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Book synopsis

In this fully revised second edition of a popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. Chapter 2 looks at the economic nature of contracts and reviews the "contractual form" by interpreting the Edgeworth-Bowley box from an economics of contracting perspective. Chapter 7 is updated and elaborates on the application of rent-seeking to antitrust and competition analysis. A new chapter 8 addresses the issue of legal barriers to entry and related issues, in particular how a legal barrier can affect consumer welfare. The discussion on the "anarchy of legitimacy" has been reviewed while a new chapter 11 critically evaluates the exchange and allocation of economic power and income inequality in developing countries. Finally, in a new chapter 12 the author presents an overview of the global political economy and identifies the contribution of public choice to the debate.

Book details

Book category Books in English Economics, finance, business & management Economics Political economy

• Full title: Economics of Public Choice
• Author: Paddy McNutt
• Language: English
• Binding: Paperback
• Number of pages: 352
• EAN: 9781843760665
• ID: 04855139
• Publisher: Edward Elgar Publishing Ltd
• Weight: 532 g
• Dimensions: 234 × 156 × 20 mm
• Date of publishing: 27. March 2002

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