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

The Routledge Handbook of Feminist Economics (Paperback): Gunseli Berik, Ebru Kongar The Routledge Handbook of Feminist Economics (Paperback)
Gunseli Berik, Ebru Kongar
R1,284 Discovery Miles 12 840 Ships in 9 - 15 working days

The Routledge Handbook of Feminist Economics presents a comprehensive overview of the contributions of feminist economics to the discipline of economics and beyond. Each chapter situates the topic within the history of the field, reflects upon current debates, and looks forward to identify cutting-edge research. Consistent with feminist economics' goal of strong objectivity, this Handbook compiles contributions from different traditions in feminist economics (including but not limited to Marxian political economy, institutionalist economics, ecological economics and neoclassical economics) and from different disciplines (such as economics, philosophy and political science). The Handbook delineates the social provisioning methodology and highlights its insights for the development of feminist economics. The contributors are a diverse mix of established and rising scholars of feminist economics from around the globe who skilfully frame the current state and future direction of feminist economic scholarship. This carefully crafted volume will be an essential resource for researchers and instructors of feminist economics.

Contemporary Issues in Heterodox Economics - Implications for Theory and Policy Action (Paperback): Arturo Hermann, Simon Mouatt Contemporary Issues in Heterodox Economics - Implications for Theory and Policy Action (Paperback)
Arturo Hermann, Simon Mouatt
R1,452 Discovery Miles 14 520 Ships in 9 - 15 working days

Heterodox economics can provide a more complete and robust explanation of economic realities than orthodox (or mainstream) economics. Contemporary Issues in Heterodox Economics: Implications for Theory and Policy Action argues that this greater explanatory power gives heterodox economics the ability to illuminate appropriate policy for the major crises of our time, as well as proffer the basis for a more rounded, pluralist approach to economic theory. The chapters in this wide-ranging volume address some of the key issues facing the global economy, including the growing disparity of income/wealth between persons and economic areas, environmental degradation, issues associated with employment, and the regularity of economic/financial crises. The authors examine potential policy responses such as modern monetary theory, models of public ownership, and the need to move beyond standard concepts of growth. They also explore the deficiencies of orthodox economics, and contend that a more pluralist approach to economics is required in the public sphere, in academia, and in the classroom in order to help face the challenges of the twenty-first century. This book is invaluable reading for students and scholars across the social sciences who are interested in alternatives to mainstream economic thinking.

Intelligent Transport Systems - Cases and Policies (Hardcover, Illustrated edition): Roger R. Stough Intelligent Transport Systems - Cases and Policies (Hardcover, Illustrated edition)
Roger R. Stough
R2,998 Discovery Miles 29 980 Ships in 12 - 17 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 Austrian School - Market Order and Entrepreneurial Creativity (Paperback): Jesus Huerta De Soto The Austrian School - Market Order and Entrepreneurial Creativity (Paperback)
Jesus Huerta De Soto
R1,105 Discovery Miles 11 050 Ships in 12 - 17 working days

The Austrian School forms a concise but comprehensive exposition of the main tenets of the modern Austrian School of Economics while also providing a detailed explanation of the differences between the Austrian and the neoclassical (including the Chicago School) approaches to economics. The book also includes: * reviews of the contributions of the main Austrian economists, critical analysis of the major objections to Austrian economics and an evaluation of its likely future development * complete exposition on the concepts and implications of entrepreneurship and dynamic competition * a new concept of dynamic efficiency (as an alternative to the standard Paretian criterion) and a generalised definition of socialism (as a systematic aggression against entrepreneurship) * evaluation of the role of Spanish Scholastics of the 16th century as forerunners of the Austrian School, as well as the influence and contributions of the main Austrian Scholars of the 19th and 20th centuries. This book will most notably appeal to Austrian economists but also to other free market economists as well as researchers and academics of economic methodology, the history of economic thought, institutional economics and comparative economic systems.

