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Political Economics: Explaining Economic Policy (Zeuthen Lectures) ISBN 0262161958 инфо 2546m.

Political Economics: Explaining Economic Policy (Zeuthen Lectures) ISBN 0262161958 инфо 2546m.

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 stanceахмгэ 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 anaбехльlysis 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 betбоямдween 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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