Public Policy and Economic Theory

by J. M. Oliver, G. H. Webster

Overview

Originally published in 1970 this textbook on applied economics focusses on those parts of theory which have specifically made a contribution to policy problems. The book provides a coherent treatment of the subject at a particular level – the subject being the application of economic theory to government intervention in the economy. The first part deals with the techniques and size of such intervention and the accepted objectives. It also uses economic analysis to show that the goals of government policy will not be produced by a free-market mechanism and so the government is obliged to intervene in the economy once it has chosen particular policy aims. Part 2 analyses specific examples of intervention.

Product Details

ISBN-13:	9781041084211
Publisher:	Taylor & Francis
Publication date:	08/01/2025
Series:	Routledge Library Editions: Public Policy
Pages:	334
Product dimensions:	6.12(w) x 9.19(h) x (d)

Table of Contents

Part 1. 1. A Classification of Government Economic Intervention – The Current Structure of Government Expenditure, 2. The Aims of Government Policy. 3. An Account Of The Conventional Theory of Resource Allocation in a Market Economy 4. The Theoretical Basis of Economic Growth 5. An Account of the Conventional Theory of National Income Determination Part 2. 6. Control of the Economic Environment by Monetary, Fiscal, Physical and Exhortatory Policy 7. Analytic Aids to Planning 8. Government Intervention by Ownership of the Factors of Production 9. Government Intervention by the Provision of Finance without the Exercise of Day-to-Day Control 10. Government Intervention by Legislation: Monopolies and Restrictive Practices 11. Government Intervention by Legislation: Location of Industry and Regional Policy.