a landmark in the contemporary approach to economics"The Observer "it is as good a book as its most obvious predecessors in the genre: Smith's Wealth of Nations and Marshall's Industry and the Trade"Times Educational Supplement Setting out the problems to be solved if mankind is to be freed from poverty, Theory of Economic Growth embraces the disciplines of economics, history, sociology, politics and anthropology in its coverage. Focussing on output and growth (rather than distribution and consumption) the book discusses economic institutions, knowledge, capital, population, resources and government, and their role in the growth of output per head of population.

Business is a necessary evil that the moral leaders of mankind have tolerated but never condoned. At no time did they view with favor the pursuit of material gain. The Old Testament prophets proclaimed against the rapacity of the rich. Jesus scorned the money lenders. Luther had no kind words to say to the wealthy, nor did Calvin indulge the new bourgeoisie." Thus begins this first book-length study of social philosopher and political economist Adam Smith's "The Wealth of Nations."
Adam Smith (1723-1790) was a Scottish-born thinker who served as both professor of logic and professor of moral philosophy at Glasgow University. While the publication of his philosophic treatise "The Theory of Moral Sentiments" at age thirty-six gave Smith fame, "The Wealth of Nations," published in 1776, has established his lasting reputation. Recognized in its own day as an important and compassionate examination of economics, the book was praised by Thomas Jefferson for its contribution to the field of economics. Smith wrote "The Wealth of Nations" for several reasons. He was disgusted with the business methods practiced by merchants and manufacturers, and he was concerned with improving the well-being of society.
Reflecting his own concerns about the contribution economics could make to the betterment of society, Eli Ginzberg published this study of Smith's humanitarian views on commerce, industrialism, and labor. Written for his doctoral degree at Columbia University, and published as "The House of Adam Smith," the book is divided into two parts. The first part reconstructs and interprets Smith's classic "The Wealth of Nations," while the second part examines Smith as the patron saint and prophet of the successes of nineteenth-century capitalism.
"Adam Smith and the Founding of Market of Economics" is a fascinating study, and contributes significantly to our understanding of capitalism, free trade, the division of management and labor, and the history of world economics in the nineteenth century. It republication, with a new introduction by the author, will be valued by economists, political historians, students of philosophy, and policymakers.
Eli Ginzberg is A. Barton Hepburn Professor Emeritus at the Graduate School of Business and director of the Eisenhower Center for the Conservation of Human Resources at Columbia University. His work in social policy, health care, human resources, and the special needs of the poor, young and aged place Ginzberg in a special category: activist scholar rather than academic-turned-activist. He has been the subject of several "festschriften," most recently "Eli Ginzberg: The Economist as a Public Intellectual," and he is the author of numerous books, including several from the same period as this book, "New Deal Days: 1933-1934" and "A World Without Work: The Study of the Welsh Miners," both published by Transaction.

Reissue from the classic Muirhead Library of Philosophy series (originally published between 1890s - 1970s).

Discussing the problems arising from a mixed economy, "Principles of Economic Planning" argues for a system of controls that combine and encourage the best features of laissez faire and state planning. Chapters covering the following are included: money; investment; foreign trade; mobility; the social control of business; and nationalization. Appendices on economic union and planning in developing countries are also included.

Investigating the process of agrarian change, this book analyzes costs and productivity under the main systems of primitive agriculture. The conclusion is that technical, economic and social changes are unlikely to take place within primitive agriculture unless the rural community concerned is exposed to the pressure of population growth: a conclusion that is in sharp contrast to generally accepted ideas. The themes in the book are central to the discussion of the problems of population explosion and the world's undernourished peoples.

For many years a neglected figure, Nikolai Bukharin has recently been the subject of renewed interest in the West. Now regarded as a leading Marxist theorist, Bukharin's work has wide appeal to those interested in Soviet history and Marxist economics as well as to those concerned with theories of development and socialist economies.

This textbook includes material on the general survey on the theory of taxation, other forms of public revenue, public expenditure and public debts. There are chapters on modern theories of budgetary policy and the controversial cheap money policy, pursued by the author when he was in charge of the British Treasury from 1945-1947.

Social Economics holds a place in the literature of the Austrian School such as John Stuart Mill's Political Economy holds in the literature of classical theory. It sums up, systematises and extends the doctrines developed by the founder of the school, the author and his fellow workers.

Arguing that the disciplines of economics and sociology are inter-related and vitally important to each other, this work discusses major issues such as the effects of urbanization, population growth, and the growth of various forms of nationalism from both economic and socio-political viewpoints. In addition the significance and limits of pure economics are examined, as are the sociological factors in modern economic theory, as well as power and economic law.

