LibGuides: E-Books: Economics

Overview

General Economics
Alternative Economics
Austrian School of Economics
Capitalism
Classical Economics
Econometrics
Economic History

General Economics

21st Century Economics: A Reference Handbook Interest in economics is at an all-time high. Among the challenges facing the nation is an economy with rapidly rising unemployment, failures of major businesses and industries, and continued dependence on oil with its wildly fluctuating price. Economists have dealt with such questions for generations, but they have taken on new meaning and significance. Tackling these questions and encompassing analysis of traditional economic theory and topics as well as those that economists have only more recently addressed, 21st Century Economics: A Reference Handbook is a must-have reference resource. Key Features Provides highly readable summaries of theory and models in key areas of micro and macroeconomics
Debunking Economics : The Naked Emperor Dethroned? In this updated and expanded edition, Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics is a signpost to a better future.
Europe's Crisis, Europe's Future The eurozone crisis started in Greece in 2009–10, spread into Ireland and Portugal, and, from there, quickly spread to the larger economies of Spain and Italy. By the autumn of 2011, it threatened the entire global financial system. In Europe's Crisis, Europe's Future, an international group of economic analysts provides an insightful view of the crisis. How did mismanagement of a crisis in a marginal economy spark such a wildfire?
Global Economy
Imperialism, Crisis and Class Struggle : The Enduring Verities and Contemporary Face of Capitalism This book of essays, written in honour of James Petras, address some of the most critical issues of our time: those of imperialism, crisis and class struggle. These issues allow the authors to identify both the ‘the enduring verities and contemporary face of capitalism and Petras' contributions.
Mainstream Growth Economists and Capital Theorists : A Survey Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Taking into account the historical background, the multitude of interpretations of modern growth models, and the geography of mainstream economists, Mainstream Growth Economists and Capital Theorists will simplify the structure of growth theory for the next generation of economists.
Principles of Economics This book is designed to provide a comprehensive introduction to the economic theories, both the established and the less orthodox, behind some of the most vital areas of economics today. The topics covered include welfare economics, international trade, income and employment, trade cycles and economic growth, public finance and economic systems. Each topic is clearly elucidated with different theories and models lucidly explained with the help of diagrams and graphs. For each chapter there are exercises and multiple choice questions. The author, a professor of economics, is the author of many books and numerous research articles on economic theory.
The ABCs of Political Economy : A Modern Approach This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today. Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, ABCs offers a critical perspective on our present system and outlines clear alternatives for the future. This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing' Great Recession', and why government policies in Europe and North America over the past six years have failed to improve matters for the majority of their citizens. The second edition also helps explain what is causing climate change and what will be required if it is to be resolved effectively and fairly.
What Money Wants : An Economy of Desire Through the works of Karl Marx, Thorstein Veblen, and Max Weber, What Money Wants argues that money is first and foremost an object of desire. In contrast to the common notion that money is but an ordinary object that people believe to be money, this book explores the theoretical consequences of the possibility that an ordinary object fulfills money's function insofar as it is desired as money. Rather than conceiving of the desire for money as pathological, Noam Yuran shows how it permeates economic reality
World Economic Situation and Prospects The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations, it is jointly produced by the Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and the five United Nations Regional Commissions.

Alternative Economics

Capitalism and Its Alternatives In Capitalism and Its Alternatives, Chris Rogers provides a critical introduction to theories of capitalism and to the forms of its crises in historical and contemporary contexts, as well as reflecting on the practice of anti-capitalism and the ways that economic and social relations are shaped, reshaped and resisted. Crucially, the book asks two key questions: What alternatives to capitalism exist? And by what processes and through what institutions might they be achieved?
Realizing Hope : Life Beyond Capitalism eone once said that it is easier to imagine the end of the world than to imagine the end of capitalism. Michael Albert would disagree. Realizing Hope offers a speculative vision of a future beyond capitalism - an alternative to the exploitation of human labour, the unchecked destruction of the earth, and the oppression of all for the benefit of the few. Participatory economics - parecon for short - is Albert's concrete proposal for a classless economy, developed from anarchist principles first introduced by Kropotkin, Bakunin, Pannekoek and others. In this classic text, Albert takes the insights and hopes of parecon and enlarges them to address all key aspects of social life and society - gender, culture, politics, science, technology, journalism, ecology, and others. Realizing Hope provides vision to help us all together conceive a world that might be just over the horizon, a world we can begin building today.
Crises of Imagination, Crises of Power : Capitalism, Creativity and the Commons Today, when it seems like everything has been privatized, when austerity is too often seen as an economic or political problem that can be solved through better policy, and when the idea of moral values has been commandeered by the right, how can we re-imagine the forces used as weapons against community, solidarity, ecology and life itself? In this stirring call to arms, Max Haiven argues that capitalism has colonized how we all imagine and express what is valuable. Looking at the decline of the public sphere, the corporatization of education, the privatization of creativity, and the power of finance capital in opposition to the power of the imagination and the growth of contemporary social movements, Haiven provides a powerful argument for creating an anti-capitalist commons. Capitalism is not in crisis, it is the crisis, and moving beyond it is the only key to survival. Crucial reading for all those questioning the imposition of austerity and hoping for a fairer future beyond it.

Austrian School of Economics

Behavioral Strategy : Emerging Perspectives Behavioral Strategy: Emerging Perspectives contains contributions by leading scholars in the field of behavioral strategy research. The 9 chapters in this volume cover a number of significant topics that speak to the emerging perspectives in the area of behavioral strategy. The chapter topics cover both the broader issues, such as cooperative behavior in strategic decision making, cognitive orientation and biases of executives, dynamics capabilities in organizational change, and the development of metamanagement practices, and the more focused discussions on a behavioral view of business modeling, the tenets of agency theory and Austrian economics, and the temporal dimensions of strategic risk behavior. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on behavioral strategy.
Evolutionary Psychology and Economic Theory The contributors to this volume seriously engage issues in the crossroads where biology, psychology, and economics meet. . The volume includes a symposium on group selection and methodological individualism. In an important paper, D. G. Whitman argues that group selection and methodological individualism are'compatible and complementary. Comments from Elliot Sober & David Sloan Wilson, Richard Langlois, Todd Zywicki, and Adam Gifford offer a heterogeneous set of responses to Whitman's argument. Roger Koppl's introduction constitutes a review
Hayek in Mind: Hayek's Philosophical Psychology Hayek's philosophical psychology as set out in his The Sensory Order (1952) has, for the most part, been neglected. Despite being lauded by computer scientist grandee Frank Rosenblatt and by Nobel prize-winning biologist Gerald Edelman, cognitive scientists -- with a few exceptions -- have yet to discover Hayek's philosophical psychology. On the other hand, social theorists, Hayek's traditional disciplinary constituency, have only recently begun to take note and examine the importance of psychology in the complete Hayek corpus. This volume brings together for the first time state-of-the-art contributions from neuroscientists and philosophers of mind as well as economists and social theorists, all critically engaging in many aspects of Hayek's philosophical psychology.
Microfoundations and Macroeconomics : An Austrian Perspective In the past, Austrian economics has been seen as almost exclusively focused on microeconomics. Here,Steven Horwitz constructs a systematic presentation of what Austrian macroeconomics would look like. This original and highly accessible work will be of great value and interest to professional economists and students.
Neoclassical Microeconomic Theory : The Founding Austrian Vision Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870's and 1930's. The author begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited between them: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and distribution.
New Perspectives on Austrian Economics In recent years there has been a spectacular revival of interest in the economics of the Austrian school.New Perspectives on Austrian Economics includes•A keynote chapter by Israel Kirzner on the question of subjectivism within Austrian Economics•Chapters on Menger, Hayek and Schumpeter•the Socialist Calculation debate•Austrian perspectives on key theoretical issues including Uncertainty and Business Cycle Theory•the policy implications of Austrian economics
The Driving Force of the Market : Essays in Austrian Economics This book offers a unique insight into the character of Austrian economics. This work also collects the recent work of the leading authorities in this area, and will be an indispensible tool for all those interested in the implications of Austrian approach on economics. The author also examines •the market economy •theories of Competition and Entrepreneurship •the Mises-Hayek legacy.
The Dynamics of Intervention : Regulation and Redistribution in the Mixed Economy Since the works by Ludwig von Mises and F.A. von Hayek in the 1920s, the Austrian School of Economics has developed a unique analysis of how the interventions by governments may cause problems, which in turn may lead to calls for further intervention. The Austrian concept of how such a dynamic of interventionism may evolve has however never been very influential outside the Austrian School nor been widely applied for empirical studies. This volume seeks to bring together economists and political scientists with perspectives from both Austrian and public choice analysis so as to further enrich and apply the Mises-Hayek logic, as well as critically assess its value.
The Evolution of Consumption : Theories and Practices The theory of consumer choice fills the opening chapters of any micro-economic textbook. Yet, surprisingly, this position of privilege has not translated into a flourishing of economic research that is comparable to what has happened in other branches of economic reasoning. Starting with Menger, the Austrian economic tradition has always shifted the focus of attention from the problem of equilibrium to that of social order, to the evolution of norms, institutions and practices that favor social cooperation and coordination. Within this tradition competition and markets are not viewed as states, but as processes in which change and errors occur and efficiency is reached but also easily lost.
The Philosophy of the Austrian School The Austrian School has made some of the most significant contributions to the social sciences in recent times but attempts to understand it have remained locked in a polemical frame. In contrast, The Philosphy of the Austrian School presents a philosophically grounded account of the School's methodological, political and economic ideas. Whilst acknowledging important differences between the key figures in the School - Menger, Mises, and Hayek - Raimondo Cubeddu finds that they also have significant things in common. Paramount amongst these are theories of subjective value and notions of spontaneous order, both of which rest on theories of seminal avenues of research in the social sciences and a major reformulation of liberal ideology.
The Social Science of Hayek's The Sensory Order 'The Social Science of Hayek's'The Sensory Order''systematically examines the relevance and significance of Hayek's cognitive psychology for economics and social science, and is the only publication of its kind to do so. Sixteen original papers are divided into four parts in this volume: Hayek's Cognitive Psychology, Evolution, and Social Theory; Hayek's Cognitive Psychology and Economics; Hayek's Cognitive Psychology, Institutions, and Broader Social theory; and The Place of The Sensory Order in Hayek's Oeuvre: A Mini-Symposium.
What Is So Austrian About Austrian Economics? Leading scholars consider Austrian economics from several perspectives such as characteristic themes of entrepreneurship and uncertainty, scientific methods such as mathematical complexity theory and experimental economics, and historical contexts such as pre-war Vienna and post-war France. Placing 'Austrian economics' in these multiple contexts helps to reveal the rich texture of the Austrian tradition in social thought and its multiple connections to current research in diverse fields. Applications

