It is hard to find a book that explains, simply and fairly, what capitalism is, how it works, and its strengths and weaknesses. The very word capitalism was coined as a term of abuse. And still today, most books on the subject remain hostile to capitalism, or paint a distorted, confused picture...

In the last two decades, a renewed interest in property rights have challenged the accepted interpretation of property rights as “bundle of rights” over the use of things and have rehabilitated the old classical interpretation of property rights as exclusive (absolute) dominium over things...

The notion of 'transnational governance' refers to systems in which private actors and other non- state institutions participate in setting and enforcing norms for cross-border transactions in trade, finance and other business. While the term is modern, the co-evolution of world markets and...

Bitcoin and other cryptocurrencies’ spectacular rise over the past years has attracted considerable public and academic interest. The important question arising in this context is whether cryptocurrencies can legitimately be regarded as money. This paper contributes to the current discourse by...

This is an entry produced for the Handbook of the History of Economic Analysis, edited by Gilbert Faccarello and Heinz D. Kurz (eds). Volume 3. Cheltenham, UK and Northampton, MA, USA: Edward Elgar, forthcoming. We analyze competition as rivarly in a race, as a specific market structure, and as...

Efficient constitutional change depends on ability of bargaining parties to overcome such inherent problems of political change as commitment and credibility (Galiani, Torrens, and Yanguas, 2014; Congleton, 2011; Boettke and Coyne, 2009). This paper studies how constitutional bargaining leads to a...

Luigi Taparelli (1793-1862) turned his attention to economic theory and method towards the end of his career, dedicating several articles in the 'Civiltà Cattolica' journal to the subject in the late 1850's. As an eclectic social and political theorist, combining Thomistic and Aristotelean...