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What is the public choice idea or theory

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Question: Prior to beginning work on this discussion, read Tim Worstall's article, One Benefit of Nancy MacLean's Democracy in Chains - Public Choice and Rent Seeking Popularised.

Based on the article's information and Chapter 14 in your textbook, especially Sections 14.1 and 14.2, respond to the following:

• What is the public choice idea or theory?

• Explain what rent seeking is.

• How can you combine the ideas of public choice and rent seeking?

• Choose one real-world example of combining public choice and rent seeking to evaluate.

Your initial post should be a minimum of 300 words.

Reference no: EM132605909

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