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This volume explores, both in theory and in practice, what "social
coordination" is and how public policies can help or hinder the
processes of social coordination. In particular, these chapters
examine the institutional incentives that motivate public policy
decisions and their implementation to achieve specific individual
and social goals. Some chapters in this volume are more
theoretical, applying insights from the Austrian, Virginia, and
Bloomington schools of political economy to public policy issues.
Other chapters are more practical, exploring the broader
implications of these theories to real-world public policy puzzles.
Authored by individuals from a variety of disciplines with diverse
interests in public policy, this work includes discussions of
topics such as environmental policy, housing policy, and education
policy, among others. A unifying theme across the chapters is that
policymakers often advise one-size-fits-all solutions to
complicated public policy questions but ignore the multitude of
incentives faced by the "players of the game" and the subsequent
development of diverse forms of social coordination. Social
coordination is often left out public policy analysis but is
crucial to the success of informal and formal institutional
arrangements. The chapters aim to disentangle these issues of
social coordination in public policy in theory and practice.
Institutions and Incentives in Public Policy: An Analytical
Assessment of Non-Market Decision-Making explores, both in theory
and in practice, the consequences of using public policy as a tool
to achieve specific individual and social goals, as well as its
impact on private solutions to address such goals. The chapters
examine the institutional incentives that operate in non-market
settings, both governmental and non-governmental, using the
theoretical frameworks of market process theory and public choice
theory, they analyze a diverse set of contemporary public policy
issues at both the domestic and international levels. Authored by
individuals from a variety of disciplines with diverse interests in
public policy, this work includes discussions of topics, such as
foreign aid, education policy, environmental policy, health care
policy, and the construction of private cities. This volume is
relevant to scholars, students, policymakers, and knowledgeable
citizens interested in the study of economics, political science,
public policy, as well as those interested in particular policies
rather than specific disciplines.
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