The main view of the public school of economics is: individuals are self interested: they remain self interested when they enter government. This is very unlike the more “romantic,” or “idealistic,” view being that people in government are committed to public good, or are “public servants.” With the main view of the public school of economics in mind, what are some of the major arguments advanced by the public school of economics?
One of the major arguments advanced by the public school of economics is that in the free market, one can receive a benefit or face the consequences in an exchange. This is unlike politics because officials do not face any form of feedback or consequence in the form of voting. Another important argument is on the topic of voting. When a person votes for a politician they do not vote for that politician because they agree with him/her fully. Most likely that person disagrees with many of the beliefs or points that the politician believes; which means that the only reason why that person is voting for this person in the first place is because the politician shares a similar belief in a large or important issue, that the voter feels strongly about.
To conclude, these are some of the major arguments advanced by the public school of economics.