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The book provides a fresh and readily accessible perspective on the political economy of the voluntary sector, from an examination of the theoretical approaches and the role of policy leadership to an exploration of appropriate public policies. The authors examine existing market failure, government failure and supply-side models of non-profit organizations before proposing a new leadership theory of the voluntary sector. They then explore the interface between the voluntary sector and the development of social capital. The book culminates in an investigation of appropriate public policy...

A global wave of reform is fundamentally transforming both the nature and the role of the state in advanced national economies. This book provides a fresh and readily accessible perspective on the political economy of this megatrend. It traces the theoretical roots of public sector reforms to conceptual developments in public economics, which revolve around debates on the relative importance of market and government failure. The book then breaks new ground by developing an economic theory of leadership to explain how policy entrepreneurs and policy networks can drive the direction of reform...