Government Failure: Society, Markets and Rules by Wilfred Dolfsma
Published By: Cheltenham, U.K. and Northampton, Mass.: Elgar ISBN: 978-1-78254-606-1 Date of Publication: 2013
Book Review Detail
Ingo Vogelsang of Boston University
Review DOI: 10.1257/jel.52.2.535.r5 Review Pages: 543-45
Book Review Abstract
Ingo Vogelsang of Boston University reviews "Government Failure: Society, Markets and Rules", by Wilfred Dolfsma. The Econlit abstract of this book begins: "Considers when and how a government can fail at its core responsibility of formulating rules. Discusses how market and society relate; government policy—private incentives, public virtues?; government failure; policy conflicts—the case of health care; government failure, intellectual property rights, and economic development; a confused market—divergent routes to implementing market-oriented reform in health care; vulnerability of institutions and rules; establishing government failure or success—a dynamic welfare perspective; and market, business, and government. Includes a paper on the G-Factor—weighing the visible hand of government intervention (Killian J. McCarthy and Tao Zhu). Dolfsma is at the University of Groningen, and is Corresponding Editor of the Review of Social Economy."
D02: Institutions: Design, Formation, and Operations D72: Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior E60: Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General H11: Structure, Scope, and Performance of Government I10: Health: General O34: Intellectual Property Rights