In the section Articles
Title of the article Introduction to the General Theory of Defects of the Mixed Economy
Pages 7-12
Author 1 Alexander Yakovlevich Rubinstein
Doctor of Philosophical Sciences, Professor, Head of Research Project
Institute of Economics RAS
32, Nakhimovskiy Prospect, Moscow, Russia, 117218
arubin@This email address is being protected from spambots. You need JavaScript enabled to view it.
Abstract The author gives a new perspective on defects of the mixed economy in the context of nature and evolution of paternalism as one of elements of the theory of patronized goods. The researcher supplements standard market failures with ‘behavioral failure’, which is a direct consequence of irrational behavior of individuals, and ‘paternalistic failure’, which occurs as a result of erroneous actions of the state. The article also discusses the formation of paternalistic attitudes and reviews theoretical and applied aspects of liberalization of making political and economic decisions based on the development of civil society institutions and civic engagement aimed at reducing the risks of ‘government failures’ and welfare loss.
Code 330
DOI 10.14530/se.2016.4.013-032
Keywords ♦ patronized goods ♦ meritorious goods ♦ market failures ♦ paternalism ♦ libertarian paternalism ♦ state activity ♦ paternalistic failure ♦ government failures ♦ institutions
Download SE.2016.4.013-032.Rubinstein.pdf
For citation Rubinstein A.Y. Introduction to the General Theory of Defects of the Mixed Economy. Prostranstvennaya Ekonomika = Spatial Economics, 2016, no. 4, pp. 7-12. DOI: 10.14530/se.2016.4.013-032. (In Russian).
References 1. Avtonomov V.S. A Few Words about Methodological Individualism. Obshchestvennye Nauki i Sovremennost [Social Sciences and Modernity], 2014, no. 3, pp. 53–56.(In Russian).
2. Aristotle. Politics. Works in 4 volumes. Vol. 4. Moscow, 1983, pp. 376–644. (In Russian).
3. Blanchard . Macroeconomics. Translated from English. Moscow, 2010, 671 p. (In Russian).
4. Blaug M. The Methodology of Economics, or How Economists Explain. Translated from English. Moscow: Journal ‘Economic Issues’, 2004, 416 p. (In Russian).
5. Grinberg R.S., Rubinshtein A.Ya. The Individual & the State: Economic Dilemma. Moscow, 2013, 480 p. (In Russian).
6. Zamulin .. Overview of New Keynesian Economic Theory with Applications to Russia. Ekonomicheskaya Shkola. Analiticheskoe Prilozhenie [The School of Economics. Analytical Application], 2002, no. 1 (1), pp. 132–148. (In Russian).
7. Kahneman D., Tversky A. The Rational Choice, Values and Frames. Psikhologicheskiy Zhurnal [Psychological Journal], 2003, no. 4, pp. 31–42. (In Russian).
8. Kapeliushnikov R.I. Behavioral Economics and New Paternalism. (Part I). Voprosy Ekonomiki [Economic Issue], 2013, no. 9, pp. 66–90. (In Russian).
9. Kapeliushnikov R.I. Behavioral Economics and New Paternalism. (Part II). Voprosy Ekonomiki [Economic Issue], 2013, no. 10, pp. 28–46. (In Russian).
10. Kapeliushnikov R.I. Economic Essays: Methodology, Institutions, Human Capital. Moscow, 2016, 574 p. (In Russian).
11. Kovelman A.B. The Crowd and the Sages in Early Rabbinic Literature. Moscow – Jerusalem: Jewish University in Moscow Press, 1996, 79 p. (In Russian).
12. Laffont J.-J. Incentives and Political Economy. Moscow, 2008, 312 p. (In Russian)
13. Libman .. Political-Economic Studies: A Review and Some Suggestions. Moscow: Institute of Economics of RAS; CDSE, 2007, 59 p. (In Russian).
