One of the most important functions of government--risk
management--is one of the least well understood. Moving beyond the
most familiar public functions--spending, taxation, and
regulation--"When All Else Fails" spotlights the government's
pivotal role as a risk manager. It reveals, as never before, the
nature and extent of this governmental function, which touches
almost every aspect of economic life.
In policies as diverse as limited liability, deposit insurance,
Social Security, and federal disaster relief, American lawmakers
have managed a wide array of private-sector risks, transforming
both the government and countless private actors into insurers of
last resort. Drawing on history and economic theory, David Moss
investigates these risk-management policies, focusing in particular
on the original logic of their enactment. The nation's lawmakers,
he finds, have long believed that pervasive imperfections in
private markets for risk necessitate a substantial government role.
It remains puzzling, though, why such a large number of the
resulting policies have proven so popular in a country famous for
its anti-statism. Moss suggests that the answer may lie in the
nature of the policies themselves, since publicly mandated risk
shifting often requires little in the way of invasive bureaucracy.
Well suited to a society suspicious of government activism, public
risk management has emerged as a critical form of government
intervention in the United States.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(1)
(1)
