The Institutional Foundations of Public Policy in Argentina: A Transactions Cost Approach
Pablo T. Spiller and Mariano Tommasi,
Cambridge University Press, 2007
THIS BOOK by two noted economists is an important political economy contribution to the study of institutions in Argentina, attempting to explain why – despite the similarity between the country’s sophisticated institutional structure and a well mapped-out separation of powers akin to that of the United States – its politicians have been unable to achieve more stable public policymaking over the long term, emphasising short-termist solutions that hamper co-operation. Authors Pablo Spiller and Mariano Tommasi develop a general model of public policymaking focused on the difficulties of securing intertemporal exchanges among political actors. – GO’T
