Markets and Politicians: Politicized Economic Choice Book

	Contributing Authors
	Introduction
I	Economic Policies and Political Motives
A	Theoretical Perspectives
1	Economic policies and political competition	1
2	Voluntary collective action	27
3	Factor income taxation in a representative democracy	43
B	Policy Choices
4	Macroeconomic stabilization policy: Does politics matter?	63
5	Accidental freedom	93
6	Europe 1992: From the common to the single market	113
II	Markets and Socialism
A	Market Socialism in Eastern Europe
7	Markets and ownership in socialist countries in transition	137
8	Socialism in less than one country	169
B	Transitionary Policies
9	Restoring property rights	179
10	Liberalization dilemmas	189
C	Economic Change in China
11	The failure of recentralization in China: Interplays among enterprises, local governments, and the center	209
12	Market-oriented reform and fiscal policy	231
III	International Economic Policy
A	International Trade
13	The political-economy perspective on trade policy	263
14	The economics and political economy of managed trade	283
15	Changes in trade-policy regimes	307
B	International Monetary Transactions
16	Foreign-exchange markets and central-bank intervention	319
17	The political economy of the international debt crisis	339
18	Foreign-exchange market liberalization: Anatomy of a failure	357