{"product_id":"public-supply-and-demand-a-political-theory-of-economies-and-markets-9781350512627","title":"Public Supply and Demand: A Political Theory of Economies and Markets","description":"\u003cp\u003e • Author(s): Ian Budge | Paul Whiteley\u003cbr\u003e • Publisher: Bloomsbury Academic\u003cbr\u003e • Publisher Imprint: Bloomsbury Academic\u003cbr\u003e • BISAC: Development - Economic Development\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eEminent political economists Ian Budge and Paul Whiteley make a forceful case for bringing the state back into economic planning for better economic and political outcomes.\u003c\/b\u003e They do so primarily by calling attention to the shortcomings of axiomatic, neoclassical economic theorizing, which makes normative assumptions about how economic actors \u003ci\u003eought\u003c\/i\u003e to behave without considering how they \u003ci\u003eactually\u003c\/i\u003e behave thanks largely to the influence of advertisers and politicians. Revisiting Adam Smith with this in mind, Budge and Whiteley offer original, alternative understandings of individual and collective decision-making; the difference between national economies and \"the economy\"; the state's role in the provision of public goods; the state's role in dealing with risks, uncertainties, and externalities such as climate change; and the very notion of \"supply and demand,\" which they reconceive as \u003ci\u003esupply-then-demand\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eThe end result is a more robust explanatory model of economics coupled with a normative case for the governance of public goods and markets. All this adds up to a major intervention into the question of how societies organize the extraction and allocation of resources to meet the needs of their constituents.","brand":"Bloomsbury Academic","offers":[{"title":"Hardcover","offer_id":47570393661591,"sku":"9781350512627","price":7056.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781350512627.webp?v=1774881763","url":"https:\/\/atlanticbooks.com\/products\/public-supply-and-demand-a-political-theory-of-economies-and-markets-9781350512627","provider":"Atlantic Books","version":"1.0","type":"link"}