How Compatible Are Public Choice and Austrian Political Economy?
Author Info Ikeda, Sanford Abstract Public choice relies heavily on equilibrium analysis in its models of government failure. Austrians are suspicious of equilibrium analysis owing to its reliance on some variant of the perfect-knowledge assumption. To what extent then can Austrians consistently embrace public-choice descriptions of government failure? This paper argues that to maintain methodological consistency public choice should jettison the equilibrium, perfect-information framework, while keeping the empirically relevant assumption of narrow political interest. Copyright 2003 by Kluwer Academic Publishers Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
