This book presents in one volume Professor Wiseman's seminal work on the theory of costs and the economist's treatment of the role of government. The major themes concern the subjectivity of costs and the unknowability of the future. From an initial scepticism about pricing rules, the arguments...

This book investigates monopoly policy in the UK from 1973-1995 using all of the monopoly cases which the Monopolies and Mergers Commission (MMC) reported on during this period. It provides a rigorous analysis of 14 detailed case studies, and focuses specifically on those cases where the MMC...

This book focuses on the emerging field of evolutionary economic policy, highlighting the interface between the state, markets, and the evolutionary complexity of modern economies. The contributors explore the possibilities and limitations of governance, and provide a unique platform for the...

This thoroughly accessible textbook shows students how microeconomic theory can be used and applied to major issues of public policy. In this way, it will improve their understanding of both microeconomic theory and policy and also develop their ability to critically assess them. Clem Tisdell...

This book discusses the impact of taxation on economic growth, employment, investment, consumption and the environment. The public finance literature commonly distinguishes between three major functions of taxation: the traditional function of raising revenue to finance government expenditure;...

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...

The purpose of this book is to reconsider economic liberalism from the viewpoint of political liberalism. The author argues that advocates of economic liberalism largely overlook empirical political preferences which, in many societies, go far beyond a limited role of the state. Recent...

Indirect taxes have become an increasingly important revenue-raising tool for governments in developed countries. In this book, John Creedy applies his wealth of experience and expertise to the analysis of indirect taxes and, in particular, concentrates on the modelling of indirect tax reform...

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...

This ambitious book presents a conceptual framework for an institutional approach to economic change and economic transformation. It sheds important light on two basic concepts: social complexity and interactive governance. The first part of the book develops the theoretical foundations for...