F. Y. Edgeworth made major contributions in the early stages of the development of contract and game theory which have had a fundamental impact on economics. This volume brings together a number of his writings on political economy edited by Peter Newman, the leading authority on Edgeworth's life and works. In addition to journal and dictionary articles and book reviews, the volume notably includes his monograph contribution Mathematical Psychics.

The success of the European economy depends on successful city regions. However, finding the right mechanisms of governance and planning, for the successful and the less successful cities and regions, continues to be elusive. The effectiveness of the European Union, national governments and a variety of regional and local governments in mobilizing both electorates and local economies, varies from city to city and from region to region. No single model of effective city regional government in Europe can be formed.

The success of the European economy depends on successful city regions. However, finding the right mechanisms of governance and planning, for the successful and the less successful cities and regions, continues to be elusive. The effectiveness of the European Union, national governments and a variety of regional and local governments in mobilizing both electorates and local economies, varies from city to city and from region to region. No single model of effective city regional government in Europe can be formed.

A great deal of economics is about law - the functioning of markets, property rights and their enforcement, financial obligations, and so forth - yet these legal aspects are almost never addressed in the academic study of economics. Conversely, the study and practice of law entails a significant understanding of economics, yet the drafting and administration of laws often ignore economic principle. The New Palgrave Dictionary of Economics and the Law is uniquely placed by the quality, breadth and depth of its coverage to address this need for building bridges. Drawn from the ranks of...

This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on problems encountered in a planned economy.