The Economics of Edwin Chadwick – Incentives Matter Ekelund Jr Price Iii

The Economics of Edwin ChadwickIncentives Matter\nAuthor(s): Robert B. Ekelund Jr, Edward O. Price III\nFormat: Hardback\nPublisher: Edward Elgar Publishing Ltd, United Kingdom\nImprint: Edward Elgar Publishing Ltd\nISBN-13: 9781781005033, 978-1781005033\nSynopsis\nSir Edwin Chadwick [tel] is hardly a household name among economists, although he is a well-known hero to sanitation engineers and utilitarian social reformers. His brilliant and cunning ideas relating to contemporary economic policy are illuminated for the first time in this pioneering study. The authors detail Chadwick's sophisticated conceptions of moral hazard, common pool problems, asymmetric information, and theory of competition, all of which differ starkly from those promulgated by Adam Smith and other classical economists. Also examined are Chadwick's views on government versus market role in dealing with problems created by natural monopoly, and whether some or all market problems justify government regulation o.