The Making of Economic Policy

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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.