Economists direct their research mainly to the technical frontiers of the discipline. But the actual decisions of political economy are made, not by experts, but by ordinary public officials and voters the "Everyman." However, the task of educating the Everyman is neglected, sometimes even denigrated, by academic economists.
Daniel Klein has here gathered essays of 9 great economists of this century Friedrich Hayek, Ronald Coase, Thomas Schelling, Gordon Tullock, Israel Kirzner, Frank Graham, William Hutt, Clarence Philbrook, and D. McCloskey addressing the existential issue for...
Economists direct their research mainly to the technical frontiers of the discipline. But the actual decisions of political economy are made, not b...
The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications for many public policies are dissolving as technology advances. As new detection and metering technologies are being developed for highways, parking, and auto emissions, and information becomes more accessible and user-friendly, this volume argues that quality and safety are better handled by the private sector. As for public utilities, new means of producing and delivering electricity, water, postal, and telephone services dissolve the old...
The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications...
The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications for many public policies are dissolving as technology advances. As new detection and metering technologies are being developed for highways, parking, and auto emissions, and information becomes more accessible and user-friendly, this volume argues that quality and safety are better handled by the private sector. As for public utilities, new means of producing and delivering electricity, water, postal, and telephone services dissolve the old...
The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications...
Transit services in the United States are in trouble. Ridership has dwindled, productivity has declined, and operating deficits have widened. The traditional approaches to running transit systemsgovernment planning or operation of bus and rail services, government subsidization of private operations, heavy regulation of all transit modeshave failed, and there is little hope of their ever succeeding under current practices. But public transportation cannot simply be abandoned. Can it, then, be made more self-supporting and efficient? The authors of this book say it's time to rethink the...
Transit services in the United States are in trouble. Ridership has dwindled, productivity has declined, and operating deficits have widened. The trad...
Adam Smith and Friedrich Hayek saw the liberty principle as focal and accorded it strong presumption, but their wisdom invokes how little we can know. In Knowledge and Coordination, Daniel Klein re-examines the elements of economic liberalism. He interprets Hayek's notion of spontaneous order from the aestheticized perspective of a Smithian spectator, real or imagined. Klein addresses issues economists have had surrounding the notion of coordination by distinguishing the concatenate coordination of Hayek, Ronald Coase, and Michael Polanyi from the mutual coordination of Thomas Schelling and...
Adam Smith and Friedrich Hayek saw the liberty principle as focal and accorded it strong presumption, but their wisdom invokes how little we can know....
