scholarly journals Explaining political choice: prospects for economic theory

2021 ◽  
pp. 21-27
Author(s):  
S. Slukhai
Keyword(s):  
Economic Theory ◽  
Economic Voting ◽  
Political Context ◽  
The Political ◽  
Political Choice ◽  
Voter Preferences ◽  
Political Market ◽  
Market Choice ◽  
Economic Vote ◽  
Modern Economic

The goal of the article is to demonstrate the potential of the economic theory in political choice as opposed to market choice. The article analyzes the input of economic theory to analyzing political choice. The following research objectives were set: (a) to highlight the development of the modern economic theory with regard to political choice with special semphasis on studies dealing with transition nations; (b) to demonstrate relevance or irrelevance of economic voting concept under conditions of modern Ukraine; (c) to find out how the information imperfectness and its comprehension by consumers in the political market affect the resulting choice. The scope of this study extends to an individual’s choice within the political market, and a subject is its distinctiveness under conditions of transition society. It is shown that political choice is characterized by inherent irrationality that gives space to different ways of external influencing voter preferences. The author proves that the economic vote is not present in the Ukrainian political context.

scholarly journals Much More Than Economy: Assessing Electoral Accountability in the CEE Member States

2016 ◽  
Vol 12 (2) ◽  
pp. 51-68
Author(s):  
Andrea Fumarola
Keyword(s):  
Traditional Approach ◽  
Economic Voting ◽  
Political Context ◽  
The Political ◽  
Electoral Accountability ◽  
European Elections ◽  
Media System ◽  
The Media ◽  
European Election ◽  
Free Media

Abstract Electoral accountability is considered the mechanism through which voters hold governments responsible for their performance. Questioning the traditional approach of economic voting theory, the article focuses on the influence exerted by the political context—comprehensively considered as government clarity of responsibility, availability of governing alternatives, electoral formula, and freedom of the media—on the accountability mechanism in eleven countries of Central and Eastern Europe. Using individual and aggregate data collected after the 2014 European Elections by the European Election Study (EES), the present article analyses this process in its double dimension of answerability and enforcement (Schedler 1999). Our findings suggest that voters’ ability to express discontent with economic performance in new European democracies is strongly influenced by specific characteristics of the political context. A stable and cohesive government as well as a free media system, in particular, seem to facilitate performance voting in the region.

Methodological Principles of Keynes’ Theory and His «Strife over Method» with Tinbergen

2007 ◽  
pp. 25-36 ◽  
Author(s):  
I. Rozmainsky
Keyword(s):  
Economic Theory ◽  
Critical View ◽  
Modern Economic ◽  
Methodological Principles

The author analyzes Keynes-Tinbergen controversy in the context of Keynes’ methodological ideas, which he thinks are fully opposite to the methodology of modern economic theory. Using different Keynes’ papers the author considers this difference in detail and shows its links to the critical view held by Keynes towards econometrics

Beyond GDP: The Quest for a Measure of Social Welfare. Part I

2012 ◽  
pp. 67-93 ◽  
Author(s):  
M. Fleurbaey
Keyword(s):  
Economic Theory ◽  
Social Welfare ◽  
Well Being ◽  
National Product ◽  
Future Generations ◽  
Modern Economic ◽  
Aggregate Wealth ◽  
Net National Product ◽  
Sustainability Policy ◽  
Beyond Gdp

The first part of the paper is devoted to the monetary indicators of social welfare. It is shown which methods of quantitative estimating the aggregate wealth and well-being are available in the modern economic theory apart from the traditional GDP measure. The limitations of the methods are also discussed. The author shows which measures of welfare are adequate in the dynamic context: he considers the problems of intertemporal welfare analysis using the Net National Product (NNP) for the sustainability policy and in the context of concern for well-being of the future generations.

Jean Tirole: The political economy of corporate finance (On the book by J. Tirole “The theory of corporate finance”)

2017 ◽  
pp. 128-141
Author(s):  
N. Ranneva
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Graduate Students ◽  
Corporate Finance ◽  
Critical Review ◽  
The Political ◽  
Institutional Economic ◽  
New Type ◽  
Finance Theory ◽  
Empirical Material

The present article undertakes a critical review of the new book of Jean Tirole, the winner of the 2014 Nobel Prize in Economics, “The theory of cor- porate finance”, which has recently been published in Russian. The book makes a real contribution to the profession by summarizing the whole field of corporate finance and bringing together a big body of research developed over the last thirty years. By simplifying modeling, using unified analytical apparatus, undertaking reinterpretation of many previously received results, and structuring the material in original way Tirole achieves a necessary unity and simplicity in exposition of extremely heterogeneous theoretical and empirical material. The book integrates the new institutional economic theory into classical corporate finance theory and by doing so contributes to making a new type of textbook, which is quite on time and is likely to become essential reading for all graduate students in corporate finance and microeconomics and for everyone interested in these disciplines.

Essays of a “comparatively progressive” economist (On the 150th birth anniversary of Vladimir Geleznoff)

2019 ◽  
pp. 135-145
Author(s):  
Viktor A. Popov
Keyword(s):  
Economic Theory ◽  
Political Economy ◽  
Economic Thought ◽  
History Of Economic Thought ◽  
The Political ◽  
Russian History ◽  
Working Ability ◽  
Intellectual Inquiry ◽  
History Of

Deep comprehension of the advanced economic theory, the talent of lecturer enforced by the outstanding working ability forwarded Vladimir Geleznoff scarcely at the end of his thirties to prepare the publication of “The essays of the political economy” (1898). The subsequent publishing success (8 editions in Russia, the 1918­-year edition in Germany) sufficiently demonstrates that Geleznoff well succeded in meeting the intellectual inquiry of the cross­road epoch of the Russian history and by that taking the worthful place in the history of economic thought in Russia. Being an acknowledged historian of science V. Geleznoff was the first and up to now one of the few to demonstrate the worldwide community of economists the theoretically saturated view of Russian economic thought in its most fruitful period (end of XIX — first quarter of XX century).

Some Developments in Economic Theory Since 1940: An Eyewitness Account

2010 ◽  
pp. 4-23 ◽  
Author(s):  
K. Arrow
Keyword(s):  
Economic Theory ◽  
General Equilibrium ◽  
Equilibrium Theory ◽  
General Equilibrium Theory ◽  
Economics Of Information ◽  
Modern Economic ◽  
Eyewitness Account ◽  
Theory Uncertainty ◽  
Professional Formation

The article considers the evolution of some branches of modern economic theory from the perspective of the authors biography as a scientist and his professional formation. It describes problems of econometrics, general equilibrium theory, uncertainty, economics of information, and growth. It is shown how different authors representing various fields came to similar conclusions simultaneously and independently, what were the problems, in response to which economists of the second half of last century developed their theories, and what were the contexts of such development.

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