The Virginia School's economics of natural equals makes consent critical for policy. Democracy is understood as government by discussion, not majority rule. The claim of efficiency unsupported by consent, as common in orthodox economics, appeals to social hierarchy. Politics becomes an act of...

What do the economic theories of thought-leaders in economics, such as Smith, Keynes, Marx and Schumpeter, tell us about globalisation in the twenty-first century? Great economic theories have provided a narrative of how society should work in all its aspects, and can offer renewed usefulness...

This book introduces the research agenda of relational economics as a political economy for the governance of local and global economic transactions in modern societies. It analyses the mechanisms of global value creation and production networks by studying cooperation in intra- and inter-firm...

1. Introduction -- 2. The Importance of Hayek and Friedman to the Neo-liberal Concept of Freedom -- 3. The Neo-liberal Concept of Freedom -- 4. Spheres of Government -- 5. The Rise of Neo-liberalism and Tyranny of Corporations -- 6. The Rise of Mass Consumption -- 7.The Rise of Neoliberalism and...