In The Methodology of Macroeconomic Thought, Sheila Dow attempts to bridge the gap between methodology and macroeconomic theory through the study of four different schools of thought in economics - the Neo-Austrian, mainstream, post Keynesian and Marxian traditions - and by seeking to understand their methodological foundations in their own terms. In this substantially-revised new edition of her classic work, Macroeconomic Thought: A Methodological Approach, Dr Dow argues for methodological awareness among practising economists as a basis for constructive debate and reasoned argument. The methodological content has been substantially increased to include material on recent developments in the field. After analysing the historical and methodological development of each of the schools, the author covers the micro-foundations of their macroeconomics and their approaches to key concepts including equilibrium, expectations, money and macroeconomic policy. The author seeks to identify the sources of differences between schools of thought as well as potential and actual commonalities before examining their differences at a conceptual level. Unlike other accounts, mainstream economics is treated here as one school of thought on a par with Neo-Austrian economics, PostKeynesian economics and Marxian economics. The Methodology of Macroeconomic Thought will be welcomed by readers for its description and analysis of these schools in their own terms, as well as for the wider perspective it offers on methodology.

This is the second book celebrating Brian Loasby's contribution to economics by an internationally renowned group of authors including Mark Casson, G.B. Richardson, Nicolai Foss, Keith Pavitt, Martin Fransman and Richard Day. It extends Brian Loasby's work in the area of the theory of the firm and related methodological issues. This book is mainly concerned with the theory of the firm, a subject central to much of Brian Loasby's work. The authors begin by considering the existence and nature of firms and their internal and external relations, paying special attention to the themes of coordination and communication costs in a world of surprise and change. The discussion then moves on to the way in which firms use and create knowledge and capabilities, referring to questions of organization, with some detailed empirical investigation of high technology industries. The final part focuses on methodological issues including rationality, knowledge, incommensurability and equilibrium, in the context of different traditions. This book will be welcomed by microeconomists especially those interested in the theory of the firm and methodology.

Christopher Dow was one of the most accomplished British economists of the post-war generation. His influence - and relative anonymity - came from devoting his exceptional abilities to public service for most of his career, notably in the Bank of England.

The memoirs that he wrote during his time at the Bank shed an extraordinarily revealing light on what is widely recognised to have been one of the most difficult times for the UK economy since the 1930s, and many of these policy debates are re-emerging today in the wake of the 2007 recession. These memoirs are not only informative and topical for current economic policy, but also explore the nature of life at the top of the Bank during those troubled times, painting detailed portraits of key protagonists at the head of government.

This is the first of two books in honour of Brian Loasby which simultaneously pay tribute to the contributions he has made to economics and extend the realm of Loasby-inspired economics. The book includes new contributions from an internationally acclaimed group of authors including Israel Kirzner, Peter Swann, Giovanni Dosi, Peter Groenewegen, Richard Langlois and Don Lamberton. Together, they draw on and extend Brian Loasby's work in developing and applying theories of organization and knowledge. The book opens with an introduction to Brian Loasby's career, influences and research. This is followed by an examination of issues raised by the analysis of markets and entrepreneurial behaviour, focusing on Marshallian and Austrian approaches. In the middle of the volume the human action theme is maintained but the focus is shifted onto the dynamics of consumer demand. The final group of chapters apply a history of economic thought perspective to problems of information and knowledge, and aspects of scale and internal organization. Economic Organization and Economic Knowledge will be welcomed by those economists working in the areas of microeconomics particularly markets, innovation, the theory of the firm, consumption, information and knowledge and competition.

In these twelve essays, spanning fifteen years, Victoria Chick develops a distinctive view of macroeconomics (especially the economics of Keynes) and monetary theory. By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.

In this important new book, Sheila Dow argues that money is integral to the economic process and that some common principles may be applied when analysing money's role at the regional, national and international levels. The importance of considering the spatial aspects of money's role has been highlighted by recent developments in Europe and elsewhere.Using a post Keynesian perspective, the first five chapters put forward a methodological and theoretical framework for a theory of money which combines endogenous credit creation and liquidity preference. The next five chapters analyse money's role in the economic process as it affects regional economies. The final two chapters adapt the theory in order to analyse finance and development in the international context, and as a basis for discussing possible international institutional reforms. Money and the Economic Process features some of Sheila Dow's most acclaimed articles and papers in this area, as well as including some new work which reveals the recent development of her thought.

In these twelve essays, spanning fifteen years, Victoria Chick develops a distinctive view of macroeconomics (especially the economics of Keynes) and monetary theory. By careful and rigorous analysis in which nothing is taken for granted, she uncovers the implicit assumptions of economic theory and argues, in a variety of contexts, that differences of economic method and the influence of the stylised facts are decisive forces, both in the construction of theories and in appraising their contemporary relevance.

A personal memoir from Christopher Dow, an influential British economist and a key player in the banking establishments of the post-war era. Contains insights and revelations into the issues and protagonists shaping British economic policy in the late 20th Century.