Demand Revelation And The Provision Of Public Goods

The demand revelation process has been called a new and superior process for making social choices and holds some promise of creating an intellectual revolution in economics and politics. It relies on a so-called “Clarke tax” or pivot mechanism to ensure that individuals will adequately consider the social cost of their influence on social outcomes, thereby ensuring truthful revelation of preferences and overcoming the “free rider” problem of public goods provisioning. Demand Revelation and the Provision of Public Goods outlines Clarke’s approach to use demand revelation in the creation of demand revealing markets accompanied by the improved management of social entitlements to public goods and services. Based on these refinements, he shows ways to achieve improved government performance in areas of taxation, spending and government regulatory management. In this revised edition of his original 1980 book, Clarke reviews other recent related work, notably Martin Bailey’s Constitution for a Future Country, which describes in detail how these advances in an improved political economy can be achieved.

Provides decision makers, policy analysts, and social scientists, with a detailed discussion of a new techniques for the valuation of goods not traded in prevate markets.

Originally published in 1992 Economics for the Wilds argues that an economics that properly values the resources of the wilds offers the best long-term security for their future. Most of the world’s wilds have, in fact, always been utilized by local societies who have managed their resources sustainably, and one important guarantee for their preservation is therefore the continued participation of those communities and an adequate reward to them for their management. The book looks at the complexity and global nature of the issues, at the application of economics to the wilds and at the policies for their conservation and sustainable management which then result. It also examines specific forms of utilization of wild species and habitats, both sustainable and unsustainable, and including community-based development, tourism, the use of rainforest products, poaching and the impact of conservation on wildlife use. The book concludes that a comprehensive utilization strategy for wild resources is needed to ensure their continued existence and the continued flow of benefits from them.

Aaron Wildavsky, along with Mary Douglas, identified what they called grid-group theory. Wildavsky began calling this "cultural theory," and applied it to an astounding array of subjects. The essays in this volume exemplify the theory's potential contributions to three seemingly disparate, but related, areas: the social construction of meaning, normative/analytic political philosophy, and a theory of rational choices. This book is the first in a series of Aaron Wildavsky's collected writings being published posthumously by Transaction. Wildavsky selected, sequenced, and grouped all but three of the essays included in Culture and Social Theory prior to his death. Some are presented here for the first time. Wildavsky's cultural theory provides ways to organize and interpret the world. In the first section, he shows how social scientists, particularly economists and sociologists, apply the theory. Wildavsky argues that concepts such as externalities, public goods, altruism, and even risk and rape are tools of rival, ubiquitous cultures engaged in perpetual struggle with one another. The second section deals with cultural theory as a way to interpret the works of normative and analytic political philosophers, including Thomas Hobbes and John Stuart Mill, on competing human objectives. Wildavsky argues that particular types of interaction among a society's cultures are necessary for effective realization of basic concepts such as democracy. In the third section, Wildavsky applies cultural theory in conjunction with instrumental rationality, the former as a theory of preference formation, the latter as a device for realizing preferences efficiently. High-priority objectives, and thus the character of norms and rational action, shift across cultures. The world and its various elements comprise a complex, frequently changing, and thus ambiguous reality, nowhere more so than in the dynamic contours of the United States. For cultural theory, individualistic, hierarchical, and egalitarian interpretations of the world are the only ones capable of forming and sustaining institutions and related patterns of social relations that will support human social groups. Wildavsky's central objective is to strip away the camouflage and to reveal varying domains of social life as fields of cultural competition. Culture and Social Theory will be a necessary addition to the libraries of political scientists, economists, and policymakers, not to mention all those who admire Aaron Wildavsky and his work.

This book places economic debates in their historical context and outlines how economic ideas have influenced swings in policy.

This argues that Perestroika failed as the result of the lack of understanding of market and political processes with reform processes representing