How does public choice theory view government?
As composed of nearly perfectly rational and self-interested actors
As always correct
As always incorrect
As unnecessary
Answer
Public choice theory is a school of thought that views government as composed of nearly perfectly rational and self-interested actors. Public choice theorists believe that government officials are no different from any other person in that they are motivated by self-interest. This means that they will make decisions that are in their own best interests, even if those decisions are not in the best interests of the general public.
The Mind of Economics: Unleashing the Legacy of James M. Buchanan
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