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Public Choice and Public Policy: The Vulnerability of Economic Advice to the Interpretation of Politicians

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  • Jones, Philip R
  • Cullis, John G

Abstract

The confidence with which politicians defend their policies is in marked contrast to the qualifications which academic researchers attach to their results. The difference is indicative of a failure of the political market whereby politicians have an incentive to select policies for electoral and ideological reasons and to minimize any uncertainty associated with policy effectiveness. In this scenario dissension between economists is of value if it alerts individuals to the sensitivity of policy "answers" to the framework in which they are derived. Moreover, with government failure, public choice analysts are faced with the problem of how best to amend policy advice in order to allow for potential distortion at the hands of politicians. Copyright 1993 by Kluwer Academic Publishers

Suggested Citation

  • Jones, Philip R & Cullis, John G, 1993. "Public Choice and Public Policy: The Vulnerability of Economic Advice to the Interpretation of Politicians," Public Choice, Springer, vol. 75(1), pages 63-77, January.
  • Handle: RePEc:kap:pubcho:v:75:y:1993:i:1:p:63-77
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    Cited by:

    1. Gebhard Kirchgässner, 2013. "Zur Rolle der Ökonometrie in der wissenschaftlichen Politikberatung," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 14(1-2), pages 3-30, February.
    2. Ha Quyen Ngo & Niklas Potrafke & Marina Riem & Christoph Schinke, 2018. "Ideology and Dissent among Economists: The Joint Economic Forecast of German Economic Research Institutes," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(1), pages 135-152, January.
    3. Bruno S. Frey, 2000. "Was Bewirkt die Volkswirtschaftslehre?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(1), pages 5-33, February.
    4. Bruno Frey, 2006. "How Influential is Economics?," De Economist, Springer, vol. 154(2), pages 295-311, June.

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