Incentive theory is the most important development in economics in the last forty years. The principal-agent model is the core of this theory. This authoritative collection brings together the essential literature concerning the principal-agent model when no restrictions on the design of the...

These two volumes bring together the most influential articles surrounding the Efficient Markets Hypothesis debate, from Paul Samuelson’s pathbreaking proof that properly anticipated prices fluctuate randomly to Fischer Black’s study of noise traders, from Eugene Fama’s empirical...

Scholars and policymakers have long been interested in the relationship between international institutions, foreign trade, and interstate conflict. This timely volume presents the most important published articles that address these crucial issues. The articles are organized into three parts....

China’s accession to the WTO is one of the most important policy changes in China’s long process of liberalizing its foreign trade and foreign direct investment. It is also a major world economic event with profound repercussions. This book addresses the issues raised by China’s accession...

Discussing Economics treats discussion – meaning formal consideration of questions about a reading – as a new approach to learning economics. Setting out a detailed approach modeled on the ideas of Mortimer Adler and the Great Books Foundation, the authors explain why instructors should...

General Equilibrium Theory has been one of the major intellectual developments in economics during the past half-century. The theory of general equilibrium is centred on an inquiry about human societies which has several of the characteristics of a fundamental scientific question. In an economy,...

This Handbook provides an extensive overview of the relationships between transport and development. With 45 chapters from leading international authors, the book is organised in three main parts: urban structure and travel; transport and spatial impacts; and wider dimensions in transport and...

Black markets, rationing, shortages – these and other issues are covered in this important collection which presents a selection of the best literature on the impact of price controls on wages, investment and real output in the short and long runs. The book covers a wide range of episodes...

Volume 2 collects the author’s most influential work on the theory of international movements of capital (both physical and financial). The main emphasis is the effects of these movements on resource allocation within countries, and the consequent changes in relative prices and thus both real...

This groundbreaking series brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and each volume focuses on those...