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Tutorial

Tutorial supporting the lecture in "Foundations of Economic Policy".

Alexander Schindler

 

Outline, recommended readings and downloads:

 

 

  1. Basics I:
    Tools, Terms and Concepts of Economic Theories.
    • Kasper, W.; Streit, M.E.: Institutional Economics, Cheltenham; Northampton 1998, p. 42-69 (chap. 3), p. 27-41 (chap. 2).
    • Hirshleifer, J.; Glazer, A.; Hirshleifer, D.: Price Theory and Applications, 7th ed., Cambridge et al. 2005, p. 3-26 (chap. 1) and p. 550-563 (chap. 17.3).
    • Download script (completed version).

  2. Basics II:
    The Economy as a Social System: Market and Organization.
    • Kasper, W.; Streit, M.E.: Institutional Economics, Cheltenham; Northampton 1998, p. 133-155 (chap. 6.1-6.2).
    • Hayek, F.A.: Law, Legislation and Liberty, Vol. 1: Rules and Order, Chicago 1973, p. 35-54 (chap. 2).
    • Coase, R.H.: “The Nature of the Firm”, in: Economica, Vol. 4 (1937), p. 386-405.
    • Download script (completed version).

  3. Classical Economics (and Order Economics):
    The Market as a Self-regulating System.
    • Kasper, W.; Streit, M.E.: Institutional Economics, Cheltenham; Northampton 1998, p. 221-255 (chap. 8).
    • Smith, A.: An Inquiry into the Nature and Causes of the Wealth of Nations, Oxford et al., A Selected Edition (reissued) 1998, p. 11-30 (book I chap. 1-3).
    • Download script (completed version).

  4. Welfare Economics (Neoclassical Economics) I:
    The Concept of "Market Failure".
    • Cullis, J.; Jones, P.: Public Finance and Public Choice, 2nd ed., Oxford; New York 1998, p. 45-51, 51-66, 66-70 (chap. 3).
    • Coase, R.H.: “The Problem of Social Cost”, in: The Journal of Law and Economics Vol. 3 (1960), p. 1-44 (1-8, 15-19).
    • Leach, J.: A Course in Public Economics, Cambridge et al. 2004, p. 200-214.
    • Download script (completed version).

  5. Welfare Economics (Neoclassical Economics) II:
    The Analytical Relevance of the "Benevolent Dictator".
    • Cullis, J.; Jones, P.: Public Finance and Public Choice, 2. Ed., Oxford; New York 1998, p. 1-22 (chap. 1).
    • Download script (completed version).

  6. Public Choice I:
    The State as "Protective State" and as "Productive State".
    • Buchanan, J.M.: The Limits of Liberty, in: Liberty Fund (Ed.): The Collected Work of James M. Buchanan, Vol. 7, Indianapolis 2000, p. 69-95 (chap. 4).
    • North, D.C.: “Institutions, Transaction Costs and Economic Performance”, in: Economic Inquiry, Vol. 25 (1987), p. 419-428.
    • Buchanan, J.M.; Tullock, G.: The Calculus of Consent, in: Liberty Fund (Ed.): The Collected Work of James M. Buchanan, Vol. 3, Indianapolis 1999, p. 63-73, 73-84 (chap. 6).
    • Download script (completed version).

  7. Public Choice II:
    Economic Theory of Policy and Policy Failure.
    • Wohlgemuth, M.: Schumpeterian Political Economy and Downsian Public Choice: Alternative Economic Theories of Democracy, Freiburg Discussion Papers on Constitutional Economics 02/07, Freiburg 2002, p. 1-18 (18-38).
    • Tullock, G. et al.: Government Failure, Washington D.C. 2002, p. 17-27 (chap. 2) and p. 43-51 (chap. 4).
    • Mueller, D.C.: Public Choice III, Cambridge et al. 2003, p. 303-332.
    • Download script (completed version).

  8. Public Choice III:
    Order Economics and Constitutional Economics.
    • Vanberg, V.J.: “Market and State: The Perspective of Constitutional Political Economy”, in: Journal of Institutional Economics, Vol. 1 (2005), p. 23-49.
    • Vanberg, V.J.: “Freiburg School of Law and Economics”, in: Newman, P.: The New Palgrave Dictionary of Economics and the Law, Vol. 2, London; New York 1998, p. 172-179.
    • Buchanan, J.M.: “The Constitution of Economic Policy”, in: American Economic Review, Vol. 77 (1987), p.243-250.
    • Download script (completed version). 

  9. New Institutional Economics (and Cliometrics):
    The Theory of Institutional Change.
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