The theory of monopoly capital is central to any satisfactory analysis of accumulation and stagnation in advanced capitalist economies. This major new book presents in one volume recent discussions of monopoly capitalism to emphasize the centrality and vitality of this tradition in modern political economy.Following the work of Kalecki, Steindl and Baran and Sweezy, a number of leading economists address key issues such as the calculation of the economic surplus, the division of income between labour and capital, oligopoly collusion over output and pricing, the growth of unproductive activity, the degree of monopoly, surplus absorption and stagnation and the history of the present crisis.

John P. Henderson's The Life and Economics of David Ricardo represents the first comprehensive personal and intellectual biography of the brilliant and influential British economist. Employing the talents of both a biographer and an economist, the author examines Ricardo's early years, his Sephardic origins and his employment in the London financial markets, as well as his later work on money and banking, international trade, economic instability and the theory of rent and value. Henderson also provides a thorough investigation of Ricardo's relationships with Thomas Robert Malthus and other classical economists. The Life and Economics of David Ricardo will be of interest not only to historians of economic thought and students of economics, but also to any economist working in the Ricardian or Classical Political Economy tradition.

The Elgar Companion to Economics and Philosophy aims to demonstrate exactly how these two important areas have always been linked, and to illustrate the key areas of overlap. The Companion is divided into distinct parts, each of which highlights a leading area of scholarly concern: political economy conceived as social philosophy; the methodology and epistemology of economics; and social ontology and the ontology of economics. The contributors are well-known and distinguished authors from a variety of disciplines, who have been invited both to survey and to provide a personal assessment of current and prospective future states of their respective areas of philosophical interest. Academics and students who have an interest in economics and philosophy, political philosophy and the history of ideas will find this book of great appeal, as will researchers working in the field and readers interested in the nature of the discipline of economics.

This book examines the different conceptions of the individual that have emerged in recent new approaches in economics, including behavioral economics, experimental economics, social preferences approaches, game theory, neuroeconomics, evolutionary and complexity economics, and the capability approach. These conceptions are classified according to whether they seek to revise the traditional atomist individual conception, put new emphasis on interaction and relations between individuals, account for individuals as evolving and self-organizing, and explain individuals in terms of capabilities. The method of analysis uses two identity criteria for distinguishing and re-identifying individuals to determine whether these different individual conceptions successfully identify individuals. Successful individual conceptions account for sub-personal and supra-personal bounds on single individual explanations. The former concerns the fragmentation of individuals into multiple selves; the latter concerns the dissolution of individuals into the social. The book develops an understanding of bounded individuality, seen as central to the defense of human rights.

Interest in John Maynard Keynes's economic, political and philosophical thinking has undergone a tremendous revival in the last decade. The essays and comments collected in this volume were written on a set of themes representative of the current state of interpretation of Keynes's thinking. Some of the topics investigated have received much attention in the past, and some are of more recent interest. In the former category are topics on standard issues in the interpretation of Keynes's economics: the transition in Keynes's thinking from the The Treatise on Money to The General Theory, the nature of the argument in The General Theory, and Keynes's economic policy views. The latter category introduces themes of a wider nature, and includes two papers on Keynes's vision and one on Keynes's philosophical thinking. The strategy adopted in the selection of topics was to review the debates over Keynes's economics from fresh perspectives, and then go on to supply discussions of broader issues concerning the nature of Keynes as a thinker. This collection as a whole adds to our general understanding of Keynes's work, and contributes to the current revival of interest in Keynes.

The Elgar Companion to Economics and Philosophy aims to demonstrate exactly how these two important areas have always been linked, and to illustrate the key areas of overlap. The Companion is divided into distinct parts, each of which highlights a leading area of scholarly concern: political economy conceived as social philosophy; the methodology and epistemology of economics; and social ontology and the ontology of economics. The contributors are well-known and distinguished authors from a variety of disciplines, who have been invited both to survey and to provide a personal assessment of current and prospective future states of their respective areas of philosophical interest. Academics and students who have an interest in economics and philosophy, political philosophy and the history of ideas will find this book of great appeal, as will researchers working in the field and readers interested in the nature of the discipline of economics.

As this comprehensive Companion demonstrates, social economics is a dynamic and growing field that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency. The Elgar Companion to Social Economics brings together the leading contributors in the field to elucidate a wide range of recent developments across different subject areas and topics. In so doing the contributors also map the likely trends and directions of future research. This Companion will undoubtedly become a leading reference source and guide to social economics for many years to come. Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics.

