£126.98

MACMILLAN Efficiency, Equality and Public Policy Book

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Description

Explore a new perspective on economic governance with Efficiency, Equality and Public Policy: With A Case for Higher Public Spending. This book by MACMILLAN challenges the standard approach to public economic policy, specifically the idea that efficiency should be the sole focus in specific policy areas while leaving equality to the tax and transfer system. The text examines how public policies can better maximize individual welfare by focusing on individual happiness rather than just preferences. It addresses how relative-income and environmental disruption effects create a bias toward private spending, a trend that may no longer support social happiness. By analyzing these economic shifts, the book presents a case for how welfare can be increased through higher public spending, such as increased investment in research and development. This work is an essential resource for those studying economics, public policy, and the social impacts of fiscal decisions.

Key Features

Analyzes the debate between economic efficiency and equality within public policy frameworks.

Examines the shift from preference-based welfare to models focused on individual happiness.

Discusses how environmental disruption and relative-income effects impact modern spending habits.

Provides an argument for increasing public spending on research to boost social welfare.

Offers deep insights into why current private spending trends may not support social happiness.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
19 April 2000
Listed Since
08 February 2007

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