Skip to main content
eScholarship
Open Access Publications from the University of California

Prescription: Political Preference Functions Versus Social Welfare Functions

  • Author(s): Rausser, G
  • Zusman, P
  • et al.
Abstract

Available evidence taken from the experience of many countries strongly suggests that bad governments and institutions have been serious, if not the most serious, obstacle to economic growth; and all public sectors pursue a mix of both predatory and productive activities—bad governments emphasizing the former, and good governments finding a way of promoting the latter. Depending on your perspective, unfortunately or fortunately, participants in the public-sector policy process generally pay little attention to the advice and counsel of the economics profession. This, in part, is explained by the confusion that emerges from our profession over the role of the public sector. Some would have us believe that the government, or the public sector, is nothing more than a "clearing house" while still others advance frameworks that treat the public sector as a benign pursuer of the public interest.

Many UC-authored scholarly publications are freely available on this site because of the UC Academic Senate's Open Access Policy. Let us know how this access is important for you.

Main Content
Current View