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Constitution of Markets: Essays in Political Economy

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Overview

What is the nature and role of competition in markets and politics?
This book examines the institutional dimension of markets and the rules and institutions that condition the operation of market economies. Particular attention is paid to the the role of the state, specifically the role of governments in shaping and maintaining the economic constitution of their societies.

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Product Details

Table of Contents

Preface
1 Constitutionally constrained and safeguarded competition in markets and politics 1
2 Markets and regulation: the contrast between free-market liberalism and constitutional liberalism 17
3 The Freiburg school of law and economics: predecessor of constitutional economics 37
4 Hayek's legacy and the future of liberal thought: rational liberalism versus evolutionary agnosticism 53
5 Hayek's theory of rules and the modern state 77
6 John R. Commons: institutional evolution through purposeful selection 89
7 The market as a creative process 101
8 A constitutional economics perspective on international trade 115
Notes 131
Bibliography 185
Author index 199
Subject index 201
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