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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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Political Economics, Torsten Persson, Guido Tabellini
- Taal
- Jaar van publicatie
- 2002
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- (Paperback)
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- Titel
- Political Economics
- Ondertitel
- Explaining Economic Policy (Zeuthen Lectures)
- Taal
- Engels
- Auteurs
- Torsten Persson, Guido Tabellini
- Uitgever
- The MIT Press
- Jaar van publicatie
- 2002
- Formaat
- Paperback
- Aantal pagina's
- 560
- ISBN10
- 0262661314
- ISBN13
- 9780262661317
- Reeks
- Tags
- Non-fictie, Sociale Wetenschappen, Studieboeken, Waargebeurde verhalen, Handel, Business & Management, Zelfhulp, Kookboeken, Culinaire kunst & Gastronomie, Psychologische thema’s, Filosofisch thema, Juridische thematiek, Handleidingen en Gidsen, Dieren, Sport, Familie, Politiek, Vriendschap, Economie, Gezondheid, Verenigde Staten, Relaties, Biografieën, Opiniejournalistiek & Essays, Eten, School, Onderwijs, schoolwezen, Sociologie, Dood, Engeland, Samenleving, Feminisme, Journalistiek en Publiciteit, Voor kinderen en jongeren, Geestelijke Gezondheid, Financiën, Politieke theorieën, Cultuur, Biologie-leerboeken, Fysicaboeken, Geluk, Geld, 21e Eeuw, Drugs, Internationale Betrekkingen, Arbeid, Ethiek, Evolutie, Sociale rechtvaardigheid, Armoede, Globalisatie, Burgerlijk recht, Kapitalisme, Veroudering, Strategie, Regering, Economische Politiek, Politieke filosofie, Politieke Economie
- Beoordeling
- 4,1 van 5
- Aantekening
- 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.
