For three decades, neoliberalism dominated the global political economy. Defined as an
explicit preference for private over public control, neoliberalism represented a dramatic …

In recent years, the judicialization of politics worldwide has expanded its scope to
encompass what we may term “mega-politics”—matters of outright and utmost political …

The term “austerity” indicates a policy of sizeable reduction of govern-ment deficits and
stabilization of government debt achieved by means of spending cuts or tax increases, or …

Left-leaning political parties play an important role as representatives of the poor and
disempowered. They once did so by promising protections from the forces of capital and the …

Human capital theory in recent decades has become the basis for educational policy in
many developed countries. Expert discussions, however, often undervalue research findings …

Government size, corruption, and tax policy can influence allocation towards necessity or
opportunity-driven entrepreneurship. Using a comparative multi-source sample across 52 …

The Chinese invented gunpowder and began exploring its military uses as early as the
900s, four centuries before the technology passed to the West. But by the early 1800s, China …

For a century, economists have driven forward the cause of globalization in financial
institutions, labour markets, and trade. Yet there have been consistent warning signs that a …

The state of development of the financial sector does not change monotonically over time. In
particular, by most measures, countries were more financially developed in 1913 than in …

This book represents a considerable revision and expansion of Public Choice II (1989). As
in the previous additions, all of the major topics of public choice are covered. These include …