Economics Texts Fail to Teach Realities of Government Decision-Making
The article discusses how the public choice revolution in economics applies economic tools to both market and political processes. It emphasizes the importance of understanding how different institutions and policies impact outcomes. The author integrated this approach into their teaching and a principles of economics text, highlighting the need to analyze both market and government decision-making. Despite the success of the text, many introductory courses still focus on market failure and ideal government solutions, neglecting the insights of public choice analysis. The author hopes that future economists will embrace this perspective to enhance the relevance and usefulness of economics.