Error title
Some error text about your books and stuff.
  • ISBN: 9780262540988
  • ISBN10: 0262540983

The Making of Economic Policy a Transaction-Cost Politics Perspective

by Avinash K. Dixit

  • List Price: $29.00
  • Binding: Paperback
  • Publisher: Mit Pr
  • Publish date: 10/01/1998
used Add to Cart $22.50
You save: 22%
Marketplace Item
new Add to Cart $26.40
You save: 9%
FREE shipping on orders over $49!
Description: The Making of Economic Policy begins by observing that most countries' trade policies are so blatantly contrary to all the prescriptions of the economist that there is no way to understand this discrepancy except by delving into the politics. The same is true for many other dimensions of economic policy.

Avinash Dixit looks for an improved understanding of the politics of economic policymaking from a transaction cost perspective. Such costs of planning, implementing, and monitoring an exchange have proved critical to explaining many phenomena in industrial organization. Dixit discusses the variety of similar transaction costs encountered in the political process of making economic policy and how these costs affect the operation of different institutions and policies.

Dixit organizes a burgeoning body of research in political economy within this framework. He uses U.S. fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework, and show how policy often deviates from the economist's ideal of efficiency. The approach reveals, however, that some seemingly inefficient practices are quite credible attempts to cope with transaction costs such as opportunism and asymmetric information.

Expand description
Seller Condition Comments Price  
Cellar Stories Bookstore
Location: Providence, RI
Very Good
Shipping Icon
0262540983 192 pp. 8vo. Paperback. Minor shelfwear. Crease to front joint,
please wait
Please Wait

Notify Me When Available

Enter your email address below,
and we'll contact you when your school adds course materials for
Enter your email address below, and we'll contact you when is back in stock (ISBN: ).