Government S Place In The Market

Author : Eliot Spitzer
Publisher : MIT Press
Page : 96 pages
File Size : 42,9 Mb
Release : 2011-04-18
Category : Political Science
ISBN : 9780262295116

Get Book

Government's Place in the Market by Eliot Spitzer Pdf

In his first book, the former New York governor and current CNN cohost offers a manifesto on the economy and the public interest. As New York State Attorney General from 1998 to 2006, Eliot Spitzer successfully pursued corporate crime, including stock price inflation, securities fraud, and predatory lending practices. Drawing on those experiences, in this book Spitzer considers when and how the government should intervene in the workings of the market. The 2009 American bank bailout, he argues, was the wrong way: it understandably turned government intervention into a flashpoint for public disgust because it socialized risk, privatized benefit, and left standing institutions too big to fail, incompetent regulators, and deficient corporate governance. That's unfortunate, because good regulatory policy, he claims, can make markets and firms work efficiently, equitably, and in service of fundamental public values. Spitzer lays out the right reasons for government intervention in the market: to guarantee transparency, to overcome market failures, and to guard our core values against the market's unfair biases such as racism. With specific proposals to serve those ends—from improving corporate governance to making firms responsible for their own risky behavior—he offers a much-needed blueprint for the proper role of government in the market. Finally, taking account of regulatory changes since the crash of 2008, he suggests how to rebuild public trust in government so real change is possible. Responses to Spitzer by Sarah Binder, Andrew Gelman, and John Sides, Dean Baker, and Robert Johnson, raise issues of politics, ideology, and policy.

Author : H.J. Blommestein,B. Steunenberg
Publisher : Springer
Page : 322 pages
File Size : 46,7 Mb
Release : 2014-03-14
Category : Political Science
ISBN : 9401583676

Get Book

Government and Markets by H.J. Blommestein,B. Steunenberg Pdf

Government and Markets is the first book to tackle systematically and in a multidisciplinary fashion the role of democratic governments during and after the transition from plan to market. The role of governments during the transformation is important for eliminating the obstacles and putting into place the conditions for the emergence of a viable market economy. Moreover, governments need to play a key role in establishing a political-legal order that promotes political liberties and economic freedom. In contrast to other literature on the transformation process in formerly planned systems, this volume focuses also on the creation of autonomous and accountable governments as part of the liberal economic order. Finally, the volume analyzes the role of the legal state in creating a competitive market economy. Government and Markets addresses itself to scholars, politicians policy makers interested in the establishment of a democratic, competitive order in formerly planned political economic systems.

Author : Paul de Grauwe
Publisher : Oxford University Press
Page : 182 pages
File Size : 45,6 Mb
Release : 2017
Category : Capitalism
ISBN : 9780198784289

Get Book

The Limits of the Market by Paul de Grauwe Pdf

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?

Author : Vito Tanzi
Publisher : Unknown
Page : 128 pages
File Size : 45,6 Mb
Release : 2011
Category : Electronic
ISBN : 1100193863

Get Book

Government Versus Markets by Vito Tanzi Pdf

Author : B. Dollery,J. Wallis
Publisher : Springer
Page : 214 pages
File Size : 50,6 Mb
Release : 1999-07-19
Category : Business & Economics
ISBN : 9780230372962

Get Book

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.

Author : A. Bhalla
Publisher : Springer
Page : 230 pages
File Size : 44,6 Mb
Release : 2001-03-13
Category : Business & Economics
ISBN : 9780230629202

Get Book

Market or Government Failures? by A. Bhalla Pdf

Choosing between government and market is not a very helpful exercise since both are necessary. This book argues that it is misplaced to dichotomise between government and market failures. Too much attention is generally placed on government failures and not enough on private corporate failures. Failures occur in both public and private corporate spheres. They may be due to lapses in implementation of policies and programmes. Lack of enforcement in developing countries occurs either because rules and norms do not exist or they are poorly enforced. Emphasis on implementation problems highlights the importance of organizations and institutions.

Author : Omar Azfar,Charles Cadwell
Publisher : University of Michigan Press
Page : 372 pages
File Size : 45,8 Mb
Release : 2003
Category : Business & Economics
ISBN : 0472068172

Get Book

Market-augmenting Government by Omar Azfar,Charles Cadwell Pdf

Shows how governments and markets are complementary rather than opposing forces

Author : Yunxian Chen
Publisher : Springer Nature
Page : 126 pages
File Size : 40,8 Mb
Release : 2020-04-01
Category : Business & Economics
ISBN : 9789811529221

Get Book

New Economic Engine: Effective Government and Efficient Market by Yunxian Chen Pdf

This book contains at least three main highlights: breaking through the limitations of the mainstream Western economics system and the market theory framework, correctly explaining the successful experience of China’s reform and opening up over the past 40 years from an economic perspective, and developing a new economics system and market theory. China’s reform and opening up and innovative developments have provided a wide range of materials and resources for this theory; the results of this research will be integrated into world economic theories and serve the economic development and economic growth across the world.

