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Item Details
| Title:
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COLLECTIVE DECISION-MAKING:
SOCIAL CHOICE AND POLITICAL ECONOMY |
| By: |
Norman Schofield (Editor) |
| Format: |
Hardback |
| List price:
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£179.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0792397118 |
| ISBN 13: |
9780792397113 |
| Publisher: |
SPRINGER |
| Pub. date: |
1 September, 1996 |
| Edition: |
1996 ed. |
| Series: |
Recent Economic Thought 50 |
| Pages: |
422 |
| Description: |
Provides a perspective on collective decision-making, presenting economic and political aspects from both a theoretical and empirical viewpoint. This book examines decision-making in multiparty politics. It also covers interest groups, electoral cycles and a formal discussion of the 'general will'. |
| Synopsis: |
In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro- vide a common framework for analyzing the behavior of a developed political economy. Social choice theory itself grew out of the innovative attempts by Ken- neth Arrow (1951) and Duncan Black (1948, 1958) to extend the range of economic theory in order to deal with collective decision-making over public goods. Later work, by William Baumol (1952), and James Buchanan and Gordon Tullock (1962), focussed on providing an "economic" interpretation of democratic institutions. In the same period Anthony Downs (1957) sought to model representative democracy and elections while William Riker (1962) made use of work in cooperative game theory (by John von Neumann and Oscar Morgenstern, 1944) to study coalition behavior. In my view, these "rational choice" analyses of collective decision-making have their antecedents in the arguments of Adam Smith (1759, 1776), James Madison (1787) and the Marquis de Condorcet (1785) about the "design" of political institutions. In the introductory chapter to this volume I briefly describe how some of the current normative and positive aspects of social choice date back to these earlier writers. |
| Illustrations: |
XXI, 422 p. |
| Publication: |
Netherlands |
| Imprint: |
Springer |
| Returns: |
Returnable |
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