Governments don’t work the way most people think they do. Public choice theory explores how voters, politicians, and bureaucrats actually make decisions. Prof. Antony Davies explains. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: Behavioral Economics Ep. 5: What You Need to Know About Public Choice (video): Erika Davies and Prof. Antony Davies give an introduction to public choice economics and describe how insights on human behavior in the private sector can be applied to predict human behavior in the public sector. https://www.youtube.com/watch?v=FcLGU… Public Choice: Why Politicians Don’t Cut Spending (video): Prof. Ben Powell uses insights from public choice theory to explain why politicians, despite what they may promise to voters, rarely cut government spending. https://www.youtube.com/watch?v=6uR4l… Schools of Thought in Classical Liberalism, Part 3: Public Choice (video): Dr. Nigel Ashford gives a brief overview of the intellectual figures and ideas associated with public choice theory; part of a larger series on schools of thought in the classical liberal tradition. https://www.youtube.com/watch?v=ffJFN…