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Monetary Regimes and Inflation
Exploring the characteristics of inflations and comparing historical cases from Roman times up to the modern day, this book provides an in depth discussion of the subject. It analyses the high and moderate inflations caused by the inflationary bias of
Political Competition and Economic Regulation
Organized, readable, technically sound and comprehensive from both theoretical and empirical standpoints, this book summarizes a vast amount of institutional, historical and descriptive detail.Using case studies from the US, Canada, Germany and Switzerland as well as the European Union and the global economy, this is the first book of its kind to e
Totalitarianism, Terrorism and Supreme Values
Applying a rational choice perspective, this book presents a dynamic theory of the evolution of totalitarian regimes and terrorism. By demonstrating that totalitarian regimes rest on ideologies involving supreme values that are assumed to be absolutely true, the author identifies the factors that lead to totalitarian regimes, and those that transform or abolish those regimes with time. The author addresses different ideologies, such as National Socialism, Communism, and religious movements; examines numerous historical cases of totalitarian regimes; and develops a formal, mathematical model of totalitarianism in the book’s closing chapter.
Explaining Monetary and Financial Innovation
This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.
Political Competition, Innovation and Growth
This volume confronts an important historical hypothesis with empirical evidence from selected periods of history. The hypothesis in question states that competition among political and legal organisations in developing rules has been a crucial condition for liberty, innovation and growth in the history of mankind. It is due to Immanuel Kant, Edward Gibbon and Max Weber and has been revived and further developed by Nobel-Laureate Douglass C. North who contributes the first chapter. The volume brings together political economists, historians and legal scholars to discuss the role of political competition in the rise and decline of nations - both in theory and in a large number of case studies.
The International Game of Power
I. Human Artifacts, Social ¡Dilemma and the International System -- 1. The International System as a Human Artifact -- 2. States and the International System as a Response to the Social Dilemma and as a Means of Exploitation and Oppression -- 3. Nature of International Actors, of International Aims and Issues -- II. International Political Systems -- 1. Basic Laws of the International Political System -- 2. The Multipolar International System -- 3. Balance of Power Systems -- 4. Factors Causing the Breakdown of Balance of Power Systems -- 5. Factors Causing the End of the European Balance of Power System -- 6. The Bilateral Power System (Bipolar System) -- 7. The Universal Empire -- III. Fa...
Understanding Democracy
Democracy has moved to the centre of systemic reflections on political economy, gaining a position which used to be occupied by the debate about socialism and capitalism. Certitudes about democracy have been replaced by an awareness of the elusiveness and fluidity of democratic institutions and of the multiplicity of dimensions involved. This is a book which reflects this intellectual situation. It consists of a collection of essays by well-known economists and political scientists from both North America and Europe on the nature of democracy, on the conditions for democracy to be stable, and on the relationship between democracy and important economic issues such as the functioning of the market economy, economic growth, income distribution and social policies.
The Economics and the Ethics of Constitutional Order
Nobel Laureate James Buchanan questions how people can live together in peace, prosperity, and justice
