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Markets, State, and People

English

By (author): Diane Coyle

A textbook that examines how societies reach decisions about the use and allocation of economic resources

While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness?

Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more.

Markets, State, and People offers a new way of approaching public economics.

  • A focus on markets and institutions
  • Policy ideas in historical context
  • Real-world examples
  • How economic theory helps policymakers tackle dilemmas and choices
See more
Current price €55.99
Original price €56.99
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A01=Diane CoyleAdverse selectionAdvertisingAge Group_UncategorizedAllocative efficiencyAuthor_Diane Coyleautomatic-updateBarriers to entryBehavioral economicsCalculationCategory1=Non-FictionCategory=JPACategory=JPPCategory=KCPCategory=KFFDChoice architectureCompetitionConsumerConsumption (economics)COP=United StatesCost–benefit analysisCustomerDelivery_Delivery within 10-20 working daysDeveloped countryEconomic efficiencyEconomic interventionismEconomic policyEconomic surplusEconomicsEconomistEconomyEfficiencyEmploymenteq_business-finance-laweq_isMigrated=2eq_non-fictioneq_society-politicsExpenseExternalityFinanceGovernment failureGovernment spendingGreat RecessionIncentiveIncomeIndifference curveInformation asymmetryInfrastructureInstitutionInsuranceLanguage_EnglishMarginal costMarket (economics)Market economyMarket failureMarket powerNatural monopolyOwnershipPA=AvailablePareto efficiencyPaymentPensionPigovian taxPolicyPoliticianPovertyPrice_€50 to €100Private sectorPrivatizationProvision (accounting)PS=ActivePublic choicePublic policyPublic sectorRegulationRelative priceRent-seekingSavingShareholderShortagesoftlaunchSubsidySupply (economics)Supply and demandTaxTechnologyTrade-offUnemploymentWelfareWelfare state
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Product Details
  • Dimensions: 155 x 235mm
  • Publication Date: 14 Jan 2020
  • Publisher: Princeton University Press
  • Publication City/Country: US
  • Language: English
  • ISBN13: 9780691179261

About Diane Coyle

Diane Coyle is the inaugural Bennett Professor of Public Policy at the University of Cambridge. She is a member of the UK Council of Economic Advisers and the Natural Capital Committee, as well as a Fellow of the Office for National Statistics. Her books include GDP: A Brief but Affectionate History and The Economics of Enough (both Princeton). Twitter @DianeCoyle1859

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