Dennis Mueller
Encyclopedia
Dennis C. Mueller is a Professor of Economics (Emeritus) at the University of Vienna
University of Vienna
The University of Vienna is a public university located in Vienna, Austria. It was founded by Duke Rudolph IV in 1365 and is the oldest university in the German-speaking world...

. The focus of his academic work on the Principal–agent problem, corporate governance
Corporate governance
Corporate governance is a number of processes, customs, policies, laws, and institutions which have impact on the way a company is controlled...

 and Political Economy
Political economy
Political economy originally was the term for studying production, buying, and selling, and their relations with law, custom, and government, as well as with the distribution of national income and wealth, including through the budget process. Political economy originated in moral philosophy...


Biography

Dennis C Mueller received a Phd in Economics from Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

in 1966. The topic of his dissertation was 'The Determinants of Industrial Research and Development'. He held several academic positions in the US and Germany and became Professor at the University of Vienna in 1994. In 2008 Dennis Mueller became Professor Emeritus.

Professor Mueller is a past president of the Public Choice society, the Southern Economic Association, the Industrial Organization Society, and EARIE. His main research interests continue to be in public choice and industrial economics. The essence of his work is about high-ranking people taking advantage of informational transaction costs. Governments pursue their own agenda of enlarging to inefficient sizes in the name of public interest at the expense of true owners - the citizens and taxpayers. Corporate managers pursue their own agenda of unnecessarily making companies too large and inefficient at the expense of the true owners - stockholders.
On public choice approach, Dennis Mueller has opined that,"Public choice approach is diconomics study of non market decision making or an application of economics to political science and to politco-administrative process of collective decision making"
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