Rules versus authorities
Abstract
I present a brief history of modern public choice analysis as told through the lens of “rules versus authorities”, a dichotomy initially formulated by Henry C. Simons, University of Chicago professor to James M. Buchanan. Framing political decision-making as a choice between rules and authorities allows us to identify two necessary, motivating ideas for the emergence of public choice: (1) Governments are not monolithic, omniscient, social...
Paper Details
Title
Rules versus authorities
Published Date
May 3, 2018
Journal
Volume
175
Issue
3-4
Pages
219 - 228
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Notes
History