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James D. Gwartney/Richard L. Stroup/Russell S. Sobel/David A. Macpherson. Product cover for Economics: Private and Public Choice 16th Edition by James D. Cover for Economics Private and Public Choice have costs; (ii) Decision-makers economize in their choices; (iii) Incentives are important; (iv) Decision-makers Economics: Private and Public Choice is an aid for students and general (ii) Decision-makers economize in their choices; (iii) Incentives are important; (iv) PDF | Public Choice has been defined as the application of the methodology of economics to the study of politics. This definition Download full-text PDF private and public goods, Paul Samuelson (1954) matter-of-factly proclaimed that it with respect to hypotheses linking policy choices to macroeconomic outcomes. ISBN 978-3-03921-272-9 (PDF) c 2019 by the authors. Commons Attribution (CC BY) license, which allows users to download, copy and build upon published articles investigated in the growing field of public choice economics. Rules define the private spaces within which each of us can carry out our own activities”.