Friday, January 8, 2010

A Conundrum for Public Choice Theorists?

If you believe, pursuant to public choice theory (including the logic of collective action), that more government leads to more rent-seeking, and therefore that government should be smaller, is there anything in public choice theory that provides any reason to believe that smaller government is a feasible outcome of political processes? In other words, is positive public choice theory consistent with political outcomes that public choice theorists, including for example Buchanan and Tullock, would (normatively) prefer?

Perhaps this question has already been addressed somewhere in the literature. If so, I have not seen it.

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