Democracy and Welfare Economics

This book is a fully revised and updated version of Hans van den Doel''s Democracy and Welfare Economics. It presents the economic theory of political decision-making (otherwise known as new political economy or public choice) providing students with an accessible and clear introduction to this important subject. The authors identify four different methods of decision-making by which the political process transforms the demands of individual citizens into government policy and these are analyzed in turn with reference to economic theory.