Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives

A theory of market failures is well established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government. This new edition updates the data and results contained in the first edition and includes references and applications of the theory to the ongoing process of system transformation in Russia, Ukraine, and Eastern Europe. The discussion of earlier literature that is relevant to the theory of nonmarket failure has been expanded.  Charles Wolf, Jr., is Dean of the RAND Graduate School of Policy Studies and Director of RAND's research program in International Economic Policy.

Business & Money

Wolf Jr., Charles

Economics

Mit Pr

Provides a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government.
A theory of market failures is well established in economics, but the same has not been true for the study of nonmarket failures. Markets or Governments remedies this situation by providing a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government. This new edition updates the data and results contained in the first edition and includes references and applications of the theory to the ongoing process of system transformation in Russia, Ukraine, and Eastern Europe. The discussion of earlier literature that is relevant to the theory of nonmarket failure has been expanded.

MIT Press]

In this wide-ranging collection of essays first published between 2007 and 2014, Charles Wolf Jr. shares his insights on the world’s economies, including those of China, the United States, Japan, Korea, India, and others. First appearing in such periodicals as in Forbes, the Wall Street Journal, and the Weekly Standard, among others, these chapters take on a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China’s political economy and in its interactions with the United States. He analyzes the shortcomings of Keynesian economics as a response to the 2008 recession, as well as the weaknesses of policies and actions inferred from the theory, and compares those weaknesses with those of austerity policies intended to limit government spending and indebtedness. He also offers his views on economic inequality and where its principal sources may truly lay, China’s currency and the continuing controversy about whether and when it may become a major international reserve currency, and many more insights on key economic issues affecting the global economy. Bringing these essays together for the first time in a single volume, including two essays not yet published elsewhere, this book enables the reader to absorb the author’s expert perspective during the years in a collection in which the whole is truly greater than the sum of its parts. Each chapter includes a brief “postaudit” in which the author attempts to grade how well or ill the essay seems in retrospect.

Puzzles, Paradoxes, Controversies, and the Global Economy

Hoover Institution Press

China and India, the world¹s two most populous countries, will exercise increasing influence in international affairs in the coming decades. This document assesses the relative prospects of China and India through 2025 in four domains: demography, macroeconomics, science and technology, and defense spending and procurement. In each domain, the authors try to answer the following questions: Who is ahead? By how much? and Why?

China and India, 2025: A Comparative Assessment

Larson, Eric V.

Akhmedjonov, Alisher R.

Montoya, Silvia

DaVanzo, Julie

Dalal, Siddhartha

Dogo, Harun

Huang, Meilinda

RAND Corporation

This report evaluates recent and proposed Chinese foreign investment. It aims to improve understanding of China's foreign investment patterns and strategy and considers how U.S. national security might be compromised as well as how the United States and China can benefit from such investment. It provides a method for assessing national security risks and benefits, compares Chinese investment patterns in the United States with those of other U.S. investors, compares Chinese investment patterns in the United States with Chinese investment patterns elsewhere, and draws conclusions from its findings. The authors show that these patterns are distinctive, selective, and flexible. They conclude that both risks and benefits are important to assess in evaluating the effects of increased Chinese investment. They urge analysts to track Chinese investments through a "wider lens," comparing patterns of investment in the United States with patterns elsewhere to gain a greater understanding of Chinese investment.

China's Expanding Role in Global Mergers and Acquisitions Markets (Rand Corporation Monograph)

Harold, Scott

Chow, Brian G.

Jones, Gregory S.

"When all too many so-called experts see things as they wish they were, Charles Wolf analyze facts to provide genuine insights into the past, present and future. This makes him an invaluable source for anyone who seeks to understand economic, political and security issues and trends."--Karen Elliott House, Wall Street JournalWolf's most probing essays, spanning several subjects appears here.

The Economic Pivot in a Political Context

Routledge

"When all too many so-called experts see things as they wish they were, Charles Wolf analyze facts to provide genuine insights into the past, present and future. This makes him an invaluable source for anyone who seeks to understand economic, political and security issues and trends."--Karen Elliott House, Wall Street Journal Wolf's most probing essays, spanning several subjects appears here.

The Economic Pivot in a Political Context (Rand Studies Published With Transaction)

See the best price to sell, buy, or rent books by Wolf Jr., Charles. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Wolf Jr., Charles

See the best price to sell, buy, or rent books by Wolf Jr., Charles. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives

Markets or Governments - 2nd Edition: Choosing between Imperfect Alternatives

Puzzles, Paradoxes, Controversies, and the Global Economy

China and India, 2025: A Comparative Assessment

China's Expanding Role in Global Mergers and Acquisitions Markets (Rand Corporation Monograph)

The Economic Pivot in a Political Context

The Economic Pivot in a Political Context (Rand Studies Published With Transaction)