Contact Us
Sign In / Sign Up for FREE
Go to advanced search...
Nobody downloaded yet

Public Interest Theory v. Economic Interest Theory - Coursework Example

Comments (0) Cite this document
"Public Interest Theory vs Economic Interest Theory" paper analyses how to account for the derivatives incorporate accounts either reporting them on the cost of their acquisition or to report their market value and pressure exerted by public and economic interest groups in favor of their argument. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.7% of users find it useful
Public Interest Theory v. Economic Interest Theory
Read TextPreview

Extract of sample "Public Interest Theory v. Economic Interest Theory"

Download file to see previous pages Many research studies have examined the various regulations employing both public interest theory and economic interest theory and they have found that there is a lack of harmony as to the supremacy of one theory over the other. Public interest theory can be defined as a positive action and also some negative action initiated by a government in the cause of the public interest. Positive action is concerned with securing a benefit to “the public” whereas a negative action is concerned with the prevention of harm to ‘the public.’ The public interest theory of regulation essentially argues that regulators act to maximize the public interest. This theory indeed assumes that the public’s interest is homogeneous or ignores the conflicts of interest among different groups that make up the public. Public interest theory can be directed to negate the adverse effects of certain types of market failure. One another definition of public interest theory is regulation introduced for correcting a market failure due to the manifestation of political pressure which is implemented to safeguard the public.

During the majority period of the twentieth century, the ‘public interest theory’ of government was widely followed. Thus, the notion is that the policymakers reacted in the paramount interest of the common public. Bureaucrats and politicians prefer to label themselves as “social workers.’

The supporters of theory demonstrated that the role of the regulatory agency is to safeguard the public from private behavior that may injurious to society. In case, there are market failures and inefficiencies occurred which resulted in natural monopolies, then the government should intervene to safeguard the public interest.

For instance, the Rome Convention on contractual subjects introduced the notion of mandatory regulations, which, to a large degree, constituted the regulations and rules with a public interest aroma. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Public Interest Theory v. Economic Interest Theory Coursework, n.d.)
Public Interest Theory v. Economic Interest Theory Coursework.
(Public Interest Theory V. Economic Interest Theory Coursework)
Public Interest Theory V. Economic Interest Theory Coursework.
“Public Interest Theory V. Economic Interest Theory Coursework”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Public Interest Theory v. Economic Interest Theory

Interest groups

This paper studies how the roles of the interest groups within the modern day American politics has shaped up, and how these roles are translated to bring out a true message for the Americans. What is even more significant here is the fact that this study aims to find which strategies are made use of by these interest groups to achieve their respective goals as far as the lengths and breadths of United States are concerned. Also the due role of the National Rifle Association as an interest group has been detailed within this discussion which only adds meat to it in the long run. ...
inquire about the areas where interest groups have been able to provide their services and to see if these areas have any political perspectives...
40 Pages(10000 words)Dissertation

Monopoly Is against Public Interest

The rigid requirements of pure monopoly make it rare in the real world. It has a number of unfavorable features due to which whenever the government sees that monopolization may occur, they intervene to prevent it or to limit monopolist’s pricing decision. Following is the comparison of different forms of market ATTRIBUTES OF DIFFERENT FORMS OF MARKET Market Form Number of Firms in the Market Frequency in Reality Entry Barriers Public Interest Results Long Run Profit Equilibrium condition Perfect Competition Very many Rare (if any) None Good Zero MC = MR = AC = AR = P Pure Monopoly One Rare Likely to be High Outputs not optimal May be high MC = MR Monopolistic Competition Many Widespread Minor Inefficient Zero MC = MR AC= AR Olig...
5 Pages(1250 words)Essay

Auditing And The Public Interest

... for professional mission by the UK and USA auditors, was due to the increased public scrutiny. The research conducted by Tom (1995) also indicates that one of the major aspects that motivate accountants and auditors to protect public interest is their economic self-interest. Current international regulatory environment In order to streamline audit reports and ensure that public interests are safeguarded by the accountants, International Federation of Accountants (IFAC) in conjunction with international regulatory agencies has established various auditing regulations. Some of the key structures that the IFAC has established include Public Interest Oversight Board (PIOB) and Monitoring group. Public Interest Oversight Board One of the major...
8 Pages(2000 words)Assignment

