Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be associated with the study of civil society, or with the broad framework of communication and coordination behind the interaction of individuals in economic and non-economic spheres. This fascinating book is divided into three parts beginning with the issue of the development of science as an aspect of the division of labour, starting from methodological problems on the communication of scientific knowledge. The volume goes on to explore issues on the moral bases of social interaction and, more particularly, of commercial society before ending with in depth analyses of questions on the division of labour, social institutions and the diffusion of knowledge in society.

This research review includes classic works on the theoretical foundations of entrepreneurship research and provides important groundwork for future investigations. Professor Landstrom and Professor Lohrke have carefully selected the seminal, currently relevant and, in many cases, difficult-to-access studies within the field, covering the entrepreneurial processes of opportunity recognition, evaluation and exploitation. Reflecting the heavily interdisciplinary nature of the research, many of the papers have a basis in the spheres of economics, social sciences and strategic management.

Adam Smith's contribution to economics is well recognised, yet scholars have recently been exploring anew the multidisciplinary nature of his works. The Adam Smith Review is a rigorously refereed annual review that provides a unique forum for interdisciplinary debate on all aspects of Adam Smith's works, his place in history, and the significance of his writings to the modern world. It is aimed at facilitating debate among scholars working across the humanities and social sciences, thus emulating the reach of the Enlightenment world which Smith helped to shape. This twelfth volume brings together leading scholars from across several disciplines and contributes to two particular themes. First, there is a focus on Adam Smith's moral and political philosophy, exploring how Smith's approach finds expression in both abstract philosophy and practical judgment. Second, there is a focus on epistemology, economics, and law, with innovative interpretations of Smithian theories.

Throughout history rivers have always been a source of life and of conflict. This book investigates the Central Commission for the Navigation of the Rhine's (CCNR) efforts to secure the principle of freedom of navigation on Europe's prime river. The book explores how the most fundamental change in the history of international river governance arose from European security concerns. It examines how the CCNR functioned as an ongoing experiment in reconciling national and common interests that contributed to the emergence of European prosperity in the course of the long nineteenth century. In so doing, it shows that modern conceptions and practices of security cannot be understood without accounting for prosperity considerations and prosperity policies. Incorporating research from archives in Great Britain, Germany, and the Netherlands, as well as the recently opened CCNR archives in France, this study operationalises a truly transnational perspective that effectively opens the black box of the oldest and still existing international organisation in the world in its first centenary. In showing how security-prosperity considerations were a driving force in the unfolding of Europe's prime river in the nineteenth century, it is of interest to scholars of politics and history, including the history of international relations, European history, transnational history and the history of security, as well as those with an interest in current themes and debates about transboundary water governance. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

The figure of the entrepreneur has become a relevant factor that explains the process of growth and economic development. Rising unemployment rates have generated among institutional and private agents, a significant interest in promoting entrepreneurship as a formula to eradicate this social scourge of unemployment. Active policies that favor business culture and initiative are being promoted in all areas. In the university world, academic research has multiplied the work on entrepreneurship, a term that includes a triple meaning: the figure of the entrepreneur, the business function and the creation of companies. This versatile meaning must be based on a consistent theory about the company and the entrepreneur. This book presents specific cases of companies and entrepreneurs that have had their role throughout the history of Spain. The intention is to show the techniques and learning acquired by those agents, which have allowed a considerable advance in the knowledge of the structure and business development. This book brings together the research carried out by its authors with primary sources and makes it accessible to a wide audience-Spanish and Latin American-and will be of value to researchers, academics, and students with an interest in Spanish entrepreneurship, business, and management history.

In Debt, Innovations, and Deflation, the authors analyze the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A. Schumpeter, and Hyman Minsky. In so doing, they develop a paradigm for understanding the phenomenon of deflation. They explain how technological, organizational, and financial innovations, combined with developments related to the creation and use of debt, give rise to conditions in which both deflation and inflation can be present in the modern economy. The past several years have ushered in a new era in economic policy issues. After decades of concern over inflation, a series of studies brought to light the potentially greater danger of deflation. In response, the authors provide a critical re-examination of the literature and theories of deflation. A driving question behind the research is whether post-World War II capitalist economies rely on economic policies and institutional reforms to keep an inherent tendency toward deflation in check? And can the theories of Veblen, Fisher, Schumpeter and Minsky shed light on how the creation and use of debt can create a modern economy affected simultaneously by deflation and inflation? Scholars and students of economic history and finance will enjoy this insightful examination of the subject.

