This book illustrates the challenges that regulators and policy makers have faced in the transition from the ‘old’ network industries to the new digital ecosystem. It succinctly describes the evolution of digital economy, its main actors, notably global digital platforms, as well as its interactions, interdependences, and trade-offs. Eventually, it proposes insights about why public rules are needed, what kind of rules could be more effective, fair, and efficient, and who should pose and e...

This book provides a critical comprehensive summary of the coevolution of telecom markets, rules and public institutions over the last 25 years, focusing on the challenges that regulators and policy makers have been facing. Even if the perspective of the book is European (as the EU regulatory framework is examined), most of the economic and institutional issues addressed are common to all telecom markets in advanced economies.The book addresses some traditional fundamental topics i...

This book explores the wave of liberalization reforms experienced by OECD network industries. Focusing on the telecommunications sector, the authors analyze the latest data available on liberalization and privatization, and following a political economics approach, they integrate standard economic analysis with the most recent studies of the political determinants of market-oriented policies. The book presents new econometric evidence on several policy issues, including institutional compl...

This title was first published in 2001. This wide-ranging and comprehensive collection investigates the background to environmental economic development over the last thirty years, and the political implications of new directions resulting from technological and cultural changes in environmental issues. It examines the application of economic analysis to environmental problems in the past and solutions to the current issues of water, soil, air, energy, waste and urban ecology, discussing t...

The traditional role of evolutionary theory in the social sciences has been to explain the existence of an object in terms of the survival of the fittest. In economics this approach has acted as a justification for hypotheses such as profit maximisation, or the existence of institutions in terms of their overall efficiency. This volume challenges that view and argues that one of the first tasks of economic theory should be to explain the enormous diversity of institutional arrangements tha...

This book addresses the lively interaction between the disciplines of law and economics. The traditional boundaries of these two disciplines have somehow inhibited a full understanding of the functioning of and the evolution of economic and legal systems. It has often been the case that these boundaries have had to be reshaped, and sometimes abolis

This book has already been published in Italy by the university press Aracne (http://www.aracneeditrice.it/aracneweb/index.php/pubblicazione.html?item=9788854857957). Its twofold purpose is to define some dimensions of individual autonomy (in particular, existential, functional and relational autonomy) and promote their dissemination within society, mainly through the introduction of some legal and economic tools.Starting from references to authors such as Adam Smith, Immanuel Kant...

Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory—establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure. Each is discussed verbally, graphically, and us...

There is a common view among many economists that one model is capable of explaining a specific type of behaviour in all cultural environments. It is only necessary to make appropriate adjustments to bring the model in line with prevailing cultural conditions. This book argues that such an approach can lead to error, in particular to incorrect explanation and understanding of the phenomenon in question, and therefore may result in inappropriate policy recommendations.Katzner’s fasc...

"Thought provoking and fresh - this book challenges how we think about economics.”Gillian Tett, Financial TimesFor further information about recent publicity events and media coverage for Rethinking Capitalism please visit http://marianamazzucato.com/rethinking-capitalism/Western capitalism is in crisis. For decades investment has been falling, living standards have stagnated o...

The foundational text of libertarian thought, named one of the 100 Most Influential Books since World War II (Times Literary Supplement)First published in response to John Rawls' A Theory of Justice, Robert Nozick's Anarchy, State, and Utopia has since become one of the defining texts in classic libertarian thought. Challenging and ultimately rejecting liberal, socialist, and conservative agendas, Nozick boldly asserts that the rights of ...

Regulation is often thought of as an activity that restricts behaviour and prevents the occurrence of certain undesirable activities, but the influence of regulation can also be enabling or facilitative, as when a market could potentially be chaotic if uncontrolled. This Handbook provides a clear and authoritative discussion of the major trends and issues in regulation over the last thirty years, together with an outline of prospective developments. It brings together contributionsfrom lea...