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Principled Agents? - The Political Economy of Good Government (Hardcover, Illustrated Ed)
Loot Price: R2,548
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Principled Agents? - The Political Economy of Good Government (Hardcover, Illustrated Ed)
Series: The Lindahl Lectures
Expected to ship within 12 - 19 working days
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What is good government? Why do some governments fail? How do you
implement political accountability in practice? What incentives do
you need to put in place to ensure that politicians and public
servants act in the public interest and not their own? These
questions and many more are addressed in Timothy Besley's
intriguing Lindahl lectures. Economic analyses of government
usually divide into two broad camps. One which emphasizes
government as a force for public good that can regulate markets,
distribute resources and generally work towards improving the lives
of its citizens. The other sees government as driven by private
interests, susceptible to those with the power to influence its
decisions and failing to incentivize its officials to act for the
greater public good. This book adopts a middle way between the two
extremes, the Publius approach, which recognizes the potential for
government to act for the public good but also accepts the fact
that things often go wrong. It shares the view that there are
certain institutional preconditions for effective government but
then proceed to examine exactly what those preconditions are.
Timothy Besley emphasises that it is not just about designing an
appropriate institutional framework but also about understanding
the way incentives work and the process by which the political
class is selected.
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