Markets and politicians : politicized economic choice / edited by Arye L. Hillman.

Format:

Book

Contributor:

Hillman, Arye L.

Series:

Studies in public choice

Language:

English

Subjects (All):

Economic policy.

Politicians.

Social choice.

Physical Description:

xvi, 368 pages : illustrations ; 24 cm.

Place of Publication:

Boston : Kluwer Academic Publishers, [1991]

Summary:

It has been common practice in economic models to portray the politician as a mechanistic individual who behaves to maximize a prespecified conception of social welfare. The self interest and discretion that is attributed to firms and consumers as optimizing agents is absent from the motives of such a politician. This assumes that economic policy choice is depoliticized. This book recognizes that politicians do not behave mechanistically. Politicians are viewed as self interest-optimizing agents and, thus, the choice of economic policies is politicized. The book provides a broad spectrum of economic policies in which markets and politicians interact. Section I is concerned with policy determination in western market economies. Section II deals with the entry of markets into transitional socialist economics, and Section III goes into international transactions.

Notes:

Includes bibliographical references.

ISBN:

0792391357

OCLC:

22629069