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Regulation and Economic Analysis

A Critique over Two Centuries

  • Book
  • © 1994

Overview

Authors:
  1. Richard L. Gordon

    1. Department of Mineral Economics, College of Earth and Mineral Sciences, The Pennsylvania State University, University Park, USA

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Part of the book series: Topics in Regulatory Economics and Policy (TREP, volume 16)

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xv
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  2. Introduction: Governments and the Marketplace in Economic Analysis

    • Richard L. Gordon
    Pages 1-7

  3. Choices in a Market Economy: A Prologue

    • Richard L. Gordon
    Pages 9-19

  4. An Introduction to Market Failures

    • Richard L. Gordon
    Pages 21-28

  5. Further Problems of Analyzing and Treating Monopoly

    • Richard L. Gordon
    Pages 29-47

  6. International Trade Policy Issues

    • Richard L. Gordon
    Pages 49-60

  7. Transaction Costs, Property Rights, and the Limits of Government

    • Richard L. Gordon
    Pages 61-78

  8. Optimum Economic Organization: The Efficiency of Firms and Its Implications for Public Policy

    • Richard L. Gordon
    Pages 79-109

  9. Market Regulation and Macroeconomics Problems

    • Richard L. Gordon
    Pages 111-118

  10. Notes on Fairness and the Market Economy

    • Richard L. Gordon
    Pages 119-128

  11. Problems of Environmental Impacts and Regulating Business Practices

    • Richard L. Gordon
    Pages 129-147

  12. Land Policy as a Case Study in Excess Intervention

    • Richard L. Gordon
    Pages 149-168

  13. The Critiques of Intervention Reconsidered

    • Richard L. Gordon
    Pages 169-181

  14. Conclusions

    • Richard L. Gordon
    Pages 183-203

  15. Back Matter

    Pages 195-273
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Keywords

About this book

Regulation and Economic Analysis: A Critique Over Two Centuries argues that long experience with the practice of regulation creates a broad anti-intervention consensus among economists. This consensus is based on comparison of real intervention to real markets rather than an ideological preconception. It is shown that economic theory can support all possible positions on intervention. Much theory is too abstract to support any policy position; many arguments about how intervention might help contain qualifications expressing doubts about whether the potential can be realized; many theories illustrate the drawbacks of intervention. The vast literature on these issues concentrates either on specific cases or polemics that exaggerate both sides of the argument.
Regulation and Economic Analysis seeks to show the depth of the discontent, develop interpretations of economic theory that follow from skepticism about statism and provide selected illustrations. The discussion begins with examination of general equilibrium theory and proceeds to discuss market failure with stress on monopoly and particularly what is deemed excessive concern with predatory behavior. International trade issues, transaction costs, property rights, economic theories of government, the role of special institutions such as contracts, the defects of macroeconomic and equity arguments for regulating individual markets, environmental economics and the defects of public land management policies are examined.

Authors and Affiliations

  • Department of Mineral Economics, College of Earth and Mineral Sciences, The Pennsylvania State University, University Park, USA

    Richard L. Gordon

Bibliographic Information

  • Book Title: Regulation and Economic Analysis

  • Book Subtitle: A Critique over Two Centuries

  • Authors: Richard L. Gordon

  • Series Title: Topics in Regulatory Economics and Policy

  • DOI: https://doi.org/10.1007/978-1-4615-2620-9

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media Dordrecht 1994

  • Hardcover ISBN: 978-0-7923-2790-5Published: 30 April 1994

  • Softcover ISBN: 978-1-4613-6123-7Published: 05 November 2012

  • eBook ISBN: 978-1-4615-2620-9Published: 09 March 2013

  • Series ISSN: 2730-7468

  • Series E-ISSN: 2730-7476

  • Edition Number: 1

  • Number of Pages: XV, 273

  • Topics: Industrial Organization, Economic Policy, Economic Growth

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