Warren J. Samuels has been a prominent figure in the study of economics in the twentieth century. This book brings together essays by leading scholars in the areas of economics in which Samuels has made his most important contributions: the history of economic thought, economic methodology, and institutional and post-Keynesian economics. This work is designed to give the reader a sense of the breadth and possibilities of economics. The essays, all published here for the first time, investigate issues such as: The institutional structures that shape economic activity and performance. The variety of approaches to economic analysis. The importance of the history of the discipline both inherently and for the study of economics in the modern age. With essays from leading scholars, collected and introduced by some of the most eminent authorities in the field, the work is a formidable volume, and one fit to honor one of the most renowned economists of our age.

This book addresses 'global social economy' which addresses the relation of capitalism to human flourishing, the role of international governance in the world economy, the transformation of work and use of time in internationalizing economies, cross-country developments in gender, poverty, and ageing, and ethics economic policy issues in the international economy. This edited collection examines the social nature of capitalism today, the possibilities for social and economic development in the world under the democratic leadership of the United Nations, and the middle ground between market and hierarchy occupied by gift exchange as a means of coordinating economic value creation and the creation of knowledge. It considers long term issues in the global social economy concerning gender and discrimination, intergenerational poverty transmission, and the role of ageing. From a variety of internationally acclaimed contributors, this collection introduces new social economic perspectives on the global economy that contest the neoliberal Washington Consensus view dominant until recent financial crises.

This important collection tackles the main developments and contributions by the leading individuals in the field of economic methodology since 1990. Volume one looks at the chief historical developments, including articles on Popper and Lakatos, rhetoric and discourse, realism, constructivism, the economics of science, and symmetry and reflexivity. The second volume focuses on new, leading approaches - feminist economic methodology, postmodernism, and methodological pluralism and open systems thinking - and also covers broad topics of concern - rationality, philosophy of mind, and evolution. Volume three brings together articles explaining the methodological choices of economists, and includes sections on models and assumptions, econometrics, microeconomics and macroeconomics, normative themes, formalism, and history of economics. The volume concludes with a set of discussions on the present state of economic methodology.

This book addresses ?global social economy? which addresses the relation of capitalism to human flourishing, the role of international governance in the world economy, the transformation of work and use of time in internationalizing economies, cross-country developments in gender, poverty, and ageing, and ethics economic policy issues in the international economy.

This edited collection examines the social nature of capitalism today, the possibilities for social and economic development in the world under the democratic leadership of the United Nations, and the middle ground between market and hierarchy occupied by gift exchange as a means of coordinating economic value creation and the creation of knowledge. It considers long term issues in the global social economy concerning gender and discrimination, intergenerational poverty transmission, and the role of ageing.

From a variety of internationally acclaimed contributors, this collection introduces new social economic perspectives on the global economy that contest the neoliberal Washington Consensus view dominant until recent financial crises.

The concept of the individual and his/her motivations is a bedrock of philosophy. All strands of thought at heart come down to a particular theory of the individual. Economics, though, is guilty of taking this hugely important concept without questioning how we theorise it. This superb book remedies this oversight.
The new approach put forward by Davis is to pay more attention to what moral philosophy may offer us in the study of personal identity, self consciousness and will. This crosses the traditional boundaries of economics and will shed new light on the distinction between positive and normative analysis in economics. With both heterodox and orthodox economics receiving a thorough analysis from Davis, this book is at once inclusive and revealing.

The concept of the individual and his/her motivations is a bedrock of philosophy. All strands of thought at heart come down to a particular theory of the individual. Economics, though, is guilty of taking this hugely important concept without questioning how we theorise it. This superb book remedies this oversight.
The new approach put forward by Davis is to pay more attention to what moral philosophy may offer us in the study of personal identity, self consciousness and will. This crosses the traditional boundaries of economics and will shed new light on the distinction between positive and normative analysis in economics. With both heterodox and orthodox economics receiving a thorough analysis from Davis, this book is at once inclusive and revealing.

For too long now, the issue of health care reform has been dominated by the techniques of mainstream economics and the constant application of the tools of cost-benefit analysis to an area that does not suit it.
Issues such as privacy, genetic testing and the allocation of organ transplants require a more sensitive approach to the setting of budgets, and so a more socially responsible attitude towards health care economics is emerging. John Davis has gathered together an impressive range of contributors to explore these phenomena.

