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With the growing popularity of apps such as Uber and Airbnb, there has been a keen interest in the rise of the sharing economy. Michael C. Munger brings these new trends in the economy down to earth by focusing on their relation to the fundamental economic concept of transaction costs. In doing so Munger brings a fresh perspective on the 'sharing economy' in clear and engaging writing that is accessible to both general and specialist readers. He shows how, for the first time, entrepreneurs can sell reductions in transaction costs, rather than reductions in the costs of the products themselves. He predicts that smartphones will be used to commodify excess capacity, and reaches the controversial conclusion that a basic income will be required as a consequence of this new 'transaction costs revolution'.

Transaction costs. --- Cooperation. --- Collaborative economy --- Cooperative distribution --- Cooperative movement --- Distribution, Cooperative --- Peer-to-peer economy --- Sharing economy --- Economics --- Profit-sharing --- Cost --- Externalities (Economics) --- Right of property

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To 'analyse' means to break into components and understand. But new readers find modern mathematical theories of politics so inaccessible that analysis is difficult. Where does one start? Analytical Politics is an introduction to analytical theories of politics, explicitly designed both for the interested professional and students in political science. We cannot evaluate how well governments perform without some baseline for comparison: what should governments be doing? This book focuses on the role of the 'center' in politics, drawing from the classical political theories of Aristotle, Hobbes, Rousseau, and others. The main questions in Analytical Politics involve the existence and stability of the center; when does it exist? When should the center guide policy? How do alternative voting rules help in discovering the center? An understanding of the work reviewed here is essential for anyone who hopes to evaluate the performance or predict the actions of democratic governments.

Politics --- Political science --- Social choice --- Voting --- Polls --- Elections --- Politics, Practical --- Suffrage --- Choice, Social --- Collective choice --- Public choice --- Choice (Psychology) --- Social psychology --- Welfare economics --- Administration --- Civil government --- Commonwealth, The --- Government --- Political theory --- Political thought --- Science, Political --- Social sciences --- State, The --- Political science. --- Social choice. --- Voting. --- Social Sciences --- Political Science --- Balloting

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A pioneering effort to integrate ideology with formal political theory

Elections. --- Voting. --- Social choice. --- Ideology. --- Knowledge, Theory of --- Philosophy --- Political science --- Psychology --- Thought and thinking --- Choice, Social --- Collective choice --- Public choice --- Choice (Psychology) --- Social psychology --- Welfare economics --- Polls --- Elections --- Politics, Practical --- Social choice --- Suffrage --- Electoral politics --- Franchise --- Plebiscite --- Political campaigns --- Representative government and representation --- Balloting --- Ideology --- Vote --- Choix collectif --- Idéologie

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Political philosophy. Social philosophy --- Social stratification