The national interest

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Chapter 3 in State and Trade, 2017, pp 22-41 from Edward Elgar Publishing

Abstract: The nation is the envelope of its people. Only individuals can reveal a preference or say what is in their self-interest, self-perceived. Some will delegate their autonomy to skilled dentists and others will go by the book. Most will want to be able to put their opinions on record. Political democracy is the participatory mechanism through which the disparate are consulted and asked to specify their social welfare functions. Politicians and bureaucrats, conforming to constitutions, are the intermediaries who coordinate the preferences into a single national will.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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