The foundations of contemporary economics: Gordon Tullock and public choice Cover Image

Основи на съвременната икономика: Гордън Тълок и публичният избор
The foundations of contemporary economics: Gordon Tullock and public choice

Author(s): Henrik Egbert, Teodor Sedlarski
Subject(s): Economy, Supranational / Global Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: Gordon Tullock;, public choice; rent-seeking; majority vote; constitutional economics

Summary/Abstract: A briefly summary is given of the path-breaking ideas of Gordon Tullock (1922-2014). Tullock can be considered one of the founders of public choice. He initiated a new way of thinking and applied rational choice theory to the political and juridical system. His ideas of rent-seeking behavior, majority voting, bureaucratic inefficiency, constitutional design, and the transfer of the public good problem to political decisions have become cornerstones of economic thought.

  • Issue Year: 2020
  • Issue No: 1
  • Page Range: 107-118
  • Page Count: 12
  • Language: Bulgarian
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