An Economic Theory of Government Decision-Making in a Democracy(Ⅱ)

摘要

Yet the role of government in the world of economic theory is not at all commensurate with this dominance. True, in each separate field of economics, recent thought has fruitfully concentrated upon the impact of government on private decision-maxing, or the share of government in economic aggregates. But little progress has been made towards a generalized yet realistic behavior rule for a “rational” government similar to the rules traditionally used for “rational” consumers and producers. As a result, government has not been successfully integrated with private decision-makers in a general equilibrium theory.