The Failure of Markets

Energy, Housing and Health

Craig Allan Medlen

$83.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Routledge
25 September 2023

Public finance

Series: Routledge Frontiers of Political Economy

"The core thesis of this book is that the major economic issues of renewable energy, housing, health and income disparities could best be addressed through direct government ""in kind"" production and redistributive measures.

It is argued that this governmental ""in kind"" production of essential needs would allow a rapid movement towards solutions that the market cannot possibly match. The market works through indirect means. So, it is no mystery why in the areas of energy, housing and health, problems are not only formidable but in many respects are getting worse. In contrast, governmental ""in kind"" production would be direct. Outcomes could be explicitly planned and managers would be publicly accountable. This shift in production should be accompanied by redistributive measures through higher taxes on corporations and the rich and the possible adoption of monetary policies in line with Modern Monetary Theory (MMT). Relatedly, the book demonstrates that the current lack of imaginative solutions results from a paralysis of imagination, rooted deeply in nineteenth century liberalism that held that the market was to serve all issues. A progressive agenda today needs to separate out ""needs"" from ""wants"" and to engage government production in the service of collectivist needs. ""In kind"" production would infuse a democratic component within the economy. The last chapter of the book also deals with how the ideology of neoliberalism blocks even the contemplation of governmental production in the service of people’s needs.

This accessible work will be of significant interest to anyone seeking original solutions to age-old problems, particularly readers of public policy, heterodox economics, progressive politics and MMT. More generally, it is of interest to scholars"

By: Craig Allan Medlen
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9781032192444
ISBN 10: 1032192445
Series: Routledge Frontiers of Political Economy
Pages: 122
Publication Date: 25 September 2023
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

Craig Allan Medlen is Professor Emeritus at Menlo College, California, USA.