G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6764
DP6764 Second-Best Institutions
Dani Rodrik
发表日期2008-03-31
出版年2008
语种英语
摘要I develop a model of ideologies as collectively sustained (yet individually rational) distortions in beliefs concerning the proper scope of governments versus markets. In processing and interpreting signals of the efficacy of public and market provision of education, health insurance, pensions, etc., individuals optimally trade off the value of remaining hopeful about their future prospects (or their children's) versus the costs of misinformed decisions. Because these future outcomes also depend on whether other citizens respond to unpleasant facts with realism or denial, endogenous social cognitions emerge. Thus, an equilibrium in which people acknowledge the limitations of interventionism coexists with one in which they remain obstinately blind to them, embracing a statist ideology and voting for an excessively large government. Conversely, an equilibrium associated with appropriate public responses to market failures coexists with one dominated by a laissez-faire ideology and blind faith in the invisible hand. With public-sector capital, this interplay of beliefs and institutions leads to history-dependent dynamics. The model also explains why societies find it desirable to set up constitutional protections for dissenting views, even when ex-post everyone would prefer to ignore unwelcome news.
主题Development Economics ; International Macroeconomics ; Industrial Organization ; Public Economics
关键词Cognitive dissonance Ideology Institutions Laissez-faire Political economy Psychology Statism Wishful thinking
URLhttps://cepr.org/publications/dp6764
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535602
推荐引用方式
GB/T 7714
Dani Rodrik. DP6764 Second-Best Institutions. 2008.
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