Economic studies historically have either extolled the virtues of perfect markets or decried the market's shortcomings, proposing that governments correct market failure. This book proposes as a counterweight to these views a theory of nonmarket failure, and examines in great detail the shortcomings of government efforts to replace or to regulate markets. It is an unusually thorough analysis that can be used to make more systematic comparisons between markets and governments and to arrive at more intelligent choices between them.After reviewing the existing theory of market shortcomings, Wolf develops a parallel framework for analyzing the shortcomings of government, elaborating the inherent characteristics of government operations and the problems they present. He then considers how these predictable types of nonmarket failure can be taken into account in improving the formulation of public policy. And he compares market and nonmarket alternatives, both in their theoretical and empirical aspects.Wolf concludes that, while both markets and governments have inherent shortcomings, and the choice between them is never a pure one (real-world situations always involve some combination of the two alternatives), markets do a better job than governments. They are more efficient according to both static and dynamic criteria. With respect to equity and other non-efficiency considerations, however, both markets and governments have strengths and weaknesses. Finally, Wolf points out that government can play an important role in improving and extending the functioning of markets. And, perhaps most controversially, he argues that market forces themselves can play an important role in improving thefunctioning of government. They can reduce the incidence of nonmarket failure by injecting market incentives into government operations.Charles Wolf, Jr. is Dean of the RAND Graduate School of Policy Studies and director of the RAND Corporation's Research Program in International Economic Policy. He was chairman of RAND's Economics Department for 12 years, and has written widely in the fields of economics, defense policy, and foreign policy. A RAND Corporation Research Study.

Markets or Governments: Choosing Between Imperfect Alternatives

Business & Money

Wolf, Charles

Economics

Mit Pr

The Future of the Soviet Empire

Rowen, Henry S.

PALGRAVE~MACMILLAN

Most available literature on foreign aid lacks precise terminology, reliable data, and a theory that; permits profiting from experience. This book tries to meet some of these difficulties by analyzing the foreign aid record of the US in a specific region. It points the way toward improving allocation of aid in an area when the total to be allocated has been set.Originally published in 1960.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Foreign Aid: Theory and Practice in Southern Asia (Princeton Legacy Library)

Princeton University Press

Most available literature on foreign aid lacks precise terminology, reliable data, and a theory that; permits profiting from experience. This book tries to meet some of these difficulties by analyzing the foreign aid record of the US in a specific region. It points the way toward improving allocation of aid in an area when the total to be allocated has been set.
Originally published in 1960.
The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Will the European Union have the resources to upgrade the capabilities of the Rapid Reaction Force in the coming decade?

European Military Prospects, Economic Constraints, and the Rapid Reaction Force (2001)

Engineering & Transportation

Engineering

Rand Publishing

THE INDONESIAN STORY- The Birth, Growth and Structure of the Indonesian Republic. PREFACE: It is not surprising that the islands of the Indies have more than once been referred to as the cultural melting pot of Asia. The founding of the Hindu kingdom of Taruma in Western Java brought the rich heritage of ancient India to Indonesia over 1200 years ago. Later, pilgrims from India introduced Gau tamas teachings to the islands, and in the 8th and 9th centuries Buddhism reached its apogee with the hegemony of the Sumatran Empire of Shrivijaya. The remarkable Borobodur, with its countless carved stone figures of the Buddha, still stands in Middle Java as a monument to Buddhist art. In the 14th century the Madjapahit Empire, extending from New Guinea in the East to Sumatra in the West, brought about a fusion of the Brahman-Buddhist strains in Indonesian culture. Madjapahit later fell before the crusading vigor of Islam. By the end of the 15th century Mohammedanism had been accepted in all of Java and thence it spread to other parts of the archipelago. The acceptance of Islam was in many cases merely nominal. To this day Hindu influence remains in Indonesia as a sort of subtle pantheism, combined with a naturalist paganism in the more remote parts of the islands. In Bali and several of the remoter parts of Indonesia, Islam has never been adopted. There the Brahman-Buddhist-naturalist traditions have endured to the present day, still basically unchanged. Western penetration into Indonesia began in the 16th century with the arrival of the Portuguese, who were ousted in 1595 by the Dutch. Gradually bringing the outer islands under formal control, the Dutch erected a colonial structure which was to last until World War II. But as the Dutch colonial structure matured, Indonesian nationalism evolved. The nationalist movement gathered increasing momentum after the turn of the century. When the Japanese occu pied the islands at the start of 1942, it grew at an accelerated pace and with Japans surrender, the nationalists prepared for what they hoped would be a new era in Indonesias history. On August 17 1945, the Republic of Indonesia proclaimed its independence. This is where the present book begins. For the people of Indonesia, the surrender of the Japanese to the Allies meant the beginning rather than the end of war or more pre cisely, it meant the beginning of their war and the end of a foreign war. They had been affected by World War II. It had been waged partly on their lands and seas. They had suffered during four years under a Japanese misrule harsher than anything they had expe rienced during three hundred and fifty years of Dutch colonialism. But in Indonesia, and the other areas of Southeast Asia, the people had never really become a party to or partisans of the war. There were small pro-Ally resistance groups in Indonesia, and a few ardent Japanese supporters as well. But in general, World War II remained for the people of Indonesia a struggle among alien forces. During the Japanese occupation, the seeds of Indonesian national ism burgeoned. To some degree this was the result of Japanese propaganda. To a larger degree it was independent of Japanese in fluence and quite often a reaction against it. Starting from the as sumption that the Japanese overlord was only a temporary master, the intellectual leaders of the nationalist movement in Indonesia began to prepare for their real problem resistance to a post-war restoration of colonialism...

The Indonesian story;: The birth, growth, and structure of the Indonesian Republic

Greenwood Press

Histoire De L'observatoire De Paris De Sa Fondation À 1793 (French Edition)

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Biographies & Memoirs

Legare Street Press

Astronomie Et Géodésie: Cours Professé À La Sorbonne (French Edition)

Children's Books

Nabu Press

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