Limited Government & Political Decentralization: An Economic Approach to Politics - Paperback

by Germinal G. Van (Author)

Limited Government and Political Decentralization is a book of economic theory that analyzes the relationship between market forces and government regulations. The central argument of the book ensconces two theoretical foundations: (1) that economic growth occurs faster and more sustainably in a society where the role of the government is more contained in economic and social activities, and (2) that society flourishes better when individuals address their problems locally through market resources and local government rather than relying on a central authority who controls society uniformly. Evidently, it does not mean that the government has absolutely no role to play in society. Government, although a coercive organizational apparatus, is necessary to establish the basic rules that define a society's social order. This book uses economic tools such as calculus techniques and statistical methods to analyze the political role of the government in economic and social affairs theoretically and empirically.