Markets are taken as the norm in economics and in much of political and media discourse. But if markets are superior why does the public sector remain so large? Avner Offer provides a distinctive new account of the effective temporal limits on private, public, and social activity. Understanding the...

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Bibliographic Details

Main Author:	Offer, Avner 1944- (Author)
Format:	Electronic eBook
Language:	English
Published:	Cambridge Cambridge University Press 2022
Subjects:	Economics Welfare economics Free enterprise Public administration Public-private sector cooperation
Online Access:	BSB01 UBG01 Volltext
Summary:	Markets are taken as the norm in economics and in much of political and media discourse. But if markets are superior why does the public sector remain so large? Avner Offer provides a distinctive new account of the effective temporal limits on private, public, and social activity. Understanding the Private-Public Divide accounts for the division of labour between business and the public sector, how it changes over time, where the boundaries ought to run, and the harm that follows if they are violated. He explains how finance forces markets to focus on short-term objectives and why business requires special privileges in return for long-term commitment. He shows how a private sector policy bias leads to inequality, insecurity, and corruption. Integrity used to be the norm and it can be achieved again. Only governments can manage uncertainty in the long-term interests of society, as shown by the challenge of climate change
Item Description:	Title from publisher's bibliographic system (viewed on 07 Apr 2022) Introduction -- Patient Capital -- Corruption and Integrity -- Plutocratic Blowback -- Creating Humans -- Exit from Work -- Housing and Democracy -- Climate Change and Time Horizons -- Conclusion
Physical Description:	1 Online-Ressource (xiv, 227 Seiten)
ISBN:	9781108866415
DOI:	10.1017/9781108866415