Choice Theory

• James M. Buchanan's work within Public Choice earned him the Nobel Prize in Economic Science in 1986.
• This theory shows that contrary to the conventional wisdom that public-sector actors act in the public's best interests, politicians and bureaucrats tend to act in self-int...

• Rational choice theory thinks of people as economic super-men and women, also known as homo economicus. Economists use this theory to think about what 'economic man' would do, then add up the actions of billions of people to make models about how the economy works.

This theory is not focused on how human motivation can be controlled and manipulated from without, but how it is functionally designed and experienced from within.

Intrinsic motivation is when we are more motivated to pursue actions when it emanates from the self.