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The government is run by people with the same self-interest, limitations, and desires as exist in the private sector. Economics can help us understand how public policy works in the real world. Will passing that new law or installing those new regulations achieve the desired (or at least stated) policy goals? When should we look to government to fix the problem and when should we rely on personal responsibility and market regulation? Join us to explore these questions and more in this introduction to public choice theory.
Recorded at FEECon 2018.
By Foundation for Economic EducationThe government is run by people with the same self-interest, limitations, and desires as exist in the private sector. Economics can help us understand how public policy works in the real world. Will passing that new law or installing those new regulations achieve the desired (or at least stated) policy goals? When should we look to government to fix the problem and when should we rely on personal responsibility and market regulation? Join us to explore these questions and more in this introduction to public choice theory.
Recorded at FEECon 2018.