Political economy of economic policy : the quest for human betterment
Author(s)
Bibliographic Information
Political economy of economic policy : the quest for human betterment
Praeger, 1988
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Note
Bibliography: p. 249-261
Includes index
Description and Table of Contents
Description
David takes as his point of departure the orthodox rational paradigm of public policy-making--which, he argues, does not adequately reflect real-world process--to present an integrated model for economic policy formulation and execution. By juxtaposing the theoretical foundations of the rationalist model with insights drawn from alternative systems of political economy, he shows how economic decisionmaking is both more complex and less idealistic than the rational paradigm assumes. In constructing his argument, David systematically integrates ideas drawn from moral philosophy, politics, sociology, systems theory, institutional and neo-Marxian economic thought, and international dimensions of poitical economy. He suggests a reorientation of theory and analysis based on an approach emphasizing the role of values, conflicts, power, and divergent interests in the decisionmaking process. Focusing throughout on questions raised by the rationalist model, David builds his analysis around issues such as: the validity of the dominant theories of public economic decision-making; the logical vis-a-vis ideological foundations of economic policy postulates; the extent to which decisions can be made more responsive to values pertaining to human development.
Table of Contents
The Conventional Economic Policy Paradigm
Prologue: Rationality and Microeconomic Decisions
Welfare Economics and the Justification of Policy
The Theory of Quantitative Economic Policy
Policy Conflicts and Trade-offs Among Objectives
The Evaluation of Policy: Social-cost Benefit Analysis
The Perspective of Balanced Political Economy
Fundamental Policy Aims and Human Betterment
Ethical Systems and the Moral Basis of Policy
Social Systems Dynamics and the Policy Process
Political Rationality, Power, and Interest Groups
State and Market in the Policy Process
Dimensions of International Political Economy
Appendix
Bibliography
Index
by "Nielsen BookData"