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Robust Political Economy: Classical Liberalism and the Future of Public Policy (New Thinking in Political Economy Series) Paperback – 28 Dec 2010


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Product details

  • Paperback: 320 pages
  • Publisher: Edward Elgar Publishing Ltd; First Edition edition (28 Dec. 2010)
  • Language: English
  • ISBN-10: 1849807655
  • ISBN-13: 978-1849807654
  • Product Dimensions: 15.2 x 1.9 x 22.9 cm
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: 769,368 in Books (See Top 100 in Books)
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Review

'Mark Pennington presents a wide ranging and imaginative treatment of the superiority of classical liberalism over the various state-centered ideologies that presently enjoy wide currency. Among other things, we learn why people who are concerned with inequality and social solidarity should embrace the minimal state of classical liberalism and reject today's total states with their unlimited domains. I was delighted to have been able to read this book as I learned much from it, and I am confident other readers will have the same experience.' - Richard E. Wagner, George Mason University, US 'I really enjoyed reading Mark Pennington's book. Really, really enjoyed it. He nicely blends public choice and Austrian insights, the notion of robust political economy as something that takes into account self-interest, knowledge, and incentives. Pennington expertly highlights the comparative institutional arrangements and the plurality of choices that a system with several property and exit possibilities provides. Uniquely, he discusses how neither straight neoclassical economics nor the Stiglitz variety gets it. This is an important book because it attempts to address the critics directly. It is a book almost custom-made for those who want to defend classical liberalism against the common arguments.' - --Bruce J. Caldwell, Duke University, US

About the Author

Mark Pennington, Kings College, London, UK


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