Game-Theoretic Models of Bargaining provides a comprehensive picture of the new developments in bargaining theory. It especially shows the way the use of axiomatic models has been complemented by the new results derived from strategic models. The papers in this volume are edited versions of those given at a conference on Game Theoretic Models of Bargaining held at the University of Pittsburgh. There are two distinct reasons why the study of bargaining is of fundamental importance in economics. The first is that many aspects of economic activity are directly influenced by bargaining between and among individuals, firms, and nations. The second is that bargaining occupies an important place in economic theory, since the ???pure bargaining problem??? is at the opposite pole of economic phenomena from the case of ???perfect competition???. This volume is an outgrowth of the renewed interest in the strategic approach to the theory of bargaining and to the general theory of non-cooperative games.

This 25th volume in the Research in Economic Anthropology series contains 12 original papers nine empirical ethnographic studies and three theoretical essays all linked by a common concern with economic choice in various social and cultural situations, and authored by researchers in anthropology, economics, and sociology. The ethnographic studies present data collected in Mexico, Paraguay, Columbia, Greece, Morocco, Egypt, Thailand, Taiwan, and Japan. Part I of the volume focuses on work migration, a theme that has received much attention of late. Papers in Part II are concerned with various manifestations of markets and market forces in everyday life, and associated individual, group, or corporate action. Part III consists of studies on economic development, market expansion, and community-wide impacts in Latin America. Finally, papers in Part IV share a common concern with the works of noted economic historian Karl Polanyi, which have influenced researchers in economic anthropology, economics, and sociology in many different ways.
*Contains 12 original papers, including 9 ethnographic studies
*Research is global in scope and includes European, Asian, African, and American countries
*Special attention is given to Latin American countries and the work of economic historian Karl Polanyi

Supplement 9 contains bibliographical and archival materials pertaining to two eminent American economists: "The Finding Guide to the Frank H. Knight papers at the University of Chicago" and, a complete annotated bibliography of the writings of Frank H. Knight, assembled and edited by Ross B. Emmett. Also included is a bibliography to references for Thorstein Veblen works for the period 1983-1996, assembled by Solidell Wasser and Felicity Wasser.

This volume compiles five papers modeling the effects of neoliberal economics on the emergence of Ebola and its aftermath. Neoliberalism is currently the world's primary economic philosophy. It centers international relations around globalizing laissez-faire economics for multinational companies, promoting free trade, deregulating economic markets, and shifting state expenditures in favor of private property. The multidisciplinary teams represented here place both Ebola Makona, the Zaire Ebola virus variant that has infected 28,000 in West Africa, and Ebola Reston, which is currently emerging in industrial hog farms in the Philippines and China, within a multi-plank modeling framework. Using a stochastic extinction model that one group spatializes, environmental stochasticity across the ecologies in which Ebola evolves is treated as an ecosystemic prophylaxis. An agroecological logic gate is developed for epidemic control. A Black-Scholes model explicitly links economic margins across agricultural systems to success in biocontrol. This new control theory is further developed around the data-rate and rate-distortion theorems, a turbulence model, and cognitive symmetry breaking. Lastly, a model of pandemic penetrance is used to explore the domino effects of serious outbreaks amplifying through the cascades of disasters that can follow deadly pandemics. All the models presented are contextualized by socioeonomic geographies specific to outbreak locales.Together the models suggest shifts in regional agroeconomics under the neoliberal doctrine, driving deforestation and monoculture production, destroying the ecosystemic "friction" with which local forests typically disrupt Ebola transmission. The resulting collapse in such an ecological function accelerates pathogen spillover and propagation across the remaining host populations. The failure on the part of current control efforts to assimilate such a structural context may render even an efficacious vaccine dysfunctional. The authors propose an alternate science of disease and an adjunct program of interventions useful to researchers and public health officials alike.

Religious Resistance to Neoliberalism offers compelling and intersectional religious critiques of neoliberalism. Neoliberalism is the normative rationality of contemporary global capitalism that orders people to live by the generalized principle of competition in all social spheres of life. Keri Day asserts that neoliberalism and its moral orientations consequently breed radical distrust, lovelessness, disconnection, and alienation within society. She argues that engaging black feminist and womanist religious perspectives with Jewish and Christian discourses offers more robust critiques of a neoliberal economy. Employing womanist and black feminist religious perspectives, this book provides six theoretical, theologically constructive arguments to challenge the moral fragmentation associated with global markets. It strives to envision a pragmatic politics of hope.

