by Chidem Kurdas
The Republican primaries have been all-out fights, with a series of contenders showing strength in polls and challenging the establishment favorite Mitt Romney, only to fall back after the initial success. Newt Gingrich is the latest to rise and, after his loss in the Florida primary, presumably to fall. It is not a nice process, causing complaints of mudslinging that will continue in the coming presidential election. Pundits eager to display their wisdom call on politicians to set aside the differences and do what’s best for America.
Public choice theory tells us that politicians, like most people most of the time, tend to focus on their self interest. This view has been challenged—the recent Critical Review has several articles on the topic. Read the rest of this entry »