"The Economic Crisis and the State of Economics" brings together leading economists from a diverse set of backgrounds and presents their take on how economics can explain the current crisis but also how the crisis will affect economic thought.

This is the first book to examine behavioral theories on social preference from institutional and philosophical perspectives using economic experiments. The experimental method in economics has challenged central behavioral assumptions based on rationality and selfishness, proposing empirical evidence that not only profit seeking but also social preferences matter in individuals' decision making. By performing distribution experiments in institutional contexts, the author extends assumptions about human behavior to understand actual social economy. The book also aims to enrich behavioral theories of economics directed toward institutional evolution.The author scrutinizes how specific institutional conditions enhance or mute individuals' selfish incentives or their fairness ideals such as egalitarian, performance-based, labor-value radicalism or libertarianism. From experimental results and their analysis, implications for actual problems in social economy and institutional change are derived: why performance-based pay often fails to promote workers' productivity; why labor wages decline whereas shareholder's values increase after financialization; and whether socially responsible investment can be a social institution for corporate governance.The book is also addressed to philosophers of social sciences interested in how experimental methods can contribute to developing cognition of human behaviors and be extended to social theories. Referring to behavioral theorists in the history of economic thought, the author discusses the meanings of experiments in the methodology of social sciences. She also proposes new ways of interpreting experimental results by reviving historic social theories and applying them to actual social problems.

This book presents a great deal of new primary research on a wide range of aspects of early modern East Asia. Focusing primarily on maritime connections, the book explores the importance of international trade networks, the implications of technological dissemination, and the often unforeseen consequences of missionary efforts. It demonstrates the benefi ts of a global history approach, outlining the complex interactions between Western traders and Asian states and entrepreneurs. Overall, the book presents much interesting new material on this complicated and understudied period. .

In the twentieth century, the United States replaced the United Kingdom as the centre of both the output of economic literature and the international economy. Having examined the structure of influence within the Keynesian and the Anti-Keynesian Traditions, (volume 1 and 2), this volume, the third of the trilogy, focuses more directly on economists and it highlights a multi-layered structure of influence within the policy process. Unpublished archival evidence illuminates aspects of the process by which the USA emerged as a dominant player in the world economy. This volume will be of interest not just to economists but to historians and social scientists, and to anyone interested in this transformation in world history.

After the Second World War, the economics of the western capitalist countries were based on a production system called fordism, but in the mid 1970s this system began to break down, and it has been in crisis since. But does resolving this crisis imply a complete break with the past, notably with the principles of Taylor and Ford?;Based on an analysis of the transformations currently taking place in several international companies, this book reveals the complexities and subtleties of today's transitions.

This book surveys Poland's move from being a post-feudal, backward, peripheral country to being a modern, capitalist, European state: from the partition of the commonwealth of Poland and Lithuania to the abolishment of 'second serfdom'; late industrialization to state socialism; post-partition fragmentation to post-Second World War westward dislocation; and from the 'Solidarnosc' movement to accession into the European Union. Could Poland really be considered an 'underdeveloped' nation throughout the last 200 years? What factors contributed to its 'backwardness'? Has Poland yet managed to catch up with the West? This book, the first overview of the modern economic history of Poland to be published in English, addresses these and many other questions crucial for developing our understanding of the economic history of modern Central-Eastern Europe. The economic development of Poland is analyzed through data and statistics, as well as through analysis of the ideas that paved the way for the politics of economic and social modernization.

The attack on Pearl Harbor was arguably the single most important event of our century. In one stroke, the Japanese offensive brought together the war in Europe between Britain and Russia on the one hand and Germany on the other with the ongoing conflict between Japan and China, turning it into the global struggle between two great coalitions we know as the Second World War. By bringing America into the war, Japan assured not only the destruction of her Asian empire, but also the end of American isolationism, the survival of Soviet communism, and the ultimate bankruptcy of the great European colonial systems. In Pearl Harbor Revisited, eleven distinguished writers consider the action as an international event, providing remarkably lucid and impressive interpretations of the attack's causes and consequences.

