14.770
Introduction to Collective Choice and Political Economy
Broad introduction to political economy. Covers topics from social choice theory to political agency models, including theories of voter turnout and comparison of political institutions.
Fall 2017 · Introduction to Political Economy
Topics
- Collective Choices and Voting
- Voting and Information Aggregation
- Votes and Political Decisions in Practice
- Election Politics Gone Wrong: Lobbying, Vote Buying, Clientelism, Coercion, and Populism.
- Political Agency
- Political Agency Gone Wrong
- Economic Policy under Representative Democracy
- Political Compromise
- Economic Policy under Nondemocratic Institutions
- Theory: Why Does Conflict Take Place? Bargaining Failures and Other Reasons
- Why Does Conflict Occur? Costs, Benefits, and Other Factors
- Counterinsurgency
- The Costs of Conflict
- Collective Action and Group Size
- Collective Action and Ethnic Heterogeneity
- Social Capital and Collective Action
- Promoting Collective Action
- Can Stimulating Collective Actions Change Institutions?
- Decentralization and Local Capture
- Political Influence on Media
- Media Bias and Voting
- Media’s Impact on Policy
- Media and Protest
- Do Bureaucrats Matter?
- Incentives for and Allocation of Bureaucrats
- Selection of Bureaucrats
- Rules vs. Discretion
- Efficiency Costs
- The Official’s Decisions to Be Corrupt: Wages, Incentives, and Selection
- The IO of Corruption
- Corruption and Politics
Readings
- Arrow, Kenneth J. (1951, 2nd ed., 1963). Social Choice and Individual Values , Yale University Press.
- Austen-Smith, David and Jeffrey S. Banks (2000). Positive Political Theory I: Collective Preference , University of Michigan Press. ISBN: 9780472087211.
- Persson, Torsten and Guido Tabellini (2000). Political Economics: Explaining Economic Policy , MIT Press. ISBN: 9780262161954.
- Chapter 2: Preferences and Institutions
- Chapter 3: Electoral Competition
- Chapter 6: General-Interest Politics
- Acemoglu, Daron and James A. Robinson (2006). Economic Origins of Dictatorship and Democracy , Cambridge University Press. ISBN: 9780521671422.
- * Acemoglu, Daron, Suresh Naidu, Pascual Restrepo and James A. Robinson (2015). “Democracy, Redistribution, and Inequality”, Chapter 21 in Handbook of Income Distribution, Volume 2 , edited by Anthony B. Atkinson and François Bourguignon, Elsevier. ISBN: 9780444594303.
- * Achen, Christopher H., and Larry M. Bartels (2016). Democracy for Realists: Why Elections Do Not Produce Responsive Government , Princeton University Press. ISBN: 9780691169446.
- Bartels, Larry M. (2008). Unequal Democracy: The Political Economy of a New Gilded Age , Princeton University Press.
- Gilens, Martin (2012). Affluence and Influence: Economic Inequality and Political Power in America , Princeton University Press. ISBN: 9780691153971.
- Judis, John B. (2016). The Populist Explosion: How the Great Recession Transformed American and European Politics , Columbia Global Reports. ISBN: 9780997126440.
- Dornbusch, Rudiger and Sebastian Edwards, ed. (1991). The Macroeconomics of Populism in Latin America , University of Chicago Press. ISBN: 9780226158440.
- Cox, Gary W. (1997). Making Votes Count: Strategic Coordination in the World’s Electoral Systems , Cambridge University Press. ISBN: 9780521585279.
- Persson, Torsten and Guido Tabellini (2003). The Economic Effects of Constitutions , MIT Press. ISBN: 9780262162197.
- * Acemoglu, Daron (2009). Chapter 22 “Institutions, Political Economy, and Growth”, Introduction to Modern Economic Growth , Princeton University Press. ISBN: 9780691132921.
- Olson, Mancur (1982). The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities , Yale University Press. ISBN: 9780300023077.
- Shelling, Thomas C. (1981). The Strategy of Conflict , Harvard University Press. ISBN: 9780674840317.
- Olson, Mancur Jr. (1971). The Logic of Collective Action , Harvard University Press. ISBN: 9780674537514.
- Putnam, Robert D. (1994). Making Democracy Work: Civic Traditions in Modern Italy , Princeton University Press.
- * Banerjee, Abhijit, Lakshmi Iyer and Rohini Somanathan (2008). “Public Action for Public Goods”, Chapter 49 in Handbook of Development Economics, Volume 4, edited by T. Paul Shultz and John A. Strauss. ISBN: 9780444531001.
- Putnam, Robert D. (1994). Making Democracy Work: Civing Traditions in Modern Italy , Princeton University Press. ISBN: 9780691037387.
- Tran, Anh (2011), “Which Regulations Reduce Corruption? Evidence from the Internal Records of a Bribe-Paying Firm”, mimeo.
- * Banerjee, Abhijit, Rema Hanna and Sendhil Mullainathan (2012). “Corruption”, Chapter 27 in Handbook of Organizational Economics, edited by Robert Gibbons and John Roberts, Princeton University Press. ISBN: 9780691132792.
- Klitgaard, Robert (1991). Tropical Gangsters: One Man’s Experience with Development and Decadence in Deepest Africa , Basic Books. ISBN: 9780465087600.
- Plunkitt, George Washington. (2014). Plunkitt of Tammany Hall: A Series of Very Plain Talks on Very Practical Politics . The Project Gutenberg, 2001. ISBN: 9781494885007.
- Menes, Rebecca (2006). “Limiting the Reach of the Grabbing Hand: Graft and Growth in American Cities, 1880 to 1930”, Chapter 2 in Corruption and Reform: Lessons from America’s Economic History , edited by Edward L. Glaeser and Claudia Goldin, University of Chicago Press.
Prerequisites & course information
Prereq: None G (Fall) 4-0-8 units
Sources
- Course catalogue ↗2026–2027
- MIT OpenCourseWare ↗Fall 2017
- MIT OCW calendar ↗
- MIT OCW readings ↗
- MIT OCW syllabus ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.