Book Description
When should government intervene in market activity? When is it best to let market forces simply take their natural course? How does existing empirical evidence about government performance inform those decisions? Brookings economist Clifford Winston uses these questions to frame a frank empirical assessment of government economic intervention in Government Failure vs. Market Failure: Microeconomics Policy Research and Government Performance.
Markets "fail" when it is possible to make one person better off without making someone else worse off, thus indicating some degree of inefficiency. In economics parlance, Pareto optimality has not been achieved. On the other hand, governments "fail" when an economic intervention proves to be unwarranted, either because markets are performing adequately or public policy does not correct a market failure efficiently. In such cases, government intervention may actually exacerbate a problem or produce unintended negative results. Winston concludes that the cost of government failure may actually be considerably greater than the cost of market failure: "My search of the evidence is not limited to policy failures. I will report success stories, but few of them emerged." Government failure may result in missed opportunities, wasted resources, and waning public support.
The author, a well-respected economist who edited the Brookings Papers on Microeconomic Activity, calls for more economics research that is geared to questions of public policy: "The economics profession should encourage a broader range as well as different styles of research by giving more respect to high-quality policy studies on specific and perhaps small issues that accumulate in importance." He cites evidence that inefficient microeconomics policies are of vital importance because they are a drag on growth and development.
Customer Reviews:
Highly recommended........2007-02-04
Written by Clifford Winston (senior fellow in Economic Studies, Brookings Institution), Government Failure Versus Market Failure: Microeconomics Policy Research and Government Peformance examines three decades of empirical evidence in search of the answers to a critical question: When should government intervene in market activity, and when is it better to allow market forces to operate without interference? Chapters discuss such topics as antitrust regulations, policies intended to correct market failures, common Achilles heels of social goals policies, and much more. Drawing heavily upon the accumulated data, Government Failure Versus Market Failure strives to give today's economic policymakers and politicians recommendations for optimal success in future strategies to promote optimal well being both in terms of social and free-market interests. Highly recommended.
Book Description
In this book Bernard Salanié studies situations where competitive markets fail to achieve a collective optimum and the interventions used to remedy these so-called market failures. He includes discussions of theories of collective decision making, as well as elementary models of public economics and industrial organization. Although public economics is traditionally defined as the positive and normative study of government action over the economy, Salanié confines himself to microeconomic aspects of welfare economics; he considers taxation and the effects of public spending only as potential remedies for market failures. He concludes with a discussion of the theory of general equilibrium in incomplete markets.
Customer Reviews:
Excellent complement and starting point.......2002-02-16
In this extremely elegant and condensed work, Salanie once again provides a great externality to his readers (continuing after "The Economics of Contracts"): at the end it leaves a unequivocal desire to dive deeper in the subject.
Limitations? As mentioned in the introduction, the book is extracted from a series of lectures the author gave; lets say, they are great lectures but without the session of Q&A (questions and answers). Therefore, there is little communication with the reader's questions, the reader is required to investigate more in his/her own, e.g. no end of chapter problems or things like those.
In short, I will strongly recommended it along with the traditional material of a General Equilibrium course (e.g. Mas-Colell et.al.). But do not expect a treatise, it is more a general overview.
Average customer rating:
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Market or Government Failures?: An Asian Perspective
A. S. Bhalla
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover
 Development & Growth
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Economic Policy & Development
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Microeconomics
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ASIN: 0333662407 |
Book Description
This book critiques the attention generally placed on government failures in economic crises. Bhalla tunrs to the market, exploring corporate failures which occur in both public and private spheres. These may be due to lapses in implementation of policies and programs. Lack of enforcement in developing countries occurs either because rules and norms do not exist or because they are poorly enforced.
