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THE MEDIAN VOTER MODEL HAS FALLEN FROM BEING ONE OF THE MOST SOLIDLY ESTABLISHED MODELS IN PUBLIC CHOICE TO A STATE OF ALMOST VIRTUAL ABANDONMENT. THE ARTICLE REVIEWS THE ROLE OF THE MEDIAN VOTER MODEL IN PUBLIC CHOICE THEORY, PAYING SPECIAL ATTENTION TO RESEARCH THAT INDICATES THAT THE MODEL IS VALID ONLY IS VERY SPECIAL CONDITIONS THAT SELDOM EXIST IN REALITY. IT CONCLUDES THAT THE MEDIAN VOTER MODEL IN THE PUBLIC SECTOR HAS SERVED MUCH THE SAME ROLE AS THE MODEL OF PURE COMPETITION IN THE PRIVATE SECTOR. BOTH PROVIDE A FOUNDATION UPON WHICH VARIOUS COMPLICATIONS THAT REFLECT REALITY CAN BE ADDED. JUST BECAUSE THE MEDIAN VOTER MODEL IS NOT DESCRIPTIVE OF EVERY POLITICAL MARKET DOES NOT MEAN THAT IT CAN NOT PROVIDE A SOLID FOUNDATION FOR THE ANALYSIS OF PUBLIC SECTOR DEMAND.

Erudite, accessible and lucidly written, this book provides both a stimulating introduction and excellent summary of the core principles, ideas and diversity of modern Austrian economics. The Austrian school was well within the mainstream of economic thought by the 1930s, but fell from prominence by the middle of the twentieth century. There was a renewed interest in the Austrian school's ideas beginning in the 1970s which has accelerated recently, but many economists do not have a good understanding about the distinguishing values and characteristics that set it apart. This volume is aimed at

The ideology of Progressivism that peaked in the early years of the 20th century brought with it the 16th amendment, which allowed the federal government to tax incomes, and the 17th amendment, which mandated direct elections of Senators. Both were ratified in 1913. The 16th amendment provided the financing for government to expand its scope, and the 17th amendment created more democratic accountability, which both were goals of the Progressive movement. An examination of House and Senate voting on these amendments suggests that those opposed to the amendments voted against them based on interests rather than ideology.