The Market Selection Hypothesis is a principle which (informally) proposes that ‘less knowledgeable' agents are eventually eliminated from the market. This elimination may take the form of starvation (the proportion of output consumed drops to zero), or may take the form of going broke (the...

This book examines the role that the IMF has played in the management of financial crises in developed nations. The topic is of particular significance in light of the global financial crisis that emerged following the collapse of American sub-prime mortgage markets in 2007, and the subsequent...

"This book provides a post-Covid recovery strategy that is based on all aspects of health, but also addresses the ever-greater threat from global warming. Health and sustainability are interlocked. More than other European nations, we favour libertarian values over social equity, privatized...

In recent years western aid agencies have come to embrace the language and practices of "ownership". This signals a shift away from conditionality as the dominant mode of relationship between these agencies and recipient states. The principle concern of this paper is to locate this shift in the...

1. The sovereign order -- 2. Development theory in the sovereign order -- 3. Development institutions in the sovereign order -- 4. Development practice in the sovereign order -- 5. The liberal order -- 6. Development theory in the liberal order -- 7. Development institutions in the liberal order...

1. Liberalism and social transformation -- 2. The World Bank, sovereignty and development -- 3. From structural adjustment to good governance -- 4. Governance, liberalism and social transformation -- 5. Transformation in practice -- 6. Sovereignty, development and the liberal project.