Public Choice Theory had Negligible Effect on Australian Microeconomic Policy, 1970s to 2000s

Jonathan Pincus

History of Economics Review, 2014, vol. 59, issue 1, 82-93

Abstract: Since The Calculus of Consent (1962), Public Choice has had little influence on the course of public policy in Australia and, in particular, virtually none on the seismic shift from a policy regime antagonistic to competition, to one that gives conditional approval. Competition, of the attenuated Arrow-Debreu type, led ineluctably to efficiency, if and only if ‘market failures’ and ‘government failures’ were corrected. The dismantling of tariff protection illustrates how Computable General Equilibrium modelling reflected the Arrow-Debreu program. Paradoxically, Public Choice antipathy towards interest groups helped create a vast space for public regulation by (presumptively) benevolent and disinterested public servants.

Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/18386318.2014.11681257 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Public Choice Theory had Negligible Effect on Australian Microeconomic Policy, 1970s to 2000s (2014)
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:taf:rherxx:v:59:y:2014:i:1:p:82-93

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rher20

DOI: 10.1080/18386318.2014.11681257

Access Statistics for this article

History of Economics Review is currently edited by John Harry Bloch and John Hawkins

More articles in History of Economics Review from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().