Download or read book Democracy and Welfare Economics written by Hans van den Doel and published by Cambridge University Press. This book was released on 1993-07-22 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.