Advanced Introduction to Bounded Rationality (Hardcover): Clement A. Tisdell Advanced Introduction to Bounded Rationality (Hardcover)
Clement A. Tisdell
R2,576 Discovery Miles 25 760 Ships in 12 - 17 working days

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Offering an engaging overview of the concepts of bounded rationality and their applications, this stimulating Advanced Introduction engages with the topic in a constructively critical manner to introduce new ideas. Chapters cover key topics including: optimally imperfect decisions; ecological rationality; the role of bounded rationality in evolutionary economics; satisficing as a response to bounded rationality; desirable types of economic decisions; the relational exercise of foresight; and the impact of bounded rationality on the efficiency of organizations. Key Features: Demonstrates the progress made in the field over the last century Presents a unique, succinct and useful coverage of the core issues in the topic Outlines different concepts of rationality and specifies factors that result in limited rationality Postgraduate and advanced undergraduate economics and business management students will find this a stimulating read. The easy-to-follow exposition of the topic and careful use of diagrams will also make this an interesting book for decision makers, business managers and policy makers who have studied economics or business administration.

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
R3,478 Discovery Miles 34 780 Ships in 12 - 17 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.

Marshall, Marshallians and Industrial Economics (Paperback): Tiziano Raffaelli, Tamotsu Nishizawa, Simon Cook Marshall, Marshallians and Industrial Economics (Paperback)
Tiziano Raffaelli, Tamotsu Nishizawa, Simon Cook
R1,547 Discovery Miles 15 470 Ships in 12 - 17 working days

The four sections of the book deal in succession with Marshall's key ideas on the subject, the wider context of his thought in which they are to be read, their later development by some of his pupils, and their revival in contemporary economics. The first and last sections work together to illustrate the evolutionary focus of Marshall's research program and to identify its affinity with modern industrial economics; the second explicates the social assumptions within which the Marshallian paradigm was embedded, in particular those relating to the various relationships that exist between individuals and wider groups; while the third traces the development of Marshall's views by some of his pupils.

Value, Exploitation and Class (Paperback): J. Roemer Value, Exploitation and Class (Paperback)
J. Roemer
R1,453 Discovery Miles 14 530 Ships in 12 - 17 working days

John E. Roemer, one of the founders of analytical Marxism, draws on contemporary mathematical economics to put forward a refined extension of the Marxian theory of exploitation, labour value and class.

Technological Revolutions and Financial Capital - The Dynamics of Bubbles and Golden Ages (Paperback): Carlota Perez Technological Revolutions and Financial Capital - The Dynamics of Bubbles and Golden Ages (Paperback)
Carlota Perez
R1,026 Discovery Miles 10 260 Ships in 12 - 17 working days

Technological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way. Carlota Perez draws upon Schumpeter's theories of the clustering of innovations to explain why each technological revolution gives rise to a paradigm shift and a 'New Economy' and how these 'opportunity explosions', focused on specific industries, also lead to the recurrence of financial bubbles and crises. These findings are illustrated with examples from the past two centuries: the industrial revolution, the age of steam and railways, the age of steel and electricity, the emergence of mass production and automobiles, and the current information revolution/knowledge society. By analyzing the changing relationship between finance capital and production capital during the emergence, diffusion and assimilation of new technologies throughout the global economic system, this seminal book sheds new light on some of the most pressing economic problems of today. A bold interpretation of how the changing relationship between technological advances and financial capital shapes the patterns of economic cycles, this path-breaking book will provide essential insights for business leaders, policymakers, academics and others concerned with managing change in the world economy.

Early Economic Thought in Spain, 1177-1740 (Routledge Revivals) (Paperback): Marjorie Grice-Hutchinson Early Economic Thought in Spain, 1177-1740 (Routledge Revivals) (Paperback)
Marjorie Grice-Hutchinson
R1,260 Discovery Miles 12 600 Ships in 12 - 17 working days

The growth of serious interest during the last fifty years in the scholastic contribution to the development of economic thought has been very marked, and no-where more so than in the history of economic thought in Spain. First published in 1978, this book begins in the Middle Ages and traces the effect on business practice and on thought of the presence of the Christian, Islamic and Jewish communities who lived side by side in the Peninsula. It shows how the economics of Plato and Aristotle were transmitted by way of Toledo to the Latin West. In the second half of the book the author considers 'Salamancan' ideas and the views of the political economists and 'projectors' who preceded the Enlightenment. At the same time she surveys the present state of the subject and offers bibliographical guidance for the reader.

