|Publication type:||Article in scientific journal|
|Type of review:||Peer review (publication)|
|Title:||The formation of economic policy : a cognitive-evolutionary approach to policy-making|
|Published in:||Constitutional Political Economy|
|Publisher / Ed. Institution:||Springer|
|Subject (DDC):||330: Economics|
|Abstract:||This essay proposes a cognitive-evolutionary approach to economic policy making where the entire process of policy-formation and implementation is analyzed as a collective process of mobilization and problem-solving that extends from the individual level over the level of collective decision making to the constitutional level. In the procedural view proposed, many issues or problems of economic policy are not fully solved because of four main filters or barriers that filter out certain issues while letting others through. The main task for political entrepreneurs is to surmount these barriers. Important aspects of the politico-economic process are cognitive processes of perception and interpretation by the individual; processes of interpretation, mobilization, and negotiation at the collective level; and evolutionary dynamics at the constitutional level. – This interdisciplinary oriented approach provides a framework that suggests new categories for analyzing policy-making in a systematic way by linking the behavior and thinking of the individual with the ongoing political process at the collective and constitutional level, and leads to conclusions for advising politicians.|
|Fulltext version:||Published version|
|License (according to publishing contract):||Licence according to publishing contract|
|Departement:||School of Management and Law|
|Organisational Unit:||Center for Economic Policy (FWP)|
|Appears in collections:||Publikationen School of Management and Law|
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