A textbook that examines how societies reach decisions about the use and allocation of economic resources
While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society's sense of fairness?
Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more.
Markets, State, and People offers a new way of approaching public economics.
A focus on markets and institutions
Policy ideas in historical context
Real-world examples
How economic theory helps policymakers tackle dilemmas and choices
作者简介
黛安·科伊尔是剑桥大学首任贝内特公共政策教授。她是英国经济顾问委员会和自然资本委员会的成员,也是英国UK Council of Economic的成员。她的著作包括《国内生产总值:一段简短而深情的历史》和《足够的经济学》(均来自普林斯顿)。
Diane Coyle is the inaugural Bennett Professor of Public Policy at the University of Cambridge. She is a member of the UK Council of Economic Advisers and the Natural Capital Committee, as well as a Fellow of the Office for National Statistics. Her books include GDP: A Brief but Affectionate History and The Economics of Enough (both Princeton).
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