1. The Locke Institute series

Books in this series

TOTAL: 19
  1. Markets Versus Hierarchies

    Markets Versus Hierarchies

    Ekaterina Brancato
    This unique book uses a transaction cost perspective to illustrate how hierarchies influenced the structure of markets and behaviour of individual businesses and cartels in pre-revolutionary, Soviet and present-day Russia. Learn More
    2009   Hardback Price: $ 135.00   Web: $ 121.50
    Availability: In Stock
  2. The Political Economy of Welfare Reform in the United States

    The Political Economy of Welfare Reform in the United States

    Mary Reintsma
    The welfare system in the United States underwent profound changes as a result of the groundbreaking welfare legislation passed in 1996 entitled The Personal Responsibility and Work Opportunities Reconciliation Act (PRWORA). The Political Economy of Welfare Reform in the United States examines in detail the legislative process that gave rise to PRWORA and presents two alternative theories to explain this process; the traditional public interest model of government and the public choice model. On the basis of a detailed historical analysis of welfare programs and policies in the US, the author explains the two alternative theories and engages in a detailed institutional and statistical analysis to make a convincing argument for the validity of the public choice paradigm. Learn More
    2007   Hardback Price: $ 128.00   Web: $ 115.20
    Availability: In Stock
  3. The Origins of Law and Economics

    The Origins of Law and Economics

    Edited by Francesco Parisi, Charles K. Rowley
    This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law. Learn More
    2005   Hardback Price: $ 223.00   Web: $ 200.70
    Availability: In Stock
    2007   Paperback Price: $ 74.00   Web: $ 59.20
    Availability: In Stock
  4. Public Goods, Redistribution and Rent Seeking

    Public Goods, Redistribution and Rent Seeking

    Gordon Tullock
    Gordon Tullock, eminent political economist and one of the founders of public choice, offers this new and fascinating look at how governments and externalities are linked. Economists frequently justify government as dealing with externalities, defined as benefits or costs that are generated as the result of an economic activity, but that do not accrue directly to those involved in the activity. In this original work, Gordon Tullock posits that government can also create externalities. In doing so, he looks at governmental activity that internalizes such externalities. Learn More
    2005   Hardback Price: $ 127.00   Web: $ 114.30
    Availability: In Stock
    2008   Paperback Price: $ 41.00   Web: $ 32.80
    Availability: In Stock
  5. Autocratic, Democratic, and Optimal Government

    Autocratic, Democratic, and Optimal Government

    William A. Niskanen
    This book presents simple models of the major alternative types of political regimes, estimates of the parameters of these models, and quantitative estimates of the fiscal choices and economic outcomes of these regimes. William Niskanen provides valuable analysis of the effects of the voting rule, the progressivity of the tax structure, and the length of the fiscal horizon in democratic governments and interesting insights of the effects of alternative regimes on policies, such as war and immigration, that affect the number of people subject to the regime. Learn More
    2004   Hardback Price: $ 127.00   Web: $ 114.30
    Availability: In Stock
    2005   Paperback Price: $ 44.00   Web: $ 35.20
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  6. Economic Welfare, International Business and Global Institutional Change

    Economic Welfare, International Business and Global Institutional Change

    Edited by Ram Mudambi, Pietro Maria Navarra, Giuseppe Sobbrio
    The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions. They demonstrate how the study of economic development is increasingly linked to the development of institutions, which allow for more complex exchanges to occur in markets and societies. Institutions can be understood as rules or constraints that channel individuals' actions in specific directions, and can be formal or informal depending on their genesis. The book highlights the connection between institutions and economic welfare by examining countries at different stages of development. Although the authors' study material effects, they also look at individual well-being which is more strongly influenced by the non-material products of institutions such as opportunity, freedom and relationships. They move on to highlight the role of institutions in global business, in terms of innovation, entrepreneurship and foreign direct investment. In the concluding chapters they focus on the actual process of transition from one institutional framework to another. Amongst other examples, they examine reforms to international financial institutions and constitutional adjustments in transition countries. Learn More
    2003   Hardback Price: $ 181.00   Web: $ 162.90
    Availability: In Stock
  7. The European Monetary Union in a Public Choice Perspective

