Market Failure in Context

Alain Marciano, Steven G. Medema (Herausgeber)

Buch | Hardcover

280 Seiten

2016
Duke University Press (Verlag)
978-0-8223-6833-5 (ISBN)

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This volume explores the social, political, and intellectual contexts in which twentieth-century notions of market failure were developed. Markets can fail to perform in ways that best promote the larger interests of society: this idea is as old as economics itself and is one of the most crucial issues with which economic thinkers have had to grapple. However, while the history of the theory of market failure has received some critical examination, little attention has been paid to the larger contexts in which these theoretical analyses emerged. Contributors to this volume directly examine these contexts to gain a greater understanding of and appreciation for the influence of external ideas and events on the development of economic theories and to stimulate additional scholarship around this important facet of the history of economics.

Contributors. Nahid Aslanbeigui, Roger E. Backhouse, Bradley W. Bateman, Sebastian Berger, David Colander, J. Daniel Hammond, Marianne Johnson, Thomas C. Leonard, Alain Marciano, Steven G. Medema, Guy Oakes, Malcolm Rutherford, John D. Singleton

Alain Marciano is associate professor of economics at the University of Montpellier and coeditor of A Guide to Posner’s Economic Analysis of Law. Steven G. Medema is Distinguished Professor of Economics at the University of Colorado at Denver and the author of The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas.

Alain Marciano and Steven G. Medema - Market Failure in Context: Introduction Part 1. Before “Market Failure(s)”: The Failure of the Market SystemNahid Aslanbeigui and Guy Oakes - The British Tariff Reform Controversy and the Genesis of Pigou's Wealth and Welfare, 1903–12Thomas C. Leonard - Progressive Era Origins of the Regulatory State and the Economist as ExpertMalcolm Rutherford - Institutionalism and the Social Control of BusinessRoger E. Backhouse - Economic Power and the Financial Machine: Competing Conceptions of Market Failure in the Great DepressionBradley W. Bateman - Analyzing Market Failure: Adam Smith and John Maynard Keynes Part 2. Market Failures: The Post–World War II NarrowingJ. Daniel Hammond - Paul Samuelson on Public Goods: The Road to NihilismMarianne Johnson - Public Goods, Market Failure, and Voluntary ExchangeJohn D. Singleton - Sorting Charles TieboutSebastian Berger - K. William Kapp's Social Theory of Social CostsDavid Colander - Framing the Economic Policy Debate

Reihe/Serie	History of Political Economy Annual Supplement
Verlagsort	North Carolina
Sprache	englisch
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	0-8223-6833-1 / 0822368331
ISBN-13	978-0-8223-6833-5 / 9780822368335
Zustand	Neuware