The title of the book refers to Adam Smith'sinvisible hand. The invisible hand is the idea that individual choice benefits society more than does a government which assumes that it "can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board."[1]
Le Grand begins his book by suggesting that there are four models concerning the provision of public goods: trusting professionals, command and control, voice mechanisms and choice.[2] Out of the four, "choice" is the best way to ensure the optimal provision of quality public services.[3] This is because choice, in theory, "creates incentives for providers to deliver what users want".[4] The key focus is on how to make choice work better. This includes "ensuring that there is genuine competition, allowing entry and exit of schools and hospitals, enabling individuals to make informed choices and preventing cream-skimming of pupils and patients."[4]
In his conclusion, Le Grand recognizes that his arguments "have not, as yet, been embraced either by the social democratic left, or by the conservative or liberal right." Yet he continues to hope that "both political groupings will come to recognize that this is the optimal way to provide high quality, responsive, efficient and equitable services."[5]
Criticismedit
Criticisms include that the book does not address the cost of implementation, it inadequately addresses the issue of consumer information and it does not offer sufficient evidence to support the conclusion.[2][3][4]
^ abcThe Other Invisible Hand: Delivering Public Services Through Choice and Competition. By Julian Le Grand
^The Other Invisible Hand: Delivering Public Services through Choice and Competition
External linksedit
Le Grand, Julian - Motivation, Agency, and Public Policy: Of Knights and Knaves, Pawns and Queens, 2003.
January 06, 2024
other, invisible, hand, fiction, book, written, economist, julian, grand, primary, focus, book, increasing, taxpayer, sovereignty, developing, market, public, sector, delivering, public, services, through, choice, competitionauthorjulian, grandgenrenonfictionp. The Other Invisible Hand is a non fiction book written by the economist Julian Le Grand The primary focus of his book is increasing taxpayer sovereignty by developing a market in the public sector The Other Invisible Hand Delivering Public Services through Choice and CompetitionAuthorJulian Le GrandGenreNonfictionPublisherPrinceton University PressPublication date2007Pages208ISBN0 69 112936 3The title of the book refers to Adam Smith s invisible hand The invisible hand is the idea that individual choice benefits society more than does a government which assumes that it can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess board 1 Contents 1 Overview 2 Criticism 3 See also 4 References 5 External linksOverview editLe Grand begins his book by suggesting that there are four models concerning the provision of public goods trusting professionals command and control voice mechanisms and choice 2 Out of the four choice is the best way to ensure the optimal provision of quality public services 3 This is because choice in theory creates incentives for providers to deliver what users want 4 The key focus is on how to make choice work better This includes ensuring that there is genuine competition allowing entry and exit of schools and hospitals enabling individuals to make informed choices and preventing cream skimming of pupils and patients 4 In his conclusion Le Grand recognizes that his arguments have not as yet been embraced either by the social democratic left or by the conservative or liberal right Yet he continues to hope that both political groupings will come to recognize that this is the optimal way to provide high quality responsive efficient and equitable services 5 Criticism editCriticisms include that the book does not address the cost of implementation it inadequately addresses the issue of consumer information and it does not offer sufficient evidence to support the conclusion 2 3 4 See also editConsumer sovereignty Motivation Agency and Public Policy Scroogenomics Exit Voice and LoyaltyReferences edit The Theory of Moral Sentiments a b The Other Le Grand Evaluating the Other Invisible Hand in Welfare Services in England a b Julian Le Grand The Other Invisible Hand a b c The Other Invisible Hand Delivering Public Services Through Choice and Competition By Julian Le Grand The Other Invisible Hand Delivering Public Services through Choice and CompetitionExternal links editLe Grand Julian Motivation Agency and Public Policy Of Knights and Knaves Pawns and Queens 2003 Retrieved from https en wikipedia org w index php title The Other Invisible Hand amp oldid 1036963933, wikipedia, wiki, book, books, library,
