chapter  10
30 Pages

Public Choice 1

WithYorgos Y Papageorgiou

The transition from the realm of individuals to the social realm is complex because, according to the synthesis of individuals into a society is more than the sum of its components. It seems reasonable to approach the thorny problem using a process of elimination: restrict the class of collective choice rules at the outset by eliminating as many patently unreasonable alternatives as possible—for example random public choice. A constitution constrains public choice to matters other than personal; public choice incorporates the Pareto principle, individual rights include weak libertarianism and the fundamental antinomy vanishes. There is symmetry between the expression of social preferences and that of individual preferences. The translation of individual preferences into public choice involves extremely complex phenomena. Allocation is traditionally related to the Pareto principle. Application of this principle ensures that public choice will never result in a particular state if there is another one about which preference has been expressed without any disagreement.