Timothy P. Roth's Books

The Present State of Consumer Theory

The Implications for Social Welfare Theory

By: Timothy P. Roth

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The Present State of Consumer Theory

The Implications for Social Welfare Theory

By: Timothy P. Roth

The neoclassical theory of choice is an integral part of a large and growing literature. Its elegance, simplicity and apparent generality appear, increasingly, to influence the thinking of psychologists, sociologists, and political scientists. At the same time, the theory is subject to robust attack. The theme of the book is that the critics have it right. Account must be taken of the endogeneity of preference and value structures, of decision makers' cognitive limitations, of information asymmetries, of opportunistic behavior, and of positive transaction and decision costs. Yet these considerations militate against the specification of both the efficiency frontier and the Social Welfare Function. This, in turn, suggests that Social Welfare Theory is an inappropriate guide for the formulation of distributional and other economic policies. A corollary is that economists' (and others) attention should center less on 'getting the prices right' and more on 'getting the institutions right'.

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240

Publisher

University Press of America

Published Date

ISBN 10

0761809449

ISBN 13

9780761809449

Morality, Political Economy and American Constitutionalism

By: Timothy P. Roth

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Morality, Political Economy and American Constitutionalism

By: Timothy P. Roth

The book goes on to explore and expound the Founders¿ desire to promote respect for the moral law, their appreciation of the reciprocal relationship between morality and law, andtheir commitment to the promotion of justice in the sense of impartial institutions; ideas which find expression in contractarian, constitutional political economy.

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205

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1847205526

ISBN 13

9781847205520

Politicians, Economists and the Supreme Court at Work

The Founders Betrayed

By: Timothy P. Roth

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Politicians, Economists and the Supreme Court at Work

The Founders Betrayed

By: Timothy P. Roth

A sobering and emphatic reminder of how far we have strayed from the principles on which the republic was established. Diagnostic understanding is a necessary first step. But are we capable, as a body politic, to stop the binge and endure the hangover? Or must we acquiesce in the anarchy of politics beyond constitutional limits? James M. Buchanan, Nobel Laureate in Economics, 1986 Thomas Jefferson wrote I wish never to see all offices transferred to Washington, where, further withdrawn from the eyes of the people, they may more secretly be bought and sold at market . What would Jefferson, Madison and the other Founders write today? Deploying their moral and political philosophy, their political economy and their understanding of the Constitution, Timothy P. Roth contends that the Founders would tell us that most of what the federal government does is either immoral, unconstitutional, or both. Presented as an engaging thought experiment, Politicians, Economists and the Supreme Court at Work examines the metastasizing federal role through two different means: first, as it relates to the increasing concerns of a contemporary nation, and second, the depth to which that nation s Founders would be appalled by the actions of their successors. Additionally, the book provides a critical appraisal of the burgeoning federal enterprise and the federal government s on-, off-, and off-off budget activities ultimately answering the question, What would the Founders do? The nature and timeliness of this book will appeal to moral and political philosophers, political scientists, historians, economists, scholars and students. In addition, the accessibility of the text provides for a compelling read that will pique the interest of the general public.

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219

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1849809003

ISBN 13

9781849809009

The Ethics and the Economics of Minimalist Government

By: Timothy P. Roth

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The Ethics and the Economics of Minimalist Government

By: Timothy P. Roth

. . . Roth s book is useful and valuable. Using modern secular thought as his starting point, he reaches roughly the same conclusions that one would reach reasoning from the older Christian tradition. There is certainly much to like about that effort. Paul A. Cleveland, Markets & Morality This book is one of the best discussions of welfare economics since Murray Rothbard s classic paper of 1956 Toward a Reconstruction of Utility and Welfare Economics . David Gordon, The Mises Review Timothy Roth shows that social welfare theory, as currently defended by welfare economists and policymakers, is based on a confused and untenable moral theory, is incompatible with a rights-based legal order and is bound to promote unjust and arbitrary redistributions. By advocating a return to the Kantian conception of the moral agent, Roth shows the way to a normative economics that harmonizes with both intuitive morality and the American legal and constitutional tradition. Roger Scruton, Writer and Philosopher, formerly University Professor and Professor of Philosophy at Boston University, US The moral imperative of individual autonomy, embodied in the Kantian Rawlsian perspective on social order, cannot be reconciled with the utilitarian presuppositions that inform normative applications of modern economics. This book exposes the contradictions that are present when the basic philosophical foundations are ignored, a stance that is, unfortunately, characteristic of much modern discourse as well as political practice. James M. Buchanan, George Mason University, US and a Nobel Laureate At a time when technical economics dominates the thinking of much of the profession, it is important to be reminded that economics has roots in moral philosophy. Certainly this book, which deftly explores the ethical prior commitments underlying economic analysis, succeeds in bringing philosophical issues to the forefront. But it does more. Roth s closely reasoned study provides a clear exposition of the Kantian Rawlsian approach to public policy, and thus is able to establish a convincing critique of orthodox welfare theory. In general, the book offers a valuable change of perspective on social questions. Eirik G. Furubotn, Texas A&M University, US Because it is technically flawed and morally bankrupt, the author argues, the economist s consequence-based, procedurally detached theory of the state has contributed to the growth of government. As part of the Kantian Rawlsian contractarian project, this book seeks to return economics to its foundations in moral philosophy. Given the moral equivalence of persons, the greatest possible equal participation must be promoted, persons must be impartially treated and, because it is grounded in consequentialist social welfare theory (SWT), the economist s theory of the state must be rejected. Ad hoc deployment of SWT has facilitated discriminatory rent seeking and contributed to larger government. In contrast, this book argues that equal political participation and a constitutional impartiality constraint minimize rent seeking, respect individual perceptions of the public good and underwrite the legitimacy of government. Economists, moral philosophers and political scientists will find this book a unique contribution to the literature.

