About this videoJane Shaw and Richard Stroup discuss and share ideas of the discipline of public choice as well as its background. Jane Shaw talks about the lack of self-confidence in democracy and comments on its dark side. She describes public choice as a discipline that helps explain why the activity of government is not so necessary and also criticizes the rational ignorance that people have even in the most developed countries. Richard Stroup points out the importance of institutions and shares the examples of Ethiopia and the Netherlands. He categorizes government activities into two groups that have different roles: Protective and productive. He also comments on the government's lack of operational efficiency and the fact that the countries with the least economic freedom are those in which the government has the largest role in the economy. |
|
CreditsPublic Choice
| |
