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States and Markets

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  • Przeworski,Adam

Abstract

Political economy is the study of decentralized and centralized mechanisms for allocating resources and distributing incomes: markets and states. Both markets and states can be organized and combined in a variety of ways and they jointly determine what the economy produces as well as who gets what. The purpose of this book is to introduce the reader to the concepts and tools for studying relations between states and markets. The focus is methodological. Both the economy and the state are analyzed as networks of relations between principals and agents, occupying particular places in the institutional structure. Having introduced the principal-agent framework, the book analyzes systematically the effect of the organization of the state on the functioning of the economy. The central question is under what conditions government will do what they should be doing and not do what they should not.

Suggested Citation

  • Przeworski,Adam, 2003. "States and Markets," Cambridge Books, Cambridge University Press, number 9780521828048, January.
    • Handle: RePEc:cup:cbooks:9780521828048
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    Citations

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    Cited by:

    1. Juan Carlos Henao (Editor) & Ana Carolina González Espinosa (Editor), 2016. "Minería y desarrollo. Tomo 4: Minería y comunidades: impactos, conflictos y participación ciudadana," Books, Universidad Externado de Colombia, Facultad de Derecho, number 880, July.
    2. Wonik Kim, 2007. "Social Risk and Social Insurance," Rationality and Society, , vol. 19(2), pages 229-254, May.
    3. Marktanner Marcus & Makdisi Samir, 2008. "Development against All Odds? The Case of Lebanon," Review of Middle East Economics and Finance, De Gruyter, vol. 4(3), pages 101-133, September.
    4. Gutiérrez Sanín, Francisco, 2009. "Stupid and expensive?: a critique of the costs-of-violence literature," LSE Research Online Documents on Economics 28496, London School of Economics and Political Science, LSE Library.
    5. Juan Carlos Henao (Editor) & Sebastián Díaz Ángel (Editor), 2016. "Minería y desarrollo. Tomo 5: historia y gobierno del territorio minero," Books, Universidad Externado de Colombia, Facultad de Derecho, number 881, July.
    6. Francesco Farina & Fulvio Fontini, 2009. "Voting on the tax rate when attitude to risk depends on skill heterogeneity," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0109, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    7. Adam, Antonis & Delis, Manthos D. & Kammas, Pantelis, 2011. "Are democratic governments more efficient?," European Journal of Political Economy, Elsevier, vol. 27(1), pages 75-86, March.
    8. Matthew Flinders, 2010. "Splintered Logic and Political Debate," Chapters, in: Graeme A. Hodge & Carsten Greve & Anthony E. Boardman (ed.), International Handbook on Public–Private Partnerships, chapter 6, Edward Elgar Publishing.
    9. James E. Alt & David Dreyer Lassen & Shanna Rose, 2006. "The Causes of Fiscal Transparency: Evidence from the American States," EPRU Working Paper Series 06-02, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
    10. James E. Alt & Robert C. Lowry, 2010. "Transparency and Accountability: Empirical Results for Us States," Journal of Theoretical Politics, , vol. 22(4), pages 379-406, October.
    11. Steven Lloyd Wilson, 2019. "Modeling and measuring class conflict in Russia’s regions," Rationality and Society, , vol. 31(4), pages 432-463, November.
    12. Christian Bachelder Holkeboer & James Raymond Vreeland, 2013. "Calling Democracies and Dictatorships: The Effect of Political Regime on International Long-Distance Rates," Kyklos, Wiley Blackwell, vol. 66(3), pages 417-437, August.
    13. Carro Fernandez, Martha, 2007. "Welcoming Foreign Direct Investment? A Political Economy Approach to FDI Policies in Argentina and Brazil," MPRA Paper 47252, University Library of Munich, Germany.
    14. Aditya Bhave & Christopher Kingston, 2010. "Military coups and the consequences of durable de facto power: the case of Pakistan," Economics of Governance, Springer, vol. 11(1), pages 51-76, February.

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