Public Governance and the Classical-Liberal Perspective - Political Economy Foundations (Hardcover)

Classical liberalism entails not only a theory about the scope of government and its relationship with the market but also a distinct view about how government should operate within its proper domain of public choices in non-market settings. Building on the political economy principles underpinning the works of diverse authors such as Friedrich Hayek, James Buchanan and Vincent and Elinor Ostrom, this book challenges the technocratic-epistocratic perspective in which social goals are defined by an aggregated social function and experts simply provide the means to attain them. The authors argue that individualism, freedom of choice, and freedom of association have deep implications on how we design, manage and assess our public governance arrangements. The book examines the knowledge and incentive problems associated with bureaucratic public administration while contrasting it with democratic governance. Aligica, Boettke, and Tarko argue that the focus should be on the diversity of opinions in any society regarding "what should be done" and on the design of democratic and polycentric institutions capable of limiting social conflicts and satisfying the preferences of as many people as possible. They thus fill a large gap in the literature, the public discourse, and the ways decision makers understand the nature and administration of the public sector.

General

Imprint:	Oxford UniversityPress
Country of origin:	United States
Release date:	May 2019
Authors:	Paul Dragos Aligica (Senior Fellow, F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics) • Peter J. Boettke (Professor of Economics and Philosophy, George Mason University, and BB&T Professor for the Study of Capitalism and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics) • Vlad Tarko (Assistant Professor, Department of Political Economy and Moral Services)
Dimensions:	239 x 161 x 23mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	288
ISBN-13:	978-0-19-026703-2
Categories:	Books > Business & Economics > Economics > Political economy
LSN:	0-19-026703-8
Barcode:	9780190267032

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