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Economic policy advice and political preferences

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  • Peter Coughlin

Abstract

This essay argues that public choice offers an appropriate approach for thinking about economic policy advice. First I discuss the nature of the policy advice that is proffered by economists. Then I specifically suggest that one of the most common modeling features in the public choice literature (viz., the assumption that individuals have political preferences) may be useful in helping us understand the nature of this advice. Finally, I also carry out a tentative exploration of the implications of accepting the perspective that is provided when the suggested modeling feature is used in this context. Copyright Kluwer Academic Publishers 1989

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File URL: http://hdl.handle.net/10.1007/BF00123884
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Bibliographic Info

Article provided by Springer in its journal Public Choice.

Volume (Year): 61 (1989)
Issue (Month): 3 (June)
Pages: 201-216

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Handle: RePEc:kap:pubcho:v:61:y:1989:i:3:p:201-216

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Web page: http://www.springerlink.com/link.asp?id=100332

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  1. Friedman, Milton, 1986. "Economists and Economic Policy," Economic Inquiry, Western Economic Association International, vol. 24(1), pages 1-10, January.
  2. William Mitchell, 1988. "Virginia, Rochester, and Bloomington: Twenty-five years of public choice and political science," Public Choice, Springer, vol. 56(2), pages 101-119, February.
  3. Frey, Bruno S, et al, 1984. "Consensus and Dissension among Economists: An Empirical Inquiry," American Economic Review, American Economic Association, vol. 74(5), pages 986-94, December.
  4. Rivlin, Alice M, 1987. "Economics and the Political Process," American Economic Review, American Economic Association, vol. 77(1), pages 1-10, March.
  5. Anthony Downs, 1957. "An Economic Theory of Political Action in a Democracy," Journal of Political Economy, University of Chicago Press, vol. 65, pages 135.
  6. Shmuel Nitzan & Jacob Paroush, 1984. "Are qualified majority rules special?," Public Choice, Springer, vol. 42(3), pages 257-272, January.
  7. Schultze, Charles L, 1985. "Microeconomic Efficiency and Nominal Wage Stickiness," American Economic Review, American Economic Association, vol. 75(1), pages 1-15, March.
  8. Oates, Wallace E, 1985. "Searching for Leviathan: An Empirical Study," American Economic Review, American Economic Association, vol. 75(4), pages 748-57, September.
  9. Nelson, Robert H, 1987. "The Economics Profession and the Making of Public Policy," Journal of Economic Literature, American Economic Association, vol. 25(1), pages 49-91, March.
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