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Principled Agents?
What is good government? Why do some governments fail? How do you implement political accountability in practice? What incentives do you need to put in place to ensure that politicians and public servants act in the public interest and not their own? These questions and many more are addressed in Timothy Besley's intriguing Lindahl lectures. Economic analyses of government usually divide into two broad camps. One which emphasizes government as a force for public good that can regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decis...
Contemporary Issues in Development Economics
This IEA volume brings together a set of essays written by leading authors on themes relevant to the study of economic development. The book covers a range of topics many of which are relevant to policy issues. The contributors bring new insights from empirical research in a range of economies with chapters including discussions of the UN development agenda, fiscal policy in Latin America, poverty data in Africa and Jordan, and monetary policy in South Africa. Contemporary Issues in Development Economics is an essential read for researchers, scholars and policymakers interested in economic development in low- and middle-income countries.
Wellbeing
Wellbeing remains a contested concept with consequences for how it's incorporated into policy. This book explores how different approaches to the study of wellbeing can shape policy priorities.
Wellbeing
Governments in liberal democracies pursue social welfare, but in many different ways. The wellbeing approach instead asks: Why not focus directly on increasing measured human happiness? Why not try to improve people’s overall quality of life, as it is subjectively seen by citizens themselves? The radical implications of this stance include shifting attention to previously neglected areas (such as mental health and ‘social infrastructure’ services) and developing defensible measures of overall wellbeing or quality of life indicators. Can one ‘master’ concept of wellbeing work to create more holism in policy-making? Or should we stick with multiple metrics? These debates have been li...
Pillars of Prosperity
How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and hig...
Institutional Microeconomics of Development
Leading scholars examine political, legal, social, and market institutions through a microeconomic lens.
Pillars of Prosperity
"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters--places that tend to combine effective state institutions, the absence of political violence, and high per-capita incomes. To achieve peace, the authors stress the avoidance of repressive government ...
Policy Maverick
Who is Policy Maverick Timothy Charles Leunig is an economist at the London School of Economics's Department of Economic History. After a long career as a Special Advisor, he became a Director at the economic consultants Public First. How you will benefit (I) Insights about the following: Chapter 1: Tim Leunig Chapter 2: Kingston upon Thames Chapter 3: Amartya Sen Chapter 4: Economist Chapter 5: Royal Borough of Kingston upon Thames Chapter 6: Surbiton Chapter 7: Ed Davey Chapter 8: Sally Hamwee, Baroness Hamwee Chapter 9: Susan Kramer, Baroness Kramer Chapter 10: Tim Razzall, Baron Razzall Chapter 11: Kingston and Surbiton (UK Parliament constituency) Chapter 12: Richmond Park (UK Parliamen...
What We Owe Each Other
From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated,...
Pillars of Prosperity
How nations can promote peace, prosperity, and stability through cohesive political institutions "Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the tools of modern political economics and combining economic theory with a bird's-eye view of the data, this book reinterprets Smith's pillars of prosperity to explain the existence of development clusters—places that tend to combine effective state institutions, the absence of political violence, and hig...
