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The Political Economy of NonTerritorial Exit: Cryptosecession (New Thinking in Political Economy series),Used
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Territorial political organisation forms the backbone of western liberal democracies. However, political economists are increasingly aware of how this form of government neglects the preferences of citizens, resulting in dramatic conflicts. The Political Economy of NonTerritorial Exit explores the theoretical possibility of 'unbundling' government functions and decentralising territorial governance.Employing a variety of theoretical approaches, including new institutional economics, comparative analysis, public choice and Hayekian political economy, Trent J. MacDonald investigates the prospects of a government that separates its traditional functions and decentralises control to nonterritorial jurisdictions. Following the history of politicaleconomic thought, the author uncovers an extensive history of nonterritorial governance, and provides insight into presentday examples. He emphasises the political mechanism of 'nonterritorial secession' and the emerging phenomenon of 'cryptosecession' as the theoretical future of governance. Through an extension of the Coase theorem, this intricate book examines how political systems and jurisdictions change, developing a new theory of spontaneous order.A provocative and enlightening investigation of modern political organisation, MacDonald's vast study is an ideal theoretical guide for scholars and students of political economy. This book also contains critical ideas for policymakers seeking guidance for the future of political organisation in an increasingly nonterritorial world.'Nonterritorial exit (by cryptosecession) may well be the predominant means of political reorganisation in the world of tomorrow. Trent MacDonald has written a highly original, engaging and deeply profound book analysing how this might work and what it implies for economics, society and politics. A hugely important new idea.' Jason Potts, RMIT University, Australia
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