The Making of Economic Policy

The Making of Economic Policy
Author: Avinash K. Dixit
Publisher: MIT Press
Total Pages: 220
Release: 1998-09-01
Genre: Business & Economics
ISBN: 9780262540988

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

How to Write about Economics and Public Policy

How to Write about Economics and Public Policy
Author: Katerina Petchko
Publisher: Academic Press
Total Pages: 474
Release: 2018-07-12
Genre: Business & Economics
ISBN: 0128130113

How to Write about Economics and Public Policy is designed to guide graduate students through conducting, and writing about, research on a wide range of topics in public policy and economics. This guidance is based upon the actual writing practices of professional researchers in these fields and it will appeal to practitioners and students in disciplinary areas such as international economics, macroeconomics, development economics, public finance, policy studies, policy analysis, and public administration. Supported by real examples from professional and student writers, the book helps students understand what is expected of writers in their field and guides them through choosing a topic for research to writing each section of the paper. This book would be equally effective as a classroom text or a self-study resource. - Teaches students how to write about qualitative and quantitative research in public policy and economics in a way that is suitable for academic consumption and that can drive public policy debates - Uses the genre-based approach to writing to teach discipline-appropriate ways of framing problems, designing studies, and writing and structuring content - Includes authentic examples written by students and international researchers from various sub-disciplines of economics and public policy - Contains strategies and suggestions for textual analysis of research samples to give students an opportunity to practice key points explained in the book - Is based on a comprehensive analysis of a research corpus containing 400+ research articles in various areas of public policy and economics

White-Collar Government

White-Collar Government
Author: Nicholas Carnes
Publisher: University of Chicago Press
Total Pages: 201
Release: 2013-11-05
Genre: Political Science
ISBN: 022608728X

Eight of the last twelve presidents were millionaires when they took office. Millionaires have a majority on the Supreme Court, and they also make up majorities in Congress, where a background in business or law is the norm and the average member has spent less than two percent of his or her adult life in a working-class job. Why is it that most politicians in America are so much better off than the people who elect them— and does the social class divide between citizens and their representatives matter? With White-Collar Government, Nicholas Carnes answers this question with a resounding—and disturbing—yes. Legislators’ socioeconomic backgrounds, he shows, have a profound impact on both how they view the issues and the choices they make in office. Scant representation from among the working class almost guarantees that the policymaking process will be skewed toward outcomes that favor the upper class. It matters that the wealthiest Americans set the tax rates for the wealthy, that white-collar professionals choose the minimum wage for blue-collar workers, and that people who have always had health insurance decide whether or not to help those without. And while there is no one cause for this crisis of representation, Carnes shows that the problem does not stem from a lack of qualified candidates from among the working class. The solution, he argues, must involve a variety of changes, from the equalization of campaign funding to a shift in the types of candidates the parties support. If we want a government for the people, we have to start working toward a government that is truly by the people. White-Collar Government challenges long-held notions about the causes of political inequality in the United States and speaks to enduring questions about representation and political accountability.

Economics and Development Studies

Economics and Development Studies
Author: Michael Tribe
Publisher: Routledge
Total Pages: 311
Release: 2010-09-13
Genre: Business & Economics
ISBN: 1136938745

Economics and Development Studies synthesises existing development economics literature, much of it very contemporary, in order to identify the salient issues and controversies and to make them accessible and understandable.

Innovation and Public Policy

Innovation and Public Policy
Author: Austan Goolsbee
Publisher: University of Chicago Press
Total Pages: 259
Release: 2022-03-25
Genre: Business & Economics
ISBN: 022680545X

A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

Economics In Practice: Evidence-based Policymaking In Singapore

Economics In Practice: Evidence-based Policymaking In Singapore
Author: Ming Leong Kuan
Publisher: World Scientific
Total Pages: 351
Release: 2021-12-10
Genre: Political Science
ISBN: 9811250030

Singapore is recognised to be one of the most successful economies in the world given its rapid economic and social transformation. Its success is the result of a judicious blend of markets and government, high-quality governance, and public policies that are coherent, consistent and coordinated.This book showcases the contribution of Economics to Singapore's public policymaking. To illustrate the diverse areas that economic analysis has contributed to, this book comprises three sections that span the economic and non-economic policy domains in Singapore. Section I covers economic policies relating to economic growth, trade, investments, productivity, innovation, industrial development, the enterprise landscape and manpower. Section II highlights socioeconomic and security policies, and covers themes such as income inequality and mobility, families, healthcare costs and crime. In Section III, the focus is on infrastructural policies relating to the environment, housing and land transport.This book commemorates the 20th anniversary of the Singapore Government's Economist Service. As the premier service for economists in the Singapore public sector, the Economist Service plays an integral role in supporting evidence-based policymaking through rigorous economic research and analysis of public policies.