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Agricultural Markets: Mechanisms, Failures and Regulations (Contributions to Economic Analysis)
Manufacturer: North Holland
ProductGroup: Book
Binding: Hardcover
General
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Microeconomics
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Economics
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ASIN: 0444824812 |
Book Description
This volume aims at covering the variety of issues lying at the intersection of the modern theory of Industrial Organization and of the more traditional Agricultural Economics. The book is divided into three main sections. Each of them includes contributions which are particularly relevant for a better understanding of one or several of the following key issues: the organization of agriculture and its mechanisms, the extent of the market power in agri-food industries and, more generally, the failures of agricultural markets, and finally the nature of government's intervention in these markets.
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Market and Non-Market Hierarchies: Theory of Institutional Failure
Christos Pitelis
Manufacturer: Blackwell Publishers
ProductGroup: Book
Binding: Hardcover
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ASIN: 0631157964 |
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Worker Satisfaction and Economic Performance: Microfoundations of Success and Failure
Morris Altman
Manufacturer: M.E. Sharpe
ProductGroup: Book
Binding: Hardcover
Labor Policy
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ASIN: 0765605910 |
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A Game Without Vision (Great Market Failure)
Dan Corry ,
Paul Williamson , and
Sarah Moore
Manufacturer: Institute for Public Policy Research
ProductGroup: Book
Binding: Paperback
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ASIN: 1872452744 |
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Work Organisations: Critical introduction
Paul B. Thompson , and
David McHugh
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Paperback
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| Organizational Behavior
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Workplace
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Look Inside Business Books
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ASIN: 0333949919 |
Book Description
This third edition, designed in a user friendly format, substantially revises and extends old favorites including whole chapters on gender and international management issues for the first time. Current debates on surveillance, managing diversity, knowledge work, high performance work systems, and learning in organizations are discussed, and new chapters on change and teamwork have been added.
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Organizational Behaviour and Work: A Critical Introduction
Fiona M. Wilson
Manufacturer: Oxford University Press, USA
ProductGroup: Book
Binding: Paperback
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Negotiating
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ASIN: 0199261415 |
Book Description
This book provides a critical approach to the study of work and organizational behaviour, questioning what organizational behaviour is and how it has been researched and discussed. Written as an introductory textbook, the book aims to stimulate readers towards further questions and their own research. The book is unique in that it deals directly with the weakneses of theories on topics such as motivation, leadership and teambuilding whilst also covering topical subjects such as theft, fun, sex, romance, bullying, harassment, resistance, exploitation, unequal power relations and sabotage. This book gives a realist's perspective of what consititutes organizational behaviour, providing a critique of the latest research from the gurus of management whilst also describing the realities of work and behaviour found in organizations. This second edition includes new chapters on scene setting, motivation, teams and teamworking, culture, leadership, change and organizational learning. Established sections such as unemployment, organizational misbehaviour and sexuality have been updated and expanded. The text has retained its unique critical stance whilst also encouraging greater student understanding and accessibility. The background to the major theories is explained and each chapter contains a wealth of student learning features including chapter introductions, topical case studies, examples, stop boxes, group exercises, end of chapter questions, further reading and web links.
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Work, Postmodernism and Organization: A Critical Introduction (Organization, Theory and Society series)
Philip G Hancock , and
Melissa J Tyler
Manufacturer: Sage Publications Ltd
ProductGroup: Book
Binding: Paperback
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Management
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Motivational
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Postmodernism
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ASIN: 0761959440 |
Book Description
Work, Postmodernism and Organization provides a wide-ranging and very accessible introduction to postmodern theory and its relevance for the cultural world of the work organization. The book provides a critical review of the debates that have shaped organization theory over the past decade, making clear the meaning and significance of postmodern ideas for contemporary organization theory and practice. Work, Postmodernism and Organization will provide valuable material to advanced undergraduate and postgraduate students of organization theory, organizational behaviour, industrial sociology, and more general business & management and sociology courses.
