In this book, internationally renowned scholars, including two Nobel Laureates, have been drawn together to celebrate Arnold Heertje's rich contribution to the field of economics. Their essays reflect his influence in the areas of economic theory and policy. In particular, they follow in the tradition of his work on oligopoly and price theory, welfare theory and policy, growth theory, environmental economics, technical change and the history of economic thought and methodology.The contributors offer penetrating insights into the structure and functioning of different types of market structures and the character of technical change. In addition, they address current topics such as the recent problems in East Asian economies, the money supply in the European Monetary Union and economic development. Finally, they pay tribute to Arnold Heertje's work on the history of economic thought, discussing the writings of David Ricardo, the German historical school, Herbert Robinson, Alfred Marshall and Herbert Foxwell. This book will attract economic theorists, and scholars and students who are interested in the history of economic thought or in empirical subjects such as the policy implications of studies of labour markets, property rights and European Monetary Union.

First published in 1986, The Economics of Alfred Marshall is concerned with the theories of demand, supply, market structure and income distribution which the celebrated author of the Principles of Economics developed while standing on the shoulders of giants. It is thus concerned with hidden assumptions, institutional constraints, tentative conclusions and blurred distinctions; for these are an integral part of the contribution of an economist who warned against spurious over-simplification of that which is inherently complex.

The economics of Alfred Marshall appears easy when in fact it is fraught with difficulties. The Economics of Alfred Marshall seeks to explain Marshalla (TM)s theories in detail and to evaluate them in depth. The book attempts in that way to help the reader to gain a deeper understanding of an influential thinker whose insights, however difficult, continue to shed a great deal of light on the nature and workings of the economic system.

First published in 1986, 1987 and 1990, this three volume reissue covers the life and times of leading economic theorist, Alfred Marshall - one of the founders of neoclassical economics. David Reisman's incisive and comprehensive study divides Marshall's work into three key areas: economics, progress and politics, and moral principles. The author deals with everything from Marshall's magnum opus Principles of Economics through to his contribution to the progressive evolution in Victorian politics; and finally the way in which his background and upbringing influenced his highly moral approach to economic theory.

This book provides a concise and accessible history of the relationship between the individual and capitalism in the United States. The text is devoted to tracking the historical development of important themes, whilst addressing key episodes in the progress of American capitalism within these, such as the Great Depression and New Deal. The book will introduce students to the key philosophical principles that have been the most influential in the history of free enterprise in the United States as well as exploring the ways in which these ideas have been popularly understood by Americans from the late eighteenth century to the present. Liberalism and Neoliberalism, entrepreneurialism, slavery and racial capitalism, and business and gender are all assessed. The material in this volume is complimented by a set of primary source documents that bring the subject to life. It will be of interest to students of American history, business and labor history.

Since the late-19th century, Japan has made remarkable strides in industrialization. Beginning with the economic vision of Miura Baien in the 18th century, and employing a detailed comparison with the West, this book delves into the economic thought of the scholars who played a pivotal role in Japan's modernization process. The author takes Fukuzawa Yukichi's theory of 'civilization' as the standard measure of Japan's modernization and compares it with differing visions from various critics whose research focused on rural poverty and social problems, such as Maeda Masana, early socialists, Yanagita Kunio and Kawakami Hajime. Further, the book explores new liberalism (Ishibashi Tanzan, Fukuda Tokuzo) and Marxism (Yamada Moritaro, Uno Kozo) in the 1920s and 1930s. After discussing the dilemmas faced by economists during wartime (Takata Yasuma, Ryu Shintaro, Shibata Kei), the author concludes this intellectual history with the country's post-1945 democratic reforms and their early demise. This book is valuable reading for students and researchers of Japan's intellectual history. However, due to the book's comparative perspective, as well as the universality of the modernization experience, it will also appeal to students and researchers of the history of economic thought and modern intellectual history.

First Published in 2005. This book has been written as an outline history of the development of Japanese business. A good deal of literature exists on some aspects, and some periods, but this is the first attempt to follow the entire course from the Tokugawa period to the present, and to analyse the salient features from the vantage point of modernisation. A separate section in each chapter deals exclusively with the value problem and the impact of values on business and economic development. The Glossary gives an explanation of Japanese terms that are used in the text.

First published in 1938 this Routledge Revival is a reissue of the autobiography of influential economist J. A. Hobson. A comprehensive work, it details many aspects of his life including his background, influences, ethical principles, philosophy and religion. In a life which spanned great social, political and economic change - not least that brought about in the aftermath of the first world war - Hobson's humanist economic philosophy had a lasting impact upon economic and sociological thought.

