Individual choice and social welfare: Theoretical foundations of political economy

Arbeitspapier

[Political Economy as Applied Economics] What we call an economy, i.e. the nexus of economic activities and relations within some defined regional limits - e.g. a local, a national or the world economy -, has always been subject to measures taken, or constraints imposed by political authorities. How economies work is inevitably, and to a significant extent, contingent on the political environment within which they operate. It is not surprising that economists studying the working principles of economic systems have rarely been content with confining their work to describing and explaining the economic realities they observe. Their ambitions always extended to passing judgments on the policies that shaped these realities and to providing guidance for what politics ought to do to improve economic matters. In economics explanations of what is and judgments on what politics should do are often not only more closely intertwined than in most other fields of scientific inquiry, and more than from practitioners in other fields the general public expects economists to pass such policy judgments. [...]

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Freiburger Diskussionspapiere zur Ordnungsökonomik ; No. 18/03

Klassifikation und Themen

• Klassifikation: Wirtschaft

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Vanberg, Viktor J.
• Ereignis: Veröffentlichung
• (wer): Albert-Ludwigs-Universität Freiburg, Institut für Allgemeine Wirtschaftsforschung, Abteilung für Wirtschaftspolitik und Ordnungsökonomik
• (wo): Freiburg i. Br.
• (wann): 2018

Weitere Informationen

• Handle: http://hdl.handle.net/10419/175379
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