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The Public Choice Society, a 501(c)(3) organization that facilitates research and discussion of the social sciences, is an outgrowth of the Virginia School. [8]
Several notable public choice scholars have been awarded the Nobel Prize in Economics, including Kenneth Arrow (1972), James M. Buchanan (1986), George Stigler (1982), Gary Becker (1992), Amartya Sen (1998), Vernon Smith (2002), and Elinor Ostrom (2009). Buchanan, Smith, and Ostrom were former presidents of the Public Choice Society. [37]
James McGill Buchanan Jr. (/ b juː ˈ k æ n ə n / bew-KAN-ən; October 3, 1919 – January 9, 2013) was an American economist known for his work on public choice theory [1] originally outlined in his most famous work, The Calculus of Consent, co-authored with Gordon Tullock in 1962.
Steven J. Brams (born November 28, 1940, in Concord, New Hampshire) is an American game theorist and political scientist at the New York University Department of Politics. . Brams is best known for using the techniques of game theory, public choice theory, and social choice theory to analyze voting systems and fair divi
There they continued the Public Choice Society and the journal, of which Tullock remained editor until 1990. At VPI, Tullock wrote a number of influential articles and books, including Private Wants, Public Means (1970), The Logic of the Law (1971), The Social Dilemma (1974), and The Vote Motive (1976).
Thomas Earl Borcherding (Feb. 18, 1939 – Feb. 12, 2014) was an American economist. His areas of specialization include microeconomics, public choice, property rights, exchange and transaction costs, politics and public choice, sociological economics, and the role of institutions in economic, political, and social choice.
In social choice theory, Condorcet's voting paradox is a fundamental discovery by the Marquis de Condorcet that majority rule is inherently self-contradictory.The result implies that it is logically impossible for any voting system to guarantee that a winner will have support from a majority of voters: for example there can be rock-paper-scissors scenario where a majority of voters will prefer ...
Approval has been adopted by several societies: the Society for Social Choice and Welfare (1992), [38] Mathematical Association of America (1986), [39] the American Mathematical Society, [40] the Institute of Management Sciences (1987) (now the Institute for Operations Research and the Management Sciences), [41] the American Statistical ...