Is economic efficiency a sound basis upon which to make public policy or legal decisions? In this sophisticated analysis, Richard S. Markovits considers the way in which scholars and public decision-makers define, predict, and assess the moral and legal relevance of economic efficiency. The author begins by identifying imperfections in the traditional definition of economic efficiency. He then develops and illustrates an appropriate response to Second-Best Theory and investigates the moral and legal relevance of ...
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Is economic efficiency a sound basis upon which to make public policy or legal decisions? In this sophisticated analysis, Richard S. Markovits considers the way in which scholars and public decision-makers define, predict, and assess the moral and legal relevance of economic efficiency. The author begins by identifying imperfections in the traditional definition of economic efficiency. He then develops and illustrates an appropriate response to Second-Best Theory and investigates the moral and legal relevance of economic-efficiency analyses. Not only do virtually all economic, legal, and public policy thinkers misdefine economic efficiency, the author concludes, they also ignore or respond inadequately to Second-Best Theory when analyzing the economic efficiency of public choices and misassess the relevance of economic-efficiency conclusions both for moral evaluations and for the answer to legal-rights questions that is correct as a matter of law.
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Add this copy of Truth Or Economics: on the Definition, Prediction, and to cart. $12.00, very good condition, Sold by Bob's Book Journey rated 5.0 out of 5 stars, ships from Austin, TX, UNITED STATES, published 2008 by Yale University Press.
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Very Good in Fair jacket. Book. 8vo-over 7¾-9¾" tall. Haedover, x, 507 pp., unclipped jacket. First Printing, complete number line. Covers with light shelf wear, no owner names or gift notes, clean text, tight binding. Jacket is tattered.
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Good-Bumped and creased book with tears to the extremities, but not affecting the text block, may have remainder mark or previous owner's name-GOOD Standard-sized.
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New in New jacket. Cloth. First printing. Very fine in a very fine dust jacket. A pristine copy, new and unread. Smoke-free. Shipped in well-padded box.