Efficiency Distribution And The Role Of Government In A Market Economy PDF Download
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Author | : Paul E. Feldman |
Publisher | : |
Total Pages | : 23 |
Release | : 1969 |
Genre | : Income distribution |
ISBN | : |
Download Efficiency, Distribution, and the Role of Government in a Market Economy Book in PDF, ePub and Kindle
For years economists have been struggling with the problem of evaluating the benefits of government expenditures. They invariably conclude that the redistributive effects of government taxation and expenditures require the application of some ethical standard, an act which they recognize to be outside the realm of economic analysis. Economic analysis can be used, however, to demonstrate the implications of adopting any ethic. This paper assesses the implications of the ethical rule that newly created property should be distributed according to the marginal productivity of factors. The conclusion is reached that wherever market imperfections are found, government should act to correct the imperfections. Such actions may result in transferring income from the rich to the poor (to internalize externalities) as well as driving all markets to their competitive equilibria. However, all government actions must be evaluated in terms of securing distributive justice rather than in terms of allocational efficiency or national income. (Author).
Author | : |
Publisher | : |
Total Pages | : 196 |
Release | : 2008 |
Genre | : Budget |
ISBN | : |
Download The Budget and Economic Outlook Book in PDF, ePub and Kindle
Author | : Jan-Erik Lane |
Publisher | : A&C Black |
Total Pages | : 362 |
Release | : 2002-01-01 |
Genre | : Political Science |
ISBN | : 9780826454928 |
Download Government and the Economy Book in PDF, ePub and Kindle
Globalization is a common theme in the discourse of post-industrial society, yet it is a process that is ill understood. Is it basically a technological phenomenon or does its immense impulse derive from economic factors? Should it be regulated by government, and at what level? Questions such as these are debated continuously in the mass media, yet there are no simple answers available, as globalization is not only an amporphous but also a contested phenomenon.Government and the Economy is a completely reworked edition of Jan-Erik Lane and Svante Ersson's popular text Comparative Political Economy, which the authors have updated for the twenty-first century. They present a profound analysis of how globalization changes the boundaries between state and market, public and private, and government and society. When the state retreats and markets expand, what are the major outcomes? And what is driving this process of redefining the roles of government and the tasks of society?The book offers a penetrating survey of the differences between the countries of the world in terms of their economy and polity, and a forceful critique of the prevailing models in political economy. Lane and Ersson look closely at Public Choice theories which emphasize the role of markets in accomplishing efficient solutions to human interaction while modeling governments as enhancing state failure. They argue that such accounts are misguided. The need for govenment in the global market economy is as strong as it is in relation to the domestic economy. They go on to suggest that the most efficient and equitable means of strengthening government in the global market place, without creating one-world government, is the reform and empowerment of IGOs.
Author | : Nancy Birdsall |
Publisher | : World Bank Publications |
Total Pages | : 43 |
Release | : 1990 |
Genre | : Desarrollo social |
ISBN | : |
Download Efficiency and Equity in Social Spending Book in PDF, ePub and Kindle
In most countries it is easy to identify reallocations of public spending for social programs that would improve efficiency and simultaneously improve the distribution of income and better serve the poor. The authors suggest why these reallocations are difficult but not impossible to bring about.
Author | : José Luis Gómez-Barroso |
Publisher | : Routledge |
Total Pages | : 225 |
Release | : 2021-09-12 |
Genre | : Business & Economics |
ISBN | : 1000432890 |
Download Public Economics Book in PDF, ePub and Kindle
Public Economics: A Concise Introduction provides a concise and non-technical overview of the role of government in the economy. Using the questions ‘why?’, ‘what for?’ and ‘how?’, the text initially surveys the place of the public sector in a market economy. It then considers the possible reasons which could justify government involvement. Next, the book examines the aims of state economic activity, and the instruments which a government has at its disposal. Lastly, the final chapter provides an illuminating tour of economic history and history of economic thought in relation to government economic activity. The book offers an international focus throughout, with examples taken from all over the globe. Readers are supported with a range of pedagogical features, including example boxes, chapter objectives and summaries, and end-of-chapter multiple choice and reflection questions. Public Economics: A Concise Introduction will be a valuable text for students on courses in public economics, welfare economics, public finance, public policy and related areas.
