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A subjectivist’s solution to the limits of public choice

  • Anthony Evans

    ()

In light of Wittman ( 1995 ) and Caplan ( 2007 ) this paper contends that the rational-choice approach to political science (“Public Choice theory”) has reached a dead end. By critiquing their treatment of rationality, knowledge assumptions, and views of the democratic process, an alternative is presented based on the core insight of the “Epistemic Primacy Thesis”. This subjectivist approach to political economy is introduced in light of an existing debate between the compatibility (or otherwise) of Austrian economics and Public Choice theory. Copyright Springer Science+Business Media New York 2014

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File URL: http://hdl.handle.net/10.1007/s11138-013-0227-7
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Article provided by Springer in its journal The Review of Austrian Economics.

Volume (Year): 27 (2014)
Issue (Month): 1 (March)
Pages: 23-44

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Handle: RePEc:kap:revaec:v:27:y:2014:i:1:p:23-44
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  1. Caplan, Bryan, 2003. "The idea trap: the political economy of growth divergence," European Journal of Political Economy, Elsevier, vol. 19(2), pages 183-203, June.
  2. Buchanan, James M & Vanberg, Viktor J, 2002. " Constitutional Implications of Radical Subjectivism," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 121-29, June.
  3. Bryan Caplan & Edward Stringham, 2005. "Mises, bastiat, public opinion, and public choice," Review of Political Economy, Taylor & Francis Journals, vol. 17(1), pages 79-105.
  4. Torsten Persson & Guido Tabellini, 2004. "Constitutions and Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 75-98, Winter.
  5. Caplan, Bryan, 2001. " Rational Irrationality and the Microfoundations of Political Failure," Public Choice, Springer, vol. 107(3-4), pages 311-31, June.
  6. Sutter, Daniel, 2002. " The Democratic Efficiency Debate and Definitions of Political Equilibrium," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 199-209, June.
  7. Pasour, E C, Jr, 1992. " Economists and Public Policy: Chicago Political Economy versus Conventional Views," Public Choice, Springer, vol. 74(2), pages 153-67, September.
  8. Peter J. Boettke, 1995. "Hayek's The Road to Serfdom Revisited: Government Failure in the Argument against Socialism," Eastern Economic Journal, Eastern Economic Association, vol. 21(1), pages 7-26, Winter.
  9. Michael Wohlgemuth, 1995. "Economic and political competition in neoclassical and evolutionary perspective," Constitutional Political Economy, Springer, vol. 6(1), pages 71-96, December.
  10. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
  11. Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April.
  12. MacKenzie, D.W., 2008. "The use of knowledge about society," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 678-688, September.
  13. Bryan Caplan, 2005. "Rejoinder to Wittman: True Myths," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 165-185, August.
  14. Roger Congleton, 1986. "Rent-seeking aspects of political advertising," Public Choice, Springer, vol. 49(3), pages 249-263, January.
  15. Anthony Evans, 2009. "Constitutional moments in Eastern Europe and subjectivist political economy," Constitutional Political Economy, Springer, vol. 20(2), pages 118-138, June.
  16. Stefan Sinn, 1992. "The taming of Leviathan: Competition among governments," Constitutional Political Economy, Springer, vol. 3(2), pages 177-196, March.
  17. Lopez, Edward J, 2002. " The Legislator as Political Entrepreneur: Investment in Political Capital," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 211-28, June.
  18. Donald Wittman, 2005. "Second Reply to Caplan: The Power and the Glory of the Median Voter," Econ Journal Watch, Econ Journal Watch, vol. 2(2), pages 186-195, August.
  19. Weingast, Barry R, 1995. "The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development," Journal of Law, Economics and Organization, Oxford University Press, vol. 11(1), pages 1-31, April.
  20. Donald Wittman, 2005. "Reply to Caplan: On the Methodology of Testing for Voter Irrationality," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 22-31, April.
  21. Peter Boettke & Christopher Coyne & Peter Leeson, 2007. "Saving government failure theory from itself: recasting political economy from an Austrian perspective," Constitutional Political Economy, Springer, vol. 18(2), pages 127-143, June.
  22. Holcombe, Randall G, 2002. " Political Entrepreneurship and the Democratic Allocation of Economic Resources," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 143-59, June.
  23. Robert Tollison, 1989. "Chicago Political Economy," Public Choice, Springer, vol. 63(3), pages 293-297, December.
  24. Dani Rodrik, 1996. "Understanding Economic Policy Reform," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 9-41, March.
  25. Ikeda, Sanford, 2003. " How Compatible Are Public Choice and Austrian Political Economy?," The Review of Austrian Economics, Springer, vol. 16(1), pages 63-75, March.
  26. Boettke, Peter J & Lopez, Edward J, 2002. " Austrian Economics and Public Choice," The Review of Austrian Economics, Springer, vol. 15(2-3), pages 111-19, June.
  27. James M. Buchanan, 1954. "Individual Choice in Voting and the Market," Journal of Political Economy, University of Chicago Press, vol. 62, pages 334.
  28. Bryan Caplan, 2005. "From Friedman to Wittman: The Transformation of Chicago Political Economy," Econ Journal Watch, Econ Journal Watch, vol. 2(1), pages 1-21, April.
  29. Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
  30. Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416.
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