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    The Private Abuse of the Public Interest: Market Myths and Policy Muddles
    The Private Abuse of the Public Interest: Market Myths and Policy Muddles
    The Private Abuse of the Public Interest: Market Myths and Policy Muddles
    Ebook151 pages2 hours

    The Private Abuse of the Public Interest: Market Myths and Policy Muddles

    By Lawrence D. Brown and Lawrence R. Jacobs

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    About this ebook

    Despite George W. Bush’s professed opposition to big government, federal spending has increased under his watch more quickly than it did during the Clinton administration, and demands on government have continued to grow. Why? Lawrence Brown and Lawrence Jacobs show that conservative efforts to expand markets and shrink government often have the ironic effect of expanding government’s reach by creating problems that force legislators to enact new rules and regulations. Dismantling the flawed reasoning behind these attempts to cast markets and public power in opposing roles, The Private Abuse of the Public Interest urges citizens and policy makers to recognize that properly functioning markets presuppose the government’s ability to create, sustain, and repair them over time.
    The authors support their pragmatic approach with evidence drawn from in-depth analyses of education, transportation, and health care policies. In each policy area, initiatives such as school choice, deregulation of airlines and other carriers, and the promotion of managed care have introduced or enlarged the role of market forces with the aim of eliminating bureaucratic inefficiency. But in each case, the authors show, reality proved to be much more complex than market models predicted. This complexity has resulted in a political cycle—strikingly consistent across policy spheres—that culminates in public interventions to sustain markets while protecting citizens from their undesirable effects. Situating these case studies in the context of more than two hundred years of debate about the role of markets in society, Brown and Jacobs call for a renewed focus on public-private partnerships that recognize and respect each sector’s vital—and fundamentally complementary—role.
    LanguageEnglish
    PublisherUniversity of Chicago Press
    Release dateMay 15, 2009
    ISBN9780226076454
    The Private Abuse of the Public Interest: Market Myths and Policy Muddles
    Author

    Lawrence D. Brown

    About the AuthorI’m a Self Published Author and Chief Executive Officer of Real Talk Media. A company dedicated to “bringing you the drama of the streets.”I have a degree in accounting and a PHD from the streets. I developed my writing skills as a means of identifying the areas in my life where I made some bad decisions. As a result, I discovered my life has been filled with nothing but drama.Two for Five, which is the title of my first book, was written in fictional form based on my personal experiences hustling on the streets of New York and eventually becoming a user of the same drugs I sold. I struggled with my addiction for many years but could never achieve sobriety because I lacked a conscious contact with a power greater than myself.I’ve developed a personal relationship with God and truly believe had it not been for God’s grace and mercy, I would still be trapped in the grips of my addiction. I wrote “Two for Five” not just for the purpose of entertaining but as a means of depicting the cycle of destruction that has devastated my life and continues to threaten many others in our communities.It’s my hope that the characters in my book will cause the reader to reflect on the course and direction of their life and make a decision to change or face the consequences of their choices.

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    • 4/5
      This book is a well researched castigation of the use of market strategies in provision of public goods (focused on health care, education, and transportation) in the United States. It clearly details how the use of market strategies in these areas was built on insecure economic theory foundations and faulty logic, how it has failed, and how political interests keep trying to introduce even further reforms to make it work. Most importantly, it shows how the introduction of market competition in these areas has actually resulted in more government involvement and expenditure than before, rather than less. Interesting for anyone that's looking at the interaction between politics and economics.

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