The choice of budget policy is often the leading domestic issue facing the electorate and their representatives. The budget-making process involves tax increases, expenditure reduction, and the underlying budget deficit – complex and controversial issues which require the reconciliation of...

This stimulating book addresses the relationship between market authority and political authority – a favourite theme of Susan Strange to whom the book is dedicated. From a survey of the bias against capital liberalisation in economic thought to an analysis of the US role in global monetary...

This book offers a new geographical political economy approach to our understanding of regional and local economic development in Western Europe over the last twenty years. It suggests that governance failure is occurring at a variety of spatial scales and an ‘impedimenta state’ is emerging....

The 27 articles reprinted in this volume are among Peter Mieszkowski’s most important contributions to public, urban and regional economics. Several of these pieces concern income distribution theory and policies for promoting equality in wages, housing and education.

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...