The recent era of economic turbulence has generated a growing enthusiasm for an increase in new and original economic insights based around the concepts of reciprocity and social enterprise. This stimulating and thought-provoking Handbook not only encourages and supports this growth, but also emphasises and expands upon new topics and issues within the economics discourse. Original contributions from key international experts acknowledge and illustrate that markets and firms can be civilizing forces when and if they are understood as expressions of cooperation and civil virtues. They provide an illuminating discourse on a wide range of topics including reciprocity, gifts and the civil economy, which are especially relevant in times of crisis for financial capitalism. The Handbook questions the current phase of the market economy that arises from a state of anthropological pessimism. Such anthropological cynicism is one of the foundations of the contemporary economic system that is challenged by the contributors. This highly original and interdisciplinary Handbook will provide a fascinating read for academics, researchers and students across a wide range of fields including economics, public sector economics, public policy and social policy. Contributors include: R. Abramovay, H. Alford, A. Andreoni, A. Argandona, A. Barrera, L. Becchetti, N. Bellanca, E. Bortoluzzi Dubach, C. Borzaga, L. Bouckaert, S. Bowles, A. Brandolini, A. Caille, J. Davis, J. Defourny, L. Faulk, B. Frey, H. Gintis, L. Gold, B. Gui, A. Habisch, S. Hargreaves-Heap, D. Jones, P. Kalmi, E. Khalil, S. Kolm, C. Loza Adaui, J. Mercier Ythier, S. Neckermann, V. Negri, A. Offer, A. Pabst, G.R. Pearce, V. Pelligra, P.L. Porta, P.L. Sacco, L. Sacconi, A. Smerilli, A.J. Uelmen, P. Vanin, B.M. Wilson, L. Zarri, D.J. Zizzo

This title appears exactly 20 years after the publication of Altruism, Morality and Economic Theory, an important volume edited by E.S. Phelps which contains the proceeding of a conference where social scientists and philosophers met to speculate on the roles that altruism and morality play in shaping human behaviour and economic institutions within our societies. Until recently this discipline was considered of minor importance - now there is clear evidence of its growing interest.This an important volume contains the major articles on the economics of altruism published since 1975. The articles are grouped under 6 headings: the emergence of altruistic behaviour, varieties of altruism, the relevance of altruism and selfishness, altruism and allocation of resources, evolutionary dynamics of altruism, extended rationality and altruistic behaviour. The Economics of Altruism will be welcomed by all those with an interest in economics, philosophy, psychology and sociology.

The recent era of economic turbulence has generated a growing enthusiasm for an increase in new and original economic insights based around the concepts of reciprocity and social enterprise. This stimulating and thought-provoking Handbook not only encourages and supports this growth, but also emphasises and expands upon new topics and issues within the economics discourse. Original contributions from key international experts acknowledge and illustrate that markets and firms can be civilizing forces when and if they are understood as expressions of cooperation and civil virtues. They provide an illuminating discourse on a wide range of topics including reciprocity, gifts and the civil economy, which are especially relevant in times of crisis for financial capitalism. The Handbook questions the current phase of the market economy that arises from a state of anthropological pessimism. Such anthropological cynicism is one of the foundations of the contemporary economic system that is challenged by the contributors. This highly original and interdisciplinary Handbook will provide a fascinating read for academics, researchers and students across a wide range of fields including economics, public sector economics, public policy and social policy. Contributors include: R. Abramovay, H. Alford, A. Andreoni, A. Argandona, A. Barrera, L. Becchetti, N. Bellanca, E. Bortoluzzi Dubach, C. Borzaga, L. Bouckaert, S. Bowles, A. Brandolini, A. Caille, J. Davis, J. Defourny, L. Faulk, B. Frey, H. Gintis, L. Gold, B. Gui, A. Habisch, S. Hargreaves-Heap, D. Jones, P. Kalmi, E. Khalil, S. Kolm, C. Loza Adaui, J. Mercier Ythier, S. Neckermann, V. Negri, A. Offer, A. Pabst, G.R. Pearce, V. Pelligra, P.L. Porta, P.L. Sacco, L. Sacconi, A. Smerilli, A.J. Uelmen, P. Vanin, B.M. Wilson, L. Zarri, D.J. Zizzo

