The Economics Of Collective Choice

The Economics Of Collective Choice
Author: Joe B Stevens
Publisher: Routledge
Total Pages: 522
Release: 2018-02-06
Genre: Political Science
ISBN: 0429972482

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The study of government policy and public decision-making has experienced a renaissance in recent years as economists and political scientists have come together to form the new field of collective, or public, choice. The Economics of Colletive Choice is a breakthrough text in this field. It is the first to approach the public policy process with a sophisticated understanding of both economics and government and to present these ideas with a grace and accessibility entirely appropriate to undergraduates. Collective choice economics as presented by Professor Stevens is a mix of applied welfare economics and public choice analysis and does not presuppose a knowledge of intermediate microeconomics. Professor Stevens credits both the conservative insight that government intervention is often worse than what it is intended to cure and the liberal view that efficiency and justice are sometimes best served by intervention. This approach allows students to find their own balance between these ideological views. This unique book is designed as a core text for courses on public choice and public policy analysis. It will also find wide use in courses on public administration or public affairs and as a supplementary text in courses on public sector economics and public finance.

Rational Choice, Collective Decisions, and Social Welfare

Rational Choice, Collective Decisions, and Social Welfare
Author: Kotaro Suzumura
Publisher: Cambridge University Press
Total Pages: 220
Release: 1983-11-25
Genre: Business & Economics
ISBN: 9780521238625

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Left freely to themselves, a group of rational individuals often fail to cooperate even when the product of social cooperation is beneficial to all. Hence, the author argues, a rule of collective decision making is clearly needed that specifies how social cooperation should be organised among contributing individuals. Suzumura gives a systematic presentation of the Arrovian impossibility theorems of social choice theory, so as to describe and enumerate the various factors that are responsible for the stability of the voluntary association of free and rational individuals. Among other topics covered are an axiomatic characterisation of the concept of a rational choice, the simple majority decision rule and its extensions, the social choice implications of the concept of equity as nonenvy, the constrained majoritarian collective choice rules and the conflict between the Paretian ethics and the libertarian claims of individual rights.

Collective Choice and Social Welfare

Collective Choice and Social Welfare
Author: A.K. Sen
Publisher: Elsevier
Total Pages: 238
Release: 2014-07-24
Genre: Business & Economics
ISBN: 1483294579

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This book is concerned with the study of collective preference, in particular with the relationship between the objectives of social action and the preferences and aspirations of society's members. Professor Sen's approach is based on the assumption that the problem of collective choice cannot be satisfactorily discussed within the confines of economics. While collective choice forms a crucial aspect of economics, the subject pertains also to political science, the theory of the state, and to the theory of decision procedures. The author has therefore used material from these disciplines, plus philosophical aspects from ethics and the theory of justice.

Collective Preference and Choice

Collective Preference and Choice
Author: Shmuel Nitzan
Publisher: Cambridge University Press
Total Pages: 275
Release: 2010
Genre: Business & Economics
ISBN: 0521897254

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A study of the classical aggregation problems that arise in social choice theory, voting theory, and group decision-making under uncertainty.

Institutions and Collective Choice in Developing Countries

Institutions and Collective Choice in Developing Countries
Author: Mwangi S. Kimenyi
Publisher: Routledge
Total Pages: 426
Release: 2019-05-23
Genre: Political Science
ISBN: 0429806310

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First published in 1999, this volume is written by seasoned public choice scholars and is intended to make a significant contribution to the debate on peaceful coexistence and sustainable development in developing countries. The book contains a rich mixture of analytical ideas and views on collective choice and macroeconomic performance in developing countries. This book breaks new ground in that it is the first comprehensive application of the theory of public choice to collective decision making in developing societies. It provides both students of Third World studies and policy makers in developing societies an in-depth analysis for institutions for collective choice. For countries undergoing major reform of their political and economic institutions, public choice theory can provide significant and useful insights, and help these societies design and adopt institutional arrangements that enhance peaceful coexistence of groups, the creation of wealth and sustainable development. Specifically, the book successfully shows that: (1) the application of economic theory to the study of public policy in the developing countries can provide important insights into collective decision-making; (2) the application of public choice theory to the study of developing societies can significantly improve the efficiency of bureaucratic and governmental systems, and consequently, promote economic, political and social development; and (3) public choice can help developing societies design and sustain effective laws and institutions for peaceful coexistence of groups and achieve sustainable development.

