Markets And Government
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Government And Markets
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Author : Edward J. Balleisen
language : en
Publisher: Cambridge University Press
Release Date : 2009-11-16
Government And Markets written by Edward J. Balleisen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-16 with Political Science categories.
After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.
Markets Or Governments Second Edition
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Author : Charles Wolf, Jr.
language : en
Publisher: MIT Press
Release Date : 1993-09-02
Markets Or Governments Second Edition written by Charles Wolf, Jr. and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-09-02 with Business & Economics categories.
Provides a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government. A theory of market failures is well established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government. This new edition updates the data and results contained in the first edition and includes references and applications of the theory to the ongoing process of system transformation in Russia, Ukraine, and Eastern Europe. The discussion of earlier literature that is relevant to the theory of nonmarket failure has been expanded.
Markets Or Governments
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Author : Charles Wolf
language : en
Publisher: MIT Press (MA)
Release Date : 1988-01-01
Markets Or Governments written by Charles Wolf and has been published by MIT Press (MA) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-01-01 with Capitalism categories.
Economic studies historically have either extolled the virtues of perfect markets or decried the market's shortcomings, proposing that governments correct market failure. This book proposes as a counterweight to these views a theory of nonmarket failure, and examines in great detail the shortcomings of government efforts to replace or to regulate markets. It is an unusually thorough analysis that can be used to make more systematic comparisons between markets and governments and to arrive at more intelligent choices between them.After reviewing the existing theory of market shortcomings, Wolf develops a parallel framework for analyzing the shortcomings of government, elaborating the inherent characteristics of government operations and the problems they present. He then considers how these predictable types of nonmarket failure can be taken into account in improving the formulation of public policy. And he compares market and nonmarket alternatives, both in their theoretical and empirical aspects.Wolf concludes that, while both markets and governments have inherent shortcomings, and the choice between them is never a pure one (real-world situations always involve some combination of the two alternatives), markets do a better job than governments. They are more efficient according to both static and dynamic criteria. With respect to equity and other non-efficiency considerations, however, both markets and governments have strengths and weaknesses. Finally, Wolf points out that government can play an important role in improving and extending the functioning of markets. And, perhaps most controversially, he argues that market forces themselves can play an important role in improving thefunctioning of government. They can reduce the incidence of nonmarket failure by injecting market incentives into government operations.Charles Wolf, Jr. is Dean of the RAND Graduate School of Policy Studies and director of the RAND Corporation's Research Program in International Economic Policy. He was chairman of RAND's Economics Department for 12 years, and has written widely in the fields of economics, defense policy, and foreign policy. A RAND Corporation Research Study.
Government Versus Markets
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Author : Vito Tanzi
language : en
Publisher: Cambridge University Press
Release Date : 2011-05-16
Government Versus Markets written by Vito Tanzi and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-16 with Political Science categories.
Vito Tanzi offers a truly comprehensive treatment of the economic role of the state in the twentieth and twenty-first centuries from a historical and world perspective. The book addresses the fundamental question of what governments should do, or have attempted to do, in economic activities in past and recent periods. It also speculates on what they are likely or may be forced to do in future years. The investigation assembles a large set of statistical information that should prove useful to policy-makers and scholars in the perennial discussion of government's optimal economic roles. It will become an essential reference work on the analytical borders between the market and the state, and on what a reasonable 'exit strategy' from the current fiscal crises should be.
Government And Markets
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Author : Edward J. Balleisen
language : en
Publisher: Cambridge University Press
Release Date : 2010
Government And Markets written by Edward J. Balleisen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.
The Role Of Governments In Markets
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Author : John F. Wilson
language : en
Publisher: Routledge
Release Date : 2021-05-31
The Role Of Governments In Markets written by John F. Wilson and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-31 with Business & Economics categories.
This shortform book presents key peer-reviewed research selected by expert series editors and contextualised by new analysis from each author on government intervention and unexpected consequences in industrial history. With contributions on organisational structure, the quality of corporate governance, protectionism, the shareholder value model, and economic nationalism, this volume provides an array of fascinating insights into industrial history. Of interest to business and economic historians, this shortform book also provides analysis and illustrative case studies that will be valuable reading across the social sciences.
Business Markets And Government In The Asia Pacific
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Author : Yun-Peng Chu
language : en
Publisher: Routledge
Release Date : 2002-09-11
Business Markets And Government In The Asia Pacific written by Yun-Peng Chu and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Social Science categories.
The 23rd book in a long-established series of conference volumes which brings together top academics in the field. Up-to-date study being based on the 1996 Pacific Trade and Development conference Comparison between Asia-Pacific economic growth and that of the West is of primary contemporary concern
Beyond The New Right
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Author : John Gray
language : en
Publisher: Routledge
Release Date : 2013-09-13
Beyond The New Right written by John Gray and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-13 with Political Science categories.
John Gray is now established as one of the UK's leading political thinkers. For over a decade he has been asssociated with the ideas and think-tanks of the New Right. In this book he presents both a criticism of the ideological excesses of New Right ideology and a radical critique of the New Right itself, developed from the standpoint of traditional conservatism. All the major thinkers and themes of the New Right are examined, together with many major issues of current public policy - such as the growth of the underclass, the future of the welfare state and the role of government in education and culture. The author also argues that there are deep affinities between conservative ideology and Green thought. He advances radical proposals for the preservation and renewal of common life for an age in which the ideals of modernism, including continuous economic growth, are decreasingly viable. He expresses his conviction that conservative philosophy will find its future in dissociating itelf from the neo-liberalism that has lately dominated policy, and returning to the task of redefining traditional values.
The Limits Of The Market
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Author : Paul de Grauwe
language : en
Publisher: Oxford University Press
Release Date : 2017
The Limits Of The Market written by Paul de Grauwe and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Capitalism categories.
The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
Marketcraft
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Author : Steven K. Vogel
language : en
Publisher: Oxford University Press
Release Date : 2018-02-01
Marketcraft written by Steven K. Vogel and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-01 with Political Science categories.
Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the US and Japan. He examines how the US, the "freest" market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice. Marketcraft demonstrates that market institutions need government to function, and in increasingly complex economies, governance itself must feature equally complex policy tools if it is to meet the task. In our era-and despite what anti-government ideologues contend-governmental officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft.