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The authors try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system.
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Traditional macroeconomic policy analysis asks the positive question of how the economy responds to alternative, but exogenous, policy actions or rules. Knowing these responses, the analyst can go to the normative problem of policy advice, The best action or rule is selected, given a specific...
Persistent link: https://www.econbiz.de/10005638849
The postwar neoclassical theory of normative public finance has been written from a Pigovian perspective. It addresses questions about optimal taxation and allocation of public goods from the perspective of a benevolent social planner. This field of research has produced many important...
Persistent link: https://www.econbiz.de/10005479268
We try to demonstrate how economists may engage in research on comparative politics, relating the size and composition of government spending to the political system. A Downsian model of electoral competition and forward-looking voting indicates that majoritarian - as opposed to proportional -...
Persistent link: https://www.econbiz.de/10005419670
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A political constitution is like an incomplete contract: it spells out a procedure for making decisions and for delegating power, without specifying the content of those decisions. This creates a problem: the appointed policymaker could use this power for his own benefit against the interests of...
Persistent link: https://www.econbiz.de/10005648812