First published in 1973, this book presents a systematic treatment of the conceptual framework as well as the practical problems of measurement of inequality. Alternative approaches are evaluated in terms of their philosophical assumptions, economic content, and statistical requirements. In a new introduction, Amartya Sen, jointly with James Foster, critically surveys the literature that followed the publication of this book, and also evaluates the main analytical issues in the appraisal of economic inequality and poverty.

Recent acts of terrorism and the pro-democracy unrest in the Middle East remind us how important it is to understand the relationship between violence, peace and democracy. In a challenging and insightful essay, Amartya Sen explores ideas around "organised violence" (war, genocide and terrorism) and violence against the individual. Highlighting the inadequacies of some of the widely accepted explanations for violence - including the idea that the world is experiencing a "clash of civilisations" - Sen makes a plea for a global, multilateral debate on the causes of conflict, and an understanding of the multiple identities of the individuals involved. The introductory essay draws on the findings of the Commonwealth Commission on Respect and Understanding, which was established to promote mutual communication and understanding among all faiths and communities in the Commonwealth. Its timely report, "Civil Paths to Peace," suggests that governments, media and educators - indeed, everyone - must take the time to understand the complexities around violent behaviour and its causes, without prejudging what these might be.

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. WIDER The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. The principal purpose of the Institute is to help identify and meet the need for policy-oriented socio-economic research on pressing global and development problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. Volume III deals with the strategic options for the elimination of endemic hunger. The topics covered include: the comparative extent of hunger and deprivation in different parts of the world; the influence of food production; the interconnections between economic growth and public support; the role of economic diversification in reducing vulnerability; the potential impact of direct public provisioning on living standards; and the politics of public action. In addition to general analyses, the book examines the international relevance of a number of specific country experiences in Asia, Africa, and Latin America (including those of China, India, Sri Lanka, Brazil, Kenya, Bangladesh, and Nigeria).

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. WIDER The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. The principal purpose of the Institute is to help identify and meet the need for policy-oriented socio-economic research on pressing global and development problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. Volume II deals with famine prevention, paying particular attention to sub-Saharan Africa. The topics covered include: the problems of early warning and early action; the politics of famine prevention; the influence of market responses; the role of cash support and employment provision in protecting threatened food entitlements; and long-term issues of reduction of famine vulnerability. In addition to general analyses, the book contains a number of case studies of failures and successes in famine prevention, both in South Asia and in sub-Saharan Africa.

Professor Sen revisits the issues tackled in his previous seminal work, On Economic Inequality, first published in 1973, and provides new analyses and insights in this crucial area. This original and incisive book brings together and develops some of the most important themes of Sen's work over the last decade. He notes that the difference between virtually all contemporary ethical approaches to social arrangements lies not in whether they demand equality or not-they all demand equality of something-but in what sort of equality they propound. Any claim to equality must take account of the diversity of human beings and their characteristics. Sen argues in a rich and subtle approach that we should be concerned with people's capabilities rather than either their resources or their welfare. Sen also looks at some types of inequalities that have not yet been studied as systematically as inequalities of class and wealth have been. These include, inter alia, the important issue of gender inequality.

