Dynamics of the Mixed Economy: Toward a Theory of Interventionism / Edition 1

by Sanford Ikeda

Overview

Dynamics of the Mixed Economy applies the insights of modern Austrian political economy to examine economic policy in mixed economies.
It compares and contrasts standard approaches to the growth of the state (including public choice) with that of modern Austrian political economy; examines in detail the nature and operation of the interventionist process in the context of nationalization, regulation and the welfare state; analyzes conditions that produce instability under laissez-faire capitalism; argues that the interventionist process is a 'spontaneous order'; and offers several 'pattern predictions' regarding the character and behaviour of really existing economies.

Product Details

ISBN-13:	9780415089333
Publisher:	Taylor & Francis
Publication date:	12/05/1996
Series:	Routledge Foundations of the Market Economy , #9
Edition description:	New Edition
Pages:	320
Product dimensions:	5.44(w) x 8.50(h) x (d)
Lexile:	1720L (what's this?)

Table of Contents

1. The Challenge of the Mixed Economy 2. The Meaning of Interventionism 3. The Use of Knowledge in Government and Catallaxy 4. Toward a Theory of Interventionism I: The Framework 5. Toward a Theory of Interventionism II: Roads to Collectivism 6. The Instability of the Minimal State 7. Implications and Pattern Predictions 8. Whither the Mixed Economy?

Editorial Reviews

Ikeda (economics, State U. of New York-Purchase) applies the insights of modern Austrian political economy to the mixed-economy model that has become dominant since the collapse of the centrally planned economies. He examines the nature and operation of such intervention as nationalization, regulation, and welfare; and predicts near-term and long-term repercussions under conditions of dispersed knowledge and radical ignorance in both the market and the government. He comes up with some troubling conclusions about the prospects for mixed economies. Annotation c. by Book News, Inc., Portland, Or.

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