Markets and politicians : politicized economic choice

edited by Arye L. Hillman

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.

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  • I: Economic Policies and Political Motives.- A. Theoretical Perspectives.- 1. Economic Policies and Political Competition.- 2. Voluntary collective action.- 3. Factor income taxation in a representative democracy.- B. Policy Choices.- 4. Macroeconomic stabilization policy: Does politics matter?.- 5. Accidental freedom.- 6. Europe 1992: From the common to the single market.- II: Markets and Socialism.- A. Market Socialism in Eastern Europe.- 7. Markets and ownership in socialist countries in transition.- 8. Socialism in less than one country.- B. Transitionary Policies.- 9. Restoring property rights.- 10. Liberalization dilemmas.- C. Economic Change in China.- 11. The failure of recentralization in China: Interplays among enterprises, local governments, and the center.- 12. Market-oriented reform and fiscal policy.- III: International Economic Policy.- A. International Trade.- 13. The political-economy perspective on trade policy.- 14. The economics and political economy of managed trade.- 15. Changes in trade-policy regimes.- B. International Monetary Transaction.- 16. Foreign-exchange markets and central-bank intervention.- 17. The political economy of the international debt crisis.- 18. Foreign-exchange market liberalization: Anatomy of a failure.

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書名 Markets and politicians : politicized economic choice
著作者等 Hillman, Arye L.
Hillman A.L.
シリーズ名 Studies in public choice
出版元 Kluwer Academic Publishers
刊行年月 c1991
ページ数 xvi, 368 p.
大きさ 24 cm
ISBN 0792391357
NCID BA12753258
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言語 英語
出版国 アメリカ合衆国