Capitalism

Business As Usual : The Roots of the Global Financial Meltdown Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different.
Capitalism and Its Alternatives Chris Rogers provides a critical introduction to theories of capitalism and to the forms of its crises in historical and contemporary contexts, as well as reflecting on the practice of anti-capitalism and the ways that economic and social relations are shaped, reshaped and resisted. Crucially, the book asks two key questions: What alternatives to capitalism exist? And by what processes and through what institutions might they be achieved?
Corporate Capitalism and Political Philosophy This book is a political philosophical critique of corporate capitalism. Corporate capitalism is usually examined from a sociological or economic viewpoint, and this book breaks new ground in providing a thorough account of the mechanisms which define it from a philosophical perspective, revealing how these processes determine the way we live today. Marxist and other left-oriented political philosophies had ideological roots that were based, sometimes incongruously, on particular economic and sociological readings of the capitalist process.
Crises of Imagination, Crises of Power : Capitalism, Creativity and the Commons Today, when it seems like everything has been privatized, when austerity is too often seen as an economic or political problem that can be solved through better policy, and when the idea of moral values has been commandeered by the right, how can we re-imagine the forces used as weapons against community, solidarity, ecology and life itself? In this stirring call to arms, Max Haiven argues that capitalism has colonized how we all imagine and express what is valuable. Looking at the decline of the public sphere, the corporatization of education, the privatization of creativity, and the power of finance capital in opposition to the power of the imagination and the growth of contemporary social movements, Haiven provides a powerful argument for creating an anti-capitalist commons. Capitalism is not in crisis, it is the crisis, and moving beyond it is the only key to survival. Crucial reading for all those questioning the imposition of austerity and hoping for a fairer future beyond it.
Decent Capitalism : A Blueprint for Reforming Our Economies The recent crisis, created by finance capitalism, has brought us to the economic abyss. The excessive freedom of international markets has rapidly transformed into international panic, with states struggling to rescue and bail out a globalised financial sector. Reform is promised by our leaders, but in governments dominated by financial interests there is little hope of meaningful change. Decent Capitalism argues for a response that addresses capitalism's systemic tendency towards crisis, a tendency which is completely absent from the mainstream debate. The authors develop a concept of a moderated capitalism that keeps its core strengths intact while reducing its inherent destructive political force in our societies. This book argues that reforming the capitalist system will have to be far more radical than the current political discourse suggests. Decent Capitalism is a concept and a slogan that will inspire political activists, trade unionists and policy makers to get behind a package of reforms that finally allows the majority to master capitalism.
Economy and Society : Evolution of Capitalism
Ends in Sight : Marx/ Fukuyama/ Hobsbawn/ Anderson Following the disappearance of the Soviet Union, scholars across the political spectrum tackled the world-historical significance of the end of communism. This book addresses the balance-sheets of modern political history offered by three writers - Francis Fukuyama, Eric Hobsbawm and Perry Anderson - comparing them with the future projected by Marx in'The Communist Manifesto'. Gregory Elliott argues that Marx is central to all three accounts and that, along with the 'Manifesto', they form a quartet of analyses of the results and prospects of capitalism and socialism, which are of enduring significance for the Left. This book provides a readable survey of key historical and political thinkers that will appeal to anyone interested in modern political thought.
From Socialism to Capitalism : Eight Essays
Global History : A View From the Southv Responding to the need to take a fresh look at world history, hitherto dominated by Eurocentric ideologues and historians in their attempt to justify the nature and character of modern capitalism, Samir Amin looks in this book at the ancient world system and how it has influenced the development of the modern world. He analyses the origin and nature of modern globalization and the challenges it presents in achieving socialism and examines the role played by Central Asia in determining the course of world history as well as the different roads taken by Europe and China. The book looks closely at a theme that has been primordial to his contribution to political and economic thought: the question of unequal development.
Globalization : Neoliberal Challenge, Radical Responses In clear and concise terms, Robert Went demythologises globalization. He refutes the myth that globalization is an entirely new phenomenon and that it is an unavoidable process. While recognising that it poses serious strategic challenges to the Left, he argues that these challenges are not insurmountable and that there is hope for advocating real change. Went puts globalization into its historical perspective. He shows that there is no option of returning to the postwar mode of expansion, but that the current trend must be altered. If not, he warns of greater social inequality, levelling of wages, worsening of working conditions, life-threatening ecological deterioration and a pervasive dictatorship of the market. To combat this rampant globalization, Went challenges the Left to rebuild its own movement and offer up a credible alternative.
Inequality and the Global Economic Crisis Inequality has always been with us. With the growth of capitalism across the globe, inequalities of income, wealth and power became increasingly extreme. Written by economist Douglas Dowd, this book shows that the present banking crisis is the result of the growth of inequality across the globe. The expansion of the financial sector has brought incredible riches to a select few, at the expense of the majority. Inequality was ignored, or described as a necessary aspect of a booming global economy. With the collapse of the world markets, the fallacy of this position is clear. Inequality and the Global Economic Crisis shows how it is only by addressing inequality that we can secure the health of our economies in the future
Markets or Governments : Choosing Between Imperfect Alternatives Provides a formal theory of nonmarket failure, analyzing such problems as redundant costs, monopoly, frequency of unanticipated externalities, and bureaucracy in such nonmarket institutions as foundations, universities, and government.
Political Economy and Global Capitalism : The 21st Century, Present and Future This volume brings together original and timely writings by internationally renowned scholars that reflect on the current trajectories of global capitalism and, in the light of these, consider likely, possible or desirable futures. It offers theory-informed writing that contextualizes empirical research on current world-historic events and trends with an eye towards realizing a future of human, social and economic betterment.
Resisting McDonaldization George Ritzer's McDonaldization thesis argued that contemporary life is succumbing to the standardization, flexibility and practicability of fast-food service. This book brings together specially commissioned papers by leading social and cultural analysts to engage in a critical appraisal of the thesis. The contributors discuss the roots of the thesis, the rationalization of late modern life, the effects of increasing cultural commodification, the continuing prominence of American cultural and economic imperialism and the impact of globalization on social and cultural life. The strengths and weaknesses of the McDonaldization thesis are clearly evaluated and the irrational consequences of rationalization are pinpointed and critically developed.
The Business Cycle: Growth and Crisis Under Capitalism : Growth and Crisis Under Capitalism Are the recurring recessions of the capitalist world merely short-term adjustments to changing economic circumstances in a system that tends, in general, toward equilibrium? In this accessible study of the business cycle, Howard Sherman makes a powerful case that recessions and painful involuntary unemployment are endogenous to capitalism. Drawing especially on the work of Wesley Clair Mitchell, Karl Marx, and John M. Keynes, Sherman explains why the nature of the business cycle produces serious economic loss and misery during its contraction phase, just as it produces growth in its expansion phase
Capitalist State and Its Economy : Democracy in Socialism
The Crisis of Capitalist Democracy Judge Posner continues to react to the current economic crisis and reflect upon the impact on our views and reliance on capitalism. Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another.
The Ecological Rift : Capitalism’s War on the Earth Humanity in the twenty-first century is facing what might be described as its ultimate environmental catastrophe: the destruction of the climate that has nurtured human civilization and with it the basis of life on earth as we know it. All ecosystems on the planet are now in decline. Enormous rifts have been driven through the delicate fabric of the biosphere. The economy and the earth are headed for a fateful collision—if we don't alter course.In The Ecological Rift: Capitalism's War on the Earth environmental sociologists John Bellamy Foster, Brett Clark, and Richard York offer a radical assessment of both the problem and the solution. They argue that the source of our ecological crisis lies in the paradox of wealth in capitalist society, which expands individual riches at the expense of public wealth, including the wealth of nature. In the process, a huge ecological rift is driven between human beings and nature, undermining the conditions of sustainable existence:
The Gods That Failed : How Blind Faith in Markets Has Cost Us Our Future Two of our leading financial journalists demythologize the cult of free markets, and offer a devastating critique of the ideas and policies that have led to our current economic crisis
The Post-corporate World : Life After Capitalism

