Public Choice Economics and Teaching-Learning Economics Cover Image

Economia alegerilor publice și predarea-învățarea economiei
Public Choice Economics and Teaching-Learning Economics

Author(s): Maria Liana Lăcătuş
Subject(s): Economy
Published by: EDITURA ASE
Keywords: public choice economics; collective choices; personal interest; limited role of government; government failure; simulation

Summary/Abstract: Public choice economics is a new domain of knowledge developed in order to understand the complex mechanism of governmental intervention in economy and, especially, the lack of efficiency of governmental decisions and actions. Its founder is James Buchanan, who won the Nobel Prize for Economics in 1986. Public choice economics is focused on the effects of individual personal interest, voters and politicians alike, on public decisions. Public choice economics became a valuable teaching method which helps students understand and apply an economic way of thinking in the classroom or in real life situations.

  • Issue Year: 2007
  • Issue No: 2
  • Page Range: 51-57
  • Page Count: 7
  • Language: Romanian