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Books > Business & Economics > Economics > Economic theory & philosophy

Economics as Moral Science (Hardcover, 2001 ed.): Bernard Hodgson Economics as Moral Science (Hardcover, 2001 ed.)
Bernard Hodgson
R4,581 Discovery Miles 45 810 Ships in 10 - 15 working days

Economics as Moral Science investigates the problem of the ethical neutrality of "mainstream" economic theory within the context of the methodology of economics as a science. Against the conventional wisdom, the author argues that there are serious moral presuppositions to the theory, but that economics could still count as a scientific or rational form of inquiry. The basic questions addressed - the ethical implications of economics, its status as a scientific mode of theory-construction, and the relation between these factors - are absolutely fundamental ones for an understanding of contemporary economics, the philosophy of the human sciences, and our current market culture. Moreover, the study provides a thorough philosophical analysis of the critical issues at stake from the inside, from the credible perspective of a particular, but foundational economic theory - the neoclassical theory of rational choice.

The Bundesbank Myth - Towards a Critique of Central Bank Independence (Hardcover): J. Leaman The Bundesbank Myth - Towards a Critique of Central Bank Independence (Hardcover)
J. Leaman
R2,903 Discovery Miles 29 030 Ships in 10 - 15 working days

Until recently, central bank independence was confined to just two major capitalist countries, the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.

Expectations in Economic Theory (Paperback): S.A. Ozga Expectations in Economic Theory (Paperback)
S.A. Ozga
R1,505 Discovery Miles 15 050 Ships in 12 - 19 working days

This book deals with economic theory, not methodology. It does employ certain methodological resolutions. These resolutions and the limitations they impose on the nature and the scope of the analysis are reviewed. The first resolution concerns what kind of a theory is to be discussed. The word theory may mean many things; it may mean a hypothesis put forward as an explanation of something, an idea, or a notion. In a normative sense it may mean a recommendation, a rule, or principle to be followed. In science it usually means a system of hypotheses to be accepted as an explanation of certain facts, a set of general laws, and principles. It is also used to distinguish the general principles and methods of a subject from the practice of it.

The theory with which this volume is concerned is that of science. In very general terms it may be defined as a system of hypotheses, one following from another, which permits the reader to derive from known facts and predictions of other facts. If the knowledge of the fact which we predict is important for us, in the sense that it permits us to achieve better the objectives we pursue, the theory may have a practical value. This book is therefore not only a contribution to the analysis of expectations but also an introduction to a number of selected topics in economic theory.

"S. A. Ozga" was born in Poland and received his first doctorate in economics in Warsaw. He obtained then a Ph.D. degree at the University of London and joined the staff of the London School of Economics, where at present he holds a readership in economics. His many contributions, covering a wide range of subjects in utility theory, in the theory of the firm, of international trade and of economic growth, have been published in "Economica, The Economic Journal" and "The Review of Economic Studies" in the United Kingdom, in "The Journal of Political Economy" and "The Quarterly Journal of Economics" in the United States, and in "Rivista di Politica Economica in Italy."

Adam Smith in Context - A Critical Reassessment of Some Central Components of His Thought (Hardcover, 2004 ed.): L Montes Adam Smith in Context - A Critical Reassessment of Some Central Components of His Thought (Hardcover, 2004 ed.)
L Montes
R2,864 Discovery Miles 28 640 Ships in 10 - 15 working days

"Adam Smith in Context" delves into some central components of Smith's thought, especially his moral philosophy, and challenges some commonly shared views. It combines philosophical, historical, methodological and economic issues of Smith's legacy, uncovering original interpretations of what Smith really said. It is an important contribution for those interested in Adam Smith as it proposes a different reading of his works by investigating the classical sources of his moral thought and the influences of his own time.

Capitalist Development and Crisis Theory: Accumulation, Regulation and Spatial Restructuring (Hardcover): Mark Gottdeiner,... Capitalist Development and Crisis Theory: Accumulation, Regulation and Spatial Restructuring (Hardcover)
Mark Gottdeiner, Nicos Komninos
R4,395 Discovery Miles 43 950 Ships in 10 - 15 working days

This collection of essays looks at recent developments in the crisis theory of capitalist development and relates such theories directly to the current patterns of economic, political, technological and cultural changes associated with societal restructuring in industrialized countries. It brings together contributors from eight different countries and represents the fields of economics, political science, political economy, urban planning and sociology. The relation between crisis and societal restructuring is addressed at four different levels. First, the general level of crisis theory is discussed, and several alternative theoretical approaches are addressed. Second, the international effects of contemporary crisis and restructuring are looked at, involving the relation between the older and newer industrialized countries. Third, the national level is addressed with regard to the restructuring of the welfare state and new forms of class conflict and political participation. Lastly, contributors address socio-spatial restructuring at the local or regional level in response to crisis, especially the restructuring of industrial/urban areas. M. Gottdeiner's previous works are "Plann