Change manifests itself in all facets of the economy. This important collection of previously published essays illustrates how the evolutionary approach can reveal not only where change comes from, and how it happens, but also where it will lead. The Evolving Economy covers a broad spectrum of issues ranging from the biological foundations of economic behavior to the co-evolution of firms, markets, and institutions. Ulrich Witt's individualistic approach synthesizes elements familiar from the writings of Veblen and Schumpeter on economic evolution. A conceptual debate on what the notion of evolution means in the economic context is as much emphasized as is the discussion of concrete hypotheses explaining why and how evolutionary economic change comes about. Offering an outline of a paradigm focusing on endogenous economic change, this book will be of great interest to economists and economic historians. Sociologists, philosophers and anthropologists will also find this work invaluable as it presents an encompassing assessment of the role of Darwinian thought for understanding human behavior and societal evolutio

Written during the early 1920s, at a time when Europe was still recovering from the catastrophe of the First World War, L.V. Birck's The Scourge of Europe examines the economic issues surrounding the existence of public debt, its history, and possible approaches to problems associated with public debt as they were being pursued by the great powers of the time. Birck's analysis contains a rigorous theoretical exposition and explanation of public debt as it was understood in the crucial period leading up to the Great Depression. This is then followed by an insightful exploration of the role of public debt in European financial and economic history. Finally, some reflections on the policies of England, the United States, France and Germany in the latter part of the nineteenth and early-twentieth centuries are included. This book will appeal to economic and financial historians, as well as to those generally interested in European policies towards debt from the Middle Ages to modern times.

First published in 1975, this book traces the origins of our modern economy, showing the routes by which nations have either achieved wealth or have been impoverished. W. W. Rostow brings together issues of public policy, international trade and the world of science and technology, arguing that conventional economic thought has failed to relate scientific innovation to the economic process. Chapters consider the politics of modernization, the Commercial Revolution and the development of the world economy between 1783 and 1820.

Bolshevism at a Deadlock was written Karl Kautsky, one of the leading Marxist intellectuals of the late-nineteenth and early-twentieth centuries, in response to the catastrophic failures of Stalin's first Five Year Plan, which was intended to raise Russian industry and productivity to equal that of Western Europe. Kautsky sets out to demonstrate how the repressive autocracy of the Bolsheviks and the disregard for economic exigencies achieved nothing more than "the wholesale pauperisation and degradation of the Russian people", and prophesies the imminent collapse of Soviet Russia in the face of mass famine, ideological dogmatism and, ultimately, the failures inherent in the 1917 Revolution itself. Kautsky's analysis of the situation of Socialist Russia at the beginning of the troubled 1930s will be of interest to students of pre-war Soviet political practice, economic history and domestic policy.

Ernest Aves (1857-1917) was an influential social analyst and civil servant. This title, first published in 1907, during Aves' work for the Board of Trade, investigates the different forms of industrial co-operation within Britain; the fundamental principle of this is stated as "equitable association", leading to increased profitability and the strengthening of industry. Chapters discuss such areas as centralisation, co-operative production and co-operative agriculture. This interesting reissue will be of particular value to students of economics with an interest in co-operative industry and the history of economic thought.

Most macroeconomists agree that we live in the age of microfoundations. The recent worldwide financial crisis may have emboldened critics of this microfoundational orthodoxy, but it remains the dominant view that macroeconomic models must go beyond supply and demand functions to the level of individual decision-making, taking into account the general dynamic environment where agents live. Microfoundations Reconsidered seeks to reassess how the relationship of micro and macroeconomics evolved over time. The highly regarded contributors to the book argue that the standard narrative of microfoundations is likely to be unreliable. They therefore re-examine the history of the relationship of microeconomics and macroeconomics, starting from their emergence as self-consciously distinct fields within economics in the early 1930s. They seek to go beyond the conventional history that is often told and written by practicing economists. From different perspectives they challenge the association of microfoundations with Robert Lucas and rational expectations and offer both a more complete and a deeper reading of the relationship between micro and macroeconomics. Microfoundations Reconsidered is a valuable addition to the macroeconomic research literature. It is ideally suited to students, scholars, researchers, and practitioners with an interest in macro and microeconomics and the history of economics. Contributors: M. De Vroey, P. Garcia Duarte, D.W. Hands, K.D. Hoover, R. Leonard, G.T. Lima, P.E. Mirowski

