Purpose – The purpose of this paper is twofold: first to add to the debate on good governance and ethics of enterprise risk management (ERM) and second to describe an ethical maturity scale based on duty and responsibility for practical implementation to ensure better governance....

This paper computes a measure of rent-seeking based on costs of tenure. Within a political tenure type model, a new incumbency variable is introduced and a variant to existing datasets is presented. Consistent ML rent-seeking estimates are computed for the author's sample of OECD democracies....

Purpose – The purpose of this paper is twofold: first to add to the debate on trust and opportunism within transaction cost economics (TCE) and second to describe a partial solution, a code of ethical practice (CoEP) originating in Kant's moral philosophy. Design/methodology/approach – The...

Purpose – The purpose of this paper is twofold: first, to add to the debate on governance and, second, to describe a value set theory of the firm. Design/methodology/approach – The methodology has centred on good governance amongst employees – management and workers alike. Findings – It...

Purpose – The purpose of this paper is to address the debate on an ethical foundation underpinning modern corporate governance and to argue that an ethical foundation is absent in the definition of corporate governance. The paper recommends an applied Kantian philosophy....

In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. The author evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour,...

In this insightful book, Patrick McNutt explores the meaning of law within a political environment, and advances many new ideas and concepts first addressed in his earlier book Law, Economics and Antitrust.

In The Economics of Public Choice, Patrick McNutt evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour, the growth of government and bureaucracy. This authoritative volume offers a refreshing insight into traditional public choice territory, using...