Economic theory

...Introduction Economic theory exemplifies that there is direct relationship between consumption and income. The theory further s that consumption is on the other hand negatively or indirectly associated to real interest rate and unemployment. It is hence the general objective of the study to express the relationships of these variables using models. Specifically, this study aims to: a. conduct misspecification tests for the two models provided; b. estimate parameters of the model using the Ordinary Least Squares method; c. determine which of the two models provided is valid to be used for inference; d. interpret the results of the statistical analysis; and e. enhance the skills in using E-views to analyze time series data...
8 Pages(2000 words)Essay

Special Interest

...Running head: Interest Groups Interest Groups John Q. Wright In the paper, interest groups are discussed and their intrinsic relationship with political parties is detailed. Finally, the impact of interest groups on the policy making of the Congress is evaluated. Interest Groups Introduction Interest Groups are also referred to as Special Interest Groups or Pressure groups, and include any association formed by individuals in a formal method. They have a set of goals and objectives and try to improve and influence public policy in a way that is favorable to them. According to Kollman (1998), the common aim of all the interest groups will cast an effect on the government policy in a way that will be advantageous to them...
7 Pages(1750 words)Essay

Compound Interest

...Topic: Compound Interest Compound Interest - Instructor Graded Project You must show your work on all problems. You may type your answer right into this document. Total points for project: 45 points. Part I. Basic Computations 1. A.) Find the future value on $6,000 in three years if the interest is compounded semiannually at 12%. (5 points) FV = PV (1 + r)^t FV is the future value,PV is the present value,r is the rate ,^ is to the power of and t is the time. 6000(1+0.06)^6=8511.11$ FV=8511.11$ Answer: 8511.11$ B.) What is the compound interest earned? (5 points) Compound interest=FV-PV 8511.11-6000=2511.11$ Answer: 2511.11$ 2. You have $12,000 that you plan to invest in a compound-interest bearing interest. Your investment...
1 Pages(250 words)Assignment

Interest Groups

...Interests Groups The group I would form to advocate for this issue is my fellow This is because they are the people whom we interact together in the university and we can meet frequently to organize the formation of the group. These are the right people to work with as they are in the University, as they understand how the funds are spent in the facility. In addition, we can cooperate in collecting the required information in the process of forming a group (Hout 2012, p. 88). Students are the closest people in the university and we can share ideas together on how we can go about the issue. The students are the affected people when the parent reaches a point that he/she cannot pay the school fees because their learning is affected...
2 Pages(500 words)Essay

Self-interest and Ethics, Stakeholder/shareholder theory

...Self-interest, Business Ethics and Stakeholder Theory Business ethics and self-interest It is worthwhile to analyze the conflict between individual self-interest and the common good with regards to corporate social responsibility and business ethics. It is true that modern work organizations face a number of ethical challenges that come under the domain of business ethics (Mellahi et al. 27). However, it is often difficult to define what comes under ethical conduct. The question whether business self-interest takes into account the common good is equally significant. It has been argued that business self-interest is often motivated by commercial success and profit (Crotty 7- 8). However, Adam Smith purports that self-interest...
7 Pages(1750 words)Essay

Economic Theory

...Keynesian Economic Theory Keynesian Economic Theory Economists and financial experts have coined up several economic theories such asthe neoclassical synthesis to provide solutions for the pitiable economic conditions of the country. Even so, the best economic theory for our country is the Keynesian economic theory because an increase in aggregate demand increases economic activity in the country. The resultant increase in economic activity has a ripple effect because it increases employment opportunities and reduces inflation. The main cause of economic problems in the country is the amplitude of the business cycle. The Keynesian economic theory involves stimulation of the economy to encourage people to spend. This is achievable either...
1 Pages(250 words)Essay

Interest Groups

...Interest groups Interest groups promote specific issues or positions, which enable them to take a non-partisan approach to politics. Political parties on the other hand, must have a generally unified view on politics even though all its members may not agree on details. Political parties field candidates that are drawn from their party for elective posts. Interest groups support any political party or candidate that favors or promotes their issue or position as far as legislature or governance is concerned. Interest groups serve as an important check and balance to political power as they serve as a representative of public opinion. Politicians are well aware of the popularity of interest groups and their ability to sway public opinion...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Public Interest Theory v. Economic Interest Theory for FREE!

Contact Us