Economic Theories of Government, and the Consolidated Political Influence of Israeli Economists
Ronen Mandelkern, firstname.lastname@example.org
The influence of economists on economic policymaking has grown and undergone institutionalization in recent decades in Israel and abroad. This article discusses the role that economic theories of government have played throughout the process. Economic theories of government deal with the influence of government institutions and authoritative decision-making processes on economic policy and the economy and accordingly have offered various fixes for governmental institutions. The article argues that economic theories of government have guided comprehensive institutional changes in Israel and elsewhere, and have offered an ideational infrastructure for restraining the influence of politicians, while increasing the influence of economists on economic policymaking. To demonstrate this argument I utilize the Israeli case study and explore the sources of political power of professional economists during key historical episodes.