A Moderate Compromise: Economic Policy Choice in an Era of Globalization

by S. Suranovic

Overview

Looking at all sides of the globalization debate, this book analyzes how international economic policy is made and how it has become so controversial. The author offers a solution to the debate between free trade/unregulated markets and the push for greater government involvement that is consistent with both economic efficiency and social justice

Product Details

ISBN-13:	9780230105171
Publisher:	Palgrave Macmillan US
Publication date:	01/19/2011
Edition description:	2010
Pages:	267
Product dimensions:	5.70(w) x 8.30(h) x 0.80(d)

About the Author

STEVE SURANOVIC Associate Professor of Economics and International Affairs at the George Washington University, USA.

Table of Contents

List of Illustrations vii

Preface ix

Acknowledgments xvii

1 Introduction 1

2 Why Economic Theory Cannot Tell Us What to Do about Policy 13

3 Why Empirical Data Cannot Tell Us What to Do about Policy 43

4 Why Fairness Cannot Tell Us What to Do about Policy 67

5 Why Democracies Will Not Choose the Best Policies 87

6 The Pursuit of Profit 113

7 Involuntary Transfers 133

8 Voluntary Exchange and Competition 157

9 Voluntary Transfers 189

10 A New Guide to Policy Choice in an Era of Globalization 205

11 A Policy Plan for the United States 241

Notes 251

Bibliography 259

Index 263

Editorial Reviews

"Suranovic offers a timely and accessible new perspective on economic issues in the era of globalization. In this thought-provoking work, he tackles common misconceptions and proposes principled ways to bridge the chasms between the extremes of modern policy debates." - Philip I. Levy, Resident Scholar in Economics at the American Enterprise Institute"Recommended." - Choice

From the Publisher