An analysis of endemic deprivation in India and of the role of public action in addressing that problem. The analysis is based on a broad view of economic development, focusing on human well-being and `social opportunity' rather than on the standard indicators of economic growth. India's success in reducing endemic deprivation since Independence has been quite limited. Recent diagnoses of this failure of policy have concentrated on the counterproductive role of government regulation, and on the need for economic incentives to accelerate the growth of the economy. This book argues that an assessment of India's failure to eliminate basic deprivations has to go beyond this limited focus, and to take note of the role played in that failure by inadequate public involvement in the provision of basic education, health care, social security, and related fields, Even the fostering of fast and participatory economic growth requires some basic social change, which is not addressed by liberalization and economic incentives. The authors also discuss the historical antecedents of these political and social neglects, including the distortion of policy priorities arising from inequalities of political power. Following on from this, the book considers the scope for public action to address these earlier biases and achieve a transformation of policy priorities. The introductory chapter presents the motivation, focus, and approach of the book. Chapter 2 discusses the respective roles of the market mechanism and government action in economic development and discusses the particular role of public involvement in the fields of health and education. In chapters 3 and 4, international comparisons of development experiences are brought to bear on the diagnosis of India's successes and failures. These two chapters also discuss the lessons to be learnt from the contrasting development experiences of different states within India, with particular attention to Kerala's outstanding success in social fields. Chapter 5 considers the role of public action and political organization in promoting social opportunities. Attention is drawn, in particular, to the part played by widespread illiteracy in suppressing that process and perpetuating social inequalities. The issue of basic education is further examined in chapter 6, which includes a critical assessment of public policy in this field. Chapter 7 discusses the specific problem on gender inequality, and the role of women's agency in the expansion of social opportunities for both women and men. The concluding chapter consolidates the argument and discusses the policy implication of the analyses presented. A statistical appendix presents a comparative picture of India and other developing countries, and also the comparative performance of different states within India.

The term "social security" has a very different meaning in underdeveloped countries -- whose populations live in great insecurity -- and is best understood as poverty alleviation. This book attempts to define social security in the Third World and to examine what sort of programs are most suitable for developing countries. The authors review current literature on the subject. Some chapters explore broad themes, others contain case studies describing social security provisions in various regions of Asia, Latin America, and Southern Africa. This illuminating study will be of interst to development economists as well as those working in international organizations concerned with policy-making in the Third World and management of resources.

In the last fifty years, average overall health status has increased more or less in parallel with a much celebrated decline in mortality, attributed mostly to poverty reduction, sanitation, nutrition, housing, immunization, and improved medical care. It is becoming increasingly clear, however, that these achievements were not equally distributed. In most countries, while some social groups have benefited significantly, the situation of others has stagnated or may even have worsened. If health is a prerequisite to a person functioning as an agent, inequalities in health constitute inequalities in people's capability to function - a denial of equality of opportunity. So why should a concern with health equity be singled out from the pursuit of social justice more generally? Can existing theories of justice provide an adequate account of health equity? And what ethical problems arise in evaluating health inequalities? These are some of the important questions that this book addresses in building an interdisciplinary understanding of health equity. With contributions from distinguished philosophers, anthropologists, economists, and public-health specialists, it centres on five major themes: what is health equity?; health equity and social justice; responsibilities for health; ethical issues in health evaluation; and anthropological perspectives.

Part intellectual autobiography and part exposition of complex yet contemporary economic ideas, this lively conversation with renowned scholar and public intellectual Kenneth J. Arrow focuses on economics and politics in light of history, current events, and philosophy as well. Reminding readers that economics is about redistribution and thus about how we treat each other, Arrow shows that the intersection of economics and ethics is of concern not just to economists but for the public more broadly. With a foreword by Amartya Sen, this book highlights the belief that government can be a powerful force for good, and is particularly relevant in the current political climate and to the lay reader as well as the economist.

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. WIDER Studies in Development Economics The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. The principal purpose of the Institute is to help identify and meet the need for policy-oriented socio-economic research on pressing global and development problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. BL Sen is an internationally renowned, prizewinning economist This volume is the first of three addressing a wide range of policy issues relating to the role of public action in combating hunger and deprivation in the modern world. It deals with the background nutritional, economic, social, and political aspects of the problem of world hunger. Topics covered include the characteristics and causal antecedents of famines and endemic deprivation, the interconnections between economic and political factors, the role of social relations and the family, the special problems of women's deprivation, the connection between food consumption and other indicators of living standards, and the medical aspects of undernourishment and its consequences. Several contributions also address the political background of public policy, in particular the connection between the government and the public, including the role of newspapers and the media, and the part played by political commitment and by adversarial politics and pressures. Taken together, these essays provide a comprehensive and authoritative analysis of the problem of hunger and deprivation, and an important guide for action.