This 32 volume set reissues key out-of-print titles that will prove invaluable in understanding the current resurgence of economic nationalism. Covering all aspects of international trade policy, and focusing particularly on tariffs and protectionism, this set will be invaluable to the modern student.

Vladimir Lenin, Leon Trotsky, and Nikolai Bukharin were the three leaders of the Russian Revolution who shaped the new society most, both through their theories and their political leadership. All three were motivated by the ideal of building a utopian collective. Once in power, they tirelessly tried to put their vision into practice, but the Soviet system that resulted was nothing like the one they tried to create. In Spontaneous Order and the Utopian Collective, Nell takes her cue from the personal writings and documents of Lenin, Trotsky, and Bukharin to consider them anew from an Austrian theoretical perspective, analyze the divergence between theory and practice using a spontaneous order framework, and identify three interconnected prerequisites necessary for a utopian collectivist society. Nell then asks whether it might be possible to create this utopian collective somehow, and avoid the pitfalls of planning.

The Austrian economic school famously predicted and explained the problems of calculation in a socialist society. With their concept of spontaneous order, they challenged mainstream economists to look beyond simplified static models and consider the dynamic and evolutionary characteristics of social orders. However, many feel that Austrians took their victory too far and became ideologically devoted to laissez-faire. Austrian Theory and Economic Organization is a collection of essays on problems and possibilities in economic organization, written by economists and political scientists with an interest in the dynamic and evolutionary nature of market economies. Each chapter explores areas of potential agreement between Austrian theory, market socialist economics, and other heterodox schools of economic and political science. The collection aims to bridge cultural and political divisions between free market advocates who stress individual rights and left-leaning thinkers who stress social justice and a culture of solidarity.

Although colonies are often viewed as having been of crucial economic importance to Britain's empire, those responsible for administering the colonies were often not at all interested in or supportive of commercial ventures, as this book demonstrates. Based on extensive original research, and including detailed case studies of the agricultural and mining sectors in late nineteenth and early twentieth century Malaya, the book examines how administrators and capitalists interacted, showing how administrators were often hostile to business and created barriers to business success. It discusses in particular contradictory colonial government policies, confusion over land grants and conflicts within bureaucratic hierarchies, and outlines the impact of such difficulties, including the failure to attract capital inflows and outright business failures. Overall, the book casts a great deal of light on the detail of how business and government actually worked in Britain's colonial empire.

This book examines the process by which Keynesianism, with its sympathetic view of the role of government in the economy and society, lost influence among economists and policy makers and was replaced by more negative views about government intervention and more positive views about the role of the market as a social organizer.

The first major volume to place U.S.-centered labor history in a transnational or U.S.-in-the-world focus, Workers Across the Americas collects the newest work of leading Canadianist, Caribbeanist, and Latin American specialists, as well as U.S. historians. As distinct from comparative histories built around the integrity of their nation-state subjects, these essays highlight both the supra- or sub-national aspect of selected topics without ignoring the power of nation-states themselves as historical forces. Indeed, the transnational focus opens new avenues for understanding changes in the concepts, policies and practice of states, their interactions with each other and their populations, and the ways in which the popular classes resist, react, and use both nation-state and non-state entities to advance their interests. What does this transnational turn encompass? And what are its likely perils as well as promise as a framework for research and analysis? To address these questions six eminent scholars (John French, Julie Greene, Neville Kirk, Aviva Chomsky, Dirk Hoerder, and Vic Satzewich) lead off the volume with their own critical commentaries on the very project of transnational labor history. Their responses effectively offer a tour of explanations, tensions, and cautions in the evolution of a new arena of research and writing. Thereafter, Workers Across the Americas groups fifteen research essays around themes of Labor and Empire, Indigenous Peoples and Labor Systems, International Feminism and Reproductive Labor, Labor Recruitment and Immigration Control, Transnational Labor Politics, and Labor Internationalism. Topics range from military labor in the British Empire to coffee workers on the Guatemalan/Mexican border to the Atlantic white slavery traffic to the role of the International Labor Organization in attempting to set common labor standards. Leading scholars-including Camille Guerin-Gonzalez, Alex Lichtenstein, Nelson Lichtenstein, Colleen O'Neill, Premilla Nadasen, and Bryan Palmer-introduce each section and also make recommendations for further reading.

