1. A quarter century of ‘The Proper Scope of Government’: Theory and Applications
- Author:
- Oliver Hart
- Publication Date:
- 02-2021
- Content Type:
- Working Paper
- Institution:
- Walter H. Shorenstein Asia-Pacific Research Center
- Abstract:
- A quarter-century ago in a seminal paper, Hart, Shleifer, and Vishny (NBER1996, QJE1997) developed a theory of the ‘Proper Scope of Government.’ Oliver Hart, 2016 Nobel Laureate, reflects on that framework and its place in economics, as well as the inspiration for his more recent work on norms, guiding principles, and contracts as reference points. In discussion with Karen Eggleston, Hart answers questions posed by economists who have built upon Hart, Shleifer and Vishny (1997) and offers insights on how the theory applies to understanding public and private roles in healthcare, education, and other publicly-financed services.
- Topic:
- Education, Privatization, Political Theory, Governance, Health Care Policy, Social Services, and Public Service
- Political Geography:
- Global Focus