Anthony Downs
James Anthony Downs (November 21, 1930October 2, 2021) was an American economist specializing in public policy and public administration. His research focuses included political choice theory, rent control, affordable housing, and transportation economics. He wrote a number of books including, ''An Economic Theory of Democracy'' (1957) and ''Inside Bureaucracy'' (1967), which have been major influences on the public choice school of political economy. In ''Downs's Law of Peak-Hour Traffic Congestion'' (1962), he predicted that expanding expressways could not reduce traffic congestion, since demand would increase as well, and that reducing speeds increases capacity. He served as a senior fellow at the Brookings Institution in Washington, D.C., member of faculty at the University of Chicago and a visiting fellow at the Public Policy Institute of California in San Francisco. Downs was also an elected fellow of the National Academy of Public Administration (United States), National ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Public Choice Theory
Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science." Gordon Tullock, 9872008, "public choice," '' The New Palgrave Dictionary of Economics''. . It includes the study of political behavior. In political science, it is the subset of positive political theory that studies self-interested agents (voters, politicians, bureaucrats) and their interactions, which can be represented in a number of ways—using (for example) standard constrained utility maximization, game theory, or decision theory. It is the origin and intellectual foundation of contemporary work in political economics.Alberto Alesina, Torsten Persson, Guido Tabellini, 2006. “Reply to Blankart and Koester's Political Economics versus Public Choice Two Views of Political Economy in Competition,” Kyklos, 59(2), pp. 201–208 In popular use, "public choice" is often used as a shorthand for components of modern public choice theory that focus o ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Rent Control
Rent regulation is a system of laws for the rental market of dwellings, with controversial effects on affordability of housing and tenancies. Generally, a system of rent regulation involves: *Price controls, limits on the rent that a landlord may charge, typically called rent control or rent stabilization *Eviction controls: codified standards by which a landlord may terminate a tenancy *Obligations on the landlord or tenant regarding adequate maintenance of the property *A system of oversight and enforcement by an independent regulator and ombudsman The loose term "rent control" covers a spectrum of regulation which can vary from setting the absolute amount of rent that can be charged, with no allowed increases, to placing different limits on the amount that rent can increase; these restrictions may continue between tenancies, or may be applied only within the duration of a tenancy. As of 2016, at least 14 of the 36 OECD countries have some form of rent control in effect, i ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Stanford Graduate School Of Business
The Stanford Graduate School of Business is the Postgraduate education, graduate business school of Stanford University, a Private university, private research university in Stanford, California. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants. Stanford GSB offers a general management Master of Business Administration (MBA) degree, the Sloan Fellows, MSx Program (Master of Science, MS in Management for mid-career executives), Stanford LEAD Online Business Program and a Doctorate of Science, PhD program, along with joint degrees with other schools at Stanford, including Stanford University School of Earth, Energy & Environmental Sciences, Earth Sciences, Stanford University Graduate School of Education, Education, Stanford University School of Engineering, Engineering, Stanford Law School, Law, and Stanford University School of Medicine, Medicine. History The school was founded in 1925 when trustee Herb ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Park Ridge, Illinois
Park Ridge is a city in Cook County, Illinois, United States, and a suburb of Chicago. Per the 2020 United States census, 2020 census, the population was 39,656. It is located north of downtown Chicago. It is close to O'Hare International Airport, major expressways, and rail transportation. It is a part of the Chicago metropolitan area, bordering three official neighborhoods on Chicago's Community areas of Chicago#Far North-West side, Far Northwest Side (Edison Park, Chicago, Edison Park, Norwood Park, Chicago, Norwood Park, and O'Hare, Chicago, O'Hare.) The soil is abundant with clay deposits, which made it a brick-making center for the developing city of Chicago. Park Ridge was originally called Pennyville to honor George Penny, the businessman who owned the local brickyard along with Robert Meacham. Later it was named Brickton. The Des Plaines River divides Park Ridge from neighboring Des Plaines, Illinois, Des Plaines, which is west of Park Ridge. Chicago is south and east o ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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National Academy Of Public Administration (United States)
