Description
Traditional welfare economics has held that ?market failures” are fairly common and that they are best addressed through the intervention of governments. In Beyond Politics, Professors Mitchell and Simmons present the traditional view and compare it to the modern theory of public choice, which emphasizes the actual rather than the ideal workings of governments. By reuniting the insights of economics with those of political science, the authors have produced a unified and powerful statement about the market process, property rights, contracts, and government. Beyond Politics offers an accessible and reliable introduction to these matters while significantly advancing our understanding of them.
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Traditional public policy and welfare economics have held that ?market failures” are common, requiring the intervention of government in order to serve and protect the public good. In Beyond Politics, William C. Mitchell and Randy T. Simmons carefully scrutinize this traditional view through the modern theory of public choice.The authors enlighten the relationship of government and markets by emphasizing the actual rather than the ideal workings of governments and by reuniting the insights of economics with those of political science. Beyond Politics traces the anatomy of ?government failure” and a pathology of contemporary political institutions as government has become a vehicle for private gain at public expense. In so doing, this brisk and vigorous book examines a host of public issues, including social welfare, consumer protection, and the environment. Offering a unified and powerful perspective on the market process, property rights, politics, contracts, and government bureaucracy, Beyond Politics is a lucid and comprehensive book on the foundations and institutions of a free and humane society.
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