The German state banks – or Landesbanks – are not only some of the largest banks in Germany but are also a dominant force in the international banking sector. These state-owned banks enjoy special privileges and government support which have made them major players in the global arena of...

Pension Systems enters into the current lively debate on European pensions. The focus of the book is the analysis of public intervention in individuals’ retirement choice, its rationale and the desirability of legislation introducing a sizeable and compulsory increase in retirement age, to...

This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms’ behaviour and market structure, and the ways in which this relationship has evolved.

Modern liberalism asserts the transcendental, autonomous self’s ‘natural rights’ against others’ moralistic and political preferences, and regards the economist’s utilitarian social welfare theory as instrumental to the achievement of ‘social justice’. Timothy Roth argues that the...

Economic Behavior and Distributional Choice brings together, for the first time, Harold M. Hochman’s key papers on income redistribution and policy in one accessible volume. The introduction describes the genesis and development of a new direction in thinking, and the papers that follow cover...

Hayek’s vision of the political and economic future has to a remarkable extent come to pass, and his writings can now be seen to contain much that is orthodox and widely accepted. The tight weaving of insights from diverse academic disciplines into a coherent social theory make his work of...

In this book, Jayne Godfrey and Keryn Chalmers explore the intricacies of the globalisation of accounting standards – arguably one of the most significant business developments of the wider globalisation process during the past two decades. They examine the key issues and implications of this...

This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author’s evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of...

Presenting a thorough analysis of China’s outward Foreign Direct Investment (FDI) in the last quarter of a century – something little explored in the literature – this book explores the rationale behind its emergence and development. China’s outward FDI exhibits unique features in...