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The Economics of Public Choice, Second Edition

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In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. The author evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour, and the growth of government and bureaucracy. New material in this second edition includes:

  • the introduction of a moral choice set and a new methodology for the treatment of the concept of fairness
  • a...