1. Some difficulties in the existing theory of externalities -- 2. Coase and all that -- 3. More on why government? -- 4. The poor -- 5. The legacy of Bismarck -- 6. Some biological problems -- 7. The rich -- 8. The survey of the existing system -- 9. Rent seeking -- 10. War -- 11. Monarchies...

Financial globalization has made monetary policy formulation in emerging market economies increasingly complicated. This timely set of studies looks at the turmoil in global financial markets, which coupled with volatile inflation poses serious challenges for central banks in these countries....

Property rights lie at the heart of the economic success of any economy and the extent to which its citizens enjoy economic freedom. At a time when Eastern Europe is breaking free from the yoke of collectivist-socialist ideas, this book presents essays by four political economists evaluating a...