Government Failure versus Market Failure: Microeconomic Policy Research And Government Performance - Softcover

Clifford Winston is a senior fellow in Economic Studies at the Brookings Institution. Among his previous books are Deregulation of Network Industries: What's Next? coedited with Sam Peltzman (AEI-Brookings, 2000), and Alternate Route: Toward Efficient Urban Transportation, cowritten with Chad Shirley (Brookings, 1998).

"This authoritative and readable
monograph provides much-needed balance in the implicit debate between those who hold that
the public interest requires extensive government economic intervention and the position
that free markets automatically solve all problems. Legislators and economists have focused
on needs for intervention, but Winston shows that it sometimes does more harm than good, and
its favored methods can be fonts of inefficiency." -William J. Baumol, Berkley Center for
Entrepreneurial Studies, NYU

"Can government policies be made more
effective? In Government Failure versus Market Failure,
Clifford Winston provides a comprehensive analysis of a substantial range of government
programs that could deliver more benefits at no greater cost if they were grounded in
fundamental economic principles. Winston's superbly crafted critique cuts a broad swath
through the entire range of Federal programs, with particular emphasis on how transportation
policies and regulatory efforts should be overhauled. This should be required reading for
all students and practitioners in the domestic policy field." -W. Kip Viscusi, Vanderbilt
University