5min chapter

The Seen and the Unseen - hosted by Amit Varma cover image

Ep 336: Shruti Rajagopalan Dives Into Delimitation

The Seen and the Unseen - hosted by Amit Varma

CHAPTER

The Evolution of Public Choice Economics

David Frum: Public choice economics is applying the assumptions of economics to non-market choice. He says if you're selling apples and oranges or buying apples and oranges, then you're suddenly homo-economicists who are self-interested. Frum: Buchanan thinks about politics as exchange; he's very much even bringing in market exchange into the realm of politics. The other side of Buchanan is not just thinking about politics but constitutional design questions, he says.

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