This edited collection looks at the emerging relationship between politics and economics. The analysis of power relations - traditionally the focus of political science - is becoming increasingly important to economists in order to understand concepts such as the 'contested nature' of market exchanges. These papers examine power relations in the firm and the market place and offer an economic perspective of political relations. The book is divided into three sections: * politics and power in economic organizations * the economic analysis of political organizations * politics, economics and social change The final section considers how a combination of economic and political tools can be used effectively to analyse social change.

Originally published in 1986, Bowles and Gintis present a critique of contemporary Marxian and liberal political theory. They show that 'capitalism' and 'democracy' - although widely held jointly to characterize Western society - are sharply contrasting systems regulating both the process of human developement and the historical evolution of whole societies. They examine in detail the relationship between political theory and economics, and explore the multifaceted character of power in modern societies.

Originally published in 1986, Bowles and Gintis present a critique of contemporary Marxian and liberal political theory. They show that 'capitalism' and 'democracy' - although widely held jointly to characterize Western society - are sharply contrasting systems regulating both the process of human developement and the historical evolution of whole societies. They examine in detail the relationship between political theory and economics, and explore the multifaceted character of power in modern societies.

This edited collection looks at the emerging relationship between politics and economics. The analysis of power relations - traditionally the focus of political science - is becoming increasingly important to economists in order to understand concepts such as the 'contested nature' of market exchanges. These papers examine power relations in the firm and the market place and offer an economic perspective of political relations. The book is divided into three sections:
* politics and power in economic organizations
* the economic analysis of political organizations
* politics, economics and social change
The final section considers how a combination of economic and political tools can be used effectively to analyse social change.

This critique of Reaganomics attempts to provide alternatives to both the supply experiments of the 1980s and neoliberal strategies of austerity. It presents arguments for economic democracy with a worker-oriented blueprint for improving productivity, growth, employment and economic justice.

These two volumes collect some of the principal articles that have contributed to the renewal and development of radical political economy during the past generation. Radical Political Economy draws upon Marxian, institutional and Keynesian perspectives to construct a new and comprehensive analysis of modern capitalism, seeking to integrate the horizontal (competition), vertical (command), and time (change) dimensions of economic and other social relations.

David Gordon was a pioneer in the burgeoning field of institutional growth economics, introducing the concept of a 'social structure of accumulation', and richly illustrating its usefulness with both econometric and historical studies. Gordon also helped to develop the theory of segmented labor markets and contributed to the econometric and historical analysis of their evolution. This authoritative collection of his most influential works - selected and introduced by his two closest collaborators - embraces the full range of his lifelong scholarly endeavor to deploy modern economic reasoning in the cause of social justice. The work opens with an introduction and overview of David Gordon's career and published work. This is followed by his major essays on a great variety of topics, including the economics of crime, urban history, wage stagnation in the US economy, the organization of work, the 'top-heavy' modern corporation, the social and institutional determinants of productivity growth and the globalization of economic life, as well as labor market segmentation and the social structure of accumulation. Gordon's synthesis of questions of neo-Marxian and more conventional provenance, and his integration of historical and econometric methods in providing answers, makes Economics and Social Justice a unique and intellectually rewarding analysis of contemporary capitalism.

This critique of Reaganomics attempts to provide alternatives to both the supply experiments of the 1980s and neoliberal strategies of austerity. It presents arguments for economic democracy with a worker-oriented blueprint for improving productivity, growth, employment and economic justice.

Would improving the economic, social, and political condition of the world's disadvantaged people slow--or accelerate--environmental degradation? In "Inequality, Cooperation, and Environmental Sustainability," leading social scientists provide answers to this difficult question, using new research on the impact of inequality on environmental sustainability.

