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The Political Economy of Good Government
regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decisions and failing to incentivize its officials to act for the greater public good. This
book adopts a middle way between the two extremes, the Publius approach, which recognizes the potential for government to act for the public good but also accepts the fact that things often go wrong. It shares the view that there are certain institutional preconditions for effective government but then proceed to examine exactly what those preconditions are. Timothy Besley emphasises that it is not just about designing an appropriate institutional framework but also about understanding the way
incentives work and the process by which the political class is selected. - ;'A wonderful and important book, that combines state of the art analysis and deep knowledge of real world institutions to obtain novel insights about a fundamental issue. It should be read by all those who want to understand what it is that brings about good government.' - Guido Tabellini, Professor of Economics, Bocconi University
279 pages; ISBN 9780191533921
Title: Principled Agents?
Author: Timothy Besley
- Academic > Public Affairs > Public Affairs > Public administration
- Academic > Political Science > Political Science > Public administration
- Academic > Public Affairs > Political institutions and public administration > General. Comparative government > Political rights. Political participation
- Academic > Political Science > Political institutions and public administration > General. Comparative government > Political rights. Political participation
- Political Science > Public Affairs & Administration
- Political Science > Economic Policy
- Business > Economics > Theory