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The Economist's View of the World

The Economist's View of the World


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About the Book

In a clear, lively and non-technical style, the author explains and assesses the way in which micro, welfare and benefit-cost economists view the world of public policy. The work of these economists has significantly influenced scholarship in political science, law, philosophy, sociology and psychology, and it has led to important changes in government policy concerning the environment, housing and the regulation of industry. The author explains why Democratic and Republican economists so often agree about micro-policy issues and why they are so often at odds with many politicians, consumer advocates and business and union leaders. He argues that even an elementary knowledge of resource economics could help us avoid many current public policy blunders. The book will be of interest to students and teachers of public policy, public administration, business and law and to the educated lay reader.

Table of Contents:
Preface; Acknowledgments; 1. Introduction; Part I. Useful Concepts: 2. Opportunity cost; 3. Marginalism; 4. Economic incentives; Part II. Government and Markets, Efficiency and Equity: 5. Government and the economy; 6. Economists and equity; 7. Externalities and the government agenda; 8. Benefit - cost analysis; Part III. The Limits of Economics: 9. The economist's consumer and individual well-being; 10. A second look at externalities; 11. Representatives, deliberation, and political leadership; 12. Conclusion; Notes; name index; Subject index.

Review :
"Steven Rhoads draws from a wide range of sources to survey the views of mainstream economists on how the world works...a wide-ranging and cogent exposition of the state of economics and its relationship to public policy...the author is objective, making his book thought-provoking for both expert and non-expert alike." Cato Policy Report |x x "This is a wise and judicious book. Steven Rhoads is a political scientist who has profited a great deal from learning some economics and seeing how economists apply micro theory to substantive public policy issues." Journal of Economic Literature |x x "Definitely a book that a person who tries seriously to undertake multidisciplinary work between economics and political science ought to confront, for it usefully indicates the many ways one can display narrowness or overlook important causal forces in such endeavors." Roger C. Noll, American Political Science Review


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Product Details
  • ISBN-13: 9780521317641
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Height: 228 mm
  • No of Pages: 348
  • Returnable: N
  • Returnable: N
  • Weight: 467 gr
  • ISBN-10: 0521317649
  • Publisher Date: 23 May 1985
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Returnable: N
  • Spine Width: 24 mm
  • Width: 152 mm


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