Téléchargez le livre : Market Corrections Not Government Interventions

Market Corrections Not Government Interventions

A Path to Improve the US Economy

de

Éditeur :

Palgrave Macmillan


Paru le : 2025-11-19



eBook Téléchargement , DRM LCP 🛈 DRM Adobe 🛈
Lecture en ligne (streaming)
42,19 €
Téléchargement immédiat
Dès validation de votre commande
Ajouter à ma liste d'envies
Image Louise Reader présentation

Louise Reader

Lisez ce titre sur l'application Louise Reader.

badge apple Application Louise Reader
badge Android Application Louise Reader
Description

The choice of whether to recommend a market solution or a government intervention to address an economic or social problem is the eternal issue of public policy analysis. Throughout the decades, academics, policymakers, and the public have alternated between market-friendly and market-skeptical perspectives. But do these shifting views accurately reflect our knowledge about market and government performance?
In this book, Clifford Winston examines the extensiveness as well as the persistence of government failures in the US economy and the potential for market corrections to address those failures. He provides contemporary empirical evidence that strongly questions the effectiveness of government interventions, and he explores whether markets can self-correct to solve economic and social problems more efficiently.
Offering a comprehensive overview of government failures, the book includes key definitions and classifications. Winston synthesizes the available empirical evidence and analyzes the findings, which reveal persistent losses in economic welfare, despite the positive theoretical expectations of government interventions. Theoretical explanations of government failures are then evaluated and found to lack the ability to guide efficient policy reforms. Finally, the robustness of markets to overcome their inefficiencies or failures is characterized in terms of market corrections. Empirical evidence is presented to show that, in contrast to government failures, markets have often corrected their failures.
The implications of the book for academics and policymakers are twofold. First, when they are considering the efficacy of a market solution or a government intervention to address an economic or social problem, they should be much more cognizant of the potential for government failure and for this failure to persist. Second, they should also take a long-run view of markets and account for their ability to self-correct. Thus, the book calls for a more stable perspective toward markets and government—one where market corrections, not government interventions, are envisioned as offering a path for improving the US economy.
Pages
204 pages
Collection
n.c
Parution
2025-11-19
Marque
Palgrave Macmillan
EAN papier
9783031928147
EAN PDF
9783031928154
Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
20
Taille du fichier
5755 Ko
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
42,19 €
EAN EPUB
9783031928154
Informations sur l'ebook
Nombre pages copiables
2
Nombre pages imprimables
20
Taille du fichier
901 Ko
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
42,19 €

Clifford Winston is a senior fellow in the economic studies program at the Brookings Institution. He is author or editor of several books, including Reforming Occupational Licensing in the US.

Suggestions personnalisées