The
Rational Argumentator
Free Tools for Rational Education
Free Study Guide on Public-Choice Economics
First Edition Published November 2008
Second Edition Published April 2012
Third Edition Published July 2014
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Click here to download a free PDF copy of the Third Edition of this study guide.
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Ceremonial plastic sword, awarded to Mr. Stolyarov in 2008 for receiving the highest grade in Professor Gary Wolfram’s Public Choice Economics course at Hillsdale College.
Table of Contents
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Section |
Page |
|
Section
1: Public Goods |
3 |
|
Section
2: Externalities |
5 |
|
Section
3: Pareto-Optimality and Related Concepts |
8 |
|
Section
4: Social Welfare Functions |
10 |
|
Section
5: Arrow’s Impossibility Theorem and Related Ideas |
13 |
|
Section
6: Wicksellian Unanimity and James Buchanan’s and Gordon Tullock’s
Ideas on Optimal Majorities |
15 |
|
Section
7: Logrolling |
17 |
|
Section
8: Dynamics of Majority Rule and Alternative Voting Mechanisms |
19 |
|
Section
9: Game Theory and Sequential Games |
22 |
|
Section
10: Game Theory and Simultaneous Games |
25 |
|
Section
11: The Prisoners’ Dilemma |
28 |
|
Section
12: The Hotelling-Downs and Smithies Models of Voting |
30 |
|
Section
13: More Alternative Methods of Voting |
32 |
|
Section
14: Proportional Representation |
36 |
|
Section
15: Rent-Seeking |
39 |
|
Section
16: Rational Ignorance |
41 |
|
Section
17: Bureaucracy |
45 |
|
Section
18: The Tiebout Model of Local Government |
48 |
|
Section
19: The Theory of Clubs |
50 |
|
Section
20: Democracies and Deficits |
52 |
About Mr.
Stolyarov
|
56 |
Gennady Stolyarov II (G. Stolyarov II) is an actuary, science-fiction novelist, independent philosophical essayist, poet, amateur mathematician, composer, and Editor-in-Chief of The Rational Argumentator, a magazine championing the principles of reason, rights, and progress.
In December 2013, Mr. Stolyarov published Death is Wrong, an ambitious children’s book on life extension illustrated by his wife Wendy. Death is Wrong can be found on Amazon in paperback and Kindle formats.
Mr. Stolyarov has contributed articles to the Institute for Ethics and Emerging Technologies (IEET), The Wave Chronicle, Le Quebecois Libre, Brighter Brains Institute, Immortal Life, Enter Stage Right, Rebirth of Reason, The Liberal Institute, and the Ludwig von Mises Institute. Mr. Stolyarov also published his articles on Associated Content (subsequently the Yahoo! Contributor Network) from 2007 until its closure in 2014, in an effort to assist the spread of rational ideas. He held the highest Clout Level (10) possible on the Yahoo! Contributor Network and was one of its Page View Millionaires, with over 3.1 million views.
Mr. Stolyarov holds the professional insurance designations of Associate of the Society of Actuaries (ASA), Associate of the Casualty Actuarial Society (ACAS), Member of the American Academy of Actuaries (MAAA), Chartered Property Casualty Underwriter (CPCU), Associate in Reinsurance (ARe), Associate in Regulation and Compliance (ARC), Associate in Personal Insurance (API), Associate in Insurance Services (AIS), Accredited Insurance Examiner (AIE), and Associate in Insurance Accounting and Finance (AIAF).
Mr. Stolyarov has written a science fiction novel, Eden against the Colossus, a philosophical treatise, A Rational Cosmology, a play, Implied Consent, and a free self-help treatise, The Best Self-Help is Free. You can watch his YouTube Videos.Mr. Stolyarov can be contacted at gennadystolyarovii@yahoo.com.
Click here to return to the index of Free Tools for Rational Education.
Learn about Mr. Stolyarov's novel, Eden against the Colossus, here.Read Mr. Stolyarov's comprehensive treatise, A Rational Cosmology, explicating such terms as the universe, matter, space, time, sound, light, life, consciousness, and volition, here.