Government Failure

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Government Failure

Gordon Tullock,Gordon L. Brady,Arthur Seldon
Government Failure Book PDF

Author : Gordon Tullock,Gordon L. Brady,Arthur Seldon
Publisher : Cato Institute
Page : 211 pages
File Size : 46,7 Mb
Release : 2002-05-01
Category : Political Science
ISBN : 9781935308003

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Government Failure by Gordon Tullock,Gordon L. Brady,Arthur Seldon Pdf

When market forces fail us, what are we to do? Who will step in to protect the public interest? The government, right? Wrong. The romantic view of bureaucrats coming to the rescue confuses the true relationship between economics and politics. Politicians often cite "market failure" as justification for meddling with the economy, but a group of leading scholars show the shortcomings of this view. In Government Failure, these scholars explain the school of study known as "public choice," which uses the tools of economics to understand and evaluate government activity. Gordon Tullock, one of the founders of public choice, explains how government "cures" often cause more harm than good. Tullock provides an engaging overview of public choice and discusses how interest groups seek favors from government at enormous costs to society. Displaying the steely realism that has marked public choice, Tullock shows the political world as it is, rather than as it should be. Gordon Brady scrutinizes American public policy, looking closely at international trade, efforts at regulating technology, and environmental policy. At every turn Brady points out the ways in which interest groups have manipulated the government to advance their own agendas. Arthur Seldon, a seminal scholar in public choice, provides a comparative perspective from Great Britain. He examines how government interventions in the British economy have led to inefficiency and warns about the political centralization promised by the European Community. Government Failure heralds a new approach to the study of politics and public policy. This book enlightens readers with the basic concepts of public choice in an unusually accessible way to show the folly of excessive faith in the state.

Government Failure

Wilfred Dolfsma
Government Failure Book PDF

Author : Wilfred Dolfsma
Publisher : Edward Elgar Publishing
Page : 167 pages
File Size : 54,9 Mb
Release : 2013-01-01
Category : Political Science
ISBN : 9781782547167

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Government Failure by Wilfred Dolfsma Pdf

'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.

Why Government Fails So Often

Peter H. Schuck
Why Government Fails So Often Book PDF

Author : Peter H. Schuck
Publisher : Princeton University Press
Page : 484 pages
File Size : 47,5 Mb
Release : 2015-08-25
Category : Law
ISBN : 9780691168531

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Why Government Fails So Often by Peter H. Schuck Pdf

"From healthcare to workplace conduct, the federal government is taking on ever more responsibility for managing our lives. At the same time, Americans have never been more disaffected with Washington, seeing it as an intrusive, incompetent, wasteful giant. The most alarming consequence of ineffective policies, in addition to unrealized social goals, is the growing threat to the government's democratic legitimacy. Understanding why government fails so often--and how it might become more effective--is an urgent responsibility of citizenship. In this book, lawyer and political scientist Peter Schuck provides a wide range of examples and an enormous body of evidence to explain why so many domestic policies go awry--and how to right the foundering ship of state.Schuck argues that Washington's failures are due not to episodic problems or partisan bickering, but rather to deep structural flaws that undermine every administration, Democratic and Republican. These recurrent weaknesses include unrealistic goals, perverse incentives, poor and distorted information, systemic irrationality, rigidity and lack of credibility, a mediocre bureaucracy, powerful and inescapable markets, and the inherent limits of law. To counteract each of these problems, Schuck proposes numerous achievable reforms, from avoiding moral hazard in student loan, mortgage, and other subsidy programs, to empowering consumers of public services, simplifying programs and testing them for cost-effectiveness, and increasing the use of "big data." The book also examines successful policies--including the G.I. Bill, the Voting Rights Act, the Earned Income Tax Credit, and airline deregulation--to highlight the factors that made them work.An urgent call for reform, Why Government Fails So Often is essential reading for anyone curious about why government is in such disrepute and how it can do better"--

Government Failure Versus Market Failure

Clifford Winston
Government Failure Versus Market Failure Book PDF

Author : Clifford Winston
Publisher : Brookings Institution Press
Page : 154 pages
File Size : 53,7 Mb
Release : 2006
Category : Business & Economics
ISBN : UCSC:32106019031647

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Government Failure Versus Market Failure by Clifford Winston Pdf

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.

