Institutional Analysis and Economic Policy by Marc R. Tool (English) Hardcover B

Description: Institutional Analysis and Economic Policy by Marc R. Tool, Paul Dale Bush 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." FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description This is a book on economic policy that takes the role of democracy seriously. It challenges the conventional wisdom espoused by leaders of both major political parties in the US, and increasingly by leaders of other nations, that markets and not democratic policy formation should determine the legitimate role of private interests in the conduct of the economy. The authors of the essays in this book reject the mainstream neoclassical view that the market should rule "uber alles." Examining the problems existing in a number of crucial areas of economic policy, they demonstrate the inadequacy of orthodox view that markets can generate economic welfare without the guidance of democratically formulated economic policies. Using the principles of the original institutional economics (OIE), they fashion long-term strategies for the formation of economic policies that can accommodate institutional changes necessary to meet the ever-changing circumstances faced by nations in a global economy. The editors have assembled a group of scholars with special expertise in the problems they address.In each instance they offer original insights into issues that many in the mainstream had thought were settled. The analysis and policy proposals of the essays in this book do not defer to the dominant vested interests in industry, academe, or government. The views expressed are fresh, candid, and break out of the ideological boxes that have for so long encapsulated public debates on economic policies. Table of Contents I.- 1 Foundational Concepts for Institutionalist Policy Making.- II.- 2 An Institutionalist View of Fiscal Policy.- 3 Monetary Policy: An Institutionalist Approach.- 4 Progressive Tax Policies.- III.- 5 Promoting Economic Equity: The Basic Income Approach.- 6 Welfare Reform.- 7 Universal Health Care in the United States: Analysis and Proposals.- 8 Social Security: Truth or Convenient Fictions?.- IV.- 9 Competing Perspectives on Economic Power and Accountability.- 10 Market Failure in Public Utility Industries: An Institutionalist Critique of Deregulation.- 11 The Abuse of Economic and Financial Power in the New Economy: Historical Patterns in the Creation of Modern Remedies.- V.- 12 Toward Developmental Curriculum Reform: Teach What? To Whom? Why?.- 13 Policies to Provide Non-invidious Employment.- 14 Policy Implications of the New Information Economy.- VI.- 15 An Institutionalist Perspective on Environmental Goal Setting.- 16 Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials.- VII.- 17 Globalization: An Institutionalist Perspective.- 18 Global Industrial Policies.- 19 Recent Tendencies in Development Economics: Bringing Institutions Back In.- About the Authors. Review `Tool and Bush are among contemporary leaders of, and continuing contributors to institutional economics. They have stimulated and supported institutionalist research and policy-making of scholars and policy analysts over several decades. Philip OHara, Curtin University, Perth, Australia "From the preface to the last page of the last essay, this book is an unqualified success. It demonstrates beyond any doubt that institutional economics is a policy science that is highly energized by a host of bright minds at work developing analyses that are highly relevant in the twenty-first century. All of the essays are crisply articulate and precisely target the critical aspects of the problems and policies. In the preface, Tool and Bush state that the analyses and policy positions taken by the contributors challenge the orthodox or neoclassical economics doctrine of "free markets" and that the essays "areprovocative, candid, and timely." Because that is fully borne out by the essays in a highly consistent manner, the book will serve as an excellent text for courses at the advanced undergraduate and graduate levels that deal with current socio-economic issues and policy analyses." Journal of Economic Issues, September 2004, pp. 855-857.Charles G. Leathers, University of Alabama Promotional Springer Book Archives Long Description 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 societys 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. Review Quote Tool and Bush are among contemporary leaders of, and continuing contributors to institutional economics. They have stimulated and supported institutionalist research and policy-making of scholars and policy analysts over several decades. Philip OHara, Curtin University, Perth, Australia Promotional "Headline" Tool and Bush are among contemporary leaders of, and continuing contributors to institutional economics. They have stimulated and supported institutionalist research and policy-making of scholars and policy analysts over several decades. Philip OHara, Curtin University, Perth, Australia Details ISBN1402073089 Author Paul Dale Bush Short Title INSTITUTIONAL ANALYSIS & ECONO Language English ISBN-10 1402073089 ISBN-13 9781402073083 Media Book Format Hardcover DEWEY 300 Edited by Marc R. Tool Affiliation California State University, Fresno, USA Country of Publication United States Pages 598 Edition 2003rd Imprint Springer-Verlag New York Inc. Place of Publication New York, NY DOI 10.1007/b109009;10.1007/978-1-4615-0261-6 AU Release Date 2003-01-31 NZ Release Date 2003-01-31 US Release Date 2003-01-31 UK Release Date 2003-01-31 Publisher Springer-Verlag New York Inc. Edition Description 2003 ed. Year 2003 Publication Date 2003-01-31 Alternative 9781461349921 Illustrations XV, 598 p. Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:96221308;

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