Prescription: Political Preference Functions Versus Social Welfare Functions
AbstractAvailable evidence taken from the experience of many countries strongly suggests that bad governments and institutions have been serious, if not the most serious, obstacle to economic growth; and all public sectors pursue a mix of both predatory and productive activitiesÃ¢â¬âbad governments emphasizing the former, and good governments finding a way of promoting the latter. Depending on your perspective, unfortunately or fortunately, participants in the public-sector policy process generally pay little attention to the advice and counsel of the economics profession. This, in part, is explained by the confusion that emerges from our profession over the role of the public sector. Some would have us believe that the government, or the public sector, is nothing more than a "clearing house" while still others advance frameworks that treat the public sector as a benign pursuer of the public interest.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 809.
Date of creation: 31 Dec 1990
Date of revision:
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
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Web page: http://www.econ.iastate.edu
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Other versions of this item:
- Gordon C. Rausser & Pinhas Zusman, 1992. "Prescription: Political Preference Functions Versus Social Welfare Functions," Center for Agricultural and Rural Development (CARD) Publications 90-gatt21, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Gordon C. Rausser & Pinhas Zusman, 1992. "Prescription: Political Preference Functions Versus Social Welfare Functions," Food and Agricultural Policy Research Institute (FAPRI) Publications 90-gatt21, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
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