Session 3 of my course ‘Economic Choices in Public Policy’ on the Sciences Po MPA is probably the most crucial to understand what economic choices are all about. So I think it is wise to share the reading list for those interested who are not in a position to register for the course!
Nick Barr’s seminal ‘Economics of the Welfare State’, which in its 5th Edition is now unrivaled for teaching about the reality of economics in government (and anywhere else!), is more than essential. Also notable, an emotive, highly reasoned and provocative talk by Jo Stiglitz (2009) that complements Barr’s precision and clarity. (Don’t underestimate Barr’s passion though!)
Barr, N. (2012): Economics of the welfare state. Oxford University Press, Oxford, 5th edn.
Section 3.5 and 3.6 p70-75 optional Ch 2 and the rest of Ch3 and then as examples Ch 11 and 12 [4th ed.Chapter 4.6 pages 89-92]
Brockway, G. P., The end of economic man. Norton, New York.
[Appendix A – On perfect Competition]
Chang ha-Joon (2014) “Economics: The User’s Guide”
Chapter 11 – Leviathan or the philosopher King?
Common, M., and S. Stagal (2005): Ecological economics. Cambridge University Press, Cambridge.
Hopkin, J. (2014), The politics of Piketty: what political science can learn from, and contribute to, the debate on Capital in the Twenty-First Century. The British Journal of Sociology, 65: 678–695. http://onlinelibrary.wiley.com/doi/10.1111/1468-4446.12110/full
Kay, J. (2004b): The truth about markets: why some nations are rich but most remain poor. Penguin, London, 1st penguin edn.
[Page 317-318 and Chapter 28 ‘The embedded market’]
** Pay attention to differences in American edition **
Stiglitz (2007) “What is the Role of the State?” in Escaping the Resource Curse, M. Humphreys, J. Sachs, and J.E. Stiglitz, eds., New York: Columbia University Press, 2007, pp. 23-52.
Stiglitz (2009) “Moving Beyond Market Fundamentalism to a More Balanced Economy,” Annals of Public and Cooperative Economics, 80(3), pp. 345-360.