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Lee S. Friedman

The Microeconomics of Public Policy Analysis

by Lee S. Friedman (Author)

3.6 12 ratings

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This book shows, from start to finish, how microeconomics can and should be used in the analysis of public policy problems. It is an exciting new way to learn microeconomics, motivated by its application to important, real-world issues. Lee Friedman's modern replacement for his influential 1984 work not only brings the issues addressed into the present but develops all intermediate microeconomic theory to make this book accessible to a much wider audience.

Friedman offers the microeconomic tools necessary to understand policy analysis of a wide range of matters of public concern--including the recent California electricity crisis, welfare reform, public school finance, global warming, health insurance, day care, tax policies, college loans, and mass transit pricing. These issues are scrutinized through microeconomic models that identify policy strengths, weaknesses, and ideas for improvements. Each chapter begins with explanations of several fundamental microeconomic principles and then develops models that use and probe them in analyzing specific public policies.

The book has two primary and complementary goals. One is to develop skills of economic policy analysis: to design, predict the effects of, and evaluate public policies. The other is to develop a deep understanding of microeconomics as an analytic tool for application--its strengths and extensions into such advanced techniques as general equilibrium models and pricing methods for natural monopolies and its weaknesses, such as behavioral inconsistencies with utility-maximization models and its limits in comparing institutional alternatives. The result is an invaluable professional and academic reference, one whose clear explanation of principles and analytic techniques, and wealth of constructive applications, will ensure it a prominent place not only on the bookshelves but also on the desks of students and professionals alike.

ISBN-10

0691089345
ISBN-13

978-0691089348
Publisher

Princeton University Press
Publication date

May 9, 2002
Language

English
Dimensions

7.25 x 1.75 x 10 inches
Print length

784 pages
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Customer reviews

3.6 out of 5

12 global ratings

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Tahta Rakyat

Five Stars

Reviewed in the United States on September 22, 2016

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Excellent!

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E. Whalen

Economics -- sound. Writing -- not the best.

Reviewed in the United States on February 20, 2007

I bought this book for an economics course (surprise!), the first part of which was taught by the author.

The book is comprehensive and insightful and essential for policy students/policy analysts, but the writing makes it difficult to slog through. You can read the same paage four times and still not be sure you understand. I am not sure why academics think it's better to have their textbooks written in their own little code, but this one falls into the "if it isn't impossible to decipher, it's not 'academic' enough" trap.

However, if you can translate the academic-speak into English, you'll learn a ton and start thinking about policy problems differently.

5 people found this helpful

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S.K.

Great textbook for microeconomic policy analysis

Reviewed in the United States on April 9, 2009

This book effectively teaches us how to use microeconomics for policy analysis.

I think this book is a great choice for students and policy analysts that are interested in using microeconomics for policy analysis. As other reviewers pointed out, the writing style is very academic and needs some effort to understand, but it is really worth it. It changes your way of thinking public policy issues. However, if you haven't taken introductory microeconomics courses yet, you should avoid this book.

2 people found this helpful

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Douglas B. Wilson

It should be in your library

Reviewed in the United States on January 9, 2009

Lee Friedman's "The Microeconomics of Public Policy Analysis" provides an excellent discussion of a wide range of microeconomic analysis topics including individual choice,uncertainty, allocation of resources over time, equity, economic costs, efficiency, taxation, externalities, alternative interventions and organizational analysis. Each chapter centers on a policy problem. Readers lacking a strong economics background will find the discussions frustrating, but that is the nature of the topic. Economics is not "beanbag." Prof. Friedman has buttressed his discussions with footnotes that refer the reader to seminal writings on the chapter topics. The relevant mathematics have been stored in appendices and provide an alternative perspective for the interested reader. This book belongs in the library of every serious policy wonk.
Doug Wilson
Boston, MA

2 people found this helpful

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Book Reader

For students: Avoid Reading it if you can

Reviewed in the United States on October 2, 2007

It is very unfortunate that this item is assigned in public policy classes as the teaching tool. The only thing that it successfully does is to confuse public policy students and drive them away from the study of economics, which is one of the most useful tools in policy analysis. Even economics professors admit that the book is confusing but are forced to assign it for classes only because there is no other comprehensive microeconomics book with a policy analysis focus. Academics please help. We do need an alternative solution!

5 people found this helpful

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Danny

Brilliant Analysis? But Fails in Pedagogy!!

Reviewed in the United States on June 11, 2007

I agree with everything of the previous comment except the rating, in my opinion, is far too generous. This book is so dull and written at such a high level that, although it might actually contain brilliant analysis, it spectacularly fails in the teaching department. Good luck if this text is assigned for your class!

3 people found this helpful

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Flemeny cricket

Brilliant textbook - could improve the solutions

Reviewed in the United Kingdom on November 29, 2021

Verified Purchase

Really great for microeconomics. The problem sets to test your understanding after each chapter are great. However, the solutions could be provided with the workings out. A bit redundant to have those problem sets otherwise.

Amazon Customer

Really good.

Reviewed in Canada on March 21, 2021

Verified Purchase

I read the first 5 chapters so far. It’s really good and helpful. I’m reading it to prepare for Public Policy studies in the future.

João Garcia

A Must-Have!

Reviewed in the United Kingdom on March 24, 2013

Verified Purchase

Provides in-dept and rigorous analysis over a broad range of issues of the likes of health care systems, education or the labor market. Again: a must-have for those who want to understand public policy.

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