Abstract
This paper is about something which, at least superficially, looks like a conflict between public choice theory and Austrian social science, in particular as represented by Friedrich Hayek and Ludwig von Mises. What I am referring to is the conflict between the so-called Median Voter Theorem, on the one hand, and the Austrian contention that there is no “middle way”, on the other. The Median Voter Theorem, as the reader knows, is often formulated within the framework of a left-right continuum, and it says that the decision taken will correspond to the position of the median voter. Thus, if the voters are distributed in a roughly symmetrical way along the left-right continuum, the decision will be a position somewhere close to the middle of the scale. The Austrians, on the contrary, claim that there is no such thing as a middle of the road outcome. Only socialism and liberalism are real alternatives.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
