Abstract
By almost any measure the world economy over the past decade and a half has been disappointing. Thus the current concerns with the possible need for major reforms in our international institutional arrangements are quite understandable. However, it is argued in this paper that proposals for such reforms frequently are seriously defective because their authors have failed to consider adequately the types of political considerations emphasized in public choice analysis.
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Willett, T.D. (1989). A Public Choice Analysis of Strategies for Restoring International Economic Stability. In: Vosgerau, HJ. (eds) New Institutional Arrangements for the World Economy. Studies in International Economics and Institutions. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-83647-3_2
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