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Postharvest Pathogens and Disease Management
P. Narayanasamy
Manufacturer: Wiley-Interscience
ProductGroup: Book
Binding: Hardcover
General
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Food Science
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Clinical Chemistry
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ASIN: 0471743038 |
Book Description
POSTHARVEST PATHOGENS AND DISEASE MANAGEMENT
Postharvest diseases caused by microbial pathogens account for millions of dollars in losses of both durable and perishable produce products every year. Moreover, with consumers increasingly demanding minimally processed vegetables and fruits--which can be invaded by human pathogens--there is an imperative need for suitable protective measures to provide pathogen-free commodities that are free from, or contain only acceptable levels of, chemical residues.
Providing details of both conventional and modern molecular techniques applicable for the detection, identification, and differentiation of field and storage microbial pathogens, Postharvest Pathogens and Disease Management:
* Discusses diseases of both durables and perishables during transit and storage
* Provides a basic understanding of the effects of handling and storage practices as well as field conditions and product susceptibility on the development of postharvest diseases
* Reveals, as a cautionary note, the potential hazards of mycotoxins with carcinogenic properties that can contaminate fruits and vegetables
* Contains detailed information derived from elucidative evidence and disease data in order to explain the infection process and subsequent stages of disease development
* Helps readers to avoid conditions that favor disease incidence and spread
* Includes real life examples of disease management strategies to help readers develop effective disease management systems suitable for different ecosystems
* Emphasizes the importance of integrating several different effective methods in tandem, including the development of cultivars with resistance to postharvest diseases; the selection of suitable analytical methods; and the effective use of biocontrol agents and chemicals
* Presents protocols for numerous techniques and basic methods, making the book a distinctive and highly useful teaching and research tool
Postharvest Pathogens and Disease Management offers readers insight into the principles and methods of avoiding and managing postharvest diseases of fruit and vegetable products in an efficient, economical, and environmentally feasible manner, allowing producers to sell safer, higher-quality produce to the public and prevent the losses associated with postharvest disease.
Download Description
Postharvest Pathogens and Disease Management offers readers insight into the principles and methods of avoiding and managing postharvest diseases of fruit and vegetable products in an efficient, economical, and environmentally feasible manner, allowing producers to sell safer, higher-quality produce to the public and prevent the losses associated with postharvest disease.
Book Description
With its distinctive investigative approach to learning, this laboratory manual encourages students to become active participants in the science of biology. While teaching basic concepts and laboratory procedures important for all biology majors to learn, the authors also invite students to pose hypotheses, make predictions, conduct open-ended experiments, collect data, and then apply the results to new problems. Laboratory exercises are divided into three categories – directed investigations, thematic investigations, and open-ended investigations.
Customer Reviews:
free book for sale?.......2007-01-03
The book is everything I expected, except for the tape on front of the cover. I tried to remove the tape and lo and behold, the printing under the tape says "FREE COPY". I don't think it's right to get a free copy of a book from the publisher then sell it. So although I'm pleased with the book, I'm disappointed in the deception.
Average customer rating:
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Investigating Biology: An Annotated Lab Manual
Judith Giles Morgan
Manufacturer: Benjamin-Cummings Pub Co
ProductGroup: Book
Binding: Paperback
General
| Biology
| Biological Sciences
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General
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General
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ASIN: 0805319468 |
Average customer rating:
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Investigating Biology Lab Manual CB
Judith Morgan
Manufacturer: Addison Wesley Publishing Company
ProductGroup: Book
Binding: Paperback
General
| Biology
| Biological Sciences
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General
| Biology
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ASIN: 0201304627 |
Books:
- Grounded Theory in Management Research (SAGE Series in Management Research)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- Holy Horrors: An Illustrated History of Religious Murder and Madness
- Holy Horrors: An Illustrated History of Religious Murder and Madness
- Hong Kong's Transition: A Decade After the Deal
- How Economics Became a Mathematical Science (Science and Cultural Theory)
- How to Tell What Things Are Really Worth
- Ideologies of Globalization: Contending Visions of a New World Order (Routledge/Ripe Studies in Global Political Economy)
Books Index
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