'This wise and lucid guide to pluralism in economics embodies the values of its cause. Generous, open-minded, fair, accurate and accessible: John Harvey's new book is a fine achievement that every economics major should read.' - James K. Galbraith, The University of Texas at Austin, USJohn Harvey's accessible book provides a non-technical yet rigorous introduction to various schools of thought in economics. Premised on the idea that economic thinking has been stunted by the almost complete rejection of anything outside the mainstream, the author hopes that this volume will open readers' minds and lead them in new and productive directions. In his exploration of Neoclassical, Marxist, Austrian, Post Keynesian, Institutionalist, New Institutionalist and Feminist schools of thought, unique features of each approach are highlighted, complemented by discussions of methodology, world views, popular themes, and current activities. Accurate and impartial, every chapter covering a heterodox school of thought has been vetted by an acknowledged expert in that field. Though written for use in undergraduate courses, this guide will no doubt offer a great deal to any scholar wishing to gain a fresh perspective and greater understanding of the variety and breadth of current economic thinking.

This unique troika of Handbooks provide indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, they gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought. Each Handbook can be read individually and acts as a self-contained volume in its own right. They can be purchased separately or as part of a three-volume set. Volume III contains entries on the development of major fields in economics from the inception of systematic analysis until modern times. The reader is provided with succinct summary accounts of the main problems, the methods used and the results obtained across time. The emphasis is on both the continuity and major changes that have occurred in the economic analysis of problematic issues such as economic growth, income distribution, employment, inflation, business cycles and financial instability. Contributors: M. Assous, A. Baccini, Jr., A. Baujard, E. Bertrand, M. Boumans, J.L. Cardoso, M. Dal Pont-Legrand, J. De Boyer Des Roches, M. De Vroey, S. Di Rizzello, S. Diatkine, K. Dopfer, A.K. Dutt, R. Ege, G. Erreygers, D. Foley, R. Gomez Betancourt, D. Haas, H. Hagemann, E. Hosoda, H. Igersheim, A. Kirman, J. Kleinert, H. Kliemt, H.D. Kurz, R. Leonard, P. Malgrange, A. Maneschi, P. Mehrling, S. Mohun, M. Mosca, S. Noto, A. Opocher, N. Palan, F. Petri, A. Rainer, S. Rizzello, J.B. Rosser, M. Salles, N. Salvadori, M. Schutz, R. Signorino, A. Spada, P. Steiner, A. Stirati, R. Strohmaier, R. Sturn, C. Sunna, J.-F. Thisse, P. Tubaro, K. Watarai

This book uses the experience of three generations of the Earle family to throw light on the social and economic history of Liverpool during its rise to prominence as a great port, from 1688 to 1840. The focus is on six members of this successful family, John who came to Liverpool as apprentice to a merchant in 1688, his three sons, Ralph, Thomas and William, who all became merchants specializing in different branches of the trade of the port, and William's two sons, another Thomas and another William, who consolidated the fortunes of the family and began the process of converting their wealth into gentility. The approach is descriptive rather than theoretical, and the aim throughout has been to make the book entertaining as well as informative. Where sources permit, the book describes the businesses run by these men, often in considerable detail. Trading in slaves was an important part of the business of three of them, but they and other members of the family also engaged in a variety of other trades, such as the import-export business with Leghorn (Livorno) in Italy, fishing in Newfoundland and the Shetland Islands, the wine and fruit trades of Spain, Portugal and the Azores, the import of raw cotton for the industries of the Industrial Revolution and the Russia trade. Other family interests included privateering, art collection and the trade in art, a sugar plantation in Guyana, and the emigrant trade. While the book is mainly a work of economic history, there is also much on the merchants' wives and families and on the social history of both Liverpool and Livorno.