Classical Economics

Institutions, Behaviour and Economic Theory : A Contribution to Classical-Keynesian Political Economy This book is about the conceptual foundations of an intermediate way between liberalism and socialism: a synthesis of classical (Ricardian) and Keynesian political economy. Classical theory deals with proportions between individuals or collectives and society in tackling problems of distribution and value. Keynesian theory is concerned with the scale of economic activity as explained by effective demand. The economy considered is primarily a monetary production economy, not a market or a planned economy. The author sets up a system linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences.
Liberalizing Capital Movements : Some Analytical Issues This paper addresses the potential gains and risks of open capital markets by first looking at what classical economic theory suggests about the benefits of capital mobility and then examining the counterarguments arising from problems of incomplete information and other distortions. It shows that the risks of removing controls on flows of capital acrossnational borders are similar to those associated with removing controls on domestic financial institutions. The paper then explores how to manage liberalization to minimize the risks and maximize the benefits.
Microeconomic Theory Old and New : A Student's Guide Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text then presents challenges to the basic assumptions of the Walrasian system, posed by findings in behavioral economics and evolutionary game theory. Understanding both the Walrasian system and the theoretical and experimental critiques of classical economics is essential to those who ultimately work within the traditional framework and to those looking for an alternative, making this a must read for all students of economics.
Postindustrial Possibilities : A Critique of Economic Discourse While it is often acknowledged that we live in a'postindustrial'age, our economic concepts have lagged far behind our postmodern sensibility. In this incisive new work, the well-known sociologist, Fred Block, sheds obsolete and shopworn economic analysis by presenting a bold, sweeping reconceptualization of the economy. Postindustrial Possibilities provides a fresh understanding of the dynamics of postindustrial change while offering a roadmap for future economic thinking.Block takes as his point of departure the tired concepts of neo-classical economics which, while still dominant, fall short as tools for comprehending contemporary economic forces. In Block's mind, the failure to revise the concepts of industrial economics means that the reality of today's economy is increasingly understood as'through a glass darkly.'Intent on reinvigorating thinking in this area,
Readings In The Economics Of The Division Of Labor: The Classical Tradition Study of the progressive division of labor is a burgeoning industry in economics in recent years. Classical authors, dating back as early as 500 BC, have made insightful analyses on the determinants and implications of the division of labor. Unfortunately these writings are rather scattered and not readily accessible. This important book aims to fill this void, serving as a valuable source of reference for scholars interested in the economics of specialization. The volume begins with the precursors of political economy including the ancient Greeks, medieval Islamic scholastics and mercantilists, continues with the classical political economists and the neoclassicists, and concludes with the Austrian economists such as Hayek in the 1940s
The Literature of Political Economy : Collected Essays II Samuel Hollander is widely recognized as one of the most important and controversial historians of economic thought. This second volume collects together essays extending beyond classical economics, the subject with which he is most associated. This collection includes: • studies in Scholastic, Smithian and Marshallian literature • papers on the Corn-Law pamphlet literature of 1815, the post-Ricardian dissension, and the marginal revolution • essays on T.R. Malthus, including four bibliographical studies The volume also includes an autobiographical section and reviews of a broad range of important books published in the last thirty years.
The Rise of Political Economy As a Science : Methodology and the Classical Economists The Rise of Political Economy as a Science opens with a review of the epistemological ideas that inspired the classical economists: the methodological principles of Bacon, Descartes, Hobbes, Newton, Locke, Hume, Stewart, Herschel, and Whewell. These principles were influential not just in the development of political economy, but in the rise of social science in general. The author then examines science in eighteenth- and nineteenth-century Britain, with a particular emphasis on the all-important concept of induction. Having laid the necessary groundwork, she proceeds to a history and analysis of the methodologies of four economist-philosophers--Adam Smith, Robert Malthus, David Ricardo, and J. S. Mill--selected for their historical importance as founders of economics and for their common Scottish intellectual lineage. Concluding remarks put classical methodology into a broader historical perspective.
Utilitarianism A landmark of moral philosophy and an ideal introduction to ethics, this famous work balances the claims of individuals and society, declaring that all actions should produce the greatest happiness overall. This special edition has been carefully formatted for today's e-readers by Andrews UK.

Econometrics

Application of Dimensional Analysis in Economics Dimensional analysis is a tool which might be useful in this process, but one which, up to now, has been little explored in the economic sciences. This book explores the application of dimensional analysis in the field of economics. It has been structured in a way which corresponds to the formulation of economic quantities, and is divided into five sections: measuring of economic quantities, modeling of economic processes, principles of dimensional analysis, building of quantified dimensional models, and experiment and practical verification.
Econometric and Forecasting Models This book is an interdisciplinary compilation of articles written by various professors and practitioners working in the general area of economics, forecasting and allied fields. A diverse range of interesting articles, such as, tourism, outsourcing, unemployment, inflation, housing prices, infectious disease control, provide the reader a unique perspective about the existing research on that topic, using quantitative methods.
Econometric Analysis of Financial and Economic Time Series
Getting It Wrong : How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy Better financial data, Barnett argues, could have signaled the misperceptions and prevented the erroneous systemic-risk assessments. When extensive, best-practice information is not available from the central bank, increased regulation can constrain the adverse consequences of ill-informed decisions. Instead, there was deregulation. The result, Barnett argues, was a worst-case toxic mix: increasing complexity of financial instruments, inadequate and poor-quality data, and declining regulation. Following his accessible narrative of the deep causes of the crisis and the long history of private and public errors, Barnett provides technical appendixes, containing the mathematical analysis supporting his arguments.
Nonparametric Econometric Methods
Nonlinear Modeling of Economic and Financial Time-Series This volume aims to present recent researches in linear and nonlinear modelling of economic and financial time-series. The several discussions of empirical results of its chapters clearly help to improve the understanding of the financial mechanisms inherent to this crisis. They also yield an important overview on the sources of the financial crisis and its main economic and financial consequences. The book provides the audience a comprehensive understanding of financial and economic dynamics in various aspects using modern financial econometric methods. It addresses the empirical techniques needed by economic agents to analyze the dynamics of these markets and illustrates how they can be applied to the actual data. It also presents and discusses new research findings and their implications.
Practical Introduction to Econometric Methods : Classical and Modern
Principles of Econometrics : An Introduction (using R) 'This textbook makes learning the basic principles of econometrics easy for undergraduate and postgraduate students of economics. It specifically caters to the syllabus of Introductory Econometrics course taught in the third year of the Bachelor of Economics programme in many universities. Principles of Econometrics takes the readers step-by-step from introduction to understanding, first introducing the basic statistical tools like concepts of probability, statistical distributions and hypothesis tests, and then going on to explain the two variable linear regression models along with certain additional tools such as the use of dummy variables, various data transformations. The most innovative feature of this textbook is that it familiarizes students with the role of R, which is a flexible and popular programming language. Using R, student will be able to implement a linear regression model and deal with the associated problems with substantial confidence.'
Structural Econometric Models This volume of Advances in Econometrics focuses on recent developments in the use of structural econometric models in empirical economics. The papers in this volume are divided in to three broad groups. The first part looks at recent developments in the estimation of dynamic discrete choice models. The second part looks at recent advances in the area empirical matching models. The last group of three papers looks at empirical applications using structural econometric models.

