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Markets, State, and People

Economics for Public Policy

Diane Coyle

ca. 38,99
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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft


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

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Technology, Employment, Public policy, Economy, Provision (accounting), Disaster, Price elasticity of demand, Supply (economics), Supply and demand, Tax revenue, Uncertainty, Trade-off, Budget, Market failure, Expense, Deregulation, Developed country, Customer, Funding, Ownership, Marginal cost, Competition, Price Change, Poverty, Privatization, Externality, Incentive, Public sector, Calculation, Tax, Economic surplus, Cost–benefit analysis, Economic growth, Efficiency, Payment, Advertising, Right to property, Natural monopoly, Politician, Market economy, Welfare, Great Recession, Regulation, Economic interventionism, Public choice, Institution, Free riding, Choice architecture, Economist, Policy, Equivalent variation, Market power, Liberalization, Productive efficiency, Rent-seeking, Social welfare function, Consumption (economics), Insurance, Market (economics), Macroeconomics, Consideration, Saving, Relative price, Pigovian tax, Private sector, Demand curve, Information asymmetry, Barriers to entry, Behavioral economics, Infrastructure, Allocative efficiency, Welfare state, Subsidy, Norm (social), Corporation, Unemployment, Consumer, Pension, Requirement, Pareto efficiency, Auction, Policy analysis, Regulatory capture, Economics, Retail, Finance, Government spending, Welfare economics, Willingness to pay, Income, Shortage, Adverse selection, Economic efficiency, Economic policy, Rate of return, Government revenue, Competition law, Indifference curve, Shareholder, Government failure