This book seeks to extend economic analysis to problems involving voting and the political process. The authors deal with two types of problems: one involving taxation and redistribution, the other involving information, credibility, and the costs of democracy. An introductory essay first describes the approach and its broader implications. The subsequent analysis treats voters' decisions in the polling place as similar to their decisions in the market place--they maximize subject to constraints. In determining the level of ...
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This book seeks to extend economic analysis to problems involving voting and the political process. The authors deal with two types of problems: one involving taxation and redistribution, the other involving information, credibility, and the costs of democracy. An introductory essay first describes the approach and its broader implications. The subsequent analysis treats voters' decisions in the polling place as similar to their decisions in the market place--they maximize subject to constraints. In determining the level of taxation and redistribution, voters consider the benefits and costs they bear. These include the loss of incentives as taxes increase and the gain in consumption as redistribution increases. The authors use this model to explain why redistribution is often in-kind instead of the type of negative income tax often favored by economists, why progressive taxes are found in many countries, and why the degree of progressivity varies across states and countries.
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Add this copy of Political Economy to cart. $33.41, good condition, Sold by Anybook rated 5.0 out of 5 stars, ships from Lincoln, UNITED KINGDOM, published 1991 by Oxford University Press.
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Seller's Description:
This is an ex-library book and may have the usual library/used-book markings inside. This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item, 600grams, ISBN: 0195056248.
Add this copy of Political Economy to cart. $36.32, very good condition, Sold by ThriftBooks-Reno rated 5.0 out of 5 stars, ships from Reno, NV, UNITED STATES, published 1991 by Oxford University Press, USA.
Add this copy of Political Economy to cart. $73.58, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 1991 by Oxford University Press.