Monopoly Capitalism in Crisis (Hardcover, 2004 ed.): B Lucarelli Monopoly Capitalism in Crisis (Hardcover, 2004 ed.)
B Lucarelli
R2,865 Discovery Miles 28 650 Ships in 10 - 15 working days

The world economy is on the brink of a profound crisis. The threat of global deflation and the emergence of chronic excess global capacity characterizes the contemporary phase of crisis and stagnation. Lucarelli argues that these pathological features of globalization acquire a remorseless logic during the "mature" stages of monopoly capitalism. He explores the historical origins and theoretical tendencies of this protracted crisis from a Keynes/Kakecki perspective.

Distinguished Women Economists (Hardcover, New): Julianne Cicarelli Distinguished Women Economists (Hardcover, New)
Julianne Cicarelli
R2,793 Discovery Miles 27 930 Ships in 10 - 15 working days

Women are vital members of the economics profession, yet they have traditionally received scant recognition for their work. This volume provides information on 51 remarkable women in the profession. They come from all areas of economics-academia, the business world, public policy-and include those who are currently active as well as 19th-century pioneers in the field. Entries cover biographical information, as well as the subjects' work, providing a unique guide to the many and varied contributions these women have made to economics. Joan Robinson was one of the most significant economists of the 20th century. Juanita Morris Kreps was Secretary of Commerce under Jimmy Carter. And forecasting guru Abbey Joseph Cohen appears regularly on PBS, CNN, and CNBC. Women are vital members of the economics profession, yet they have traditionally received scant recognition for their work. This volume provides information on 51 remarkable women in the profession. They come from all areas of economics-academia, the business world, public policy-and include those who are currently active as well as 19th-century pioneers in the field. Entries cover biographical information, as well as the subjects' work, providing a unique guide to the many and varied contributions these women have made to economics. Seeking to provide balanced coverage, this book covers accomplished and emerging economists, living and deceased individuals, and women from all philosophical perspectives and economic areas. Some have worked in several areas. Kathleen Bell Cooper, for instance, was Chief Economist at Exxon Corporation and is now Under Secretary of Commerce for Economic Affairs, while Marina Whitman, now with the University of Michigan Business School, was a senior executive with General Motors and the first woman appointed to the President's Council of Economic Advisors. Others have spent their career in academia. All have been prolific writers, as their entries document, and all made their mark on economics. This book is a testament to their achievements.

Italian Economists of the 20th Century (Hardcover): Ferdinando Meacci Italian Economists of the 20th Century (Hardcover)
Ferdinando Meacci
R3,672 Discovery Miles 36 720 Ships in 12 - 19 working days

Italian Economists of the 20th Century provides a unique up-to-date assessment and appreciation of the work of 12 pioneering economists. The essays - written by a group of leading international scholars - are a fitting tribute to the important contribution that Italian economists have made to twentieth century economics. This important book includes entries not only on familiar names such as Vilfredo Pareto, Piero Sraffa and Franco Modigliani, but also on less well known yet equally important economists. It demonstrates the rich intellectual tradition in Italy and its profound - yet often unrecognized - impact on economics in general.

Handbook of Economic Expectations (Paperback): Ruediger Bachmann, Giorgio Topa, Wilbert Van Der Klaauw Handbook of Economic Expectations (Paperback)
Ruediger Bachmann, Giorgio Topa, Wilbert Van Der Klaauw
R3,484 R3,163 Discovery Miles 31 630 Save R321 (9%) Ships in 12 - 19 working days

Handbook of Economic Expectations discusses the state-of-the-art in the collection, study and use of expectations data in economics, including the modelling of expectations formation and updating, as well as open questions and directions for future research. The book spans a broad range of fields, approaches and applications using data on subjective expectations that allows us to make progress on fundamental questions around the formation and updating of expectations by economic agents and their information sets. The information included will help us study heterogeneity and potential biases in expectations and analyze impacts on behavior and decision-making under uncertainty.

