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- W96255622 abstract "AbstractAny sociopolitical system, including its particular economic organization, whatever its nature and intimate links, relies for its justification upon the effects it exerts on motivating human behavior, the incentives it provides and how economic agents react to them, with a view to generating steady gains in sustainable levels of welfare-generating capacity. To relegate the question of how best to enhance welfare to the instrumental level begs the fundamental value judgment, of which various alternatives exist. Because “economic theory does have a greater role to play than as fodder for political argument” (Helm 1986, p. xxii), the core distributional questions are what the debate on the sequencing, comprehensiveness, and speed of the transition should be all about. A discussion of transformative policies solely in terms of economic efficiency, market failures, or government shortcomings is incomplete; it may even be misleading.KeywordsCorporate GovernanceFinancial InstitutionMarket FailureIndustrial PolicyPolitical RegimeThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W96255622 date "1993-01-01" @default.
- W96255622 modified "2023-09-27" @default.
- W96255622 title "On governing society" @default.
- W96255622 doi "https://doi.org/10.1007/978-94-011-0792-1_5" @default.
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