Why Good Politics is Bad Economics
Why Good Politics is Bad Economics ? People, normally tend to think of government as a self-less and benevolent entity looking out for the overall interest of the public. Public choice theory which studies the relationship between politics and economics , however suggests that various actors that interact in the political market-place such as politicians, bureaucrats, special interest groups have their own self-interest to cater to. Politics is also full of people with their self-interest. For eg politicians are interested in securing power, bureaucrats are looking for more money, special interest groups seeking subsidies and protection from competition etc. Hence, such interactions usually result in policies and decisions that make general public worse off. Along with my friend, I have made a video on this issue with an example from Nepal, the beautiful country, tourist based country, , the beautiful country, tourist based country, . We have taken the performance of state-ow...