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Understanding the Private–Public Divide

Understanding the Private–Public Divide

Markets, Governments, and Time Horizons

Avner Offer

Cambridge University Press
Publication date : 2022-04-07

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Markets are taken as the norm in economics and in much of political and media discourse. But if markets are superior why does the public sector remain so large? Avner Offer provides a distinctive new account of the effective temporal limits on private, public, and social activity. Understanding the Private–Public Divide accounts for the division of labour between business and the public sector, how it changes over time, where the boundaries ought to run, and the harm that follows if they are violated. He explains how finance forces markets to focus on short-term objectives and why business requires special privileges in return for long-term commitment. He shows how a private sector policy bias leads to inequality, insecurity, and corruption. Integrity used to be the norm and it can be achieved again. Only governments can manage uncertainty in the long-term interests of society, as shown by the challenge of climate change.

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About the book

Author

Avner Offer

Imprint

Cambridge University Press

Collection

n.c

Publication date

2022-04-07

Pages

n.c

Print ISBN

9781108496209

Language

English

Ebook informations

EAN PDF

9781108857314

Price

£26.38

Copy count 0

Print count 0

File size 3932 Ko

Informations accessibility

EAN EPUB

9781108853521

Price

£26.38

Copy count 0

Print count 0

File size 6062 Ko

Informations accessibility

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About author(s)

Avner Offer

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