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Trade-Offs (Paperback, 2 Revised Edition)
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Trade-Offs (Paperback, 2 Revised Edition)
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When economists wrestle with issues such as unemployment,
inflation, or budget deficits, they do so by incorporating an
impersonal, detached mode of reasoning. But economists also analyze
issues that, to others, typically do not fall within the realm of
economic reasoning, such as organ transplants, cigarette addiction,
overeating, and product safety. "Trade-Offs" is an introduction to
the economic approach to analyzing these controversial public
policy issues. Harold Winter provides readers with the analytical
tools needed to identify and understand the trade-offs associated
with these topics. By considering both the costs and benefits of
potential policy solutions, Winter stresses that real-world
decision making is best served by an explicit recognition of as
many trade-offs as possible. This new edition incorporates recent
developments in policy debates, including the rise of "new
paternalism," or policies designed to protect people from
themselves; alternative ways to increase the supply of organs
available for transplant; and economic approaches to controlling
infectious disease.
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