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Public Choice in the Big Sky

John Baden ()
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John Baden: Foundation for Research on Economics and the Environment

Chapter Chapter 12 in Public Choice, Past and Present, 2013, pp 169-183 from Springer

Abstract: Abstract The dominant theme of this chapter explains how public choice theory, with Gordon and Jim’s counsel and support, led to the development of the New Resource Economics. This initially occurred at Montana State University in the early 1970s but has spread beyond America, largely through academic publications, meetings, and contacts with the Mont Pelerin Society. The secondary but consistent idea involves the application of public choice to the operation of universities. The pathologies that caused Buchanan and Tullock to leave the University of Virginia were not aberrations. Rather, they are predictable consequences of the organization and reward structures of American universities. Public choice helps explain the causal mechanisms of bias and recognition in universities. Knowledge of public choice increases the ability to separate hopes and expectations. It fosters a wholesome, rewarding, and satisfying life while enmeshed in a university setting.

Keywords: Public Choice; Superfund Site; Liberty Fund; Economic Anthropology; Public Choice Scholar (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stpchp:978-1-4614-5909-5_12

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DOI: 10.1007/978-1-4614-5909-5_12

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