Mark Pennington, Kings College, London, UK

• Contents: 1. Introduction: Classical Liberalism and Robust Political Economy Part I: Challenges to Classical Liberalism 2. Market Failures ‘Old’ and ‘New’:The Challenge of Neo-Classical Economics 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II 5. Equality and Social Justice: The Challenge of Egalitarianism Part II: Classical Liberalism and the Future of Public Policy 6. Poverty Relief and Public Services: Welfare State or Minimal State? 7. Institutions and International Development: Global Governance or the Minimal State? 8. Environmental Protection: Green Leviathan or the Minimal State? 9. Conclusion References Index

’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.'

Mark Pennington, Kings College, London, UK

• Contents: 1. Introduction: Classical Liberalism and Robust Political Economy Part I: Challenges to Classical Liberalism 2. Market Failures ‘Old’ and ‘New’:The Challenge of Neo-Classical Economics 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II 5. Equality and Social Justice: The Challenge of Egalitarianism Part II: Classical Liberalism and the Future of Public Policy 6. Poverty Relief and Public Services: Welfare State or Minimal State? 7. Institutions and International Development: Global Governance or the Minimal State? 8. Environmental Protection: Green Leviathan or the Minimal State? 9. Conclusion References Index

’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.'

Mark Pennington, Kings College, London, UK

• Contents: 1. Introduction: Classical Liberalism and Robust Political Economy Part I: Challenges to Classical Liberalism 2. Market Failures ‘Old’ and ‘New’:The Challenge of Neo-Classical Economics 3. Exit, Voice and Communicative Rationality: The Challenge of Communitarianism I 4. Exit, Trust and Social Capital: The Challenge of Communitarianism II 5. Equality and Social Justice: The Challenge of Egalitarianism Part II: Classical Liberalism and the Future of Public Policy 6. Poverty Relief and Public Services: Welfare State or Minimal State? 7. Institutions and International Development: Global Governance or the Minimal State? 8. Environmental Protection: Green Leviathan or the Minimal State? 9. Conclusion References Index

’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.'