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Democracy and Welfare Economics
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Details

  • Page extent: 228 pages
  • Size: 228 x 152 mm
  • Weight: 0.3 kg

Library of Congress

  • Dewey number: 330.15/56
  • Dewey version: 20
  • LC Classification: HB99.3 .D6313 1993
  • LC Subject headings:
    • Welfare economics
    • Democracy
    • Bureaucracy

Library of Congress Record

Paperback

 (ISBN-13: 9780521436373 | ISBN-10: 0521436370)

This is a fully revised and updated version of Hans van der Doel's Democracy and Welfare Economics. It presents the economic theory of political decision-making (otherwise knownn as new political economy, or public choice), providing students with an accessible and clear introduction to this important subject. The authors identify four different methods of decision-making by which the political process transforms the demands of individual citizens into government policy and public goods and services: negotiation, majority decision, representations and bureaucratic implementation. These are analysed, in turn, as independent decision-making models whose effectiveness is examined with reference to economic theory. A final chapter draws conclusions from this analysis, arguing that the size of the public sector is a result of forces that work in different directions at different stages of the political process.

Contents

Preface; 1. Economics and politics; 2. Welfare and welfare optimum; 3. Negotiation; 4. Majority decision; 5. Representation; 6. Implementation; 7. The political process; Notes; References; Index.

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