An important insight of public choice scholarship applied in democratic settings is that majoritarian democracy results in the tyranny of the majority. This tyranny generates a mercantilistic rent seeking society that restricts personal liberties and trespasses on economic rights. Yet, social...

Frank Vibert expertly examines the fundamental issues involved in attempts to rethink international institutions and their rule making procedures. He analyses the basic problems with the existing system and the main approaches to its reform. The book rejects the idea that there are any simple...

This authoritative two volume collection pulls together the work of leading sports economists over the last five decades to answer these and other questions using consumer theory, labour economics, industrial organisation and a range of other theoretical insights combined with econometric...

Beyond Neoclassical Economics is a remarkable introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory.

This unique book uses a transaction cost perspective to illustrate how hierarchies influenced the structure of markets and behaviour of individual businesses and cartels in pre-revolutionary, Soviet and present-day Russia.

This book examines China’s record of oil and gas development, its refining capacity, and energy prospects. The authors conclude that there are no fundamental reasons for anxiety about China’s demands on the world energy economy, but they emphasize that its energy future will depend...

Trade Protection in the United States analyzes the history of US trade policy to explain why interest groups are able to foster protectionist policies despite the advantages which free trade offers consumers. The authors also explain why the principles of managed trade – as epitomized in the...

This book attempts to reformulate existing orthodox economic theory in order to improve its conversation with disciplines that have traditionally been seen as the domain of political scientists, sociologists, psychologists and even biologists, and to fit economics into the broader scheme of...