Economic History

The Emergence of Organizations and Markets The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. They demonstrate that novelty arises from spillovers across intertwined networks in different domains. In the short run actors make relations, but in the long run relations make actors. This theory of novelty emerging from intersecting production and biographical flows is developed through formal deductive modeling and through a wide range of original historical case studies
Nation, State and the Economy in History Originally published in 2003, this book addresses the rarely explored subject of the reciprocal relationships between nationalism, nation and state-building, and economic change. Analysis of the economic element in the building of nations and states cannot be confined to Europe, and therefore these diverse yet interlinked case-studies cover all continents. Authors come to contrasting conclusions, some regarding the economic factor as central, while others show that nation-states came into being before the constitution of a national market.
Reconceptualizing the Industrial Revolution This collection of essays offers new perspectives on the Industrial Revolution as a global phenomenon. The fifteen contributors go beyond the longstanding view of industrialization as a linear process marked by discrete stages. Instead, they examine a lengthy and creative period in the history of industrialization, 1750 to 1914, reassessing the nature of and explanations for England's industrial primacy, and comparing significant industrial developments in countries ranging from China to Brazil.
ReORIENT : Global Economy in the Asian Age Andre Gunder Frank asks us to ReOrient our views away from Eurocentrism—to see the rise of the West as a mere blip in what was, and is again becoming, an Asia-centered world. In a bold challenge to received historiography and social theory he turns on its head the world according to Marx, Weber, and other theorists, including Polanyi, Rostow, Braudel, and Wallerstein. Frank explains the Rise of the West in world economic and demographic terms that relate it in a single historical sweep to the decline of the East around 1800. As a result, the'center'of the world economy is once again moving to the'Middle Kingdom'of China. Anyone interested in Asia, in world systems and world economic and social history, in international relations, and in comparative area studies, will have to take into account Frank's exciting reassessm
Research in Economic History Volume 30 contains articles on the economic history of Europe and the U.S. including 'Democratization and Central Government Spending, 1870-1938: Emergence of the Leviathan 'by Jari Eloranta, Svetlozar Andreev and Pavel Osinsky;'Swedish Regional GDP 1855-2000,'by Kerstin Enflo, Martin Henning and Lennart Schon;'Did the Fed Help to Form a More Perfect Monetary Union?'by John A. James and David F. Weiman;'The Anthropometric History of Native Americans, 1820-1890'by John Komlos and Leonard Carlson; and 'The dispersion of customs tariffs in France between 1850 and 1913: discrimination in trade policy,' by Becuwe Stephane and Blancheton Bertrand.
Revitalizing Marxist Theory for Today's Capitalism
Second Nature : Economic Origins of Human Evolution Was exchange an early agent of human evolution or is it merely an artefact of modern civilisation? Spanning two million years of human evolution, this book explores the impact of economics on human evolution and natural history. The theory of evolution by natural selection has always relied in part on progress in areas of science outside biology. By applying economic principles at the borderlines of biology, Haim Ofek shows how some of the outstanding issues in human evolution, such as the increase in human brain size and the expansion of the environmental niche humans occupied, can be answered. He identifies distinct economic forces at work, beginning with the transition from the feed-as-you-go strategy of primates, through hunter-gathering and the domestication of fire to the development of agriculture. This highly readable book will inform and intrigue general readers and those in fields such as evolutionary biology and psychology, economics, and anthropology.
The Emergence of the Global Political Economy
The Ephemeral Civilization : Exploding the Myth of Social Evolution The Ephemeral Civilization is an astonishing intellectual feat in which Graeme Snooks develops an original and ground-breaking analysis of changing sociopolitical forms over the past 3,000 years. Snooks challenges the prevailing theories of social evolutionism with an innovative approach which also looks ahead to the twenty-first century. The Ephemeral Civilization builds on the model of dynamic strategy outlined in the author's highly acclaimed companion volume, The Dynamic Society. The Ephemeral Society is divided into three parts - theory, history and future.
The Great Depression : An International Disaster of Perverse Economic Policies The Great Depression was the worst economic catastrophe in modern history. Not only did it cause massive worldwide unemployment, but it also led to the rise of Adolf Hitler in Germany, World War II in Europe, and the tragic deaths of tens of millions of people. This book describes the sequence of policy errors committed by powerful, well-meaning people in several countries, which, in combination with the gold standard in place at the time, caused the disaster.
The Great Turning : From Empire to Earth Community David Korten's classic bestseller When Corporations Rule the World was one of the first books to articulate the destructive and oppressive nature of the global corporate economy. In The Great Turning he argues that corporate consolidation of power is merely one manifestation of what he calls “Empire”: the organization of society through hierarchy and violence that has largely held sway for the past 5,000 years. The Great Turning traces the evolution of Empire from ancient times to the present day but also tells the parallel story of the attempt to develop a democratic alternative to Empire, beginning in Athens and continuing with the founding of the United States of America—although elitists with an imperial agenda have consistently sought to undermine the bold and inspiring “American experiment.”
The Growth of the International Economy, 1820-1960 : An Introductory Text
The Laws of History This is an original and controversial reflection on the course of human history and a remarkable attempt to develop a scientific model of laws for the social sciences. It: • considers the nature of laws and the reasons we might expect to find them in history• employs an underlying framework concerning societal dynamics, historical change, and institutional change, which are in fact the laws of history. This volume consolidates the author's previous research in The Dynamic Society and The Ephemeral Civilization.
The Measure of Civilization : How Social Development Decides the Fate of Nations In the last thirty years, there have been fierce debates over how civilizations develop and why the West became so powerful. The Measure of Civilization presents a brand-new way of investigating these questions and provides new tools for assessing the long-term growth of societies. Using a groundbreaking numerical index of social development that compares societies in different times and places, award-winning author Ian Morris sets forth a sweeping examination of Eastern and Western development across 15,000 years since the end of the last ice age. He offers surprising conclusions about when and why the West came to dominate the world and fresh perspectives for thinking about the twenty-first century
Urban World History : An Economic and Geographical Perspective
World Accumulation, 1492-1789
World Development : An Introduction
World Economic Historical Statistics

Overview

Economic Theory
Environmental Economics
Fiscal Policy
History of Economics
International Economics
Keyensian Economics
Labor Market
Mathematical Economics
Monetary Policy
Neoclassical Economics
Economic Models

Economic Models

Economic Models: Methods, Theory And Applications Model Building is the most fruitful area of economics, designed to solve real-world problems using all available methods such as mathematical, computational and analytical, without distinction. Wherever necessary, we should not be reluctant to develop new techniques, whether mathematical or computational. That is the philosophy of this volume. The volume is divided into three distinct parts: Methods, Theory and Applications.
Structural Econometric Models
Uncertainty Within Economic Models Written by Lars Peter Hansen (Nobel Laureate in Economics, 2013) and Thomas Sargent (Nobel Laureate in Economics, 2011), Uncertainty within Economic Models includes articles adapting and applying robust control theory to problems in economics and finance. This book extends rational expectations models by including agents who doubt their models and adopt precautionary decisions designed to protect themselves from adverse consequences of model misspecification. This behavior has consequences for what are ordinarily interpreted as market prices of risk, but big parts of which should actually be interpreted as market prices of model uncertainty. The chapters discuss ways of calibrating agents 'fears of model misspecification in quantitative contexts.

