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.
Table of Contents
1: Constitutionally constrained and safeguarded competition in markets and politics; 2: Markets and regulation: The contrast between free-market liberalism and constitutional liberalism; 3: The Freiburg school of law and economics: Predecessor of constitutional economics; 4: Hayek's legacy and the future of liberal thought: Rational liberalism vs. evolutionary agnosticism; 5: Hayek's theory of rules and the modern state; 6: John R. Commons: Institutional evolution through purposeful selection; 7: The market as a creative process (with James R. Buchanan); 8: A constitutional economics perspective on international trade