Beyond Politics: The Roots of Government Failure

Traditional public policy and welfare economics have held that “market failures”—the presumed inability of a free market to deliver certain goods and services deemed to be in the public interest—are common and require government intervention to protect the public good. But is this actually the case?

Beyond Politics carefully scrutinizes this view through the modern theory of public choice and systematically explains how government is producing a scandal of political myopia, economic stagnati...