Economic Theory

Adam Smith's The Wealth of Nations : A Modern-day Interpretation of an Economic Classic 'Adam Smith's The Wealth of Nations'was the first comprehensive treatment of political economy. Published in 1776,'The Wealth of Nations'was originally released for a very specific audience; the British Parliament, setting clearly defined arguments for peace and co-operation with their troublesome colonials across the Atlantic. Today it is considered one of the most famous books ever written. Here, Smith's text is interpreted for the modern day world of finance, business and economics. Karen McCreadie's interpretation is not a substitute for the original; its purpose is simply to illustrate the timeless nature of Smith's insights by bringing them to life through 21st century examples. Given the state of our economy this brilliant interpretation couldn't be more timely.
Altruistically Inclined? : The Behavioral Sciences, Evolutionary Theory, and the Origins of Reciprocity
Capital and Its Discontents : Conversations with Radical Thinkers in a Time of Tumult Unraveling the complicated details surrounding the world's present economic and political climate, this collection of interviews addresses the faulty underpinnings of capitalism and discusses why the future must be economically founded otherwise. Probing into the roots of the global economic crisis, the role that debt and privatization play in dampening social revolt, and the ramifications of post-colonial mentality in the Global South, this collection provides the tools for reconsidering capitalism and solutions for surviving current crisis by learning from past mistakes. This collection includes conversations with some of the most noted thinkers and political economists on the Left, including Noam Chomsky, Tariq Ali, Mike Davis, David Harvey, Ellen Meiksins Wood, and Doug Henwood.
Economic Lives : How Culture Shapes the Economy Over the past three decades, economic sociology has been revealing how culture shapes economic life even while economic facts affect social relationships. This work has transformed the field into a flourishing and increasingly influential discipline. No one has played a greater role in this development than Viviana Zelizer, one of the world's leading sociologists. Economic Lives synthesizes and extends her most important work to date, demonstrating the full breadth and range of her field-defining contributions in a single volume for the first time. Economic Lives shows how shared cultural understandings and interpersonal relations shape everyday economic activities
Economic Models: Methods, Theory And Applications Model Building is the most fruitful area of economics, designed to solve real-world problems using all available methods such as mathematical, computational and analytical, without distinction. Wherever necessary, we should not be reluctant to develop new techniques, whether mathematical or computational. That is the philosophy of this volume.
Economics As a Social Science : An Approach to Nonautistic Theory Economics as a Social Science is a highly readable critique of economic theory, based on a wide range of research, that endeavors to restore economics to its proper role as a social science. Contrary to conventional economic theory, which assumes that people have no free will, this book instead bases economics on the realistic assumption that human beings can choose; that we are complex beings affected by emotion, custom, habit, and reason; and that our behavior varies with circumstances and times. It embraces the findings of history, psychology, and other social sciences and the insights from great literature on human behavior as opposed to the rigidity set by mathematical axioms that define how economics is understood and practiced today.
Economics of Wealth in the 21st Century Among the middle class, the debt-income ratio has reached its highest level in 24 years. Additionally, the racial and ethnic disparity in wealth holdings, after stabilizing during most of the 1990s, widened in the years between 1998 and 2001, but then narrowed during the early and mid 2000s. This book presents topical research in the study of the economics of wealth in the 21st century. Topics discussed include recent trends in household wealth in the U.S.; the black-white wealth gap and wealth management. (Imprint: Nova Press)
Experimental Economics : Rethinking the Rules Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research. The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science.
General Equilibrium Analysis Of Production And Increasing Returns The scope of the general equilibrium (GE) theory has so far been limited to the Walrasian tradition. Indeed, the theories of competitive equilibria and the core are nothing but the modern mathematical analysis of the economic ideas due to Walras, Edgeworth and Pareto. Consequently, recent books in this field are inclined to be heavily technical and mathematical.On the other hand, the modern GE theory has not completed the study of increasing returns and monopolistic competition, which belong to the alternative important stream of economic thought, namely the Marshallian tradition. This book aims to fill this gap, by proving the existence of a competitive equilibrium with increasing returns coming from externalities in a dynamic economy and a monopolistically competitive equilibrium with the technologies exhibiting increasing returns coming from a large set-up cost
Global Model Simulation : A Frontier of Economic Science The FUGI (Futures of Global Interdependence) global modeling system has been developed as a scientific policy modeling and future simulation tool of providing global information to the human society and finding out possibilities of policy coordination among countries in order to achieve sustainable development of the global economy co-existing on the planet Earth in the ever changing universe. The purpose of this book is twofold, namely to provide information on a new frontier science of economics: global model simulation as well as appropriate policy exercise for sustainable development of the interdependent global economy
Inclusive Economic Theory The goal of “Inclusive Economics” is to tie together various authoritative strands of contemporary economic theory into an easily comprehensible whole that illuminates the need for a broader approach to contemporary economic policymaking undistorted by obsolete 18th century rationalist assumptions about utility, ethics, worthiness and traditional culture. This is accomplished by elaborating the rationalist competitive ideal along the optimizing lines pioneered by Paul Samuelson (neoclassical economics); plumbing modifications necessitated by Herbert Simon's realist concepts of “bounded rationality” and “satisficing”; refined further by applying a pragmatist outlook to probe the consequences of relaxing Enlightenment teleological, ethical, spiritual and cultural taboos.
Inequality of Opportunity : Theory and Measurement This volume contains both theoretical and applied on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort. Theoretical papers discuss to what extent some of the measures of inequality of opportunity meet the reward and the compensation principles, a new methodology for evaluating long-term income distributions, the implications of partial observability of individuals' circumstances on the measurement of inequality of opportunity and the advantages of applying segregation indices to study inequality in life chances.
Inequality of Opportunity : Theory and Measurement This volume contains both theoretical and applied on the concept of equality of opportunity which says that a society should guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of effort. Theoretical papers discuss to what extent some of the measures of inequality of opportunity meet the reward and the compensation principles, a new methodology for evaluating long-term income distributions, the implications of partial observability of individuals'circumstances on the measurement of inequality of opportunity and the advantages of applying segregation indices to study inequality in life chances.
Institutions and Economic Theory : The Contribution of the New Institutional Economics This second edition assesses some of the major refinements, extensions, and useful applications that have developed in neoinstitutionalist thought in recent years. More attention is given to the overlap between the New Institutional Economics and developments in economic history and political science. In addition to updated references, new material includes analysis of parallel developments in the field of economic sociology and its attacks on representatives of the NIE as well as an explanation of the institution-as-an-equilibrium-of-game approach. Already an international best seller, Institutions and Economic Theory is essential reading for economists and students attracted to the NIE approach.
Integrity and Agreement : Economics When Principles Also Matter Integrity demands consistently acting on that commitment. Because truthfulness is the most basic moral principle, integrity means honesty. And honesty extends beyond truth-telling. It requires good faith when entering an agreement and then standing by one's word. From this premise, Minkler explores the implications of integrity for contracts between buyers and sellers and understandings between employers and employees. He also finds a role for integrity in an individual's religious vows, an elected official's accountability to constituents, and a community's obligation to human rights. Integrity and Agreement reintroduces morality as a factor for economists, sociologists, psychologists, and political scientists to consider in their efforts to comprehend human behavior.
Issues in Economic Thought As it is well known, the present is rooted in the past. For this reason by studying the past, we can better understand not only some basic principles of the ideas proposed by modern economics, but also some make some recommendations to meet future economic problems of society. A huge literature has been developed on the theories and approaches of the most eminent economists. However, there is not much literature analysing contributions different from English-language on several concrete topics. For this reason, this book tries to cover this gap. In this sense, three aspects are considered: the contributions of Italian authors, Smithsonian approaches on education, growth and moral aspects, and, finally, some modern contributions.
Life of Adam Smith : With an Introd.: 'Guide to John Rae's Life of Adam Smith' Learn more about Adam Smith, the groundbreaking philosopher who played an important role in originating the study of economics and gave us many of the concepts that still govern the market today. Written by John Rae, this biography details Smith's early life in Scotland and his later rise to academic renown, as well as the events and influences that led him to produce masterworks like The Wealth of Nations.
Mainstream Growth Economists and Capital Theorists : A Survey Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Marin Muzhani presents an informed study of the debates regarding economic growth and development that began in the 1930s in response to the Great Depression. He argues that in the wake of that crisis, the challenge for economists was to understand how to generate stable economic growth in order to prevent future crises.
The Assumptions Economists Make Economists make confident assertions in op-ed columns and on cable news—so why are their explanations at odds with equally confident assertions from other economists? And why are all economic predictions so rarely borne out? Harnessing his frustration with this contradiction, Schlefer set out to investigate how economists arrive at their opinions.
The Equilibrium Manifold : Postmodern Developments in the Theory of General Economic Equilibrium In The Equilibrium Manifold, noted economic scholar and major contributor to the theory of general equilibrium Yves Balasko argues that, contrary to what many textbooks want readers to believe, the study of the general equilibrium model did not end with the existence and welfare theorems of the 1950s. These developments, which characterize the modern phase of the theory of general equilibrium, led to what Balasko calls the postmodern phase, marked by the reintroduction of differentiability assumptions and the application of the methods of differential topology to the study of the equilibrium equation. Balasko's rigorous study demonstrates the central role played by the equilibrium manifold in understanding the properties of the Arrow-Debreu model and its extensions.
The Other Adam Smith : Popular Contention, Commercial Society, and the Birth of Necro-Economics The Other Adam Smith represents the next wave of critical thinking about the still under-examined work of this paradigmatic Enlightenment thinker. Not simply another book about Adam Smith, it allows and even necessitates his inclusion in the realm of theory in the broadest sense. Moving beyond his usual economic and moral philosophical texts, Mike Hill and Warren Montag take seriously Smith's entire corpus, his writing on knowledge, affect, sociability and government, and political economy, as constituting a comprehensive—though highly contestable—system of thought. We meet not just Smith the economist, but Smith the philosopher, Smith the literary critic, Smith the historian, and Smith the anthropologist.
The Power of Market Fundamentalism What is it about free-market ideas that gives them staying power in the face of such failures as persistent unemployment, widening inequality, and financial crises? The Power of Market Fundamentalism extends economist Karl Polanyi's work to explain why these dangerous utopian ideas have become the dominant economic ideology of our time.
The Specter of Capital In his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalism—with its bewildering array of new instruments—by tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it

