Beyond Neoclassical Economics is a remarkable introduction to the main heterodox schools of economic thought which examines their main concepts and their critiques of mainstream theory.Offering a wide spectrum of theory and viewpoints that both complement and challenge mainstream and conventional thought, this substantial volume explores schools of thought and traditions poorly covered in most conventional economics textbooks. The schools presented include Austrian economics, Geo-economics, the Virginia School of Political Economy, Institutional economics, Feminist economics, Humanist economics and Non-determinist Marxism. The papers in this volume have been prepared by leading scholars who offer new perspectives on conventional thought, as well as dialogue and commentary between their different approaches to economics. The aim of this major book is not only to understand the thought, methodology, and approach of various economic schools, but also to explain why there are different approaches to economics and how the different schools relate to one another.

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Read the Introduction.

"Whether you are interested in the role of government and markets, or the role of technology in society, or in specific policy areas, "Half-Life" makes for stimulating reading. Foldvary and Klein should be commended for bringing together many disparate policy areas under one roof, and assessing the role of technology in promoting choice, freedom, and prosperity."--"Knowledge, Technology, & Policy"

""The Half-Life of Policy Rationales" is one clever book. Nothing in recent years on economics of new technology comes close."
--"The Independent Review"

"This makes for provocative and profitable reading."
-- "Markets & Morality"

"A useful volume for those interested in the rationales for regulations and other government policies."
--" Choice"

The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications for many public policies are dissolving as technology advances. As new detection and metering technologies are being developed for highways, parking, and auto emissions, and information becomes more accessible and user-friendly, this volume argues that quality and safety are better handled by the private sector. As for public utilities, new means of producing and delivering electricity, water, postal, and telephone services dissolve the old natural-monopolies rationales of the government.

This volume includes essays on marine resources, lighthouses, highways, parking, auto emissions, consumer product safety, money and banking, medical licensing, electricity, water delivery, postal service, community governance, and endangeredspecies. The editors have mobilized the hands-on knowledge of field experts to develop theories about technology and public policy. The Half-Life of Policy Rationales will be of interest to readers in public policy, technology, property rights, and economics.

Do public goods and services, such as streets, parks and dams have to be provided by government? In Public Goods and Private Communities, Fred Foldvary's innovative application of public choice and spatial theory to questions of urban economics and governance shows how collective goods can be provided by agents in a market process.Rejecting the market-failure hypothesis, Dr Foldvary argues that an entrepreneur can provide collective goods by consensual community agreements. Instead of focusing particular services, as previous studies have done, this book concerns itself with entire private communities. A series of case studies demonstrates how real world communities, such as Walt Disney World, the Reston Association in Virginia and the private neighbourhoods of St Louis, are in fact financing their own public goods and services in accordance with this theory. For such communities to rise and prosper, the author contends, government must eliminate restrictions such as zoning as well as the taxation of private services. After considering the implications of his work for urban economies - at a time when many of America's cities are plagued by decay, violence and poverty - Dr Foldvary argues that prosperity can be restored to cities if private communities are allowed to develop. As an original response to an urgent, contemporary problem this well-written book will be welcomed by social scientists, policy makers and business leaders seeking solutions to problems of urban decay.

This important and original dictionary presents for the first time in an easily accessible form a wide range of terms and concepts used in free-market economics. It includes entries on theories of the market economy, as well as empirical studies of economic freedom and informative biographies of free-market economists. Standard dictionaries in economics often omit many terms used in free-market economics, and also place a different interpretation on some terms and concepts, such as 'intervention', 'regulation', 'ownership and 'public goods'. In addition, they often do not include references on important and controversial topics such as free banking. This Dictionary includes definitive entries that are not covered elsewhere, as well as explaining key terms and concepts from the Austrian, Chicago, Virginia Public Choice, Law and Economics and Georgists schools of thought. It also incorporates the essential points of a particular topic, concept or term used in law, finance and classical liberal philosophy as well as many basic terms used in economics. Sorted alphabetically, with extensive cross-referencing this dictionary provides concise and clear definitions of common as well as less well known concepts used in free-market economics. This Dictionary will be an essential source of reference for all those in the public choice and Austrian schools as well as those with an interest in free-market economics.

View the Table of Contents
Read the Introduction.

"Whether you are interested in the role of government and markets, or the role of technology in society, or in specific policy areas, "Half-Life" makes for stimulating reading. Foldvary and Klein should be commended for bringing together many disparate policy areas under one roof, and assessing the role of technology in promoting choice, freedom, and prosperity."--"Knowledge, Technology, & Policy"

""The Half-Life of Policy Rationales" is one clever book. Nothing in recent years on economics of new technology comes close."
--"The Independent Review"

"This makes for provocative and profitable reading."
-- "Markets & Morality"

"A useful volume for those interested in the rationales for regulations and other government policies."
--" Choice"

The Half-Life of Policy Rationales argues that the appropriateness of policy depends on the state of technology, and that the justifications for many public policies are dissolving as technology advances. As new detection and metering technologies are being developed for highways, parking, and auto emissions, and information becomes more accessible and user-friendly, this volume argues that quality and safety are better handled by the private sector. As for public utilities, new means of producing and delivering electricity, water, postal, and telephone services dissolve the old natural-monopolies rationales of the government.

This volume includes essays on marine resources, lighthouses, highways, parking, auto emissions, consumer product safety, money and banking, medical licensing, electricity, water delivery, postal service, community governance, and endangeredspecies. The editors have mobilized the hands-on knowledge of field experts to develop theories about technology and public policy. The Half-Life of Policy Rationales will be of interest to readers in public policy, technology, property rights, and economics.