    The European Monetary Union in a Public Choice Perspective

    Jennifer C. Martin-Das
    The future of European Monetary Union (EMU) stands as one of the most important economic issues of the era. The author argues that in the event of macroeconomic shocks, rather than acting as a cohesive force, EMU could give rise to disunity. As EMU is not an optimal currency area, asymmetric shocks affecting each country differently could be critical to its future. Learn More
    2002   Hardback Price: $ 165.00   Web: $ 148.50
    Availability: In Stock
  8. Rules, Choice and Strategy

    Rules, Choice and Strategy

    Ram Mudambi, Pietro Maria Navarra, Giuseppe Sobbrio
    This topical book analyses the change of electoral rules in Italy from proportional representation toward plurality. While Italy is used as the illustrative case, the analysis has far-ranging theoretical and practical implications, and will therefore be of interest to academics and researchers of political economy, constitutionalism and public choice. Learn More
    2001   Hardback Price: $ 134.00   Web: $ 120.60
    Availability: In Stock
  9. Capital and Uncertainty

    Capital and Uncertainty

    Ian Runge
    This book is an important addition to the emerging body of new work on capital. Its primary contribution is in analysing capital investment choice as a process. The understanding of this process requires some modification and significant extension to the standard neo-classical economic tools. Capital and Uncertainty is a non-mathematical text, modernizing and adding to the existing thought in this area, with insights from game theory, rational choice under uncertainty and new institutional economics. Dr Runge also draws upon 25 years of business experience in setting out a thorough and immensely practical exposition of the risk/return trade-off and how major capital investment decisions are made within firms. Learn More
    2000   Hardback Price: $ 134.00   Web: $ 120.60
    Availability: In Stock
  10. The Political Economy of Democratic Institutions

    The Political Economy of Democratic Institutions

    Peter Moser
    Majority rules are generally unstable and not binding for future voters, and so are insufficient for the required security of a market economy. In this challenging book, Peter Moser argues that stability can be achieved by democratic political institutions limiting the influence of majorities. Learn More
    2000   Hardback Price: $ 145.00   Web: $ 130.50
    Availability: In Stock
  11. Hayek Revisited

    Hayek Revisited

    Edited by Boudewijn Bouckaert, Annette Godart-van der Kroon
    The authors present an overview of the intellectual influences and historical events which inspired Hayek and examine the development of the idea of spontaneous order. They also describe the reasons why Hayek rejected constructivism for a more evolutionary approach in economics, political theory and legal theory. They go on to examine the welfare state, probably the most controversial area of Hayek’s work. They then discuss the neutrality of the state and the morality of cooperation in society, the rule of law and constitution, and the concepts of the totalitarian state and free society. Learn More
    2000   Hardback Price: $ 134.00   Web: $ 120.60
    Availability: In Stock
  12. The Political Economy of the New Deal

    The Political Economy of the New Deal

    Jim F. Couch, William F. Shughart II
    The Political Economy of the New Deal explores the political and economic forces that shaped the highly uneven distribution of federal emergency relief spending during the Great Depression. It presents new empirical evidence on the Roosevelt administration’s response to the Great Depression, and shows how this was influenced more by presidential politics than by the plight of the unemployed millions. Learn More
    1998   Hardback Price: $ 145.00   Web: $ 130.50
    Availability: In Stock
  13. Limited Government, Individual Liberty and the Rule of Law

    Limited Government, Individual Liberty and the Rule of Law

    Edited by Norman Barry
    This volume offers a selection of the works of one of the most persuasive and sophisticated theorists of the free economy and the free society, Arthur Asher Shenfield. Learn More
    1998   Hardback Price: $ 175.00   Web: $ 157.50
    Availability: In Stock
  14. Policy Analysis and Public Choice

