"A Theoretical Note on the Capacity of the Market System to Abate Pollution": Rejoinder

1972 ◽  
Vol 48 (3) ◽  
pp. 306
Author(s):  
William P. Gramm
Keyword(s):  
2011 ◽  
pp. 99-118
Author(s):  
Yu. Olsevich

The article analyzes the psychological basis of the theory and economic policy of libertarianism, as contained in the book by A. Greenspan "The Age of Turbulence", clarifies the strengths and weaknesses of this doctrine that led to its discredit in 2008. It presents a new understanding of liberalization in 1980-1990s as a process of institutional transformation at the micro and meso levels, implemented by politicians and entrepreneurs with predatory and opportunistic mentality. That process caused, on the one hand, the acceleration of growth, on the other hand - the erosion of informal foundations of a market system. With psychology and ideology of libertarianism, it is impossible to perceive real macro risks generated at the micro level, which lead to a systemic crisis, and to develop measures to prevent it.


1992 ◽  
Vol 48 (1) ◽  
pp. 83-86 ◽  
Author(s):  
H. Kent Baker ◽  
Richard B. Edelman

1986 ◽  
Vol 19 (3) ◽  
pp. 573-583 ◽  
Author(s):  
Vaughan Lyon

AbstractAt the end of 1983, after a long and bitter political struggle, the Swedes adopted a system of wage earner funds. The five regionally-based funds are directed by boards dominated by employees. Using funds transferred to them by government, they invest in Swedish companies, primarily by buying shares on the stock market. The fund scheme will enable employees collectively to own about 10 per cent of Swedish business by 1990. They could control far more. Only experience can determine the impact of this new form of social ownership. But possibly the Swedes have found a socially and democratically appealing means of retaining the advantages of a market system while integrating social and economic forces.


2008 ◽  
Vol 15 (2) ◽  
pp. 263-273 ◽  
Author(s):  
Murat Civaner ◽  
Berna Arda

The current debate that surrounds the issue of patient rights and the transformation of health care, social insurance, and reimbursement systems has put the topic of patient responsibility on both the public and health care sectors' agenda. This climate of debate and transition provides an ideal time to rethink patient responsibilities, together with their underlying rationale, and to determine if they are properly represented when being called `patient' responsibilities. In this article we analyze the various types of patient responsibilities, identify the underlying motivations behind their creation, and conclude upon their sensibleness and merit. The range of patient responsibilities that have been proposed and implemented can be reclassified and placed into one of four groups, which are more accurate descriptors of the nature of these responsibilities. We suggest that, within the framework of a free-market system, where health care services are provided based on the ability to pay for them, none of these can properly be justified as a patient responsibility.


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