The political economy of the COVID-19 pandemic

Peter Boettke, Benjamin Powell

Research output: Contribution to journalArticlepeer-review

13 Scopus citations

Abstract

We argue that the policy response to the COVID-19 pandemic by all levels of government around the world is not consistent with recommendations from standard welfare economics. Thus, it is important to ask why such policies have been adopted. That opens the door to examining the political economy of the COVID-19 pandemic. This requires examining the incentives and information that confront policymakers and voters and the institutional environments that shape their incentives and information. This lead article frames questions addressed in the remainder of the symposium.

Original languageEnglish
Pages (from-to)1090-1106
Number of pages17
JournalSouthern Economic Journal
Volume87
Issue number4
DOIs
StatePublished - Apr 2021

Keywords

  • COVID-19
  • pandemic
  • political economy
  • public choice
  • transmission externality

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