Skip to main content
SpringerLink
Log in
Book cover

Institutional Analysis and Economic Policy

  • Book
  • © 2003

Overview

Editors:
  1. Marc R. Tool

    1. California State University, Sacramento, USA

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Paul Dale Bush

    1. California State University, Fresno, USA

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 129.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (19 chapters)

  1. Front Matter

    Pages i-xv
    Download chapter PDF

  2. Foundational Concepts for Institutionalist Policy Making

    • Paul D. Bush, Marc R. Tool
    Pages 1-46

  3. An Institutionalist View of Fiscal Policy

    • Philip A. Klein
    Pages 47-84

  4. Monetary Policy: An Institutionalist Approach

    • L. Randall Wray
    Pages 85-113

  5. Progressive Tax Policies

    • Peter S. Fisher
    Pages 115-131

  6. Promoting Economic Equity: The Basic Income Approach

    • Charles M. A. Clark
    Pages 133-156

  7. Welfare Reform

    • Janice Peterson
    Pages 157-182

  8. Universal Health Care in the United States: Analysis and Proposals

    • Michael Keaney
    Pages 183-218

  9. Social Security: Truth or Convenient Fictions?

    • L. Randall Wray
    Pages 219-249

  10. Competing Perspectives on Economic Power and Accountability

    • Edythe S. Miller
    Pages 251-285

  11. Market Failure in Public Utility Industries: An Institutionalist Critique of Deregulation

    • Harry M. Trebing
    Pages 287-314

  12. The Abuse of Economic and Financial Power in the New Economy: Historical Patterns in the Creation of Modern Remedies

    • Michael F. Sheehan
    Pages 315-348

  13. Toward Developmental Curriculum Reform: Teach What? To Whom? Why?

    • Baldwin Ranson
    Pages 349-378

  14. Policies to Provide Non-Invidious Employment

    • Deborah M. Figart
    Pages 379-409

  15. Policy Implications of the New Information Economy

    • William H. Melody
    Pages 411-432

  16. An Institutionalist Perspective on Environmental Goal Setting

    • Kurt Stephenson
    Pages 433-460

  17. Policy Concerns Regarding Ecologically Sound Disposal of Industrial Waste Materials

    • F. Gregory Hayden
    Pages 461-492

  18. Globalization: An Institutionalist Perspective

    • Gladys Parker Foster
    Pages 493-521

  19. Global Industrial Policies

    • Wolfram Elsner
    Pages 523-547

  20. Recent Tendencies in Development Economics: Bringing Institutions Back in?

    • James M. Cypher
    Pages 549-575
Back to top

Keywords

About this book

The purpose of this volume is to demonstrate how contemporary institutional economic analysis can be applied to the resolution of economic problems. All of the essays in this book challenge the conventional wisdom in the problem areas addressed. They advocate policy positions that often run contrary to views widely held by academic economists and policy makers alike. The general literature of institutional economics is unorthodox, beginning with its methodological foundations and continuing through the kind of policy analysis found in these pages. The orthodox tradition in economics is commonly characterized as "neoclassical economics." Neoclassical economics fosters the myth that only "the market" can efficiently allocate a society's economic resources and equitably distribute its income. It provides the intellectual defense for in which "free markets" are championed over democratic capitalist ideology policy formation, which it contends is neither efficient nor equitable. For both professional economists and policy makers of a conservative political persuasion, neoclassical economics writes the script for a morality play in which the market is the "good guy" and the government is the "bad guy." As such, it undermines the belief that free societies can enhance economic welfare through the use of democratic processes in the formulation of economic policies.

Reviews

`Tool and Bush are among contemporary leaders of, and continuing contributors to institutional economics. They have stimulated and supported institutionalist research and policy-making of scholars and policy analysts over several decades.'
Philip O'Hara, Curtin University, Perth, Australia

 


"From the preface to the last page of the last essay, this book is an unqualified success. It demonstrates beyond any doubt that institutional economics is a policy science that is highly energized by a host of bright minds at work developing analyses that are highly relevant in the twenty-first century. All of the essays are crisply articulate and precisely target the critical aspects of the problems and policies. In the preface, Tool and Bush state that the analyses and policy positions taken by the contributors challenge the orthodox or neoclassical economics doctrine of "free markets" and that the essays "are
provocative, candid, and timely." Because that is fully borne out by the essays in a highly consistent manner, the book will serve as an excellent text for courses at the advanced undergraduate and graduate levels that deal with current socio-economic issues and policy analyses." Journal of Economic Issues, September 2004, pp. 855-857.

Charles G. Leathers, University of Alabama

Editors and Affiliations

  • California State University, Sacramento, USA

    Marc R. Tool

  • California State University, Fresno, USA

    Paul Dale Bush

Bibliographic Information

  • Book Title: Institutional Analysis and Economic Policy

  • Editors: Marc R. Tool, Paul Dale Bush

  • DOI: https://doi.org/10.1007/978-1-4615-0261-6

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 2003

  • Hardcover ISBN: 978-1-4020-7308-3Published: 31 January 2003

  • Softcover ISBN: 978-1-4613-4992-1Published: 24 October 2012

  • eBook ISBN: 978-1-4615-0261-6Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XV, 598

  • Topics: Economic Policy, Political Science

Publish with us

Policies and ethics

Back to top

Search

Navigation