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The interest function approach: A reply

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References

  1. Cf. the augmented interest function construct discussed in section 7 of Ten Raa's article.

  2. Cf. J. Gurley, ‘The State of Political Economics,’American Economic Review, 61 (1971) (referred to in my book).

  3. See,e.g., R. Luce and H. Raiffa,Games and Decisions or J. Harsanyi's ‘Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility,’Journal of Political Economy, 1955, pp. 309–321.

  4. In this context it may also be noted that, again contrary to what Ten Raa asserts (7), the augmented interest function construct is incorporated in the model (see p. 234 of the book).

  5. Quoted in A. Einstein,Ueber die spezielle und die allgemeine Relativitätstheorie.

  6. For recent theoretical and empirical applications of the Interest Function Approach see, for example: V. Borooah and F. van der Ploeg,Political Aspects of the Economy, Cambridge, 1984; B. van Velthoven, F. van Winden en P. Renaud, ‘Naar een gedragstheoretische verklaring van de belastingdruk en de overheidsbestedingen in Nederland, de periode 1952–1977,’Economisch-Statistische Berichten (forthcoming; English version also available); B. van Velthoven and F. van Winden, ‘Social Classes and State Behaviour: An Illustrative Application to the U.S. Economy of the Interest Function Approach to Politico-Economic Modelling,’Economics Letters (forthcoming).

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van Winden, F. The interest function approach: A reply. De Economist 132, 491–496 (1984). https://doi.org/10.1007/BF02380346

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