Post-Keynesian Essays from Down Under Volume IV: Essays on Theory - Theory and Policy in an Historical Context (Hardcover, 1st... Post-Keynesian Essays from Down Under Volume IV: Essays on Theory - Theory and Policy in an Historical Context (Hardcover, 1st ed. 2015)
G. Harcourt, Peter Kriesler, Joseph Halevi, John Nevile
R4,050 R3,768 Discovery Miles 37 680 Save R282 (7%) Ships in 12 - 19 working days

Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume IV explores theory.

Law and Social Economics - Essays in Ethical Values for Theory, Practice, and Policy (Hardcover): M. White Law and Social Economics - Essays in Ethical Values for Theory, Practice, and Policy (Hardcover)
M. White
R3,474 Discovery Miles 34 740 Ships in 12 - 19 working days

This edited volume is the first collection of essays exploring the intersection of social economics and the law, providing alternatives to neoclassical law-and-economics and applying them to real-world issues. Law is a social enterprise concerned with values such as justice, dignity, and equality, as well as efficiency - which is the same way that social economists conceive of the economy itself. Social economists and legal scholars alike need to acknowledge the interrelationship between the economy and the law in a broader ethical context than enabled by mainstream law-and-economics. The ten chapters in Law and Social Economics, written by an international assortment of scholars from economics, philosophy, and law, employ a wide variety of approaches and methods to show how a more ethically nuanced approach to economics and the law can illuminate both fields and open up new avenues for studying social-economic behavior, policy, and outcomes in all their ethical and legal complexity.

Social Choice and Strategic Decisions - Essays in Honor of Jeffrey S. Banks (Hardcover, 2005 ed.): David Austen-Smith, John... Social Choice and Strategic Decisions - Essays in Honor of Jeffrey S. Banks (Hardcover, 2005 ed.)
David Austen-Smith, John Duggan
R3,065 Discovery Miles 30 650 Ships in 10 - 15 working days

Social choices, about expenditures on government programs, or about public policy more broadly, or indeed from any conceivable set of alternatives, are determined by politics. This book is a collection of essays that tie together the fields spanned by Jeffrey S. Banks' research on this subject. It examines the strategic aspects of political decision-making, including the choices of voters in committees, the positioning of candidates in electoral campaigns, and the behavior of parties in legislatures. The chapters of this book contribute to the theory of voting with incomplete information, to the literature on Downsian and probabilistic voting models of elections, to the theory of social choice in distributive environments, and to the theory of optimal dynamic decision-making. The essays employ a spectrum of research methods, from game-theoretic analysis, to empirical investigation, to experimental testing.

Radical Economics (Hardcover, 1992 ed.): Bruce Roberts, Susan Feiner Radical Economics (Hardcover, 1992 ed.)
Bruce Roberts, Susan Feiner
R4,509 Discovery Miles 45 090 Ships in 10 - 15 working days
The Wealth of Nations - Complete (Royal Collector's Edition) (Case Laminate Hardcover with Jacket) (Hardcover): Adam Smith The Wealth of Nations - Complete (Royal Collector's Edition) (Case Laminate Hardcover with Jacket) (Hardcover)
Adam Smith
R1,512 Discovery Miles 15 120 Ships in 9 - 17 working days
A Critique of Keynesian Economics (Hardcover, 2Rev ed): Walter Allan A Critique of Keynesian Economics (Hardcover, 2Rev ed)
Walter Allan
R2,881 Discovery Miles 28 810 Ships in 10 - 15 working days

This book brings together articles by international political economists on Keynesian economics and its legacy. The book begins with Don Patinkin's assessment of Keynes' early life and focuses attention on Keynes' contribution to monetary economics. Among the many controversies surrounding "The general theory", Axel Leijonhufvud takes the view that the Keynesian revolution began and stayed on the wrong track.;Leland Yeager refutes the idea that Keynesian economics was responsible for the general prosperity in the indusrialized world immediately after the Second World War. Although Karl Brunner is not fundamentally against Keynes' methodological approach, he is critical of his reliance on fiscal rather than monetary policy. Whereas Terence Hutchison defends Keynes, both against his critics but also against Keynesians, and argues that Keynes would not have shared their interpretation of his work on fundamental grounds. Patrick Minford traces the roots of neoclassical economics, based on the concept of rational expectations, back to "the general theory". In the final chapter, Stephen Littlechild offers an alternative to Keynesian economics by focusing attention on the Austrian school.

