Essays ranging from basic concepts to economic regulation are cross-referenced to other relevant chapters, and a biographical section introduces the men and women who shaped economic thinking through history

It is now a widely held view that a new era has dawned in which businesses must adopt a new conception of their mission, purpose and conduct, by endorsing and implementing corporate social responsibility. In ‘The Role of Business in the Modern World’, Professor David Henderson argues that...

This is a rejoinder to a criticism of Henderson (2008) by Alastair Smith. Our conclusion is that Henderson's basic case, although nicked around the edges by developments since the original was written, still stands. Moreover, we point out that Smith's criticism of Henderson's point that Fair...

The United States and twenty other countries are all members of the International Energy Agency (TEA). The members' have an agreement which requires' them to share their oil with each other if the oil supplies to the members fall substantially. Both the formula for allocating oil among members...

The term "supply-sider" has come to mean someone who believes that an x percent cut in tax rates walkthrough its effect on the incentive to work, to save and invest, and to avoid and evade taxes-lead to much less than an x percent cut, and perhaps even to an increase, in tax revenues. Not all...