Political Economics - Explaining Economic Policy Persson Torsten Inst For Intl Economic StudiesPaperback
Political Economics - Explaining Economic Policy Persson Torsten Inst For Intl Economic StudiesPaperback What determines the size and form of redistributive programs, the extent and type of public…
Specifikacia Political Economics - Explaining Economic Policy Persson Torsten Inst For Intl Economic StudiesPaperback
Political Economics - Explaining Economic Policy Persson Torsten Inst For Intl Economic StudiesPaperback
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? 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. A large and rapidly growing literature in political economics attempts to answer these questions.
As in public choice, the delegation of policy As in modern macroeconomics, individual citizens behave rationally, their preferences over economic outcomes inducing preferences over policy.