This well respected textbook has been fully updated to reflect how economic policies on housing, crime, the environment, pensions among other areas, have changed in recent years. The book offers a lucid, non-technical introduction to important economic concepts, showing how they are applied in a real world setting.
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JULIAN LE GRAND is the Richard Titmuss Professor of Social Policy at the London School of Economics. He is a leading expert on public and social policy and acted as a senior policy advisor to the Prime Minister between 2003 and 2005. He is the author, co-author or editor of seventeen books and over ninety articles on economics, philosophy and public policy.
CAROL PROPPER holds professorships at the University of Bristol, where she co-founded the Centre for Market and Public Organisation, and at Imperial College, London where she heads the new Healthcare Management Group. She specializes in the economics of healthcare provision markets, particularly the role of incentives, and has published extensively in economics and professional journals.
SARAH SMITH is Senior Research Fellow at the Centre for Market and Public Organisation at the University of Bristol. She has previously worked as an economist at HM Treasury, the Financial Services Authority and the Institute for Fiscal Studies. Her work centres on the microeconomic analysis of public policy and she has published widely in economics and policy journals.
The fourth edition of this classic textbook has been substantially revised to reflect changing social problems as well as recent policy developments. It adopts a common approach to each social problem, asking what are the government's efficiency and equity objectives and looking at the extent to which they can be achieved through market-based or government interventions. The use of a simple yet rigorous economic framework makes this an essential introductory textbook for those with little experience of economics who are interested in how economic tools can be used to understand and shape public policy.
The fourth edition features:
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