The lyrical and globe-spanning memoir by the influential feminist economist, with introductory pieces from two American icons "Your heart and world will be opened by reading The Brass Notebook, the intimate and political life of Devaki Jain, a young woman who dares to become independent." -Gloria Steinem When she was barely thirty, the Indian feminist economist Devaki Jain befriended Doris Lessing, Nobel winner and author of The Golden Notebook, who encouraged Jain to write her story. Over half a century later, Jain has crafted what Desmond Tutu has called "a riveting account of the life story of a courageous woman who has all her life challenged what convention expects of her." Across an extraordinary life intertwined with those of Iris Murdoch, Gloria Steinem, Julius Nyerere, Henry Kissinger, and Nelson Mandela, Jain navigated a world determined to contain her ambitions. While still a young woman, she traveled alone across the subcontinent to meet Gandhi's disciple Vinoba Bhave, hitchhiked around Europe in a sari, and fell in love with a Yugoslav at a Quaker camp in Saarbrucken. She attended Oxford University, supporting herself by washing dishes in a local cafe. Later, over the course of an influential career as an economist, Jain seized on the cause of feminism, championing the poor women who labored in the informal economy long before mainstream economics attended to questions of inequality. With a foreword by Nobel Prize-winning economist Amartya Sen and an introduction by the well-known American feminist Gloria Steinem, whose own life and career were inspired by time spent with Jain, The Brass Notebook perfectly merges the political with the personal-a book full of life, ideas, politics, and history.

Congressman Ro Khanna offers a revolutionary, "progressive" (James J. Heckman, Nobel Prize winner and professor of economics at the University of Chicago) roadmap to facing America's digital divide, offering greater economic prosperity to all. In Khanna's vision, "just as people can move to technology, technology can move to people" (from the foreword by Amartya Sen, Nobel Laureate in Economics) where "Khanna envisions redistributing opportunities from coastal cities to rural middle-America...An exciting vision, brilliantly rendered." (Arlie Russell Hochschild, author of Strangers in Their Own Land). Unequal access to technology and the revenue it creates is one of the most pressing issues in the United States. An economic gulf exists between those who have struck gold in the tech industry and those left behind by the digital revolution; a geographic divide between those in the coastal tech industry and those in the heartland whose jobs have been automated; and existing inequalities in the technological access-students without computers, rural workers with spotty WiFi, and many workers without the luxury to work remotely. Congressman Ro Khanna's Progressive Capitalism tackles these challenges head-on and imagines how the digital economy can create opportunities for people across the country without uprooting them. Anchored by an approach Khanna calls "progressive capitalism," he shows how democratizing access to tech can strengthen every sector of economy and culture. By expanding technological jobs nationwide through public and private partnerships, we can close the wealth gap in America and begin to repair the fractured, distrusting relationships that have plagued our country for fall too long. Inspired by his own story born into an immigrant family, Khanna understands how economic opportunity can change the course of a person's life. Moving deftly between storytelling, policy, and some of the country's greatest thinkers in political philosophy and economics, Khanna presents a vision we can't afford to ignore. Progressive Capitalism is a "practical and aspirational" (Kimberle Crenshaw, professor of law at UCLA and Columbia University) roadmap to how we can seek dignity for every American in an era in which technology shapes every aspect of our lives.

Two of the worlds' most prominent development economists argue that public involvement is required in the provision of basic health care, education, and social security if economic and social advances are to be made in India. This analysis of the endemic deprivation in India is based on a broad view of economic development, focusing on human well-being and 'social opportunity' rather than on the standard indicators of economic growth. India's economic successes and failures are evaluated in the light of other countries development experiences.

Part intellectual autobiography and part exposition of complex yet contemporary economic ideas, this lively conversation with renowned scholar and public intellectual Kenneth J. Arrow focuses on economics and politics in light of history, current events, and philosophy as well. Reminding readers that economics is about redistribution and thus about how we treat each other, Arrow shows that the intersection of economics and ethics is of concern not just to economists but for the public more broadly. With a foreword by Amartya Sen, this book highlights the belief that government can be a powerful force for good, and is particularly relevant in the current political climate and to the lay reader as well as the economist.

