State and market : the politics of the public and the private

Bibliographic Information

State and market : the politics of the public and the private

edited by Jan-Erik Lane ; sponsored by the European Consortium for Political Research/ECPR

(Sage modern politics series, v. 9)

Sage Publications, c1985

  • : hard
  • : pbk

Available at  / 37 libraries

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Includes bibliographies and index

Description and Table of Contents

Description

The classic dilemma of the mixed economy is to strike a balance between the public and private sectors of the economy. This book is an exploration of the dilemma as it exists in the 1980s and the policies available to influence the balance. The volume poses the problem in terms of how to optimize welfare by the use of the allocative mechanisms of public policy and private markets. While identifying decision criteria for the demarcation of public and private sectors, State and Market sheds new light on the ways in which the two sectors interact. The boundaries that have been drawn between state and market receive a reassessment in the light of phenomena such as structured markets, competitive bureaucracies and underground economies. An important contribution of the book is a discussion of the decision criteria applicable to choices bearing on the size of the public sector and the inclusion in the public choice process of efficiency promoting mechanisms. Theories advanced to explain public sector growth are set forth and the significance of cultural variables is explained. The book makes a valuable contribution to the important area of public policy and the mixed economy and will be of interest to political scientists and political economists.

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