First published in 1999, this book applies formal economic measures to the passenger and taxpayer benefits of public transit service in the United States under a public choice analytical framework. Approximately 400 local transit budgets have been renewed annually for more than 25 years. These budgets epitomize Braybrooke and Linblom’s concept of 'disjointed incrementalism' and Buchanan’s concept of 'Public Choice' since local legislators funded transit despite constant academic criticism of transit performance. On the other hand, Braybrooke and Lindblom and Buchanan show that local budgets capture benefits that traditional planning analysis does not grasp. This is borne out in analysis in the book. Indeed, far from draining society, transit returns five dollars in benefits for each one dollar of public subsidy. After explaining the analytical framework in Chapter 1, four chapters are devoted to measuring the value of transit benefits. The concluding chapter draws out the implications of this approach and of benefit measurement for policy and planning.
Planning and the Political Market argues that the enthusiasm for planning as an essential component of environmental protection is misplaced. Drawing on the experience of Britain and other Western democracies, the author uses public choice theory to explore the practical experience of land use planning as an example of government failure. The book opens by outlining the institutional focus of public choice theory, examining the central questions of market and government failure and the theoretical case for government intervention in the environment. Having explored the principal impacts of planning the book goes on to analyse the institutional structures which have produced these policy outcomes. The analysis suggests that institutional incentives within the 'political market' have frequently led to policies which favour special interest groups and public sector bureaucracy. The book concludes with an assessment of the potential for a private property rights, free market alternative to increase community involvement and access.
This book argues that while the US president makes foreign policy decisions based largely on political pressures, it is concentrated interests that shape the incentive structures in which he and other top officials operate. The author identifies three groups most likely to be influential: government contractors, the national security bureaucracy, and foreign governments. This book shows that the public choice perspective is superior to a theory of grand strategy in explaining the most important aspects of American foreign policy, including the war on terror, policy toward China, and the distribution of US forces abroad. Arguing that American leaders are selected to respond to public opinion, not necessarily according to their ability to formulate and execute long-terms plans, the author shows how mass attitudes are easily malleable in the domain of foreign affairs due to ignorance with regard to the topic, the secrecy that surrounds national security issues, the inherent complexity of the issues involved, and most importantly, clear cases of concentrated interests. The book will be of interest to students and scholars of American Studies, Foreign Policy Analysis and Global Governance.
This book applies formal economic measures to the passenger and taxpayer benefits of public transit service in the United States under a public choice analytical framework. Approximately 400 local transit budgets have been renewed annually for more than 25 years. These budgets epitomize Braybrooke and Linblom’s concept of 'disjointed incrementalism' and Buchanan’s concept of 'Public Choice' since local legislators funded transit despite constant academic criticism of transit performance. On the other hand, Braybrooke and Lindblom and Buchanan show that local budgets capture benefits that traditional planning analysis does not grasp. This is borne out in analysis in the book. Indeed, far from draining society, transit returns five dollars in benefits for each one dollar of public subsidy. After explaining the analytical framework in Chapter 1, four chapters are devoted to measuring the value of transit benefits. The concluding chapter draws out the implications of this approach and of benefit measurement for policy and planning.
First published in 1999, this book applies formal economic measures to the passenger and taxpayer benefits of public transit service in the United States under a public choice analytical framework. Approximately 400 local transit budgets have been renewed annually for more than 25 years. These budgets epitomize Braybrooke and Linblom's concept of 'disjointed incrementalism' and Buchanan's concept of 'Public Choice' since local legislators funded transit despite constant academic criticism of transit performance. On the other hand, Braybrooke and Lindblom and Buchanan show that local budgets capture benefits that traditional planning analysis does not grasp. This is borne out in analysis in the book. Indeed, far from draining society, transit returns five dollars in benefits for each one dollar of public subsidy. After explaining the analytical framework in Chapter 1, four chapters are devoted to measuring the value of transit benefits. The concluding chapter draws out the implications of this approach and of benefit measurement for policy and planning.
"This two-volume collection provides a comprehensive overview of the past seventy years of public choice research, written by experts in the fields surveyed. The individual chapters are more than simple surveys, but provide readers with both a sense of the progress made and puzzles that remain. Most are written with upper level undergraduate and graduate students in economics and political science in mind, but many are completely accessible to non-expert readers who are interested in Public Choice research. The two-volume set will be of broad interest to social scientists, policy analysts, and historians"--
Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.
'. . . this compendium offers a solid introduction into an economic field that is gaining in influence.' – Detmar Doering, Frankfurter Allgemeine Zeitung 'The first essay in this volume, "Public Choice at the Millennium," by the two editors, sets a high standard for all the essays to follow. . . The essay takes us through the early history of public choice research in a particularly lucid fashion. . . This first article is destined to be a must-read on many reading lists on both graduate and undergraduate courses in political economy. . . . the volume is likely to become a much-used reference tool. . . . for those researchers interested in a comprehensive discussion of the far-reaching literature in this area, and want some provocation in the mix, this is clearly the right choice.' – Sharon M. Oster, Public Choice 'Many of the chapters of this handbook will be an indispensable addition to any course reading list in public choice, or public economics. They serve as an excellent complement, integrating diverse lines of thoughts, to the core scholarly writings in the field. The essays are well-written and succeed, admirably, in accomplishing what a handbook must, making difficult and disparate material quite comprehensible to someone who wishes to become acquainted with the area.' – Harold M. Hochman, Lafayette College, US 'This is an extremely valuable insiders' account of what public choice is about. Presented in thirty well-reasoned and documented chapters, the book is a treasure trove for every political economist.' – Jürgen G. Backhaus, Maastricht University, The Netherlands This authoritative and encyclopaedic reference work provides a thorough account of the public choice approach to economics and politics. The Companion breaks new ground by joining together the most important issues in the field in a single comprehensive volume. It contains state-of-the-art discussions of both old and contemporary problems, including new work by the founding fathers as well as contributions by a new generation of younger scholars. The book reviews the literature of public choice, highlighting the common ground between all rational choice approaches to politics. It demonstrates the important impact of public choice on economics, political science, philosophy and sociology. It will be an indispensable source of reference for many years to the ideas, analytical methods and empirical research in the field. The Companion will serve as the standard reference work for all those engaged in the field of public choice and will be essential reading for politicians and policymakers, scholars in political science, public and social choice, as well as graduate students in economics, political science and public administration.
Does civil society depend on the state? Is cooperation behavior possible under anarchy? In the early 1970s, members of the Center for the Study of Public Choice became the first group of economists to engage in a study of these questions. This volume contains essays from this study as well as new responses from 21st century economists.