In Development as Freedom Amartya Sen explains how in a world of unprecedented increase in overall opulence millions of people living in the Third World are still unfree. Even if they are not technically slaves, they are denied elementary freedoms and remain imprisoned in one way or another by economic poverty, social deprivation, political tyranny or cultural authoritarianism. The main purpose of development is to spread freedom and its 'thousand charms' to the unfree citizens. Freedom, Sen persuasively argues, is at once the ultimate goal of social and economic arrangements and the most efficient means of realizing general welfare. Social institutions like markets, political parties, legislatures, the judiciary, and the media contribute to development by enhancing individual freedom and are in turn sustained by social values. Values, institutions, development, and freedom are all closely interrelated, and Sen links them together in an elegant analytical framework. By asking 'What is the relation between our collective economic wealth and our individual ability to live as we would like?' and by incorporating individual freedom as a social commitment into his analysis Sen allows economics once again, as it did in the time of Adam Smith, to address the social basis of individual well-being and freedom.

In this volume, Albert Hirschman reconstructs the intellectual climate of the seventeenth and eighteenth centuries to illuminate the intricate ideological transformation that occurred, wherein the pursuit of material interests--so long condemned as the deadly sin of avarice--was assigned the role of containing the unruly and destructive passions of man. Hirschman here offers a new interpretation for the rise of capitalism, one that emphasizes the continuities between old and new, in contrast to the assumption of a sharp break that is a common feature of both Marxian and Weberian thinking. Among the insights presented here is the ironical finding that capitalism was originally supposed to accomplish exactly what was soon denounced as its worst feature: the repression of the passions in favor of the "harmless," if one-dimensional, interests of commercial life. To portray this lengthy ideological change as an endogenous process, Hirschman draws on the writings of a large number of thinkers, including Montesquieu, Sir James Steuart, and Adam Smith.

Featuring a new afterword by Jeremy Adelman and a foreword by Amartya Sen, this Princeton Classics edition of "The Passions and the Interests" sheds light on the intricate ideological transformation from which capitalism emerged triumphant, and reaffirms Hirschman's stature as one of our most influential and provocative thinkers.

Kenneth J. Arrow's pathbreaking "impossibility theorem" was a watershed innovation in the history of welfare economics, voting theory, and collective choice, demonstrating that there is no voting rule that satisfies the four desirable axioms of decisiveness, consensus, nondictatorship, and independence. In this book Eric Maskin and Amartya Sen explore the implications of Arrow's theorem. Sen considers its ongoing utility, exploring the theorem's value and limitations in relation to recent research on social reasoning, and Maskin discusses how to design a voting rule that gets us closer to the ideal-given the impossibility of achieving the ideal. The volume also contains a contextual introduction by social choice scholar Prasanta K. Pattanaik and commentaries from Joseph E. Stiglitz and Kenneth J. Arrow himself, as well as essays by Maskin, Dasgupta, and Sen outlining the mathematical proof and framework behind their assertions.

