Table of Contents

The Elgar Companion to Public Choice, Second Edition

The Elgar Companion to Public Choice, Second Edition

Edited by William F. Shughart II, Laura Razzolini and Michael Reksulak

The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance and to modeling and predicting the behavior of international organizations and transnational terrorism.

Chapter 1: Individual choice and collective choice: an overview

Michael Reksulak, Laura Razzolini and William F. Shughart II

Subjects: economics and finance, austrian economics, public choice theory, politics and public policy, public choice


At a time of this writing, a second World Congress of the Public Choice Societies is in the offing. The decision of the executive boards of the North American, European and Japanese societies to convene another joint meeting of their memberships in 2012 is one indicator of the flourishing of the public choice research program. An even more encouraging sign is the sheer volume of literature that, at the dawn of the 21st century, confronts anyone who dares to attempt to survey the field within the covers of a single scholarly book. Fifty years after the publication of The Calculus of Consent: Logical Foundations of Constitutional Democracy (Buchanan and Tullock 1962), rational choice approaches to the analysis of human behavior in non-market settings where choices are made collectively have gained widespread acceptance in economics, political science and, to lesser extents, in sociology and psychology. Several generations of researchers have by now been trained to begin the study of how people choose, with the assumption that every individual pursues his or her own self-interests, broadly defined, within given institutional constraints, that the same motives guide human action in both private and public domains.

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