The production of knowledge has become central to economic life. Competitiveness in the 21st century market place is now characterized by the ability to translate scientific and technological knowledge into innovation. But does this render cultural and social knowledge unimportant? This unique...

James Buchanan has been a key figure in the integration of the analysis of political decision-making into the corpus of economic theory, the source for what is now called ‘public choice economics’. This notable volume seeks to identify for future generations the landmark contributions to...

Ronald Coase, the 1991 Nobel laureate in Economics, has had a profound impact on the way that economists and others view both the firm and the relationship between the legal and economic systems. This authoritative collection brings together the diverse body of literature that reflects Ronald...

Property rights lie at the heart of the economic success of any economy and the extent to which its citizens enjoy economic freedom. At a time when Eastern Europe is breaking free from the yoke of collectivist–socialist ideas, this book presents essays by four political economists evaluating a...

This insightful research collection examines the internal and external transformation of the Arab Gulf states and their repositioning within the global order. It explores the interlocking challenges of transition toward post-rentier structures of governance and assesses the domestic, regional...

Capital flight – the unrecorded export of capital from developing countries – often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This...

Economic Development and Political Reform addresses critical trends in the Middle Eastern political economy in the 1980s and 1990s and builds upon the cross-regional political science literature concerning political and economic reforms in the developing world. The book argues that external...

This widely acclaimed book presents for the first time a detailed comparative survey of government research expenditure in 6 leading scientific nations over the period 1975–87. It provides disaggregated international statistics showing how the major industrial countries allocate their research...