Economists and the State: What Went Wrong - Hardcover

Roth, Timothy P.

 
9781781951927: Economists and the State: What Went Wrong
Hardcover
ISBN 10: 1781951926 ISBN 13: 9781781951927
Publisher: Edward Elgar Publishing, 2014

Synopsis

Economists and the State shows how modern economists have strayed far from Adam Smith's procedurally based, consequence-detached political economy. Timothy P. Roth argues that this wrong turn has left economists ill-equipped to address an expanding federal enterprise and new threats to our self-governing republic. He subsequently sets out to offer ways to redress this.

Making the case for a return to the moral and political philosophy that informed Adam Smith's 'science of the statesman or legislator,' this book argues that economists must reject their relentlessly utilitarian, teleological theory of the state and embrace Nobel Laureate James M. Buchanan's constitutional political economy project. The author outlines the specific requirements of a non-teleological conception of the state - a conception that is vital to the continuing development of a theory of the state informed by a prior ethical commitment to the moral equivalence of persons.

This book will appeal to scholars and students of political economy, political thought, public choice economics and Austrian economics as well as to practitioners and policy-makers interested in how economics should support those serving the public.

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About the Author

Timothy P. Roth, A.B. Templeton Professor and Chairman, Department of Economics and Finance, University of Texas, El Paso, US

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Publisher
Edward Elgar Publishing
Publication date
2014
Language
English
ISBN 10 
1781951926
ISBN 13 
9781781951927
Binding
Hardcover
Number of pages
192