Tuesday, April 20, 2010
Query: Is Libertarianism Compatible with Public Choice Theory?
Are normative theories of libertarianism practicable given the logic of collective action, among other aspects of public choice theory? That is to say, is small government - or what Robert Nozick referred to as "the night watchman state," in contrast to the welfare (or "nanny") state - possible in a world comprised of interest groups seeking and competing for government-provided rents. I have to think someone has taken a serious look at this issue by now.