Machine generated contents note: Part I. Wealth and Health Insurance 2. Macro Markets and FinancialSecurity 23 -- Stefano Athanasoulis, Robert Shiller, and Eric van Wincoop -- 3. Gene Insurance 47 -- Alexander Tabarrok -- 4. Time-Consistent Health Insurance 53 -- John H. Cochrane -- Part II. The...

This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...

"Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things." So wrote Adam Smith a quarter of a millennium ago. Using the...

"Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the...