Competition, or the freedom to enter into a market, contributes greatly to the differentiation of human activities and therefore to economic progress. This fascinating book highlights the similarities between human systems at both the micro and macro level, and demonstrates how competition can...

Minsky's institutional analysis of the development of the economy and how financial regulation fits in it -- Recent proposals of change in financial regulation inspired by Minsky -- Basel III : the revised capital requirements, the leverage ratio, and total loss absorbing capacity -- Two...