Author: Paul de Grauwe Publisher: Oxford University Press ISBN: 0198784287 Category : Capitalism Languages : en Pages : 182
Book Description
The old discussion of 'Market or State' is obsolete.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?
Author: Clifford Winston Publisher: Brookings Institution Press ISBN: 081579391X Category : Business & Economics Languages : en Pages : 147
Book Description
A Brookings Institution Press and American Enterprise Institute publication When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise book, Clifford Winston offers his innovative analysis—shaped by thirty years of evidence—to assess the efficacy of government interventions. Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. Governments fail when an intervention is unwarranted because markets are performing well or when the intervention fails to correct a market problem efficiently. Winston concludes from existing research that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged from my search." The prevalence of market failure is due to a lack of conviction in favor of markets, the inflexibility of intervening government agencies, and political forces that enable certain interest groups to benefit at the expense of society as a whole. Winston suggests that government policy can be improved by making greater use of market-oriented solutions that have already produced benefits in certain situations.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly Publisher: ISBN: Category : Petroleum industry and trade Languages : en Pages : 1932
Book Description
Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly Publisher: ISBN: Category : Intervention (Federal government) Languages : en Pages :
Author: D. R. Stabile Publisher: Edward Elgar Publishing ISBN: 1781006776 Category : Biography & Autobiography Languages : en Pages : 293
Book Description
Markets, Planning and the Moral Economy examines the rise of the Progressive movement in the United States during the early decades of the 20th century, particularly the trend toward increased government intervention in the market system that culminated in the establishment of President RooseveltÕs New Deal programs. The authors consult writings from politicians, business leaders, and economists of the time, using a variety of historical perspectives to illuminate the conflicting viewpoints that arose as the country struggled to recover from the worst economic downturn in its history. This fascinating historical study explores the conflict between what the authors identify as two competing ideologies: the market economy, whose proponents advocated a hands-off approach and a trust in allowing the markets to adjust themselves, and the moral economy, whose supporters favored a system of government planning and stewardship designed to promote economic fairness. Presenting arguments from each side by public figures and intellectuals, this book offers the most thorough and complete analysis to date of the new economic discourse that arose during the Progressive movement and remains a vital component of our economic and political discussions today. Professors and students of economics, political science, public policy, and history will all find much to admire in this fascinating and accessible volume. Scholars from across the world will also find this book helpful in contemplating the long-term effects that the tension between the market economy and the moral economy can have on an individual countryÕs economic system.
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly Publisher: ISBN: Category : Antitrust law Languages : en Pages : 1176
Book Description
Reviews economic impact of Federal regulations on the petroleum industry. Focuses on crude oil supplies, domestic competition, restrictions on less expensive foreign crude oil imports, the need to maintain higher domestic prices as development incentive and regional allocation inequities, especially in the Northeast.
Author: John F. Walker Publisher: M.E. Sharpe ISBN: 9780765600677 Category : Political Science Languages : en Pages : 282
Book Description
This text chronicles the growth of local, state and federal government over the last 100 years and explains this growth by arguing that public and social acceptance (even demand for) government intervention has allowed for a strong government role at all levels of the economy.
Author: Kevin Dowd Publisher: John Wiley & Sons ISBN: 047068996X Category : Business & Economics Languages : en Pages : 433
Book Description
An engaging look at how modern finance almost destroyed our global economy Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers. Breaks down the events involved in the 2007-08 financial collapse Reveals how botched policy response made a bad situation worse Focuses on lessons that the practice of finance must learn from recent events The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.
Author: Paul de Grauwe
Author: Clifford Winston
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Author: D. R. Stabile
Author: United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust and Monopoly
Author: John Jewkes
Author: John F. Walker
Author: United States. Congress. Senate. Judiciary
Author: Kevin Dowd