Market-augmenting Government

Market-augmenting Government PDF

Author: Omar Azfar

Publisher: University of Michigan Press

Published: 2003

Total Pages: 372

ISBN-13: 9780472068173

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Shows how governments and markets are complementary rather than opposing forces

Power And Prosperity

Power And Prosperity PDF

Author: Mancur Olson

Publisher: Basic Books

Published: 2000-11-20

Total Pages: 272

ISBN-13: 9780465051960

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Why do some economies do better than others? How does society encourage the kind of market economy that generates continually increasing incomes? How do particular styles of government affect economic performance? World-renowned economist Mancur Olson tackles these questions and others in what will surely be regarded as his magnum opus. Olson contends that governments can play an essential role in the development of markets. Reliable enforcement of private contracts and protection of individual rights to property depend on governments strong enough not to undermine them. His exploration of "market-augmenting governments" will stand as a cutting-edge work on economic growth and provide a useful framework in which to consider the Asian financial crisis and its aftermath. As Susan Lee noted in Forbes, "his pioneering insights might have won a Nobel Prize for Olson had he lived a bit longer."

Collective Choice

Collective Choice PDF

Author: Jac C. Heckelman

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 297

ISBN-13: 3540247114

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A comprehensive insight into Mancur Olson's work as well as extensions and applications of his work. Chapters cover three main areas: Collective Action, Institutional Sclerosis and Market-Augmenting Government. Some chapters directly assess Olson`s contributions, focusing on distinguishing what was original in his works from what was already in the literature, and assess his impact on the fields of public economics and economic history. Other chapters present new tests and frequently extend his work. Each of the chapters is a new piece of scholarship inspired by and intended to honor Mancur Olson, and extend his influence to another generation of Collective Choice scholars and researchers.

Government and the American Economy

Government and the American Economy PDF

Author: Price V. Fishback

Publisher: University of Chicago Press

Published: 2008-09-15

Total Pages: 634

ISBN-13: 0226251292

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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.

Power And Prosperity: Outgrowing Communist And Capitalist Dictatorships

Power And Prosperity: Outgrowing Communist And Capitalist Dictatorships PDF

Author: Mancur Olson

Publisher: Basic Books (AZ)

Published: 2000-01-19

Total Pages: 284

ISBN-13:

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A world-renowned economist tackles tough questions and contends that governments can play an essential role in the development of markets. His exploration of "market-augmenting governments" provides a useful framework in which to consider the Asian financial crisis and its aftermath.

The Rise and Decline of Nations

The Rise and Decline of Nations PDF

Author: Mancur Olson

Publisher: Yale University Press

Published: 2022-01-01

Total Pages: 296

ISBN-13: 0300254067

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"A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.

Public Policy and the Quality of Life

Public Policy and the Quality of Life PDF

Author: Randall G. Holcombe

Publisher: Praeger

Published: 1995-01-24

Total Pages: 0

ISBN-13: 0313293589

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This volume argues that the virtues of the market system, private property, and freedom of exchange can be applied to enhance the quality of life. Although people recognize in the abstract that markets work better than government in allocating resources, government's presence in the economy increases as government intervenes to deal with different problems. This book shows how the market mechanism that has enhanced material well-being is better suited than government planning to improve the quality of life. After examining general principles guiding both market and government allocation of resources, the book then examines specific policy issues, including environmental protection, health care, regulation of product quality, and land use planning. The book first examines the general principles that guide both market and government allocation of resources to show why market mechanisms work better than government planning to enhance the quality of life. Then specific policy issues are examined to provide examples of how market forces can be harnessed to improve the quality of life. Some of those issues are environmental protection, health care, the regulation of product quality, and land use planning.

Fiscal Vulnerabilities and Risks from Local Government Finance in China

Fiscal Vulnerabilities and Risks from Local Government Finance in China PDF

Author: Ms.Yuanyan Sophia Zhang

Publisher: International Monetary Fund

Published: 2014-01-14

Total Pages: 29

ISBN-13: 1484350561

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China weathered the global financial crisis better than most, thanks to a large and timely stimulus. This stimulus, however, was mainly in the form of off-budget infrastructure spending and thus not visible in the headline fiscal data. We construct a time series for the augmented fiscal deficit and debt—augmented to include off-budget activity—that better illustrates the counter-cyclical role of fiscal policy. The results also show that the augmented fiscal deficit and debt are both considerably higher than the headline government data suggest. Nonetheless, at around 45 percent of GDP, the augmented debt is still at a manageable level.

The Oxford Handbook of Public Choice

The Oxford Handbook of Public Choice PDF

Author: Roger D. Congleton

Publisher: Oxford University Press

Published: 2018-12-14

Total Pages: 800

ISBN-13: 019046979X

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The Oxford Handbook of Public Choice provides a comprehensive overview of the research in economics, political science, law, and sociology that has generated considerable insight into the politics of democratic and authoritarian systems as well as the influence of different institutional frameworks on incentives and outcomes. The result is an improved understanding of public policy, public finance, industrial organization, and macroeconomics as the combination of political and economic analysis shed light on how various interests compete both within a given rules of the games and, at times, to change the rules. These volumes include analytical surveys, syntheses, and general overviews of the many subfields of public choice focusing on interesting, important, and at times contentious issues. Throughout the focus is on enhancing understanding how political and economic systems act and interact, and how they might be improved. Both volumes combine methodological analysis with substantive overviews of key topics. This second volume examines constitutional political economy and also various applications, including public policy, international relations, and the study of history, as well as methodological and measurement issues. Throughout both volumes important analytical concepts and tools are discussed, including their application to substantive topics. Readers will gain increased understanding of rational choice and its implications for collective action; various explanations of voting, including economic and expressive; the role of taxation and finance in government dynamics; how trust and persuasion influence political outcomes; and how revolution, coups, and authoritarianism can be explained by the same set of analytical tools as enhance understanding of the various forms of democracy.