Christoph Michael Hindermann uses a statistical approach to analyze the impact of economic freedom on state legitimacy. Based on multiple regression models, the author not only extracts the determinants of legitimacy but also shows that rule of law is the most important area of economic freedom...

This book offers a pluralistic vision of the way economists have dealt with the question of power in society over the last two centuries. Economists’ ideas about power are examined from political, theoretical and policy-making points of view, with additional discussion of the active...

Einführung -- Einführung -- Allokationstheoretische Grundlagen -- Ziele staatlicher Wirtschaftspolitik -- Allokationstheorie und Wirtschaftspolitik -- Grundlagen der politischen Ökonomie -- Grundmodelle der direkten und der indirekten Demokratie -- Theorie wirtschaftspolitischer Reformen --...

Die Strategie Dieses Buches -- Methodische Grundlagen -- Wohlfahrtstheoretische Grundlagen -- Marktversagen und Gefangenen-Dilemma -- Kollektive Entscheidungen -- Markt und Wettbewerb -- Die Regulierung NatÜrlicher Monopole -- Externe Effekte, ClubgÜter und Das Allmende-Problem --...

One of the most striking macroeconomic developments during the last three decades is the rise and persistence of large fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from recurrent large fiscal imbalances that often reflect...

This book considers the issue of exchange rate policymaking from a political economy perspective. It illustrates both theoretically and empirically how domestic political and institutional incentives shape exchange rate policies in developing countries. Empirical analysis is based on a panel...

This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that...