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Books > Social sciences > Politics & government > Central government > Central government policies
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Better Living through Economics (Paperback)
Loot Price: R735
Discovery Miles 7 350
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Better Living through Economics (Paperback)
Expected to ship within 12 - 19 working days
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Better Living Through Economics consists of twelve case studies
that demonstrate how economic research has improved economic and
social conditions over the past half century by influencing public
policy decisions. Economists were obviously instrumental in
revising the consumer price index and in devising auctions for
allocating spectrum rights to cell phone providers in the 1990s.
But perhaps more surprisingly, economists built the foundation for
eliminating the military draft in favor of an all-volunteer army in
1973, for passing the Earned Income Tax Credit in 1975, for
deregulating airlines in 1978, for adopting the welfare-to-work
reforms during the Clinton administration, and for implementing the
Pension Reform Act of 2006 that allowed employers to automatically
enroll employees in a 401(k). Other important policy changes
resulting from economists' research include a new approach to
monetary policy that resulted in moderated economic fluctuations
(at least until 2008!), the reduction of trade impediments that
allows countries to better exploit their natural advantages, a
revision of antitrust policy to focus on those market
characteristics that affect competition, an improved method of
placing new physicians in hospital residencies that is more likely
to keep married couples in the same city, and the adoption of
tradable emissions rights which has improved our environment at
minimum cost.
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