The sensor cloud is a new model of computing paradigm for Wireless Sensor Networks (WSNs), which facilitates resource sharing and provides a platform to integrate different sensor networks where multiple users can build their own sensing applications at the same time. It enables a multi-user on-demand sensory system, where computing, sensing, and wireless network resources are shared among applications. Therefore, it has inherent challenges for providing security and privacy across the sensor cloud infrastructure. With the integration of WSNs with different ownerships, and users running a variety of applications including their own code, there is a need for a risk assessment mechanism to estimate the likelihood and impact of attacks on the life of the network. The data being generated by the wireless sensors in a sensor cloud need to be protected against adversaries, which may be outsiders as well as insiders. Similarly, the code disseminated to the sensors within the sensor cloud needs to be protected against inside and outside adversaries. Moreover, since the wireless sensors cannot support complex and energy-intensive measures, the lightweight schemes for integrity, security, and privacy of the data have to be redesigned. The book starts with the motivation and architecture discussion of a sensor cloud. Due to the integration of multiple WSNs running user-owned applications and code, the possibility of attacks is more likely. Thus, next, we discuss a risk assessment mechanism to estimate the likelihood and impact of attacks on these WSNs in a sensor cloud using a framework that allows the security administrator to better understand the threats present and take necessary actions. Then, we discuss integrity and privacy preserving data aggregation in a sensor cloud as it becomes harder to protect data in this environment. Integrity of data can be compromised as it becomes easier for an attacker to inject false data in a sensor cloud, and due to hop by hop nature, privacy of data could be leaked as well. Next, the book discusses a fine-grained access control scheme which works on the secure aggregated data in a sensor cloud. This scheme uses Attribute Based Encryption (ABE) to achieve the objective. Furthermore, to securely and efficiently disseminate application code in sensor cloud, we present a secure code dissemination algorithm which first reduces the amount of code to be transmitted from the base station to the sensor nodes. It then uses Symmetric Proxy Re-encryption along with Bloom filters and Hash-based Message Authentication Code (HMACs) to protect the code against eavesdropping and false code injection attacks.

At this time when many have lost hope amidst conflicts, terrorism, environmental destruction, economic inequality and the breakdown of democracy, this beautifully written book outlines how to rethink and reform our key institutions - markets, corporations, welfare policies, democratic processes and transnational governance - to create better societies based on core principles of human dignity, sustainability, and justice. This new vision is based on the findings of over 300 social scientists involved in the collaborative, interdisciplinary International Panel on Social Progress. Relying on state-of-the-art scholarship, these social scientists reviewed the desirability and possibility of all relevant forms of long-term social change, explored current challenges, and synthesized their knowledge on the principles, possibilities, and methods for improving the main institutions of modern societies. Their common finding is that a better society is indeed possible, its contours can be broadly described, and all we need is to gather forces toward realizing this vision.

This is an open access title available under the terms of a CC BY-NC-ND 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The term 'social security' has a very different meaning in underdeveloped countries and is best understood as poverty alleviation. This work seeks to define social security in its various forms and to examine what types of programmes are most suitable for developing countries. The authors review current literature on the subject. Some chapters explore broad themes, while others describe social security provisions in various regions in South Asia, China, Latin America, and Southern Africa. Western systems are compared and broad assessments made of the traditional social security systems in village societies. The editors aim to put the subject of social security firmly on the agenda of development economic research with a view to stimulate much further research in this area. The volume is written in a way that will be accessible to a much wider audience.

The Essential Hirschman brings together some of the finest essays in the social sciences, written by one of the twentieth century's most influential and provocative thinkers. Albert O. Hirschman was a master essayist, one who possessed the rare ability to blend the precision of economics with the elegance of literary imagination. In an age in which our academic disciplines require ever-greater specialization and narrowness, it is rare to encounter an intellectual who can transform how we think about inequality by writing about traffic, or who can slip in a quote from Flaubert to reveal something surprising about taxes. The essays gathered here span an astonishing range of topics and perspectives, including industrialization in Latin America, imagining reform as more than repair, the relationship between imagination and leadership, routine thinking and the marketplace, and the ways our arguments affect democratic life. Throughout, we find humor, unforgettable metaphors, brilliant analysis, and elegance of style that give Hirschman such a singular voice. Featuring an introduction by Jeremy Adelman that places each of these essays in context as well as an insightful afterword by Emma Rothschild and Amartya Sen, The Essential Hirschman is the ideal introduction to Hirschman for a new generation of readers and a must-have collection for anyone seeking his most important writings in one book.

