Economics, Econometrics and Finance
8 years ago

Government behavior analyzed: Market economy and public choice rationality questioned.

Xi'an Jiaotong Daxue xuebao
Rationality, Government Rationality and Analysis on Public Choice
Jinxian Chen

Paper Summary

The article discusses how it's difficult to make the market economy rational. It also talks about how good government behavior is only somewhat rational. The researchers analyze how government behavior isn't always in the best interest of the nation using public choice theory.

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