The development of political economy as a philosophical preoccupation constitutes a defining feature of the Enlightenment, but no consensual agreement on this issue was formed in the period. In this book contributors reassess the conflicting views on money, trade, banking, and the role of the State in the work of leading figures such as Locke, Davenant, Toland, Berkeley and Smith, and Smith's critics in revolutionary France. Key events, from the Recoinage crisis in the 1690s to the South Sea Bubble in the 1720s and the consequences of the French Revolution, sharpened the need for a more dynamic conception of economic forces in the midst of the Financial Revolution. Political economy emerged as a disruptive force, challenging philosophers to debate and define unstable phenomena in a new climate of expanding credit, innovation in money form, political change and international competition. In Money and political economy in the Enlightenment contributors investigate received critical assumptions about what was progressive and what was backward-looking, and reconsider traditional attempts to periodise the Enlightenment. Major questions explored include: the impact of economic and political crises on philosophy; transitions from mercantilist to 'classical' analyses of the market; the challenge of reviving ancient republicanism on the foundations of a modern commercial system, with its inherent social inequalities.

In 1780 Richard Sheridan noted that merchants worked 'merely for money'. However, rather than being a criticism, this was recognition of the important commercial role that merchants played in the British empire at this time. Of course, merchants desired and often made profits, but they were strictly bound by commonly-understood socio-cultural norms which formed a private-order institution of a robust business culture. In order to elucidate this business culture, this book examines the themes of risk, trust, reputation, obligation, networks and crises to demonstrate how contemporary merchants perceived and dealt with one another and managed their businesses. Merchants were able to take risks and build trust, but concerns about reputation and fulfilling obligations constrained economic opportunism. By relating these themes to an array of primary sources from ports around the British-Atlantic world, this book provides a more nuanced understanding of business culture during this period. A theme which runs throughout the book is the mercantile community as a whole and its relationship with the state. This was an important element in the British business culture of this period, although this relationship came under stress towards the end of period, forming a crisis in itself. This book argues that the business culture of the British-Atlantic mercantile community not only facilitated the conduct of day-to-day business, but also helped it to cope with short-term crises and long-term changes. This facilitated the success of the British-Atlantic economy even within the context of changing geo-politics and an under-institutionalised environment. Not working 'merely for money' was a successful business model.

The Invisible Bicycle brings together different insights into the social, cultural and economic history of the bicycle and cycling in historical eras of ubiquitous bicycle use that have remained relatively invisible in bicycle history. It revisits the typical timeline of cycling's decline in the 1950s and 1960s and the renaissance beginning in the 1970s by bringing forth the large national and local variations, varying uses and images of the bicycle, and different bicycle cultures as well as their historical background and motivations. To understand the role, possibilities and challenges of the bicycle today, it is necessary to know the history that has formed them. Therefore The Invisible Bicycle is recommended also to present-day practitioners and planners of bicycle mobility. Contributors are: Peter Cox, Martin Emanuel, Tiina Mannistoe-Funk, Timo Myllyntaus, Nicholas Oddy, Harry Oosterhuis, William Steele, Manuel Stoffers, Sue-Yen Tjong Tjin Tai, Frank Veraart.

In western societies today, it goes almost without saying that sex and consumption are closely related. On the one hand, there is a plethora of commercial goods and services that shape sexual desires, and practices. On the other, there are scarcely any products or services that do not lend themselves to sexually charged advertising and mass media communication. This volume focuses on forms of hybridization of these equally suggestive notions.

The Post-Keynesian methodology emphasising uncertainty is indispensable to analysing and understanding the major challenges of the 21st Century. On that basis, this book focuses on the failures of the market economic system to secure stability and sustainability, and demonstrates why this is not recognised by conventional economic theory. The Post-Keynesian economics set out here aims for an understanding of the economy as a whole and as an integral part of society. Chapters analysing money, banks and finance as dynamic phenomena open the book. They are followed by chapters focusing on methodological issues such as uncertainty, longer-term aspects, sustainability and other non-monetary economic activities. This important book is a useful tool for students and researchers who wish to gain a better understanding of real world economics. In these areas where conventional macroeconomic theory may not be sufficient, this book offers viable post-Keynesian alternatives. Contributors include: A. Asensio, V. Chick, S. Dow, A. Freeman, J. Ghosh, C. Goodhart, P. Hawkins, J. Jespersen, M.O. Madsen, R. McMaster, C.J. Rodriguez-Fuentes, R. Rotheim, S. Sen, R. Studart, B. Tieben, G. Tily

This book addresses the divide that exists between the reality of finance and the image it projects. A functioning financial system is an essential feature of a modern economy, providing it with money, credit, capital, and investments. Conversely, those who provide this essential service are neither respected nor trusted. The causes and consequences of this divide is explored using the British experience from 1800 to the present, drawing upon a mixture of factual evidence and contemporary fiction. Nothing of this scale has been attempted before and this is the product of 50 years of research.

