Public-Economics
Public Economics studies all aspects of the intervention of governments within the economy. It provides a framework for analyzing whether or not public intervention within the market is required and to what extent. Aspects that are currently covered by Public Economics are taxation, publicly provided insurance, public goods, public pensions, and publicly provided
health care and public education. Economics lies on the boundary between politics and Economics: like politics it's curious about problems with Collective choice, Conflict and Institutions; like Economics, it focuses on outcomes instead of on processes. it's concerned on how the political
environment (political system –democracy, dictatorship–, sort of regime –presidential, parliamentar, etc.) affects economic outcomes (size and sort of redistribution programmes, extent and sort of public goods provision, burden of
taxation across different tax bases, size of deficit and debt, etc.). The most questions it deals with are: How are collective decisions made And the way do different “rules of the game” (institutions) affect the allocation of resources? Methodologically, it models the govt (politicianas and bureaucrats) as an organisation of rational agents (away from the simplistic view of the govt as a benevolent central planner that “fixes” market failures) whose interactions with one another and with –also rational– citizens are analysed using theory of games.
High Impact List of Articles
Relevant Topics in Clinical