There is a broad consensus that bankers in LDCs engage in related (insider) lending. There is not, however, a consensus as to whether related lending has a positive or negative effect on economic growth. We argue that related lending has negative consequences for growth compared to the outcome...

This paper provides a working definition of polycentric orders as a governance system that allows overlapping jurisdictions and a certain degree of autonomy to consumers of public goods. The definition clarifies that polycentricity is not a static but rather a dynamic property of polycentric...

The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of...