Based on consilia and decisiones, Wouter Druwe studies the multinormative framework on loans and credit in the Golden Ages of Antwerp and Amsterdam (c. 1500-1680). He analyzes the use of a wide variety of legal financial techniques in the Low Countries, such as money lending and the taking of interest, the constitution of annuities, cession and delegation, bearer bonds, bills of exchange, partnerships, and representation in financial affairs, as well as the consequences of monetary fluctuations. Special attention is paid to how the transregional European system of learned Roman and canon law (ius commune) was applied in daily 'learned legal practice'. The study also deals with the prohibition against usury and with the impact of moral theology on legal debates.

In Education in China, ca. 1840-present Meimei Wang, Bas van Leeuwen and Jieli Li offer a description of the transformation of the Chinese education system from the traditional Confucian teaching system to a modern mode. In doing so, they touch on various debates about education such as the speed of the educational modernization around 1900, the role of female education, and the economic efficiency of education. This description is combined with relevant data stretching from the second half of 19th century to present collected mainly from statistical archives and contemporary investigations.

Eastern Wines on Western Tables: Consumption, Trade and Economy in Ancient Italy is an interdisciplinary and multifaceted study concerning wine commerce and the Roman economy during Classical antiquity. Wine was one of the main consumption goods in the Mediterranean during antiquity, and the average Roman adult male probably consumed between 0,5 - 1 litre of it per day. It is therefore clear that the production and trading of wine was essential for the Roman economy. This book demonstrates that wines from the Eastern Mediterranean and the Aegean region in particular, played a crucial part in wine commerce. Moreover, it sheds new light on economic dilemmas that have long puzzled scholars, such as growth and market integration during antiquity.

The ever tighter linking of our food, water, and energy systems in the context of a changing climate is leading to increasing turbulence in the world. As a consequence, it becomes ever more crucial to develop cities, regions, and economies with resilience in mind. Because of multinational corporations' global reach, substantial resources, and information-driven leadership structures, these entities can play a major, constructive role in improving our understanding and design of resilient systems.
This volume is the product of the Resilience Action Initiative, a collaboration among Dow, DuPont, IBM, McKinsey, Shell, Siemens, Swiss Re, Unilever, and Yara designed to explore possible corporate contributions to global resilience, especially at the nexus of water, food, and energy. Aggressively forward-thinking and consistent with an enlightened self-interest, the ideas considered here represent a corporate perspective on the broad collaborations required for a more resilient world.

