The Public Choice Approach to the Explanation of Collective Consumption

Bruno Frey

Chapter 3 in The Grants Economy and Collective Consumption, 1982, pp 43-68 from Palgrave Macmillan

Abstract: Abstract This paper is about a major development in public sector economics that directly bears on collective consumption and its financing, and which is based on the economic theory of politics, otherwise known as Public Choice. The discussion puts particular emphasis on the research results reached in the last two or three years with respect to quantification of the hypotheses derived (in particular ‘politico-economic models’). These research results are relatively little known, but serve well to illustrate the new approach. The paper will attempt to show the consequences of using the Public Choice approach. The author believes that this constitutes a major change of view, with three areas of economics — positive economic theory, forecasting and economic policy — being particularly affected.

Keywords: Public Sector; Central Bank; Public Choice; Public Expenditure; Median Voter (search for similar items in EconPapers)
Date: 1982
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-05377-3_3

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DOI: 10.1007/978-1-349-05377-3_3

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