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Capitalism and Democracy

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Capitalism and Democracy

Challenges and Responses in an Increasingly Interdependent World

9781840648102 Edward Elgar Publishing
Dennis C. Mueller, Professor of Economics, University of Vienna, Austria
Publication Date: 2003 ISBN: 978 1 84064 810 2 Extent: 400 pp
This distinguished collection of Dennis Mueller’s papers discusses the economic challenges faced as a result of events in the latter third of the twentieth century; the formation of the European Union, the collapse of Communism in East Europe, and the deregulation and privatization movement that spread from North America to Europe and then across the rest of the world.

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Contents
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This distinguished collection of Dennis Mueller’s papers discusses the economic challenges faced as a result of events in the latter third of the twentieth century; the formation of the European Union, the collapse of Communism in East Europe, and the deregulation and privatization movement that spread from North America to Europe and then across the rest of the world.

The book explores the design of political institutions and the functioning of economies, and goes on to prescribe the types of fiscal and competition policies that are required as we enter the twenty-first century, posing questions such as:

• What should a new democracy’s constitution comprise?
• Should the European Union be organized as a federal system?
• What should a global competition policy consist of?

Academics specializing in public choice theory, political economy, and industrial organization will warmly welcome this outstanding volume, as will those with an interest in globalization and the European Union.
Critical Acclaim
‘Mueller is, of course, a prominent public choice scholar, indeed he is a past president of the Public Choice Society. He is also, however, an expert on antitrust law and its economic implications. Both of these areas are covered in the book and in both areas he makes a significant contribution. Some of these articles have been published before, but sometimes in major journals and sometimes in highly specialized journals. In my case, I had read the articles in the main journals before but they well repaid rereading. The articles published in the specialized journals were new to me as were of course the articles which had never been published before. Altogether, it is a major contribution to both public choice and antitrust economics. Living as he does in Europe but with a strong American background, professor Mueller is particularly interested in the current expansion of the Common Market. His ability to apply both the economics of antitrust and the economics of public choice to this area, means that his contribution is significant. I can honestly recommend the book to not only people in those two fields, but to the general scholar who is interested in developments in Europe in general. I learned a good deal from reading it and I’m sure that other readers will do the same.’
– Gordon Tullock, George Mason University, US

‘Dennis Mueller has a profound understanding of the rules by which the market and the government are organized. An American by education and a European by choice, he is especially qualified to evaluate the proposed EU constitution. Anyone who has an opportunity to advise or comment on this proposed constitution would increase the prospects for a more perfect European Union by understanding the Mueller articles on constitutional processes in this volume.’
– William Niskanen, The Cato Institute, US

‘Dennis Mueller’s Capitalism and Democracy is an outstanding addition to Elgar’s Economists of the Twentieth Century series. Over a distinguished and remarkably productive scholarly career, Professor Mueller has made major contributions to the literatures of industrial organization, public choice and constitutional economics. Collected herein is a vital sample of his recent work, comprising journal articles and book chapters published since 1996, along with two previously unpublished papers, in which Mueller brings his deep learning and analytical talents to bear on some of the critical challenges confronted by political and economic institutions in an increasingly interdependent new world order. Ranging widely across the United States, Asia and Europe, Mueller explores, in rational-choice perspective, how the relationships between the individual and the state are now being shaped, for good or ill, by national and international responses to the opportunities opened by the collapse of communism and to the limits imposed by emergent global integration, paying special attention to the implications of these events for centralized versus federal government structures, tax policy and competition policy. Capitalism and Democracy is a capstone volume of enormous value to economists, political scientists and, not least, the members of the body engaged in writing a new constitution for the European Union.’
– William F. Shughart II, University of Mississippi, US

‘In this collection of papers, a noted public choice scholar applies his insights and wisdom to the important changes in political and economic organization that have taken place across the world over the last third of the twentieth century. I know of no better source of intelligent discussion of these issues and their implications for the future. Dennis Mueller has done us all a favor by putting this work under one cover.’
– Robert D. Tollison, Clemson University, US
Contents
Contents: Introduction Part I: Challenges Part II: Constitutional Processes Part III: Tax and Subsidy Responses Part IV: Competition Policy Responses Index
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