The Making of Economic Policy

Focusing on the intersection of economics and politics, Avinash Dixit explores how trade policies often contradict economic prescriptions, necessitating an understanding of the political landscape. He employs a transaction cost perspective to analyze the planning, implementation, and monitoring challenges in economic policy-making. By examining these transaction costs, Dixit sheds light on their influence on various institutions and policies, offering insights into the complexities of economic policy formulation.