Reading Development

Random readings on society, politics and change – Jorge Carrillo

Economics versus Politics: Pitfalls of Policy Advice

The 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.

[Download paper]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on Monday, 29 September 2014 by in Politics and rights and tagged , .
Rethinking international development

Alternative paradigms, practices and challenges

the city inside out

a blog on gender, citizenship and urban life

From Rurban to Urban

Reinventing the Finnish City

ENTITLE blog - a collaborative writing project on Political Ecology

a collaborative writing project on Political Ecology

Economic Sociology and Political Economy

The global academic community of researchers, students and activists interested in Economic Sociology and Political Economy (run by Oleg Komlik)

UrbandialoguesBlog

Individuals "...are therefore bigger than the world, because their worlds include not only the world considered as a whole but also many of its parts." - Lévy, 2013

Real-World Economics Review Blog

Posts are by authors of papers published in the RWER. Anyone may comment.

misplacedhabits

Just another WordPress.com site

Progressive Geographies

Thinking about place and power - a site written and curated by Stuart Elden

Another WORD is Possible

Words & Fotos ON / All rights reserved © Lee Yu Kyung 2016

{FAVEL issues}

urban informality + urban development

Wait... What?

bridging community development and technology

According...to Law

Foreigners' Rights and Layman's Legal Overview for Thailand

Journal of Contemporary Asia

News about the journal, new articles, free downloads and more

Som Tam. Anytime.

Je procrastine (beaucoup). Mais des fois j'écris (un peu).

Perspectives in Anthropology

an internet-based anthropology magazine

AID LEAP

A motley group of international aid bloggers, practitioners, and critics. Interested in impact, poverty, evidence, and throwing things off planes.

Yanis Varoufakis

thoughts for the post-2008 world

Michael Roberts Blog

blogging from a marxist economist

The Urban Technologist

People. Place. Technology.

UGEC Viewpoints

A Blog on Urbanization and Global Environmental Change

Dave Briggs

Technology strategy and public policy

Unimaginary Places

A Normal-ish Geography Blog

The Disorder Of Things

For the Relentless Criticism of All Existing Conditions Since 2010

The Charnel-House

From Bauhaus to Beinhaus

%d bloggers like this: