Author: Price V. Fishback
Publisher: University of Chicago Press
ISBN: 0226251292
Category : Business & Economics
Languages : en
Pages : 634
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Book Description
The American economy has provided a level of well-being that has consistently ranked at or near the top of the international ladder. A key source of this success has been widespread participation in political and economic processes. In The Government and the American Economy, leading economic historians chronicle the significance of America’s open-access society and the roles played by government in its unrivaled success story. America’s democratic experiment, the authors show, allowed individuals and interest groups to shape the structure and policies of government, which, in turn, have fostered economic success and innovation by emphasizing private property rights, the rule of law, and protections of individual freedom. In response to new demands for infrastructure, America’s federal structure hastened development by promoting the primacy of states, cities, and national governments. More recently, the economic reach of American government expanded dramatically as the populace accepted stronger limits on its economic freedoms in exchange for the increased security provided by regulation, an expanded welfare state, and a stronger national defense.
Author: Mariana Mazzucato
Publisher: Penguin
ISBN: 0593656946
Category : Business & Economics
Languages : en
Pages : 313
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Book Description
Award-winning economist Mariana Mazzucato’s famously incisive international bestseller debunking the pervasive myth of the inept state versus an innovative private sector—with a new preface by the author According to conventional wisdom, innovation is best left to the bold entrepreneurs of the private sector, and government should get out of the way. But what if that wasn't case? What if, from the inventions of Silicon Valley to medical breakthroughs, the public sector has actually been the most courageous and valuable risk-taker of all? Critically acclaimed and influential thinker and scholar Mariana Mazzucato argues comprehensively against the myth of a lumbering, bureaucratic state versus a dynamic, innovative private sector with remarkable original and deep research. In a series of case studies—from nanotechnology to the emerging green tech of today—Mazzucato reveals that the opposite is true: the private sector only finds the courage to invest after an entrepreneurial state has made the high-risk investments. The Entrepreneurial State reveals how every technology that makes the iPhone so “smart” was actually funded by the government—from the Internet and GPS technology, to touch-screen displays and voice-activated Siri. In the history of modern capitalism, the State has not only fixed market failures, but has also actively shaped and created markets. In doing so, it sometimes wins and sometimes fails. Yet by not admitting the State’s role in active risk taking, we've created an "innovation system" where the public sector socializes risks while privatizing reward, as Mazzucato controversially argues. This bold and provocative book considers how we adopted this dysfunctional dynamic, and then how we can overcome it so that economic growth can be not only "smart" but "inclusive" as well.
Author: Peter J. Boettke
Publisher: Edward Elgar Publishing
ISBN: 9781843763123
Category : Economic policy
Languages : en
Pages : 0
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Book Description
Recoge: Introduction Peter J. Boettke and Peter T. Leeson PART ICLASSICAL ARGUMENTS FOR LAISSEZ FAIRE 1. David Hume (1985 [1777]), ‘Of the Independency of Parliament’, in Eugene F. Miller (ed.), Essays: Moral, Political, and Literary, Essay VI, Indianapolis, IN, USA: Liberty Fund, Inc., 42–46 2. David Hume (2000), ‘Of the Origin of Justice and Property’, ‘Of the Rules, Which Determine Property’ and ‘Of the Transference of Property By Consent’, in David Fate Norton and Mary J. Norton (eds), A Treatise of Human Nature, Book 3: Part 2: Section 2, Section 3 and Section 4, Oxford, UK and New York, NY, USA: Oxford University Press, 311–31 3. Adam Smith (1961 [1776]), ‘Of the Sources of the General or Public Revenue of the Society’, in Edwin Cannan (ed.), An Inquiry into the Nature and Causes of the Wealth Of Nations, Book V, Chapter II, London, UK: Methuen & Co. Ltd, 341–440 4. Frédéric Bastiat (1850 [2007]), The Law, Auburn, AL: Ludwig von Mises Institute, 1–55 5. Jean-Baptiste Say (2001 [1880]), ‘Of the Effect of Government Regulations Intended to Influence Production’, in A Treatise on Political Economy, Book I, Chapter XVII, Ontario, Canada: Batoche Books, [translated by C.R. Prinsep], 60–83 6. Simon Newcomb (1870), ‘The Let-Alone Principle’, North American Review, CCXXVI (226), January, 1–33 7. Herbert Spencer (1981 [1843]), ‘The Proper Sphere of Government’, in The Man Versus the State: With Six Essays on Government, Society, and Freedom, Indianapolis, IN, USA: Liberty Fund, Inc., 181–263 PART IICRITICS OF LAISSEZ FAIRE 8. John Stuart Mill (1909 [1848]), ‘Of the Grounds and Limits of the Laisser-faire or Non-interference Principle’, in Principals of Political Economy with Some of Their Applications to Social Philosophy, Book IV, Chapter XI, London, UK: Longmans, Green and Co., 304–46 9. John Maynard Keynes (2012 [1926]), ‘The End of Laissez-Faire’, in Elizabeth Johnson and Donald Moggridge (eds), The Collected Writings of John Maynard Keynes. Volume IX: Essays in Persuasion, Cambridge, UK and New York, NY, USA: Cambridge University Press, 272–94 10. R.G. Tugwell (1932), ‘The Principle of Planning and the Institution of Laissez Faire’, American Economic Review, 22 (1), March, 75–92 11. J.E. Meade (1954), ‘External Economies and Diseconomies in a Competitive Situation’, Economic Journal, 62 (245), March, 54–67 12. Paul A. Samuelson (1954), ‘The Pure Theory of Public Expenditure’, Review of Economics and Statistics, 36 (4), November, 387–9 13. Francis M. Bator (1958), ‘The Anatomy of Market Failure’, Quarterly Journal of Economics, 72 (3), August, 351–79 14. George J. Stigler and Paul A. Samuelson (1963), ‘A Dialogue on the Proper Economic Role of the State’, Selected Papers No. 7, Graduate School of Business, University of Chicago, 3–39 PART IIITHE RESTATEMENT OF LAISSEZ FAIRE 15. Ludwig von Mises (2005), ‘Liberal Economic Policy’, Liberalism: The Classical Tradition, Chapter 2, Indianapolis, IN, USA: Liberty Fund, Inc., 37–75 16. Friedrich A. Hayek (1980), ‘Individualism: True and False’, in Individualism and Economic Order, Chapter I, Chicago, IL, USA and London, UK: University of Chicago Press, 1–32 17. R.H. Coase (1959), ‘The Federal Communications Commission’, Journal of Law and Economics, II, October, 1–40 18. R.H. Coase (1960), ‘The Problem of Social Cost’, Journal of Law and Economics, III, October, 1–44 19. Murray N. Rothbard (1974), ‘The Anatomy of the State’, in Egalitarianism as a Revolt Against Nature and Other Essays, Washington, DC, USA: Libertarian Review Press, 34–53 20. James M. Buchanan (1976), ‘The Justice of Natural Liberty’, Journal of Legal Studies, 5 (1), January, 1–16 21. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’, Western Economic Journal, 5 (3), June, 224–32 22. Armen A. Alchian (2006), ‘Some Economics of Property Rights’, in The Collected Works of Armen A. Alchian, Volume 2: Property Rights and Economic Behavior, Part 1, Indianapolis, IN, USA: Liberty Fund, Inc., 52–67 23. Mancur Olson (1993), ‘Dictatorship, Democracy, and Development’, American Political Science Review, 87 (3), September, 567–76 PART IVMODERN POLITICAL ECONOMY OF LAISSEZ FAIRE 24. David Friedman (1989), ‘What is Anarchy? What is Government?’, in The Machinery of Freedom: Guide to a Radical Capitalism, Chapter 28, New Rochelle, NY, USA: Arlington Publishers, 151–4 25. Jack Hirshleifer (1995), ‘Anarchy and its Breakdown’, Journal of Political Economy, 103 (1), February, 26–52 26. Avinash K. Dixit (2004), ‘Economics With and Without the Law’, in Lawlessness and Economics: Alternative Modes of Governance, Chapter 1, Princeton, NJ, USA and Oxford, UK: Princeton University Press, 1–23, references 27. James E. Rauch (2005), ‘Getting the Properties Right to Secure Property Rights: Dixit’s Lawlessness and Economics’, Journal of Economic Literature, XLIII (2), June, 480–7 28. Timothy Frye and Andrei Shleifer (1997), ‘The Invisible Hand and the Grabbing Hand’, American Economic Review, 87 (2), May, 354–8 29. Andrei Shleifer (2009), ‘The Age of Milton Friedman’, Journal of Economic Literature, XLVII (1), March, 123–35 30. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’, Journal of Political Economy, 113 (5), October, 949–95 31. Barry R. Weingast (1995), ‘The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development’, Journal of Law and Economic Organization, 11 (1), April, 1–31.
Author: Ludger Schuknecht
Author: Ludger Schuknecht
Author: Mr.Vito Tanzi
Author: Nina Bandelj
Author: Timothy J. Bartik
Author: National Research Council
Author: Barry R. Weingast
Author: Eugen Varga