The National Academy of Public Administration (NAPA) is a United States nonprofit, non-governmental, non-partisan organization. As a Congressional charter, congressionally chartered national academy, its mission is to produce independent research and studies that advance the field of public administration and facilitate the development, adoption, and implementation of solutions to government's most significant challenges. NAPA carries out its work while remaining outside of the government’s formal structure. It does not receive any direct federal appropriations. Its membership comprises scholars, public administrators, and former public officials who are elected as Fellows due to their contributions to the field of public administration. As of 2025, there are more than 1,000 Fellows. NAPA is an authority regarding public administration and governance. It is one of two organizations chartered by Congress to support government oversight, along with the National Academy of Sci ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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San Francisco
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of 2024, San Francisco is the List of California cities by population, fourth-most populous city in the U.S. state of California and the List of United States cities by population, 17th-most populous in the United States. San Francisco has a land area of at the upper end of the San Francisco Peninsula and is the County statistics of the United States, fifth-most densely populated U.S. county. Among U.S. cities proper with over 250,000 residents, San Francisco is ranked first by per capita income and sixth by aggregate income as of 2023. San Francisco anchors the Metropolitan statistical area#United States, 13th-most populous metropolitan statistical area in the U.S., with almost 4.6 million residents in 2023. The larger San Francisco Bay Area ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Public Policy Institute Of California
The Public Policy Institute of California is an independent, non-profit research institution. Based in San Francisco, California, the institute was established in 1994 by Bill Hewlett, of Hewlett-Packard, Roger Heyns, and Arjay Miller, with a $70 million endowment from Hewlett. Research by the institute focuses on population issues, the economy, governance and public finance. The PPIC also conducts polls of public opinion on issues related to California public policy. It disseminates its research to state, local, and federal officials, as well as non-profit and private sectors leaders, public media, and the general public. It has organized conferences to focus on significant policy issues, such as the effects of California ballot proposition California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States b ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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University Of Chicago
The University of Chicago (UChicago, Chicago, or UChi) is a Private university, private research university in Chicago, Illinois, United States. Its main campus is in the Hyde Park, Chicago, Hyde Park neighborhood on Chicago's South Side, Chicago, South Side, near the shore of Lake Michigan about from Chicago Loop, the Loop. The university is composed of an College of the University of Chicago, undergraduate college and four graduate divisions: Biological Science, Arts & Humanities, Physical Science, and Social Science, which include various organized departments and institutes. In addition, the university operates eight professional schools in the fields of University of Chicago Booth School of Business, business, Crown Family School of Social Work, Policy, and Practice, social work, University of Chicago Divinity School, divinity, Graham School of Continuing Liberal and Professional Studies, continuing studies, Harris School of Public Policy, public policy, University of Chi ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Political Economy
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. Marketplace, markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Widely-studied phenomena within the discipline are systems such as labour market, labour and international markets, as well as phenomena such as Economic growth, growth, Distribution of wealth, distribution, Economic inequality, inequality, and International trade, trade, and how these are shaped by institutions, laws, and government policy. Originating in the 18th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and Neoclassical economics, modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Public Choice
Public choice, or public choice theory, is "the use of economic tools to deal with traditional problems of political science."Gordon Tullock, 9872008, "public choice," ''The New Palgrave Dictionary of Economics''. . It includes the study of political behavior. In political science, it is the subset of positive political theory that studies self-interested agents (voters, politicians, bureaucrats) and their interactions, which can be represented in a number of ways—using (for example) standard constrained utility maximization, game theory, or decision theory. It is the origin and intellectual foundation of contemporary work in political economics.Alberto Alesina, Torsten Persson, Guido Tabellini, 2006. “Reply to Blankart and Koester's Political Economics versus Public Choice Two Views of Political Economy in Competition,” Kyklos, 59(2), pp. 201–208 In popular use, "public choice" is often used as a shorthand for components of modern public choice theory that focus on h ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |