Towards a Politics of Restraint.

Public choice theory, an analysis of politics based on economic principles, is often considered to be one of the major innovations in economics and political sciences in the second half of the twentieth century. In its formulation by James Buchanan and Gordon Tullock, public choice is commonly understood as one of the major theoretical building blocks in the development of neoliberal thought. It was also remarkably popular with economists and political scientists within the Dutch Labour Party (Partij van de Arbeid) in the mid-1970s. This latter fact is surprising since public choice was seemin... Mehr ...