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Books > Business & Economics > Economics > Economic theory & philosophy
This book is a thought-provoking study of the Palestine campaign fought by the British-led Egyptian Expeditionary Force (EEF) from 1917 to the withdrawal from Syria in 1919. The book also provides a reassessment of General Allenby's role as a forceful and mercurial commander in the events of this period.
This book presents a concept of interactive economic institutions and systems, considered by the author to be a bottleneck to scientific progress. In the author's evaluation of contemporary institutional economics, the focus is on the interaction of complex economic structures in terms of their coordination routines, emergent behavioural characteristics and also their economic performance. Differences of behaviour characteristics and economic performances are explained as consequences of differently structured coordination routines. The book demonstrates that complexity, rather than being part of the problem of institutional analysis, can be made part of the solution. Economic Institutions and Complexity will appeal to academics and researchers of New Institutional Economics, microeconomics, evolutionary economics, political science, organization sociology and behavioural science.
Capitalism is based on a false logic in which all facts and ideas are reduced to a consideration of their 'feasibility' within the capitalist system. Thus, all mainstream economic and political theories, including those such as Marxism which are supposed to offer an alternative vision, have been stunted and utopian ideas are completely side-lined. In order to constantly work out the feasible, you have to hang on to pseudo-factual concepts: nationalism; a constant drive for efficiency; the idea of nation/state; corporatism; managed markets; business ethics; governance etc. Capitalism is reduced to the management of the economy by states that fight each other and marvel at the independence of finance. All this, the book argues, is akin, intellectually, economically, politically, and unfortunately individually, to fascism. The Fascist Nature of Neoliberalism offers a brief, provocative analysis of this issue with special reference to the most visible executioners of its will: the much-misunderstood managerial class. This group simply happens to hold power, and hence visibility, but they do what everybody else does, and would do, all the time. This is because capitalism is an intellectual outlook that thoroughly directs individual actions through fascist and non-fascist repression. This book argues that the only way to escape capitalism is to recover individual intellectual and sentimental emancipation from capitalism itself in order to produce radical solutions. This volume is of great importance to those who study and are interested in political economy, economic theory and philosophy, as well as fascism and neoliberalism.
The book explores the evolution, through the first half of the 20th century, of the key neoclassical concept of rationality. The analysis begins with the development of modern decision theory, covers the interwar debates over the role of perfect foresight and analyses the first game-theoretic solution concepts of von Neumann and Nash. The author's proposition is that the notion of rationality suffered a profound transformation that reduced it to a formal property of consistency. Such a transformation paralleled that of neoclassical economics as a whole from a discipline dealing with real economic processes to one investigating issues of logical consistency between mathematical relationships. Modeling Rational Agents will be of great interest to scholars of the history of economic thought and method, as well as all those working in the field of game and decision theory.
Series: Resources for the Knowledge-Based Economy
Monty is a dog, not a financial genius, but economics still shapes his everyday life. Over the course of seventeen walks, Dr Rebecca Campbell chews over economic concepts and investigates how they apply to our lives - people and mutts alike. There are no graphs, no charts (Monty can't read them) and definitely no calculus! How to Teach Economics to Your Dog tackles the knotty question of what economics actually is. Is it a mathematical science like physics? Or a moral and philosophical investigation of how societies should manage scarce resources? Along the way we meet some of the great thinkers from Adam Smith to Thomas Piketty, and ponder questions such as: What on earth does quantitative easing mean? And why are some countries so much richer than others?
Economic analysis of the family is a recent, but already well-established area in economics. Economists have developed new methods to analyze decisions such as marriage, childbearing, divorce and the use of family resources. The economic approach has become crucial for design and understanding in many policy areas of current interest in modern societies, such as family, tax, social security and gender equality policies. The text bears evidence to the lively and relevant research in the area. The first part provides a picture of the state of the art of economics of the family as it relates to economic theory and economic modelling, examining the developments from common preference family models to the more recent co-operative or non co-operative bargaining models. The second part explores theoretical and empirical applications: the effect of the intrafamily distribution of income on family decisions; the interaction between marriage markets and labour markets; and the factors behind the rise of single parent families. The final part of the book focuses on family policies and analyzes tax, public child care and parental leave policy.
Hodgskin's emphasis on people and labour is fundamental to the work of the Ricardian Socialists. The Ricardian Socialists were distinguished by their claim that workers had right to the full product of their labour, whereas the ruling classes, who contributed nothing to production, did not deserve their income of rent, profit and taxes. The writings of the Ricardian Socialists, especially Hodgskin, made a significant contribution ot the labour theory of value. Crucially, they were heralded by Marx for their ability to use Ricardian theory "as a weapon against bourgeois economy". This 7 volume set traces the intellectual development of this movement. The set includes a brief social, cultural and philosophical background, a re-examination of the impact of Ricardo on value The Ricardian Socialist treatment of ownership and property, and the "political philosophy" of the Ricardian Socialists.
