How public policy based on the public choice theory


How might a public policy be based on the Public Choice Theory?

Public choice is generally concerned with the preservation of the civil order necessary to maintain individual preference and marketplace solutions. Public choice theorists concede that the pure pursuit of individual gain through the marketplace potentially leads to the destruction or loss of public goods basic necessities often held in common and needed by all citizens in order to survive (e.g., air or water).

Public choice theory is a valuable tool for understanding the policy process; the motivations of individual citizens in the political process are often shaped by self-interest.

Public choice theory explains interest group politics. Many goods and services provided by government offer a general benefit for all citizens (e.g., defense, police protection, and basic education), but the cost and benefit per citizen is usually relatively small.

Solution Preview :

Prepared by a verified Expert
Other Management: How public policy based on the public choice theory
Reference No:- TGS01755226

Now Priced at $25 (50% Discount)

Recommended (94%)

Rated (4.6/5)

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.