This important book offers a comprehensive defence of classical
liberalism against contemporary challenges. It sets out an
analytical framework of 'robust political economy' that explores
the economic and political problems that arise from the phenomena
of imperfect knowledge and imperfect incentives. Using this
framework, the book defends the classical liberal focus on markets
and the minimal state from the critiques presented by 'market
failure' economics and communitarian and egalitarian variants of
political theory. Mark Pennington expertly applies the lessons
learned from responding to these challenges in the context of
contemporary discussions surrounding the welfare state,
international development, and environmental protection. Written in
an accessible style, this authoritative book would be useful for
both undergraduate and graduate students of political economy and
public policy as a standard reference work for classical liberal
analysis and a defence of its normative prescriptions. The book's
distinctive approach will ensure that academic practitioners of
economics and political science, political theory and public policy
will also find its controversial conclusions insightful. Contents:
1. Introduction: Classical Liberalism and Robust Political Economy;
Part I: Challenges to Classical Liberalism; 2. Market Failures
'Old' and 'New': The Challenge of Neo-Classical Economics; 3. Exit,
Voice and Communicative Rationality: The Challenge of
Communitarianism I; 4. Exit, Trust and Social Capital: The
Challenge of Communitarianism II; 5. Equality and Social Justice:
The Challenge of Egalitarianism; Part II: Towards the Minimal
State; 6. Poverty Relief and Public Services: Welfare State or
Minimal State?; 7. Institutions and International Development:
Global Governance or the Minimal State?; 8. Environmental
Protection: Green Leviathan or the Minimal State?; 9. Conclusion;
Bibliography; Index
General
| Imprint: |
Edward Elgar Publishing Ltd
|
| Country of origin: |
United Kingdom |
| Series: |
New Thinking in Political Economy series |
| Release date: |
December 2010 |
| Authors: |
Mark Pennington
|
| Dimensions: |
234 x 156mm (L x W) |
| Format: |
Hardcover
|
| Pages: |
320 |
| ISBN-13: |
978-1-84542-621-7 |
| Categories: |
Books >
Business & Economics >
Economics >
Political economy
Promotions
|
| LSN: |
1-84542-621-5 |
| Barcode: |
9781845426217 |
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