Public choice theory
Public choice or public choice theory refers to "the use of economic tools to deal with traditional problems of political science". Its content includes the study of political behavior. In political s...
Home builder confidence soared to highest level in 12 years as Trump rolls back regulations
The nation's home builders couldn't be happier with President Donald Trump's first move to remove strict environmental rules.
How The Owners Of Fidelity Get Richer At Everyday Investors' Expense
At Fidelity, ordinary fund investors are missing out on hot pre-IPO deals due to conflicts of interest with the funds’ billionaire owners.
Advocacy group
Advocacy groups (also known as pressure groups, lobby groups, campaign groups, interest groups, or special interest groups) use various forms of advocacy to influence public opinion and/or policy; the...
Advocacy group - Wikipedia
Conflict of interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple interests (financial, emotional, or otherwise), one of which could possibly corrupt the motivation...
Conflict of interest - Wikipedia
Public–private partnership
A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These ...
Home builder confidence soared to highest level in 12 years as Trump rolls back regulations
The nation's home builders couldn't be happier with President Donald Trump's first move to remove strict environmental rules.
How The Owners Of Fidelity Get Richer At Everyday Investors' Expense
At Fidelity, ordinary fund investors are missing out on hot pre-IPO deals due to conflicts of interest with the funds’ billionaire owners.
The Myth of the Rational Voter
The Myth of the Rational Voter: Why Democracies Choose Bad Policies is a 2007 book written by Bryan Caplan challenging the notion that voters are reasonable people that society can trust to make laws....
Virginia school of political economy
The Virginia school of political economy is the school of economic thought originating in universities of Virginia and mainly focusing on public choice theory, constitutional economics, and law and ec...
Crony capitalism
Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the ...
Forced rider
A forced rider in economics is a person who is required, by government or other collective, to share in the costs of goods or services without benefiting from them. Such goods are typically non-exclud...
Paradox of voting
The paradox of voting, also called Downs paradox, is that for a rational, self-interested voter, the costs of voting will normally exceed the expected benefits. Because the chance of exercising the p...
Fiscal illusion
Fiscal illusion is a public choice theory of government expenditure first developed by the Italian economist Amilcare Puviani in his 1903 book Teoria della illusione finanziaria (Theory of Financial I...
Regulatory economics
Regulatory economics is the economics of regulation, in the sense of the application of law by government or an independent agency for various purposes, such as centrally-planning an economy, remedyin...
Collective action
Collective action is traditionally defined as any action taken together by a group of people whose goal is to enhance their status and achieve a common objective. It is enacted by a representative of...
Rent-seeking
In economics and public choice theory, rent-seeking is seeking to increase one's share of existing wealth without creating new wealth. The effects of rent-seeking are reduced economic efficiency throu...
Deregulation and Contracting Out Act 1994
The Deregulation and Contracting Out Act 1994 (c. 40) is an Act of the Parliament of the United Kingdom. It introduced wide ranging measures aiming to cut government expenditure and bureaucracy. An ex...
Roland McKean
Roland N. McKean (October 30, 1917 in Mulberry Grove, Illinois – April 15, 1993 in Chapel Hill, North Carolina) is an American economist. He received his A.B. and Ph.D. degrees in economics fr...
Build–operate–transfer
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, c...
Build–operate–transfer - Wikipedia
The Logic of Collective Action
The Logic of Collective Action: Public Goods and the Theory of Groups is a book by Mancur Olson, Jr. published in 1965. It develops a theory of political science and economics of concentrated benefits...
Club good
Club goods (also artificially scarce goods) are a type of good in economics, sometimes classified as a subtype of public goods that are excludable but non-rivalrous, at least until reaching a point wh...
Club good - Wikipedia
Bootleggers and Baptists
Bootleggers and Baptists is a catch-phrase invented by regulatory economist Bruce Yandle for the observation that regulations are supported by both groups that want the ostensible purpose of the regul...
The Nature of the Firm
'The Nature of the Firm' (1937), is an influential article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies and other business entities rat...
Averch–Johnson effect
The Averch–Johnson effect is the tendency of regulated companies to engage in excessive amounts of capital accumulation in order to expand the volume of their profits. If companies' profits to capital...
Public Private Partnership in India
A public–private partnership (PPP) is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. These ...