Robust Political Economy
Classical Liberalism and the Future of Public Policy
Mark Pennington, Kings College, London, UK
Hardback £88.00 on-line price £79.20
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Series: New Thinking in Political Economy series
This important book offers a comprehensive defence of classical liberalism against contemporary challenges. It sets out an analytical framework of ‘robust political economy’ that explores the economic and political problems that arise from the phenomena of imperfect knowledge and imperfect incentives.
Contents: 1. Introduction: Classical Liberalism and Robust Political Economy Part I: Challenges to Classical Liberalism 2. Market Failures ‘Old’ and ‘New’: The Challenge of Neo-Classical Economics 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II 5. Equality and Social Justice: The Challenge of Egalitarianism Part II: Classical Liberalism and the Future of Public Policy 6. Poverty Relief and Public Services: Welfare State or Minimal State? 7. Institutions and International Development: Global Governance or the Minimal State? 8. Environmental Protection: Green Leviathan or the Minimal State? 9. Conclusion References Index