'A fascinating analysis of the proposition that the start of the 21st century is witnessing the rapid rise in South East Asia of a new and powerful transnational economic zone, the Asian Mediterranean. It uses a wide range of historical and contemporary multidisciplinary sources to systematically explore how, why, and in what ways we can better interpret and understand this contemporary version of economic globalisation by looking back to the equivalent processes centred on the ports around the Mediterranean and the Baltic seas during late 16th century.' - Peter Daniels, University of Birmingham, UK 'Francois Gipouloux has written a vast and comprehensive history of the Asian economic system. In the tradition of Braudel, he paints a picture that is detailed, full of insight, and essentially very long term. On the basis of an analysis of the old Mediterranean and Hanseatic economic networks, he surveys the pre-modern Asian system, bringing it up to date with studies of Yokohama, Hong Kong, Singapore and other Asian hubs. The culmination of many years work, Gipouloux throws light on a new China -- a China no longer land based and inward looking but dependent on, and a power in, a maritime world.' - Christopher Howe, University of London, UK 'Gipouloux's ground breaking study based on a long career as a scholar of Asia's past is a most original contribution to the study of globalization. Connecting past and present, the author has further developed the somewhat vague metaphor of an Asian Mediterranean into a well defined concept that can also be applied for analyzing contemporary affairs. While in the past the traditional Chinese and Japanese state systems were failing to formulate adequate answers, on a more informal level, the port cities were able to meet with the maritime challenges of the emerging modern world system. The author convincingly shows how also in the age of globalization, a string of coastal metropolises continues to be instrumental in opening up the Far Eastern economy to the global economy.' - Leonard Blusse, Leiden University, The Netherlands This insightful book draws upon a wide range of disciplines - political economy, geography and international relations - to examine how Asia has returned to its central position in the world economy. As in the case of the hosting of the Olympic games, it is cities rather than states which compete, whether as financial centers, logistical hubs or platforms for coordinating international subcontracting. Analyzing the historical precedents of the Mediterranean maritime republics, the Baltic Sea Hanseatic League and the South China Sea mercantile kingdoms, the book delineates the way stable economic and legal institutions were developed largely beyond the purview of, and at times in conflict with, the State. Discussing the strong link between history and contemporary economic situation, The Asian Mediterranean will appeal to academics, including post-graduates students, of economics, geography, history, regional studies and Asian studies.

This book is part of a new generation of work on the events of the 1920s and 1930s, one that provides a gestalt view of this period. As such, the many events that have until now been viewed as unrelated, are viewed as parts of a greater whole, namely the introduction of a new power drive technology in the form of electric unit drive and its effects. The Roaring Twenties, the spectacular growth of the 1920s, the Smoot-Hawley Tariff Act, the Stock Market Boom and Crash, the decline in investment expenditure, the ensuing depression and the National Industrial Recovery Act are all shown to be related.

Peasants, Lords and State: Comparing Peasant Conditions in Scandinavia and the Eastern Alpine Region, 1000-1750 challenges the once widespread view, rooted in the historical thinking of the nineteenth century, that Scandinavian and especially Norwegian peasants enjoyed a particular "peasant freedom" compared to their Continental counterparts. Markers of this supposed freedom were believed to be peasants' widespread ownership of land, extensive control over land and resources, and comprehensive judicial influence through the institution of the thing. The existence of slaves and unfree people was furthermore considered a marginal phenomenon. The contributors compare Scandinavia with the eastern Alpine region, two regions comprising fertile plains as well as rugged mountainous areas. This offers an opportunity to analyse the effect of topographical factors without neglecting the influence of manorial and territorial power structures over the long time-span of c.1000 to 1750. With contributions by Markus Cerman, Tore Iversen, Michael Mitterauer, John Ragnar Myking, Josef Riedmann, Werner Roesener, Helge Salvesen, and Stefan Sonderegger.

The endogenous nature of money is a fact that has been recognized rather late in monetary economics. Today, it is explained most comprehensively by post-Keynesian economic analysis. This book revisits the nature of money and its endogeneity, featuring a number of the protagonists who took part in the original debates in the 1980s and 1990s, as well as new voices and analyses. Expert contributors revisit long-standing discussions from the position of both horizontalism and structuralism, and prescribe new areas of research and debate for post-Keynesian scholars to explore. Louis-Philippe Rochon and Sergio Rossi eloquently situate the nature of money and its endogeneity in an historical context, before bringing together an engaging array of chapters written by contemporary leading scholars. These chapters put forth detailed analyses of money creation; central bank operations and the role of monetary authorities; a link between interest rates and income distribution; a stock-flow analysis of monetary economies of production; and finally, a reinterpretation of horizontalism and structuralism. Post-Keynesian and heterodox economists, institutionalist economists, scholars of money and finance, and graduate students studying economics will all find this an enlightening read. Contributors include: A. Cottrell, P. Dalziel, P. Docherty, G. Fontana, S.T. Fullwiler, E. Hein, J.E. King, J. Knodell, M. Lavoie, N. Levy-Orlik, C.J. Niggle, T.I. Palley, Y. Panagopoulos, L.-P. Rochon, C. Rogers, S. Rossi, M. Sawyer, M. Setterfield, J. Smithin, A. Spiliotis