Applies the Public Choice Theory and Indian economic history.
Written in 2004; 1,356 words; 5 sources; MLA; $ 47.95
Paper Summary:
This paper examines the Public Choice Theory and deadweight loss as they apply to Indian economic history.
From the Paper:
"India's economic history has been a case study for economists of the Public Choice Theory school. The maxim held by all free market economists is that people are motivated mainly be their self-interests. Although people often do act based on their concern for other people the basic motive behind a person's actions is typically a concern for their own self. Public Choice theorists take this self interest and ascribe it to the people in power. Public Choice economists believe that people acting in the political marketplace are ..."
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