Ideas and Political Change: A (Very) Short History of Transportation Deregulation
Public choice is a field of study that is a relative new-comer in the discipline of economics. Even more recent is the attempt to incorporate ideas into models of political economy. In Madmen Ed and Wayne have made a giant leap in the development of an economic framework, a “transmission mechanism” if you will, whereby ideas influence political outcomes. This approach offers great potential for helping to explain political change. Transportation deregulation during the…
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