The Foundations of Economic Policy
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The Foundations of Economic Policy by Nicola Acocella
Recent developments in public economics have largely been in the direction of reaffirming the limits of the market and of establishing new ones. The possible existence of fundamental non-convexities, imperfect and asymmetric information, incentive compatibility, imperfect competition, strategic complementarity, and scale economies led to the conclusion that a large set of market failures exist; such situations also imply government failure. Acocella, considers this complicated picture and provides a discussion of the different approaches to establishing social 'rankings' of the possible situations and the underlying principles. The arguments for and against different institutions are then analysed at a micro and macroeconomic level. The market and the government are recognised as imperfect, and thus complementary, institutions. Specific policy targets and instruments are considered in the areas of micro and macro-economic policy. Special attention is devoted to questions of policy management in an open economy. Finally, problems of domestic and international policy co-ordination are considered.
'Professor Nicola Acocella has provided an illuminating and challenging account of the foundations of economic policyHis analysis covers the established ground as well as providing new departures, the book is a rich addition to the existing literature.' Amartya Sen, Trinity College, Cambridge
Acocella, Nicola: - Nicola Acocella is Emeritus Professor of Economic Policy, Sapienza University, Rome. His fields of specialisation include welfare economics, theory of economic policy, policy games, and monetary and fiscal policy, amongst others. He has published in prominent journals and authored a number of books, including Economic Policy in the Age of Globalisation (2005), and, with Giovanni di Bartolomeo and Andrew Hughes Hallett, Macroeconomic Paradigms and Economic Policy (Cambridge, 2016).
| SKU | Unavailable |
| ISBN 13 | 9780521586382 |
| ISBN 10 | 0521586380 |
| Title | The Foundations of Economic Policy |
| Author | Nicola Acocella |
| Condition | Unavailable |
| Binding Type | Paperback |
| Publisher | Cambridge University Press |
| Year published | 1998-10-01 |
| Number of pages | 540 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |