Madmen, Intellectuals, and Academic Scribblers : The Economic Engine of Political Change / Edward J. López, Wayne A. Leighton.
- Stanford, CA : Stanford University Press, 
1 online resource (224 pages)
- Economic policy.
Policy sciences -- Economic aspects.
Political planning -- Economic aspects.
- In English.
- System Details:
- Mode of access: Internet via World Wide Web.
text file PDF
- Madmen, Intellectuals, and Academic Scribblers presents a simple, economic framework for understanding the systematic causes of political change. Wayne A. Leighton and Edward J. López take up three interrelated questions: Why do democracies generate policies that impose net costs on society? Why do such policies persist over long periods of time, even if they are known to be socially wasteful and better alternatives exist? And, why do certain wasteful policies eventually get repealed, while others endure? The authors examine these questions through familiar policies in contemporary American politics, but also draw on examples from around the world and throughout history. Assuming that incentives drive people's decisions, the book matches up three key ingredients-ideas, rules, and incentives-with the characters who make political waves: madmen in authority (such as Franklin Delano Roosevelt and Margaret Thatcher), intellectuals (like Jon Stewart and George Will), and academic scribblers (in the vein of Friedrich Hayek and John Maynard Keynes). Political change happens when these characters notice holes in the structure of ideas, institutions, and incentives, and then act as entrepreneurs to shake up the status quo.
1. Ideas and the Rules of Politics
2. The Never-Ending Quest for Good Government
3. Economists Join the Battle of Political Ideas
4. Public Choice
5. How Ideas Matter for Political Change
6. Four Stories of Political Change
7. What Is to Be Done?
- Description based on online resource; title from PDF title page (publisher's Web site, viewed 23. Jul 2020)
- Leighton, Wayne A., author., Author,
- Contained In:
- De Gruyter University Press Library.
- Publisher Number:
- 10.1515/9780804783965 doi
- Access Restriction:
- Restricted for use by site license.
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