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The Failure of Markets - Energy, Housing and Health
Loot Price: R1,227
Discovery Miles 12 270
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The Failure of Markets - Energy, Housing and Health
Series: Routledge Frontiers of Political Economy
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Total price: R1,247
Discovery Miles: 12 470
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The core thesis of this book is that the major economic issues of
renewable energy, housing, health and income disparities could best
be addressed through direct government "in kind" production and
redistributive measures. It is argued that this governmental "in
kind" production of essential needs would allow a rapid movement
towards solutions that the market cannot possibly match. The market
works through indirect means. So, it is no mystery why in the areas
of energy, housing and health, problems are not only formidable but
in many respects are getting worse. In contrast, governmental "in
kind" production would be direct. Outcomes could be explicitly
planned and managers would be publicly accountable. This shift in
production should be accompanied by redistributive measures through
higher taxes on corporations and the rich and the possible adoption
of monetary policies in line with Modern Monetary Theory (MMT).
Relatedly, the book demonstrates that the current lack of
imaginative solutions results from a paralysis of imagination,
rooted deeply in nineteenth century liberalism that held that the
market was to serve all issues. A progressive agenda today needs to
separate out "needs" from "wants" and to engage government
production in the service of collectivist needs. "In kind"
production would infuse a democratic component within the economy.
The last chapter of the book also deals with how the ideology of
neoliberalism blocks even the contemplation of governmental
production in the service of people’s needs. This accessible work
will be of significant interest to anyone seeking original
solutions to age-old problems, particularly readers of public
policy, heterodox economics, progressive politics and MMT. More
generally, it is of interest to scholars
General
Imprint: |
Taylor & Francis
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Country of origin: |
United Kingdom |
Series: |
Routledge Frontiers of Political Economy |
Release date: |
September 2023 |
Authors: |
Craig Allan Medlen
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Dimensions: |
234 x 156mm (L x W) |
Pages: |
122 |
ISBN-13: |
978-1-03-219244-4 |
Categories: |
Books
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LSN: |
1-03-219244-5 |
Barcode: |
9781032192444 |
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