Hardcover 388 pages / Springer / 1991-01-31 / listprice: $170.00 ISBN: 0792391357 Product Dimentions: 9.21 x 6.14 x 0.93 inches Product Weight: 158 ounces Customer
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Book Description 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.
Book Description