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Truth or economics : on the definition, prediction, and relevance of economic efficiency /
Is economic efficiency a sound basis upon which to make public policy or legal decisions? In this analysis, Richard Markovits considers the way in which scholars and public decision-makers define, predict, and assess the moral and legal relevance of economic efficiency.
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New Haven, Conn. ; London :
Yale University Press,
©2008.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- pt. I. The definition of economic efficiency. The correct definition of the impact of a choice on economic (allocative) efficiency ; A critique of the definitions of and tests for economic efficiency that economists and law and economics scholars use
- pt. II. The assessment of economic efficiency. The distortion-analysis approach to economic-efficiency assessment ; Some second-best-theory critiques of canonical allocative-efficiency analyses and of the standard justifications for ignoring second best
- pt. III. The relevance of allocative-efficiency conclusions. The prescriptive-moral and legal relevance of allocative-efficiency conclusions ; A critique of various relevance arguments made by economists and law and economics scholars.