14. Myerson R. Nash Equilibrium and the History of Economic Theory. Voprosy Ekonomiki [Economic Issue], 2010, no 6, pp. 26–43. (In Russian).
15. Mises L. von. Human Action: A Treatise on Economics. Chelyabinsk, 2005, 878 p. (In Russian).
16. Mankiw N.G. Macroeconomics. Translated from English. Moscow, 1994, 736 p. (In Russian).
17. Nureev R.. Public Choice Theory. Moscow, 2005, 531 p. (In Russian).
18. Pavlov I.. Behavioral Economic Theory: A Positive Approach on Study of Human Behavior. Moscow: Institute of Economics of RAS, 2007, 62 p. (In Russian).
19. Pavlov I.. The Phenomenon of ‘Ambiguity Avoidance’ in Rational Choice Theory. Moscow: Institute of Economics of RAS, 2011, 56 p. (In Russian).
20. Plato. The Republic. Works in 3 volumes. Vol. 3. Moscow, 1971, 645 p. (In Russian).
21. Polishchuk L.I. Institutional Outsourcing. Voprosy Ekonomiki [Economic Issue], 2013, no. 9, pp. 40–65. (In Russian).
22. Polterovich V.M., Popov V.V. Democracy and Economic Growth. Obshchestvennye Nauki i Sovremennost [Social Sciences and Modernity], 2007, no. 2, pp. 13–27. (In Russian).
23. Polterovich V.M., Popov V.V., Tonis A.S. Instability of Democracy in Resource Abundant Countries. Ekonomicheskiy Zhurnal VSHE – HSE Economic Journal, 2008, no. 2. pp. 176–200. (In Russian).
24. Radygin A.D., Entov R.. Government Failures: Theory and Policy. Voprosy Ekonomiki [Economic Issue], 2012, no. 12, pp. 4–30. (In Russian).
25. Romer D. Advanced Macroeconomics. Translated from English. Moscow, 2014, 856 p. (In Russian).
26. Rubinstein A.Ya. A Theory of Patronized Goods: Inefficient and Efficient Equilibria. Voprosy Ekonomiki [Economic Issue], 2011, no. 3, pp. 65–87. (In Russian).
27. Rubinstein A.Ya. On Theory of Markets of Paternalistic Services. Article 1. Obshchestvennye Nauki i Sovremennost [Social Sciences and Modernity], 2009, no. 1, pp. 139–152. (In Russian).
28. Rubinstein A.Ya. Meritorics and Economic Sociodynamics: Debates with R. Musgrave. Voprosy Ekonomiki [Economic Issue], 2009, no. 11, pp. 98–109. (In Russian).
29. Social Liberalism. Edited by A.Ya. Rubinstein, N.. Pliskevich. Saint Petersburg, 2016, 496 p. (In Russian).
30. Hillman A.L. The State and Economic Policy: Opportunities and Constrains of Management. Moscow, 2009, 880 p. (In Russian).
31. Boudon R. La logique du sociale: introduction a l’analyse sociologique. Paris: Hachette, 1979, 279 p. (In French).
32. Camerer C., Issacharoff S., Loewenstein G., O’Donaghue T., Rabin M. Regulation for Conservatives. Behavioral Economics and the Case for ‘Asymmetric Paternalism’. University of Pennsylvania Law Review, 2003, vol. 151, issue 3, pp. 1211–1254. DOI: 10.2307/3312889
33. Choices, Values and Frames. Edited by D. Kahneman, A. Tversky. New York: Cambridge University Press, 2000, 860 p.
34. Grinberg R., Rubinstein A. Economic Sociodynamics. Berlin, Heidelberg: Springer-Verlag, 2005, 190 p. DOI: 10.1007/b139032
35. Grinberg R., Rubinstein A. Okonomische Soziodynamik und Rationales Verhalten des Staates. Koln: BIOST-Verlag, 1999, 66 p.
36. Harsanyi J.C. Papers in Game Theory. Springer, 1982, 260 p. DOI: 10.1007/978-94-017-2527-9
37. Katona G. Psychological Analysis of Economic Behavior, New York: McGraw-Hill,1951, 347 p.
38. Krueger A. Government Failures in Development. Journal of Economic Perspectives,1990, vol. 4, issue 3, pp. 9–23. DOI: 10.1257/jep.4.3.9
39. Lucas R. Expectations and the Neutrality of Money. Journal of Economic Theory,1972, vol. 4, issue, pp. 103–124. DOI: 10.1016/0022-0531(72)90142-1
40. Machlup F. Austrian Economics. Encyclopedia of Economics. New York: McGraw-Hill, 1982, pp. 38–43.
