Welcome to the fifth episode! In this episode, I discuss the Public Choice Theory, aka the economic way of thinking about politics. I talk about the theory, its implications, some examples from the US and Nepal. I also talk about the concept of Baptists and Bootleggers proposed by economist Bruce Yandle. Happy listening! Reference Materials: Public Choice Theory by Jane S. Shaw Pigs Don't Fly: The Economic Way of Thinking about Politics by Russell Roberts The Calculus of Consent: Logical Foundations of Constitutional Democracy by James M. Buchanan and Gordon Tullock Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics by Bruce Yandle & Adam Smith If you have any comments or feedback for me, please email me at [email protected] .