haku: @indexterm public choice / yhteensä: 34
viite: 5 / 34
| Tekijä: | Arthur, T. |
| Otsikko: | Pensions and Public Choice: The Road to Myners |
| Lehti: | Economic Affairs
2002 : SEP, VOL. 22:3, p. 43-47 |
| Asiasana: | PENSIONS PUBLIC CHOICE ECONOMICS THEORIES |
| Kieli: | eng |
| Tiivistelmä: | The Myners Review of Institutional Investment is the latest of several classic examples of how Public Choice theory can be applied to the financial services industry. It demonstrates changing objectives and lack of knowledge and satisfies the vested interests of government and the pension fund advisory industry. The author states that Public Choice theory applies economic reasoning, in particular the analysis of incentives and their effects, to political decision-making, including voting. It disproves the idea that unlike market behaviour, political behaviour is motivated by 'the public good' and points out that, even if it were, it is rarely possible to determine what actions promote 'the public good.' |
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