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, ...
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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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