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- catalog abstract ""America's government intervenes in almost every aspect of its citizens' daily lives. From the air we breathe, to our health, wealth, and security, Americans wade through a vast political ocean. Unfortunately, we do so blindly; few Americans understand how or why our government regulates the market mechanisms that surround us. In Markets and Majorities, Steven Sheffrin addresses essential yet overlooked questions about political intervention in economic spheres. Why should we trust the government to clean our air? How do we know what to define as clean? What kind of health insurance business will the government run? What are the dangers of publicly financed doctors?" "Sheffrin first explains traditional theories of market failure, used to justify intervention. He then combines the crucial question of political viability with the fascinating particulars of policy histories. Sheffrin applies such analysis to the areas of health care, social security, environmental policy, product liability, trade policy, and fiscal and budgetary policy. He argues that beneath each area lies a unique calculus of market failure and political pressures, and convincingly demonstrates that no single policy can be understood out of economic and political context. In short, the fact that markets may fail does not guarantee that politics will succeed. By examining both sides of each policy area, Sheffrin's careful review of our national policy-making reveals a minefield where, in many cases, politics cannot help but fail as badly as markets. However, he shows that all is not lost, citing, among other examples, political intervention in the medical industry as the only hope of stopping hospitals from competitive purchases of useless technology." "Markets and Majorities is must reading for anyone who has ever wondered why government just can't seem to get things done, as well as anyone who has asked why it should try in the first place."--BOOK JACKET.".
- catalog contributor b4765564.
- catalog coverage "United States Economic policy 1981-".
- catalog coverage "United States Economic policy 1981-1993.".
- catalog created "c1993.".
- catalog date "1993".
- catalog date "c1993.".
- catalog dateCopyrighted "c1993.".
- catalog description ""America's government intervenes in almost every aspect of its citizens' daily lives. From the air we breathe, to our health, wealth, and security, Americans wade through a vast political ocean. Unfortunately, we do so blindly; few Americans understand how or why our government regulates the market mechanisms that surround us. In Markets and Majorities, Steven Sheffrin addresses essential yet overlooked questions about political intervention in economic spheres. Why should we trust the government to clean our air? How do we know what to define as clean? What kind of health insurance business will the government run? What are the dangers of publicly financed doctors?" "Sheffrin first explains traditional theories of market failure, used to justify intervention. He then combines the crucial question of political viability with the fascinating particulars of policy histories. Sheffrin applies such analysis to the areas of health care, social security, environmental policy, product liability, trade policy, and fiscal and budgetary policy. He argues that beneath each area lies a unique calculus of market failure and political pressures, and convincingly demonstrates that no single policy can be understood out of economic and political context. In short, the fact that markets may fail does not guarantee that politics will succeed. By examining both sides of each policy area, Sheffrin's careful review of our national policy-making reveals a minefield where, in many cases, politics cannot help but fail as badly as markets. However, he shows that all is not lost, citing, among other examples, political intervention in the medical industry as the only hope of stopping hospitals from competitive purchases of useless technology." "Markets and Majorities is must reading for anyone who has ever wondered why government just can't seem to get things done, as well as anyone who has asked why it should try in the first place."--BOOK JACKET.".
- catalog description "Includes bibliographical references and index.".
- catalog description "Introduction: When markets fail -- The peculier world of medical economics -- Providing for an aging society -- The new wave of environmental regulation -- Liability: If there is a crisis, can we solve it? -- Is free trade in the national interest? -- Monetary matters -- Tackling the deficit problem -- Principles for reform -- Appendix: An annotated guide to Washington Think Tanks and sources of policy information.".
- catalog extent "ix, 285 p. ;".
- catalog hasFormat "Markets and majorities.".
- catalog identifier "0029286514".
- catalog isFormatOf "Markets and majorities.".
- catalog issued "1993".
- catalog issued "c1993.".
- catalog language "eng".
- catalog publisher "New York : Free Press ; Toronto : Maxwell Macmillan Canada ; New York : Maxwell Macmillan International,".
- catalog relation "Markets and majorities.".
- catalog spatial "United States Economic policy 1981-".
- catalog spatial "United States Economic policy 1981-1993.".
- catalog spatial "United States.".
- catalog subject "338.973 20".
- catalog subject "Economics Political aspects United States.".
- catalog subject "HC106.8 .S483 1993".
- catalog tableOfContents "Introduction: When markets fail -- The peculier world of medical economics -- Providing for an aging society -- The new wave of environmental regulation -- Liability: If there is a crisis, can we solve it? -- Is free trade in the national interest? -- Monetary matters -- Tackling the deficit problem -- Principles for reform -- Appendix: An annotated guide to Washington Think Tanks and sources of policy information.".
- catalog title "Markets and majorities : the political economy of public policy / Steven M. Sheffrin.".
- catalog type "text".