The Economics of Institutions is a collection of key essays in the field of both ‘new’ and ‘old’ institutional economics.

In the long aftermath of the acute global financial crisis of 2008/09, “rebalancing” the economy with new sources of growth and productivity remains a persistent necessity. This book addresses the resulting trade-offs and challenges. These needs, and the corresponding policy challenges, are...

Philipp Maier offers a unique examination of the extent to which governments and various interest groups have exerted pressure on central banks. The book looks in particular at the Deutsche Bundesbank – which acted as the blueprint for the European Central Bank (ECB) – and utilises an...

Economic Analysis and Political Ideology, the first volume of Karl Brunner’s essays with an introduction by Nobel Laureate James M. Buchanan, reproduces articles dealing with Professor Brunner’s socio-economic analysis. Providing insight into a man absorbed and preoccupied by economic...

Analysing how price expectations are formed is essential since the dynamics of market prices are mainly driven by the agent’s belief concerning the future values of prices and by the uncertainty characterising these values. This is a difficult task as prices are highly volatile in most markets...

In this book, well-known economists and policymakers look at the next step in the integration process for accession countries: accession to European Monetary Union (EMU). They debate which monetary and exchange rate strategies are optimal during the run-up to EMU, and consider the conflict that...

Macroeconomic policies have come under justifiable scrutiny because of their powerful and pervasive impacts throughout the economy. This book examines the sustainability of growth-oriented macroeconomic strategies, starting from early ideas linking macroeconomic policies, growth and...

This book is the first of two volumes of Alec Nove’s previously unpublished writings, and it brings together a lifetime of thought and experience of the economics of the real world. Alec Nove believed that economic theory should be constructed from real experience and not simply theory which...

This major title features a key selection of Professor Rothschild’s work in the areas of economic methodology, theory and policy. Specific issues discussed include advertising, price theory, competition, economic growth models, economic forecasting, the subjectivist Austrian school, oligopoly,...

This provocative book examines the standing of Say’s Law two centuries after its initial statement in 1803.