ABSTRACT
Public choice theory applies the logic of microeconomics to politics and public affairs and generally assumes rationality and self-interested behavior among citizens and public officials, in the choices they make by and for the public. The persons most closely associated with public choice theory are Buchanan and Tullock.[1] Buchanan described the genesis of the theory as being a specification of the constitutional and other rules for making choices by and for the public, as well as an investigation of their consequences, in the tradition of the original designers of the U.S. Constitution. Buchanan explained:
