|
Showing 1 - 11 of
11 matches in All Departments
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
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
"Planning and the Political Market" argues that the enthusiasm for
planning as an essential component of environmental protection is
misplaced. Drawing on the experience of Britain and other Western
democracies, the author uses public choice to explore the practical
experience of land use planning as an example of government
failure. The book opens by outlining the institutional focus of
public choice theory, examining the central questions of market and
government failure and the theoretical case for government
intervention in the environment. Having explored the principal
impact of planning the book goes on to analyze the institutional
structures which have produced these policy outcomes. The analysis
suggests that institutional incentives within the "political
market" have frequently led to policies which favour special
interest groups and public sector bureaucracy. The book concludes
with an assessment of the potential for a private property rights,
free market alternative to increase community involvement and
access.
Planning and the Political Market argues that the enthusiasm for
planning as an essential component of environmental protection is
misplaced. Drawing on the experience of Britain and other Western
democracies, the author uses public choice theory to explore the
practical experience of land use planning as an example of
government failure. The book opens by outlining the institutional
focus of public choice theory, examining the central questions of
market and government failure and the theoretical case for
government intervention in the environment. Having explored the
principal impacts of planning the book goes on to analyse the
institutional structures which have produced these policy outcomes.
The analysis suggests that institutional incentives within the
'political market' have frequently led to policies which favour
special interest groups and public sector bureaucracy. The book
concludes with an assessment of the potential for a private
property rights, free market alternative to increase community
involvement and access.
This book examines the complex relationships between social
capital, markets and democracy. It argues that participation in
markets positively enriches and enhances the stock of social
capital, while, conversely, democratic politics may undermine it by
facilitating divisive rent-seeking by special interest groups.
The author explains why government and bureaucratic attempts at
environmental protection have failed and argues that to safeguard
the countryside we need to restore private property rights.
|
You may like...
Sweet
Yotam Ottolenghi, Helen Goh
Hardcover
(1)
R900
R702
Discovery Miles 7 020
|