| Informing Public Policy: Analyzing Contemporary US and International Policy Issues through the Lens of Market Process Economics Contributor(s): Haeffele, Stefanie (Editor), Hall, Abigail R. (Editor), Millsap, Adam (Editor) |
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ISBN: 178660986X ISBN-13: 9781786609861 Publisher: Rowman & Littlefield Publishers OUR PRICE: $47.52 Product Type: Paperback - Other Formats Published: March 2021 |
| Additional Information |
| BISAC Categories: - Political Science | Political Economy - Business & Economics | Economic History - Political Science | Public Policy - Social Services & Welfare |
| Dewey: 361.25 |
| LCCN: 2018057209 |
| Physical Information: 0.51" H x 6" W x 9" (0.72 lbs) 242 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Market process theory illustrates how the market is the most effective institution for overcoming the knowledge problem. Specifically, the institutional characteristics of private property, monetary prices, and the disciplining mechanisms of profit and loss, guide actors to utilize knowledge dispersed among society, to allocate resources effectively, and to adjust their behavior when errors occur to provide valuable goods and services to society. The chapters in this manuscript explore, through applications to issues within the United States and internationally, contemporary issues in public policy through the theoretical framework of knowledge problems and market process economics. Utilizing this approach, as well as other fundamental insights from economics, these chapters aim to illustrate how individuals in society address pressing public issues, the problems faced by policymakers, and the potential for novel solutions to policy challenges. Authored by individuals from a variety of disciplines with interests in public policy, this work includes discussions of education, child welfare, urban planning, and U.S. healthcare policy, as well as topics in e-commerce, the Global War on Terror, international trade, and economic development. |
Contributor Bio(s): Haeffele, Stefanie: - Stefanie Haeffele is the Deputy Director of Academic and Student Programs and a senior fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. She is the co-author of Community Revival in the Wake of Disaster: Lessons in Local Entrepreneurship with Virgil Henry Storr and Laura E. Grube (2015, Palgrave). |
