• 00:01    |    
    Initial credits
  • 00:29    |    
  • 03:26    |    
    Good economics is not always good politics
  • 08:11    |    
    The standard view of democracy
  • 11:25    |    
    Should democracy be extended to other aspects of our lives without condition?
  • 11:55    |    
    Public choice: studying politics in a realistic rather than romantic way
  • 13:33    |    
    The tools of economics applied to political analysis
  • 16:48    |    
    Economists are often criticized for making "absurd" assumptions
  • 18:56    |    
    Assumptions of economics that motivate public choice analysis
    • Every individual is rationally self-interested
      • The three parts of the rationality assumption
        • People act with goals in mind
        • People learn
        • People have preferences that are transitive
      • The rationality assumption is reasonable
    • Self-interest
      • My definition
      • An argument against the self-interest assumption
      • A response to that argument: natural selection
  • 48:59     |    

¿En qué consiste el análisis de las decisiones públicas?

New Media  | 11 de marzo de 2003  | Vistas: 5114

Donald Boudreaux starts relating a story of President George Bush and Nobel laureate in economics Vernon Smith which reveals that good economics is not always good politics, and good politics is not always good economics. He explains what democracy is and to what degree people should implement it in every aspect of their lives. He also talks about the beginnings of the public choice school and its objectives within the society. Boudreaux comments on individual choices and how they can be extended to the collective domains. He also presents four assumptions related to human beings' behavior: their rationality, experiences, motivations and goals. Finally, he explains that humans are rationally self-interested and since that is part of human nature it cannot be changed.


Donald J. Boudreaux is the Chairman of the Department of Economics…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín