Institutional analysis and economic policy
Author(s)
Bibliographic Information
Institutional analysis and economic policy
Kluwer Academic Publishers, c2003
Available at 17 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
Note
Includes index
Description and Table of Contents
Description
The purpose of this volume is to demonstrate how contemporary institutional economic analysis can be applied to the resolution of economic problems. All of the essays in this book challenge the conventional wisdom in the problem areas addressed. They advocate policy positions that often run contrary to views widely held by academic economists and policy makers alike. The general literature of institutional economics is unorthodox, beginning with its methodological foundations and continuing through the kind of policy analysis found in these pages. The orthodox tradition in economics is commonly characterized as "neoclassical economics." Neoclassical economics fosters the myth that only "the market" can efficiently allocate a society's economic resources and equitably distribute its income. It provides the intellectual defense for in which "free markets" are championed over democratic capitalist ideology policy formation, which it contends is neither efficient nor equitable. For both professional economists and policy makers of a conservative political persuasion, neoclassical economics writes the script for a morality play in which the market is the "good guy" and the government is the "bad guy." As such, it undermines the belief that free societies can enhance economic welfare through the use of democratic processes in the formulation of economic policies.
Table of Contents
- Lists of Figures, Tables, Graphs. List of Contributors. Preface. I: 1. Foundational concepts for Institutionalist Policy
- P.D. Bush, M.R. Tool. II: 2. An Institutionalist View of Fiscal Policy
- P.A. Klein. 3. Monetary Policy: An Institutionalist Approach
- L.R. Way. Progressive Tax Policies
- P.S. Fisher. III: 5. Promoting Economic Equity: The Basic Income Approach
- C.M.A. Clark. 6. Welfare Reform
- J. Peterson. 7. Universal Health Care in the United States: Analysis and Proposals
- M. Keaney. 8. Social Security: Truth or Convenient Fictions?
- L.R. Wray. IV: 9. Competing Perspectives on Economic Power and Accountability
- E.S. Miller. 10. Market Failure in Public Utility Industries: An Institutionalist Critique of Deregulation
- H.M. Trebing. 11. The Abuse of Economic and Financial Power in the New Economy: Historical Patterns in the Creation of Modern Remedies
- M.F. Sheehan. V: 12. Toward Developmental Curriculum Reform: Teach What? To Whom? Why?
- B. Ranson 13. Policies to Provide Non-invidious Employment
- D.M. Figart. 14. Policy Implications of the New Information Economy
- W.H. Melody. VI: 15. An Institutionalist Perspective on Environmental Goal Setting
- K. Stephenson. 16. Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials
- F.G. Hayden. VII: 17. Globalization: An Institutionalist Perspective
- G. Parker Foster. 18. Global Industrial Policies
- W. Elsner. 19. Recent Tendencies in Developmental Economics: Bringing Institutions Back in
- J.M. Cypher. About the Authors. Index.
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