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Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this record identifies what kinds of actions are beyond the ability of government. Combining public choice with studies of the value of property rights, markets, and institutions, this account produces a much different picture of modern political economy than the one accepted by mainstream political scientists and welfare economists. It demonstrates that when citizens request that their governments do more than it is possible, net benefits are reduced, costs are increased, and wealth and freedom are diminished. Solutions are also suggested with the goal to improve the lot of those who should be the ultimate sovereigns in a democracy: the citizens.
Providing students of economics, politics, and policy with a concise explanation of public choice, markets, property, and political and economic processes, this
Private sector action provides one of the most promising opportunities to reduce the risks of climate change, buying time while governments move slowly or even
We live in the grip of a great illusion about politics, Pierre Manent argues in A World beyond Politics? It's the illusion that we would be better off without p
This timely, pathbreaking study of North Korea’s political history and culture sheds invaluable light on the country’s unique leadership continuity and succ
Traditional public policy and welfare economics have held that market failures are common, requiring the intervention of government in order to serve and protec
