Free market economics has made many advances during the past thirty years. These advances are due to the maturing of public choice theory and empirical studies, along with a resurgence of interest in Austrian economic themes like free banking, market process entrepreneurship, and the critique of socialism and interventionism. In addition, new avenues have opened in law and economics and regulatory studies which favor free market ideas. The purpose of this book is to introduce and summarize some of the important advances in contemporary free market economics and policy by introducing the key concepts of public choice, public policy, Austrian economics, and law and economics. This volume is a non-technical compendium of thought which incorporates long quotations from important scholars in each field, ideal for students wishing to survey these topics without having to read dozens of academic articles and books. Also presented is new theory regarding topics such as perverse incentives and allodial real property policy. The second edition is significantly expanded, including updated information and articles, new research in areas such as family policy, new tables, and is easier to read with improved organization.
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Format:Paperback
This book was primarily written for translation into Spanish, and it is used a lot in Chile. The idea was to combine summaries of established thinking and some novel ideas along with a compendium of long quotations from important scholars. That way, non-English speakers would have better access to the original writers of the principal ideas of market economics. The book places emphasis on the areas of public choice, Austrian economics, law and economics, and public policy, with a critical perspective of interventionism and socialism. Basically, the reader will find much theoretical support for why the market economy is the preferred model and why government failure is such a tragedy. Free market solutions are also provided in areas such as environmentalism and banking. For the professor, this text can be the basis of a "dream" course that introduces all of the aforementioned themes in a non-mathematical way that provides access not only to people in economics, but also in law, political science, theology, and MBA programs.
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
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