Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars.
This Advanced Introduction presents a focused narrative about political decision-making ba sed on the work that has defined public choice as a discipline. Randall G. Holcombe emphasizes the theoretical foundations of public choice, examining the way that voter preferences are aggregated through democratic decision-making, the way that political exchange leads to the production of public policy, and the way that the constitutional framework within which political activity takes place is designed. He provides a concise discussion of the main models of public choice in an engaging manner, giving readers a foundation for understanding the theoretical and empirical work in the field. Each chapter ends with a notes section that discusses the research on which the chapter is based, with an emphasis on the pioneering work that has shaped the development of public choice.
Undergraduate and graduate students in economics, political science and public administration will find this introduction to be an essential resource for understanding political decision making. Instructors in those fields will find this book to be a useful and affordable text and an indispensable resource for teaching public choice.
Randall G. Holcombe, DeVoe Moore Professor of Economics, Florida State University, US
Contents: Part I: Introduction 1. Public Choice and Public Policy Part II: Aggregating Voter Preferences 2. The Politics of Left and Right 3. Institutions: Proportional vs. Plurality; Parliamentary vs. Presidential 4. Political Strategy: Turnout and the Distribution of Preferences 5. Multidimensional Issue Space 6. Why Do People Vote? Rational Ignorance, Expressive Voting, Rational Irrationality Part III: Designing Public Policy 7. Transaction Costs and Political Exchange 8. Political Markets: Interest Groups, Rent-Seeking, and Regulatory Capture 9. Bureaucracy 10. Political Organization: Districts, Committees, and Institutional Design 11. Political Entrepreneurship Part IV: Constitutional Design 12. Constitutional and Post-Constitutional Decision-Making 13. Interest Groups and Constitutional Evolution 14. Checks and Balances: Elites and Masses Index