“Quasi‐markets” is the term predominantly employed as a means of conceptualising and describing the market‐oriented reforms primarily, but not exclusively, to the welfare state in the UK. This paper argues that the term, as popularly defined, cannot sustain a suitable analytical frame in...

The programme of market‐oriented reforms to the UK’s welfare state commenced during the 1980s with the implementation of the competitive tendering of certain defined activities in health and local authorities. This paper argues that mainstream economic analysis offers only a very partial...

In this article, contrary to popular belief, it is argued on the basis of transaction cost economics that consumers will become subcontractors on electronic markets. The effects of this tendency counter the benefits that might accrue to them as a result of product differentiation and price...

Understanding how individuals learn is of great importance to economists to understand economic phenomena as well as their own position in society. The idea that holds that people hold those views that best suit their own interest is untenable. Bayesian views on learning also miss an important...

In this article, contrary to popular belief, it is argued on the basis of transaction cost economics that consumers will become subcontractors on electronic markets. The effects of this tendency counter the benefits that might accrue to them as a result of product differentiation and price...