Case Examples: How Market Economics and Marketization Have Broken Government

The faith in market powers to fix what ails government is not only mistaken; in thousands of cases it is a central cause of “broken” government. This section describes a few examples.

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June A. Sekera

The Public Economy in Crisis A Call for a New Public Economics 123

SpringerBriefs in Economics

More information about this series at http://www.springer.com/series/8876

June A. Sekera

The Public Economy in Crisis A Call for a New Public Economics

123

June A. Sekera Global Development and Environment Institute Tufts University Somerville, MA USA

ISSN 2191-5504 SpringerBriefs in Economics ISBN 978-3-319-40486-8 DOI 10.1007/978-3-319-40487-5

ISSN 2191-5512

(electronic)

ISBN 978-3-319-40487-5

(eBook)

Library of Congress Control Number: 2016943383 © June A. Sekera 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland

Acknowledgements

This book would never have happened were it not for opportunities opened for me by a series of people. After reading my working paper on economics and the public economy, Charles Hall, a pioneer in the emerging field of biophysical economics, identified me as a kindred spirit; it was he who suggested that the paper could be the basis for a book and introduced me to Springer. That working paper itself would never have happened were it not for Neva Goodwin, the courageous economist who was first to comprehend my argument and vision, and who could see its connection to her pathbreaking work on the “core economy.” And nothing would have happened at all were it not for Hillel Schwartz, who inspired me to take up the challenge of writing about what I know, and whose rhetorical and editorial talents immensely improved upon my too-often pedestrian prose. I also thank Michael Bernstein for putting me in touch with Edward Fullbrook, who provided the initial platform for my early consideration of public goods. Subsequently, I have been fortunate to have had the intellectual support of Jonathan Harris, Victoria Chick, Merijn Knibbe, and Kent Klitgaard, from whose insights I continu