Author | : Yining Li |
Publisher | : Springer |
Total Pages | : 193 |
Release | : 2014-09-16 |
Genre | : Political Science |
ISBN | : 366244254X |
Download Beyond Market and Government Book in PDF, ePub and Kindle
This book explores how moral factors exert influence on economy from an economic and philosophical point of view. The book takes an in-depth look at topics such as efficiency and coordination, fairness and identification, law and self-discipline and the third distribution, which have long been the focus of public attention. As expounded in this book, in places where regulation by market or government does work, there are still some gaps that the two modes of regulation cannot reach owing to the limitations of their influence. Each does compensate for the other’s limitations, but only up to a point. The gap can only be filled by custom and morality. In this sense, regulation by custom and morality can be viewed as a regulatory mode beyond market and government. In a market economy, market regulation of resource allocation as a basic mode can be called “primary regulation” and government regulation, as a high-level mode, “secondary regulation.” Regulation that relies on the force of custom and morality, a regulation beyond market and government, can be called “the third regulation.” A variety of causes can give rise to market failure or government paralysis, rendering regulation by market or government ineffective or extremely limited. But even in such circumstances, custom and morality still exist and continue working as normal. What affects resource allocation, socio-economic operations and living standards is not just the power of market or government, but that of custom and morality. This book is one of the three published writings that best reflect Professor Li Yining’s academic standpoint. Although written in economic language, the book also incorporates sociology, history and philosophy and will help the reader make better judgment calls in the face of changing market conditions and economic policies.
Author | : Paul de Grauwe |
Publisher | : Oxford University Press |
Total Pages | : 182 |
Release | : 2017 |
Genre | : Capitalism |
ISBN | : 0198784287 |
Download The Limits of the Market Book in PDF, ePub and Kindle
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 | : Warren J. Samuels |
Publisher | : Praeger |
Total Pages | : 288 |
Release | : 1989-09-11 |
Genre | : Business & Economics |
ISBN | : |
Download Fundamentals of the Economic Role of Government Book in PDF, ePub and Kindle
This study brings an original slant to the complex and much-debated question of the proper role of government in the economic sphere. Representing a broad range of disciplinary and ideological approaches, the authors identify and explore the most fundamental propositions concerning the economic role of government, as well as the generalizations, major themes, and conclusions that can be drawn from them. The essays focus on the deep levels of political and economic organization and on the values and underlying assumptions that are the bases of the institution of government. Written by a distinguished group of specialists, the work approaches the issue multidimensionally--from the standpoint of social science, history, law, and philosophy. Not mere ideological exercises, the essays focus on the deep levels of political and economic organization and on the values and underlying assumptions that are the bases of the institution of government. Connections between the government's economic role and ideology, free enterprise, power politics, and group interests are considered together with the constitutional implications of governmental economic powers. Other issues addressed include the changing economic role of government, contradictions and ambiguities in the government's economic functions, rules governing economic activity, and the role of economists in government. Providing a diversity of viewpoints and a wealth of fresh insights, this book can be used in graduate and undergraduate courses in economics, political science, philosophy, and law, and will appeal to the informed general worker.
Author | : Hans-Jürgen Wagener |
Publisher | : Springer Science & Business Media |
Total Pages | : 237 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642997686 |
Download On the Theory and Policy of Systemic Change Book in PDF, ePub and Kindle
Between 1989 and 1992 three colloquia on transformation problems were held at the Ludwig-Reimers-Stiftung, Bad Homburg. At the end of the 1980s the collapse of the Soviet-type socialist economic system had become clear and, hence, the necessity to transform these systems into an entirely different eco nomic order. Similar processes have happened and still happen in other his torical constellations, for instance in developing countries. It has been the aim of the Transformation Colloquium to gain more theoretical insight into these phenomena. The object of research has been transformation defined as transition from a given economic order (socialist planned economy e.g.) to a consistent new or der (market economy). This is a highly complex phenomenon which occurred, above all, during the 20th century: introduction and abolition of socialist sys tems, transition from war economies to peace-time market economies. Histori cal experience allows perhaps for certain generalizing abstractions. The central problem discussed at all (up to now) three colloquia is the question whether the object is amenable for theoretical analysis and which approaches eventually are promising.
Author | : Fouad Sabry |
Publisher | : One Billion Knowledgeable |
Total Pages | : 318 |
Release | : 2024-02-10 |
Genre | : Business & Economics |
ISBN | : |
Download Market Economy Book in PDF, ePub and Kindle
What is Market Economy A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Market economy Chapter 2: Capitalism Chapter 3: Economic calculation problem Chapter 4: Free market Chapter 5: Mixed economy Chapter 6: Private property Chapter 7: Laissez-faire Chapter 8: Economic interventionism Chapter 9: Social market economy Chapter 10: Economic system Chapter 11: Criticism of socialism Chapter 12: Anglo-Saxon model Chapter 13: Lange model Chapter 14: Economic planning Chapter 15: Economic ideology Chapter 16: Production for use Chapter 17: Perspectives on capitalism by school of thought Chapter 18: Social ownership Chapter 19: Market socialism Chapter 20: Socialist economics Chapter 21: Socialist calculation debate (II) Answering the public top questions about market economy. (III) Real world examples for the usage of market economy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Market Economy.