One of the most important functions of government--risk management--is one of the least well understood. Moving beyond the most familiar public functions--spending, taxation, and regulation--When All Else Fails spotlights the government's pivotal role as a risk manager. It reveals, as never before, the nature and extent of this governmental function, which touches almost every aspect of economic life.
In policies as diverse as limited liability, deposit insurance, Social Security, and federal disaster relief, American lawmakers have managed a wide array of private-sector risks, transforming both the government and countless private actors into insurers of last resort. Drawing on history and economic theory, David Moss investigates these risk-management policies, focusing in particular on the original logic of their enactment. The nation's lawmakers, he finds, have long believed that pervasive imperfections in private markets for risk necessitate a substantial government role. It remains puzzling, though, why such a large number of the resulting policies have proven so popular in a country famous for its anti-statism. Moss suggests that the answer may lie in the nature of the policies themselves, since publicly mandated risk shifting often requires little in the way of invasive bureaucracy. Well suited to a society suspicious of government activism, public risk management has emerged as a critical form of government intervention in the United States.
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David Moss's book makes an innovative and persuasive contribution to the history of regulation and social policy in the United States . . . This is a major work in the field. —John Coatsworth, Harvard University
When All Else Fails very effectively explores the search for protection from the risks of modern life . . . We need more books like this that seamlessly combine economics and political analysis to help us understand the history of important areas of public policy. —Harvey M. Sapolsky, Massachusetts Institute of TechnologyAbout the Author:
David A. Moss is John G. McLean Professor, Harvard Business School.
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Descrizione libro Harvard University Press, 2002. Hardcover. Condizione libro: New. If you are not happy with your product, contact us before leaving feedback and we will make it right!Fast Shipping. No Hassle Return Policy. Please contact us immediately for any discrepancy with any order. Codice libro della libreria 016800
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Descrizione libro Harvard University Press, 2002. Hardcover. Condizione libro: New. book. Codice libro della libreria 0674007573
Descrizione libro Harvard University Press, 2002. Hardcover. Condizione libro: New. Codice libro della libreria P110674007573
Descrizione libro Condizione libro: Brand New. Book Condition: Brand New. Codice libro della libreria 97806740075741.0