Environmental Economics

Can We Afford the Future? : The Economics of a Warming World According to many scientists, climate change is a growing threat to life as we know it, requiring a large-scale, immediate response. According to many economists, climate change is a moderately important problem; the best policy is a slow, gradual start, to avoid spending too much. They can't both be right. In this book, Frank Ackerman offers a refreshing look at the economics of climate change, explaining how the arbitrary assumptions of conventional theories get in the way of understanding this urgent problem. The benefits of climate protection are vital but priceless, and hence often devalued in cost-benefit calculations.
Culture of Ecology : Reconciling Economics and Environment .In Culture of Ecology, Robert Babe proposes a move towards more ecologically-sound waysof thinking, communicating, and acting, including those usually termed'economic.'His vision for a sustainable future entails recognizing and compensating for the inherent bias of all modes of communicating, reducing the centrality of money as a medium of communication, re-establishing systems of valuation outside the bounds of commodity exchange, and heightening equality to ease flows of information more in keeping with ecological realities. Culture of Ecology marks the beginning in a struggle to prove that, given the right approach, economy and ecosystem need not be mutually exclusive.
Economic Analysis of Environmental Policy Economic Analysis of Environmental Policy, a textbook for advanced undergraduate and graduate courses, provides a rigorous and thorough explanation of modern environmental economics, applying this exposition to contemporary issues and policy analysis.
Experiments on Energy, the Environment, and Sustainability This volume will present experimental economics research focusing on issues of environmental quality and sustainability. Specific topics will include institutions for cap-and-trade, eco-tourism, urban sprawl, and optimal pollution control strategies. In addition to the traditional 'introduction', we are asking an expert on engineering issues in energy, the environment, and sustainability to write an essay highlighting the benefits to scientists and engineers of understanding human behaviour.
Globalization and the Environment : Greening Global Political Economy
Industrial Evolution : Local Solutions for a Low Carbon Future
Resources for Our Future : Key Issues and Best Practices in Resource Efficiency Compiling years of research into the geopolitical, economic, and ecological dimensions of material scarcity and resource efficiency, Resources for our Future provides a concise analysis of international resource efficiency. Offering an inspiring account of industrial best practices, the editors have put together a broad range of case studies, which focus on the chemical, textile, and food industries.
Rethinking Sustainability : Power, Knowledge, and Institutions Bringing together the thoughts of economists, political scientists, anthropologists, philosophers, and agricultural policy professionals, this volume focuses on the issues of sustainability in development. Examining such topics as international trade, political power, gender roles, legal institutions, and agricultural research, the contributors focus on the missing links in theory and practice that have been barriers to the achievement of truly sustainable development.
State of the World 2014 : Governing for Sustainability The book is a clear-eyed yet ultimately optimistic assessment of citizens'ability to govern for sustainability. By highlighting both obstacles and opportunities, State of the World 2014 shows how to effect change within and beyond the halls of government. This volume will be especially useful for policymakers, environmental nonprofits, students of environmental studies, sustainability, or economics—and citizens looking to jumpstart significant change around the world.
The Economics and Politics of Climate Change The international framework for a climate change agreement is up for review as the initial Kyoto period to 2012 comes to an end. Though there has been much enthusiasm from political and environmental groups, the underlying economics and politics remain highly controversial. This book takes a cool headed look at the critical roadblocks to agreement, examining the economics of climate change, the incentives of the main players (the US, EU, China) and examines the policies governments can put in place to reduce greenhouse gas emissions, and ultimately shift our economies onto a low-carbon path. The volume brings together leading climate change policy experts to set out the economic analysis and the nature of the negotiations at Copenhagen and beyond.
The Other Road to Serfdom and the Path to Sustainable Democracy Our planet is finite. Our political and economic systems were designed for an infinite planet. These difficult truths anchor the perceptive analysis offered in The Other Road to Serfdom and the Path to Sustainable Democracy. With wit, energy, and a lucid prose style, Eric Zencey identifies the key elements of “infinite planet” thinking that underlie our economics and our politics—and shows how they must change.
The Real Wealth of Nations : Creating a Caring Economics Adam Smith's The Wealth of Nations provided the first, most influential and lasting explanation of the workings of modern economics. But with his focus on'the market'as the best mechanism for producing and distributing the necessities of life, Smith's concepts only told part of the story, leading to flawed economic models that devalue activities that fall outside of the market's parameters of buying and selling. The real wealth of nations, Riane Eisler argues, is not merely financial, but includes the contributions of people and our natural environment. Here, Eisler goes beyond the market to reexamine economics from a larger perspective--and shows that we must give visibility and value to the socially and economically essential work of caring for people and the planet if we are to meet the enormous challenges we are facing.
Valuing Nature? : Economics, Ethics and Environment

Fiscal Policy

Confronting Budget Deficits The phenomenon of substantial peacetime budget deficits over the past 20 years has been traced to the burden of entitlements, a slowdown in economic productivity, and demographic and macroeconomic shifts in the industrial countries. Though smaller and structurally different, deficits in developing countries have also become worrisome. Most economists agree that measures to reduce government spending are imperative, particularly through restructuring entitlement programs.
Fiscal Decentralization and the Challenge of Hard Budget Constraints In many parts of the world, lower levels of government are taking over responsibilities from national authorities. This often leads to difficulty in maintaining fiscal discipline. So-called soft budget constraints allow these subnational governments to expand expenditures without facing the full cost. Until now, however, there has been little understanding of how decentralization leads to large fiscal deficits and macroeconomic instability.This book, based on a research project at the World Bank, develops an analytical framework for considering the issues related to soft budget constraints, including the institutions, history, and policies that drive expectations for bailouts among subnational governments. It examines fiscal, financial, political, and land market mechanisms for subnational discipline in Argentina, Brazil, Canada, China, Germany, Hungary, India, Norway, South Africa, Ukraine, and the United States
Fiscal Reforms That Work Reducing the budget deficit is not easy. Keynesian theory suggests that lowering government expenditures and raising revenues can lead to a fall off in economic activity. This paper argues the neoclassical approach - that a firm and credible reduction in expenditures, by engendering confidence that taxes will be less burdensome in the future, may lead to lower interest rates, boost consumption, and increase investment spending.
Monetary and Fiscal Policy (Part I) : Credibility How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address. Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives, within different institutional settings, drive policymaking and the behavior of policymakers.
Monetary and Fiscal Policy (Part 2)
Post-crisis Fiscal Policy Fiscal policy makers have faced an extraordinarily challenging environment over the last few years. At the outset of the global financial crisis, the International Monetary Fund (IMF) for the first time advocated a fiscal expansion across all countries able to afford it, a seeming departure from the long-held consensus among economists that monetary policy rather than fiscal policy was the appropriate response to fluctuations in economic activity. Since then, the IMF has emphasized that the speed of fiscal adjustment should be determined by the specific circumstances in each country. Its recommendation that deficit reduction proceed steadily, but gradually, positions the IMF between the fiscal doves (who argue for postponing fiscal adjustment altogether) and the fiscal hawks (who argue for a front-loaded adjustment). This volume brings together the analysis underpinning the IMF's position on the evolving role of fiscal policy.
Public Finance and Public Choice : Two Contrasting Visions of the State In this volume, based on a week-long symposium at the University of Munich's Center for Economic Studies, two leading scholars of governmental economics debate their divergent perspectives on the role of government and its fiscal functions. James M. Buchanan, who was influential in developing the research program in public choice, concentrates on the imperfections of the political process and stresses the need for rules to restrain governmental interference. Richard A. Musgrave, a founder of modern public finance, points to market failures and inequities that call for corrective public policies.
The Theory of Taxation and Public Economics The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades. An original treatment of the subject rather than a textbook synthesis, the book contains new analysis that generates novel results, including some that overturn long-standing conventional wisdom. This fresh approach should change thinking, research, and teaching for decades to come. Building on the work of James Mirrlees, Anthony Atkinson and Joseph Stiglitz, and subsequent researchers, and in the spirit of classics by A. C. Pigou, William Vickrey, and Richard Musgrave, this book steps back from particular lines of inquiry to consider the field as a whole, including the relationships among different fiscal instruments.
Who Will Pay? : Coping with Aging Societies, Climate Change, and Other Long-term Fiscal Challenges Aging populations. Weather shocks. Scarce water. Globalization. Security threats. Policymakers today confront a number of developments that threaten to burden public budgets for decades to come, or bankrupt some entirely. This book argues that governments need to make policy changes now to take account of the potential fiscal consequences of these developments. After describing how, if at all, analysts, national governments, and international organizations currently address these long-term issues, the book stresses the vital need for a multipronged approach, involving strengthened analyses, greater attention to long-term issues and risk factors in budgeting, and institutional reforms that address the myopic biases of politicians and the public.

