Discuss public choice economics. Provide an example of “rent seeking” behavior and use public choice economics to explain your example and concepts such as: special interest effect, rational ignorance, and shortsidedness effect. Is public choice useful in understanding the political process?
At the end of your paper summarize in two paragraphs your findings and explanations.
*This is the link for the reading of Public Choice: http://www.econlib.org/library/Enc1/PublicChoiceTheory.html
**Also attached is a document. For the attachment is only pages 1-62.
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