From Wikipedia, the free encyclopedia.
Public choice theory is a social science that studies the decision-making behaviors of voters, politicians and government officials from the perspective of economic theory. Its most noted advocate is James M. Buchanan who won The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel for his work on public choice theory. A noted detractor of this theory, and also a winner of the same prize, is Amartya Sen.
Public choice theory is closely related to rational choice theory.
See also: capture
