Markets, Governments—

Rick Wicks

Challenge, 2011, vol. 54, issue 4, 65-96

Abstract: Economic theory allows for a place for markets, and, often grudgingly, for government, but it allows no place for communities. Yet the author argues that any thorough understanding of markets—and thus of economics—requires at least a basic understanding of communities (and of governments) as well. Communities, after all, supply social benefits—they improve welfare. How can they be ignored, especially if markets (and economic thinking) undermine them? Ignoring communities has led to inadequate economic and social policies with lasting damage. The author thoroughly reviews the sometimes complex literature on the subject.

Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2753/0577-5132540404 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:challe:v:54:y:2011:i:4:p:65-96

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MCHA20

DOI: 10.2753/0577-5132540404

Access Statistics for this article

More articles in Challenge from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().