Lying for Money - How Legendary Frauds Reveal the Workings of the World (Paperback): Dan Davies Lying for Money - How Legendary Frauds Reveal the Workings of the World (Paperback)
Dan Davies
R494 R374 Discovery Miles 3 740 Save R120 (24%) Ships in 10 - 15 working days
Making the Environment Count - Selected Essays of Alan Randall (Hardcover, illustrated edition): Alan Randall Making the Environment Count - Selected Essays of Alan Randall (Hardcover, illustrated edition)
Alan Randall
R3,184 Discovery Miles 31 840 Ships in 12 - 17 working days

Making the Environment Count brings together, in one accessible volume, an outstanding selection of Alan Randall's essays published over the past 30 years. It explores ideas on making the environment count from a conceptual perspective and addresses a range of topics pertinent to the study of environmental economics including: the limits of markets in reflecting environmental quality, and the implications of this for policy and institutional design cost-benefit analysis, with emphasis on its welfare-theoretic foundations, and its ability to reflect the public's demand for environmental quality conservation, biodiversity and sustainability developments in methodology the ethical foundations of public policy conceptual foundations of empirical methods of valuing the environment By improving access to Alan Randall's many important contributions, this volume makes a significant addition to the literature and will be welcomed by environmental economists.

Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics (Hardcover): Hassan Bougrine,... Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics (Hardcover)
Hassan Bougrine, Louis-Philippe Rochon
R3,662 Discovery Miles 36 620 Ships in 12 - 17 working days

Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity. Students and professors of economics, policymakers interested in alternative policies, academics and scholars in all fields will benefit from the explorations therein and would do well to seek out the companion publication, Credit, Money and Crises in Post-Keynesian Economics, also published by Edward Elgar Publishing. Contributors include: P. Arestis, R.A. Blecker, S. Cesaratto, O. Costantini, J.J. da Silveira, M. Dufour, A.K. Dutt, G. Epstein, G. Fujii-Gambero, M. Garcia-Ramos, J. Halevi-Haifa, G.C. Harcourt, E. Hein, E. Kam, J.E. King, P. Kriesler, G.T. Lima, J.A. Montecino, T.I. Palley, F.J. Prante, M. Sawyer, M. Setterfield, J. Smithin, J. Stanford, S. Storm

Morality and Justice in Islamic Economics and Finance (Hardcover): Muhammad Umer Chapra Morality and Justice in Islamic Economics and Finance (Hardcover)
Muhammad Umer Chapra
R3,155 Discovery Miles 31 550 Ships in 12 - 17 working days

Mankind is faced with a number of serious problems that demand an effective solution. The prevalence of injustice and the frequency of financial crises are two of the most serious of these problems. Consisting of an in-depth introduction along with a selection of eight of Muhammad Umer Chapra's essays - four on Islamic economics and four on Islamic finance - this timely book raises the question of what can be done to not only minimize the frequency and severity of the financial crises, but also make the financial system more equitable.The author considers the origins of Islamic economics and outlines its development and underlying principles. He compares the approach taken to ethics and economics in Islam with that taken in the West, considering whether lessons can be applied to the global financial architecture in order to mitigate against financial crises. The book also examines the case against interest and looks at both innovation in Islamic finance, as well as challenges facing the industry. Written by a leading authority in the field, this book will be a stimulating resource for students and researchers in Islamic economics and finance, as well as providing valuable insight to all of those with an interest in financial systems and their interaction with society. Contents: Preface Introduction Part I Islamic Economics 1. Is it Necessary to Have Islamic Economics? 2. Islamic Economics: What it is and How it Developed 3. Ethics and Economics: The Islamic Imperative 4. Ibn Khaldun's Theory of Development: Does it Help Explain the Low Performance of the Present Day Muslim World? Part II Islamic Finance 5. The Case Against Interest: Is it Compelling? 6. Innovation and Authenticity in Islamic Finance 7. Challenges Facing the Islamic Financial Industry 8. The Global Financial Crisis: Some Suggestions for Reform of the Global Financial System in the Light of Islamic Finance Index

Market Detachment - Breaking Social Ties in Economic Settings (Hardcover): Helene Brembeck, Franck Cochoy, Gay Hawkins Market Detachment - Breaking Social Ties in Economic Settings (Hardcover)
Helene Brembeck, Franck Cochoy, Gay Hawkins
R3,828 Discovery Miles 38 280 Ships in 9 - 15 working days

