Beyond Politics
Markets, Welfare, And The Failure Of Bureaucracy
1st Edition
Published on 13. November 1994
Book
Hardback
234 pages
978-0-8133-2207-0 (ISBN)
Description
Traditionally, welfare economics holds that market failures are fairly common and are best addressed through the intervention of governments. Reviewing this traditional view, this book compares it with the modern theory of public choice and sets out to show how public-choice theory can throw light on the problem of the relationship between governments and markets, both by focusing on the actual rather than the ideal workings of governments and by linking the insights of economics and political science.
More details
Language
English
Place of publication
United States
Publishing group
Taylor & Francis Inc
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 229 mm
Width: 152 mm
ISBN-13
978-0-8133-2207-0 (9780813322070)
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Schweitzer Classification
Content
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.