This book provides a critical reading of Foucault's writings on the archaeology of political economy, analyzing some of Foucault's contributions to the methodology of economics, historiography of economic thought and studies on Adam Smith's context and writings. It reconstructs Foucault's archaeology, relating it to current debates in economics.

The research review discusses important papers in the Economics of Advertising since the Millennium. It covers embellishments of established theories, newer theories, and empirical testing of both. Topics include informative, persuasive, and comparative advertising, content analysis, targeting, information congestion, signalling, and information disclosure. Scholars of marketing and economics will find here both a back-drop and recent advances.

The writings of Luigi Einaudi (1874-1961) testify to the author's outstanding contribution to economics during his long career as economist, historian and policy-maker. Of special note is his work on the taxation of consumption rather than income. Throughout his career Einaudi argued the economic and political case for European unity, anticipating the need for a common market and monetary union. His writings on money and on political and economic liberalism are enlivened by a down-to-earth conception of the market and grounded in profound historical and institutional knowledge. This book makes an important selection of his works available in English for the first time.

This book tells the story of one of the most important public figures of the twentieth century. It is the first full biography of Friedrich Hayek, the Austrian economist who became, over the course of a remarkable career, the great philosopher of liberty in our time. In this richly detailed portrait, Alan Ebenstein chronicles the life, works, and legacy of a visionary thinker, from Hayek's early years as the scholarly son of a physician in fin-de-siecle Vienna on an increasingly wider world as an economist and political philosopher in Londom, New York, and Chicago. Ebenstein gives a balanced, integrated account of Hayek's extordinary diverse body of work, from his fist encounter with the free market ideas of mentor Ludwig Von Mises to his magisterial writings in later life on the legal, political, ethical, and economic requirements of a free society. Awarded the Nobel Prize in 1974, Hayek's vision of a renewed classical liberalism-of free markets and free ideas in free societies-has taken hold in much of the world. Alan Ebanstein's clearly written account is an essential starting point for anyone seeking to understand why Hayek's ideas have become the guiding force of our time. His illuminating portrait of Hayek the man brings to new life the spirit of a great scholar and tenacious advocate who has become, in Peter Drucker's words, "our time's preeminent social philosopher."

This book covers some important topics in the construction of computable general equilibrium (CGE) models and examines use of these models for the analysis of economic policies, their properties, and their implications. Readers will find explanation and discussion of the theoretical structure and practical application of several model typologies, including dynamic, stochastic, micro-macro, and simulation models, as well as different closure rules and policy experiments. The presentation of applications to various country and problem-specific case studies serves to provide an informed and clearly articulated summary of the state of the art and the most important methodological advancements in the field of policy modeling within the framework of general equilibrium analysis. The book is an outcome of a recent workshop of the Italian Development Economists Association attended by a group of leading practitioners involved in the generation of CGE models and research on modeling the economy and policy making. It will be of interest to researchers, professional economists, graduate students, and knowledgeable policy makers.

This book develops a novel approach to distributive justice by building a theory based on a concept of desert. As a work of applied political theory, it presents a simple but powerful theoretical argument and a detailed proposal to eliminate unmerited inequality, poverty, and economic immobility, speaking to the underlying moral principles of both progressives who already support egalitarian measures and also conservatives who have previously rejected egalitarianism on the grounds of individual freedom, personal responsibility, hard work, or economic efficiency. By using an agnostic, flexible, data-driven approach to isolate luck and ultimately measure desert, this proposal makes equal opportunity initiatives both more accurate and effective as it adapts to a changing economy. It grants to each individual the freedom to genuinely choose their place in the distribution. It provides two policy variations that are perfectly economically efficient, and two others that are conditionally so. It straightforwardly aligns outcomes with widely shared, fundamental moral intuitions. Lastly, it demonstrates much of the above by modeling four policy variations using 40 years of survey data from the Panel Study of Income Dynamics.

