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Книга Free Markets Under Siege Richard A. Epstein

Free Markets Under Siege

Cartels, Politics and Social Welfare

Автор: Richard A. Epstein
Език: Английски език
Корици: С твърди корици
Издател: Institute of Economic Affairs
Наличност: 50% вероятност
Ще претърсим света
13.29 € 25.99 лв
In this paper, Richard A Epstein, Professor of Law at the University of Chicago, explains how there...

Информация за книгата

Автор
Richard A. Epstein
Език
Английски език
Корици
Книга - С твърди корици
Издадена
2004
страници
144
EAN
9780255365536
ISBN
0255365535
Enbook ID
04560084
Издател
Institute of Economic Affairs
Теглоt
138
Размери
129 x 197 x 5

Пълно описание

In this paper, Richard A Epstein, Professor of Law at the University of Chicago, explains how there are substantial gains to be made from countries getting 'easy' policy decisions correct. Societies collapse and become impoverished when they do not accept the basic principles of freedom to contract and competition. Even in the developed world these principles have not been accepted in key areas such as agricultural and labour markets. Significant welfare gains could be achieved from liberalisation in both areas. Epstein explains how liberal economists, politicians and civil servants often spend much time discussing 'difficult' cases. While these issues may be important to particular groups in society, the implications of getting 'difficult' cases wrong is not serious. Thus policy-makers and their advisers, Epstein says, would do well to concentrate on the 'easy' cases. In his study, Professor Epstein uses evidence and analysis derived from the disciplines of both law and economics. Professor Geoffrey E Wood provides a commentary that elucidates Epstein's argument and shows how it can be further applied to policy issues relevant to the UK.

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