Understanding the Private-Public Divide

Markets, Governments, and Time Horizons

AvAvner Offer

Häftad, Engelska, 2022

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2022-04-07
Mått:141 x 215 x 14 mm
Vikt:328 g
Format:Häftad
Språk:Engelska
Antal sidor:242
Förlag:Cambridge University Press
ISBN:9781108791663

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Mer om författaren

Avner Offer is Chichele Professor Emeritus of Economic History at Oxford University, Fellow of All Souls College and the British Academy. His books include The Challenge of Affluence: Self-Control and Well-Being in the United States and Britain Since 1950 (2006) and the co-authored The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn (2016).

Recensioner i media

'Family, school, railways? What do they have in common? They cannot be run well, or at all, as private for-profit enterprises and yet they are crucial for a good life. In this well-written and tightly argued book Avner Offer brings arguments to delineate the areas that naturally belong to the market and to the state. At the time when the neoliberal version of capitalism is widely questioned, this books proposes a new set of answers.' Branko Milanovic, author of Global Inequality and Capitalism, Alone.

Innehållsförteckning

Introduction; 1. Patient capital; 2. Corruption and integrity; 3. Plutocratic blowback; 4. Creating humans; 5. Exit from work; 6. Housing and democracy; 7. Climate change and time horizons; Conclusion.