Economics for Policy Makers

Economics for Policy Makers
Author: Gustavo Rinaldi
Publisher: Routledge
Total Pages: 313
Release: 2019-04-16
Genre: Business & Economics
ISBN: 0429754655

Certain key economic decisions taken by organizations and indeed countries are often not made by economists but by businessmen, trade unionists, politicians and policy-makers. Those who employ people, those who represent workers, those who make laws and those who elect them need economics but may have little time or desire to study it. This book makes economics easily available to everyone. The author’s use of simple language and avoidance of technical jargon provides non-economists with a better understanding of economic reasoning and the tools "to know and to decide". The author achieves this through introducing key concepts in short presentations and arming the reader with selected press articles and recent research using these concepts. An analysis of these demonstrates how a general concept can be derived from a specific context and highlighted questions provide the basis for further debate. The reader can then focus on the parts most relevant to their own needs. This book will have great appeal to employers, trade unionists and public officials attending courses organized by international institutions, professional training providers, as well as graduate students of courses where economics is an important element, especially in relation to its policy implications. Finally, it is invaluable for anybody who has wanted to learn the basics of practical economics but has been deterred by its technicalities.

Studies in Economics and Policy Making

Studies in Economics and Policy Making
Author: William T. Bagatelas
Publisher: Verlag Barbara Budrich
Total Pages: 220
Release: 2010-10-28
Genre: Political Science
ISBN: 3863884175

This book presents a broader, more courageous interpretation of economic thinking and associated tasks of policy making. The reader will go far beyond traditional boundaries of economic thought and practice. While conceptualizing in broader manner, the fundamentals of economic and managerial thought in the context of today’s transformation process, it offers a genuine account regarding the pace of adaptation and change, in the wake of globalization’s latest phase. It asserts that knowledge management has become an essential component beyond previous assumptions, while complimenting and enhancing larger achievements at domestic and international levels. Increasingly, necessary managerial skill levels and ability, including enhanced leadership skills, effective communication, and capacities for knowledge mobilization, while enhancing ethical outcomes, help lead societies towards greater success amidst greater uncertainty.

Infrastructure Economics and Policy

Infrastructure Economics and Policy
Author: Jose A. Gomez-Ibanez
Publisher:
Total Pages: 472
Release: 2021-12
Genre:
ISBN: 9781558444188

In this comparison of infrastructure across countries and sectors, leading international academics and practitioners consider the latest approaches to infrastructure policy, implementation, and finance. The book presents evidence-based solutions and policy considerations, essential concepts and economic theories, and a current overview.

Political Economy for Public Policy

Political Economy for Public Policy
Author: Ethan Bueno de Mesquita
Publisher: Princeton University Press
Total Pages: 426
Release: 2016-09-06
Genre: Political Science
ISBN: 0691168741

The ideal introductory textbook to the politics of the policymaking process This textbook uses modern political economy to introduce students of political science, government, economics, and public policy to the politics of the policymaking process. The book's distinct political economy approach has two virtues. By developing general principles for thinking about policymaking, it can be applied across a range of issue areas. It also unifies the policy curriculum, offering coherence to standard methods for teaching economics and statistics, and drawing connections between fields. The book begins by exploring the normative foundations of policymaking—political theory, social choice theory, and the Paretian and utilitarian underpinnings of policy analysis. It then introduces game theoretic models of social dilemmas—externalities, coordination problems, and commitment problems—that create opportunities for policy to improve social welfare. Finally, it shows how the political process creates technological and incentive constraints on government that shape policy outcomes. Throughout, concepts and models are illustrated and reinforced with discussions of empirical evidence and case studies. This textbook is essential for all students of public policy and for anyone interested in the most current methods influencing policymaking today. Comprehensive approach to politics and policy suitable for advanced undergraduates and graduate students Models unify policy curriculum through methodological coherence Exercises at the end of every chapter Self-contained appendices cover necessary game theory Extensive discussion of cases and applications