`Cooperatives stem from interchanges in day-to-day life; and have the capacity to extend their reach to cover economic exchanges across time and space. They offer a complementary form of relationships to the ones economists typically study and favour. A culmination of years of research, this book quite magnificently explains and persuasively advocates a much neglected institution.' - Sir Partha Dasgupta, University of Cambridge, UK This eloquent book analyses the theory of the cooperative form of enterprise from an historic perspective, whilst assessing its appeal in the current economic environment. The authors show that cooperatives are enterprises acting in harmony in the market economy, and explore the following questions: * How do cooperatives achieve solidarity in keeping together elements normally considered in conflict? * Why is the cooperative enterprise not as widespread as the capitalist enterprise? * What is its appeal in the present conditions of crisis of the world economy? Alongside other related issues, the volume also discusses the theoretical foundations of the cooperative enterprise and offers an overview of the historical development of the cooperative movement around the world. Special reference is made to the Italian case, which is scarcely known within the international milieu. Broad in scope whilst concise in elucidation, this book will be invaluable to students enrolled in economic, social, historical and political curricula, as well as leaders of the cooperative movement. People interested in finding a practical alternative to the capitalist form of enterprise will also find this book enriching.

`Cooperatives stem from interchanges in day-to-day life; and have the capacity to extend their reach to cover economic exchanges across time and space. They offer a complementary form of relationships to the ones economists typically study and favour. A culmination of years of research, this book quite magnificently explains and persuasively advocates a much neglected institution.' - Sir Partha Dasgupta, University of Cambridge, UK This eloquent book analyses the theory of the cooperative form of enterprise from an historic perspective, whilst assessing its appeal in the current economic environment. The authors show that cooperatives are enterprises acting in harmony in the market economy, and explore the following questions: * How do cooperatives achieve solidarity in keeping together elements normally considered in conflict? * Why is the cooperative enterprise not as widespread as the capitalist enterprise? * What is its appeal in the present conditions of crisis of the world economy? Alongside other related issues, the volume also discusses the theoretical foundations of the cooperative enterprise and offers an overview of the historical development of the cooperative movement around the world. Special reference is made to the Italian case, which is scarcely known within the international milieu. Broad in scope whilst concise in elucidation, this book will be invaluable to students enrolled in economic, social, historical and political curricula, as well as leaders of the cooperative movement. People interested in finding a practical alternative to the capitalist form of enterprise will also find this book enriching.

No question has more intrigued the minds of scholars of economic thought throughout history than that of the nature and meaning of time. The articles in this insightful collection attempt to provide satisfactory answers to fundamental issues on the use of time in economic theory. These volumes bring together the most important contributions on the subject, ranging from issues about the allocation of time, theory of choice, preference reversal and time in equilibrium to the issues of irreversibility, complex systems and the role of time.This comprehensive collection will be of great interest to researchers and students alike.

Sir John Hicks (1904 1989) was a leading economic theorist of the twentieth century, and along with Kenneth Arrow was awarded the Nobel Prize in 1972. His work addressed central topics in economic theory, such as value, money, capital and growth. An important unifying theme was the attention for economic rationality 'in time' and his acknowledgement that apparent rigidities and frictions might exert a positive role as a buffer against excessive fluctuations in output, prices and employment. This emphasis on the virtue of imperfection significantly distances Hicksian economics from both the Keynesian and Monetarist approaches. Containing contributions from distinguished theorists in their own right (including three Nobel Prize winners), this volume examines Hicks's intellectual heritage and discusses how his ideas suggest a distinct approach to economic theory and policy making. It will be of great interest to scholars and students of economic theory and the history of economic thought.

Sir John Hicks (1904 1989) was a leading economic theorist of the twentieth century, and along with Kenneth Arrow was awarded the Nobel Prize in 1972. His work addressed central topics in economic theory, such as value, money, capital and growth. An important unifying theme was the attention for economic rationality 'in time' and his acknowledgement that apparent rigidities and frictions might exert a positive role as a buffer against excessive fluctuations in output, prices and employment. This emphasis on the virtue of imperfection significantly distances Hicksian economics from both the Keynesian and Monetarist approaches. Containing contributions from distinguished theorists in their own right (including three Nobel Prize winners), this volume examines Hicks's intellectual heritage and discusses how his ideas suggest a distinct approach to economic theory and policy making. It will be of great interest to scholars and students of economic theory and the history of economic thought.

The Microeconomics of Wellbeing and Sustainability: Recasting the Economic Process explores the civil economy tradition in economic thought. Gaining increasing consensus worldwide, this alternative-not heterodox-view of the economic process and agents explains how modern economics is placing increasing emphasis on the determinants of subjective wellbeing and environmental sustainability. With support from behavioral economics, this book makes a foundational contribution that will help users better understand and prepare for future economic challenges.

