Contents

pp vii-xiv

List of boxes

pp xv-xvi

List of tables

pp xvii-xviii

List of symbols, abbreviations and acronyms

pp xix-xxiv

Preface

pp xxv-xxviii

1 - Introduction

pp 1-6

Part I - The market, efficiency and equity

pp 7-8

2 - Market failures: microeconomic aspects

pp 9-44

3 - Market failures: macroeconomic aspects

pp 45-86

Part II - Normative and positive theory of economic policy

pp 87-88

4 - The normative theory of economic policy

pp 89-115

5 - Government failures: elements of a positive theory of economic policy

pp 116-136

Part III - Microeconomic policies

pp 137-138

6 - Property rights, corporate governance and public enterprises

pp 139-157

7 - Competition policies; policies for externalities and public goods

pp 158-184

8 - Industrial and regional policies; redistributive policies

pp 185-208

9 - Social choice and cost-benefit analysis

pp 209-228

Part IV - Macroeconomic policies

pp 229-230

10 - Macroeconomic schemes of analysis in an open economy

pp 231-248

11 - Macroeconomic objectives and monetary policy

pp 249-283

12 - Macroeconomic objectives and fiscal policy

pp 284-307

13 - Incomes and price policies

pp 308-320

14 - Balance-of-payments policies

pp 321-342

15 - Trade policies: free trade and protectionism

pp 343-356

Part V - Public institutions in an international setting

pp 357-358

16 - Monetary systems and exchange rate regimes

pp 359-378

17 - Development and trade organisations

pp 379-391

18 - Regional public institutions: The European Union

pp 392-418

Part VI - Globalisation and the quest for a new institutional setting

pp 419-420