A compelling exploration of what real life was like for residents of Civil War-era Atlanta In 1845, Atlanta was the last stop at the end of a railroad line, the home of just twelve families and three general stores. By the 1860s, it was a thriving Confederate city, second only to Richmond in importance. A Changing Wind is the first history to explore the experiences of Atlanta's civilians during the young city's rapid growth, the devastation of the Civil War, and the Reconstruction era when Atlanta emerged as a "New South" city. A Changing Wind vividly brings to life the stories of Atlanta's diverse citizens-white and black, free and enslaved, well-to-do and everyday people. A rich and compelling account of residents' changing loyalties to the Union and the Confederacy, the book highlights the unequal economic and social impacts of the war, General Sherman's siege, and the stunning rebirth of the city in postwar years. The final chapter of the book focuses on Atlanta's historical memory of the Civil War and how racial divisions have led to separate commemorations of the war's meaning.

First published in 1982, this work offers an analysis Brazil's long-term economic history and development, spanning the period from independence to post-war industrial growth. The book focuses upon the classic problem of why Brazil failed to develop economically during the nineteenth century in a manner similar to the United States and other regions of recent settlement. This volume discusses in detail the principle features of Brazil's economic landscape between 1822 and 1947, containing special coverage of topics such as slavery and the elastic supply of low cost labour from overseas; the inelastic supply of domestic output; the critical importance of the domestic agricultural sector and the lack of low-cost transportation; the reasons for the failure of international trade to act as an engine for generalized economic development; the special importance of economic infrastructure and public finance for the onset of sustained economic growth and structural change; and the central features of Brazilian development and industrialisation in the first half of the twentieth century.

First published in 1982, this work builds on the detailed economic history of Brazil in its companion volume: "Economic Structure and Change, 1822-1947," assessing and challenging the established interpretations. The book covers in depth the causes of the Northeast's poor economic experience and the emergence of significant regional inequality in Brazil's development. In his analysis of the role of Government in Brazil's economic development, the author offers a fresh perspective on the importance of public finance constraints and on the tensions between centralisation and federalism. The study also deals with broader analytical interests, affording opportunity to examine the empirical relevance of long-term development models. In encompassing both the period of slow economic growth through much of the nineteenth century and the rapid economic development which began at the end of the century, the study is able to focus upon the conditions which led to the onset of sustained development in a major underdeveloped country, suggesting lessons for contemporary underdeveloped countries.

First published in 1996, this insightful and informative text examines the post-emancipation and recent economic history of the Commonwealth Caribbean. Jay R. Mandle offers an explanation of the region's continuing underdevelopment. Through the use of an analytical framework derived from the works of Marx and Kuznets, the book focuses attention on technological change as the driving force behind economic modernization. Persistent Underdevelopment begins by exploring how plantation agriculture had a limiting effect on industrial growth. Ultimately, plantation dominance receded; technological stagnation continued, however, and, under British colonial policy the Caribbean failed to modernise. The post-World War II era brought new efforts at modernisation through the economic policies of the left regimes of Manley, Burnham and Bishop. The concluding chapters point the way to policies that would enable the Caribbean to escape its current poverty and become an effective participant in world markets, finally achieving the goal of modern economic development.

First published in 1990, this book traces the logic and the peculiarities of German economic development through the Weimar Republic, Third Reich and Federal Republic, providing a comprehensive analysis of the period. The book also assesses controversial issues, such as the origins of the Great Depression; the primacy of politics or economics in the decision to invade Poland and the future risks to the Weltmeister economy of the Federal Republic oppressed by unemployment; the huge debts of some of its trading partners; and the possibility of worldwide protectionism.

This book provides the first comprehensive and accessible account of the evolution of exchange rate regimes in the twentieth century. It presents a chronological, non-technical history and in doing so manages to link the past with the present to shed new light on the merits of different exchange rate systems.Since the golden age before the First World War, the international monetary system has experienced several changes in exchange rate regimes, alternating between fixed and floating rate systems interspersed with managed or dirty floats. The authors examine and assess the evolution of exchange rate regimes since the First World War to the present day. They discuss the forces that have brought about change in order to determine how different regimes affected the economic environment. They consider the merits or otherwise of the respective regimes and assess the evidence and arguments for and against fixed and floating exchange rate systems. Exchange Rate Regimes in the Twentieth Century provides a coherent and manageable analysis of a complex subject. It will prove invaluable to both undergraduates and postgraduates studying economic history, international economics and international studies.

First published in 1986, this book presents a reissue of the first detailed confrontation between the Austrian school of economics and Austrian philosophy, especially the philosophy of the Brentano school. It contains a study of the roots of Austrian economics in the liberal political theory of the nineteenth-century Hapsburg empire, and a study of the relations between the general theory of value underlying Austrian economics and the new economic approach to human behaviour propounded by Gary Becker and others in Chicago. In addition, it considers the connections between Austrian methodology and contemporary debates in the philosophy of the social sciences.