The contributors' findings suggest that inequality may exacerbate environmental problems by making it more difficult for individuals, groups, and nations to cooperate in the design and enforcement of measures to protect natural assets ranging from local commons to the global climate. But a more equal division of a given amount of income could speed the process of environmental degradation--for example, if the poor value the preservation of the environment less than the rich do, or if the consumption patterns of the poor entail proportionally greater environmental degradation than that of the rich. The contributors also find that the effect of inequality on cooperation and environmental sustainability depends critically on the economic and political institutions governing how people interact, and the technical nature of the environmental asset in question. The contributors focus on the local commons because many of the world's poorest depend on them for their livelihoods, and recent research has made great strides in showing how private incentives, group governance, and government policies might combine to protect these resources.

Why do humans, uniquely among animals, cooperate in large numbers to advance projects for the common good? Contrary to the conventional wisdom in biology and economics, this generous and civic-minded behavior is widespread and cannot be explained simply by far-sighted self-interest or a desire to help close genealogical kin.

In "A Cooperative Species," Samuel Bowles and Herbert Gintis--pioneers in the new experimental and evolutionary science of human behavior--show that the central issue is not why selfish people act generously, but instead how genetic and cultural evolution has produced a species in which substantial numbers make sacrifices to uphold ethical norms and to help even total strangers.

The authors describe how, for thousands of generations, cooperation with fellow group members has been essential to survival. Groups that created institutions to protect the civic-minded from exploitation by the selfish flourished and prevailed in conflicts with less cooperative groups. Key to this process was the evolution of social emotions such as shame and guilt, and our capacity to internalize social norms so that acting ethically became a personal goal rather than simply a prudent way to avoid punishment.

Using experimental, archaeological, genetic, and ethnographic data to calibrate models of the coevolution of genes and culture as well as prehistoric warfare and other forms of group competition, "A Cooperative Species" provides a compelling and novel account of how humans came to be moral and cooperative.

"Sam Bowles reminds the student from the first page to the last that microeconomic theory is an attempt to understand economic institutions in order to inspire us to improve the world. This book may be a turning point in bringing economics back to its real political economic roots."--Ariel Rubinstein, Tel Aviv University and Princeton University

"The standard neoclassical competitive model of economic behavior has been significantly extended in the last fifty years by emphasis on interaction among small groups (game theory), on extended models of human motivation based in part on human evolution, and on divergent information bases of participants. A rich but scattered literature has now received a brilliant synthesis and development in Samuel Bowles's new book. "Microeconomics" will be an indispensable part of future teaching in microeconomics at the graduate or advanced undergraduate levels, as well as an excellent source of information for the practicing economist."--Kenneth J. Arrow

"Homo economicus is dead, but whose Homo behavioralis will replace him? For those who care, this sustained and honest attempt to explore the implications for economic theory of one of the leading candidates is essential reading."--Ken Binmore, University College London

"An important and highly original book that shows how an evolutionary version of microeconomics can be brought to bear on central questions of economic growth and organization."--Peyton Young, Johns Hopkins University

"This is one of the most engaging books of its kind that has been written, intellectually challenging and a pleasure to read. It presents an innovative and unconventional perspective on microeconomics and, as such, is a book that many will want to teach from--I will."--Kaushik Basu, Cornell University

"Bowles does a masterful job of expanding the boundaries of received microeconomic theory by drawing upon cutting edge ideas from behavioral and experimental economics, evolutionary game theory, and the new institutional economics. I don't know of anyone who has woven such a wide range of literature into an equally coherent vision of post-Walrasian microeconomic theory."--Gregory Dow, Simon Fraser University

Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. Neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. Similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. The book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.

"This seminal work . . . establishes a persuasive new paradigm."--"Contemporary Sociology"

No book since "Schooling in Capitalist America" has taken on the systemic forces hard at work undermining our education system. This classic reprint is an invaluable resource for radical educators.

Samuel Bowles is research professor and director of the behavioral sciences program at the Santa Fe Institute, and professor emeritus of economics at the University of Massachusetts.

Herbert Gintis is an external professor at the Santa Fe Institute and emeritus professor of economics at the University of Massachusetts.

