Frank H. Stephen’s evaluation of public policy on the legal profession in UK and European jurisdictions explores how regulation and self-regulation have been liberalized over the past 30 years. The book surveys where the most recent and radical liberalization involving the ownership of law...

This comprehensive volume provides a state-of-the-art overview of regulatory economics and reviews the main theories, tools, and domains of regulation

There has been much concern in recent years with whether the ‘privilege’ of self- regulation accorded to the professions works for or against the public interest (Federal Trade Commission, 1984; Monopolies and Mergers Commission, 1970, 1976a and 1976b; Department of Trade and Industry, 1989; Courts and...

Five years ago in a review of Jaroslav Vanek's The Labour‐Managed Economy published in this journal, the present writer ventured, inter alia , two general observations on the economics literature of the labour‐managed firm. First, “Vanek has contributed more words and analysis on this...

In a series of books beginning in 1949 with Expectation in Economics , G.L.S. Shackle has analysed business decisions made under conditions of uncertainty (see Shackle, 1949,1955,1961,1970). In these he rejects the orthodox, probability‐based, approach of expected utility theory and outlines...

After the precipitated decline of the Soviet Empire and its satellite states, a system change seemed to be called for, and many countries embarked on social and political reforms focussing on property structures in the economy. This raised the issue of governance in the institutions that would...