The most important contribution of the Public Choice school of political economy has been to use economic analysis to realistically compare the efficiency of government and markets and to explain the tendency to substitute government activity for market activity far beyond the point where economic efficiency is reduced. [...]the political process allows us to care for these groups in direct and easily understood ways, such as mandating a minimum wage , providing a pension program, subsidizing medical care, and creating price supports for agricultural products. The minuscule probability that an election will be decided by one vote explains why people are more influenced by moral considerations when voting in an election than when making purchases in markets.\n Similarly, corn farmers and agricultural firms calculate that expressing concern for the environment is the most effective ploy for securing government tax advantages for ethanol. [...]incumbent politicians secure the support of naive voters and campaign contributions from self-serving voting blocs.
Comparing the Morality of Government and Markets BY DWIGHT R. LEE B eyond a very limited role in our
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