Public Choice
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PUBLIC CHOICE
Edited by
JULIEN VAN DEN BROECK Professor of Economics, Faculty of Applied Economics, University of Antwerp, Belgium
Springer-Science+Business Media, B.V.
Library of Coogress Cataloging in Publication Data
Publie choiee / edited by Julien van den Broeek. p. eil. A seleetion of papers presented at the annual eonferenee of the Assoeiation of Post-Keynesian Studies at the Erasllus University, Rotterdall. the Netherlands, Oetober 2, 1987. Ineludes bibliographies and indexes. 1. Soeial ehoiee--Congresses. I. Broeek, Julien van den, 194211. Assoeiation of Post-Keynesian Studies. HB846.8.P82 1988 302'.13--de19 88-13174 CIP ISBN 978-94-015-7786-1 ISBN 978-94-015-7784-7 (eBook) DOI 10.1007/978-94-015-7784-7
All Rights Reserved © 1988 by Springer Science+Business Media Dordrecht Originally published by Kluwer Academic Publishers and Association ofPost-Keynesian Studies in 1988. Softcover reprint of the hardcover 1st edition 1998 No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, electronic or mechanical inc1uding photocopying, recording or by any information storage and retrieval system, without wriuen permission from the copyright owner.
TABLE OF CONTENTS
Contributing Authors and Summary Part One
Publie Choiee
1
the State of the Art
1
The Economk Theory of Politica1 Decision Making A Survey and Perspective Frans A.A.M. van Winden
9
2
Critica1 Notes on the Neoclassica1 Theory of the Interaction of Politics and Economics. A Comment on van Winden Jörg GJombowski Part Two
43
Publie Choke and Maeroeconomie Policy
3 Publie Choke Theory and Maeroeconomie Policy Vani K Borooah
4 Publie Choke and Maeroeconomic Poliey A Comment on V. K Borooah Dirk Heremans
61
91
vi
Part Three : Public Choice and Public Investment Policy 5 The managerial Analysis of Public Infrastructure Investment Policies Alain Verbeke
105
Index, author
145
Index, subject
149
1
Contributing Authors and Summary
The articles published in this book are the result of a selection of the papers
presented
Post-Keynesian
at
the
Studies
annual
at
the
conference Erasmus
of
the
University,
Association Rotterdam,
of the
Netherlands, October 2, 1987. As one of its major aims, the Association of Post-Keynesian Studies (APKS)
encourages
research
covering
various
classic disciplines.
Public
choice theory is one of these research fields where several disciplines such as economics and political science meet and consequently is an apt theme for investigation setting
to
an
APKS annual
of be
decision-making affect
the of
contributions in economists
the
utmost
policies. this book
but
also
Moreover
APKS
behaviour of governments in a
processes
economic
conference.
to
and
importance, the
Consequently,
institutional
APKS
are of interest not everybody
modern
because it
possible
dealing
considers
the
economic
can clarify the factors
is of opinion
which
that
the
only to Post-Keynesian with
governments
in
a
professi
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