Institutional Analysis and Economic Policy

Name: Institutional Analysis and Economic Policy
Brand: Springer-Verlag New York Inc.
SKU: 9781461349921
Price: 157.44 EUR
Availability: InStock

Автор: Marc R. Tool, Paul Dale Bush

Език:

Корици: С меки корици

Издател: Springer-Verlag New York Inc.

Наличност: Външен склад

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The purpose of this volume is to demonstrate how contemporary institutional economic analysis can be...

Информация за книгата

Автор

Marc R. Tool, Paul Dale Bush

Език

Английски език

Корици

Книга - С меки корици

Издадена

2012

страници

598

EAN

9781461349921

ISBN

1461349923

Enbook ID

06796148

Издател

Springer-Verlag New York Inc.

Теглоt

937

Размери

155 x 235 x 34

Пълно описание

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.

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