Modelling Our Changing World (Hardcover): David F. Hendry, Jennifer L. Castle Modelling Our Changing World (Hardcover)
David F. Hendry, Jennifer L. Castle
R1,343 Discovery Miles 13 430 Ships in 10 - 15 working days
Intelligent Transport Systems - Cases and Policies (Hardcover, Illustrated edition): Roger R. Stough Intelligent Transport Systems - Cases and Policies (Hardcover, Illustrated edition)
Roger R. Stough
R3,178 Discovery Miles 31 780 Ships in 12 - 19 working days

Intelligent Transportation Systems (ITS) are expected to add considerable productivity to existing transportation infrastructure and to therefore partially reduce the need for more physical infrastructure such as additional lanes of roadway. But there are huge barriers to achieving this vision ranging from the technical to the institutional. In this book a new outcome oriented methodology is developed and applied to a diverse set of ITS case studies in an effort to gain insight into the barriers to deployment. The case studies, most from the National Capital Region (Washington) in the US, include but are not limited to evaluation of electronic tolling, truck roll over warning systems, Advanced Traffic Information Systems (ATIS), variable message signs (VMS), ITS enhanced emergency management systems and ITS bridge operations. The evaluation methodology bears similarity to the benefit/cost balance sheet approach. Full cost (benefit) assessment is adopted with multiple externalities (environment, economic development, social equity issues, etc.) formally included in each of the individual evaluations. Transportation policymakers as well as scholars and students of economic, public policy and political science will find this study useful and informative.

The Dynamics of Intervention - Regulation and Redistribution in the Mixed Economy (Hardcover): P. Kurrild-Klitgaard The Dynamics of Intervention - Regulation and Redistribution in the Mixed Economy (Hardcover)
P. Kurrild-Klitgaard
R4,082 Discovery Miles 40 820 Ships in 12 - 19 working days

Since the works by Ludwig von Mises and F.A. von Hayek in the 1920s, the Austrian School of Economics has developed a unique analysis of how the interventions by governments may cause problems, which in turn may lead to calls for further intervention. The Austrian concept of how such a dynamic of interventionism may evolve has however never been very influential outside the Austrian School nor been widely applied for empirical studies. This volume seeks to bring together economists and political scientists with perspectives from both Austrian and public choice analysis so as to further enrich and apply the Mises-Hayek logic, as well as critically assess its value.

Research in Law and Economics - A Journal of Policy (Hardcover, Annotated edition): Richard O. Zerbe Jr Research in Law and Economics - A Journal of Policy (Hardcover, Annotated edition)
Richard O. Zerbe Jr; Volume editing by John B. Kirkwood
R4,061 Discovery Miles 40 610 Ships in 12 - 19 working days

* John Connor describes and evaluates the results of his extensive survey of reports of cartel overcharges.
* Dennis Weisman models the price effects of mergers that not only increase concentration in the relevant market but also increase the merged firms' participation in other, complementary markets.
* Malcolm Coate and Mark Williams develop a superior method for calculating critical loss in markets that are relatively homogenous and competitive premerger.
* Zhiqi Chen surveys recent developments in economic theories of buyer power and creates a general framework for antitrust analysis.
* Thomas J. Miceli and Kathern Segerson, given the difficulty of collecting damages after a long latency period, examine the desirability of granting toxic exposure victims an independent cause of action for medical monitoring at the time of exposure. They shows that such a cause of action incarease incentives for injurer care but only at the cost of greater litigation cost. the reluctance of courts to adopt such a proposed cause of action reflects theri awareness of this trade-off.
*Each chapter examines in depth a topic in law and economics.
*Written by leading experts in the field.

Post-Keynesian Economic Theory (Hardcover, 1995 ed.): Paul Wells Post-Keynesian Economic Theory (Hardcover, 1995 ed.)
Paul Wells
R2,941 Discovery Miles 29 410 Ships in 10 - 15 working days

Post-Keynesian Economic Theory explores and develops several areas of post- Keynesian economics most in need of additional fundamental research, including: a monetary theory of production; post-Keynesian price theory; international economics; labor economics; financing aggregate demands; and the liquidity preference theory of interest. The book presents a constructive post-Keynesian critique of contemporary macroeconomic conceptualization and practice. It illustrates the illusory character of the search for unique, determinate results in the problems of macroeconomics and clearly demonstrates the complexity and resulting richness of meaningful economic theory.

Credit, Interest Rates and the Open Economy - Essays on Horizontalism (Hardcover): Louis-Philippe Rochon, Matias Vernengo Credit, Interest Rates and the Open Economy - Essays on Horizontalism (Hardcover)
Louis-Philippe Rochon, Matias Vernengo
R3,669 Discovery Miles 36 690 Ships in 12 - 19 working days

The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit, Interest Rates and the Open Economy is essential reading for those who wish to expand their theoretical understanding of international financial issues and will be of great interest to those involved in macroeconomics, money and banking and radical economics.

