{"title":"The Locke Institute Series","description":null,"products":[{"product_id":"institutional-economics-book-wolfgang-kasper-9781858989419","title":"Institutional Economics","description":"The discipline of institutional economics has gained increasing prominence in recent years, because standard economic explanations can often not come to grips with major contemporary policy issues, such as economic reform in affluent, but dysfunctional economies, the transformation of the failed socialist command economies and the governance problems of the new industrial economies. Institutional economists point out that rule systems matter greatly to explaining these problems and that institutional innovation is central to finding sustained solutions. Institutions must underpin increasingly complex webs of human interaction because interaction and coordination depend on tenuous links of trust.This major book provides an accessible introduction to the burgeoning discipline of institutional economics, and to the central issues of private property rights and their competitive use. The book develops the issue from fundamental premises about human cognition and motivation. It includes policy-oriented discussions of:            the logical basis of institutions and why institutions matter  the institutional arrangements underpinning domestic markets and international exchange where human action is coordinated by private choice  the institutional arrangements underpinning business organizations  the functions of government and the relative merits of private and public choice, as well as solutions to controlling the opportunistic use of political power  possible reforms in heavily regulated mature economies that have to meet the challenge from new competitors  the reasons for the collapse of the socialist institutional system  the influence of globalization on institutional development during the modernization process in third-world countries    This text breaks new ground in that it summarises the contemporary institutional literature in a cohesive manner.    The book will not only be welcomed by the student of economics but will also be essential to jurists, business managers, anthropologists, sociologists, political scientists, social historians and moral philosophers.","brand":"WoB","offers":[{"title":"GB \/ VERY_GOOD \/ INTERNAL","offer_id":49651123126545,"sku":"GOR013400586","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1858989418.jpg?v=1751281372"},{"product_id":"on-voting-book-gordon-tullock-9781858986661","title":"on voting","description":"In this important new book, Gordon Tullock, a founding father of the public choice school, provides a formal analysis of the foundations of decision making. Voting procedures are crucial to Western democratic governments but are also employed in dictatorial governments, private clubs, corporations and religious organizations. This comprehensive book examines the many techniques of voting and the different outcomes in different situations. Gordon Tullock's analysis begins by using a simple model in which individuals vote in terms of their own preferences. It is assumed that the voters are well informed, their preferences are reasonably firm and there are no trades or bargains made among voters. These assumptions are then relaxed in order to make the analysis more realistic. Special attention is given to Arrow's work and the idea that people do not always vote according to simple preferences. The author discusses the phenomenon of 'throwing a vote away' or the possibility of an individual voting against their preference if offered something in return. After considering strategic voting, situations where voters engage in trades between one another and the lack of perfect information, Gordon Tullock examines a voter's options and the idea that individuals may rank options in degrees of their preferred outcomes. He also explores the possibility of preferences changing over time, why some issues are put up to vote and others are not, and situations where individuals voting with the same preferences, but in different voting systems, result in different outcomes.  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.","brand":"WoB","offers":[{"title":"US \/ GOOD \/ SBYB","offer_id":50393180438801,"sku":"CIN1858986664G","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1858986664.jpg?v=1751412500"}],"url":"https:\/\/www.worldofbooks.com\/collections\/the-locke-institute-series-book-series.oembed","provider":"World of Books ","version":"1.0","type":"link"}