Cross-discipline of
economics and
political science which models
political decisions as
strategic actions to maximize individual
utility. This school of thought was
formalized by
James M. Buchanan, Jr. and
Gordon Tullock, and is closely related to the
Law and Economics school.
According to Public Choice theory:
Public Choice is a big deal at
George Mason University.
Public Choice should not be confused with Social Choice, a completely different cross-discipline of economics and political science.