The Role of Money examines the mystery of money in its social aspect and illustrates what money now is, what is does and what it should do. The standpoint from which the book is written is that of the public. The significance of the 'money-power' of the state to issue money has been recently recognized by historians. Its key position in shaping the course of world events is here explained. Included are: * Chapters on the philosophic background * The theory of money - Virtual Wealth * The Evolution of Modern Money * International Economic Relations * Debts and Debt Redemption

Contents:
1. The Consuming Society 2. Consumption Patterns 2.1 The core dimension 2.2 The growing trend in consumption patterns 3. Making of the Consumer 3.1 A common history of consumption and gender 3.2 The market and the public and private domains 4. Consumption in Modern Society 4.1 Need and wants: the classical model 4.2 Classical models of consumption 4.3 Deviations from the classical model 5. The Social Construction of Consumption Patterns in Modern Society 5.1 The structure of choice 5.2 Modern society 5.3 Economic hanges and growth of consumption 5.4 Modernity, materialism and industrialism 5.5 Consumption in capitalist market economies 5.6 The shapers of American consumption patterns 6. (Post)Modernity and Consumption 6.1 The waning modernity 6.2 Postmodernism and postmodernity 7. Postmodern Consumption 7.1 Consumption pattern changes in the transition period 7.2 Paradoxes of the transition period 7.3 Consumption in the postmodern era 7.4 Modern and postmodern consumption experiences 8. Global Consumption 8.1 The consumption connection 8.2 Global glue of consumption 8.3 Globalization of fragmentation 8.4 Culture consumed 8.5 Consumption, globalization and development 9. Consuming People 9.1 Modernity's legacy 9.2 Consumption and identity 9.3 From grand projects to incremental action 9.4 Consumption politics 9.5 Consumers as grassroots political force 10. The New Theater of Consumption 10.1 The ascent of consumption 10.2 Modern social formation 10.3 Erosion of the nation state 10.4 Fluid identity 10.5 Redefinitions of freedom 10.6 Modernity's last straws? 10.7 New possibilities 10.8 Theaters of consumption

This book is a collection of papers on the origins of economic thought discovered in the writings of some prominent Islamic scholars, during the five centuries prior to the Latin Scholastics, who include St. Thomas Aquinas. This period of time was labelled by Joseph Schumpeter as representing the 'great gap' in economic history. Unfortunately, this 'gap' is well embedded in most relevant literature. However, during this period the Islamic civilisation was one of the most fertile grounds for intellectual developments in various disciplines, including economics, and this book attempts to fill that blind-spot in the history of economic thought.

This book reflects Robert Dorfman's important contributions to the analysis of economic theory and public decision making during the last forty years.The central concern of much of Professor Dorfman's career has been social decisions: how to reach them and how to judge them. This has meant that he has worked in a wide range of areas within economics including statistics, economic theory, natural resource and environmental economics, social decisions and the history of economic thought. In more recent papers he has challenged the traditional concepts relating to the maximisation of social welfare. This outstanding collection of essays is a true reflection of the diversity of Robert Dorfman's interests and the depth of his economic knowledge. It will appeal to academics and students interested in economic theory, public sector economics and environmental economics and to historians of economic thought.

In feudal society, it was the few at the top who laid the ground for what was produced, how it was produced and how it was distributed. Freedom was restricted, and people were kept in their place by institutional structures. In capitalism, the focus is on free markets, free trade, and a personal freedom, where self-interest is assumed to lead to progress for the collective good. In today’s world, there is a move towards algorithmic capitalism at the micro-level, platform capitalism at the meso-level, and feudal capitalism at the macro-level. This is the new and innovative concept developed in this book. The author argues that feudal capitalism is distinct but linked to the innovation economy, and represents an interconnection between the organization of feudal society and central aspects of capitalism. Additionally, he asserts that the balance between feudal capitalism and a reinvented, sustainable capitalism based on the innovation economy, can help restore the moral compass lost in the evolution of global capitalism. The key argument of the book is that even if we see a development towards feudal capitalism, a more just and moral capitalism can be restored through various social mechanisms such as changes in the institutional framework, the development of a balanced form of globalization and re-establishing social cohesion and equality of opportunity. Further, the book offers policy interventions to support this idea. The book will find an audience among scholars and researchers of political economy, political theory, economic history, management, AI and ethics, philosophy and automation, inequality and equality of opportunity

