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Economics of Edwin Chadwick : Incentives Matter by Robert B. Ekelund Jr. and Edward O. Price III (2012, Hardcover)

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Economics of Edwin Chadwick : Incentives Matter, Hardcover by Ekelund, Robert B., Jr.; Price, Edward O., III, ISBN 1781005036, ISBN-13 9781781005033, Brand New, Free shipping in the US Primarily known for his work in England to improve sanitation and reform the Poor Laws, Chadwick labored in relative obscurity in his efforts to both add to and revise economic thinking. Ekelund, Jr. (economics, Auburn U.) and Price III (economics and legal studies, Oklahoma State U.) make the case here that he was actually well ahead of his time in his writings, anticipating developments at the intersection of economics and law that would only be considered by others in the late 20th century. Annotation ©2012 Book News, Inc., Portland, OR ()

About this product

Product Identifiers

PublisherElgar Publishing, Incorporated, Edward

ISBN-101781005036

ISBN-139781781005033

eBay Product ID (ePID)117244060

Product Key Features

Number of Pages264 Pages

LanguageEnglish

Publication NameEconomics of Edwin Chadwick : Incentives Matter

Publication Year2012

SubjectEconomic History, Public Policy / Economic Policy, Economics / Theory

TypeTextbook

Subject AreaPolitical Science, Business & Economics

AuthorRobert B. Ekelund Jr., Edward O. Price III

FormatHardcover

Dimensions

Item Height0.8 in

Item Weight19.3 Oz

Item Length9.4 in

Item Width6.6 in

Additional Product Features

Intended AudienceScholarly & Professional

LCCN2012-935328

TitleLeadingThe

Dewey Edition23

Reviews'Economists owe a great debt to Ekelund and Price for making us aware of Edwin Chadwick's seminal contributions. Chadwick lived in the middle of the 19th century, but he anticipated many of the theoretical and practical advances that culminated in the law and economics revolution of the late 20th century. These include Coase's analysis of social cost and Demsetz's proposal for franchise bidding in natural monopolies. Read the summary of Chadwick's ideas about railroads and consider that Britain adopted many of them but only more than a century later (while the US continues to wallow in ignorance). The book is full of similar examples where Chadwick's prescience is extraordinary. Economists, legal scholars and practitioners, especially those working at the intersection of law and economics, will want to read this book.' --Sam Peltzman, University of Chicago, US, 'Economists owe a great debt to Ekelund and Price for making us aware of Edwin Chadwick's seminal contributions. Chadwick lived in the middle of the 19th century, but he anticipated many of the theoretical and practical advances that culminated in the law and economics revolution of the late 20th century. These include Coase's analysis of social cost and Demsetz's proposal for franchise bidding in natural monopolies. Read the summary of Chadwick's ideas about railroads and consider that Britain adopted many of them but only more than a century later (while the US continues to wallow in ignorance). The book is full of similar examples where Chadwick's prescience is extraordinary. Economists, legal scholars and practitioners, especially those working at the intersection of law and economics, will want to read this book.'

Dewey Decimal338.9

Table Of ContentContents: Preface Part I: Introduction 1. Who was Edwin Chadwick? 2. Chadwick's Modernity Part II: The Regulation of Markets 3. Managing Contracts: A Means to Social Welfare 4. Railways: The National Franchising Alternative 5. Urban Externalities: Funeral and Burial Markets Part III: Law, Sociology, and Economics 6. Chadwick on Labor, Education, and the Business Cycle 7. Criminal Justice Institutions, Police, and the Common Pool 8. The Economics of Sanitation and the Utilitarian Agenda 9. If Markets Fail: Chadwick and Contemporary Society Bibliography Index

SynopsisContents: Preface Part I: Introduction 1. Who was Edwin Chadwick? 2. Chadwick's Modernity Part II: the Regulation of Markets 3. Managing Contracts: A Means to Social Welfare 4. Railways: the National Franchising Alternative 5. Urban Externalities: Funeral and Burial Markets Part III: Law, Sociology, and Economics 6. Chadwick on Labor, Education, and the Business Cycle 7. Criminal Justice Institutions, Police, and the Common Pool 8. the Economics of Sanitation and the Utilitarian Agenda 9. If Markets Fail: Chadwick and Contemporary Society Bibliography Index, The authors detail Sir Edwin Chadwick's sophisticated conceptions of moral hazard, common pool problems, asymmetric information, and theory of competition, all of which differ starkly from those promulgated by Adam Smith and other classical economists. Also examined are Chadwick's views on government versus market role in dealing with problems created by natural monopoly, and whether some or all market problems justify government regulation or alterations of property rights. The authors investigate Chadwick's utilitarian approach to labor, business cycles, and economic growth, contrasting his modern view with those of his classical economic contemporaries., Sir Edwin Chadwick (1800-1890) is hardly a household name among economists, although he is a well-known hero to sanitation engineers and utilitarian social reformers. His brilliant and cunning ideas relating to contemporary economic policy are illuminated for the first time in this pioneering study. The authors detail Chadwick's sophisticated conceptions of moral hazard, common pool problems, asymmetric information, and theory of competition, all of which differ starkly from those promulgated by Adam Smith and other classical economists. Also examined are Chadwick's views on government versus market role in dealing with problems created by natural monopoly, and whether some or all market problems justify government regulation or alterations of property rights. The authors investigate Chadwick's utilitarian approach to labor, business cycles, and economic growth, contrasting his modern view with those of his classical economic contemporaries. Chadwick's enormous output and cutting-edge methods undoubtedly establish him as an original and trenchant thinker in economic matters as well as a prophetic voice on contemporary issues in economics. This unique look at his less familiar research will interest academic regulatory economists, sociologists, students and scholars of law and economics, and all those interested in the fundamentals of social reform.

LC Classification NumberHD87