The Good Polity

Microeconomics and the Public Economs examines the debate over the public economy, scrutinizing problems such as constitutional bias, bureaucratic inefficiency of the private sector and public economy firms. The authors raise essential theoretical and empirical issues for believers in both the market and the state, concluding that the pendulum of criticism has swung too far against the public sector, and arguing that the state should not always be rejected in favour of market solutions.