Economics

"Government Failure Versus Market Failure: Microeconomics Policy Research and Government Performance"

Fifteen-year-old book by Clifford Winston. It's a terrific book. I recommend it highly. Available free from Brookings. From the Forward:

How can economists help improve public policy? One way is by taking a serious look at the effectiveness of different kinds of policy interventions. That is exactly what Clifford Winston does in this important book assessing market failure and government failure. Winston’s careful and comprehensive analysis of the empirical evidence on the economic impact of government policies to correct market failures leads to some troubling insights. He finds that government interventions frequently occur when no significant market failure exists. In addition, many policies aimed at addressing market failures that do exist could have corrected them at significantly lower cost. Winston covers a number of policy areas in this book, including regulation and antitrust, information and externalities, and public production.


"The 1991 Project"

"On July 24, 1991, amid economic crisis and political turmoil, a budget speech changed the course of Indian history.

"After decades of socialist planning, India’s finance minister Manmohan Singh announced the country would embrace markets. It was a change that would lift a quarter of a billion people out of poverty in the decades that followed, and leave no part of Indians’ lives untouched. . . . 

"On its 30th anniversary, we seek to revive the ideas and policies that can continue to foster economic growth in India."


"To Promote Competition, Deregulate"

Noted economist Anne Krueger cites, as an example, the Jones Act:

In sum, the Jones Act has not served any of the purposes that its defenders cite. It has been detrimental to workers, the environment, and the overall economy, while benefiting only a very small group of people.

See also "Sustained economic growth needs congressional regulatory reform".