Market Failure, Government Failure, Leadership and Public Policy

B. Dollery,J. Wallis
Market Failure Government Failure Leadership and Public Policy Book PDF

Author : B. Dollery,J. Wallis
Publisher : Springer
Page : 214 pages
File Size : 46,8 Mb
Release : 1999-07-19
Category : Business & Economics
ISBN : 9780230372962

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Market Failure, Government Failure, Leadership and Public Policy by B. Dollery,J. Wallis Pdf

A global wave of reform is fundamentally reshaping the role of the state in national economies. This book provides a fresh and accessible perspective on the political economy of this megatrend. It traces the theoretical roots of the reforms to developments in public economics which emphasize problems of government rather than market failure. It then breaks new ground in developing an economic theory of leadership to explain how policy leadership networks can strive to influence the direction of reform processes.

Government and Markets

Edward J. Balleisen,David A. Moss
Government and Markets Book PDF

Author : Edward J. Balleisen,David A. Moss
Publisher : Cambridge University Press
Page : 579 pages
File Size : 43,6 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780521118484

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Government and Markets by Edward J. Balleisen,David A. Moss Pdf

After two generations of emphasis on governmental inefficiency and the need for deregulation, we now see growing interest in the possibility of constructive governance, alongside public calls for new, smarter regulation. Yet there is a real danger that regulatory reforms will be rooted in outdated ideas. As the financial crisis has shown, neither traditional market failure models nor public choice theory, by themselves, sufficiently inform or explain our current regulatory challenges. Regulatory studies, long neglected in an atmosphere focused on deregulatory work, is in critical need of new models and theories that can guide effective policy-making. This interdisciplinary volume points the way toward the modernization of regulatory theory. Its essays by leading scholars move past predominant approaches, integrating the latest research about the interplay between human behavior, societal needs, and regulatory institutions. The book concludes by setting out a potential research agenda for the social sciences.

Beyond Politics

Randy T. Simmons,Gordon Tullock
Beyond Politics Book PDF

Author : Randy T. Simmons,Gordon Tullock
Publisher : Independent Institute
Page : 572 pages
File Size : 44,5 Mb
Release : 2011-09-01
Category : Political Science
ISBN : 9781598130591

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Beyond Politics by Randy T. Simmons,Gordon Tullock Pdf

Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this record identifies what kinds of actions are beyond the ability of government. Combining public choice with studies of the value of property rights, markets, and institutions, this account produces a much different picture of modern political economy than the one accepted by mainstream political scientists and welfare economists. It demonstrates that when citizens request that their governments do more than it is possible, net benefits are reduced, costs are increased, and wealth and freedom are diminished. Solutions are also suggested with the goal to improve the lot of those who should be the ultimate sovereigns in a democracy: the citizens.

Why Government Succeeds and Why It Fails

Amihai Glazer
Why Government Succeeds and Why It Fails Book PDF

Author : Amihai Glazer
Publisher : Harvard University Press
Page : 230 pages
File Size : 41,8 Mb
Release : 2009-07-01
Category : Business & Economics
ISBN : 0674037634

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Why Government Succeeds and Why It Fails by Amihai Glazer Pdf

This book looks beyond politics to show how the ability of the U.S. government to implement policies is strongly affected by various economic constraints. These include the credibility of the policies, the ability of government to commit to them, the extent to which firms and consumers rationally anticipate their effects, whether the success of a policy further encourages firms and individuals to behave in intended ways, and whether the behavior of such actors can be sustained without continued government intervention. The authors apply these concepts to four areas of policy: macroeconomic policies to promote employment and economic growth, redistributive policies to benefit the poor and the elderly, production policies to provide goods and services, and regulatory policies to guide the behavior of firms and individuals. In doing so they provide plausible explanations of many puzzling phenomena--for example, why government has been successful in reducing cigarette smoking, but has failed to get people to install and maintain emission-control devices in their cars. This book recasts debates about public policy, avoiding conventional pro-government or anti-government positions; rather, it helps to predict when public policy will succeed.

