Government and the Economy

Government and the Economy

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Today's economic environment is in constant flux, as is the participation of governments in it. Local, state, national, and global governmental agencies have taken on new responsibilitiesa€”with both positive and negative economic consequences. This book looks at the changing role of American government in the economy, from determining the measurements of economic health, to being mindful of corporate sustainability, to legislating business practices and consumer affairs. This comprehensive collection of essays draws from the contributions of 25 economic scholars along with seasoned educators David A. Dieterle and Kathleen C. Simmons to examine economic systems and the factors that influence them. The work includes summaries of important Supreme Court cases that have impacted America's economic infrastructure, biographies of famous economists, and descriptions of the seven key economic systemsa€”command (socialism), democratic socialism, fascism, market (capitalism), state capitalism, transitional, and welfare state.The three key sources of market failure are externalities, public goods, and imperfect information. ... To correct for a negative externality such as ... In some cases, this is because governments do not have information to correct the problem.

Title:Government and the Economy
Author:David A Dieterle Ph.D., Kathleen M. Simmons
Publisher:ABC-CLIO - 2014-10-14


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