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Public Goods and Market Failures

Public Goods and Market Failures PDF Author: Tyler Cowen
Publisher: Transaction Publishers
ISBN: 9781412832380
Category : Business & Economics
Languages : en
Pages : 394

Book Description
Assertions of market failure are usually based on Paul Samuelson's theory of public goods and externalities. This book both develops that theory and challenges the conclusion of many economists and policy-makers that market failures cannot be corrected by market forces. The volume includes major case studies of private provision of public goods. Among the goods considered are lighthouse services, education, municipal services, and environmental conservation.

Public Goods and Market Failures

Public Goods and Market Failures PDF Author: Tyler Cowen
Publisher: Transaction Publishers
ISBN: 9781412832380
Category : Business & Economics
Languages : en
Pages : 394

Book Description
Assertions of market failure are usually based on Paul Samuelson's theory of public goods and externalities. This book both develops that theory and challenges the conclusion of many economists and policy-makers that market failures cannot be corrected by market forces. The volume includes major case studies of private provision of public goods. Among the goods considered are lighthouse services, education, municipal services, and environmental conservation.

Examining the Relationship Between Economics and Philosophy

Examining the Relationship Between Economics and Philosophy PDF Author: Akansel, Ilkben
Publisher: IGI Global
ISBN: 1799810399
Category : Business & Economics
Languages : en
Pages : 338

Book Description
In today’s data-driven world, certain infrastructures of society have begun to lose their anthropological traits. Economics, specifically, has started placing importance on quantity over quality, excluding its philosophical perspective. Scientists and associates of economics need to be reacquainted with the psychological aspect of commerce and its significance to humanity. Examining the Relationship Between Economics and Philosophy is an essential reference source that discusses the psychological view of economics as well as its philosophical background. Featuring research on topics such as cognitive science, neoliberalism, and neuroeconomics, this book is ideally designed for scientists, economists, managers, executives, academicians, researchers, and students seeking coverage on the philosophy of the financial system and its impact on competitive markets.

The Theory of Market Failure

The Theory of Market Failure PDF Author: Tyler Cowen
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 400

Book Description
"Co-published by arrangement with the Cato Institute"--T.p. verso. Includes bibliographies.

Public Goods and Externalities Agri-environmental Policy Measures in Selected OECD Countries

Public Goods and Externalities Agri-environmental Policy Measures in Selected OECD Countries PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264239820
Category :
Languages : en
Pages : 104

Book Description
Agriculture is a provider of commodities such as food, feed, fibre and fuel, and it can bring both positive and negative impacts on the environment. Yet most policy measures target farm systems, inputs and practices and agricultural infrastructure (driving forces) rather than the provision of ...

Public Goods, Sustainable Development and the Contribution of Business

Public Goods, Sustainable Development and the Contribution of Business PDF Author: Roland Bardy
Publisher: Cambridge Scholars Publishing
ISBN: 1527566250
Category : Business & Economics
Languages : en
Pages : 332

Book Description
This book provides an expansive review of the public goods theme and highlights the inherent linkage between sustainable development and corporate responsibility for improving the current and future welfare of communities both at home and abroad. The main proposition here is that sustainable development is focused on preserving and maintaining public goods. Consequently, whoever uses public goods is liable for their preservation, their maintenance, and, where they are underdeveloped, for their expansion. Successful delivery, both now and in the future, depends on a positive relationship of the public sector with the private sector. This book will serve to stimulate discussions of scholars and policy makers in the field of sustainable development with business leaders, and will close the gap between the public and the private sectors by building a common understanding and common methodologies for implementing and measuring sustainable development in the macro- and the micro-spheres.