When Government Fails

Mark Baldassare
When Government Fails Book PDF

Author : Mark Baldassare
Publisher : Univ of California Press
Page : 339 pages
File Size : 40,9 Mb
Release : 1998-06
Category : Social Science
ISBN : 9780520214866

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When Government Fails by Mark Baldassare Pdf

Table of Contents

Government Failure

Wilfred Dolfsma
Government Failure Book PDF

Author : Wilfred Dolfsma
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 48,7 Mb
Release : 2013
Category : Democracy
ISBN : 1782546065

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Government Failure by Wilfred Dolfsma Pdf

"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"--

Why Nations Fail

Daron Acemoglu,James A. Robinson
Why Nations Fail Book PDF

Author : Daron Acemoglu,James A. Robinson
Publisher : Currency
Page : 546 pages
File Size : 45,5 Mb
Release : 2013-09-17
Category : Business & Economics
ISBN : 9780307719225

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Why Nations Fail by Daron Acemoglu,James A. Robinson Pdf

Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

Government Failure Versus Market Failure

Clifford Winston
Government Failure Versus Market Failure Book PDF

Author : Clifford Winston
Publisher : Brookings Institution Press and AEI
Page : 152 pages
File Size : 46,5 Mb
Release : 2006
Category : Business & Economics
ISBN : STANFORD:36105114437010

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Government Failure Versus Market Failure by Clifford Winston Pdf

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.

Market Failure, Government Failure, Leadership and Public Policy

Joe Wallis,Brian Dollery
Market Failure Government Failure Leadership and Public Policy Book PDF

Author : Joe Wallis,Brian Dollery
Publisher : Unknown
Page : 236 pages
File Size : 55,8 Mb
Release : 1999
Category : Business Cycles
ISBN : 031222186X

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Market Failure, Government Failure, Leadership and Public Policy by Joe Wallis,Brian Dollery Pdf

A global wave of reform is reshaping the role of the state in national economies. This book examines the political economy of this megatrend, tracing the roots of the reforms to developments in public economics which emphasise problems of government.

Government Failure versus Market Failure

Clifford Winston
Government Failure versus Market Failure Book PDF

Author : Clifford Winston
Publisher : Brookings Institution Press
Page : 147 pages
File Size : 48,9 Mb
Release : 2007-04-01
Category : Business & Economics
ISBN : 9780815793915

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Government Failure versus Market Failure by Clifford Winston Pdf

When should government intervene in market activity and when is it best to let market forces take their natural course? How does the existing empirical evidence about government performance guide our answers to these questions? In this clear, concise book, Clifford Winston offers his innovative analysis—shaped by thirty years of evidence—to assess the efficacy of government interventions. Markets fail when it is possible to make one person better off without making someone else worse off, thus indicating inefficiency. Governments fail when an intervention is unwarranted because markets are performing well or when the intervention fails to correct a market problem efficiently. Winston concludes from existing research that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged from my search." The prevalence of market failure is due to a lack of conviction in favor of markets, the inflexibility of intervening government agencies, and political forces that enable certain interest groups to benefit at the expense of society as a whole. Winston suggests that government policy can be improved by making greater use of market-oriented solutions that have already produced benefits in certain situations.

Government Failure and Over-government

Arthur Seldon
Government Failure and Over government Book PDF

Author : Arthur Seldon
Publisher : Collected Works of Arthur Seldon
Page : 201 pages
File Size : 54,6 Mb
Release : 2005
Category : Philosophy
ISBN : 0865975469

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Government Failure and Over-government by Arthur Seldon Pdf

In the fifth volume of The Collected Works of Arthur Seldon, Arthur Seldon uses public choice economics research to support his theory of over-government. The term "over-government" was coined by Seldon and is defined as the failure of governments to govern well, leading the public to avoid government programs in favor of markets. Seldon explains how the results of government programs are always at odds with what the people would have chosen for themselves, because governments seek to impose taxes and legislature based on their own agendas. This increasing control and restraint by the government will continue to force people to abandon those ineffective programs for more open markets and other countries that support them. Seldon argues that government bureaucrats rely too heavily on unions, labor groups, and lobbyists and act in their own interest instead of opening those options up to the people they serve. Seldon purports that any government that continues to force its own views and desires on the unwilling public will lead to its own demise as the public searches elsewhere for a more representative democracy. The entire series includes: Volume 1: The Virtues of Capitalism (September 2004) Volume 2: The State Is Rolling Back (November 2004) Volume 3: Everyman's Dictionary of Economics (January 2005) Volume 4: Introducing Market Forces into "Public" Services (February 2005) Volume 5: Government Failure and Over-Government (May 2005) Volume 6: The Welfare State: Pensions, Health, and Education (October 2005) Volume 7: The IEA, the LSE, and the Influence of Ideas (December 2005)