Public Choice Theory. A Textbook. Chapter 2. Basic Concepts

Rustem Nureev

Voprosy Ekonomiki, 2002, vol. 9

Abstract: The basic concepts of public choice theory are considered in the second chapter of the textbook. Among them are: public needs, public goods, state resources, opportunity cost of public goods production. Contractual bases for the theory of economic and political decision-making on the constitutional and post-constitutional stages are analyzed. The author proposes the original model of political and economic (business) circular flow and shows the role of participants of the political process (voters, politicians and bureaucrats) on the political and public goods markets. Modern forms of political systems are studied. The chapter also includes further readings, control tests and questions.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:2002-9-9

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