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Market management of the essential economy: an essay

Authors :
Walter C Wagner
Source :
The Journal of Socio-Economics. 30:533-537
Publication Year :
2001
Publisher :
Elsevier BV, 2001.

Abstract

This essay presents a framework for thinking about public economic policy. The argument is that the prevailing theory of competitive markets serves a useful public purpose but creates problems when made into an ideology. The core theory and philosophy suffers from oversights and illusions. Fundamentalist thinking found in it can be dangerous for the long run well-being of humanity. These insights lead to the conclusion that the fundamental task of an economics for public policy should be to develop a theory of workable markets.

Details

ISSN :
10535357
Volume :
30
Database :
OpenAIRE
Journal :
The Journal of Socio-Economics
Accession number :
edsair.doi...........8614769577689a51c5eaa5d1ccfab826
Full Text :
https://doi.org/10.1016/s1053-5357(01)00129-9