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Ideologies, Beliefs, and Economic Advice - A Cognitive- Evolutionary View on Economic Policy-Making

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Author Info

  • Tilman Slembeck

    (University of St.Gallen)

Abstract

Economists often perceive the “ideological beliefs“ held by political actors as obstacles to rational policy-making. In contrast, it is argued that ideologies have characteristics that appear desirable in policy- making in that they allow political actors to credibly commit themselves to certain policies, thereby fostering rule-based behavior and predictability. Understanding the roles of ideologies and economic beliefs in the political process also enables economists to be more effective in giving economic policy advice. The roles of beliefs, ideologies, and economists as policy advisers are discussed in a cognitive-evolutionary framework of the political process, and a new research agenda is proposed. Finally, several problems and shortcomings of policy proposals are discussed with regard to the two different worlds that policy-makers and economists live in.

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File URL: http://128.118.178.162/eps/pe/papers/0004/0004005.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Public Economics with number 0004005.

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Length: 33 pages
Date of creation: 05 Jul 2000
Date of revision:
Handle: RePEc:wpa:wuwppe:0004005

Note: Type of Document - PDF; prepared on IBM PC; to print on HP/PostScript; pages: 33 ; figures: included. Discussion Paper No. 2000- 12, Department of Economics, University of St.Gallen, June 2000, downloads at http://www.fgn.unisg.ch/public/public.htm
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Web page: http://128.118.178.162

Related research

Keywords: policy-making; political process; cognition; evolution; beliefs; ideology; economic advice;

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Cited by:
  1. Martina Eckardt, 2003. "The Open Method of Co-ordination on Pensions - An Economic Analysis of its Effects on Pension Reforms," Thuenen-Series of Applied Economic Theory 39, University of Rostock, Institute of Economics, Germany.
  2. Martina Eckardt, 2004. "Evolutionary Approaches to Legal Change," Thuenen-Series of Applied Economic Theory 47, University of Rostock, Institute of Economics, Germany.
  3. Lehmann-Waffenschmidt, Marco & Sandri, Serena, 2007. "Recursivity and Self-Referentiality of Economic Theories and Their Implications for Bounded Rational Actors," Dresden Discussion Paper Series in Economics 03/07, Dresden University of Technology, Faculty of Business and Economics, Department of Economics.

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