History of Economics

A Research Annual (2013) Research in the History of Economic Thought and Methodology is an annual research series which presents materials in two fields, both broadly considered: the history of economic thought and the methodology of economics.
Adam Smith's The Wealth of Nations : A Modern-day Interpretation of an Economic Classic 'Adam Smith's The Wealth of Nations' was the first comprehensive treatment of political economy. Published in 1776,'The Wealth of Nations' was originally released for a very specific audience; the British Parliament, setting clearly defined arguments for peace and co-operation with their troublesome colonials across the Atlantic. Today it is considered one of the most famous books ever written. Here, Smith's text is interpreted for the modern day world of finance, business and economics
Debunking Economics : The Naked Emperor Dethroned? Debunking Economics exposes what a minority of economists have long known and many of the rest of us have long suspected: that economic theory is not only unpalatable, but also plain wrong. In this updated and expanded edition, Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics is a signpost to a better future.
Origins of Economic Thought and Justice
Self-Interest Before Adam Smith : A Genealogy of Economic Science Self-Interest before Adam Smith inquires into the foundations of economic theory. It is generally assumed that the birth of modern economic science, marked by the publication of The Wealth of Nations in 1776, was the triumph of the'selfish hypothesis'(the idea that self-interest is the motive of human action). Yet, as a neo-Epicurean idea, this hypothesis had been a matter of controversy for over a century and Smith opposed it from a neo-Stoic point of view. But how can the Epicurean principles of orthodox economic theory be reconciled with the Stoic principles of Adam Smith's philosophy? Pierre Force shows how Smith's theory refutes the 'selfish hypothesis'and integrates it at the same time.
Ten Great Economists Originally published in 1952, this seminal work is reproduced here with a new introduction by Professor Mark Perlman, a well-known Schumpeterian scholar. The essays, written between 1910-50 were primarily commemorative pieces marking the achievement of a celebrated economist. Those covered include:• Marx• Walras• Menger• Marshall• Pareto• Bohm-Bawerk• Taussig• Fisher• Mitchell• KeynesThe appendix includes articles on lesser-known economists Knapp, Von Wieser; Von Bortkiewicz.With the exception of Marx, Schumpeter himself selected the ten main essays for inclusion in this volume and was personally acquainted with all but two of his subjects.
Global Great Recession, The Canterbery's latest literary work provides a definitive account of the Great Recession of 2007-2010. It presents an output-employment framework for evaluating the Great Recession. A chapter on the Great Depression provides a basis for comparison while outlining the institutions still intact that moderated that downturn. Finally, the aftermath of the recession is accounted for. In 2003 John Kenneth Galbraith, who knew both Michal Kalecki and John Maynard Keynes, called Canterbery,';the best.';
The Poverty of Clio : Resurrecting Economic History The Poverty of Clio challenges the hold that cliometrics--an approach to economic history that employs the analytical tools of economists--has exerted on the study of our economic past. In this provocative book, Francesco Boldizzoni calls for the reconstruction of economic history, one in which history and the social sciences are brought to bear on economics, and not the other way around.
The Rise of Political Economy As a Science : Methodology and the Classical Economists The Rise of Political Economy as a Science opens with a review of the epistemological ideas that inspired the classical economists: the methodological principles of Bacon, Descartes, Hobbes, Newton, Locke, Hume, Stewart, Herschel, and Whewell. These principles were influential not just in the development of political economy, but in the rise of social science in general. The author then examines science in eighteenth- and nineteenth-century Britain, with a particular emphasis on the all-important concept of induction. Having laid the necessary groundwork, she proceeds to a history and analysis of the methodologies of four economist-philosophers--Adam Smith, Robert Malthus, David Ricardo, and J. S. Mill--selected for their historical importance as founders of economics and for their common Scottish intellectual lineage. Concluding remarks put classical methodology into a broader historical perspective.

Inflation

Exchange Rates and Inflation
Inflation : Causes and Effects A chief measure of general price-level inflation is the general inflation rate, which is the percentage change in a general price index, normally the Consumer Price Index, over time. Inflation can have adverse effects on an economy. For example, uncertainty about future inflation may discourage investment and savings. High inflation may lead to shortages of goods if consumers begin hoarding out of concern that prices will increase in the future. Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply. This new important book gathers the latest research from around the globe on this issue.
Quantitative Easing As A Highway To Hyperinflation This book addresses the topical issue of whether the current environment in the US and other major countries, where quantitative easing is used to boost the economy, is conducive to the emergence of hyperinflation. This is a controversial and highly debated issue. Using both economics and history, the author challenges the view that quantitative easing will not lead to hyperinflation and argues that hyperinflation, or at least high inflation, is likely to appear eventually. The book examines all the propositions put forward for and against the eventuality of hyperinflation in the US, using illustrations based on actual and simulated data. The analysis leads to the conclusion that the current fiscal position of the US government, particularly the levels of external debt and unfunded liabilities, will not be rectified without resorting to inflationary financing
Reducing Inflation : Motivation and Strategy While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation
Reducing Inflation : Motivation and Strategy While there is ample evidence that high inflation is harmful, little is known about how best to reduce inflation or how far it should be reduced. In this volume, sixteen distinguished economists analyze the appropriateness of low inflation as a goal for monetary policy and discuss possible strategies for reducing inflation.
The New Inflation: The Collapse of Free Markets : The Collapse of Free Markets In this lively but profound study, W. David Slawson contends that balancing the government budget will not stop current inflation short of a disastrous depression.Originally published in 1982.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Why the World Economy Needs a Financial Crash and Other Critical Essays on Finance and Financial Economics The essays in this volume explain the key structural features of financial inflation that give rise to financial crisis. These features include excessive reliance on finance to maintain economic activity through rising asset prices. Reliance on asset inflation induces a preoccupation with property values and a new social divide between the asset-rich and the asset-poor that undermines the culture of the welfare state. When debt can no longer be supported by cash flow from asset markets, excess debt plunges economies into economic depression.

