Now that we have dealt with the market failure, we want to investigate the question of whether politics makes economic decisions in a pareto-efficient or socially maximizing way. The behavior of politicians and the voting procedures necessary for decisions form the political decision-making framework for economic policy. Politics manages democracy and must remedy the market failure and provide goods. To do this, it needs a bureaucracy to implement political decisions about the production of public goods. Here, too, we want to analyze the motives behind a bureaucracy and, in particular, whether it can efficiently implement political decisions.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Political Failure

  • Christian A. Conrad

摘要

Now that we have dealt with the market failure, we want to investigate the question of whether politics makes economic decisions in a pareto-efficient or socially maximizing way. The behavior of politicians and the voting procedures necessary for decisions form the political decision-making framework for economic policy. Politics manages democracy and must remedy the market failure and provide goods. To do this, it needs a bureaucracy to implement political decisions about the production of public goods. Here, too, we want to analyze the motives behind a bureaucracy and, in particular, whether it can efficiently implement political decisions.