William Arthur Niskanen Jr. was an American economist, noted for his significant contributions to President Reagan's economic program and the development of public choice theory. He also served for many years as the chairman of the libertarian Cato Institute. His work primarily focused on analyzing economic decision-making within the public sector and the consequences of government interventions. Niskanen's influence on economic policy and academic discourse remains undeniable.
This retrospective by acclaimed economist William A. Niskanen examines a wide variety of key public policies and politically controversial issues, including those pertaining to trade, unemployment, election law, and the economics of war and peace. Niskanen applies sharply focused economic perspectives to each topic, illustrating how the use of economic incentives significantly aids the creation of solid, successful polices.
Focusing on the fallout from Enron's collapse, this book explores critical lessons in accounting, auditing, taxation, and corporate governance. It highlights the implications of recent corporate scandals and offers insightful proposals for public policy reforms. These recommendations aim to enhance the accountability of accountants, bankers, board members, lawyers, and corporate managers, ultimately fostering a corporate environment that prioritizes the interests of the general public.
This analysis delves into the complexities of military spending, questioning whether current levels are excessive or insufficient. It highlights the influence of special interests that manipulate the system for their benefit, offering a critical perspective on the implications of defense budgets. Through rigorous examination, the book aims to provoke thought on the priorities of national spending and its impact on society.