Re-visiting Tikopia a decade after his first visit, Raymond Firth here examines what impact the forces of modernization had on Tikopia society with regard to economics, law, politics and social affairs. Suffering a famine whilst there, the author also examined the issues of responsibility for the famine; problems of distribution in ceremonial and ritual; institutional developments from the famine. Originally published in 1959.

Macroeconomic Analysis in the Classical Tradition explains how the influence of Keynes's macroeconomics, including his changed definitions of some key macroeconomic concepts, has impeded many analysts' ability to readily resolve disputes in modern macroeconomics. Expanding on his earlier work-Macroeconomics without the Errors of Keynes (2019)-the author delves into more aspects of macroeconomic theory and argues for a revision of Keynes's contribution to the field. Attention is given to theories and concepts such as Say's Law, the quantity theory of money, the liquidity trap, the permanent income hypothesis, 100% money, and the Phillips curve analysis. The chapters work to build a careful critique of Keynes's economics and make the case that the classical macroeconomics of Smith, Say, Ricardo, Mill, and others could help resolve present-day policy disagreements and redefine macroeconomic priorities. This book provides essential reading for advanced students and scholars with an interest in the foundations of Keynes's theories and current debates within macroeconomic policy.

This book provides a set of critical perspectives on the economic crises of 2000-1 focusing on both the origins and consequences of the crises. Attention is drawn to the role of domestic actors as well as key external actors such as the International Monetary Fund in precipitating the twin crises.
A major objective of the book is to assess the prospects for the future and the authors try to tackle the challenging of whether the twin crises constitute a radical turning point in the Turkish experiment with neo-liberal reforms question from a variety of different perspectives.

Discussing the process of economic development in Japan, this book covers the period from when Japan first entered upon her career of Westernization to the beginning of the war with China in 1937. The main emphasis is on industrial and financial development and organization and on economic policy. Among the industries discussed are agriculture, textiles, steel and shipping. A comprehensive glossary and bibliography are included and much of the statistical information is tabulated for ease of reading.

Considering Britain's physical capital, this book examines the distribution of investment between industries and between industry on the one hand and social and administrative purposes on the other. The Sterling Area is also examined, from the point of view of the UK and the rest of the world. The gold value of the dollar and the relationship of the US to the world economy are also discussed. All of these economic questions are placed in their appropriate historical perspective.

Keynesian Economics provides a wide-ranging critical examination of the presuppositions and procedures of Keynesian analysis. The result is both a clear guide to modern macro-economic theory and policy and a revealing exercise in the recent history of ideas - ideas which are highly contentious and still deeply influential. "(Alan) Coddington made several substantive contributions to the understanding of Keynesian economics which established his fame not merely in the UK but in major centres of economics around the world." The Times

Contents:
Preface

Part I: The Problems of Developed Economies
1. Inflation in the Postwar American Economy
2. Professor Hansen on America's Economic Revolution
3. Governor Rockefeller on America's Economic Growth
4. The 'Principia Ethica' of an Affluent Society

Part II: Problems of Developing Economies
5. A Linear Programming Model of Growth without Austerity
APPENDIX: Japan's credit-supported Growth and Linear Programming
6. The 'Takeoff' Path of an Underdeveloped Economy
7. Mixed Economic Statecraft and Democratic Safeguards
8. Achieving and Diffusing Economic Affluence

Part III: International Prosperity And Progress
9. The International Compatibility of Growth and Trade
10. The Agenda for International Equilibrium
11. Towards a World Economic Government
Towards a Democracy of Nations

The volume explores whether fiscal policies can secure full employment without inflation, one of the key questions in economics after Keynes. Part 1, "General Theory of Public Finance and Fiscal Policy", discusses ends and means in economic policy. The results of this ends-means analysis are applied to fiscal policy. Part 2, "Microeconomics", deals with the impact of fiscal measures on the behaviour of the individual household, firm and other organization, concentrating on the effects on consumption and saving. Part 3, "Macroeconomics", considers how the problem of keeping the price-level constant and the labour market in equilibrium at full employment may be solved by means of fiscal and monetary measures. Problems connected with the volume of investments and the balance of payments are considered simultaneously.

