Product Description: An intriguing look at the exploding phenomenon of unregulated private currencies and how they will change our economy forever Private currencies have always existed, from notes printed by individual banks to the S&H Green Stamps to Bitcoin...read more

In his academic work, Robert Higgs has dissected the government’s shrewd secret excesses that lead to the Welfare State, the Warfare State, and the Administrative State. For several decades he has unstintingly chronicled the federal, state, and local governments’ malfeasance in these many areas of life that all levels of government have intruded upon without Constitutional mandate. In this book, however, are essays that show a whimsical, introspective, and personal side of this world renowned scholar. From the myth that the government has derived its powers from the consent of the governed to the role of independent experts in formulating monetary and fiscal policy; from the government’s duplicity in announcing the unemployment rate in a given month to how the state entraps us, if you want to see a true polymath at work, these lofty, serious, sad, and illuminating essays will educate you beyond what you had thought possible about life, liberty, and the economy.

Catastrophes ranging from the travesties of financial markets and the explosion of the Deepwater Horizon oil well to the tsunami that struck northern Japan and the levees breaking in New Orleans are examples of the limits of knowledge. Author Randy Martin insists that the expertise erected to prevent these natural and social disasters failed in each case.   In Knowledge LTD, Martin explores how both the limits of knowledge and the social constructions of culture reflect the way we organize social life in the face of disasters and their aftermath. He examines this crisis of knowledge as well as the social movements that rose up in its wake. Martin not only treats derivatives as financial contracts for pricing risk, but also shows how the derivative works in economic terms, where the very unity of the economy is undone.  Knowledge LTD ultimately points to a more comprehensive reordering of the once separate spheres of economy, polity, and culture. Martin provides a new way of understanding the social significance of the all-pervasive derivative logic. 

Product Description: Austrian Economics Re-examined: The Economics of Time and Ignorance is an expanded version of the 1996 edition of The Economics of Time and Ignorance. This work is a classic statement of the role of subjectivism, radical uncertainty and change through real time in Austrian economics specifically, and in modern economics more generally...read more

Product Description: The financial crisis – originated in 2008 in the United States – had a dramatic impact on the world economy. The European Union was immediately involved, but its reaction to the crisis was clearly inadequate. The misgovernment of the European economy not only put at risk the European Monetary Union, but it also caused further hindrances to the recovery of the global economy...read more

Product Description: Karl Popper and Friedrich von Hayek are remembered as two of the twentieth century’s greatest proponents of open society. However, over the years, Hayek’s ideas have tended to be favoured over Popper’s in both academic and political discussions...read more

Product Description: The questions such as, ‘why the focuses of national policies vary significantly across countries, although their sources of policies are to a great extent identical’; ‘why national development experiences mostly cannot be transplanted successfully among countries’; ‘why some ineffective institutions persist over long periods of time’, have attracted numerous efforts...read more

Product Description: The die-hard image of Malthus the ogre has not completely disappeared yet. And yet, Malthus showed no less concern than Adam Smith for the labouring poor. In order to make full sense of such expression of concern and to appraise their relevance in Malthus’s work, we need to know what moral philosophy, what view of natural science, and what view of the "moral and political science" Malthus endorsed...read more

Product Description: This book presents a critical appraisal of the main theories of distributive justice. It develops the view that all such theories, or at least all liberal theories, may be seen as expressions of laissez-faire with compensations for factors that they consider to be morally arbitrary...read more

Product Description: The financial crisis is destroying wealth but is also a remarkable opportunity to uncover the ways by which debt can be used to regulate the economic system. This book uses four case studies of cooperatives to give an in-depth analysis on how they have braved the crisis and continued to generate wealth...read more

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Product Description: Bryan Gould draws on his experience as a leading British politician and as a lawyer, academic, diplomat and television journalist to explain why the political and economic doctrines that have dominated the western world for three decades have meant that western countries have found that their democratic governments no longer serve them well...read more

Product Description: Social protection systems in Latin America developed in a fragmented manner, offering varying access to benefits and benefit levels to population groups. In the context of widespread informal and precarious work, social insurance institutions could only provide limited coverage...read more

Product Description: Using a large number of Scottish writers the themes of are all discussed. The distinctive Scottish contribution to the clash between natural liberty and socialist ideas is set out.

Product Description: A discussion of the anthropological roots of the market, tracing its development using the history of ideas and cultures as well as simple game theory. In his analysis of market ethics Bruni calls for a reconsideration of some of the central tenets of modern political economy, and the need for a new spirit of capitalism...read more

Product Description: A large number of Scottish writers in economics are discussed according to a thematic approach.The distinctive Scottish contribution to the clash between natural liberty and socialist ideas is set out.

Product Description: Libertarian Paternalists claim to have reconciled two radically different perspectives, offering a "Third Way" for contemporary democratic governments. In this book, Riccardo Rebonato offers a critical exploration of a philosophy which has taken the political landscape by storm, counting the US and UK administrations amongst its followers...read more