Annie Abram was born in London in 1869 and died in Sussex in 1930. She contributed significantly to the twentieth-century historiography of late medieval England, researching the social, cultural and religious mores of the English laity and clergy. First published in 1909, this title explores the impact of economic changes on society during the fifteenth century. This is a period of important developments both socially and economically, which witnessed the rise of the middle class through industrialisation, agrarian change, and the growing economic and commercial character of towns. The chapters discuss these areas, as well as the industrial position of women and children, the economic position of the Church and the development of a national character. This is a fascinating classic work, which will be of great value to students researching the socio-economic history of late medieval England.

This edited collection, first published in 1991, focuses on the commercial relations, marketing structures and development of consumption that accompanied early industrial expansion. The papers examine aspects of industrial structure and work organisation, including women's work, and highlight the conflict and compromise between work traditions and the emergence of a market culture. With an overarching introduction providing a background to European manufacturing, this title will be of particular interest to students of social and economic history researching early industrial Europe and the concurrent emergence of a material, consumer culture.

Building on the pioneering work by the Nobel Memorial Laureate, John Nash, Professor Thomson has brought together a broad selection of seminal articles which analyse and discuss bargaining and the theory of cooperative games. Beginning with a distinguished collection of papers discussing the origins of game theory, this volume systematically explores its development as a tool to illuminate economic behaviour. It includes the work of highly accomplished academics whose discoveries over the years have shaped the direction of this subject. With his insightful introduction, the editor has ensured that this indispensable book is suitable for anyone with an interest in cooperative gaming.

The course of economic events from the start of the Second World War satisfied no-one. The housewife was exasperated by the rise in food prices, thousands of workers faced unemployment, and businessmen were bewildered by the flood of regulations and decrees. In this book, first published in 1940, R. W. B. Clarke explores the economic challenges that the UK faced in coping with the war, and possible ways in which these challenges could be resolved or improved. The book is vital reading for students of modern history and economics.

Poverty in the History of Economic Thought: From Mercantilism to Neoclassical Economics aims to describe and critically examine how economic thought deals with poverty and the poor, including its causes, consequences, reduction, and abolition. This edited volume traces the economic ideas of key writers and schools of thought across a significant period, ranging from Adam Smith and Malthus through to Wicksell, Cassel, and Heckscher. The chapters relate poverty to income distribution, asserting that poverty is not always conceived of in absolute terms, and that relative and social deprivation matter also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of international economy. By providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist, depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made. This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development, and the economics of poverty.

Providing a thorough examination of distributive justice, Distributive Justice and Taxation presents and discusses different theories of what constitutes a just society, and how goods should be distributed in such a society. The distribution of goods in society has direct and serious consequences on the lives of the people. There are therefore important questions to be asked regarding the justice of that distribution: Is it just that some people inherit large fortunes while others inherit nothing? Do rich people have additional access to political power because of their wealth? If so, is that just? And should the ambition for economic policies be to combat poverty, or to reduce inequality? This book explores these questions and a number of others through the analysis of related theories, spanning from strong egalitarian theories on the left to right-wing libertarianism. The chapters also explicitly examine the case of taxation - one of the most important and controversial measures of distribution of goods in society. Placing emphasis on the case of Norway and using data from both the UK and USA as a point of comparison, the work details and explores the key features of the tax system. It concludes by presenting and evaluating arguments for and against taxes such as income tax, wealth tax, and inheritance tax. This book is essential reading for those interested in distributive justice, as well as students and scholars of philosophy, law, political science, and economics.

