Description

In this text Neil Komesar argues that the emphasis on goal choice in public policy and law ignores an essential element - institutional choice. Indeed, as important as determining our social goals is deciding which institution is best equipped to implement them - the market, the political process, or the adjucative process. Pointing out that all three institutions are massive, complex, and imperfect, Komesar develops a strategy for comparative institutional analysis that assesses variations in institutional ability. He then demonstrates the value of this analytical framework by using it to examine important contemporary issues ranging from tort reform to constitution-making.

Imperfect Alternatives – Choosing Institutions in Law, Economics, and Public Policy

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Paperback / softback by Neil K Komesar

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In this text Neil Komesar argues that the emphasis on goal choice in public policy and law ignores an essential... Read more

    Publisher: The University of Chicago Press
    Publication Date: 15/01/1997
    ISBN13: 9780226450896, 978-0226450896
    ISBN10: 0226450899

    Number of Pages: 296

    Non Fiction , Business, Finance & Law

    Description

    In this text Neil Komesar argues that the emphasis on goal choice in public policy and law ignores an essential element - institutional choice. Indeed, as important as determining our social goals is deciding which institution is best equipped to implement them - the market, the political process, or the adjucative process. Pointing out that all three institutions are massive, complex, and imperfect, Komesar develops a strategy for comparative institutional analysis that assesses variations in institutional ability. He then demonstrates the value of this analytical framework by using it to examine important contemporary issues ranging from tort reform to constitution-making.

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