Property rights formalize the relationship between individuals and goods. They form the cornerstone of the pricing, supply and efficient allocation of scarce resources between individuals. The Economic Foundations of Property Rights is an outstanding collection of some of the most important work...

Capitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust...

This book aims to extend the current research and debate in constitutional economics by using a positive economics approach. Born out of discontent with the current state in constitutional economics, this book presents an inquiry in the possibilities of a positive constitutional economics, and...

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 outstanding book focuses on how economics can contribute to the design, implementation and appraisal of legal systems that create the "right" incentives for environmental protection. The sixteen original and specially commissioned contributions -- written by some of the leading names in...

Contents: Part I: Entrepreneurship and formal and informal institutions -- 1. Understanding the drivers of an 'entrepreneurial' economy: Lessons from Japan and the Netherlands / Hiroyuki Okamuro, André van Stel and Ingrid Verheul -- 2. Hofstede's cultural dimensions and modes of entry into...

1. An institutional perspective on entrepreneurship in international business -- 2. Transnational entrepreneurship in two contrasting Asian contexts : Hong Kong and Singapore -- 3. City-states and their global reach : outward investments from Hong Kong and Singapore -- 4. Entrepreneurs in...

It is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by...