While the dynamics of market attachments have been extensively analyzed, the implied other to this - market detachments - have not. This book addresses this imbalance and investigates economies of detachment or the processes whereby various elements or relations in markets are removed or severed. Market organizations and dynamics involve myriad processes of attachment - good and bad. Recent work within the new economic sociology has documented how the arts of attachment are implicated in the technical, organizational and social functions of markets. This work highlights the complexities of market attachments as both material links and subjective or affective ties. It also foregrounds attachment as a variable relation, often dependent on its implied other: detachment. However, while the first term of this relation is relatively well known, the second is seriously under-researched and deserves far more attention. Key questions explored are: what is detachment; how does it work and what are the theoretical underpinnings and implications of this concept? How do practices and strategies of detachment configure and 're-agence' markets? How do markets provoke attitudes and dispositions of detachment? How do detachment strategies become qualified as political and with what consequences? The authors in this unique collection explore these questions using an array of empirical cases ranging from fast fashion to food supply chains, energy savings schemes to unpackaged food. Working across economic sociology, science and technology studies (STS), cultural studies, politics and consumer research they highlight the complexities, significance and impacts of 'letting go' in market configurations. The chapters in this book were originally published as a special issue of the journal, Consumption, Markets & Culture.

The Value Dimension (Routledge Revivals) - Marx versus Ricardo and Sraffa (Hardcover): Ben Fine The Value Dimension (Routledge Revivals) - Marx versus Ricardo and Sraffa (Hardcover)
Ben Fine
R4,212 Discovery Miles 42 120 Ships in 12 - 17 working days

The essays in this edited collection, first published in 1986, focus on important debates surrounding the central Marxian problem of the transformation of values into prices. The collection brings together major contributions on the value theory debate from the decade prior to the book's publication, and assesses the debate's significance for wider issues. Value theory emerges as much more than a technical relation between labour time and prices, and the structure of the capitalist economy is scrutinised. This is a relevant and comprehensive work, valuable to students, academics and professionals with an interest in political and Marxist economy.

Markets with Limits - How the Commodification of Academia Derails Debate (Paperback): James Stacey Taylor Markets with Limits - How the Commodification of Academia Derails Debate (Paperback)
James Stacey Taylor
R1,128 Discovery Miles 11 280 Ships in 9 - 15 working days

In Markets with Limits James Stacey Taylor argues that current debates over the moral limits of markets have derailed. He argues that they focus on a market-critical position that almost nobody holds: That certain goods and services can be freely given away but should never be bought or sold. And he argues that they focus on a type of argument for this position that there is reason to believe that nobody holds: That trade in certain goods or services is wrongful solely because of what it would communicate. Taylor puts the debates over the moral limits of markets back on track. He develops a taxonomy of the positions that are actually held by critics of markets, and clarifies the role played in current moral and political philosophy by arguments that justify (or condemn) certain actions owing in part to what they communicate. Taylor argues that the debates have derailed because they were conducted in accord with market, rather than academic, norms-and that this demonstrates that market thinking should not govern academic research. Markets with Limits concludes with suggestions as to how to encourage academics to conduct research in accord with academic norms and hence improve its quality. Key features Provides original suggestions concerning how to improve the exegetical quality of academic research Systematically identifies the primary exegetical errors-and the ways in which these errors have adversely influenced current debates-that Jason Brennan and Peter Jaworski made in their influential book, Markets Without Limits Argues that despite the current, widespread view that semiotic objections to markets are widespread in the literature, they are in actuality rare to nonexistent Offers an up-to-date taxonomy of the current arguments in the various debates over both the ontological and the moral limits of markets Provides an extensive overview of mistaken claims that have been made and propagated in various academic literatures

The Economic Theory of Professional Team Sports - An Analytical Treatment - Second Edition (Paperback, 2nd edition): Stefan... The Economic Theory of Professional Team Sports - An Analytical Treatment - Second Edition (Paperback, 2nd edition)
Stefan Kesenne
R1,004 Discovery Miles 10 040 Ships in 12 - 17 working days

