Applied Mainline Economics · Bridging the Gap Between Theory and Public Policy by Boettke, Peter J. -- Read -- Imperial Library of Trantor

Index

Series Page Title Page Copyright Dedication Epigraph 1. An Enduring Puzzle

Why are some rich and others poor? Economists have offered many possible explanations How do we test these explanations? But measurement without theory is impossible So economists must theorize Application 1: The Hidden Wealth of Nations

2. The Core Themes of Mainline Economics

Exchange is mediated by human institutions Individuals—not organizations—act Incentives matter Given the right institutions, individual actions will serve the common good Property rights help us act better Both policymakers and researchers should exercise humility

3. Market Process Economics

4. Institutions and Culture

Transaction costs are real Institutions rule Culture rules, too Let freedom ring The right rules improve the way the game is played A polycentric order is usually a good order In its right form, federalism can preserve markets Application 4: Institutions, Not Personalities

5. The Political Process

6. A Liberal Program That Appeals to the Imagination Further Reading Notes Bibliography About the Authors Acknowledgments About the Mercatus Center