This book examines collective choice economics-a mix of applied welfare economics and public choice analysis. It considers both the conservative insight that government intervention is often worse and the liberal view that efficiency and justice are sometimes best served by intervention.
This book examines collective choice economics-a mix of applied welfare economics and public choice analysis. It considers both the conservative insight that government intervention is often worse and the liberal view that efficiency and justice are sometimes best served by intervention.
Part 1 Collective choice and the public interest - introduction efficiency and equity as reasons for collective action. Part 2 Market failure and the rationale for public intervention: markets - will they be efficient?, will they be fair? Part 3 The spectrum of collective choice - voluntary solutions to market failure direct (participatory) government legislative government I legislative government II administrative government I administrative government II federated government.
Part 1 Collective choice and the public interest - introduction efficiency and equity as reasons for collective action. Part 2 Market failure and the rationale for public intervention: markets - will they be efficient?, will they be fair? Part 3 The spectrum of collective choice - voluntary solutions to market failure direct (participatory) government legislative government I legislative government II administrative government I administrative government II federated government.
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