Most people regard sustainable development as essentially a matter of intertemporal ethics. This paper argues that the crux is excessive environmental disruption due to an inadequate account for the external costs on other people now, rather than due to inadequate concern for our grandchildren....

Recognizing increasing returns disrupts much of the established wisdom in economic analysis, making money non-neutral, equity conflict with freedom, and encouraging goods with increasing returns efficient. This book discusses these problems and ways they can be handled, helping to explain...

Happiness is a private matter and individual pursuit; however, public policy does have an important role and can contribute much through various enabling means. This volume discusses the determinants of happiness and presents case studies of how public policy can help promote happiness.

Considering efficiency, equality, and morality, this book argues for qualified market expansion, particularly in legalizing kidney sales and prostitution. Legalizing prostitution will benefit both men and women, as argued in a chapter jointly written with Yan Wang. Blood donation without...

pt. 1. Pre-Smith analyses -- pt. 2. The Smithian economics of the division of labor -- pt. 3. Marx on the division of labor in capitalist manufacturing and the Hayekian problem of knowledge -- pt. 4. Economic development framed in the economics of the division of labor.