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The Economics of Edwin Chadwick - Incentives Matter (Hardcover)
Loot Price: R3,145
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The Economics of Edwin Chadwick - Incentives Matter (Hardcover)
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Donate to Against Period Poverty
Total price: R3,165
Discovery Miles: 31 650
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Sir Edwin Chadwick (1800-1890) is hardly a household name among
economists, although he is a well-known hero to sanitation
engineers and utilitarian social reformers. His brilliant and
cunning ideas relating to contemporary economic policy are
illuminated for the first time in this pioneering study. The
authors detail Chadwick's sophisticated conceptions of moral
hazard, common pool problems, asymmetric information, and theory of
competition, all of which differ starkly from those promulgated by
Adam Smith and other classical economists. Also examined are
Chadwick's views on government versus market role in dealing with
problems created by natural monopoly, and whether some or all
market problems justify government regulation or alterations of
property rights. The authors investigate Chadwick's utilitarian
approach to labor, business cycles, and economic growth,
contrasting his modern view with those of his classical economic
contemporaries. Chadwick's enormous output and cutting-edge methods
undoubtedly establish him as an original and trenchant thinker in
economic matters as well as a prophetic voice on contemporary
issues in economics. This unique look at his less familiar research
will interest academic regulatory economists, sociologists,
students and scholars of law and economics, and all those
interested in the fundamentals of social reform.
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