This timely and important volume addresses the serious challenges faced by democracy in contemporary society. With contributions from some of the world's most prestigious scholars of public choice and political science, this comprehensive collection presents a complete overview of the threats...

Social welfare policy -- Comparative social welfare policy -- Traditional public interest model -- The public choice perspective -- Government and its bureaucracy -- The origins of the new welfare law -- The genesis of the new welfare law -- Institutional analysis -- An econometric analysis of...

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...

Game theory is useful in understanding collective human activity as the outcome of interactive decisions. In recent years it has become a more prominent aspect of research and applications in public policy disciplines such as economics, philosophy, management and political science, and in work...

"Innovative in its approach, Rethinking Public Choice reviews the concept of public choice since the 1950s post war period and the application of economics to political practices and institutions, as well as its evolution in recent years attracting contributions from political science and...

Does free trade contribute to the deterioration of the environment? This important book offers a fresh look at the trade-environment debate from a political-economic perspective. It provides an extensive analysis of the environmental consequences of free trade, and examines how trade affects...

In this major book an internationally acclaimed group of scholars examines theoretical and applied topics of particular relevance to public choice analysis. Current Issues in Public Choice demonstrates the fruitfulness and originality of the Public Choice School. These twelve papers have been...

Contingent Valuation and Endangered Species provides a comprehensive and rigorous examination of the contingent valuation method as applied to the profound social problem of biodiversity conservation. The contingent valuation method allows the explicit identification and valuation of the non-use...

The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric...

This book examines the significance of technological, organisational and institutional change as crucial factors in the analysis of the turnover time of capital. It also studies the related set of theoretical questions that concern the relationship between power, knowledge and time, in the...