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According to Buchanan's work, do politicians primarily seek monetary-wealth maximization?
No
Yes
Only sometimes
Only in certain country contexts
Answer
Buchanan's theory of public choice argues that politicians are motivated by re-election rather than monetary wealth maximization. This is because politicians need to be elected in order to maintain their power and influence, and they can only be re-elected if they can provide benefits to their constituents.
The Mind of Economics: Unleashing the Legacy of James M. Buchanan
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