An analysis of social security policy based on optimal tax theory.
The former Chief Economist at the World Bank proposes a strategy for development based on two interrelated approaches: building an investment climate that encourages growth and empowering poor people to participate in that growth.
This text looks for an improved understanding of the politics of economic policy-making from a transaction cost perspective. It uses US fiscal policy and the General Agreement on Tariffs and Trade (GATT) as two examples that illustrate the framework.
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