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Social Experimentation and Economic Policy : Cambridge Surveys of Economic Literature - Robert Ferber

Social Experimentation and Economic Policy

Cambridge Surveys of Economic Literature

Paperback Published: 26th April 1982
ISBN: 9780521285070
Number Of Pages: 264

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Social experimentation is a tool that enables economists and policy makers to test proposed economic policies in the real world. Instead of testing policies by analytical methods or by laboratory simulation, the policies are tested on people who would be affected were these policies implemented. The authors describe how such social experiments are set up and carried out, and consider the advantages and disadvantages of social experimentation relative to other means of evaluating economic and social policies. The main part of the book is a review and a critical evaluation of the principal social experiments in economics that have been carried out in the United States, where this method has been used most extensively. The authors examine in detail the first large-scale experiment in the United States (the New Jersey Income Maintenance Experiment) and subsequent experiments with the labour force, electricity rates, and cash housing allowances. A consideration of the social utility of social experimentation follows, and the book closes with a set of recommendations on the conditions under which social experimentation might best be used in evaluating economic and social policies.

Introduction
Nature of social experimentation
Challenges posed by social experiments
The start: the New Jersey Experiment
The other negative income tax experiments
Labour force experiments
The Health Insurance Study
Electricity peak-load pricing experiments
The cash housing allowance experiments
What have we learned?
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521285070
ISBN-10: 0521285070
Series: Cambridge Surveys of Economic Literature
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 264
Published: 26th April 1982
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 21.0 x 13.8  x 1.5
Weight (kg): 0.34