Stefan Kesenne's work has added a new dimension to the literature by bringing a European perspective to the analysis of professional sports leagues. This text sets out his research programme in a clear and accessible manner. His work is profoundly influential in the sports literature and the lessons of this book need to be understood by all those interested in policies and practices of sports leagues.' - Stefan Szymanski, Cass Business School, UK'Stefan Kesenne is one of the most innovative, clear-headed sports economists writing today. With this book, he has provided a thoughtful, accessible exegesis of the extant literature on the economic theory of team sports leagues. There is no book like this currently available. It will serve as an excellent text for advanced undergraduate and graduate courses in sports economics. I heartily recommend it.' - Andrew Zimbalist, Smith College, US This revised and updated edition of a classic text offer the most comprehensive and rigorous analytical treatment of the theory of professional team sports presently available. It will be required reading for advanced undergraduate and graduate students in sports economics. Stefan Kesenne elucidates the subject in a clear and accessible manner, addressing many of the most pertinent issues including: - The peculiar economics of professional team sports - Sports product market - Player labor market - Product and labor market equilibrium - Restrictions on player mobility - Revenue sharing - Salary caps This second edition of The Economic Theory of Professional Team Sports also includes student exercises at the end of each chapter and a useful bibliography of further reading. Contents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Answers to Exercises References and Selected Bibliography Index

Marxism and the Global Financial Crisis (Paperback): Hillel Ticktin Marxism and the Global Financial Crisis (Paperback)
Hillel Ticktin
R1,348 Discovery Miles 13 480 Ships in 12 - 17 working days

The book discusses the nature of Marxist theory of crisis and applies it to the global financial crisis which began in 2007. Is the contemporary crisis simply the usual periodic upturn and downturn or is there something more fundamental? Is there a structural crisis of capitalism, from which there is no immediate solution? Is capitalism managed and does it have a strategy? Is the financial crisis representative of a failure in capitalism itself to subject banks and other financial institutions to the overall economy? The book discusses Marx's view on crises, as well as ideas on money and finance. It considers the different modern Marxist ideas on the causes of crises - falling rate of profit, disproportionality and underconsumption. It goes into detail as to the nature of the present crisis, its course and causes in a spirited and independent manner. Apart from the United States, it considers the situation in the two countries, in which protests erupted: Iran and Greece. They are taken as examples of the effect of the crisis on the country, the society and the economy as well as its politics. This book was originally published as a special issue of Critique.

Fifty Major Economists (Hardcover, 3rd edition): Steven Pressman Fifty Major Economists (Hardcover, 3rd edition)
Steven Pressman
R4,059 Discovery Miles 40 590 Ships in 12 - 17 working days

An introduction to the life, work and ideas of the people who have shaped the economic landscape from the sixteenth century to the present day. Now in a third edition, it considers how major economists might have viewed challenges such as the continuing economic slump, high unemployment and the sovereign debt problems which face the world today, it includes entries on: * Paul Krugman * Hyman Minsky * John Maynard Keynes * Adam Smith * Irving Fisher * James Buchanan Fifty Major Economists contains brief biographical information on each featured economist and an explanation of their major contributions to economics, along with simple illustrations of their ideas. With reference to the recent work of living economists, guides to the best of recent scholarship and a glossary of terms, Fifty Major Economists is an ideal resource for students of economics. Steven Pressman is Professor of Economics and Finance at Monmouth University. He has published around 120 articles in refereed journals and as book chapters, and has authored, or edited 13 books, including Women in the Age of Economic Transformation, Economics and Its Discontents, Alternative Theories of the State, and Leading Contemporary Economists.

A Bibliography of Female Economic Thought up to 1940 (Paperback): Kirsten Madden, Michele Pujol, Janet Seiz A Bibliography of Female Economic Thought up to 1940 (Paperback)
Kirsten Madden, Michele Pujol, Janet Seiz
R1,666 Discovery Miles 16 660 Ships in 12 - 17 working days

Contributions to female economic thought have come from prolific scholars, leading social reformers, economic journalists and government officials along with many other women who contributed only one or two works to the field. It is perhaps for this reason that a comprehensive bibliographic collection has failed to appear, until now. This innovative book brings together the most comprehensive collection to date of references to women's economic writing from the 1770s to 1940. It includes thousands of contributions from more than 1,700 women from the UK, the US and many other countries. This bibliography is an important reference work for systematic inquiry into questions of gender and the history of economic thought. This volume is a valuable resource and will interest researchers on women's contributions to economic thought, the sociology of economics, and the lives of female social scientists and activist-authors. With a comprehensive editorial introduction, it fills a long-standing gap and will be greeted warmly by scholars of the history of economic thought and those involved in feminist economics.

