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.

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.

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.

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.

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 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.

This set reprints three classic volumes on Jeremy Bentham's economic writings. Before these volumes were published a great deal of Jeremy Bentham's economic work was completely unknown. All three volumes contain historical introductions and collections of passages from Bentham's non-economic writings which illustrate his views on economics as a science and the problems of methodology.
First published by George Allen & Unwin in the 1950s.

In this groundbreaking study, Andrew Miles subjects historical evidence of intergenerational and career mobility from the records of nineteenth-century marriages and autobiographical testimony to the analytical techniques developed by social scientists. Challenging previous assumptions about the long-term pattern of mobility in Britain, he demonstrates that the increase in mobility which accompanied the growth of an increasingly urbanized and bureaucratic service economy over the second half of the nineteenth century made English society more "open," while simultaneously encouraging a process of working-class formation which helped shape the emergence of modern labor politics.

This book sheds light on the Soviet economic system, which claimed the eventual abolition of money, collapsed following a monetary turmoil. It argues that the cause of the economic collapse was embedded in the design of the economic system. The Soviet economic system restricted the market, but continued to use fiat money. Consequently, it faced the question for which no feasible answer seemed to exist: how to manage fiat money without data and information generated by the market? Using Soviet data newly available from the archives, the book evaluates the performance of the components of monetary management mechanism, discovers the continuous accumulation of open and secret government debts, and quantitatively analyzes the relationship between economic growth and the money supply to support the argument. The book concludes that the Soviet economic collapse marked the end of the long history of Soviet monetary mismanagement.

Stalinism in a Russian Province reexamines the agrarian policy pillars of Stalin's 'revolution from above' initiated in 1929-30, and is the first major study of its kind since the opening of Soviet archives. Through a pioneering application of the theoretical approaches of moral and political economy to Stalin's peasant policy, Hughes reevaluates the causes and processes involved in the great political, economic and social changes in the Soviet countryside. Rather than a bipolarized conflict between state and peasant, he profiles the socially variegated response of different peasant groups to collectivization and dekulakization and argues that it was as much a process involving social conflict between peasants.

There is both an extensive introduction with two parts and a reflection at the end, which sets out and summarises the volume in a clear and accessible way, helping students and readers understand the topic as a whole, and enabling them to draw their own conclusions. The chapters are diverse in approach and subject, and many deal with global issues through European mediation, giving readers a survey of the subject beyond the traditional western European lens. The book is truely original, with its emphasis on rules/regulation rather than circulation of knowledge and issues of secrecy, providing students and readers a fresh and cutting edge approach to the history of knowledge.

Islahi explores the state of Arab Muslim economic thinking in the 19th century. Investigating the works of nine distinguished Arab writers from various fields, Islahi concludes that the intellectual, economic and Islamic awakening seen in the 19th century paved the way for the development of Islamic economics in the 20th century.

First published in 1985, Theories of Modern Capitalism provides a succinct study of Marxist and non-Marxist theories of Capitalism, its recent development, and the prospects of a transition to socialism.

The study begins with a critical examination and comparison of four major theories of capitalism, in the works of Marx, Weber, Schumpeter and Hayek. This is followed by an analysis of the most recent phase of capitalism which has been conceptualised by Marxists thinkers in various ways as 'organised capitalism'', 'state monopoly', or 'late capitalism'. Finally, Bottomore considers the question of a 'transition to socialism' in the diverse interpretations which have been offered by Marxists on one side, and by Weber, Schumpeter and Hayek on the other.

Theories of Modern Capitalism will be valuable in a wide range of courses in social and political theory, and will also have an appeal to a broader readership concerned with issues of social and economic policy.

Hybrid Knowledge in the Early East India Company World presents a new interpretation of the development of the English East India Company between 1660 and 1720. The book explores the connections between scholarship, patronage, diplomacy, trade, and colonial settlement in the early modern world. Links of patronage between cosmopolitan writers and collectors and scholars associated with the Royal Society of London and the universities are investigated. Winterbottom shows how innovative works of scholarship - covering natural history, ethnography, theology, linguistics, medicine, and agriculture - were created amid multi-directional struggles for supremacy in Asia, the Indian Ocean and the Atlantic. The role of non-elite actors including slaves in transferring knowledge and skills between settlements is explored in detail.

This is the third of seven volumes comprising the definitive scholarly edition of the works of Michal Kalecki, one of the most distinguished twentieth-century economists and one of the trio who arrived at the conclusions promulgated by Keynes around the time - and in Kalecki's case arguably earlier - than Keynes himself. Nearly half the material to appear in the seven volumes has never been previously published in English and includes revisions and additions made in the light of recent research, including information about the relationship of Kalecki's ideas to the ideas of contemporary economic theory. This third volume contains Kalecki's studies on the functioning of the socialist economy and on long-run planning, with special reference to Poland. Kalecki made an extensive contribution to the debates on Poland's post-war reconstruction, and especially on the system of planning and management of the Polish economy in 1955-64 and much of his work was unpublished until the 1980's. His activities throughout this period were so varied - on the practical level as well as on the theoretical - that the volume contains nearly all the material which has survived - Kalecki's correspondence, notes, records of his contribution to debates, and memoranda, providing an opportunity to survey Kalecki's activities related to the functioning of the Polish post-war economy.

In the early postwar era, Britain enjoyed a very close relationship with Australia and New Zealand, through their common membership of the Sterling Area and the Commonwealth Preference Area. This book examines the breakdown of this relationship in the 1950s and 60s, and the various economic factors involved. Special emphasis is given to the implications for Australia and New Zealand of Britain's proposal for a European free trade area, and of Harold Macmillan's unsuccessful bid to join the EEC in 1961-3.

The proceedings of the Development Studies Association conference held in Dublin on the 150th anniversary of the Great Irish Famine examine the historical background and the reasons why the spectre of famine continues to haunt much of the developing world today. Set in the context of the concepts of food security and insecurity it emphasises our moral responsibility to act collectively and to tackle less dramatic problems of food insecurity.