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Government and the American Economy by Price V. Fishback Pdf
The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story. America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.
Partisan Politics, Divided Government, and the Economy by Alberto Alesina,Howard Rosenthal Pdf
This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as the result of a compromise between the President and Congress. Because Democrats and Republicans usually maintain polarized preferences on policy, middle-of-the-road voters seek to balance the President by reinforcing in Congress the party not holding the White House. This balancing leads, always, to relatively moderate policies and, frequently, to divided government. The authors first outline the rational partisan business cycle, where Republican administrations begin with recession, and Democratic administrations with expansions, and next the midterm cycle, where the President's party loses votes in the mid-term congressional election. The book argues that both cycles are the result of uncertainty about the outcome of presidential elections. Other topics covered include retrospective voting on the economy, coat-tails, and incumbency advantage. A final chapter shows how the analysis sheds light on the economies and political processes of other industrial democracies.
Author : Steven G. Medema,Peter J. Boettke Publisher : Annual Supplement to History o Page : 472 pages File Size : 45,6 Mb Release : 2005 Category : Business & Economics ISBN : STANFORD:36105120979872
The Role of Government in the History of Economic Thought by Steven G. Medema,Peter J. Boettke Pdf
The Role of Government in the History of Economic Thought examines a controversial area of economic analysis: the appropriate role of government within the economic system. If the first two-thirds of the twentieth century were dominated by the active involvement of economists in government policymaking, blurring the lines between the spheres of economics and politics, then the last several decades have witnessed something of a reversion to the classical economics of Adam Smith and John Stuart Mill. This volume offers a comprehensive and integrated history of the evolution of the relationship between governments and economies, examining the British classical tradition, the American progressive movement, and corporatist ideology.
The size of gov¿t. has increased significantly since the financial crisis of 2008 as a result of the government¿s unplanned intervention in financial markets and subsequent stimulus legislation. Contents of this report: (1) How Does the Gov¿t. Affect the Economy?; (2) How Large is the Gov¿t.?; (3) Effect of the Gov¿t. on Economic Efficiency: What is a Market Failure?; Public Goods; Common Resources; Monopoly Power; Externalities; Asymmetric Information; Failure to Optimize; How Do Taxes Affect Economic Efficiency?; Balancing Economic Efficiency With Other Goals; (4) Effect of the Gov¿t. on Economic Growth: Effect of Spending, Transfers, Taxes, and Regulation. Charts and tables.
Government and the Economy by David A. Dieterle,Kathleen M. Simmons Pdf
In this non-biased, politically neutral compendium, the authors trace the evolution of the U.S. government's role in the economy, including the history, ideas, key players, and court rulings that influenced its involvement. Today's economic environment is in constant flux, as is the participation of governments in it. Local, state, national, and global governmental agencies have taken on new responsibilities—with both positive and negative economic consequences. This book looks at the changing role of American government in the economy, from determining the measurements of economic health, to being mindful of corporate sustainability, to legislating business practices and consumer affairs. This comprehensive collection of essays draws from the contributions of 25 economic scholars along with seasoned educators David A. Dieterle and Kathleen C. Simmons to examine economic systems and the factors that influence them. The work includes summaries of important Supreme Court cases that have impacted America's economic infrastructure, biographies of famous economists, and descriptions of the seven key economic systems—command (socialism), democratic socialism, fascism, market (capitalism), state capitalism, transitional, and welfare state.
Economic Perspectives on Government by Keith Dowding,Brad R. Taylor Pdf
“Dowding and Taylor offer student and scholar alike a clear and compelling perspective on the foundations of political economy. Their narrative coherently frames the scholarship of the last half century, and persuasively applies it to the recurring problems facing groups, markets, and whole societies.”—Kenneth A. Shepsle, Harvard University, USA This book introduces and applies the economic way of thinking to public policy and public administration. It provides a non-technical introduction and assumes no prior economic or mathematical training but looks closely at the methodological and normative assumptions underlying economic analysis. It provides a deep understanding of the method than a simple technical presentation would allow. After introducing the basic assumptions of the economic method, the book considers the analysis of market failure, the role of government in a market economy, behavioural economics, bargaining in government, bureaucracy, interest groups, and levels of government. By providing a balanced introduction to and overview of economic approaches to government, the book will be useful to undergraduate and postgraduate students in public administration and public policy, as well as academics and practitioners in these fields interested in the application of the economic way of thinking.
'Starting from the idea that market and state are intertwined domains, and explaining the economy as a system of communication evolving through innovation, this excellent book makes a valuable contribution to understanding government rule setting in knowledge-based economies. It provides a taxonomy of ways in which government rules function more or less successfully, and addresses the important problem of institutional vulnerability. Intellectual property rights laws and reform of health care systems are perceptively discussed. This book is strongly recommended for public policy experts and researchers investigating the publicprivate economy.' John Davis, Marquette University, US and University of Amsterdam, The Netherlands 'Since the 1970s the conventional wisdom has been that governments should retreat from the economic sphere and enhance the role of markets. The financial crash of 2008 has brought that into question. This stimulating set of essays considers the role of government in modern complex economies. Addressing the potential for both government failure and market failure, and drawing on empirical evidence, these studies are important contributions to a revived debate.' Geoffrey M. Hodgson, University of Hertfordshire, UK 'The idea that governments as well as markets can fail has been central to the public choice literature for the last half century. Typically government failure is described and measured as excessive expenditures or unbalanced budgets. This original book points out that government failures often take the form of inappropriate or inconsistent rules governing the private sector. The argument is nicely illustrated using real-world examples in the areas of healthcare, innovation, and intellectual property. The book is a timely and important contribution to the literature.' Dennis C. Mueller, University of Vienna, Austria This highly unique book takes a fundamental look at when and how a government can fail at its core responsibility of formulating rules. Government, representing society, relates to the economy by formulating the rules within which (market) players should operate. Although market and business failure are much discussed in the economics literature, government failure is often overlooked. This book addresses this gap, exploring in detail what constitutes government failure. Wilfred Dolfsma illustrates that it is not adequate to discuss government failure simply with reference to its level of expenditure, as is usually the case. Defining government failure and analysing it in the domains of health care, innovation and technology, he explores topics such as how market and society relate, consequences of conflicts between government policies, how government should (not) intervene, the vulnerability of institutions and rules (set out by government), and suggests a welfare perspective for evaluative purposes. This stimulating and thought provoking book will prove a fascinating read for academics, researchers and advanced students in economics particularly public choice and institutional economics public administration, policy studies, and law and economics.
The Rise of Big Government by Harold G. Vatter,John F. Walker Pdf
The Rise of Big Government chronicles the phenomenal growth of local, state, and federal government over the last 100 years. The authors explain this growth by arguing that public and social acceptance of government intervention has allowed government to maintain a presence at all levels of the economy. The authors take issue with the opposing argument that government has grown by itself and by the bureaucracy's constant push for its own expansion.
Public Sector Economics by Randall G. Holcombe Pdf
For courses in Public Finance, Public Economics, Public Sector Economics, and The Economics of Taxation. Holcombe takes a "public choice" approach to public finance and looks at public policy as a product of the democratic decision-making process.
Author : Robert R. Schneider Publisher : World Bank Publications Page : 80 pages File Size : 48,5 Mb Release : 1995 Category : Business & Economics ISBN : 0821333534
Government and the Economy on the Amazon Frontier by Robert R. Schneider Pdf
World Bank Environment Paper No. 11.Addresses issues of local governance in frontier economies in relation to environmental and political sustainability. Covers problems of mining, farming, and disincentives.
