Governments consist of people, and people respond to incentives. For this reason, there is no better way to understand government than through the tools of economics. Episode 121 of The Seen and the Unseen is a rerun of an old episode of The Pragati Podcast, in which Amit Varma introduces Pavan Srinath to the mindblowing insights of Public Choice Theory.
Is it rational to vote? Is it rational for us to think about government as a benign entity? Amit Varma is back on Episode 92 of The Pragati Podcast to talk about public choice theory and how it can inform our thinking about governments and public decision-making.