Collective Action and Exchange


Book Description

In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D. Ferguson presents a comprehensive political economy text aimed at advanced undergraduates in economics and graduate students in the social sciences. The text utilizes collective action as a unifying concept, arguing that collective-action problems lie at the foundation of market success, market failure, economic development, and the motivations for policy. Ferguson draws on information economics, social preference theory, cognition theory, institutional economics, as well as political and policy theory to develop this approach. The text uses classical, evolutionary, and epistemic game theory, along with basic social network analysis, as modeling frameworks. These models effectively bind the ideas presented, generating a coherent theoretic approach to political economy that stresses sometimes overlooked implications.




Solving Social Dilemmas


Book Description

"Solving Social Dilemmas demonstrates that social, political, and economic progress occur when ethical dispositions evolve in a manner that solves or ameliorate social dilemmas. That same process can account for the emergence of prosperous societies in the West during the late nineteenth and early twentieth centuries. It was substantially a consequence of increased moral support for commerce and careers in commerce that had emerged during the previous two centuries. To support these claims, two analytical histories are developed. The first uses elementary game theory to illustrate how critical social dilemmas can be solved by internalized ethical ideas about "proper" or "moral" conduct. That analytical history implies that in the absence of solutions to critical social dilemmas-of which there are many thousands-social, political, and economic development tends to be curtailed. The second analytical history surveys three centuries of ethical assessments concerning the proper role of commerce in a good life and good society. The authors reviewed all used economic illustrations to illustrate moral principles or how they may be applied. Because the illustrating examples are ones that their readers would have found "obvious," they shed light on the ethical dispositions in the communities to whom those works were addressed. Together, they reveal that concerns about the effects of market son ethical dispositions were diminishing during the centuries before the great acceleration of commerce in the nineteenth century. In fact, many of the authors reviewed argued that there was a complete harmony between ethical dispositions and commerce. Together the two narratives imply that shifts in norms directly and indirectly account for the relative prosperity of the West compared to other parts of the World during the twentieth century. It turns out that flourishing commercial societies have moral foundations"--




Accounting for Tastes


Book Description

The answers to these and many other questions about people's consumption patterns, Becker argues, have to do with the way preferences and values are shaped. Although these are central topics of social behavior, they have never been addressed in a systematic and analytical way. Becker applies the tools of modern economic analysis to just this topic, one that economists have traditionally left out of their models for rational choice.




Social Contract, Free Ride


Book Description

This book provides a novel account of the public goods dilemma. The author shows how the social contract, in its quest for fairness, actually helps to breed the parasitic 'free riding' it is meant to suppress. He also shows how, in the absence of taxation, many public goods would be provided by spontaneous group co-operation. This would, however, imply some degree of free riding. Unwilling to tolerate such unfairness, co-operating groups would eventually drift from voluntary to compulsory solutions, heedless of the fact that this must bring back free riding with a vengeance. The author argues that the perverse incentives created by the attempt to render public provision assured and fair are a principal cause of the poor functioning of organised society.




Post-Chicago Developments in Antitrust Law


Book Description

This work offers a critical evaluation of the Chicago approach to antitrust. The authors discuss the economic foundations of competition policy and the different ways in which both American and European competition law does - or does not - take account of economic insights.




Institutions, Social Norms and Economic Development


Book Description

In order for economic specialization to develop, it is important that well-defined property rights are established and that suspicion and fear of fraud do not pervade transactions. Such conditions cannot be created ex abrubto, but must somehow evolve. What needs to develop is not only suitable practices and rules themselves, but also the public agencies and moral environment without which generalized trust is difficult to establish. The cultural endowment of societies as they have developed over their particular histories is bound to play a major role in this regard, and the matter of cultual endowment is one of the central themes of this book. On the other hand, division of labour does not only require well-enforced property rights and trust in economic dealings. It is also critically conditioned by the thickness of economic space, itself dependent on population density. This provides the second major theme of the volume: market development, including the development of private property rights is not possible, or will remain very incomplete, if populations are thinly spread over large areas of land. The book makes special reference to sub-Saharan Africa.




Infrastructure


Book Description

This book devotes much needed attention to understanding how society benefits from infrastructure resources and how management decisions affect a wide variety of interests. The book links infrastructure, a particular set of resources, with commons, a resource management principle by which a resource is shared within a community. broad implications for scholarship and public policy across many fields ranging from traditional infrastructure like roads to environmental economics to intellectual property to Internet policy.




Fundamentals of Antitrust Law


Book Description

The hands-on guide to antitrust issues that todayand’s courts confront most often, with guidance on developing litigation strategy, counseling clients on compliance, representing clients before regulators, and advising on mergers and acquisitions; confidently advise clients on Sherman Act compliance, Hart Scott Rodino, distribution and pricing issues, and complex commercial litigation. By Herbert Hovenkamp and Phillip E. Areeda. Now published in a single-volume with an annual update, Fundamentals of Antitrust Law, Fourth Edition provides sophisticated coverage of the topics most cited or litigated in the field. Whether you are developing litigation strategy, counseling clients on compliance, representing clients before regulators, or advising on mergers and acquisitions, Fundamentals of Antitrust Law, Fourth Edition has all the information you need, at your fingertips. Turn to this invaluable volume when: Advising clients on specific aspects to comply with the Sherman Act Developing litigation strategies Representing clients before regulators Advising clients on mergers and acquisitions Advising clients on Hart Scott Rodino Handling complex commercial litigation Handling distribution and pricing issues for clients And more Organized by issue, Fundamentals of Antitrust Law, Fourth Edition covers the full range of anticompetitive conduct, as well as procedural issues. It is keyed to the leading Areeda and& Hovenkamp treatise, Antitrust Law: An Analysis of Antitrust Principles and Their Application and includes extensive cross references, organization that follows the main work, and a thorough index that allow you to get to the information you need quickly and easily.







Mastering The Markets


Book Description

Embark on a journey into the dynamic world of financial markets with "Mastering The Markets," a comprehensive guide designed to equip both novices and seasoned traders with the tools and knowledge needed to navigate the complexities of trading and investing. Authored by a seasoned financial expert with years of experience in the industry, this book demystifies the intricate workings of markets, offering invaluable insights and practical strategies to help readers achieve their financial goals. From understanding fundamental concepts such as supply and demand to mastering advanced techniques like technical analysis and risk management, each chapter is carefully crafted to provide a step-by-step approach to mastering the art of trading. Whether you're a newcomer seeking to build a solid foundation or a seasoned investor looking to refine your skills, "Mastering The Markets" offers something for everyone. Packed with real-world examples, actionable tips, and proven strategies, this book is your ultimate guide to unlocking the potential of the markets and achieving sustainable success in the ever-evolving world of finance. Key Features: Comprehensive coverage of fundamental and advanced trading concepts. Practical strategies for effective risk management and portfolio optimization. In-depth analysis of various market dynamics and trading instruments. Insights from experienced traders and industry professionals. Step-by-step guidance on developing personalized trading plans and strategies. Real-world examples and case studies illustrating key concepts in action. Whether you're aiming to supplement your income through trading or seeking to make a full-time career out of it, "Mastering The Markets" equips you with the knowledge, skills, and confidence needed to thrive in today's competitive financial landscape. Unlock the secrets to profitable trading and embark on a journey towards financial freedom with this essential resource.