Abstract
This paper reviews the use of public choice throughout my principles of macroeconomic course. I highlight the numerous avenues that public choice can be used to explain macroeconomic policies and their consequences. These include fiscal, monetary, and trade policy and economic growth and development. By emphasizing the self-interested behavior of public officials, public choice can illuminate both shortand long-run macroeconomic outcomes.
Recommended Citation
(2026)
"Political Failure in the Short- and Long-Run,"
Journal of Economics and Finance Education: Vol. 14:
Iss.
2, Article 6.
Available at:
https://scholarship.rollins.edu/jefe/vol14/iss2/6
