The Virginia School's economics of natural equals makes consent critical for policy. Democracy is understood as government by discussion, not majority rule. The claim of efficiency unsupported by consent, as common in orthodox economics, appeals to social hierarchy. Politics becomes an act of...

This book offers a pluralistic vision of the way economists have dealt with the question of power in society over the last two centuries. Economists’ ideas about power are examined from political, theoretical and policy-making points of view, with additional discussion of the active...

What do the economic theories of thought-leaders in economics, such as Smith, Keynes, Marx and Schumpeter, tell us about globalisation in the twenty-first century? Great economic theories have provided a narrative of how society should work in all its aspects, and can offer renewed usefulness...

Introduction -- Chapter 1: The Impact of The Calculus of Consent -- Chapter 2: Institutions and Constitutions: The Economic World of James M. Buchanan -- Chapter 3: On Some Neglected, But Profound, Contributions of Gordon Tullock -- Chapter 4: Buchanan on Freedom -- Chapter 5: Choice vs...

1. Introduction -- 2. The Economic Model -- 3. Intra-State Sequencing with Historical Examples -- 4. Drivers of Historical Sequences -- 5. International Sequencing with Historical Examples -- 6. Peacekeeping and Sequencing -- 7. Case Study: Secessionist Motives in the American Civil War -- 8....

Introductuion -- 1. Adam Smith on self-interest -- 2. Jeremy Bentham on self-interest -- 3. John Stuart Mill on self-interest and the assumption of economic theories -- 4. Leon Walras’ idea of human nature and theory of property: free exchange, communism, and association -- 5. Self-interest in...

"This Handbook provides an overview of established and cutting-edge contributions to political economic thought. Chapters by leading and emerging scholars showcase the diverse approaches and productive debates among researchers. Separate sections of the book deal with political economy as an...