Contents:
Part I Introduction Jeff Biddle, John B. Davis and Steven G. Medena
Part II The History of Economic Thought
1. The ignored history of the administrative tradition: the "mirror for princes" tradition S. Todd Lowry
2. A quintessential (ahistorical) tableau economique to sum up pre- and post-smith classical paradigms Paul Samuelson
3. Frank Knight as institutional economist Geoffrey Hodgson
4. From divergence to convergence: Irving Fisher and John R. Commons as champions of monetary reforms William J. Barber
5. Chamberlin and oligopoly A.W. Coats
6. The two phases of Kuznets' interest in Schumpeter Mark Perlman
7. The AEA and the radical challenge to American social science A.W. Coats
Part III Aspects of Economic Method
8. On the credentials of methodological pluralism Roger E. Backhouse
9. Some practical aspects of pluralism in economics Thomas Mayer
10. What econometrics can and cannot tell us about historical actors: brewing, betting and rationality in London, 1822-44 Philip Mirowski
Part IV The Legal-Economic Nexus
11. Putting the "political" back into political economy Peter Boettke
12. Output categories for a comparitive institutional economics Nicholas Mercuro
13. On the changing nature of the public utility concept: a study in the exercise of power and the search for reform Harry M. Trebing
Part V Aspects of Institutional and Post-Keynesian Economics
14. the institutional economics of Nobel prize winners A. Allan Schmid
15. The social value theory of J. Fagg Foster Marc R. Tool
16. Monetary policy in the 21st century in light of the debate between charalism and moetarism Paul Davidson
17. 1935 where we were - where we are 2000 Robert Solo

The Handbook of Economic Methodology is a major multidisciplinary reference work on the developing field of economic methodology. It consists of more than a hundred specially commissioned essays by leading scholars from around the world. This definitive volume provides detailed and authoritative coverage of crucial topics and issues that have developed in recent decades and introduces a variety of emerging themes which economic methodologists have begun to explore. This comprehensive Handbook includes a variety of substantive entries in which experts in the field summarise past achievements in economic methodology and indicate the direction of future research. They provide biographical entries to introduce important economists, methodologists and philosophers. The volume also focuses on economic issues to which economic methodology is central and wider intellectual themes that have impinged on economic methodology, from general movements in intellectual history to broad philosophical themes. Orthodox and heterodox approaches to economics and epistemological, ontological, logical and normative dimensions of economic methodology are discussed and evaluated. This magnificent reference work presents a state-of-the-art analysis of the evolution of economic methodology as well as prospects for its future development. The Handbook of Economic Methodology will be indispensable to those with an interest in economic methodology, the philosophy of economics and the history of economic thought.

Patrick Suppes (1922-2014) was an extraordinarily wide-ranging scholar. Although best known as a philosopher of science, Suppes made substantial contributions to a remarkably wide range of different fields of research including many relevant to economics: decision theory, philosophy of economics, modeling theory, foundations of measurement, philosophy of psychology (and thus what is now behavioral economics), and many other fields. This collection recognizes Suppes's contributions to economics and economic methodology with a symposium of papers that examine, build on, and/or assess Suppes's research in these areas. The authors include philosophers, economists, game theorists, historians of economics, and many whose research combine these fields. This book honors Patrick Suppes, while at the same time, exhibiting the richness of contemporary philosophy of economics. It was originally published as a special issue of the Journal of Economic Methodology.

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

The analytical approach of standard health economics has so far failed to sufficiently account for the nature of care. This has important ramifications for the analysis and valuation of care, and therefore for the pattern of health and medical care provision. This book sets out an alternative approach, which places care at the center of an economics of health, showing how essential it is that care is appropriately recognized in policy as a means of enhancing the dignity of the individual. Whereas traditional health economics has tended to eschew value issues, this book embraces them, introducing care as a normative element at the center of theoretical analysis. Drawing upon care theory from feminist works, philosophy, nursing and medicine, and political economy, the authors develop a health care economics with a moral basis in health care systems. In providing deeper insights into the nature of care and caring, this book seeks to redress the shortcomings of the standard approach and contribute to the development of a more person-based approach to health and medical care in economics. Health Care Economics will be of interest to researchers and postgraduate students in health economics, heterodox economists, and those interested in health and medical care.