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142

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1843765594

ISBN 13

9781843765592

Economists and the State

What Went Wrong

By: Timothy P. Roth

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Economists and the State

What Went Wrong

By: Timothy P. Roth

This book will appeal to scholars and students of political economy, political thought, public choice economics and Austrian economics as well as to practitioners and policy-makers interested in how economics should support those serving the public.ø &

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Page Count

193

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1781951934

ISBN 13

9781781951934

Information, Ideology, and Freedom

The Disenfranchised Electorate

By: Timothy P. Roth

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Information, Ideology, and Freedom

The Disenfranchised Electorate

By: Timothy P. Roth

This book argues that increasingly arcane budget processes rivet voter and media attention on federal on-budget activity while simultaneously increasing the cost of monitoring politicians' actions. This enables politicians to say one thing and do another; to rail against "big government" while systematically expanding its reach. Roth distinguishes this book by his emphasis on the role of contrived information asymmetry in the principal-agent relationship between voters and their elected representatives. The analysis suggests that, given their agents' propensity to obfuscate, voters cannot rely on ideological or statutory restraints on the growth of government. Contents: Foreword; Acknowledgements; Information asymmetry and the Growth of Government; Ideology Overwhelmed: The Reagan Years; Ideology and the Principal-Agent Problem; Federal On-Budget Activity: Rhetoric vs. Reality; The Federal Underground Economy; The Erosion of Freedom; Freedom Defended; Notes; Index.

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148

Publisher

University Press of America

Published Date

ISBN 10

0819194654

ISBN 13

9780819194657

Information, Ideology, and Freedom

The Disenfranchised Electorate

By: Timothy P. Roth

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Information, Ideology, and Freedom

The Disenfranchised Electorate

By: Timothy P. Roth

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148

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University Press of America

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ISBN 10

0819194654

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9780819194657

Politicians, Economists and the Supreme Court at Work

The Founders Betrayed

By: Timothy P. Roth

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Politicians, Economists and the Supreme Court at Work

The Founders Betrayed

By: Timothy P. Roth

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Page Count

219

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1849809003

ISBN 13

9781849809009

The Ethics and the Economics of Minimalist Government

By: Timothy P. Roth

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The Ethics and the Economics of Minimalist Government

By: Timothy P. Roth

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Page Count

142

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1843765594

ISBN 13

9781843765592

Morality, Political Economy and American Constitutionalism

By: Timothy P. Roth

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Morality, Political Economy and American Constitutionalism

By: Timothy P. Roth

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Solve jigsaw puzzle

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Page Count

205

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1847205526

ISBN 13

9781847205520

Book's by Timothy P. Roth

The Present State of Consumer Theory

The Present State of Consumer Theory

Morality, Political Economy and American Constitutionalism

Morality, Political Economy and American Constitutionalism

Politicians, Economists and the Supreme Court at Work

Politicians, Economists and the Supreme Court at Work

The Ethics and the Economics of Minimalist Government

The Ethics and the Economics of Minimalist Government

Economists and the State

Economists and the State

Information, Ideology, and Freedom

Information, Ideology, and Freedom

Information, Ideology, and Freedom

Information, Ideology, and Freedom

Politicians, Economists and the Supreme Court at Work

Politicians, Economists and the Supreme Court at Work

The Ethics and the Economics of Minimalist Government

The Ethics and the Economics of Minimalist Government

Morality, Political Economy and American Constitutionalism

Morality, Political Economy and American Constitutionalism

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