The "Chicago School" was the first major school of sociology in the USA, dominating the field for the first thirty-five years of the 20th century. In addition it was central as a training centre for students, going on to train generations of sociologists, and its impact has been enormous throughout this century. Starting with the earliest debates within Northern American sociology, pragmatic philosophy, and the Chicago School itself, this set provides key readings from contemporary journals and scholarly publications, which situate the School, give access to major documents through the edited selections of key studies and texts, and help the reader to understand the critical development of the tradition.
This is the first study of the development of economic thought in Latin America. It traces the development of economic ideas during five centuries and across the whole continent. It addresses a wide range of approaches to economic issues, including: the scholastic tradition in Latin American economics; the quantity theory of money; and human capital theory.
First Published in 1998. This is Volume VII of eleven in the Economics and Society series. Translated from Swedish, the setting was the Swedish economic discussion in the late 'twenties, the years preceding the crash on the New York Stock Exchange in September 1929 was a time of confidence in restored stability and progress. This book was planned as a frontal attack on the dogmas of the older generation and it was originally meant to be a popular exposition.
This book is a commanding assessment of labour market theory across
the social sciences. It provides a radically original critique of
labour market theory, which draws constructively but critically on
existing literature. The work:
The "classical" approach to economic problems, which can be traced back to Adam Smith and David Ricardo, has been revived in recent years. The essays in this collection argue that this classical approach holds the key to an explanation of important present-day economic phenomena. The study opens with a clarification of what is meant by "classical" economics and examines how modern methods of economic analysis are related to the works of the classical economists. Chapters deal with the problem of economic growth and foreign trade. Contributors attempt to show that both the von Neumann growth model and the "new" theories of endogenous growth belong to the classical tradition. They also consider the work of Piero Saffra and clarify some of the more difficult aspects of his analysis. The (un)importance of the labour theory of value in classical thinking is reviewed and the work closes with observations on the critique of classical theory.
Edwin Cannan's name is inextricably linked with two great economic institutions: Adam Smith and the London School of Economics. Cannan played a fundamental role in England in shaping the alternative to Marshallian economics that bore fruit at the LSE during the 1930s. "The Collected Works of Edwin Cannan" brings together his major contributions to the theory of distribution, quantity theory and the definition of "Classical Economics." In addition to the ten collected works of Cannan, the volume also includes forty book reviews, chapters and articles on Cannan and an introductory chapter on Cannan's life and works by Alan Ebenstein.
William Stanley Jevons occupies a pivotal position in the history
of economic thought, spanning the transition from classical to
neo-classical economics and playing a key role in the Marginal
Revolution.
This six-volume set contains the writings of the earliest pioneers of monetary theory. It contains some 28 texts, beginning with Gerard de Maynes' "A Treatise of the Canker of England's Common Wealth" (1601) and ending with Joseph Harris' "An Essay on Money and Coins" (1757/58). It contains some 28 texts, beginning with Gerard de Maynes' "A Treatise of the Canker of England's Common Wealth" (1601) and ending with Joseph Harris' "An Essay on Money and Coins" (1757/58). Many of the texts reproduced are both rare and difficult to read in their original form. Here each text has been carefully re-typeset and produced in its entirety, which should give scholars full access to this area of monetary theory. The material is organized chronologically, and begins with early mercantilist writings which explore the crucial relationship between money and trade.
Knut Wicksell is increasingly recognized as one of the great economists and as a major influence on modern economics. Wicksell brilliantly summarized and developed neoclassical economic theory, making major contributions to marginal productivity theory, to public finance and to monetary theory. Torsten Gardlund's acclaimed biography, although long out of print, remains the classic interpretation of Wicksell's life. As Lars Jonung explains in his preface, 'Gardlund's book has kept its sparkle over the forty years which have elapsed since it was first published. . . Its clarity and vitality have made it a classic in its own right.' Mark Blaug, the eminent economic methodologist and historian of economic thought, has described it as 'my favourite biography of a great economist.' This edition of The Life of Knut Wicksell will be welcomed as an excellent introduction to the life of a major economist whose theories and ideas have shown themselves to be of lasting value.
This timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests. Providing an alternative theoretical framework to analyse the relationship between ethical behaviour, decision-making environments and capabilities, individual preferences and the economy, Altman examines how being ethical can be an engine for economic growth and development. The book offers a better understanding of how ethical behaviour is good not only for the economy, but also for improving the wellbeing of our society at large whilst respecting and enhancing the rights and freedoms of individuals. This book is an important read for all those not content with the conventional economic narrative. It is also a provocative and thoughtful book for policy-makers and economists looking to better understand the growing importance of ethical behaviour for the economy.
Geoff Harcourt has made substantial and wide-ranging contributions
to economics in general and Post-Keynesian economics in particular.
In these volumes more than 80 of the world's leading economists pay
tribute to, and critically evaluate, his work.
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
Keynes always intended to write "footnotes" to his masterwork "The
General Theory, " which would take account of the criticisms it
received and allow him to develop and refine his ideas further.
However, a number of factors combined to prevent him from doing so
before his death in 1946. |
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