From one of the world's leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied. Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward, doubling our technological capabilities each generation and utterly transforming the economy again and again. Our ancestors would have presumed we would use such powers to build utopia, but it was not so. When 1870-2010 ended, the world instead saw global warming, economic depression, uncertainty, inequality, and broad rejection of the status quo. Slouching Towards Utopia tells the sweeping story of how this unprecedented explosion?of material wealth?occurred,?how it transformed the globe, and?why?it?failed to deliver us to utopia.?Of remarkable breadth and ambition,?it?reveals how the last century was much less?a march of progress?than?a slouch?in the right direction.

* Presents many of the microeconomic and macroeconomic theories and schools of thought not generally covered in mainstream principles of economics textbooks * Each chapter starts with a short "refresher" of standard neoclassical economic modelling before demonstrating how that model is distorted by people, problems and events in the real world to provide students with a more realistic picture of how the economy works * Updates throughout and new material on populism, racism, inequality, climate change and the covid-19 pandemic * Now has online supplements: quiz questions for students and PowerPoint slides for instructors

Good Capitalism, Bad Capitalism? The role of business in South Africa offers an insightful and balanced account of how the business sector - and particularly organised business - has influenced South Africa's political and socio-economic trajectory over the years, and what it will take for the key actors - politicians and business and labour leaders - to find a new sense of (common) purpose in the post-Zuma era. Recent years have seen organised business in South Africa (represented by organisations such as Business Unity South Africa (BUSA), Business Leadership South Africa (BLSA) and the Black Business Council (BBC)) become fragmented and unnecessarily competitive, with national, provincial and/or local multi-sectoral bodies often having overlapping or conflicting interests and mandates. In the process, the once powerful 'voice of business' has become considerably weaker. What has gone wrong, and can order be re-established?

This book, first published in 1990, examines Italy's economic history from its Unification in 1850 to the end of the First World War. Particular attention is paid to the extent to which Italy exhibits the features of Kaznets's model of 'modern economic growth'. An Economic History of Liberal Italy begins with a quantitative assessment of Italy's long-term growth in this period. All of the main relevant variables - including production, consumption, investment, foreign trade, government spending, and welfare - are discussed. The book proceeds through a chronological account of the developments of the economy during this period, and concludes with a critical survey of the relevant historiography. Throughout the book emphasis is given to structural changes, to developments in the main industries, to the relations between different sectors of the economy, and to economic policies. This book is ideal for those studying economics of Italian history.

This volume features 19 original essays on Adam Smith's conception of modernity. The contributions demonstrate the relevance of Smith as the great interpreter of modernity 250 years after the publication of The Wealth of Nations.

Traditionally economic anthropology has been studied by sociologists, anthropologists and philosophers seeking to highlight the social foundations of economic action. Meanwhile, anthropological questions have remained largely untreated in economics, despite the prominence given to the individual in microeconomics. And there is very little in the way of dialogue between the two sides. This book argues for a new economic anthropology which goes beyond the conflict of economics and anthropology to show the complementarity of the two approaches. Economics needs to go beyond the stage of homo oeconomicus and be open to broader ideas about the person. Equally, anthropology can be enriched through the methods and models of economic theory. This new economic anthropology goes beyond a simple observation of societies. It is new because it introduces the responsible person with a wider range of characteristics, in particular vulnerability and suffering, as a subject of economics. It is a particular interpretation of economic anthropology calling for a broadening of the subject (moving from the individual to the person), range of values (admission of negative values for altruism, social capital, responsibility), and disciplinary references. Through this approach, both economics and anthropology can be enriched. This book will be of great interest to those working in the fields of economics, anthropology, philosophy and development studies.

First published in 1955 to wide acclaim, James Joll's introduction to the history and development of International Socialism before the First World War is of crucial importance for understanding the development of Left-wing movements in the 20th century: the difficulties posed by prominent anarchist groups, the ambiguities of the scope of revolutionary activity, and the challenges posed by the rise of nationalism. Incorporating insightful research into the international links and the ideological structure of socialism, as well as on the structure of individual parties and the actual nature of their working-class support, The Second International 1889-1914 is a valuable resource for political historians and students of socialist thought alike.