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Dysfunctions of the Welfare State, Paperback by Gibbons, Joel Clarke, Like Ne...
- Item No : 405832682601
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* Item Description
- Dysfunctions of the Welfare State, Paperback by Gibbons, Joel Clarke, ISBN 1412810981, ISBN-13 9781412810982, Like New Used, Free P&P in the UK
This book was formerly titled Economics in the Present Tense; under that title, the first edition was published in February 2008. The second edition was published in April 2009, with two new chapters on trust, risk, and regulation, and the aftermath of the 2008 crash. This third edition continues to focus on the underlying causes of economic distress. Part 1, on the misallocation of effort, focuses on the need to enhance productivity. Part 2, on credit, inflation, and the crash of 2008, analyzes the misuse of money and credit that stands at the center of modern neo-Keynesian economic policy. Part 3, proposals and reforms, applies economic thought to topics of current interest. Part 4 contains two essays on the behavior of markets: a case study of the California electricity market, and an analysis of international developments that have undermined the premise of market efficiency. Gibbons has taught economics and public affairs at the University of Chicago, and the Illinois Institute of Technology. Annotation ©2010 Book News, Inc., Portland, OR ()
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