Informing Public Policy: Analyzing Contemporary US and International Policy Issues through the Lens of Market Process Economics
Stefanie Haeffele · Abigail R. Hall · Adam Millsap
Apr 2019 · Bloomsbury Publishing USA
Ebook
240
Pages
reportRatings and reviews aren’t verified Learn More
About this ebook
Market process theory illustrates how the market is the most effective institution for overcoming the knowledge problem. Specifically, the institutional characteristics of private property, monetary prices, and the disciplining mechanisms of profit and loss, guide actors to utilize knowledge dispersed among society, to allocate resources effectively, and to adjust their behavior when errors occur to provide valuable goods and services to society.
The chapters in this manuscript explore, through applications to issues within the United States and internationally, contemporary issues in public policy through the theoretical framework of knowledge problems and market process economics. Utilizing this approach, as well as other fundamental insights from economics, these chapters aim to illustrate how individuals in society address pressing public issues, the problems faced by policymakers, and the potential for novel solutions to policy challenges. Authored by individuals from a variety of disciplines with interests in public policy, this work includes discussions of education, child welfare, urban planning, and U.S. healthcare policy, as well as topics in e-commerce, the Global War on Terror, international trade, and economic development.
The chapters in this manuscript explore, through applications to issues within the United States and internationally, contemporary issues in public policy through the theoretical framework of knowledge problems and market process economics. Utilizing this approach, as well as other fundamental insights from economics, these chapters aim to illustrate how individuals in society address pressing public issues, the problems faced by policymakers, and the potential for novel solutions to policy challenges. Authored by individuals from a variety of disciplines with interests in public policy, this work includes discussions of education, child welfare, urban planning, and U.S. healthcare policy, as well as topics in e-commerce, the Global War on Terror, international trade, and economic development.
About the author
Stefanie Haeffele is the Deputy Director of Academic and Student Programs and a senior fellow for the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
Abigail Hall is Assistant Professor in Economics at the University of Tampa in Florida and a Research Fellow with the Independent Institute, a non-partisan research and educational think tank based in Oakland, California.
Adam Millsap is the Assistant Director of the L. Charles Hilton Jr. Center for the Study of Economic Prosperity and Individual Opportunity at Florida State University.
Abigail Hall is Assistant Professor in Economics at the University of Tampa in Florida and a Research Fellow with the Independent Institute, a non-partisan research and educational think tank based in Oakland, California.
Adam Millsap is the Assistant Director of the L. Charles Hilton Jr. Center for the Study of Economic Prosperity and Individual Opportunity at Florida State University.
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