The Great Depression had a devastating effect on much of the world's developed economies. (For example, at its nadir, around one-quarter of the US workforce was unemployed. And, in Britain, exports virtually halved by 1933 as international trade collapsed.) The political and cultural consequences of the Great Depression were equally far-reaching. The ongoing search fully to comprehend the worldwide economic collapse in the 1930s remains a dizzying intellectual challenge (the Holy Grail of macroeconomics' according to Ben Bernanke). Moreover, the current global economic and financial tumult has prompted many economists -- as well as scholars from related disciplines -- to explore the Great Depression anew in the hope of gaining knowledge on how best to survive the latest desperately serious and sustained global economic slump. As research in and around the Great Depression flourishes as never before this new addition to Routledge's Critical Concepts in Economics series meets the need for an authoritative reference work to make sense of the subject's vast literature and the continuing explosion in scholarly output. Edited by two leading scholars in the field, this new Routledge Major Work is a five-volume collection of classic and cutting-edge contributions. With a comprehensive introduction, newly written by the editors, which places the collected material in its historical and intellectual context, The Great Depression is an essential work of reference and is destined to be valued as a vital research tool.

First published in 1914 and reissued with a new introduction in 1992, Work and Wealth is a seminal vision of Hobson's liberal utopian ideals, which desired to demonstrate how economic and social reform could transform existing society into one in which the majority of the population, as opposed to a small elite, could find fulfillment.

Hobson attacked conventional economic wisdom which made a division between the cost of production and the utility derived from consumption. Far from being necesarily arduous, Hobson argued that work had the potential to bring about immense utility and enrichment. The qualitative, humanist work argues in favour of a new form of capitalism to minimise cost and maximise utility.

This book assesses the current state of the Greek economy and detects its development and growth prospects up to 2030. The analysis begins with 19th century Greece, addressing the repeated defaults that led to the formation of a dependent state, and the failed modernizing attempts. Then the book addresses current geostrategic dimensions as well as the current structure of institutions and culture in Greece. The second part presents the evolution of sustainability, governance, and inclusivity, as well as the evolution of culture in Greek society and insights into the production prototype. The third part of the book looks forward to what lays ahead for Greece up to 2030. It presents the theoretical background for two scenarios: the normal scenario (business as usual, including the effects of the recent Covid-19 pandemic) and the optimal scenario (a pro-growth scenario including increases of Total Factor Productivity through structural reforms). In presenting these scenarios, the book discusses issues ranging from a comparative analysis between Greece and the Eurozone, the developments in output gap and potential output, public debt, competitiveness, basic macroeconomic variables, a detailed analysis on investments, and inclusive growth.

"Chinese Big Business and the Wealth of Asian Nations" examines the crucial contribution of Chinese business groups to the rapid growth of South-East Asia. This study examines major Chinese firms and their increasingly important networks in this era of regional interdependence and internationalization of production processes. It draws upon unprecedented empirical detail relating to Chinese firms, their growth patterns, joint ventures with foreign capital, and responses to technological change and competition and contributes to debates on economic networks, the economics of trus, and relations between business and the state in the global economy.

Originally published in 1988, this book compiles a collection of works investigating the impact of recession on women's employment. The authors argue that the most important explanation of differences in women's experience between the countries is the form of labour market regulation and organisation. They point out that current changes in these forms of regulation, and not displacement of female labour, pose the main threat to any gains that women have made in the labour market in the post- World War II period.

Modern theory has greatly influenced our reading of the history of economics. This third volume of Negishi's essays gathers together some of his most significant contributions to this subject, drawing as much from seminal works as from material now rarely obtainable. These essays reconsider economic thought in the light of modern theory, from Smith to Marx, and from Marshall to Keynes. Takashi Negishi discusses contributions made both in classical school and marginal revolution literature which are still significant to modern economic theory, and those heralding from Japan which have lacked exposure in the West. This volume will appeal not only to scholars in the history of economic thought, but more generally will interest those economists who are unsatisfied with the current state of economics.

First published in 1913, this Routledge Revivals title reissues J. A. Hobson's seminal analysis of the causal link between the rise in gold prices and the increase in wages and consumer buying power in the early years of the Twentieth Century. Contrary to the assertions of some notable contemporary economists and businessmen, Hobson contended that the relationship between gold prices and wages (and the resulting social unrest across much of Europe) was in fact much more complex than it initially appeared and that there were significantly more important factors in the rise of contemporary wealth, such as the rapid enlargement of state enterprise and joint stock companies; a wide extension of banking and general financial apparatus; and the opening of profitable fields of investment for the development of underdeveloped countries, which helped raise the rate of interest and profits.