Customer Reviews

Black Hole Tariffs and Endogenous Policy Theory: Political Economy in General Equilibrium

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This is a fine book, easily the most formally sophisticated model of its kind. The idea is to formalize political economy, getting beyond stale ideological discussions, and instead plop down an entire political subsystem in the middle of a standard (if simplistic) general equilibrium economic model. Groups allocate resources between economic and political activity; parties position themselves to gather financial support as well as votes. The economic and political consequences of their mutual decisions play out in a minimax general equilibrium fashion. Repays detailed study.

I never would have been able to understand this kind of technology if i didn't read the book!