Political Economics Explaining Economic Policy

Author : Isabelle Brocas
Publisher : MIT Press
ISBN 13 : 9780262522915
Total Pages : 252 pages
Book Rating : 4.18/5 ( download)

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Download or read book Workbook to Accompany Political Economics written by Isabelle Brocas and published by MIT Press. This book was released on 2000-08-14 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book accompanies Political Economics: Explaining Economic Policy and sugggests solutions to the problems contained in each chapter.

Author : Torsten Persson
Publisher : MIT Press
ISBN 13 : 0262303663
Total Pages : 503 pages
Book Rating : 4.68/5 ( download)

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Download or read book Political Economics written by Torsten Persson and published by MIT Press. This book was released on 2002-01-25 with total page 503 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Torsten Persson
Publisher : MIT Press
ISBN 13 : 9780262661317
Total Pages : 564 pages
Book Rating : 4.14/5 ( download)

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Download or read book Political Economics written by Torsten Persson and published by MIT Press. This book was released on 2002-01-25 with total page 564 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Antonio Merlo
Publisher : Routledge
ISBN 13 : 0429954492
Total Pages : 198 pages
Book Rating : 4.98/5 ( download)

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Download or read book Political Economy and Policy Analysis written by Antonio Merlo and published by Routledge. This book was released on 2018-11-14 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most of economics takes politics for granted. Through some (often implausible) assumptions, it seeks to explain away political structures by characterizing them as stable and predictable or as inconsequential in understanding what goes on in an economy. Such attempts are misguided, and this book shows how governments and political institutions are composed of people who respond to incentives and whose behavior and choices can be studied through the lens of economics. This book aims to bridge the gap between economics and politics, and in doing so hopes to instill in the reader a deeper appreciation for social scientific thinking. Opening with a refresher on microeconomics and an introduction to the toolkit of political economy, it ensures that the necessary building blocks are in place before building up from the level of the individual and the firm to show how a political–economic equilibrium can be achieved. The text explores how to separate primitives—the external parts of a model that we cannot affect—from outcomes—the internal parts of a model that we can. Moreover, it demonstrates that economic and political issues alike can be studied within the same general framework of analysis. Political Economy and Policy Analysis offers readers the chance to gain a more sophisticated understanding of political processes, economic processes, and the interplay among them. Adopting an applied microeconomics approach, it will be ideal for upper-level undergraduate or postgraduate courses on political economy, public choice, or policy analysis. A complementary workbook with exercises and solutions that accompanies Political Economy and Policy Analysis is available for download under the eResources tab at: https://www.routledge.com/Political-Economy-and-Policy-Analysis/Merlo/p/book/9781138591783.

Author : Allan Drazen
Publisher : Princeton University Press
ISBN 13 : 0691188009
Total Pages : 775 pages
Book Rating : 4.03/5 ( download)

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Download or read book Political Economy in Macroeconomics written by Allan Drazen and published by Princeton University Press. This book was released on 2018-06-05 with total page 775 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally, economics was called political economy, and those studying it readily accepted that economic decisions are made in a political world. But economics eventually separated itself from politics to pursue rigorous methods of analyzing individual behavior and markets. Recently, an increasing number of economists have turned their attention to the old question of how politics shape economic outcomes. To date, however, this growing literature has lacked a cogent organization and a unified approach. Here, in the first full-length examination of how political forces affect economic policy decisions, Allan Drazen provides a systematic treatment, organizing the increasingly influential "new political economy" as a more established field at the highly productive intersection of economics and political science. Although he provides an extraordinarily helpful guide to the recent explosion of papers on political economy in macroeconomics, Drazen moves far beyond survey, giving definition and structure to the field. He proposes that conflict or heterogeneity of interests should be the field's essential organizing principle, because political questions arise only when people disagree over which economic policies should be enacted or how economic costs and benefits should be distributed. Further, he illustrates how heterogeneity of interests is crucial in every part of political economy. Drazen's approach allows innovative treatment--using rigorous economic models--of public goods and finance, economic growth, the open economy, economic transition, political business cycles, and all of the traditional topics of macroeconomics. This major text will have an enormous impact on students and professionals in political science as well as economics, redefining how decision makers on several continents think about the full range of macroeconomic issues and informing the approaches of the next generation of economists.

Author : Avinash K. Dixit
Publisher : MIT Press
ISBN 13 : 9780262540988
Total Pages : 220 pages
Book Rating : 4.83/5 ( download)

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Download or read book The Making of Economic Policy written by Avinash K. Dixit and published by MIT Press. This book was released on 1998-09-01 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy. Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies. Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist's ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information. Copublished with the Center for Economic Studies and the Ifo Institute

Author : James E. Alt
Publisher : Univ of California Press
ISBN 13 : 9780520049833
Total Pages : 292 pages
Book Rating : 4.37/5 ( download)

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Download or read book Political Economics written by James E. Alt and published by Univ of California Press. This book was released on 1983-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Alex Cukierman
Publisher : MIT Press
ISBN 13 : 9780262031943
Total Pages : 430 pages
Book Rating : 4.49/5 ( download)

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Download or read book Political Economy, Growth, and Business Cycles written by Alex Cukierman and published by MIT Press. This book was released on 1992 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. What political and economic factors stimulate growth and make an economy expand? These original contributions by some of today's leading macroeconomists and political economists explore a broad spectrum of social, political, and technological variables that encourage or impede economic growth. Topics range from economic reform and price flexibility to the economic effects of political coups and include both theoretical analysis and empirical results.During the past decade, economists have seen important new developments linking growth and business cycles to government policy. These contributions provide a clear understanding of these processes and their effect in shaping economic policy. They look at the welfare side of economics and offer strong economic models to explain the connection between social policies and economic growth. For example, John Londregan and Keith Poole address the economic effects of political coups, Torsten Persson and Guido Tabellini explore the question of whether inequality is harmful for growth, and Stephen Parente and Edward Prescott look at the role of technology adoption in stimulating growth.The essays cover a wide range of approaches. Several focus on the interaction between growth and the choice of policy, where policy reacts to economic and distributional considerations through a majority rule process. Others take the policy as given and focus on the empirical estimation of the speed of convergence of rates of growth across states and regions and the importance of externalities and knowledge spillovers for rates of growth. Essays about the business cycle fall into two broad categories. One, arising from the new political economy tradition, examines the effects of elections and price decontrols on the business cycle. The other explores the implications of optimal economic policies in a representative agent framework for the cyclical behavior of the economy.

Author : John Stuart Mill
Publisher :
ISBN 13 :
Total Pages : 600 pages
Book Rating : 4.05/5 ( download)

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Download or read book Principles of Political Economy written by John Stuart Mill and published by . This book was released on 1866 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : James A. Caporaso
Publisher : Cambridge University Press
ISBN 13 : 9780521425780
Total Pages : 258 pages
Book Rating : 4.86/5 ( download)

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Download or read book Theories of Political Economy written by James A. Caporaso and published by Cambridge University Press. This book was released on 1992-08-28 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exploration of some of the more important frameworks used for understanding the relationship between politics and economics includes the classical, Marxian, Keynesian, neoclassical, state-centered, power-centered, and justice-centered.