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Economic Vote: Portugal in the first two decades of the 21st century

Author

Listed:
  • Rodrigo Martins

    (University of Coimbra, CeBER, Faculty of Economics)

  • Mário Domingos

    (University of Coimbra, Faculty of Economic)

Abstract

Economic and political phenomena coexist in society, but are often seen as divergent spheres of human action and interaction. A theoretical manifestation of this separation is the assumption that while economic agents act in their own self-interest, political agents are motivated by the public interest. Additionally, it is commonly assumed – if only implic-itly – that political agents possess all the necessary knowledge for rational action, effectively portraying political agents as omniscient beings. Drawing on public choice theory and on the economic literature on the nature of knowledge, we review arguments that challenge the two assumptions.

Suggested Citation

  • Rodrigo Martins & Mário Domingos, 2025. "Economic Vote: Portugal in the first two decades of the 21st century," Notas Económicas, Faculty of Economics, University of Coimbra, issue 59, pages 35-48, July.
    • Handle: RePEc:gmf:journl:y:2025:i:59:p:35:48
    DOI: 10.14195/2183-203X_59_2
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    Keywords

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    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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