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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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Glaubwu rdigkeit, Politischer Konjunkturzyklus, Geldpolitik, Wirtschaftspolitik, O ffentliche Schulden, Theorie, Finanzpolitik, Economics, Business, Economic theory & philosophy, Political economy, Business & Economics, Business / Economics / Finance, Business/Economics, Development - Economic Development, Economics - General, Public Policy - Economic Policy, Business & Economics / Economics / General, Economic Policy, Politique économique, POLITICAL SCIENCE, Public Policy, Government & Business, Development, Economic Development, Business Development, Structural Adjustment, GeneralShowing 5 featured editions. View all 5 editions?
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Political Economics: Explaining Economic Policy (Zeuthen Lectures)
February 7, 2002, The MIT Press
Paperback
in English
0262661314 9780262661317
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Political Economics: Explaining Economic Policy
2000, MIT Press
Hardcover
in English
- 1st edition
0262161958 9780262161954
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- Created April 30, 2008
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July 13, 2024 | Edited by MARC Bot | import existing book |
August 10, 2023 | Edited by ImportBot | import existing book |
August 5, 2023 | Edited by AgentSapphire | Merge works |
August 5, 2023 | Edited by AgentSapphire | Edited without comment. |
April 30, 2008 | Created by an anonymous user | Imported from amazon.com record |