41. Musgrave R.A, Musgrave P.B., Kullmer L. Die Offentlichen Finanzen in Theorie und Praxis. 1. Stuttgart: UTB, 1994, 287 p.
42. Musgrave R.A. Provision for Social Goods. Public Economics. London – Basingstoke: MacMillan, 1969, pp. 124–144.
43. Musgrave R.A. The Theory of Public Finance. New York, Toronto, London:McGraw-Hill Book Company Inc., 1959, 628 p.
44. Rubinstein A.Y. The Theory of Patronized Goods in the Optics of Comparative Methodology. International Journal of Entrepreneurial Knowledge, 2013, vol. 1, issue 1, pp. 4–32. DOI: 10.15759/ijek/2013/v1i1/53753
45. Rubinstein A.Y. Theory of Patronized Goods. Liberal Evolution of Paternalism. International Journal of Entrepreneurial Knowledge, 2016, issue 1, vol. 4, pp. 6–29. DOI: 10.1515/ijek-2016-0001
46. Samuelson P.A. The Pure Theorie of Public Expeditoren. Review of Economics and Statistics, 1954, vol. 36, no. 4, pp. 387–399. DOI: 10.2307/1925895
47. Schmidt K. Mehr zur Meritorik. Kritisches und Alternatives zu der Lehre von den Offentlichen Gutern. Zeitschrift fur Wirtschaftens – und Sozialwissenschaften. Berlin: Duncker & Humboldt, 1988, pp. 383–403. (In German).
48. Schneider W., Shiffrin R.M. Controlled and Automatic Human Information Processing I. Detection, Search, and Attention. Psychological Review, 1977, vol. 84, no. 1, pp. 1–66. DOI: 10.1037/0033-295X.84.1.1
49. Schneider W., Shiffrin R.M. Controlled and Automatic Human Information Processing II. Perceptual Learning, Automatic Attending and a General Theory. Psychological Review, 1977, vol. 84, no. 2, pp. 127–190. DOI: 10.1037/0033-295X.84.2.127
50. Shefrin H.M., Thaler R. An Economic Theory of Self-Control. Center for Economic Analysis of Human Behavior and Social Institutions. Working Paper No. 208, 1978, 48 p.
51. Simon H.A. A Behavioral Model of Rational Choice. Quarterly Journal of Economics, 1955, vol. 69, no. 1, pp. 99–118. DOI: 10.2307/1884852
52. Simon H.A. A Behavioral Model of Rational Choice. Models of Man: Social and Rational – Mathematical Essays on Rational Human Behavior in a Social Setting. New York: Wiley, 1957, pp. 99–118.
53. Stigler G. The Theory of Economic Regulation. The Bell Journal of Economics and Management Science, 1971, vol. 2, pp. 3–21. DOI: 10.2307/3003160
54. Sunstein C., Thaler R. Libertarian Paternalism is not an Oxymoron. University of Chicago Law Review, 2003, vol. 70, pp. 1159–1202. DOI: 10.2307/1600573
55. Thaler R.H., Shefrin H.M. n Economic Theory of Self-Control. Journal of Political Economy, 1981, vol. 89, no. 2, pp. 392–406. DOI: 10.1086/260971
56. Tullock G., Seldon A., Brady G. Government Failure: A Primer in Public Choice. Washington, DC: Cato Institute, 2002, 208 p.
57. Winston C. Government Failure versus Market Failure. Microeconomics Policy Research and Government Performance. Washington, DC: AEI-Brookings Joint Center for Regulatory Studies, 2006, 140 p.
Financing
Date

ISSN (Print) 1815-9834
ISSN (Online) 2587-5957

Minakir Pavel Aleksandrovich,
Editor-in-Chief
Tel.: +7 (4212) 725-225,
Fax: +7 (4212) 225-916,
 
Samokhina Lyudmila, Executive Editor
Tel.: +7 (4212) 226-053
Fax: +7 (4212) 225-916,
 
Editors
Tel.: +7 (4212) 226-053,
Fax: +7 (4212) 225-916,
 
To Editorial Staff of “Spatial Economics”
Economic Research Institute FEB RAS
153 Tikhookeanskaya St., Khabarovsk, RUSSIA, 680042

 

 

Creative Commons License
Unless otherwise noted, content on this site is licensed under a Creative Commons Attribution 4.0 International License