{"product_id":"9780631176930","title":"Information, Strategy and Public Policy","description":"\u003ch1\u003eInformation, Strategy and Public Policy\u003c\/h1\u003e\u003ch3\u003eDavid Vines | Andrew Stevenson\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cp\u003eIn this volume, some of the world’s finest economists address a theme which is once again at the heart of both economic theory and international economic policy, namely the appropriate role for policy in a market economy. Can Adam Smith’s ‘invisible hand’ mechanism be expected to allocate resources efficiently to meet the needs of society and is the role of government therefore limited at best? The authors draw on recent theoretical advances in the study of imperfect information and strategic behaviour to argue that the models of classical welfare economics are insufficient as a framework for understanding modern market economics.  \u003c\/p\u003e\n\u003cp\u003eThe first two chapters by Joseph Stiglitz and Frank Hahn represent assaults on the fundamental theorems of welfare economics: the notion of pareto-efficiency and the ability of the price mechanism to achieve it. Taking this as their lead, subsequent chapters focus on specific examples of market failure – the environment, the peristence of high levels of unemploement and the strategic behaviour of governments in the making of international economic policy.  \u003c\/p\u003e\n\u003cp\u003eThe book represents a remarkable and accessible insight into the dilemmas of modern economics. It also demonstrates the fundamental role economic analysis has to play in the understanding of real problems and the formulation of appropriate policy. \u003c\/p\u003e\n\u003cp\u003e\u003ci\u003eContributors\u003c\/i\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003ePartha Dasgupta\u003c\/b\u003e Cambridge University and Stanford University  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eFrank Hahn\u003c\/b\u003e Cambridge University  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eEdmond Malinvaud\u003c\/b\u003e College de France  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eKenneth Rogoff\u003c\/b\u003e University of California at Berkeley  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eAndrew A. Stevenson\u003c\/b\u003e University of Glasgow  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eJoseph E. Stiglitz\u003c\/b\u003e Stanford University  \u003c\/p\u003e\n\u003cp\u003e\u003cb\u003eDavid Vines\u003c\/b\u003e University of Glasgow\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e \u003cp\u003eDavid Vines is Adam Smith Professor and Andrew Stevenson is senior lecturer in Economics at the University of Glasgow. \u003c\/p\u003e \u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e02 September 1991\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eWiley-Blackwell\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9780631176930\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e184\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e13.0\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":45985792983180,"sku":"9780631176930","price":53.96,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9780631176930_154eacc7-f4ff-46c5-b4de-3447eec9c602.jpg?v=1780192697","url":"https:\/\/lateknightbooks.com\/products\/9780631176930","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}