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The fourth edition of this popular textbook draws on recent developments in social issues, placing them within an economic framework that provides both an introduction and a clear analysis of these concerns. The authors have retained the established structure of previous editions while expanding their outlook to delve into the economics of poverty and social exclusion, crime and the ageing population in addition to thoroughly updating sections on health, environment and education among others.
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The fourth edition of this classic textbook has been substantially revised to reflect changing social problems as well as recent policy developments. It adopts a common approach to each social problem, asking what are the government's efficiency and equity objectives and looking at the extent to which they can be achieved through market-based or government interventions. The use of a simple yet rigorous economic framework makes this an essential introductory textbook for those with little experience of economics who are interested in how economic tools can be used to understand and shape public policy.
The fourth edition features:
LE GRAND is Richard Titmuss Professor of Social Policy at the London chool of Economics. He is a leading authority on the economics of the welfare state and has published extensively in the area.
SMITH is Senior Research Fellow at The Centre for Market and Public Organisation at the University of Bristol. She has taught public policy at LSE and is a pensions expert.
PROPPER is Professor of Economics of Public Policy at The Centre for Market and Public Organisation at the University of Bristol. She specializes in the economic analysis of health-care markets and has published in economics and professional journals.
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