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Dysfunctions of the Welfare State Joel Clarke Gibbons

Dysfunctions of the Welfare State

Joel Clarke Gibbons

Published December 31st 2011
ISBN : 9781412843683
ebook
244 pages
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 About the Book 

This book pins down the major contributors to these distortions in a number of specific areas, including education, science and engineering, hospitals and other medical facilities, the public utility transmission grids, and in the trade deficit. ItMoreThis book pins down the major contributors to these distortions in a number of specific areas, including education, science and engineering, hospitals and other medical facilities, the public utility transmission grids, and in the trade deficit. It also pursues the distortions caused by shortsighted public policy in the capital markets. The book concludes with a discussion of market efficiency and inefficiency leading to the conclusion that policy intervention into the capital markets reduces their capacity to allocate capital productively. The author addresses this broad topic from the unique perspective of someone who has contributed both to the theoretical analysis and to the actual practice markets.