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The Limits of the Market

The Limits of the Market PDF Author: Paul de Grauwe
Publisher: Oxford University Press
ISBN: 0198784287
Category : Business & Economics
Languages : en
Pages : 182

Book Description
Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.

The Limits of the Market

The Limits of the Market PDF Author: Paul de Grauwe
Publisher: Oxford University Press
ISBN: 0198784287
Category : Business & Economics
Languages : en
Pages : 182

Book Description
Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.

Government Failure Versus Market Failure

Government Failure Versus Market Failure PDF Author: Clifford Winston
Publisher: Brookings Institution Press and AEI
ISBN:
Category : Business & Economics
Languages : en
Pages : 152

Book Description
When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure vs.

Individual and Social Responsibility

Individual and Social Responsibility PDF Author: Victor R. Fuchs
Publisher: University of Chicago Press
ISBN: 0226267954
Category : Political Science
Languages : en
Pages : 366

Book Description
Does government spend too little or too much on child care? How can education dollars be spent more efficiently? Should government's role in medical care increase or decrease? In this volume, social scientists, lawyers, and a physician explore the political, social, and economic forces that shape policies affecting human services. Four in-depth studies of human-service sectors—child care, education, medical care, and long-term care for the elderly—are followed by six cross-sector studies that stimulate new ways of thinking about human services through the application of economic theory, institutional analysis, and the history of social policy. The contributors include Kenneth J. Arrow, Martin Feldstein, Victor Fuchs, Alan M. Garber, Eric A. Hanushek, Christopher Jencks, Seymour Martin Lipset, Glenn Loury, Roger G. Noll, Paul M. Romer, Amartya Sen, and Theda Skocpol. This timely study sheds important light on the tension between individual and social responsibility, and will appeal to economists and other social scientists and policymakers concerned with social policy issues.

Alchemists of Loss

Alchemists of Loss PDF 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.

Introductory Economics Course Companion

Introductory Economics Course Companion PDF Author: Barry Harrison
Publisher: Bloomsbury Publishing
ISBN: 1349130044
Category : Business & Economics
Languages : en
Pages : 250

Book Description
This book has been written to meet the needs of the A-level economics candidate. Although free standing, it will be particularly useful when used as a supplement to the text Introductory Economics. It provides a brief but thorough coverage of the A-level syllabus and highlights the most common mistakes made by A-level candidates. Almost every chapter includes full and comprehensive answers to recent examination questions. It will be an essential guide to all students of economics A-level.

The World According to China

The World According to China PDF Author: Elizabeth C. Economy
Publisher: John Wiley & Sons
ISBN: 1509537511
Category : Political Science
Languages : en
Pages : 304

Book Description
An economic and military superpower with 20 percent of the world’s population, China has the wherewithal to transform the international system. Xi Jinping’s bold calls for China to “lead in the reform of the global governance system” suggest that he has just such an ambition. But how does he plan to realize it? And what does it mean for the rest of the world? In this compelling book, Elizabeth Economy reveals China’s ambitious new strategy to reclaim the country’s past glory and reshape the geostrategic landscape in dramatic new ways. Xi’s vision is one of Chinese centrality on the global stage, in which the mainland has realized its sovereignty claims over Hong Kong, Taiwan, and the South China Sea, deepened its global political, economic, and security reach through its grand-scale Belt and Road Initiative, and used its leadership in the United Nations and other institutions to align international norms and values, particularly around human rights, with those of China. It is a world radically different from that of today. The international community needs to understand and respond to the great risks, as well as the potential opportunities, of a world rebuilt by China.

Finance & Development, September 2014

Finance & Development, September 2014 PDF Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1475566980
Category : Business & Economics
Languages : en
Pages : 60

Book Description
This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.

The Budget and Economic Outlook

The Budget and Economic Outlook PDF Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 196

Book Description


Markets Or Governments

Markets Or Governments PDF Author: Charles Wolf
Publisher: MIT Press (MA)
ISBN: 9780262231343
Category : Capitalism
Languages : en
Pages : 220

Book Description
Economic studies historically have either extolled the virtues of perfect markets or decried the market's shortcomings, proposing that governments correct market failure. This book proposes as a counterweight to these views a theory of nonmarket failure, and examines in great detail the shortcomings of government efforts to replace or to regulate markets. It is an unusually thorough analysis that can be used to make more systematic comparisons between markets and governments and to arrive at more intelligent choices between them.After reviewing the existing theory of market shortcomings, Wolf develops a parallel framework for analyzing the shortcomings of government, elaborating the inherent characteristics of government operations and the problems they present. He then considers how these predictable types of nonmarket failure can be taken into account in improving the formulation of public policy. And he compares market and nonmarket alternatives, both in their theoretical and empirical aspects.Wolf concludes that, while both markets and governments have inherent shortcomings, and the choice between them is never a pure one (real-world situations always involve some combination of the two alternatives), markets do a better job than governments. They are more efficient according to both static and dynamic criteria. With respect to equity and other non-efficiency considerations, however, both markets and governments have strengths and weaknesses. Finally, Wolf points out that government can play an important role in improving and extending the functioning of markets. And, perhaps most controversially, he argues that market forces themselves can play an important role in improving thefunctioning of government. They can reduce the incidence of nonmarket failure by injecting market incentives into government operations.Charles Wolf, Jr. is Dean of the RAND Graduate School of Policy Studies and director of the RAND Corporation's Research Program in International Economic Policy. He was chairman of RAND's Economics Department for 12 years, and has written widely in the fields of economics, defense policy, and foreign policy. A RAND Corporation Research Study.

Governmental Intervention in the Market Mechanism: the Petroleum Industry

Governmental Intervention in the Market Mechanism: the Petroleum Industry PDF 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.