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The Public Economy in Crisis June A. Sekera

The Public Economy in Crisis By June A. Sekera

The Public Economy in Crisis by June A. Sekera


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Condition - Very Good
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Summary

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.

The Public Economy in Crisis Summary

The Public Economy in Crisis: A Call for a New Public Economics by June A. Sekera

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. Agencies originally created to meet public needs are being warped into entities whose purpose is to generate revenue and, in some cases, deliver private profits at public expense. Drawing on classic public finance literature, this book illustrates the differences between public economy and the market model and why those differences matter. Building on this, the Brief sketches the elements of a new theory of the public non-market and illuminates its connections to the delegation of power and collective provision of resources from the polity. This book will be useful to scholars of public economics, political science, and public administration as well as policy makers and those working in the public sector.

The Public Economy in Crisis Reviews

"The Public Economy in Crisis fills a growing void in economics and public policy: the need for an economic theory of the state. The Trumpian turn aims at a complete retrenchment of the state in promoting social welfare. A moment will arrive when this view is widely considered impoverished, cynical, scientifically simplistic and ethically blind, uncaring, racist and classist." (W. Milberg, real-world economics review, Vol. 86, 2018)

About June A. Sekera

June Sekera, a Research Fellow at the Global Development and Environment Institute (GDAE) at Tufts University, is a public policy practitioner and researcher. Her economics training was at MIT and at Harvard's Kennedy School of Government, from which she earned a Masters in Public Administration. Recent research has been focused on the systemic dynamics and drivers of the public economy, and on problems of outcomes measurement in non-market environments. Other published articles and papers have dealt with public goods and public non-market production. She is founder and co-leader of GDAE's Public Economy Project, whose current initiatives involve studies of "The Public Economy - Its Nature, Scope and Measurement" and of the "Essential Economy." The latter looks at how the public economy and the core economy represent fundamental economic systems without which the market could not operate. June has held leadership and management positions in the United States at federal, state and local levels of government. Her areas of content specialization include workforce training and development, labor exchange, public education, adult education, and economic development. She has been an advisor to national, state and local government and non-profit organizations on policy and program development, performance measurement and program evaluation.

Table of Contents

1. "Government is broken": the collapse of the public governing capacity.- 2. Case examples: how market-centric economics has despoiled government.- 3. A failed private to public transplant: the New Public Management.- 4. Why the transplant doesn't work.- 5. An absence of theory.- 6. The public nonmarket: elements of a new theory.- 7. Developing an intellectual infrastructure.- Appendices.- 1. Case examples in detail.- 2. Would-be replacements for New Public Management.

Additional information

GOR013429670
9783319404868
3319404865
The Public Economy in Crisis: A Call for a New Public Economics by June A. Sekera
Used - Very Good
Paperback
Springer International Publishing AG
2016-07-11
128
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Public Economy in Crisis