Collective Choice

Collective Choice
Author: Jac C. Heckelman
Publisher: Springer Science & Business Media
Total Pages: 297
Release: 2013-06-29
Genre: Social Science
ISBN: 3540247114

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A comprehensive insight into Mancur Olson's work as well as extensions and applications of his work. Chapters cover three main areas: Collective Action, Institutional Sclerosis and Market-Augmenting Government. Some chapters directly assess Olson`s contributions, focusing on distinguishing what was original in his works from what was already in the literature, and assess his impact on the fields of public economics and economic history. Other chapters present new tests and frequently extend his work. Each of the chapters is a new piece of scholarship inspired by and intended to honor Mancur Olson, and extend his influence to another generation of Collective Choice scholars and researchers.

Collective Choice in Education

Collective Choice in Education
Author: M.J. Bowman
Publisher: Springer Science & Business Media
Total Pages: 286
Release: 1982-02-28
Genre: Education
ISBN: 9780898380910

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The persistently increasing scale and complexity of government, of quasi public organizations, and of private organizations pose many problems in the economics of collective choice. Moreover, education as a quasi-public good has drawn ever more heavily on public budgets. Yet economic research into collective behavior with respect to education has been sparse (with the partial exception of recent work on teacher unions). In view of these trends, it was decided that the third conference under the Ford-sponsored UK. jUS. Pro gramme in the Economics of Education should make the high-risk effort of encouraging and bringing together studies relating to collective choice in education, with some emphasis on studies in educational finance. The con ference exploited opportunities for an exchange of ideas between economists in the United Kingdom and in the United States; there were special gains that could come from such an interchange. British and American economists do share a common inheritance that goes back to Benthamite utilitarianism and a common training in neo-classical economic theory even when one or both of these is challenged (which happens, of course, on both sides of the Atlantic). They share also a culture of political democracy despite important dissimilar ities in governmental structures and institutions. These commonalities and contrasts facilitate comparative testing of analyses developed in either setting.

Positive Political Theory I

Positive Political Theory I
Author: David Austen-Smith
Publisher: University of Michigan Press
Total Pages: 225
Release: 2000-12-27
Genre: Business & Economics
ISBN: 0472087215

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A definitive, comprehensive, and analytically sophisticated treatment of the theory of collective preference

The Encyclopedia of Public Choice

The Encyclopedia of Public Choice
Author: Charles Rowley
Publisher: Springer Science & Business Media
Total Pages: 1142
Release: 2008-01-25
Genre: Business & Economics
ISBN: 0306478285

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The Encyclopedia provides a detailed and comprehensive account of the subject known as public choice. However, the title would not convey suf- ciently the breadth of the Encyclopedia’s contents which can be summarized better as the fruitful interchange of economics, political science and moral philosophy on the basis of an image of man as a purposive and responsible actor who pursues his own objectives as efficiently as possible. This fruitful interchange between the fields outlined above existed during the late eighteenth century during the brief period of the Scottish Enlightenment when such great scholars as David Hume, Adam Ferguson and Adam Smith contributed to all these fields, and more. However, as intell- tual specialization gradually replaced broad-based scholarship from the m- nineteenth century onwards, it became increasingly rare to find a scholar making major contributions to more than one. Once Alfred Marshall defined economics in neoclassical terms, as a n- row positive discipline, the link between economics, political science and moral philosophy was all but severed and economists redefined their role into that of ‘the humble dentist’ providing technical economic information as inputs to improve the performance of impartial, benevolent and omniscient governments in their attempts to promote the public interest. This indeed was the dominant view within an economics profession that had become besotted by the economics of John Maynard Keynes and Paul Samuelson immediately following the end of the Second World War.

Choice, Preferences, and Procedures

Choice, Preferences, and Procedures
Author: Kotaro Suzumura
Publisher: Harvard University Press
Total Pages: 806
Release: 2016-06-06
Genre: Business & Economics
ISBN: 0674725123

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Kotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.