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Economic policy advice and political preferences

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  • Peter Coughlin
Abstract
This essay argues that public choice offers an appropriate approach for thinking about economic policy advice. First I discuss the nature of the policy advice that is proffered by economists. Then I specifically suggest that one of the most common modeling features in the public choice literature (viz., the assumption that individuals have political preferences) may be useful in helping us understand the nature of this advice. Finally, I also carry out a tentative exploration of the implications of accepting the perspective that is provided when the suggested modeling feature is used in this context. Copyright Kluwer Academic Publishers 1989

Suggested Citation

  • Peter Coughlin, 1989. "Economic policy advice and political preferences," Public Choice, Springer, vol. 61(3), pages 201-216, June.
    • Handle: RePEc:kap:pubcho:v:61:y:1989:i:3:p:201-216
    DOI: 10.1007/BF00123884
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    References listed on IDEAS

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    1. Friedman, Milton, 1986. "Economists and Economic Policy," Economic Inquiry, Western Economic Association International, vol. 24(1), pages 1-10, January.
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    2. Anthony Randazzo & Jonathan Haidt, 2015. "The Moral Narratives of Economists," Econ Journal Watch, Econ Journal Watch, vol. 12(1), pages 49-57, January.
    3. Christoph Schinke, 2016. "Wealth and Politics: Studies on Inter Vivos Transfers and Partisan Effects," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 67.
    4. Ha Quyen Ngo & Niklas Potrafke & Marina Riem & Christoph Schinke, 2018. "Ideology and Dissent among Economists: The Joint Economic Forecast of German Economic Research Institutes," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(1), pages 135-152, January.
    5. Marina Riem, 2017. "Essays on the Behavior of Firms and Politicians," ifo Beiträge zur Wirtschaftsforschung, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 73.

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