Title
Political Economics: Explaining Economic Policy (Zeuthen Lectures)
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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 Traditionsthe Theory Of Macroeconomic Policy, Public Choice, And Rational Choice In Political Sciencetorsten 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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Frequently Asked Questions
- Q: What is the main focus of 'Political Economics: Explaining Economic Policy'? A: The book focuses on understanding the determinants of redistributive programs, public goods provision, taxation, government deficits, and monetary policy within the context of political economics.
- Q: Who are the authors of this book? A: The authors of 'Political Economics: Explaining Economic Policy' are Torsten Persson and Guido Tabellini.
- Q: When was this book published? A: The book was published on February 7, 2002.
- Q: What is the page count of this book? A: The book contains 560 pages.
- Q: What type of binding does this book have? A: This book is available in paperback binding.
- Q: What condition is the book in? A: The book is listed as being in good condition.
- Q: Is there a specific edition of this book? A: Yes, this book is a reprint edition.
- Q: What topics do the authors combine in their approach? A: The authors combine elements from macroeconomic policy theory, public choice, and rational choice in political science.
- Q: How does this book contribute to the field of political economics? A: The book outlines a common method of analysis and identifies key problems in the field, suggesting a unified approach to understanding economic policy.
- Q: Is this book suitable for beginners in political economics? A: While the book provides valuable insights, it may be more suitable for readers with some prior knowledge in economics and political science.