Pure Protectionism, Texas Style
Three basic questions motivate our building the framework of political change in Madmen. Why does politics generate wasteful and unjust policies? Why do such failed policies persist even when superior alternatives are known and available? Why do certain failed policies get replaced with other ideas? While most of this blog focuses on question 3, it’s always helpful to come back to the first two questions, both of which are answered by traditional public choice theory (1 by…
Read more»