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Since 1989 Panorama of Russia has specialized in academic and reference publications from the Russian Federation and the Commonwealth of Independent States.
Klassicheskii Liberalizm i Budushchee Sotsial`no-Ekonomicheskoi Politiki
[ Klassicheskii Liberalizm i Budushchee Sotsial`no-Ekonomicheskoi Politiki]
Classical Liberalism and the Future of Public Policy Transl. from English by Iurii Kuznetsov
Moscow: Mysl`, 2014 452 p Serie: Fond Liberal`naia Missiia Hardcover. 14 x 21 cm ISBN: 9785244011722 Language: Russian
This important book offers a comprehensive defense of classical liberalism against contemporary challenges. It sets out an analytical framework of `robust political economy` that explores the economic and political problems that arise from the phenomena of imperfect knowledge and imperfect incentives. Using this framework, the book defends the classical liberal focus on markets and the minimal state from the critiques presented by `market failure` economics and communitarian and egalitarian variants of political theory. Mark Pennington expertly applies the lessons learned from responding to these challenges in the context of contemporary discussions surrounding the welfare state, international development, and environmental protection.
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