ISBN:
9781461502616
Language:
English
Pages:
Online-Ressource (XV, 598 p)
,
online resource
Edition:
Springer eBook Collection. Humanities, Social Sciences and Law
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Parallel Title:
Erscheint auch als
Keywords:
Social sciences
;
Economic policy
;
Political science.
Abstract:
This is a book on economic policy that takes the role of democracy seriously. It challenges the conventional wisdom espoused by leaders of both major political parties in the US, and increasingly by leaders of other nations, that markets and not democratic policy formation should determine the legitimate role of private interests in the conduct of the economy. The authors of the essays in this book reject the mainstream neoclassical view that the market should rule "über alles." Examining the problems existing in a number of crucial areas of economic policy, they demonstrate the inadequacy of orthodox view that markets can generate economic welfare without the guidance of democratically formulated economic policies. Using the principles of the original institutional economics (OIE), they fashion long-term strategies for the formation of economic policies that can accommodate institutional changes necessary to meet the ever-changing circumstances faced by nations in a global economy. The editors, Tool and Bush, have assembled a group of scholars with special expertise in the problems they address. In each instance they offer original insights into issues that many in the mainstream had thought were settled. The analysis and policy proposals of the essays in this book do not defer to the dominant vested interests in industry, academe, or government. The views expressed are fresh, candid, and break out of the ideological boxes that have for so long encapsulated public debates on economic policies
Description / Table of Contents:
I1 Foundational Concepts for Institutionalist Policy Making -- II -- 2 An Institutionalist View of Fiscal Policy -- 3 Monetary Policy: An Institutionalist Approach -- 4 Progressive Tax Policies -- III -- 5 Promoting Economic Equity: The Basic Income Approach -- 6 Welfare Reform -- 7 Universal Health Care in the United States: Analysis and Proposals -- 8 Social Security: Truth or Convenient Fictions? -- IV -- 9 Competing Perspectives on Economic Power and Accountability -- 10 Market Failure in Public Utility Industries: An Institutionalist Critique of Deregulation -- 11 The Abuse of Economic and Financial Power in the New Economy: Historical Patterns in the Creation of Modern Remedies -- V -- 12 Toward Developmental Curriculum Reform: Teach What? To Whom? Why? -- 13 Policies to Provide Non-invidious Employment -- 14 Policy Implications of the New Information Economy -- VI -- 15 An Institutionalist Perspective on Environmental Goal Setting -- 16 Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials -- VII -- 17 Globalization: An Institutionalist Perspective -- 18 Global Industrial Policies -- 19 Recent Tendencies in Development Economics: Bringing Institutions Back In -- About the Authors.
DOI:
10.1007/978-1-4615-0261-6
URL:
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