Political Economics: Explaining Economic Policy

Kobo ebook | January 25, 2002

byGuido Tabellini, Torsten Persson

not yet rated|write a review
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.

Pricing and Purchase Info

$53.59 online
$69.54 list price (save 22%)
Available for download
Not available in stores

From the Publisher

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 econ...

Format:Kobo ebookPublished:January 25, 2002Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262303663

ISBN - 13:9780262303668

Look for similar items by category:

Customer Reviews of Political Economics: Explaining Economic Policy

Reviews