Tuesday, June 25, 2013

Public Choice and why the Federal Budget will not get Balanced

James M. Buchanan and Kenneth Arrow are two highly distinguished scholars that have done extensive work in the field of Economics called Public Choice. It explores how economics not only plays a role in the private sector, but also in the Governmental sector as well. It reveals the notion of "Politics without Romance". In this video, it touches the tip of the iceberg in how the Federal Budget will not get Balanced, revealing the incentives of the Special interest groups. Kudos go to Ben Powell, Phd for this video.

No comments: