Understanding the Private-Public Divide: Markets, Governments, and Time Horizons Offer Avner
Understanding the Private-Public Divide: Markets, Governments, and Time Horizons Offer Avner Markets are taken as the norm in economics and in much of political and media discourse. Avner Offer…
Specifikacia Understanding the Private-Public Divide: Markets, Governments, and Time Horizons Offer Avner
Understanding the Private-Public Divide: Markets, Governments, and Time Horizons Offer Avner
Markets are taken as the norm in economics and in much of political and media discourse. Avner Offer provides a distinctive new account of the effective temporal limits on private, public, and social activity. But if markets are superior why does the public sector remain so large?
He explains how finance forces markets to focus on short-term objectives and why business requires special privileges in return for long-term commitment. 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 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
Asterix and the Great Divide
Asterix and the Great Divide