Democracy and Welfare Economics Author:Hans van den Doel, Ben van Velthoven This book is a fully revised and updated version of Hans van den Doel's Democracy and Welfare Economics. It presents the economic theory of political decision-making (otherwise known as new political economy, or public choice), providing students with an accessible and clear introduction to this important subject. The authors identify four dif... more »ferent methods of decision-making by which the political process transforms the demands of individual citizens into government policy, and these are analyzed in turn with reference to economic theory.« less