This is an easy-to-read book that explains how and why Japan industrialized rapidly. It traces historical development from the feudal Edo period to high income and technology in the current period. Catch-up industrialization is analyzed from a broad perspective including social, economic and political aspects. Historical data, research and contesting arguments are amply supplied. Japan's unique experience is contrasted with the practices of today's developing countries. Negative aspects such as social ills, policy failures, military movements and war years are also covered. Nineteenth-century Japan already had a happy combination of strong entrepreneurship and relatively wise government, which was the result of Japan's long evolutionary history. Measured contacts with high civilizations of China, India and the West allowed cumulative growth without being destroyed by them. Imported ideas and technology were absorbed with adjustments to fit the local context. The book grew out of a graduate course for government officials from developing countries. It offers a comprehensive look and new insights at Japan's industrial path that are often missing in standard historical chronicles. Written in an accessible and lively form, the book engages scholars as well as novices with no prior knowledge of Japan.

Volume 23C of this research annual first presents lecture notes from courses at the University of Wisconsin during 1955-6 given by Hans Hl. Gerth and Edwin E. Witte, together with correspondence of Selig Perlman. The volume also presents notes taken by F. Taylor Ostrander in courses given at the University of Chicago during 1933-4. The notes are from courses given by John U. Nef, Charles O. Hardy, and Chester W. Wright, on European economic history, money and banking, and U.S. economic history, respectively.

The experience of one region over 25 years within the European Union forms the basis of an examination of how the EU impacts on a region's economy, on its society and on its own particular problems. In the case of Northern Ireland, inclusion in the European Union has coincided with the most sustained campaign of political terrorism in western Europe. Specialist contributors to this book consider what difference the European dimension has made to the region over the quarter century since 1973.

Capital has dominated the imagination of Western society from the Industrial Revolution. "Means and Ends" offers the first comprehensive interpretation of the rise, evolution and crisis of this concept from the sixteenth century to the modern day. Based on a wealth of primary sources it offers an exciting study of intellectual and cultural history.

A discussion of the anthropological roots of the market, tracing its development using the history of ideas and cultures as well as simple game theory. In his analysis of market ethics, Bruni calls for a reconsideration of some of the central tenets of modern political economy, and the need for a new spirit of capitalism.

Korean Americans are one of the fastest growing ethnic groups in the United States. Although they share many similar cultural characteristics with other Asian Americans, the Korean Americans are unique in terms of their strong ethnic attachment, extensive participation in Christian churches, heavy involvement in self-employed small businesses, wide geographic dispersion in settlement, and the emergence of the 1.5 generation phenomenon. This book answers the following questions for the student or interested reader: * Who are the Korean people? * Why did they come to the United States? * How did they adapt to their new country? * How are they received by the majority of Americans? * What are their accomplishments, problems, and contributions to American society? Other special features include: * An extensive coverage on the ethnic background (history, language, religion, customs, and other cultural heritage) of Korean Americans. * Current statistical data on Korean immigration to the United States. * A comprehensive analysis of socioeconomic characteristics of Korean Americans as compared with those of other minority groups. * A succinct analysis of the unique characteristics of Korean Americans. * Effective use of personal narratives. In 1970 there were about 70,000 Korean Americans-the number grew tenfold to about 790,000 in 1990. The Korean American population is now estimated at well over a million, and demographic projections indicate that the number will reach about three million by the year 2030. Korean Americans are thus among the new groups of Americans to become another integral part of the American history of cultural pluralism and ethnic diversity. Examined are the most significant areas of Korean American's adaptation-economic adjustment, sociocultural adaptation, family life, ethnic associations, intergroup relations, and psychological adjustment. In each area of adaptation, positive attainment as well as the problems of adjustment are analyzed in light of current theories and empirical research. The book concludes with a discussion of the unique characteristics of Korean Americans and their impact on society.

