Tue, 10 May 2005

Public Choice

Public Choice economics is a theory that says that people in government operate from the same selfish incentives as anybody else. Surprisingly that theory has not convinced all economists yet. That must be interpreted as proof that some economists are dunderheads, because the following pair of cartoons written by Wiley Miller make it completely obviously true.

Posted [09:20] [Filed in: economics] [permalink] [Google for the title] [digg this]