Index Numbers - A Stochastic Approach (Hardcover): D.S.Prasada Rao, E a Selvanathan Index Numbers - A Stochastic Approach (Hardcover)
D.S.Prasada Rao, E a Selvanathan
R2,878 Discovery Miles 28 780 Ships in 10 - 15 working days

'An authoritative survey with exciting new insights of special interest to economists and econometricians who analyse intertemporal and interspatial price relationships.' - Professor Angus Maddison, Groningen University This book presents a comprehensive review of recent developments in the theory and construction of index numbers using the stochastic approach, demonstrating the versatility of this approach in handling various index number problems within a single conceptual framework. It also contains a brief, but complete, review of the existing approaches to index numbers with illustrative numerical examples. The stochastic approach considers the index number problem as a signal extraction problem. The strength and reliability of the signal extracted from price and quantity changes for different commodities depends upon the messages received and the information content of the messages. The most important applications of the new approach are to be found in the context of measuring rate of inflation; fixed and chain base index numbers for temporal comparisons and for spatial intercountry comparisons; the latter generally require special index number formulae that result in transitive and base invariant comparisons.

The Economics of Addictive Behaviours Volume II - The Private and Social Costs of the Abuse of Alcohol and Their Remedies... The Economics of Addictive Behaviours Volume II - The Private and Social Costs of the Abuse of Alcohol and Their Remedies (Hardcover, 1st ed. 2017)
John Joshua
R2,016 Discovery Miles 20 160 Ships in 12 - 19 working days

This title discusses the phenomenon of alcohol abuse as a behavioural disease and the associated costs. The author details alcohol's status as a psychoactive drug; he notes, however, that in contrast to other psychoactive drugs, alcohol has been widely culturally accepted in Western countries and legally available, except in isolated incidents for a short period of time. Joshua considers which policies are being correctly utilised so as to reduce the abuse of alcohol, and how these policies may operate on a supply and demand model. Whereas programs of prevention and treatment operate on the demand side of alcohol abuse, legislation is directed at the supply side of alcohol; that is, dealing with marketing - product, promotion, point of sales and price. This is the second title in a four volume series 'The Economics of Addictive Behaviours', consisting of three additional volumes on smoking, illicit drug abuse and overeating.

Computational Economic Systems - Models, Methods & Econometrics (Hardcover, 1996 ed.): Manfred Gilli Computational Economic Systems - Models, Methods & Econometrics (Hardcover, 1996 ed.)
Manfred Gilli
R3,042 Discovery Miles 30 420 Ships in 10 - 15 working days

The approach to many problems in economic analysis has changed drastically with the development and dissemination of new and more efficient computational techniques. Computational Economic Systems: Models, Methods & Econometrics presents a selection of papers illustrating the use of new computational methods and computing techniques to solve economic problems. Part I of the volume consists of papers which focus on modelling economic systems, presenting computational methods to investigate the evolution of behavior of economic agents, techniques to solve complex inventory models on a parallel computer and an original approach for the construction and solution of multicriteria models involving logical conditions. Contributions to Part II concern new computational approaches to economic problems. We find an application of wavelets to outlier detection. New estimation algorithms are presented, one concerning seemingly related regression models, a second one on nonlinear rational expectation models and a third one dealing with switching GARCH estimation. Three contributions contain original approaches for the solution of nonlinear rational expectation models.

Regulatory Reform and Labor Markets (Hardcover, 1998 ed.): James Peoples Regulatory Reform and Labor Markets (Hardcover, 1998 ed.)
James Peoples
R4,585 Discovery Miles 45 850 Ships in 10 - 15 working days

Regulatory reform represents a major shift in the government's role toward price determination in the transportation and telecommunication industries. The resulting policy emphasizes dependence on market forces to set prices and to encourage efficient production techniques. While extensive research investigates the influence of deregulation on prices, profits and productivity, the effect on labor markets has not received the same scrutiny. Firms in these industries are of major importance to business operations in other industries because they provide the critical services of transporting goods and transmitting information. This may partly explain such extensive research on the product market aspects of regulatory reform. Examining labor markets in the transportation and telecommunications industries is also highly warranted, as historically these industries represented some of the most heavily unionized sectors in the economy. The extent to which regulatory reform has encouraged product market competition may not necessarily result in the same degree of competition across industries. Regulatory Reform and Labor Markets debates the notion that research on regulatory reform and labor markets should develop within the framework of the competitive model. This is achieved by presenting diverging views on wage and employment determination in distinctly different deregulated industries.

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