Author : Steven K. Vogel
Publisher : Oxford University Press
Page : 256 pages
File Size : 45,9 Mb
Release : 2018-02-01
Category : Political Science
ISBN : 9780190699871

Get Book

Marketcraft by Steven K. Vogel Pdf

Modern-day markets do not arise spontaneously or evolve naturally. Rather they are crafted by individuals, firms, and most of all, by governments. Thus "marketcraft" represents a core function of government comparable to statecraft and requires considerable artistry to govern markets effectively. Just as real-world statecraft can be masterful or muddled, so it is with marketcraft. In Marketcraft, Steven Vogel builds his argument upon the recognition that all markets are crafted then systematically explores the implications for analysis and policy. In modern societies, there is no such thing as a free market. Markets are institutions, and contemporary markets are all heavily regulated. The "free market revolution" that began in the 1980s did not see a deregulation of markets, but rather a re-regulation. Vogel looks at a wide range of policy issues to support this concept, focusing in particular on the US and Japan. He examines how the US, the "freest" market economy, is actually among the most heavily regulated advanced economies, while Japan's effort to liberalize its economy counterintuitively expanded the government's role in practice. Marketcraft demonstrates that market institutions need government to function, and in increasingly complex economies, governance itself must feature equally complex policy tools if it is to meet the task. In our era-and despite what anti-government ideologues contend-governmental officials, regardless of party affiliation, should be trained in marketcraft just as much as in statecraft.

Author : Komiete Tetteh
Publisher : Unknown
Page : 20 pages
File Size : 44,7 Mb
Release : 2013-11
Category : Electronic
ISBN : 3656535760

Get Book

The Usefulness of Market Failure in Explaining Government Action by Komiete Tetteh Pdf

Scholarly Essay from the year 2013 in the subject Business economics - Economic Policy, grade: A, School of Oriental and African Studies, University of London, language: English, abstract: This paper contributes to the discourse on the usefulness of market failure as an explanatory and justificatory tool for public policy and government action. Critically examining and evaluating market failure's theoretical robustness, ideological underpinnings, institutional claims and practical application, it argues that while the tool offers some insights into what governments (can) do, it fails to provide a compelling answer to the fundamental question of why governments exist. It is suggested that alternative approaches and theorizations such as institutional political economy and historical inquiry offer more comprehensive explanations for understanding the role and relationship between the state and the market.

Author : Roland I. Robinson
Publisher : Princeton University Press
Page : 252 pages
File Size : 46,7 Mb
Release : 2015-12-08
Category : Business & Economics
ISBN : 9781400879748

Get Book

Postwar Market for State and Local Government Securities by Roland I. Robinson Pdf

Most of the schools built in the United States, as well as many public facilities, must be financed by borrowing in the capital markets. Until recently, when strongly competing capital demands have interfered, the privilege of tax exemption has made state and local government borrowing relatively easy. Dr. Robinson has made an extensive study of the changing market value of tax exemption and of its effect on the yield of various securities. His analysis, which shows that the lessened value of tax exemption may well encourage administrative and financial reform in state and local governments, is of importance to finance authorities, institutional investors, and security analysts. Originally published in 1960. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Author : Allan H. Meltzer,Gert Von der Linde,United States. Congress. Joint Economic Committee
Publisher : Unknown
Page : 156 pages
File Size : 52,6 Mb
Release : 1960
Category : Bonds
ISBN : UCAL:B4970055

Get Book

A Study of the Dealer Market for Federal Government Securities by Allan H. Meltzer,Gert Von der Linde,United States. Congress. Joint Economic Committee Pdf

Author : United States. Congress. Economic Joint Committee
Publisher : Unknown
Page : 162 pages
File Size : 44,7 Mb
Release : 1960
Category : Electronic
ISBN : STANFORD:36105045230369

Get Book

A Study of the Dealer Market for Federal Government Securities by United States. Congress. Economic Joint Committee Pdf

Author : Charles Wolf
Publisher : MIT Press (MA)
Page : 220 pages
File Size : 46,6 Mb
Release : 1988-01-01
Category : Capitalism
ISBN : 0262231344

Get Book

Markets Or Governments by Charles Wolf Pdf

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.

Author : John E. Petersen
Publisher : Unknown
Page : 76 pages
File Size : 45,7 Mb
Release : 1976
Category : Debts, Public
ISBN : UCR:31210024872820

Get Book

Changing Conditions in the Market for State and Local Government Debt by John E. Petersen Pdf