The Economic Study of Politics: Insights and Reflections; [O Estudo Económico da Política: Observações e Reflexões]

• Type: Article in International Scientific Journal
• Date: 2024

Authors

Félix, LA (Author) Other; Pereira, FN (Author) FEP; Duarte, AP (Author) Other; Bação, P (Author) Other

Journal

Title: Notas Económicas

Vol. 58

Pages: 117-123

ISSN: 0872-4733

Publisher: Impactum-Journals

Indexing

Scopus - 0 Citations

Other information

Authenticus ID: P-017-JX3

DOI: 10.14195/2183-203x_58_5

Abstract (EN): Economic and political phenomena coexist in society, but are often seen as divergent spheres of human action and interaction. A theoretical manifestation of this separation is the assumption that while economic agents act in their own self-interest, political agents are motivated by the public interest. Additionally, it is commonly assumed ¿ if only implic-itly ¿ that political agents possess all the necessary knowledge for rational action, effectively portraying political agents as omniscient beings. Drawing on public choice theory and on the economic literature on the nature of knowledge, we review arguments that challenge the two assumptions. © 2024, Imprensa da Universidade de Coimbra. All rights reserved.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6