Research

The Economics of Politics


SUGGESTED ARTICLES

Economic Theory

An analysis of the misuse of economic theory for political profiteering

Research

With a Prologue by Charles K. Rowley and an Epilogue by John Burton

Introduction to public choice theory

https://iea.org.uk/wp-content/uploads/2016/07/The Economics of Politics.pdf
People should be treated as rational utility-maximisers in all their behaviour. This central insight leads to the conclusion that institutions must be designed so that individual behaviour will further the interests of the group, small or large, local or national.

The economic theory of politics represents a rediscovery and elaboration of a part of the conventional wisdom of the 18th and 19th centuries, notably that which informed classical political economy.

IEA Readings 18

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