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is about the use of economic tools to address traditional problems of political science that include the following (Wikipedia, Public Choice):
• voter participation or apathy and/or knowledge or ignorance about political and
economic issues
• voter theories such as the median voter theory
• the benefit principles of linking taxes to public expenditures
• principal-agent problem of asymmetry of knowledge about political and economic issues between the public on the one hand and the government and the
bureaucracy on the other
• political phenomena of economic rent seeking for special market privileges, special interest group lobbying, and institutional corruption
• influence of elections on policy choices about government deficits and public
debt, and about economic policies related to central bank independence, monopolistic competition among firms in industries and industrial policy
Political science is also about foreign affairs and international governance over
nation states and relations and resource allocations between nation states. Specific
examples of institutions of governance are the United Nations Security Council, the
World Health Organization, the World Bank, the World Trade Organization and the
International Monetary Fund.
Social choice theory is about aggregating individual opinions, preferences and
interests to reach collective decisions about what constitutes the social welfare of
their society. Social choice blends elements of welfare economics and political science theories of voting. Using elements of formal logic for generality, analysis proceeds from a set of seemingly reasonable axioms of social choice to form a social
welfare function or constitution (Wikipedia, Social Choice theory). In the case of
democracy, the axioms that are voted upon represent the elements of the common good.
Sociology is about the statistical stratification of society into groups and the values, norms and cultures of those groups. (Wikipedia, Sociology). Values reflect the
philosophy or the meaning of collective life in society which is related to the aggregations of the philosophies of individuals about the meaning of life in their society.
As well politics is instrumental for making public choices that affect the elements
of social welfare. In this regard, the identification of normative values in sociology
are paramount over economics and politics. Thus, the values of sociology which are
the outcome of the philosophies of life are paramount over economics and politics.
Indeed Aristotle’s view was that the primary purpose of Oikonomi (economics) was
to give citizen householders the leisure for pursuing man’s two chief ends, politics
and philosophy (Newell 2011, p. 17). The statistics of sociology on values may
serve as measures of the elements of social welfare for a society. They also analyze
the role of culture, ethnicity and gender in explaining economic and political outcomes. Although they may be paramount over economics and politics, the reality
appears to be that they are also shaped by economic systems and by politics. In this
context philosophy is defined as the general principles or laws of a field of knowledge as in the philosophy of economics, politics and sociology and moral philosophy is imbedded in sociology.
The Political Economy of Managing Without Growth
is about the use of economic tools to address traditional problems of political science that include the following (Wikipedia, Public Choice):
• voter participation or apathy and/or knowledge or ignorance about political and
economic issues
• voter theories such as the median voter theory
• the benefit principles of linking taxes to public expenditures
• principal-agent problem of asymmetry of knowledge about political and economic issues between the public on the one hand and the government and the
bureaucracy on the other
• political phenomena of economic rent seeking for special market privileges, special interest group lobbying, and institutional corruption
• influence of elections on policy choices about government deficits and public
debt, and about economic policies related to central bank independence, monopolistic competition among firms in industries and industrial policy
Political science is also about foreign affairs and international governance over
nation states and relations and resource allocations between nation states. Specific
examples of institutions of governance are the United Nations Security Council, the
World Health Organization, the World Bank, the World Trade Organization and the
International Monetary Fund.
Social choice theory is about aggregating individual opinions, preferences and
interests to reach collective decisions about what constitutes the social welfare of
their society. Social choice blends elements of welfare economics and political science theories of voting. Using elements of formal logic for generality, analysis proceeds from a set of seemingly reasonable axioms of social choice to form a social
welfare function or constitution (Wikipedia, Social Choice theory). In the case of
democracy, the axioms that are voted upon represent the elements of the common good.
Sociology is about the statistical stratification of society into groups and the values, norms and cultures of those groups. (Wikipedia, Sociology). Values reflect the
philosophy or the meaning of collective life in society which is related to the aggregations of the philosophies of individuals about the meaning of life in their society.
As well politics is instrumental for making public choices that affect the elements
of social welfare. In this regard, the identification of normative values in sociology
are paramount over economics and politics. Thus, the values of sociology which are
the outcome of the philosophies of life are paramount over economics and politics.
Indeed Aristotle’s view was that the primary purpose of Oikonomi (economics) was
to give citizen householders the leisure for pursuing man’s two chief ends, politics
and philosophy (Newell 2011, p. 17). The statistics of sociology on values may
serve as measures of the elements of social welfare for a society. They also analyze
the role of culture, ethnicity and gender in explaining economic and political outcomes. Although they may be paramount over economics and politics, the reality
appears to be that they are also shaped by economic systems and by politics. In this
context philosophy is defined as the general principles or laws of a field of knowledge as in the philosophy of economics, politics and sociology and moral philosophy is imbedded in sociology.
The Political Economy of Managing Without Growth