    Policy Analysis and Public Choice

    William A. Niskanen
    Policy Analysis and Public Choice is an important selection of articles written by William A. Niskanen over the last thirty years. The volume represents two quite different disciplines to which Niskanen has made a major contribution: policy analysis and public choice. It also includes his major essays on proprietary studies as well as many of his professional papers written for an academic audience. Learn More
    1998   Hardback Price: $ 183.00   Web: $ 164.70
    Availability: In Stock
    2005   Paperback Price: $ 83.00   Web: $ 66.40
    Availability: In Stock
  15. on voting

    on voting

    Gordon Tullock
    On Voting expands present thinking in the Public Choice school and provides a forum for creating new paradigms in the school as well as changing the focus and scope of current studies. It encourages new research by suggesting areas where more work should be done. The book will be of special interest to political scientists as well as those interested in public policy and political economy. Learn More
    1998   Hardback Price: $ 144.00   Web: $ 129.60
    Availability: In Stock
  16. TRADE PROTECTION IN THE UNITED STATES

    TRADE PROTECTION IN THE UNITED STATES

    Charles K. Rowley, Willem Thorbecke, Richard E. Wagner
    Trade Protection in the United States analyzes the history of US trade policy to explain why interest groups are able to foster protectionist policies despite the advantages which free trade offers consumers. The authors also explain why the principles of managed trade – as epitomized in the institution of the GATT – are inevitably subverted by protectionism. This important book concludes with a vigorous justification of unilateral free trade and makes a convincing case for protecting the freedom to trade through an amendment to the US constitution. Learn More
    1995   Hardback Price: $ 167.00   Web: $ 150.30
    Availability: In Stock
  17. BUREAUCRACY AND PUBLIC ECONOMICS

    BUREAUCRACY AND PUBLIC ECONOMICS

    William A. Niskanen
    Bureaucracy and Public Economics brings together in one volume the classic book and related articles which put forward the first formal economic theory of the behaviour of bureaucracies. William Niskanen Jr. has consistently argued that bureaucrats have personal objectives – that differ from those of both their political supervisors and the general public – which they further by use of their monopoly power. He develops his argument to contend that government budgets have become too large and should be curtailed. All of Professor Niskanen’s major contributions to this field have been brought together in this one volume including his pioneering article on ‘The Peculiar Economics of Bureaucracy’, the full text of the book ‘Bureaucracy and Representative Government’ and his recent reassessment of the larger body of scholarship on the economics of bureaucracy. Learn More
    1996   Paperback Price: $ 53.00   Web: $ 42.40
    Availability: In Stock
  18. PUBLIC GOODS AND PRIVATE COMMUNITIES

    PUBLIC GOODS AND PRIVATE COMMUNITIES

    Fred E. Foldvary
    Rejecting the market-failure hypothesis, Dr Foldvary argues that an entrepreneur can provide collective goods by consensual community agreements. Instead of focusing particular services, as previous studies have done, this book concerns itself with entire private communities. A series of case studies demonstrates how real world communities, such as Walt Disney World, the Reston Association in Virginia and the private neighbourhoods of St Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate restrictions such as zoning as well as the taxation of private services. After considering the implications of his work for urban economies – at a time when many of America’s cities are plagued by decay, violence and poverty – Dr Foldvary argues that prosperity can be restored to cities if private communities are allowed to develop. As an original response to an urgent, contemporary problem this well-written book will be welcomed by social scientists, policy makers and business leaders seeking solutions to problems of urban decay. Learn More
    1994   Hardback Price: $ 155.00   Web: $ 139.50
    Availability: Out of Stock
  19. THE RIGHT TO JUSTICE

    THE RIGHT TO JUSTICE

    Charles K. Rowley
    The Right to Justice reviews the history of legal services in the US from its origins in the 1890s to the multi-million dollar Federal program of the late 20th century. But this is no ordinary text. Charles Rowley skilfully shows how government transfers tend to be dissipated in competitive rent-seeking by special interest groups, that much of what is left tends to be subverted to the agendas of the more powerful groups and that the residuals tend to be inefficiently managed by a poorly monitored and ideologically motivated supply bureaucracy. The upshot is that customer preferences play little or no role in the allocation of resources within the legal services budget. Learn More
    1992   Hardback Price: $ 176.00   Web: $ 158.40
    Availability: In Stock