The analysis of sustainable economic growth and development often focuses on how to
control the market process through coercive state intervention. While state interventionism …

Military Entrepreneurs and the Spanish Contractor State in the Eighteenth Century offers a
new approach to the relationship between warfare and state construction. Historians looking …

Informal and formal institutions coexist, interacting in a complex and dynamic manner. We
examine whether informal institutions can still function without official recognition and how …

This paper provides a theoretical framework to explore how the support policies for
renewable energies can promote rent-seeking incentives in private firms. We develop a …

I compare two interpretations of the rational choice theory: decision-theoretic and price-
theoretic. The former takes the assumption of utility maximization as a literal description of a …

Este artículo revisa y discute las observaciones del profesor Maxi Nieto sobre algunos
temas importantes de la moderna teoría del socialismo. En particular, su interpretación del …

Conventional wisdom holds that the market for digital privacy fails owing to widespread
informational asymmetry between digital firms and their customers, behavioral biases …

The Austrian school economics and neo-Marxist theories both have been reviving in recent
years. However, the current academic discussion lacks a debate between two schools of …

Individualistic cultures are associated with economic growth and development. Do they also
improve governance of the commons? According to the property rights literature …

James M. Buchanan argued that not only the study of public choice, but also property-rights
economics as well as law and economics, can be traced directly to the work of scholars …