The Making of Economic Policy: A Transaction Cost Politics Perspective (The Munich Lectures)

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9780262540988: The Making of Economic Policy: A Transaction Cost Politics Perspective (The Munich Lectures)

The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.

Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies.

Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist's ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information.

Copublished with the Center for Economic Studies and the Ifo Institute

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The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.

About the Author:

Avinash K. Dixit is John J. F. Sherrerd '52 University Professor of Economics at Princeton University.

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Avinash K. Dixit
Editorial: MIT Press Ltd, United States (1998)
ISBN 10: 0262540983 ISBN 13: 9780262540988
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Descripción MIT Press Ltd, United States, 1998. Paperback. Estado de conservación: New. Revised ed.. Language: English . Brand New Book. The Making of Economic Policy begins by observing that most countries trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies.Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist s ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information.Copublished with the Center for Economic Studies and the Ifo Institute. Nº de ref. de la librería AAU9780262540988

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Descripción MIT Press, 1998. PAP. Estado de conservación: New. New Book.Shipped from US within 10 to 14 business days.THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. Nº de ref. de la librería IP-9780262540988

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Avinash K. Dixit
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Descripción MIT Press Ltd, United States, 1998. Paperback. Estado de conservación: New. Revised ed.. Language: English . Brand New Book. The Making of Economic Policy begins by observing that most countries trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.Avinash Dixit looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies.Dixit organizes a burgeoning body of research in political economy in this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist s ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite creditable attempts to cope with transaction costs such as opportunism and asymmetric information.Copublished with the Center for Economic Studies and the Ifo Institute. Nº de ref. de la librería AAU9780262540988

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Descripción The MIT Press, 1998. Estado de conservación: New. This text looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. It uses US fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework. Series: Munich Lectures in Economics. Num Pages: 210 pages, 2. BIC Classification: KCL; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 201 x 133 x 14. Weight in Grams: 270. . 1998. New edition. Paperback. . . . . . Nº de ref. de la librería V9780262540988

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Descripción MIT Press. Paperback. Estado de conservación: New. New copy - Usually dispatched within 2 working days. Nº de ref. de la librería B9780262540988

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Descripción The MIT Press. Estado de conservación: New. This text looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. It uses US fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework. Series: Munich Lectures in Economics. Num Pages: 210 pages, 2. BIC Classification: KCL; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 201 x 133 x 14. Weight in Grams: 270. . 1998. New edition. Paperback. . . . . Books ship from the US and Ireland. Nº de ref. de la librería V9780262540988

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Descripción MIT Press, 1998. PAP. Estado de conservación: New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Nº de ref. de la librería BB-9780262540988

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Descripción Mit Press 9/1/1998, 1998. Paperback or Softback. Estado de conservación: New. The Making of Economic Policy: A Transaction-Cost Politics Perspective. Book. Nº de ref. de la librería BBS-9780262540988

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Descripción MIT 1998-10-02, Cambridge, Mass. |London, 1998. paperback. Estado de conservación: New. Nº de ref. de la librería 9780262540988

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Descripción Mit University Press Group Ltd, 1998. Estado de conservación: New. Nº de ref. de la librería EH9780262540988

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