The papers in this volume cover the following areas: Government and Industry, the Managed Economy, Monetary Policy, Fiscal Policy, Economic Forecasting and Economic Planning, and Economists in Government.

Divided into four parts, this text is structured as follows. Part One examines the extent to which the inequality of incomes is guided by ethical principles, Part Two illustrates the growth of the theory of distribution in the hands of successive generations of economists, Part Three develops the theory on the subject of the division of income between categories, and Part Four looks at the division of income between people and the causes of that inequality, paying particular attention to the factor of inherited wealth.

China's recent evolution is not only a story of extraordinary economic growth but also a story of great institutional change. Fan Zhang challenges traditional theory to explain the real origins of China's reform, the political and economic forces driving it, and the reasoning behind its stagnation. The institutional re-arrangement of government and market has been crucial in this marketization process. Using a wealth of documents and cases, Zhang provides a detailed analysis of China's institutional changes over the past 40 years, focusing on the government-market relationship. A theoretical framework is presented to explain the targets and incentives of government and business firms in a bureaucratic-market system, which promoted economic growth, but also fostered corruption and resulted in a re-centralisation of the system. Using an index of marketization in China since 1978, Zhang shows that overall, market expansion has continued but with diminishing marginal gains. The government control of financial resources that had previously been relaxed in the early years of reform has been enhanced to some extent as a result of the changing institutional environment. Policy makers dealing with China-related policies, researchers and postgraduate students in political science, economics and Chinese studies will find this book a compelling exploration of the current and constant cooperation and conflict between government and market.

This concise yet insightful sequel to the highly acclaimed The Nature of Economic Growth provides a comprehensive critique of both old and new growth theory, highlighting the importance of economic growth for reducing poverty.A.P. Thirlwall illustrates that orthodox growth theory continues to work with 'one-good' models and to treat factor supplies as exogenously given, independent of demand. Orthodox trade theory still ignores the balance of payments consequences of different patterns of trade specialization when assessing the welfare effects of trade. The author goes on to present theory underpinned by up-to-date empirical evidence that factors of production and productivity growth are endogenous to demand, and that the structure of production and trade matter for the long-run growth performance of countries because of their impact on the balance of payments. He concludes that trade liberalisation has proved disappointing in improving the trade-off between growth and the balance of payments. This book will provide a challenging read for students and academics in the fields of economics, heterodox economics, and development. Policymakers focussing on the relationship between growth, trade and the balance of payments will also find the book to be of great interest. Contents: Preface 1. Divisions in the World Economy and the Importance of Economic Growth 2. Growth Theory: Old and 'New' 3. A Critique of Orthodox Growth Theory: Structure and Demand Matter for Economic Growth 4. The Endogeneity of the Natural Rate of Growth and Constraints on Demand 5. Balance of Payments Constrained Growth 6. Trade Liberalisation, the Balance of Payments, Growth, Inequality and Poverty References Index

In the late 1950s, the Filipino economy could reasonably have been described as more advanced than those of its South Asian neighbours. Ever since then, however, it has consistently lagged behind and only really started to grow strongly in the mid-1990s and even then it failed to achieve the growth rates of the rest of Southeast Asia ten years earlier.
This book critically analyses the Filipino economy and attempts to explain the problems that it has faced, as well as the solutions that need to be put into practice.
This accessible and comprehensive book will be of great use to students, academics and business professionals with an interest in the economies of Asia.

eBook available with sample pages: 0203169271

The post-communist Central European and Baltic economies are now approaching the end of their transitions to well-functioning market systems. In some respects, the approaching EU accession and conclusion of the transition marks the end of a fascinating period in economic history. Beyond Transition focuses on the economic problems and issues facing Central Europe and the Baltics, the Balkans, and countries belonging to the Commonwealth for Independent States (CIS) in the post-transition context. This focus reflects the need to better understand two processes that are increasingly apparent in the post-communist economic space. First, many of the problems now facing policy makers in post-communist economies - choice of exchange rate regime, tax reform, labour market regulation, improving corporate governance - also face policy makers in developed and developing countries in other parts of the world. Second, the EU's eastern enlargement and the policy agendas facing the first wave accession candidates have major implications for the CIS and Balkan countries that have not been (and may never be) invited to join this process.

