Democracy and Welfare Economics [Paperback]

This is a fully revised and updated version of Hans van der Doel's Democracy and Welfare Economics.This fully revised and updated edition identifies four different methods of decision-making by which the political process transforms the demands of individual citizens into government policy, and these are analyzed in turn with reference to economic theory.This fully revised and updated edition identifies four different methods of decision-making by which the political process transforms the demands of individual citizens into government policy, and these are analyzed in turn with reference to economic theory.This book is a fully revised and updated version of Hans van den Doel's Democracy and Welfare Economics. It presents the economic theory of political decision-making (otherwise known as new political economy, or public choice), providing students with an accessible and clear introduction to this important subject. The authors identify four different methods of decision-making by which the political process transforms the demands of individual citizens into government policy, and these are analyzed in turn with reference to economic theory.Preface; 1. Economics and politics; 2. Welfare and welfare optimum; 3. Negotiation; 4. Majority decision; 5. Representation; 6. Implementation; 7. The political process; Notes; References; Index.