Beyond Politics: Markets, Welfare, And The Failure Of Bureaucracy

by William C. Mitchell, Randy T. Simmons

Traditional public policy and welfare economics have held that “market failures” are common, requiring the intervention of government in order to serve and protect the public good. In Beyond Politics, William C. Mitchell and Randy T. Simmons carefully scrutinize this traditional view through the modern theory of public choice.The authors enlighten the relationship of government and markets by emphasizing the actual rather than the ideal workings of governments and by reuniting the insights of economics with those of political science. Beyond Politics traces the anatomy of “government failure” and a pathology of contemporary political institutions as government has become a vehicle for private gain at public expense. In so doing, this brisk and vigorous book examines a host of public issues, including social welfare, consumer protection, and the environment. Offering a unified and powerful perspective on the market process, property rights, politics, contracts, and government bureaucracy, Beyond Politics is a lucid and comprehensive book on the foundations and institutions of a free and humane society.

Genres: Politics, Economics

234 pages, Hardcover

First published October 21, 1994

Reviews

[Perry Kuipers · Rating 3 out of 5]

This book is a good read on Public Choice and an eye-opening account on government inefficiencies. Authors propose various means for settling problems within the marketplace and private property rights. However this book is not an easy read and can be dull at times.

[Tidar Rachmadi · Rating 3 out of 5]

This book really help me for my current research. Showing bravely about how economy worked towards politics. Thanks, Mitchell.

[Johnny Nguyen · Rating 5 out of 5]

Explores our public choice theory and introduces the asymmetry of incentives. An extremely interesting read. Absolutely loved it. If I wrote an actual review it would be pages long.