Institutional Analysis and Economic Policy

Tool, Marc R.; Bush, Paul Dale (California State University, Fresno, USA)

ISBN 10: 1402073089 / ISBN 13: 9781402073083

Edité par Kluwer Academic Publishers, 2003

A propos de cet article

A book on economic policy that takes the role of democracy seriously. It challenges the conventional wisdom espoused by leaders of major political parties in the US, and increasingly by leaders of other nations, that markets and not democratic policy formation should determine the legitimate role of private interests in the conduct of the economy. Num Pages: 598 pages, biography. BIC Classification: 1QFH; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 234 x 156 x 33. Weight in Grams: 1039. . 2003. Hardback. . . . . Books ship from the US and Ireland.

N° de réf. du vendeur V9781402073083

Détails bibliographiques

• Titre: Institutional Analysis and Economic Policy
• Éditeur: Kluwer Academic Publishers
• Date de parution: 2003
• Langue: anglais
• ISBN à 10 chiffres: 1402073089
• ISBN à 13 chiffres: 9781402073083
• Reliure: Couverture rigide
• État de l'article: New

A propos de ce titre

Synopsis

The purpose of this volume is to demonstrate how contemporary institutional economic analysis can be applied to the resolution of economic problems. All of the essays in this book challenge the conventional wisdom in the problem areas addressed. They advocate policy positions that often run contrary to views widely held by academic economists and policy makers alike. The general literature of institutional economics is unorthodox, beginning with its methodological foundations and continuing through the kind of policy analysis found in these pages. The orthodox tradition in economics is commonly characterized as "neoclassical economics." Neoclassical economics fosters the myth that only "the market" can efficiently allocate a society's economic resources and equitably distribute its income. It provides the intellectual defense for in which "free markets" are championed over democratic capitalist ideology policy formation, which it contends is neither efficient nor equitable. For both professional economists and policy makers of a conservative political persuasion, neoclassical economics writes the script for a morality play in which the market is the "good guy" and the government is the "bad guy." As such, it undermines the belief that free societies can enhance economic welfare through the use of democratic processes in the formulation of economic policies.