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Markets and Politicians : Politicized Economic Choice :  Politicized Economic Choice - Arye L. Hillman

Markets and Politicians : Politicized Economic Choice

Politicized Economic Choice

By: Arye L. Hillman (Editor)

Hardcover Published: 15th January 1991
ISBN: 9780792391357
Number Of Pages: 368

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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.

Contributing Authors
Introduction
Economic Policies and Political Motives
Theoretical Perspectives
Economic policies and political competitionp. 1
Voluntary collective actionp. 27
Factor income taxation in a representative democracyp. 43
Policy Choices
Macroeconomic stabilization policy: Does politics matter?p. 63
Accidental freedomp. 93
Europe 1992: From the common to the single marketp. 113
Markets and Socialism
Market Socialism in Eastern Europe
Markets and ownership in socialist countries in transitionp. 137
Socialism in less than one countryp. 169
Transitionary Policies
Restoring property rightsp. 179
Liberalization dilemmasp. 189
Economic Change in China
The failure of recentralization in China: Interplays among enterprises, local governments, and the centerp. 209
Market-oriented reform and fiscal policyp. 231
International Economic Policy
International Trade
The political-economy perspective on trade policyp. 263
The economics and political economy of managed tradep. 283
Changes in trade-policy regimesp. 307
International Monetary Transactions
Foreign-exchange markets and central-bank interventionp. 319
The political economy of the international debt crisisp. 339
Foreign-exchange market liberalization: Anatomy of a failurep. 357
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780792391357
ISBN-10: 0792391357
Series: Studies in Public Choice
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 368
Published: 15th January 1991
Publisher: Springer
Country of Publication: NL
Dimensions (cm): 23.5 x 15.5  x 3.18
Weight (kg): 0.74