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Public Choice and Constitutional Political Economy

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The Encyclopedia of Public Choice

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Abstract

Public choice — or the economics of politics — is a relatively new science located at the interface between economics and politics (Rowley 1993, Mueller 1997, and Shughart and Razzolini 2001). It was founded in 1948 by Duncan Black, who died in 1991 without ever achieving full recognition as the Founding Father of the discipline (Tullock 1991). Its practitioners seek to understand and to predict the behavior of political markets by utilizing the analytical techniques of economics, most notably the rational choice postulate, in the modeling of non-market decision-making behavior.

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Authors and Affiliations

  1. James M. Buchanan Center for Political Economy, George Mason University, USA

    Charles K. Rowley (Duncan Black Professor of Economics, General Director)

  2. The Locke Institute, Fairfax, Virginia

    Charles K. Rowley (Duncan Black Professor of Economics, General Director)

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Editors and Affiliations

  1. The Locke Institute, George Mason University, USA

    Charles K. Rowley

  2. Institute of Economic Policy, Johannes Kepler University of Linz, Austria

    Friedrich Schneider

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Rowley, C.K. (2004). Public Choice and Constitutional Political Economy. In: Rowley, C.K., Schneider, F. (eds) The Encyclopedia of Public Choice. Springer, Boston, MA. https://doi.org/10.1007/978-0-306-47828-4_1

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