1 COMPETING VIEWS OF GOVERNMENT The issues This book Background Economic Policy Making Political Economy Incentives and Selection in Politics Concluding Comments 2 THE ANATOMY OF GOVERNMENT FAILURE Introduction Three Notions of Government Failure The Basic Model Government Failure Democratic Political Failures A Dynamic Model Government Failure in the Dynamic Model Responses to Political Failure Concluding Comments 3 POLITICAL AGENCY AND ACCOUNTABILITY Introduction Elements of Political Agency Models The Baseline Model Extensions Discussion Concluding Comments 4 POLITICAL AGENCY AND PUBLIC FINANCE Introduction The Model Three Scenarios Implications Restraining Government Debt and Deficits Governments versus NGOs Competence Conclusions
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