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The contributors to this book utilize the Public Choice approach to interpret, analyze, and at times even predict policy outcomes from a variety of contexts around the world. Applications of Public Choice Theory to Public Policy emphasizes how much can be learned from studying real people in the process of navigating political processes and institutional change. The volume directly addresses what the Public Choice approach is, its relationship to policy analysis, and how both can be improved through the incorporation of a diversity of theoretical and empirical strategies. After establishing these strategies, Applications of Public Choice Theory to Public Policy puts this into practice to address issues such as educational reform in Ghana, policy responses to the COVID-19 pandemic, anti-trust policy, the political role of the Supreme Court in the U.S. and high courts in Latin America, the impact of taking a precautionary approach to energy policy, regulatory burdens as a form of time tax, and the looming uncertainty over how artificial intelligence will be governed as it continues to have an ever greater impact on our lives.
Paul Dragos Aligica, senior fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University and KPMG Professor of Governance at the University of BucharestJayme S. Lemke, senior fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason UniversityBrian Meehan, associate professor of economics at Berry College
Chapter 1: The Importance of Evidence Based Narratives in Public Choice TheoryChapter 2: Using Public Choice to Understand Historical Inequity in Disaster Planning and ResponseChapter 3: Unemployment Insurance Trust Funds Under Pressure: Incentives, Interventions, and InsolvencyChapter 4: Why Were There No Human Challenge Trials For COVID-19 Vaccine Development?Chapter 5: Navigating the Path to Educational Progress: A Public Choice Perspective on Ghana’s ReformsChapter 6: Employment Protections and Firm Size Distortion: The Role of UnionsChapter 7: Changing Antitrust LawChapter 8: Public Choice v. Policy: The Implications of Public Choice on the United States Supreme CourtChapter 9: Can Public Choice Theory Explain the Judicialization of Politics in Brazil?Chapter 10: Time Taxes and Avoidable Structural InjusticeChapter 11: AI and Governance: Leading the Future Together