International Trade (Routledge Revivals) - An Application of Economic Theory (Hardcover): J. Hobson International Trade (Routledge Revivals) - An Application of Economic Theory (Hardcover)
J. Hobson
R4,209 Discovery Miles 42 090 Ships in 12 - 17 working days

First published in 1904, this important economic work explores some of the leading principles underlining the development of international trade. Hobson offered a departure from the conventional treatment of international trade in economic theory, simplifying concepts of free trade, exchange and tariffs and considering the practical application of theory in a manner accessible to the reader.

Business Cycles - Part I (Hardcover): F.A. Hayek Business Cycles - Part I (Hardcover)
F.A. Hayek; Edited by Hansjoerg Klausinger
R4,221 Discovery Miles 42 210 Ships in 12 - 17 working days

In the years following its publication, F. A. Hayek's pioneering work on business cycles was regarded as an important challenge to what was later known as Keynesian macroeconomics. Today, as debates rage on over the monetary origins of the current economic and financial crisis, economists are once again paying heed to Hayek's thoughts on the repercussions of excessive central bank interventions. The latest editions in Routledge's ongoing series The Collected Works of F. A. Hayek, these volumes bring together Hayek's work on what causes periods of boom and bust in the economy. Moving away from the classical emphasis on equilibrium, Hayek demonstrates that business cycles are generated by the adaptation of the structure of production to changes in relative demand. Thus, when central banks artificially lower interest rates, the result is a misallocation of capital and the creation of asset bubbles and additional instability. Business Cycles: Part I contains Hayek's two major monographs on the topic: Monetary Theory and the Trade Cycle and Prices and Production. Reproducing the text of the original 1933 translation of the former, this edition also draws on the original German, as well as more recent translations. For Prices and Production, a variorum edition is presented, incorporating the 1931 first edition and its 1935 revision. Business Cycles: Part II assembles a series of Hayek's shorter papers on the topic, ranging from the 1920s to 1981. In addition to bringing together Hayek's work on the evolution of business cycles, the two volumes of Business Cycles also include extensive introductions by Hansjoerg Klausinger, placing the writings in intellectual context, including their reception and the theoretical debates to which they contributed, and providing background on the evolution of Hayek's thought.

The Cognitive Mechanics of Economic Development and Institutional Change (Paperback): Bertin Martens The Cognitive Mechanics of Economic Development and Institutional Change (Paperback)
Bertin Martens
R654 Discovery Miles 6 540 Ships in 12 - 17 working days

This book seeks to explain long-term economic development and institutional change in terms of the cognitive features of human learning and communication processes. Martens links individual cognitive processes to macroeconomic growth theories, including economies of scale and scope, and to theories of institutional development based on asymmetric information in production processes and economies of scale in enforcement technology. With considerable flair, Bertin Martens has applied the hot new area of psychological and behavioural economics to notions of growth and development and has created a unique and impressive volume.

Economics, Economists and Expectations - From Microfoundations to Macroapplications (Paperback): William Darity, Robert Leeson,... Economics, Economists and Expectations - From Microfoundations to Macroapplications (Paperback)
William Darity, Robert Leeson, Warren Young
R1,523 Discovery Miles 15 230 Ships in 12 - 17 working days

The concept of rational expectations has played a hugely important role in economics over the years. Dealing with the origins and development of modern approaches to expectations in micro and macroeconomics, this book makes use of primary sources and previously unpublished material from such figures as Hicks, Hawtrey and Hart. The accounts of the 'founding fathers' of the models themselves are also presented here for the first time. The authors trace the development of different approaches to expectations from the likes of Hayek, Morgenstern, and Coase right up to more modern theorists such as Friedman, Patinkin, Phelps and Lucas. The startling conclusion that there was no 'Rational Expectations Revolution' is articulated, supported and defended with impressive clarity and authority. A necessity for economists across the world, this book will deserve its place upon many an academic bookshelf.

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