Péter Ákos Bod

Institutions of Economic Policy

A Comparative Analysis

Rule by law is not rule of law

Rent-seeking, the misuse of public office, clientelism, corruption and other similar forms of misbehaviour and crime will have direct negative economic (and various non-economic) consequences. As market economy is sensitive to rules, norms, and institutions, corrupt judges who do not protect property rights, and politicians who misallocate scarce resources will cause welfare losses.

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2020

ISBN: 978 963 059 970 2

Gazdaság Idegen nyelvű

The reader is introduced to the purpose, structure, and organizational features of the most important institutions of market economy, such as the Treasury (Ministry of Finance), central (national) bank, bodies responsible for structural changes, supervision of competition, and regulators of strategic industries. The focus of the book is on open trade dependent states, with particular emphasis new member states of the European Union where the institutional order has been shaped by legacies of previous era as well as by policy transfer and policy advice through membership in EU, OECD, IMF and other international institutions. The bulk of the book deals with the comprehensive analysis of institutions of fiscal, monetary, competition, social, spatial policies, and with the emerging trends of new practices.

Hivatkozás: https://mersz.hu/bod-institutions-of-economic-policy//

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