Bowles and Halliday capture the intellectual excitement, analytical precision, and policy relevance of the new microeconomics that has emerged over the past decades. Drawing on themes of the classical economists from Smith through Marx and 20th century writers - including Hayek, Coase, and Arrow - the authors use twenty-first century analytical methods to address enduring challenges in economics. The subtitle of the work - Competition, conflict, and coordination - signals their focus on how the institutions of a modern capitalist economy work, introducing students to recent developments in the microeconomics of credit and labor markets with asymmetric information, a dynamic analysis of how firms compete going beyond price taking, as well as bargaining over the gains from exchange, social norms, and the exercise of power. The new benchmark model proposed by Bowles and Halliday is based on an empirical approach to economic actors and problems. They start from the premise that contracts are incomplete, and that as a result market failures, rather than being a special case illustrated by environmental spillovers, are to be expected in markets for labor, credit, knowledge and throughout the economy. They explain how experiments show that human motivations include ethical as well as other-regarding preferences (rather than entirely self-interested) and explain why the technologies of knowledge-based economies are a source of winner-take-all rather than stable competition. The authors also consider the intrinsic limits of mechanism design and governmental interventions in the economy. Teaching recent developments in microeconomic theory allows the authors to provide students with the tools to analyze and engage in informed debate on the issues that concern them most: climate change, inequality, innovation, and epidemic spread. Tradeoffs are highlighted by providing models in which capitalism can be seen as an "innovation machine" that raises material living standards on average, while at the same time sustaining levels of inequality that many find to be unfair. Digital formats and resources This title is available for students and institutions to purchase in a variety of formats and is supported by online resources. The e-book offers a mobile experience and convenient access along with self-assessment activities, video content, and links that offer extra learning support. For more information visit: www.oxfordtextbooks.co.uk/ebooks/ Drawing on the authors' decades of teaching the new microeconomics, this title is supported by a range of online resource for students and lecturers including multiple-choice-questions with instant feedback, interactive graphing features, walkthrough videos illuminating core concepts, further mathematical and discussion-based questions, a fully customizable test bank for lecturer use, PowerPoint slides to accompany each chapter, worksheets that can be assigned to the class, and answers to the problems set in the book.

Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations.

Amartya Sen, John Roemer, Robert M. Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe.

The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions. Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.

""Unequal Chances" collects important essays on the determinants of lifetime inequality. It changes the way we think about American society."--James J. Heckman, Nobel Prize-winning economist

"In analyzing the persistence of economic inequality between generations, the authors of this book make major advances. They add to the literature demonstrating that this persistence is much stronger than has often been supposed, and they further challenge the conventional wisdom in emphasising the importance of the intergenerational transmission of noncognitive attributes."--John Goldthorpe, University of Oxford

"America believes that we both have adequate social mobility and that it reflects a social Darwinism of just rewards. This powerful collection punctures both assumptions. Forty years after John Kennedy courageously pointed to the unfair inheritance of both wealth and poverty in America, this rigorous analysis demonstrates that parents' wealth, race, and schooling are ever more determinant of life chances. We can only hope that moral and policy judgments will be informed and inspired by this work."--Anthony Marx, president of Amherst College

"This book takes a first cut at bringing together the many pieces of the complex puzzle of economic opportunity in market societies. This is a very important topic, and the book reaches into several disciplines to gain perspective. It is well timed, well conceived, and well executed; it makes for a great read. In addition, many of the pieces draw on multiple data sources to gain a broader picture. This makes the contributions, both individually and collectively, not only excellent pieces of scholarship but different from the normal journalfare."--Martina Morris, University of Washington, coauthor of "Divergent Paths"

"A consensus has emerged of late that the correlation between economic origins and destinations is higher than scholars used to think it was--maybe more than twice as high. The scholars contributing to this volume did the research that forged the new consensus. Bringing their work together in a systematic way is a service to the research community and the public. "--Michael Hout, University of California, Berkeley, coauthor of "Inequality by Design: Cracking the Bell Curve Myth"