Private Choices Social Costs And Public Policy

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Private Choices Social Costs And Public Policy

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Author : Nancy Hammerle
language : en
Publisher: Praeger
Release Date : 1992-09-17

Private Choices Social Costs And Public Policy written by Nancy Hammerle and has been published by Praeger this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-09-17 with Business & Economics categories.

This data-rich work examines today's most compelling and controversial public health issues, including alcohol and drug abuse, AIDS, abortion, black and infant mortality, drug-affected babies, child abuse, teenage pregnancy, and cigarette smoking. Hammerle's theme is that individual behavioral choices often have far-reaching and costly effects. When practiced by large numbers of people, the human and fiscal costs can be monumental, taxing virtually all of our social systems as well as our financial resources. Hammerle enumerates these costs and, employing economic analytical tools, recommends public policies that will reduce the incidence of such behavior or otherwise reduce its social cost. Some recommendations are outside the mainstream, but all are well substantiated and soundly argued. This volume will be of great interest to academics, practitioners, and policy-makers in the fields of public health, health care administration, public policy, child protection, and family planning. The work will also interest economists and sociologists in the field of social welfare, as well as lay persons who are concerned about these timely public health issues.

The Myth Of Social Cost

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Author : Steven N. S. Cheung
language : en
Publisher: Hobart Papers (Paperback)
Release Date : 1978

The Myth Of Social Cost written by Steven N. S. Cheung and has been published by Hobart Papers (Paperback) this book supported file pdf, txt, epub, kindle and other format this book has been release on 1978 with Business & Economics categories.

For over 50 years economists have argued that where private costs or benefits differ from social costs or benefits - in noise, smells, congestion, pollution of the environment - there is a 'clear case' for government intervention to correct the divergence. This argument has been used to justify almost endless intervention. However, the original analysts of social costs/benefits were led into error by failing to test their propositions against the evidence of real life. Painstaking empirical studies clearly demonstrate these errors. A divergence between private and social cost is no decisive justification for government action to correct it. The costs of intervention often outweigh the social benefits. Moreover, the alleged 'externalities' are merely uncontracted effects. Under private property rights, the use of contracts to transact what have been regarded as 'external' effects is far more common than has been commonly recognised.

Social Costs Public Policy And Freedom Of Choice

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Author : Roy E. Cordato
language : en
Publisher:
Release Date : 1992

Social Costs Public Policy And Freedom Of Choice written by Roy E. Cordato and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Externalities (Economics) categories.

Knowledge And Incentives In Policy

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Author : Stefanie Haeffele
language : en
Publisher: Rowman & Littlefield
Release Date : 2018-06-04

Knowledge And Incentives In Policy written by Stefanie Haeffele and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-06-04 with Political Science categories.

This book, authored by public policy practitioners and researchers, tackle such pressing issues as public education, the process for approving medical devices, tax policy, and land use regulation.

The Political Economy Of Private Saving In The U S

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Author : Franklin G. Mixon
language : en
Publisher: iUniverse
Release Date : 2002-09-08

The Political Economy Of Private Saving In The U S written by Franklin G. Mixon and has been published by iUniverse this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-08 with Business & Economics categories.

Using theoretical and empirical approaches from the economics and political science disciplines, this book examines the social opportunity costs of American public policy towards national saving. The primary focus of the text is on the institutional arrangements of the U.S. Social Security system, as they relate to Americans' decisions to save and invest, and to interest groups' decisions to lobby Congress for political privileges. The book presents statistical evidence suggesting that the social opportunity costs of U.S. policy in this area are enormous. Lower bound estimates put the loss in private savings, due to savers' decisions to substitute Social Security for private retirement plans, at approximately $349 billion dollars annually. When the lobbying costs associated with efforts to redistribute the money in the Social Security Trust Fund are included, this figure rises by perhaps as much as $15 billion. The results and discussion in this work should serve as a useful addition to the policy debates in this area.

Markets State And People

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Author : Diane Coyle
language : en
Publisher: Princeton University Press
Release Date : 2020-01-14

Markets State And People written by Diane Coyle and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-14 with Business & Economics categories.

A textbook that examines how societies reach decisions about the use and allocation of economic resources While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness? Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more. Markets, State, and People offers a new way of approaching public economics. A focus on markets and institutions Policy ideas in historical context Real-world examples How economic theory helps policymakers tackle dilemmas and choices

Public Policy

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Author : Charles L. Cochran
language : en
Publisher: McGraw-Hill Humanities, Social Sciences & World Languages
Release Date : 1999

Public Policy written by Charles L. Cochran and has been published by McGraw-Hill Humanities, Social Sciences & World Languages this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Political Science categories.

This text is written with a conviction that public policy is not a value-free subject, and values influence and are influenced by economic realities. The result is a uniquely balanced and very readable text that hooks students. Tackling both the theory and processes of policy-making, the authors do not shrink from controversial issues that come before policy makers, and they present the dichotomy between liberal and conservative issues in policy-making.

Policy And Choice

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Author : William J. Congdon
language : en
Publisher: Brookings Institution Press
Release Date : 2011

Policy And Choice written by William J. Congdon and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Business & Economics categories.

Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.

Economics

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Author : James D Gwartney
language : en
Publisher: Academic Press
Release Date : 2014-05-10

Economics written by James D Gwartney and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.

Economics: Private and Public Choice, Second Edition deals with modern Keynesian theory, monetarist theory, collective decision-making, and the traditional demand-side of macroeconomics. The book explains economic principles, such as taxation, government expenditure, public choice theory, rate of employment, aggregate supply, fiscal policy, low productivity, inflation, and adaptive expectation hypothesis. The text also covers microeconomics, particularly, capital interest, profits, energy market, and the indifference curve analysis. The book discusses inequality, income mobility, and the battle against poverty where a market system can encourage the careful use of resources, high productivity, and freedom of choice for individuals to bear the costs and reap the benefits. The text points out that income redistribution can result in some conflicts. As an example, the book analyzes income inequality in the United Sates, income inequality in other countries, as well as its causes. The book also describes the characteristics of less developed countries as having low per capita income, dominance of agriculture-household sector, rapid population growth, income that is more unequally distributed, including inadequate health care and education. The book is suitable for economists, sociologists, and policy makers involved in national economic development.

Macroeconomics

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Author : James D Gwartney
language : en
Publisher: Academic Press
Release Date : 2014-05-10

Macroeconomics written by James D Gwartney and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-10 with Business & Economics categories.

Macroeconomics: Private and Public Choice discusses the principle of macroeconomics, particularly government expenditure, taxation, public choice theory, and labor markets. The book also covers aggregate supply, fiscal policy, inflation, unemployment, traditional Keynesian theory, low productivity, rapid inflation. The text explains international economics and comparative systems such as the export-import link, export taxes, and foreign finance. It analyzes the existence of trade barriers as being due to domestic protectionism policies, special interest nature of trade restrictions, and economic illiteracy. The book examines the economics of government failure, namely, the collective decision-making process as being both beneficial and limited of public sector economic action. Among the reasons cited for government failure are voter ignorance, inefficient public policy, existence of special interests, imprecise knowledge of consumer preferences, as well as government shortsightedness. The book also examines why government intervention in some activities can be beneficial, for example, weak market competition or monopoly, uninformed consumers, and when conditions of external benefits can be achieved. Economists, sociologists, professors in economics, or policy makers involved in economic and rural development will find the text valuable.