Public choice and the social beneficiary

Mariana Iovițu and Florina Bran ()
Additional contact information
Mariana Iovițu: Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2015, vol. XXII, issue 2(603), Summer, 91-102

Abstract: Using the scientific tools for the positive-normative binomial approach, the present paper deals with the manner in which the “second best theory” represents the basis for the “public choice theory” in terms of rational allocation of resources between economy’s different components (sectors). For example purposes, it was examined the manner in which the ecological efficiency is found in the economic decision assessment system. Any development program that will be limited to the purely economic interactions, neglecting thus the repercussion on the social and ecological component is, from the start, unrealistic because not everything that is economically efficient is also socially efficient. The governmental intervention aims to correct the market failures in terms of rational resource allocation.

Keywords: public choice theory; the second-best theory; ecological efficiency; externalities; self-organized governance. (search for similar items in EconPapers)
Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://store.ectap.ro/articole/1085.pdf (application/pdf)
http://www.ectap.ro/articol.php?id=1085&rid=119 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxii:y:2015:i:2(603):p:91-102

Access Statistics for this article

Theoretical and Applied Economics is currently edited by Mircea Dinu

More articles in Theoretical and Applied Economics from Asociatia Generala a Economistilor din Romania / Editura Economica Contact information at EDIRC.
Bibliographic data for series maintained by Mircea Dinu ().