| 000 | 02459cam a22003497 4500 | ||
|---|---|---|---|
| 001 | w18921 | ||
| 003 | NBER | ||
| 005 | 20211020110321.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2013 mau fo 000 0 eng d | ||
| 100 | 1 |
_aAcemoglu, Daron. _94444 |
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| 245 | 1 | 0 |
_aEconomics versus Politics: _bPitfalls of Policy Advice / _cDaron Acemoglu, James A. Robinson. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c2013. |
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| 300 |
_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w18921 |
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| 500 | _aMarch 2013. | ||
| 520 | 3 | _aThe standard approach to policy-making and advice in economics implicitly or explicitly ignores politics and political economy, and maintains that if possible, any market failure should be rapidly removed. This essay explains why this conclusion may be incorrect; because it ignores politics, this approach is oblivious to the impact of the removal of market failures on future political equilibria and economic efficiency, which can be deleterious. We first outline a simple framework for the study of the impact of current economic policies on future political equilibria and indirectly on future economic outcomes. We then illustrate the mechanisms through which such impacts might operate using a series of examples. The main message is that sound economic policy should be based on a careful analysis of political economy and should factor in its influence on future political equilibria. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aO20 - General _2Journal of Economic Literature class. |
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| 690 | 7 |
_aP16 - Political Economy _2Journal of Economic Literature class. |
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| 690 | 7 |
_aP48 - Political Economy • Legal Institutions • Property Rights • Natural Resources • Energy • Environment • Regional Studies _2Journal of Economic Literature class. |
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| 700 | 1 |
_aRobinson, James A. _919491 |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w18921. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w18921 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w18921 |
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| 942 |
_2ddc _cW-PAPER |
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| 999 |
_c329201 _d287763 |
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