Political Economics – Explaining Economic Policy (Zeuthen Lectures) - Image 1

£45.00

MIT Press Political Economics – Explaining Economic Policy (Zeuthen Lectures)

Name: Political Economics - Explaining Economic Policy (Zeuthen Lectures)
Brand: MIT Press
Price: 45.0 GBP
Availability: InStock

Economic Policy & Development

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Description

What determines the size and form of redistributive programs, the extent and type of public goods provision, the burden of taxation across alternative tax bases, the size of government deficits, and the stance of monetary policy during the course of business and electoral cycles? A large and rapidly growing literature in political economics attempts to answer these questions. But so far there is little consensus on the answers and disagreement on the appropriate mode of analysis. Combining the best of three separate traditions-the theory of macroeconomic policy, public choice, and rational choice in political science-Torsten Persson and Guido Tabellini suggest a unified approach to the field. As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy. As in public choice, the delegation of policy decisions to elected representatives may give rise to agency problems between voters and politicians. And, as in rational choice, political institutions shape the procedures for setting policy and electing politicians. The authors outline a common method of analysis, establish several new results, and identify the main outstanding problems.

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Mit Press

Product Specifications

Brand: MIT Press
Format: paperback
ASIN: 0262661314
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Policy & Development
Domain: Amazon UK
Release Date: 01 February 2002
Listed Since: 07 February 2007

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MIT Press Political Economics – Explaining Economic Policy (Zeuthen Lectures)

Same price for 7 weeks. Today is much like next week.

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