Market Failure in Context (History of Political Economy Annual Supplement) - Hardcover

Hardcover

ISBN 10: 0822368331 ISBN 13: 9780822368335

Publisher: Duke University Press Books, 2016

Synopsis

This volume explores the social, political, and intellectual contexts in which twentieth-century notions of market failure were developed. Markets can fail to perform in ways that best promote the larger interests of society: this idea is as old as economics itself and is one of the most crucial issues with which economic thinkers have had to grapple. However, while the history of the theory of market failure has received some critical examination, little attention has been paid to the larger contexts in which these theoretical analyses emerged. Contributors to this volume directly examine these contexts to gain a greater understanding of and appreciation for the influence of external ideas and events on the development of economic theories and to stimulate additional scholarship around this important facet of the history of economics.

Contributors. Nahid Aslanbeigui, Roger E. Backhouse, Bradley W. Bateman, Sebastian Berger, David Colander, J. Daniel Hammond, Marianne Johnson, Thomas C. Leonard, Alain Marciano, Steven G. Medema, Guy Oakes, Malcolm Rutherford, John D. Singleton

About this title

About the Author

Alain Marciano is associate professor of economics at the University of Montpellier and coeditor of A Guide to Posner’s Economic Analysis of Law. 

Steven G. Medema is Distinguished Professor of Economics at the University of Colorado at Denver and the author of The Hesitant Hand: Taming Self-Interest in the History of Economic Ideas.

Edition details

• Publisher: Duke University Press Books
• Publication date: 2016
• Language: English
• ISBN 10: 0822368331
• ISBN 13: 9780822368335
• Binding: Hardcover
• Number of pages: 280
• Editor: Marciano Alain, Medema Steven G.