Routledge Foundations of the Market Economy

Edited by Mario J. Rizzo

New York University

Lawrence H. White

George Mason University

A central theme in this series is the importance of understanding and assessing the market economy from a perspective broader than the static economics of perfect competition and Pareto optimality. Such a perspective sees markets as causal processes generated by the preferences, expectations and beliefs of Economic agents. The creative acts of entrepreneurship that uncover new information about preferences, prices and technology are central to these processes with respect to their ability to promote the discovery and use of knowledge in society.

The market economy consists of a set of institutions that facilitate voluntary cooperation and exchange among individuals. These institutions include the legal and ethical framework as well as more narrowly “economic” patterns of social interaction. Thus the law, legal institutions and cultural and ethical norms, as well as ordinary business practices and monetary phenomena, fall within the analytical domain of the economist.

Economic and Political Change after Crisis

Prospects for Government, Liberty, and the Rule of Law

Edited by Stephen H. Balch and Benjamin Powell

Competition and Free Trade

Pascal Salin

Economic Freedom and Prosperity

The Origins and Maintenance of Liberalization

Edited by Benjamin Powell

Capitalism and Inequality

The Role of State and Market

Edited by G.P. Manish and Stephen C. Miller

For more information about this series, please visit www.routledge.com/series/SE0104