Modeling Politics with Economic Tools: A Critical Survey of the Literature

Author/Editor:

Jan-Peter Olters

Publication Date:

January 1, 2001

Electronic Access:

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Summary:

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the effects of government behaviour on the economy, it has not (yet) managed to fully develop a positively formulated "economic theory of politics" that would permit the integration of the decision-making processes of voters, parties and governments with those of consumers and firms. Considerable recent advances notwithstanding, the large and heterogeneous body of literature has (so far) remained outside the economic mainstrain. The paper surveys the main approaches used to endogenize democratic elements and assesses the underlying reasons for researchers' renewed interest in this field.

Series:

Working Paper No. 2001/010

Subject:

Business cycles Economic growth Inflation Labor National accounts Personal income Prices Unemployment Unemployment rate

English

Publication Date:

January 1, 2001

ISBN/ISSN:

9781451842692/1018-5941

Stock No:

WPIEA0102001

Pages:

63

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