Pages and their treatment at the US Congress are in the news (just as interns at the White House were in a previous administration). Don Boudreaux at Cafe Hayek points out how pages and interns at the centre of American power have a unique opportunity to see what Stephen Hicks describes as "public choice economics in action."
(For those unfamiliar with public choice theory, here's a primer.)
LINK: Paging through Congress - Cafe Hayek
Public choice theory - Concise Encyclopaedia of Economics
RELATED: Politics-US, Economics
Tuesday, 10 October 2006
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I wondered if the "Public choice theory" is the same one as "Discrete Choice Model" (DCM) theory , but perhaps worded slightly different ?
ReplyDeleteBy reading the web page for "Public choice theory" it does look similar to the description of DCM.
"Wikipedia : Discrete choice"
http://en.wikipedia.org/wiki/Discrete_choice