06Politicaleconomy全解.pptVIP

倪秋菊制作 Political economy--Public choice Government is a necessary evil. That government is the best which governs least. Power corrupts; absolute power corrupts absolutely--Lord Acton The field that applies economic principles to the analysis of political decision-making. How well do various decision-making procedures translate the preferences of their citizens into collective action? 1、Features of public mechanisms The two problems of governmental decision-making: Problem of preference revelation Problem of preferences aggregation How to make collective decision according to individualistic pr