Abstract
The first part of the argument is a reformulation of Yandle's problem and a sketch of the current apologetics of Public Choice Theory and its pitfalls. In the second part it is argued that Yandle's thesis on the connection between the social value of political economy and the size of the state displays identical flaws. An improved specification is needed to save this challenging thesis.
Original language | English |
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Pages (from-to) | 563-573 |
Number of pages | 11 |
Journal | European journal of political economy |
Volume | 6 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1990 |