This authoritative three volume set brings together the most important published papers on the economic analysis of corruption and illegal markets. It ranges from theoretical issues explaining the nature of corruption to analogies between governments regulating legal markets and organised crime ruling over illegal markets. Particular attention is paid to the effects of standard public policies, such as standard controls or quality standards, on the development of shadow and illegal markets, and consequently on the incentives to invest in bribery and extortion. The book highlights the consequences of corruption both for the efficiency of a market system and on the long run growth of the economy with special reference to developing countries.

Global financial capitalism has eroded the moral economy on which all economic exchanges ultimately depend. The principles of reciprocity, responsibility and redistribution, which for centuries defined the market place, have been increasingly pushed aside by a growth model that places the pursuit of profit above all else. Luigino Bruni and Stefano Zamagni draw on a rich Italian tradition of civic humanism to advocate a more well-mannered type of economic market a civil economy one that places well-being, virtue and the common good alongside more familiar economic goals. They provide a succinct introduction to the civil economy approach and outline the thought and ideas of some of its pioneers and main representatives. The many different fields of application of the civil economy, from the determination of gross domestic product to the management of common goods, from welfare to the organization of production and consumption, are considered. Unlike many post-growth or degrowth movements, rather than seek to replace the market, civil economy seeks to find solutions to social problems within the market, while maximizing human values and minimizing government intervention. It is a distinct and valuable approach, and one that offers individuals, corporations and governments a framework for a humane and socially accountable, yet productive and competitive, system of markets.

Global financial capitalism has eroded the moral economy on which all economic exchanges ultimately depend. The principles of reciprocity, responsibility and redistribution, which for centuries defined the market place, have been increasingly pushed aside by a growth model that places the pursuit of profit above all else. Luigino Bruni and Stefano Zamagni draw on a rich Italian tradition of civic humanism to advocate a more well-mannered type of economic market a civil economy one that places well-being, virtue and the common good alongside more familiar economic goals. They provide a succinct introduction to the civil economy approach and outline the thought and ideas of some of its pioneers and main representatives. The many different fields of application of the civil economy, from the determination of gross domestic product to the management of common goods, from welfare to the organization of production and consumption, are considered. Unlike many post-growth or degrowth movements, rather than seek to replace the market, civil economy seeks to find solutions to social problems within the market, while maximizing human values and minimizing government intervention. It is a distinct and valuable approach, and one that offers individuals, corporations and governments a framework for a humane and socially accountable, yet productive and competitive, system of markets.

This volume has a double purpose. First of all, it follows an Italian tradition of thought that began in the 15th and 16th centuries as Civic Humanism and continued up until the golden period of Italian Enlightenment as represented by the Schools of Milan and Naples. Its main contribution to the history of economic thought is its conception of the market as a place centered on the principle of reciprocity and civil virtues. This book explains why the civil approach to economics disappeared from cultural debates, scientific enquiries and the public arena at the end of the 18th century, only to surface again in more recent times. Secondly, the book draws attention to a new reading of the whole of economic reality. Indeed, the civil economy in one sense is mainly a cultural perspective from which it is possible to interpret the entire economic discourse. If a theory is considered as substantially a point of view on reality, then this cultural perspective can also set the basis for a diverse economic theory. Where does the key element of such diversity lie? It lies in the attempt to integrate within the economic system the three basic principles of any social order: the principle of exchange of equivalents, the principle of redistribution and the principle of reciprocity. Though this book draws on the history of economic ideas, it focuses on the present day from an ancient perspective in order to find convincing answers to the new questions arising in the era of globalization.

This book provides a comprehensive overview of the development of economics from its beginnings, at the end of the Middle Ages, up to contemporary developments. It is strong on contemporary theory, providing extensive coverage of the twentieth century, particularly since the Second World War. The second edition has been revised and updated to take account of new developments in economic thought.

This book provides a comprehensive and analytical overview of the development of economic theory from its beginnings, at the end of the Middle Ages, up to contemporary contributions. Traditional theories are presented as living matter, and modern theories are presented as part of a historical process and not as established truths. In this way, the book avoids the dangerous dichotomy between pure historians of thought who dedicate themselves exclusively to studying facts, and pure theorists who are interested in the evolution of the logical structure of theories. The second edition contains several changes and additions. The authors give due consideration to the "civil economy" perspective developed during Humanism and the Renaissance. The section on Adam Smith has been considerably extended and improved. The treatment of the post-keynesian approach has been separated from "new keynesian macroeconomics". Finally, a new chapter has been added to review the most recent developments in the economic discourse in the light of globalization and the new technological trajectory.