résumé de l'éditeur.

Public Choice Theory and the Illusion of Grand Strategy

Public Choice Theory and the Illusion of Grand Strategy
Author: Richard Hanania
Publisher: Routledge
Total Pages: 206
Release: 2021-12-28
Genre: Political Science
ISBN: 100051403X

This book argues that while the US president makes foreign policy decisions based largely on political pressures, it is concentrated interests that shape the incentive structures in which he and other top officials operate. The author identifies three groups most likely to be influential: government contractors, the national security bureaucracy, and foreign governments. This book shows that the public choice perspective is superior to a theory of grand strategy in explaining the most important aspects of American foreign policy, including the war on terror, policy toward China, and the distribution of US forces abroad. Arguing that American leaders are selected to respond to public opinion, not necessarily according to their ability to formulate and execute long-terms plans, the author shows how mass attitudes are easily malleable in the domain of foreign affairs due to ignorance with regard to the topic, the secrecy that surrounds national security issues, the inherent complexity of the issues involved, and most importantly, clear cases of concentrated interests. The book will be of interest to students and scholars of American Studies, Foreign Policy Analysis and Global Governance.

Government By The Market?

Government By The Market?
Author: Peter Self
Publisher: Routledge
Total Pages: 218
Release: 2021-01-07
Genre: Political Science
ISBN: 0429720270

Recent decades have seen the study of politics invaded by economic theories, methods and techniques. This book gives a concise, non- technical account of these 'public choice' theories and examines their influence upon government policies in English-speaking countries. Issues covered include slimming the state, privatising welfare and re- structuring government. Final chapters offer an alternative view of the basis of good government. This book offers a unique survey and critique of the ideas and influence of an important branch of political thought and it links with market theories. It is vital reading for students of both politics and economics.

Government Failure

Government Failure
Author: Gordon Tullock
Publisher: Cato Institute
Total Pages: 211
Release: 2002-05-01
Genre: Political Science
ISBN: 1935308009

When market forces fail us, what are we to do? Who will step in to protect the public interest? The government, right? Wrong. The romantic view of bureaucrats coming to the rescue confuses the true relationship between economics and politics. Politicians often cite "market failure" as justification for meddling with the economy, but a group of leading scholars show the shortcomings of this view. In Government Failure, these scholars explain the school of study known as "public choice," which uses the tools of economics to understand and evaluate government activity. Gordon Tullock, one of the founders of public choice, explains how government "cures" often cause more harm than good. Tullock provides an engaging overview of public choice and discusses how interest groups seek favors from government at enormous costs to society. Displaying the steely realism that has marked public choice, Tullock shows the political world as it is, rather than as it should be. Gordon Brady scrutinizes American public policy, looking closely at international trade, efforts at regulating technology, and environmental policy. At every turn Brady points out the ways in which interest groups have manipulated the government to advance their own agendas. Arthur Seldon, a seminal scholar in public choice, provides a comparative perspective from Great Britain. He examines how government interventions in the British economy have led to inefficiency and warns about the political centralization promised by the European Community. Government Failure heralds a new approach to the study of politics and public policy. This book enlightens readers with the basic concepts of public choice in an unusually accessible way to show the folly of excessive faith in the state.

Perspectives on Public Choice

Perspectives on Public Choice
Author: Dennis C. Mueller
Publisher: Cambridge University Press
Total Pages: 692
Release: 1997
Genre: Business & Economics
ISBN: 9780521556545

This five-part volume surveys the main ideas and contributions to the field of public choice.

Public Choice Theory and Local Government

Public Choice Theory and Local Government
Author: George A. Boyne
Publisher: Springer
Total Pages: 213
Release: 1998-08-10
Genre: Political Science
ISBN: 0230373097

This book evaluates the validity of a key proposition of public choice theory: that competition is associated with superior performance by governmental organisations. Three forms of competition in local government are identified: competition between local authorities, competition between councils and private contractors, and competition between parties for political power. The extent and consequences of competition are assessed in both the UK and USA. The analysis is used to draw conclusions on the effects of competition and the validity of public choice theory.