 The dynamics of the digital economy in the US, Europe and Japan are rather different. Some EU countries come close to the USA as the leading OECD country in the new economy, but Japan faces particular problems in catching-up digitally. Information and communication technology will affect productivity growth, production, the financial system and trade. Setting adequate rules for the digital economy - at the national and international level - is a key challenge for industrialized countries. Moreover, cultural and organizational challenges will also have to be met.

Much-needed in the face of present political upheavals, including the rise of populism and re-emergence of nationalism and authoritarian regimes, this book is radical in both its critique and proposals for a new economics. Taking an interdisciplinary approach, Bart Nooteboom offers insights from economics, sociology, cognitive science, social psychology and philosophy. Exploring ways in which economics is developing, the book investigates how new economics has moved away from considering individuals as autonomous and instead studies their involvement and interactions with each other. The book discusses a new relational economics: less contractual, hierarchical and controlled, and more based on trust and mutual adjustment. Nooteboom proposes a shift from utility ethics to the virtue ethics of prudence, courage, moderation and justice. A provocative read for economics students, this work is especially pertinent to those interested in rethinking the subject and expanding upon heterodox theories. It will also prove a useful read to critical economists and sociologists looking to better understand a way forward in our current economic climate.

A collection in four volumes of writings on international financial centres, suitable for financial practitioners and students. It encompasses the moves to European financial integration, the dynamic rise of new centres, particularly in Asia and the Pacific, and challenges to existing centres. Included are essays on the conceptual classification of financial centres, comparative and historical perspectives, and technological and international financial market developments affecting their operations and prospects. This volume deals with concepts, developments and dynamics in international financial centres.

This volume is the product of the "Sixth Annual SEEP-Conference on Economic Ethics and Philosophy" on the theme of 'Cultural Factors in Economic Growth' held at Marienrode Monastry, Hildesheim, in April 1998. Our thanks go to our colleagues (including Avner Offner, whose paper could not be included here), the staff at the monastry, and Professor Peter Koslowski of the Forschungsinstitut fUr Philo sophie Hannover, and editor of this series, for contributing to a very enjoyable conference and, we hope, an interesting collection of essays. Mark Casson and Andrew Godley University of Reading, March 2000 Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v Chapter 1 Cultural Factors in Economic Growth MARK CASSON AND ANDREW GODLEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2 Trust as a Governance Device BART NOOTEBOOM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 Chapter 3 A Measure of Culture: Trust and Defection in Southern Italy FRANCESCO L. GALASSI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69 Chapter 4 Entrepreneurial Minorities: A Typology WILLIAM D. RUBINSTEIN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III Chapter 5 Cultural Determinants of Jewish Immigrant Entrepreneurship in the UK and USA and British and American Culture ANDREW GODLEY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 125 CONTENTS Chapter 6 Jurisprudence, Expected Value, and the Culture ofInnovation FRED V. CARSTENSEN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142 Chapter 7 Constitutions, Liberties, and Growth in Pre-Modem Europe STEPHAN R. EpSTEIN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 152 Chapter 8 Culture and the Myth of Economic Determinism in Global History and World Politics KEN DARK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182 Chapter 9 The Case for a Shared World Language ERIC L. JONES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 0 List of Authors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 237 Index of Names . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

social network analysis has been an established eld since the 1950s; in computer and information sciences, in biology, and of course in mathematics (graph theory) networks are central representations of objects and methods (De Nooy, forthc- ing). More detailed bibliometric studies have examined the individual, cognitive, and institutional composition of complex network theory (Morris and Yen 2004), and social network theory (Otte and Rousseau 2002). Among the more impor- .. tant pieces of literature are Borner et al. (2007), Bornholdt and Schuster (2003), Buchanan (2002), Dorogovtsev and Mendes (2003), Otte and Rousseau (2002), Newman (2003), and Watts (1999, 2004). Of these, Borner .. et al. (2007) stand out because they have most recently re-examined network science, considering it as a possible innovation in information science. All the reviews mentioned include efforts to build bridges between different scienti c disciplines and specialties. In this book we draw particular attention to the link between evolutionary economics and statistical physics. Despite this impressive development, claims that an entirely new science has been created (Barabasi ' 2002) have nevertheless been the subject of criticism. - depth analyses of a subset of "complex networks" contributions (1991-2003) have shown that the notion of "complex networks" was already prevalent in a number of different elds before it became practically a "brand name" or the popular label for a new specialty area in physics, or a new cross-disciplinary paradigm.

