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  3. Democracy and Welfare Economics
  • Cited by 19
Publisher:
Cambridge University Press
Online publication date:
May 2011
Print publication year:
1993
Online ISBN:
9780511559563
DOI:
https://doi.org/10.1017/CBO9780511559563
Subjects:
Economics, Macroeconomics
Information

Book description

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.

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