The book explores the impact of recent economic crises in the US and EU, highlighting the emergence of BRIC countries and their influence on global economics. It raises critical questions about the evolving nature of the global economy and the challenges faced by current economic governance systems. Through this analysis, it seeks to understand the implications of these changes for the future of international economic relations.
Presents a fresh conceptualization of self-governance as a response to the cutting-edge challenges of populism, paternalism and authoritarianism.
James M. Buchanan won the Nobel Prize in Economics in 1986 and was a pioneer of public choice and constitutional political economy and contributed to many fields of study, including philosophy, political science, and public finance. Each chapter in this volume seeks to explore, critique, and emphasize the continuing relevance of the vast contributions of Buchanan to our understanding of political economy and social philosophy. The diversity in topics and approaches will make the volume of interest to readers in a variety of fields, and accessible to scholars from a variety of backgrounds providing the opportunity to further a cross-disciplinary exploration and discussion on market process theory.