Economic interpretations of history are irrevocably identified with the name of Charles A. Beard. This is mainly due to his early book "An Economic Interpretation of the Constitution of the United States" (1913). Yet, in Beard's later work, "The Economic Basis of Politics" (1922), he articulates the main principles of his method and argues for its applicability to understanding of current events. In this brief survey of Western political philosophy and contemporary constitutional arrangements, Beard concludes that it is well established doctrine that "there is a vital relation between the forms of state and the distribution of property, revolutions in the state being usually the results of contests over property." In advancing this axiom, Beard responds to charges that he was a "Marxist" by constructing an interpretation of Western political philosophy and history that draws a firm distinction between his economic interpretation of history and Marx's historical materialism. Beard traces the origins of his own method to the works of Aristotle, Machiavelli, Harrington, Locke, and Montesquieu. This view of political theory and political theorists stands in sharp contrast to the view prevailing among many contemporary political philosophers, who insist that political theory must somehow transcend history and rise above ordinary politics to count as theory. Beard's observations on the nature and tradition of Western political philosophy provide an entrue into New World political thought, which many academic political philosophers have long regarded as something less than "political theory." In contrast, Beard regards the development and application of the method of economic interpretation to be the greatest contribution of American political thought to the tradition of Western political theory. In his surveys of thinkers such as Madison, Webster, and Calhoun, Beard links American political thought to the Western tradition of economic interpretation, which undergirds both "liberalism" and "republicanism." The present-day relevance of this important volume will be evident to all social scientists. Charles A. Beard (1874-1948) taught at Columbia University, then resigned to become a founder of The New School for Social Research. Among his many works are "Development of Modern Europe, Economic Origins of Jeffersonian Democracy, The Rise of American Civilization," and "President Roosevelt and the Coming of the War." Clyde W. Barrow is professor of political science and director of the Center for Policy Analysis at the University of Massachusetts at Dartmouth. He is the author of "More than a Historian: The Political and Economic Thought of Charles A. Beard," published by Transaction.

A comprehensive exposition of rational expectations models is provided here, working up from simple univariate models to more sophisticated multivariate and non-linear models.

Examines policy design when the policy maker in imperfectly informed, focusing on cases where the regulated firm possesses better information about its technology than the regulator.

This section reflects the diversity of Marx's legacy in economics, including titles which have had a major impact in the development of the new analytical Marxism.

By exploring the strengths and weaknesses of a Marxist approach to economic development, this book presents a balanced treatment of development issues within the area of 'rational choice Marxism'

Leading scholars in the field of law and economics contribute their original theoretical and empirical research to this major Handbook. Each chapter analyzes the basic architecture and important features of the institutions of property law from an economic point of view, while also providing an introduction to the issues and literature.Property rights and property systems vary along a large number of dimensions, and economics has proven very conducive to analyzing these patterns and even the nature of property itself. The contributions found here lend fresh perspectives to the current body of literature, examining topics including: initial acquisition; the commons, anticommons, and semicommons; intellectual property; public rights; abandonment and destruction; standardization of property; property and firms; marital property; bankruptcy as property; titling systems; land surveying; covenants; nuisance; the political economy of property; and takings. The contributors employ a variety of methods and perspectives, demonstrating the fruitfulness of economic modeling, empirical methods, and institutional analysis for the study of both new and familiar problems in property. Legal scholars, economists, and other social scientists interested in property will find this Handbook an often-referenced addition to their libraries.

This outstanding collection spanning three decades comprises a superb selection of Charles R. Plott's work in experimental economics. Market Institutions and Price Discovery contains papers which define problems, create laboratory methodology and produce the first results in many areas of experimental economics. Primarily, the volume attempts to explain what is learned from applications of experimental methods, using examples taken from the first stages of the early experimental literature. It goes on to include the first applications of newly developed laboratory methods to matters of national policy, and progresses to examine institutions such as the posted price and to other more complex institutions including opportunities for conspiracy. The focus then shifts to explore the process through which markets find a price, and then discusses the double auction which has enabled experiments to be used to study more complex environments than the single market experiments that existed formerly. The principles of stability are then used in an attempt to learn more about the dynamics of how markets adjust. This pathbreaking volume will be of enormous interest to academics, scholars and researchers involved in experimental economics, the methodology of economics, political theory, and political economy.