<I>Ideology and International Economy</I> is the first major study of the intellectual and institutional forces which combined to undermine the Bretton Woods system of fixed exchange rates. In two decades, Milton Friedman's "case for flexible exchange rates" was transformed from a minority academic viewpoint to the operational framework for the international monetary system. In the process, the International Monetary Fund was defeated, sidelined and in danger of becoming an irrelevant organization.

Italian accounting has a long and honourable tradition of theoretical and applied analysis of the accounting and reporting function, perceived and defined much more broadly than in the Anglo-Saxon tradition. The high point of this perhaps, is the creation of what is known as Economia Aziendale (EA). The antecedents, genesis and later developments are presented here in detail by highly knowledgeable specialists in the field. EA takes as a prerequisite the necessity of the business (entity/azienda) to ensure its own long-run survival. This requires that the necessary resources are retained and preserved, so operating capital maintenance, by definition future-oriented, is essential. It requires a focus on the particular business organization, entity-specific and consistent with today's notion of the business model. Entity-specific information relevant to current and future cash flows is a necessary pre-requisite for ensuring long-run survival, which historical cost accounting, or fair value (being market-specific not entity-specific) satisfactorily achieve. Flexibility of valuation and of reporting, always relevant to the specific asset at the specific time in the specific place, is a necessary condition for effective management. This is exactly the focus of EA and its analysis and tradition. Scholars and advanced students of international regulation and accounting, as well as accounting history, will find this an invaluable guide to a vibrant, scholarly tradition of great practical relevance today.

Follow the Money is based on a startling insight: there are three different forms of money, not just one; and the form of money a society implements determines the kind of society it will be, and what's more, how it will think. For money is not neutral. It is a product of human artifice, the particular expression of a particular society, that at the same time determines the further course of that society, not just in terms of economics, but in all areas of cultural endeavor. This thesis is implemented with verve. The book takes the reader on a journey through history, beginning with ancient Mesopotamia, through Phoenicia, Greece, and Rome, then through medieval and early-modern Europe in its interaction with the Near and Far East, all the way to the modern-day community of nations. It demonstrates in no uncertain terms just how decisive the institution of money has been, and at the same time just how misunderstood - its role, its effects, even the very form it takes. This is still the case, with the result that political choices and action end up entirely misguided. It is especially true of the attempt to address the credit and debt crises afflicting the world today. The way forward will only come through a better understanding of money as institution. This book is a first step in arriving at such an understanding. As such, it takes the form of historical inquiry, which is the only form such a first step can take. Follow the Money is illustrated and published in full color.

In the early 1800s, Robert Owen was a mill owner, political figure, and an advocate for social reform, and his publications attained considerable circulation. He believed that people need good working conditions in order to be encouraged to work and motivated to learn. Despite the higher costs associated with this kind of operation, compared to the traditional ones, Owen's management resulted in increased productivity and profit. His results caught the attention of men of wealth who were interested in social reform. In particular, at a similar time, Jeremy Bentham was developing his own theories. Owen and Bentham seemed to be based on some similar ideas that the greatest happiness creates the greatest results. Their ideas developed against the backdrop of the Industrial Revolution, and growing social and economic problems in England. Owen and Bentham were forerunners of highly relevant current theories of economics - marginalism, entrepreneurship, personnel management, and constructivism. They were acquainted with such important authors as James Mill, Malthus, Ricardo and John Stuart Mill. However, their economic theories were ruled out by classical economists, who actively tried to silence perspectives different from the orthodoxy. This book presents an innovative study of these two social thinkers and reformers, who have rarely, if ever, been studied together. This comparative study provides new context both on the social debate taking place during the Industrial Revolution, and on the development of modern social thought, in particular, the relationship between socialism and utilitarianism. Economics, Entrepreneurship and Utopia will be of great relevance to scholars with an interest in the history of economic ideas, the history of entrepreneurship, and social reform in both historical and contemporary contexts.