The Demand and Supply of Public Goods

The Demand and Supply of Public Goods PDF Author: James M. Buchanan
Publisher:
ISBN: 9780865972216
Category : Business & Economics
Languages : en
Pages : 202

Book Description
Public-goods theory constituted a major element in James M. Buchanan’s research agenda throughout the 1960s. The Demand and Supply of Public Goods is a major part of that work. At the time that Buchanan was elaborating on his theories of public goods, the prevailing trend in public economics was the emergence of public-expenditure theory, which attempted to form a comprehensive theory of the state around the notion of market failure. The Demand and Supply of Public Goods established Buchanan’s broad purpose of explicitly comparing market performance with political performance. As such, the book is an important part of Buchanan’s contractarian theory of the "productive state.” Conceived originally as a series of lectures given at Cambridge University in 1961 and 1962, The Demand and Supply of Public Goods is written for students, but is in no way a textbook of dry pedagogy. Instead, as Geoffrey Brennan writes in the foreword, "What Buchanan provides here is a clear statement of the contractarian approach to public goods problems, very much in the 'voluntary exchange’ tradition of Wicksell and Lindhal.” James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century. The entire series will include: Volume 1: The Logical Foundations of Constitutional Liberty Volume 2: Public Principles of Public Debt Volume 3: The Calculus of Consent Volume 4: Public Finance in Democratic Process Volume 5: The Demand and Supply of Public Goods Volume 6: Cost and Choice Volume 7: The Limits of Liberty Volume 8: Democracy in Deficit Volume 9: The Power to Tax Volume 10: The Reason of Rules Volume 11: Politics by Principle, Not Interest Volume 12: Economic Inquiry and Its Logic Volume 13: Politics as Public Choice Volume 14: Debt and Taxes Volume 15: Externalities and Public Expenditure Theory Volume 16: Choice, Contract, and Constitutions Volume 17: Moral Science and Moral Order Volume 18: Federalism, Liberty, and the Law Volume 19: Ideas, Persons, and Events Volume 20: Indexes

The Theory of Externalities, Public Goods, and Club Goods

The Theory of Externalities, Public Goods, and Club Goods PDF Author: Richard Cornes
Publisher: Cambridge University Press
ISBN: 9780521477185
Category : Business & Economics
Languages : en
Pages : 620

Book Description
This book presents an updated and expanded discussion of theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods.

Government Failure Versus Market Failure

Government Failure Versus Market Failure PDF Author: Clifford Winston
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 154

Book Description
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.

Advancing Public Goods

Advancing Public Goods PDF Author: Jean-Philippe Touffut
Publisher: Edward Elgar Publishing
ISBN: 1847201849
Category : Business & Economics
Languages : en
Pages : 185

Book Description
This is a timely and thought-provoking book which brings the discussion of public goods to confront the contemporary world economy where such goods have often a global nature and require super-national provision and control. Giovanni Dosi, St Anna School of Advanced Studies, Pisa, Italy In this wide-ranging selection of papers, distinguished economists, public policy advisers and political theorists contribute to the debate on public goods. The studies cover topics in the conceptualization, classification and stratification of public goods. Also examined are public institutional design, global economic institutions and partnership typologies. Individual papers address the financing, regulatory, organizational and legal aspects relating to services of general interest in Europe. The dynamics of global public good production, including monopolies, patents, scientific uncertainty and market failures, are discussed. Empirical research on the state, profit and non-profit sectors is presented. Providing numerous examples of specific public goods, the contributions also highlight the impact of macroeconomic policies on provision. The book presents a broad diversity of new approaches to global public goods within the framework of mixed economies, beyond the standard economic analysis of public services. Academics, researchers and policymakers in the area of global public goods and services will find this volume of great interest.

Why Democracy Needs Public Goods

Why Democracy Needs Public Goods PDF Author: Angela Kallhoff
Publisher: Lexington Books
ISBN: 0739168002
Category : Philosophy
Languages : en
Pages : 174

Book Description
Why Democracy Needs Public Goods provides arguments for a new theoretical perspective in favor of public goods. Kallhoff details the benefits of public goods for any democratic state: they contribute to social inclusion, help generate the public forum, and foster national identity. These arguments are supplemented by reconsidering major counter-arguments against this approach, both from political theory and from theories on public finance. Political philosophers, political theorists, and political economists will benefit most from this perspective.