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The Making of Economic Policy
A Transaction-Cost Politics Perspective
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Fler böcker av Avinash K Dixit
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"This work is a tour de force of the kind we have come to expect fromAvinash Dixit. Using the basic ideas of transactions cost theory, hesimultaneously analyzes much of current literature and provides hisown insights in to the theory of economic policy formulation. The workis sure to be a standard reference in the burgeoning field ofpolitical economy." Anne O. Krueger, Professor of Economics, Stanford University.
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Hans-Werner Sinn is Professor of Economics and Public Finance at the University of Munich and President of the CESIfo Group. Author of Can Germany Be Saved? The Malaise of the World's First Welfare State (MIT Press) and other books, he is former president of the International Institute of Public Finance, and former chairman of the German Economic Association.
Economic policymaking as a political process: the normative approach to policy analysis; the positive view of political economy; a synthesis: the policy process in "real time"; a theme: transaction costs. The transaction-cost politics framework: political outcomes and economic efficiency; transaction-cost analysis in politics; mechanisms to cope with transaction costs in politics; national differences. Two case studies to illustrate transaction-cost politics: tax and expenditure reform in the United States; the GATT and national trade politics. Some reflections and suggestions: some lessons for the policy process; the role of the economist; concluding comments. Appendix: multiprincipal, multitask agencies.