The Public Economy in Crisis: A Call for a New Public Economics by June A. A. Sekera
English | 11 July 2016 | ISBN: 3319404865 | 138 Pages | PDF | 2.08 MB
English | 11 July 2016 | ISBN: 3319404865 | 138 Pages | PDF | 2.08 MB
This Brief proposes a new theory of public economics which deemphasizes reliance on the free market and affirms the importance of public goods and services within the context of the democratic process and constitutional governance. Public non-market production makes up from a quarter to more than half of all economic activity in advanced democratic nation-states. Yet by imposing market precepts on the public domain, as mainstream economics, political science, and public administration do, public governing capacity is weakened and the democratic system suffers.