Region Focus

Summer 2007

Democracy and Other Failures

The theory of public choice helps explain why we get stuck with so many bad economic policies. Or does it?
By Doug Campbell

Related Links

Brady, Gordon, Arthur Seldon, and Gordon Tullock. Government Failure: A Primer in Public Choice. Washington, D.C.: Cato Institute, 2002.

Buchanan, James M., and Gordon Tullock. The Calculus of Consent: Logical Foundations of Constitutional Democracy. Ann Arbor, Mich.: University of Michigan Press, 1962.

Professor Bryan Caplan's class on public choice

Contact Us

Aaron Steelman
Publications Director

Order Publications

Order single copies of or subscribe to Econ Focus (formerly Region Focus) and other publications from the Federal Reserve System.