In examining the effects of the communications revolution on economic performance, the paper makes a distinction between the exchange and policing aspects of transactions costs and shows how they can be mapped into what are distinguished as the material and cosmological beliefs of different...

The paper examines the shifts in attitudes to foreign investment; charts the dimensions and composition of capital flows to develeping countries; outlines existing barriers and the effects of taxation on these flows, and critically examines the demand for their regulation in the light of the...

This article argues the case for empires. They provided global order in the nineteenth century. Their dissolution in the twentieth century resulted in global disorder. A blind spot in the classical liberal tradition was its assumption that international order would be a spontaneous by-product of...

Books reviewed: John E. King - A History of Post Keynesian Economics Since 1936 Christian Gourieroux And Joann Jasiak - Financial Econometrics: Problems, Models and Methods William Easterly - The Elusive Quest for Growth Mark Skousen - Making Modern Economics Alan D. Woodland - Economic Theory...

This paper notes that there is a need to get to a fourth stage in the evolution of the relationship of free trade to laissez faire going beyond the three stages identified in Max Cordon's magisterial book. In the first stage free trade was a special case of the argument for laissez faire. In the...

This paper challenges the idea that globalization should be viewed as a damaging western ideology. Rather than being an expression of US imperialism, the benign process of globalization is threatened by the unwillingess of the US to maintain its Pax, whilst simultaneously attempting to legislate...

This paper argues that environmentalism has become a new secular Western religion, which threatens world disorder as well as the prospects of alleviating poverty in the Third World. It critically examines the Green agenda in terms of a number of prospective international environmental treaties:...

This paper examines the Japanese slump through the respecive macroeconomic spectacles of Hayek and Keynes, and shows that the decade old slump is Hayekian in nature, and its cure is hampered both by the high yen policy misguidedly thrust on Japan by the US as well the peculiarities of Japanese...

This paper looks at the historic engagement etween the great Eurasian civilisations since the voyages of discovery, and examine the extent to which the hopes of an independent and strong Asia, melding its own traditions with the modernity that the West has forced on it, have been achieved

This paper provides a critical historical evaluation of three general types of economic incentives and disincentives which have been used to influence state behaviour: (i) treaties concerning trade and international property rights of foreign capital, (ii) various status incentives from joining...