In this paper, the objective has been to discover whether rent levels and rate fund contributions can be explained within the context of some politico-financial model. Some success can be claimed in this direction. The rate poundage and rent level in each local authority area do appear to be...

Ronald Coase's work presents a continuing challenge to the established neoclassical paradigm. His incorporation of transactions cost into economic theory enables many questions of organisational structure to be addressed but also implies a world of continuing evolutionary change rather than...

Neo-classical microeconomics has dominated economics as a school of thought since the end of the nineteenth century. Seen as the ‘orthodox’ school, it has been challenged by many of the newer schools that have been developed since, but none has succeeded in supplanting neo-classical...

"The European Union does not set its regulatory principles in line with those that the theory of public goods suggests. The Union does not have full competence in areas such as defence that might involve public goods over a Europe-wide area. Yet it does have competence over many areas that...

"Hernando de Soto's analysis of the high cost of establishing, protecting and trading in property rights in his home country of Peru and other developing nations demonstrates the centrality of institutions to economic analysis and outcomes. The effective denial of property rights to hundreds of...