For years, China's transformation from one of the world's poorest nations was lauded as a triumph that lifted hundreds of millions of people out of poverty. There were always questions about data reliability and growth sustainability, but the general views on China have recently taken a decidedly sour turn. Concerns abound about state interference in the economy, an ageing population, and high debt level. Making Sense of China's Economy untangles China's complex economic structure, evolving issues and curious contradictions, and explains some key features of this most puzzling of global economic powerhouses. This book reveals how factors such as demographics, the initial stage of development in 1978, the transition away from full state ownership and central planning, the dual urban-rural society, and a decentralised governance structure have combined to shape the economy, its development and its reforms. It shows how the pragmatic and adaptive nature of China's policymaking upends familiar perspectives and hinders simple cross-country comparisons. The book also explores crucial topics including the property market, debt accumulation and environmental challenges. In this book, Tao Wang innovatively weaves the multiple strands of China's economy into a holistic and organic tapestry that gives us unique insights from both a Chinese and an international perspective. This book is critical reading for business leaders, investors, policymakers, students, and anyone else hoping to understand China's economy and its future evolution and impact, written by a specialist who has studied the country from both inside and out.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This book analyses Europe's COVID-19 response provided by governments and societies, to assess its influence on the economy from both a short- and long-term perspective. The authors argue that there are three key factors that determine how successful a given country is. The first is the determination and effectiveness of the government. The second is the capacity of states and their healthcare systems in times of crisis. The third is society's willingness to adhere to emergency measures and to cooperate with authorities. The book examines the government policy of EU states during the pandemic; studies the behaviour of EU societies; reveals the influence of the pandemic crisis on the economy of EU states and formulates a successful strategy to counteract the challenges wrought by the pandemic. The book will appeal to scholars and researchers engaged in the fields of economic and political science, global studies and international relations. Furthermore, it will also be addressed to policy makers of European States as it contains a complex analysis of their policy responses and the corresponding impact on European economy and society.

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

This important new book is the first general overview of the macroeconomic nature and recent history of the Singapore economy.After discussing general features of modern Singapore's economy, government and development strategy, the authors analyse its macroeconomic history over the past three decades, as well as reviewing current macroeconomic theory regarding small, open economies. Singapore's monetary system, trade patterns, balance of payments and the nature of its exchange rate mechanism and policy are all described and analysed in the subsequent chapters which also look at its growth and cyclical experiences and provide a review of the ways economists have attempted to model the economy. The Singapore Economy integrates much previous research scattered in many sources as well as containing an extensive bibliography of references about the economy and the statistical sources used. It will be suitable for students of macroeconomics and economic development in Asia, and the general reader interested in the nature, structure and recent growth of the Singapore 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

The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. This set provides the definitive collection of materials on the origins of the discipline. Topics covered include: * the origins and background to the Keynesian revolution * American monetary thought * the development of open economy macroeconomics * the emergence of key concepts, including the multiplier and the accelerator. This collection includes over 130 pieces by some of the most important economists of the last century, including Keynes, Wicksell, Schumpeter, Kuznets, Ohlin, Fisher, Knight, Friedman, Samuelson, Hicks, Tinbergen and Koopmans. The set also draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field.

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

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.

This volume forms part of a ten volume set on the origins of macroeconomics. The emergence of macroeconomics was probably the single most important development in economics in the twentieth century. The set draws on a broad, international range of sources, and encompasses works by lesser known thinkers who made significant contributions to the field, providing the definitive collection of materials on the origins of the discipline.