The Encyclopedia of Public Choice

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Description

The Encyclopedia provides a detailed and comprehensive account of the subject referred to as public choice. On the other hand, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which will also be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as imaginable. This fruitful interchange between the fields outlined above existed all through the late eighteenth century all through the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to these kinds of fields, and more. On the other hand, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly more rare to find a scholar making major contributions to a couple of. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to make stronger the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had change into besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

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