Markets, State, and People: Economics for Public Policy
(eBook)

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Book Cover Information

Hoopla Extract Information

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    [year] => 2020
    [artist] => Diane Coyle
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    [coverImageUrl] => https://cover.hoopladigital.com/pup_9780691189314_270.jpeg
    [titleId] => 16193464
    [isbn] => 9780691189314
    [abridged] => 
    [language] => ENGLISH
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    [title] => Markets, State, and People
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    [pages] => 376
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                    [name] => Diane Coyle
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            [0] => Business & Economics
            [1] => Economic Policy
            [2] => Economics
            [3] => Government & Business
            [4] => Political Economy
            [5] => Political Science
            [6] => Public Affairs & Administration
            [7] => Public Policy
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    [synopsis] => Diane Coyle is the inaugural Bennett Professor of Public Policy at the University of Cambridge. She is a member of the UK Council of Economic Advisers and the Natural Capital Committee, as well as a Fellow of the Office for National Statistics. Her books include GDP: A Brief but Affectionate History and The Economics of Enough (both Princeton). Twitter @DianeCoyle1859 
	A textbook that examines how societies reach decisions about the use and allocation of economic resources

While economic research emphasizes the importance of governmental institutions for growth and progress, conventional public policy textbooks tend to focus on macroeconomic policies and on tax-and-spend decisions. Markets, State, and People stresses the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society's sense of fairness?

Diane Coyle illustrates the ways economic ideas are the product of their historical context, and how events in turn shape economic thought. She includes many real-world examples of policies, both good and bad. Readers will learn that there are no panaceas for policy problems, but there is a practical set of theories and empirical findings that can help policymakers navigate dilemmas and trade-offs. The decisions faced by officials or politicians are never easy, but economic insights can clarify the choices to be made and the evidence that informs those choices. Coyle covers issues such as digital markets and competition policy, environmental policy, regulatory assessments, public-private partnerships, nudge policies, universal basic income, and much more.

Markets, State, and People offers a new way of approaching public economics.


•	A focus on markets and institutions


•	Policy ideas in historical context


•	Real-world examples


•	How economic theory helps policymakers tackle dilemmas and choices

 "US president Harry Truman longed for a one-handed economist, because 'All my economists say 'on one hand' then 'but on the other'.' He was wrong to. Equivocal books do not usually do well in a polarised world. This one deserves to buck the trend."---Giles Wilkes, Financial Times "Integrating economic theory into social and political contexts, this is the textbook on public policy that students need. A pleasure to use."-Paul Collier, University of Oxford "This book is both wise and far-ranging. If I was teaching an introductory public policy course, this would be the economics that I would adopt." -Edward Glaeser, Harvard University  "This is a great book for teaching because, unlike standard textbooks, it situates public policy in the wider context of the values that societies hold and the ways that markets are structured."-Rachel Griffith, University of Manchester "This masterful book is exemplary in its resistance to sweeping panaceas promoted by socialists, free-market worshippers, and fomenters of academic paranoia about established institutions. Our students and the public need sensible writing about policy choices and governance. This book is devotedly and insistently sensible."-Don Ross, author of Philosophy of Economics
    [url] => https://www.hoopladigital.com/title/16193464
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    [subtitle] => Economics for Public Policy
    [publisher] => Princeton University Press
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