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The Political Economy of Economic Policies (Hardcover)
Loot Price: R3,023
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The Political Economy of Economic Policies (Hardcover)
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An examination of the future of economic policy in the next
millennium, assessing the reasons for the shift to a more sceptical
view of the role of government given the power of the financial
markets and the impact of globalization. These contributions from
within the political economy tradition emphasise the important
lessons from the past about the varieties of forms of capitalism,
the importance of public institutions and public policy and the
limitations of the rival laissez-faire approach. The dangers of an
unregulated and powerful financial sector for the real side of the
economy are a particular focus of attention. Proposals to rectify
the shortcomings of financial markets and shift the focus of policy
to a greater concern for the poor and excluded are put forward. The
message to the economic policy-makers of the future is that markets
perform valuable economic and social functions, but perform these
better when appropriately regulated and controlled.
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