In recent years, the usual optimisation techniques, which have proved so useful in microeconomic theory, have been extended to incorporate more powerful topological and differential methods, and these methods have led to new results on the qualitative behaviour of general economic and political systems. These developments have necessarily resulted in an increase in the degree of formalism in the publications in the academic journals. This formalism can often deter graduate students. The progression of ideas presented in this book will familiarize the student with the geometric concepts underlying these topological methods, and, as a result, make mathematical economics, general equilibrium theory, and social choice theory more accessible.

Like norms, translation invariant functions are a natural and powerful tool for the separation of sets and scalarization. This book provides an extensive foundation for their application. It presents in a unified way new results as well as results which are scattered throughout the literature. The functions are defined on linear spaces and can be applied to nonconvex problems. Fundamental theorems for the function class are proved, with implications for arbitrary extended real-valued functions. The scope of applications is illustrated by chapters related to vector optimization, set-valued optimization, and optimization under uncertainty, by fundamental statements in nonlinear functional analysis and by examples from mathematical finance as well as from consumer and production theory. The book is written for students and researchers in mathematics and mathematical economics. Engineers and researchers from other disciplines can benefit from the applications, for example from scalarization methods for multiobjective optimization and optimal control problems.

"Marx's Theory of Price and its Modern Rivals "provides an original look at how Marx understood the role of money, extending his theory to consider how prices move over the course of business cycles. Key modern theories of price are also analyzed; Neoclassical, Post Keynesian and Sraffian theories are contrasted with Marxian thought.

In this book, Thompson and Hickson strongly challenge the standard interpretation of the basis of growth and viability of dominant wealthy nations. Briefly, efforts of the economically wealthy and the government leaders to increase their wealth and protect it from aggressors, internal and external, are cast in a new evolutionary light. The challenge is to the idea that societies leading intellectual formulators of political and social policy have been helpful. Their alternative, and persuasive, interpretation is that the rise and survival of wealthier nations has been achieved because of an effective democracy'. The authors explain why an effective democratic state must avoid narrow, short-sighted', rational appearing concessions to a sequence of aggressors. In short, the Thompson-Hickson interpretation of the rise of wealthy dominant nations does not rely on advice of superior intellectual advisors, but instead rests on the pragmatic, almost ad hoc, actions of democratic legislators.

Richard America here redefines the complex problems of racial economic injustice, poverty, inequality, and lagging competitiveness and productivity in the United States. In a sure-to-be-controversial analysis, the author argues that there is a true debt owed by White America to Black America, that this debt is significant, and that it has now come due. He estimates the size of Whites' debt to Blacks, shows how that debt came to be, and suggests creative ways of paying it back. This book argues persuasively that the social and racial problems in the United States cannot be solved until we acknowledge that the "haves" truly and literally owe money to the "have nots."

The virtues and failings of market economies are at present widely debated and the outcome of the debate is of practical importance. This book contains essays that address these issues of economic policy ranging from privatization of industry and financial markets to education and the proposal for an internal market in the health service. Apart from two general theoretical pieces, particular markets, and proposals for creating such markets, are studied.

Industry, Space and Competition rediscovers the contributions of the past on industrial organization and spatial economics and analyses these within the context of current movements towards globalization, regionalization and localization.It re-examines the work of von Thunen, Marshall, Weber and Perroux as well as re-assessing less well-known authors including Quesnay, George and Hearn whose contributions have previously been largely disregarded. The book analyses their contributions to spatial economics, industrial organization and economic geography within an historical context. The authors then go on to discuss related issues which are not strictly from the discipline of economics. Finally the authors propose that there should be more interaction with other disciplines including history and geography in order to gain a greater understanding of the subject. This book will be welcomed by historians of economic thought, regional economists, industrial economists, especially those interested in industrial organisation and competition, and scholars of international economics and economic geography.

Modes of Explanation is the first book in decades to attempt to bring these conflicting approaches together and to offer a compelling narrative to explore how the paradox of 'explanation' can converge.