Public Choice Theory
/ˈpʌblɪk ʧɔɪs ˈθɪəri/
Definitions
- (n.) The study of how public officials and voters make decisions, applying economic principles to political processes and government behavior.
Public choice theory suggests that legislators act in their own self-interest rather than solely for the public good.
Forms
- public choice theory
Related terms
See also
Commentary
Public choice theory provides a framework for analyzing political decision-making using economic tools, emphasizing incentives and self-interest in governance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.