Contents:
1. Arestis, Desai and Dow On Chick's Life as an Academic
2. Claudio Sardoni On the Microeconomic Foundations of Macroeconomics: a Keynesian Perspective
3. Meghnad Desai The Nature of Equilibrium in Keynes's General Theory
4. Maria Cristina Marcuzzo From the Fundamental Equations to Effective Demand: 'Natural Evolution' or 'Change of View'?
5. Alexander C. Dow and Sheila C. Dow The Relevance of Historical Experience for Economics
6. Geoffrey M. Hodgson General Theorising versus Historical Specificity: a Problem for Post Keynesians
7. Roy J. Rotheim Timeful Theories, Timeful Theorists
8. Tony Lawson Mathematical Formalism in Economics: What Really is the Problem?
9. Jan Toporowski Mathematics as Natural Law: an Epistemological Critique of Formalism in Economics
10. Giuseppe Fontana and Bill Gerrard The Encompassing Principle as an Emerging Methodology for Post Keynesian Economics
11. Athol Fitzgibbons A Note on Non-Walrasian Macroeconomics
12. Suzanne W. Helburn Marshall and Keynes on Rational (Ethical) Economic Man
13. B. J. Loasby Cognition and Co-ordination
14. Donald Gillies and Grazia Ietto-Gillies Keynes's Notion of Causa Causans and its Application to the Globalization Process
15. Fabiana Santos and Marco Crocco Technology and the Need for an Aternative View of the Firm in Post Keynesian Theory
16. Ian Steedman Consumer Beliefs and a Possible Welfare 'Gain' from Monopoly
17. David Pearce The Political Economy of Economic growth and Environmental Protection
18. Carmen Aparecida Feijo Firms and Banks Interacting in a Monetary Production Economy
19. Adriana M. Amado The Regional Impact of the Internationalization of the Financial System: the Case of Mercosul
20. Jochen Runde Assessing Credit Worthiness and Small-Firm Bank Lending
21. P. A. Riach and J. Rich Women's Work or Work for Women?
22. Victoria Chick's Publications

Economist Sir John Hicks was the first British economist to win the Nobel Prize in Economic Science (1972) for his wide ranging contributions in general and his book Value and Capital in particular. Value and Capital showed that the basic results of consumer theory could be obtained from statistical usage; it expounded what became known as the "Hicksian substitution effect." K. Puttaswamaiah describes Hicks as a brilliant economist without whose effort present-day economies would not have grown in such dimension by now and Value and Capital as a work that revolutionized the science of economics. John Hicks is a unique collection of essays that examine Hicks through personal recollections as well as critiques and analyses of his work. For this very special volume, K. Puttaswamaiah has gathered 25 contributors. Some were friends, colleagues, and students of Hicks. All are eminent in their own areas of Hicks' work. Their articles depict various aspects of the economist's thought and personality, some depicting him in a new light. "My John Hicks," by Paul A. Samuelson identifies the landmarks in Hicks' life. Colin Simkin's "John and Ursula Hicks-A Personal Recollection" gives a vivid account of the economist's inner life. O.F. Hamouda's essay, "Hicks, A World Economist" presents a scholarly and comprehensive analysis of Hicks' economics. In "Hicks and Economic Theory," Frank Kahn sets out his own views on the major works of Hicks. Harald Hagerman distinguishes between the works of Hicks and Hayek in "Monetary Causes of the Business Cycles and Technological Changes: Hicks vs. Hayek." Axel Lejonhufvud presents a memoriam on the life and works of Hicks. The other authors have chosen different areas of Hicks' works-sometimes focusing on a single work and giving a vivid account of their own thoughts on the area chosen. This volume will interest economists and students who are concerned with Hicks' works in relation to earlier thinkers and present-day economic theory. K. Puttaswamaiah is the senior director, Planning Department, Government of Karnataka State, India. He has written or edited fourteen books. He is the founding editor of the Indian (now International) Journal of Applied Economics & Econometrics.

In this major book an internationally acclaimed group of scholars examines theoretical and applied topics of particular relevance to public choice analysis.Current Issues in Public Choice demonstrates the fruitfulness and originality of the Public Choice School. These twelve papers have been prepared by some of the most prominent scholars in economic science, including James M. Buchanan, Amartya K. Sen, Bruno S. Frey, Jon Elster, Geoffrey Brennan and Gordon Tullock. Specific areas covered include the foundations of public choice theory, its scope and method, constitutional economics, game theory, rent-seeking, the European Union, public finance and the theory of societal economics. The pioneering research, theory and analysis brought together in this volume will be widely and profitably used by economists, political scientists and public and social choice scholars seeking insight into fundamental theoretical issues and applied analyses on current affairs.

During our lifetime we experience any number of business cycle crises which undermine our confidence. We also experience the 'happy days' when our faith in the future becomes almost limitless, and where we forget that the tide will turn again. But why do we experience these business cycles? What creates them? Is it mass psychology or phenomena in the management of business? Are the banks to blame or should we looking to the unions and the politicians?
Lars Tvede's story moves back in time to the Scottish gambler and financial genius, John Law, and then on to the distracted Adam Smith, the stockbroker Ricardo, the investment banker Thornton, the extrovert Schumpeter, the speculator Jay Gould and many others. Gradually we reach the computer jugglers of the modern day, who, with their giant networks of equations, try to solve the same questions that have attracted the attention of classical economists throughout the centuries.
Throughout this volume, business cycle theories are used to explain actual events . We are told how theoretical thinking has reflected the economist's own experiences of hyper-inflations, depressions, speculation orgies and liquidity squeezes. The reader can follow the narrative to discover how economists often thought that problems had been solved until new data changed the economic picture once again.