This comprehensive second edition of The Elgar Companion to Social Economics presents an overview of a dynamic and growing field in economics that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency.Leading contributors in the field elucidate a wide range of recent developments across different subject areas and topics. Contributors map the likely trends and directions of future research, making this second edition of the Companion a leading reference source and guide to social economics for many years to come. Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics. Contributors include: R. Aalbers, M. Altman, D.B. Audretsch, P. Bardhan, P.D. Bush, J. C. Caldas, D. Campbell, M.D. Carr, L.F. Carvalho, M.M. Co gel, F.A. Cowell, C. Dannreuther, J.B. Davis, A. Deshpande, G. DeMartino, W. Dolfsma, S.C. Dow, W.M. Dugger, Z. Emami, D.M. Figart, D. George, I. Grabel, S.P. Hargreaves Heap, G.M. Hodgson, M. Keilbach, O. Kessler, S. Kesting, M. Klaes, A. Kleinknecht, E. Kuiper, H. Lopes, C. Lutz, A. Mayhew, B. McMaster, A. Mehmood, P. Mellizo, F. Moulaert, E. Mutari, P.A. O'Hara, J. Paavola, M. Power, I. Ray, J. Rodrigues, I. Ropke, H. Schenk, N. Sirven, M.A. Starr, G. van der Velde, I. van Staveren, J. Vail, M.D. White, L.R. Wray

Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book. Contributors: A. Alexandrova, E. Angner, R.E. Backhouse, B.W. Bateman, P.L. Borrill, L. Bruni, D. Colander, J.B. Davis, K. Dopfer, P. Garcia Duarte, D.W. Hands, D.M. Haybron, F. Heukelom, G.M. Hodgson, K. Juselius, U. Maki, C. Marchionni, T. Mata, P. Mirowski, P.L. Porta, D. Ross, A.C. Santos, L. Tesfatsion, P. Tubaro, K. Vela Velupillai, J. Vromen, L.R. Wray, S. Zambelli

The economics of social institutions has been a well-established research field for over a century, one that continues to expand and to develop new areas of investigation. Here Professor Davis and Dr Christoforou bring together in one easily accessible volume the most significant contributions by leading figures in this area. The volume provides a comprehensive review of the origins and development of the economics of social institutions and addresses the main theoretical and policy concerns that have occupied scholars and researchers. With an insightful original introduction by the editors, this collection is a key resource which will make an invaluable contribution to advancing future thinking in this evolving area of study.

Economic methodology has traditionally been associated with logical positivism in the vein of Milton Friedman, Karl Popper, Imre Lakatos and Thomas Kuhn. However, the emergence and proliferation of new research programs in economics have stimulated many novel developments in economic methodology. This impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology. Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics. This important compendium will prove invaluable for researchers and postgraduate students of economic methodology and the philosophy of economics. Practitioners in the vanguard of new economic thinking will also find plenty of useful information in this path-breaking book. Contributors: A. Alexandrova, E. Angner, R.E. Backhouse, B.W. Bateman, P.L. Borrill, L. Bruni, D. Colander, J.B. Davis, K. Dopfer, P. Garcia Duarte, D.W. Hands, D.M. Haybron, F. Heukelom, G.M. Hodgson, K. Juselius, U. Maki, C. Marchionni, T. Mata, P. Mirowski, P.L. Porta, D. Ross, A.C. Santos, L. Tesfatsion, P. Tubaro, K. Vela Velupillai, J. Vromen, L.R. Wray, S. Zambelli

Interest in John Maynard Keynes's economic, political and philosophical thinking has undergone a tremendous revival in the last decade. The essays and comments collected in this volume were written on a set of themes representative of the current state of interpretation of Keynes's thinking. Some of the topics investigated have received much attention in the past, and some are of more recent interest. In the former category are topics on standard issues in the interpretation of Keynes's economics: the transition in Keynes's thinking from the The Treatise on Money to The General Theory, the nature of the argument in The General Theory, and Keynes's economic policy views. The latter category introduces themes of a wider nature, and includes two papers on Keynes's vision and one on Keynes's philosophical thinking. The strategy adopted in the selection of topics was to review the debates over Keynes's economics from fresh perspectives, and then go on to supply discussions of broader issues concerning the nature of Keynes as a thinker. This collection as a whole adds to our general understanding of Keynes's work, and contributes to the current revival of interest in Keynes.