9780312212629
Choice and Public Policy: The Limits to Welfare Markets
Economic and Social Research Council (Great Britain)
ISBN 13: 9780312212629
Publisher: Palgrave Macmillan
Publication Date: 1998
Binding: Hardcover
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The choices we make in everyday life and the choices made by firms and governments in economic planning have become at once more complex and more decisive in their impact. Working life has become more flexible and insecure. Many people have more money to spend and more choices to make while some do not. Public services are increasingly organized according to a market logic. The pressures of international competition are affecting more aspects of commercial and industrial life. This book draws on economics, psychology, sociology and public policy analysis to demonstrate that the rational choice through a calculative deliberation between alternatives and respond to the incentives of price and opportunity on the basis of self-interest, and which underlies much contemporary public policy-making, is misleading. The new policies of active consumerism, privatization and the expansion of markets are seriously flawed.
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