Philip Booth and Richard Wellings have brought together key papers originally published by the Institute of Economic Affairs, which, for the past 50 years, has been vigorously defending the case for free trade, and for globalization more generally. These important papers, which are not widely...

Regulatory economics has become increasingly important over the last quarter of a century, in part as a result of the wave of privatization, starting in the UK, which made the regulation of monopoly of much greater interest. The discipline has also become more rigorous, increasingly employing...

Defences for regimes of private property ownership are normally grounded on economic efficiency arguments. In Property as a Guarantor of Liberty a different approach is taken, one that grounds the defence of private property ownership on the protection it affords to individual liberty. Several...

In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. The author evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour,...

During the last decade, privatization, understood here as the transfer of state-owned enterprises to the private sector, has become a widespread phenomenon among formerly socialist and mixed economies. It has been touted as a quick route to growth and prosperity in countries suffering from...

Public procurement is big business. International organisations and governments at national, regional, state and city levels are major buyers of goods and services. However, public procurement is a relatively under-researched and new discipline, which, uniquely, brings together contributions...

This book provides a balanced presentation of international trends in infrastructure regulation and financing. Based on recent developments in microeconomic theory, it comprehensively discusses the role of the state and the private sector in infrastructure provision.

Around half the world’s population live in countries where the fertility rate is far below the replacement rate and where life expectancy is increasing dramatically. Using Singapore as a case study, Social Policy in an Ageing Society explores what might happen in a dynamic and prosperous...