The development of the modern global trading system has been extremely rapid – and not without controversy. The WTO (and its precursor, the GATT) have provided not only a set of multilateral rules and disciplines but also a forum for negotiation and a legal mechanism to settle trade-related...

This major authoritative three volume work gathers together for the first time the seminal articles and papers – many of which are widely dispersed in rare publications – which provide the foundation and development of the Austrian School of Economics.

Money and Business Cycles, the first volume, is devoted almost exclusively to Hayek’s trade cycle theory and the related dynamic economics with sections on money and the trade cycle, Hayek and structural theories of the business cycle, and Hayek and equilibrium business cycle theory. The...

Economic Socialization is the most comprehensive and up-to-date book on how children and adolescents come to understand the economic world. Specific issues addressed include the evolution of young people’s ideas about wealth distribution, public ownership and the market, as well as the role of...

Throughout the developed and developing worlds, education spending is seen as a key tool for government policy makers in the quest for economic growth. Promoting ‘human capital’ development is a prime objective for economic and education ministries. The seminal articles in this essential...

Indirect taxes have become an increasingly important revenue–raising tool for governments in developed countries. In this book, John Creedy applies his wealth of experience and expertise to the analysis of indirect taxes and, in particular, concentrates on the modelling of indirect tax reform...

Challenging Nobel economics laureate Theodore W. Schultz, Dr Zhou, in this comparative and path-breaking work, presents a new model for private land ownership or possession to overcome inefficient land-holding, increase farm competitiveness, realize food self-sufficiency and eliminate poverty....

The establishment of the Shanghai Stock Exchange in December 1990 was a landmark in China’s institutional transformation. With this in mind, the authors consider the factors relating to institutional change – such as changes in the financial system, the scale and structure of stock market,...

Capital flight – the unrecorded export of capital from developing countries – often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This...

Economic Development and Political Reform addresses critical trends in the Middle Eastern political economy in the 1980s and 1990s and builds upon the cross-regional political science literature concerning political and economic reforms in the developing world. The book argues that external...