Capitalism and Democracy: Challenges and Responses in an Increasingly Interdependent World (Economists of the Twentieth Century series)

This distinguished collection of Dennis Mueller's papers discusses the economic challenges faced as a result of events in the latter third of the twentieth century; the formation of the European Union, the collapse of Communism in East Europe, and the deregulation and privatization movement that spread from North America to Europe and then across the rest of the world.

The book explores the design of political institutions and the functioning of economies, and goes on to prescribe the types of fiscal and competition policies that are required as we enter the twenty-first century, posing questions such as:

• What should a new democracy's constitution comprise?
• Should the European Union be organized as a federal system?
• What should a global competition policy consist of?

Academics specializing in public choice theory, political economy, and industrial organization will warmly welcome this outstanding volume, as will those with an interest in globalization and the European Union.

Dennis C. Mueller, Professor of Economics, University of Vienna, Austria