Public choice theory

special entitlement to immunity granted by the state or another authority to a restricted group

groups using advocacy in order to influence public opinion and policy

economic theory applied to political science

idiom – name for large constructions that are not used

capitalism featuring undue alliances between business interests and politicians

any payment to an owner or factor of production in excess of the costs needed to bring that factor into production

Clientelism or client politics is the exchange of goods and services for political support, often involving an implicit or explicit quid-pro-quo. It is closely related to patronage politics and vote buying.

Cronyism is awarding positions, jobs, contracts, loans, privileges, or advantages to friends or colleagues. It is used especially in politics, when referring to partiality between politicians and businesses. A person who supports or partakes in cronyism is referred to as a crony, cronie, or cronyist.

voting systems that use ranked ballots

Rent-seeking is the act of growing one's existing wealth by manipulating public policy or economic conditions without creating new wealth. Rent-seeking activities have negative effects on the rest of society. They result in reduced economic efficiency through misallocation of resources, stifled competition, reduced wealth creation, lost government revenue, heightened income inequality, heightened debt levels, risk of growing corruption and cronyism, decreased public trust in institutions, and potential national decline.

form of propaganda in public relations

red-dyed cotton tape formerly used for bundling official documents; by extension, excessively bureaucratic procedures or regulations

economics theorem that if an externality can be traded with no transaction costs, bargaining leads to a Pareto efficient outcome regardless of the initial allocation of property

economic inefficiency caused by a government intervention, if the inefficiency would not exist in a true free market

corrupt government failure in which regulations are written in favour of private interests

where private interests influence a state's decision-making processes

wasteful government spending that benefits an individual representative's district

economics of regulation, in the sense of the application of law by government

action taken together by a group of people whose goal is to enhance their status and achieve a common objective

practice of government regulators being employed later by the affected industries and vice versa

practice of avoiding research whose cost exceeds its benefits

type of political group dedicated to recruiting voters for a particular candidate, characteristic of large American cities from the 1860s to the 1970s

theorem in political science

non-private good

economic-political theory

Belgian economist and university teacher (1921-2014)

a failure to accurately perceive the amount of government expenditure when government revenues are not completely transparent or are not fully perceived by taxpayers

Elected officials serving in multiple positions simultaneously

the paradox that larger the electorate, the less each vote matters

non-fiction work by Bryan Caplan

book by Mancur Olson

model of public choice theory

book by James M. Buchanan

Italian economist and politician (1858–1943)

electoral system which allows the voter to give each candidate an independent rating or grade

former Belgian political investment strategy

situation in which all individuals would be better off cooperating but fail to do so because of conflicting interests between individuals that discourage joint action

school of economic thought

concept in the theory of taxation from public finance