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Author: Richard E. Wagner Publisher: Edward Elgar Publishing ISBN: 1785365487 Category : Business & Economics Languages : en Pages : 247
Book Description
Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.
Author: Richard E. Wagner Publisher: Edward Elgar Publishing ISBN: 1785365487 Category : Business & Economics Languages : en Pages : 247
Book Description
Economists typically treat government as something outside the business realm, a sort of “Lord of the Manor”. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 32
Book Description
This essay stems from Jim Dorn's invitation to encapsulate my recent book, Politics as a Peculiar Business: Insights from a Theory of Entangled Political Economy (Cheltenham, UK: Edward Elgar, 2016). Where standard political economy treats states as singular entities that intervene into economies, I treat states as networks of peculiar enterprises that operate inside a society's market arrangements. This peculiar quality ramifies throughout a society. To be successful, political enterprises must raise sufficient revenue to return profits to investors. Those profits are disguised through indirect transactions and ideological formulations, but are profits all the same. There is thus a simple explanation for why political enterprises grow relative to commercial enterprises: they grow because they offer higher returns to relevant investors than what those investors could obtain through commercial enterprises. The analytical challenge a theory of entangled political economy must face is to explain the profit-seeking reality of the sub-system of political enterprises that operates inside a society. This essay sets forth the main analytical features of this alternative scheme of political economy, and closes by considering possible implications for efforts to limit the reach of the political within society.
Author: Richard E. Wagner Publisher: ISBN: 9781786430458 Category : Economics Languages : en Pages : 256
Book Description
Economists typically treat government as something outside the business realm, a sort of 'Lord of the Manor'. Richard Wagner argues that this is the wrong approach and can ultimately be destructive to capitalism and to society. Modern governments are a peculiar form of business enterprise. They face the same problems as regular businesses, such as ascertaining demand and organizing production, and act within the system in a way that can lead to a parasitical relationship with the market. Largely rooted in political economy, this book develops new theoretical ideas and formulations to explain why democracy is a difficult form of government to maintain. The author explores how and why limited governments can morph into a system of destructive politics, and looks at ways to escape this process. This dynamic book will be useful for public choice scholars, economists, political scientists, and lawyers who are interested in political economy in its various guises.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 38
Book Description
This is a preliminary draft of the third of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter contrasts two approaches to working with the compound noun “political economy.” The standard, additive framework treats polity and economy as distinct objects, and with polity intervening into economy to change its attributes. The alternative, entangled framework treats polity and economy as comprising a single system that is only partially decomposable into separate subsystems. This alternative framework sets forth an alternative treatment of property rights and of the capital accounts of political enterprises.
Author: Katherine M. Gehl Publisher: Harvard Business Press ISBN: 1633699242 Category : Political Science Languages : en Pages : 316
Book Description
Leading political innovation activist Katherine Gehl and world-renowned business strategist Michael Porter bring fresh perspective, deep scholarship, and a real and actionable solution, Final Five Voting, to the grand challenge of our broken political and democratic system. Final Five Voting has already been adopted in Alaska and is being advanced in states across the country. The truth is, the American political system is working exactly how it is designed to work, and it isn't designed or optimized today to work for us—for ordinary citizens. Most people believe that our political system is a public institution with high-minded principles and impartial rules derived from the Constitution. In reality, it has become a private industry dominated by a textbook duopoly—the Democrats and the Republicans—and plagued and perverted by unhealthy competition between the players. Tragically, it has therefore become incapable of delivering solutions to America's key economic and social challenges. In fact, there's virtually no connection between our political leaders solving problems and getting reelected. In The Politics Industry, business leader and path-breaking political innovator Katherine Gehl and world-renowned business strategist Michael Porter take a radical new approach. They ingeniously apply the tools of business analysis—and Porter's distinctive Five Forces framework—to show how the political system functions just as every other competitive industry does, and how the duopoly has led to the devastating outcomes we see today. Using this competition lens, Gehl and Porter identify the most powerful lever for change—a strategy comprised of a clear set of choices in two key areas: how our elections work and how we make our laws. Their bracing assessment and practical recommendations cut through the endless debate about various proposed fixes, such as term limits and campaign finance reform. The result: true political innovation. The Politics Industry is an original and completely nonpartisan guide that will open your eyes to the true dynamics and profound challenges of the American political system and provide real solutions for reshaping the system for the benefit of all. THE INSTITUTE FOR POLITICAL INNOVATION The authors will donate all royalties from the sale of this book to the Institute for Political Innovation.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 36
Book Description
This is a preliminary draft of the last of the eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter ventures modestly into hortatory territory, in contrast to the explanatory focus of the preceding chapters. It treats political economy as a form of societal agriculture that lies between science and moral philosophy. As science it recognizes that societies exhibit law-like qualities that are open to discovery and articulation, but are not open to repeal. As moral philosophy, it seeks to bring that science to bear on uncovering the various terms of the Faustian bargain that the use of political power injects into societies.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 41
Book Description
This is a preliminary draft of the fourth of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter starts by explaining that a universal feature of competition is its selection for excellence among competitors. This is a purely formal attribute of competition. Just what qualities are actually selected through competition depends on the context of competition, which is myriad in number. One can, for instance, be an excellent swimmer without being a terrific diver. Most of this chapter explains how the triadic character of democratic processes selects for different qualities than the dyadic character of market processes.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
This is a preliminary draft of the fifth of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explains that economizing action provides a universal form for pursuing social theorizing in a substantive manner. People universally act to options they value most highly, but only a subset of those options has directly logical character. Much action has non-logical character, as illustrated by sentiments of various sorts, and yet such action is likewise has regularity about it and is subject to scientific examination.
Author: Richard E. Wagner Publisher: ISBN: Category : Languages : en Pages : 45
Book Description
This is a preliminary draft of the sixth of what will be eight chapters in a book titled Politics as a Peculiar Business: Public Choice in a System of Entangled Political Economy. This chapter explains that the generally orderly quality of politically sponsored activities within a society necessarily bears a parasitical relationship to market activity. Within societies of even modest complexity, reasonable orderliness requires alienable ownership and the resulting generation of market prices which renders economic calculation possible. Politically sponsored enterprises likewise require market prices even if their operating logic requires them to modify and degrade some of those prices. The quality of the resulting parasitical interaction among differently constituted entities is the prime topic explored here.
Author: Richard E. Wagner
Author: Richard E. Wagner
Author: Richard E. Wagner
Author: Richard E. Wagner
Author: Richard E. Wagner
Author: Katherine M. Gehl
Author: Richard E. Wagner
Author: Richard E. Wagner
Author: Friedrich List
Author: Richard E. Wagner
Author: Richard E. Wagner