ALL good things come to an end, some sooner than others. As I was packing my stuff last week, preparing to vacate my office (or rather, my cubicle), I came across some textbooks from my undergraduate days in Bristol. I smiled as I ran my fingers across their spines – Econometrics, Microeconomics, Idiot’s Guide to Accountancy and Theory of Public Choice. This last was an optional subject I took with an eye to an easy pass; one of those “kacang” units which would give me the required credit without any sweat. Or so I thought.
Theory of Public Choice is basically the study of politics based on economic principles. It assumes that everyone (voters, politicians, taxi drivers, tea ladies) is motivated primarily by self interest.
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