"The books line up on my shelf like bright Bodhisattvas ready to take tough questions or keep quiet company. They stake out a vast territory, with works from two millennia in multiple genres: aphorism, lyric, epic, theater, and romance."
--Willis G. Regier, "The Chronicle Review"

"No effort has been spared to make these little volumes as attractive as possible to readers: the paper is of high quality, the typesetting immaculate. The founders of the series are John and Jennifer Clay, and Sanskritists can only thank them for an initiative intended to make the classics of an ancient Indian language accessible to a modern international audience."
--"The Times Higher Education Supplement"

"The Clay Sanskrit Library represents one of the most admirable publishing projects now afoot. . . . Anyone who loves the look and feel and heft of books will delight in these elegant little volumes."
--"New Criterion"

"Published in the geek-chic format."
--"BookForum"

"Very few collections of Sanskrit deep enough for research are housed anywhere in North America. Now, twenty-five hundred years after the death of Shakyamuni Buddha, the ambitious Clay Sanskrit Library may remedy this state of affairs."
--"Tricycle"

aNow an ambitious new publishing project, the Clay Sanskrit Library brings together leading Sanskrit translators and scholars of Indology from around the world to celebrate in translating the beauty and range of classical Sanskrit literature. . . . Published as smart green hardbacks that are small enough to fit into a jeans pocket, the volumes are meant to satisfy both the scholar and the lay reader. Each volume has a transliteration of the original Sanskrit texton the left-hand page and an English translation on the right, as also a helpful introduction and notes. Alongside definitive translations of the great Indian epics -- 30 or so volumes will be devoted to the Maha-bharat itself -- Clay Sanskrit Library makes available to the English-speaking reader many other delights: The earthy verse of Bhartri-hari, the pungent satire of Jayanta Bhatta and the roving narratives of Dandin, among others. All these writers belong properly not just to Indian literature, but to world literature.a
--"LiveMint"

aThe Clay Sanskrit Library has recently set out to change the scene by making available well-translated dual-language (English and Sanskrit) editions of popular Sanskritic texts for the public.a
--"Namarupa"

aBy any measure the Ramayana of Valmiki is one of the great epic poems of world literature. . . . Now the New York University Press is republishing the translations, without notes and with minimal introductions, in more accessible and less expensive editions, as part of the Clay Sanskrit Library. So far the translators have been eminently successful.a
--"The New York Sun" [Refers to the nine volumes of the Ramayana]

Rama, the crown prince of the City of Ayodhya, is a model son and warrior. He is sent by his father the king to rescue a sage from persecution by demons, but must first kill a fearsome ogress. That done, he drives out the demons, restores peace, and attends a tournament in the neighboring city of Mithila; here he bends the bow that no other warrior can handle, winning the prize and the hand of Sita, the princess of Mithila.

Valmiki's Ramayana is one of the two great national epics of India, the source reveredthroughout South Asia as the original account of the career of Rama, ideal man and incarnation of the great god Vishnu. The first book, "Boyhood," introduces the young hero Rama and sets the scene for the adventures ahead. It begins with a fascinating excursus on the origins and function of poetry itself.

Co-published by New York University Press and the JJC Foundation

For more on this title and other titles in the Clay Sanskrit series, please visit http: //www.claysanskritlibrary.org

Foreword by Amartya Sen (Nobel Prize for Economics, 1998) Afterword by Kailash Satyarthi (Nobel Peace Prize, 2014) In 2005, Nick Danziger began to create an archive of photographs documenting the lives of women and children in eight of the world's poorest countries. He returned five years later, and again in 2015. Had the United Nation's millennium development goals made a difference to their lives? The stories he tells - in pictures and words - are unforgettable and have created a unique document, one that reveals the uncomfortable truths of a globalised planet. It is full of hope, sadness, pain, anger and beauty. Some of the women and children Nick followed died through sickness and poverty. One has become the most successful entrepreneur her African border town has ever known. Another - who once dreamed of becoming a banker - is now a gang member in the world's murder capital. Yet another has confronted conformists and successfully changed his gender. The book will stand as a permanent record of their courage and humanity, but also as a reminder that much work still needs to be done if these goals are ever to be met. Too many people in India, Cambodia, Zambia, Uganda, Niger, Honduras, Bolivia and Armenia are still living in extreme poverty, without access to the health and education the goals were supposed to deliver.

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.