Economists and the State (Hardcover)

Timothy P. Roth

ISBN 10: 1781951926 / ISBN 13: 9781781951927

Published by Edward Elgar Publishing Ltd, Cheltenham, 2014

About this Item

Hardcover. 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. Economists and the State shows how modern economists have strayed far from Adam Smiths procedurally based, consequence-detached political economy. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

Seller Inventory # 9781781951927

Bibliographic Details

• Title: Economists and the State (Hardcover)
• Publisher: Edward Elgar Publishing Ltd, Cheltenham
• Publication Date: 2014
• Language: English
• ISBN 10: 1781951926
• ISBN 13: 9781781951927
• Binding: Hardcover
• Condition: new

About this title

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.

About the Author

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