Part 1 Market failures and political solutions - orthodoxy: market failure and government intervention; the view from welfare economics; political presuppositions of the idealized state. Part 2 In praise of politics - some public choice: unromantic side of democracy; pathological politics - the anatomy of government failure. Part 3 Case studies in the anatomy of public failure: politics of free and forced rides - providing public schools; political pursuit of private gain - producer-rigged markets, government exploitation, consumer protection, environmental gain, coercive redistribution; micro-politics of macro-instability. Part 4 In praise of private property, profits and markets: rediscovery of markets, competition and the firm; privatization, deregulation and constitutionalism.
