Markets, State, and People offers a new way of approaching public economics, by stressing the basics of welfare economics and the interplay between individual and collective choices. It fills a gap by showing how economic theory relates to current policy questions, with a look at incentives, institutions, and efficiency. How should resources in society be allocated for the most economically efficient outcomes, and how does this sit with society’s sense of fairness?
Markets, State, and People: Economics for Public Policy