International Economics

Terms Of Trade: Glossary Of International Economics (2nd Edition) Have you ever wondered what a term in international economics means? This useful reference book offers a glossary of terms in both international trade and international finance, with emphasis on economic issues. It is intended for students getting their first exposure to international economics, although advanced students will also find it useful for some of the more obscure terms that they have forgotten or never encountered. Besides an extensive glossary of terms that has been expanded about 50% from the first edition, there is a picture gallery of diagrams used to explain key concepts such as the Edgeworth Production Box and the Offer Curve Diagram in international economics.
A Short Course in International Economics : Understanding the Dynamics of the International Marketplace Understanding the Dynamics of the Global Marketplace As barriers to trade have fallen, world commerce has soared, and along with it an interest in understanding the principles of international economics. This book provides readers with the key concepts, including: balance of trade, foreign exchange, currency valuation, free trade, protectionism, foreign investment, barriers to trade, and different economic systems.
Capitalist Globalization : Consequences, Resistance, and Alternatives Globalization,” surely one of the most used and abused buzzwords of recent decades, describes a phenomenon that is typically considered to be a neutral and inevitable expansion of market forces across the planet. Nearly all economists, politicians, business leaders, and mainstream journalists view globalization as the natural result of economic development, and a beneficial one at that. But, as noted economist Martin Hart-Landsberg argues, this perception does not match the reality of globalization. The rise of transnational corporations and their global production chains was the result of intentional and political acts, decisions made at the highest levels of power. Hart- Landsberg also discusses alternatives to capitalist globalization, looking to examples such as South America's Bolivarian Alliance for the Americas (ALBA) for clues on how to build an international economy based on solidarity, social development, and shared prosperity.
Dynamics Among Nations : The Evolution of Legitimacy and Development in Modern States Liberal internationalism has been the West's foreign policy agenda since the Cold War, and the West has long occupied the top rung of a hierarchical system. In this book, Hilton Root argues that international relations, like other complex ecosystems, exists in a constantly shifting landscape, in which hierarchical structures are giving way to systems of networked interdependence, changing every facet of global interaction.
Emerging Markets : Resilience and Growth Amid Global Turmoil
Handbook On International Political Economy International political economy (IPE) is a highly complex discipline, drawing not only from the fields of politics and economics, but also those as varied as philosophy, history and anthropology. Now widely accepted as a key dimension to contemporary world affairs, it is no longer possible to talk about international relations without talking about production and distribution, finance and investment, as well as consumption and trade. To ensure that our understanding of these topics is relevant to today's world, there is a constant need to revisit and challenge what is known about these topics. Besides being a comprehensive account of international political economy for academic study, this extensive collection also highlights salient issues that scholars, analysts and state leaders are most concerned with in today's world
International Political Economy
Multilateral Diplomacy and the Economics of Change : The Third World and the New International Economic Order Multilateral Diplomacy addresses an important historical episode in the struggle of the developing countries to restructure the international economic order that was perceived by them to be an obstacle to development. Told from the perspective of a participant in the negotiations, the book traces the evolution of the developing countries as actors in the economic system and describes the circumstances which gave rise to the demand for the New International Economic Order. It presents a detailed analysis of the negotiations on the NIEO and compares the strategies adopted by the parties to the negotiations.
Rules for the Global Economy Rules for the Global Economy is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these institutional arrangements, such as the ones that govern banking, emerge when countries fail to solve economic problems on their own and cede part of their sovereignty to an international order
The Liberal Illusion : Does Trade Promote Peace? The Liberal Illusion sheds light on an increasingly important question in international relations scholarship and the domain of policy making-whether international trade promotes peace. By examining a broad range of theories about trade's impact on interstate relations and undertaking a set of empirical analyses of the trade-conflict puzzle, Katherine Barbieri provides a comprehensive assessment of the liberal view that trade promotes peace. Barbieri's stunning conclusions depart from conventional wisdom in international relations. Consequently, The Liberal Illusion serves as an important counterargument and a warning call to policymakers who rely upon trade-based strategies to promote peace, strategies that appear to offer little hope of achieving their goals.
The Nation in the Global Era : Conflict and Transformation The Nation in the Global Era: Conflict and Transformation makes available a unique blend of multi-disciplinary research covering topics that present the most current thinking on key developments concerning globalization. Its main focus covers questions of transnational class and identity in relationship to the nation-state.
The Political Economy of the World Trading System The Political Economy of the World Trading System is a comprehensive textbook account of the economics, institutional mechanics and politics of the world trading system. This third edition has been expanded and updated to cover developments in the World Trade Organisation (WTO) since its formation, including the Doha Round, presenting the essentials of trade negotiations and the WTO's rules and disciplines. The authors focus in particular on the WTO's role as the primary organisation through which trading nations manage their commercial interactions and the focal point for cooperation on policy responses to the rapidly changing global trading environment.
The Rise and Fall of Neoliberalism : The Collapse of an Economic Order? The recent, devastating and ongoing economic crisis has exposed the faultlines in the dominant neoliberal economic order, opening debate for the first time in years on alternative visions that do not subscribe to a ‘free'market ethic. Bringing together the work of distinguished scholars and dedicated activists, The Rise and Fall of Neoliberalism presents critical perspectives of neoliberal policies, questions the ideas underpinning neoliberalism, and explores diverse responses to it from around the world.
World Economic Situation and Prospects The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations, it is jointly produced by the Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and the five United Nations Regional Commissions.

Keyensian Economics

Beyond Mechanical Markets : Asset Price Swings, Risk, and the Role of the State In the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, Roman Frydman and Michael Goldberg argue, is that both the rational and behavioral theories of the market rest on the same fatal assumption--that markets act mechanically and economic change is fully predictable. In Beyond Mechanical Markets, Frydman and Goldberg show how the failure to abandon this assumption hinders our understanding of how markets work, why price swings help allocate capital to worthy companies, and what role government can and can't play.
Capitalist Revolutionary : John Maynard Keynes The 2008 recession restored Keynes to prominence. This account elaborates the misinformation that led to his repeated resurrection and interment since his death in 1946. Keynes was more open-minded about capitalism than is commonly believed, and his nuanced views offer an alternative to the polarized rhetoric evoked by the word “capitalism” today.
Institutions, Behaviour and Economic Theory : A Contribution to Classical-Keynesian Political Economy This book is about the conceptual foundations of an intermediate way between liberalism and socialism: a synthesis of classical (Ricardian) and Keynesian political economy. Classical theory deals with proportions between individuals or collectives and society in tackling problems of distribution and value. Keynesian theory is concerned with the scale of economic activity as explained by effective demand. The economy considered is primarily a monetary production economy, not a market or a planned economy. The author sets up a system linking political economy with other social sciences, i.e. sociology, law and politics in the traditional sense, thus establishing the unity of the social sciences.
Keynes : Useful Economics for the World Economy As the global economic crisis continues to cause damage, some policy makers have called for a more Keynesian approach to current economic problems. In this book, the economists Peter Temin and David Vines provide an accessible introduction to Keynesian ideas that connects Keynes's insights to today's global economy and offers readers a way to understand current policy debates. They survey economic thinking before Keynes and explain how difficult it was for Keynes to escape from conventional wisdom. They also set out the Keynesian analysis of a closed economy and expand the analysis to the international economy, using a few simple graphs to present Keynes's formal analyses in an accessible way.
Keynes, Post-Keynesianism and Political Economy : Essays in Honour of Geoff Harcourt, Volume III Geoff Harcourt has had a major impact on the field of Post-Keynesian economics, not only in his research but also in his teaching. Many of Harcourts students have gone on to make valuable contributions in this field. This volume brings together contributions from thirty such former students, now established in academic institutions around the world. Their contributions focus on themes important to Harcourts work, touching upon: · history of political economy · methodology · economic theory · applied analysis This work is a valuable addition to the literature of political economy and a fitting tribute to a leading economist.
Maynard's Revenge This book's title gives it to you straight: it's about how the collapse of 2008 brought Keynes back with a bullet. Taylor's principal aims are, first, to show how ineffective and inappropriate are the dominant approaches to macroeconomics of the past 30‐40 years (which have been succinctly summed up as “pre-Keynesian theory after Keynes”); and, secondly, to show how Keynes and post-Keynesian writers, whose ideas in recent years have been greatly downplayed and even ridiculed by the bulk of the profession, contain the proper bases on which to erect both understanding and effective policy proposals.
Revisiting Keynes : Economic Possibilities for Our Grandchildren In 1931 distinguished economist John Maynard Keynes published a short essay,'Economic Possibilities for Our Grandchildren,'in his collection Essays in Persuasion. In the essay, he expressed optimism for the economic future despite the doldrums of the post-World War I years and the onset of the Great Depression. Keynes imagined that by 2030 the standard of living would be dramatically higher; people, liberated from want (and without the desire to consume for the sake of consumption), would work no more than fifteen hours a week, devoting the rest of their time to leisure and culture. In Revisiting Keynes, leading contemporary economists consider what Keynes got right in his essay -- the rise in the standard of living, for example -- and what he got wrong -- such as a shortened work week and consumer satiation. In so doing, they raise challenging questions about the world economy and contemporary lifestyles in the twenty-first century.
The Dynamics of Keynesian Monetary Growth : Macro Foundations Originally published in 2000, this book is in the tradition of non-market-clearing approaches to macrodynamic approaches. It builds a series of integrated disequilibrium growth models of increasing complexity, which display the economic interaction between households, firms and government across labour, goods, money, bonds and equities markets. Chiarella and Flaschel demonstrate how macrodynamics can be developed in a hierarchical way from economically simple structures to more advanced ones. In addition it investigates complex macrodynamic feedback mechanisms.
Misfortunes of Prosperity : An Introduction to Modern Political Economy The Misfortunes of Prosperity elucidates the current debates on these and other questions in a fast-paced and incisive tour of the dominant ideas in political economy, summarizing historical and theoretical perspectives on the causes of economic growth in the United States, Western Europe, Japan and elsewhere as the twentieth-century draws to a close. Daniel Cohen discusses the effects of the showdown of productivity in Europe and the United States and explains the origin of the apparent tradeoff between unemployment in Europe and wage inequalities in the United States.

Labor Market

Ethnicity and Labor Market Outcomes How immigrants and their descendants fare in the host society and in particular in the labor market is a very important question. While differences among ethnicities have been found to be marked and persistent within many host countries, and while the labor market consequences of diversity have been recognized, they have not been sufficiently examined. This volume contains fresh knowledge to help better understand the complex relationship between ethnic or minority groups, the role of ethnic identity and their disparate economic performance; 12 papers that individually and collectively go to the heart of this question. Offering a new paradigm, they tackle and interlink four important themes of immigrants' integration: ethnic identity, citizenship, interethnic marriages, and immigrant entrepreneurship.
Key Indicators of the Labour Market (KILM) A multi-functional research tool of the ILO consisting of country-level data on 20 key indicators of the labour market from 1980 to the latest available year.
Labor Markets and Business Cycles Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor.
The Minimum Wage and Labor Market Outcomes In The Minimum Wage and Labor Market Outcomes, Christopher Flinn argues that in assessing the effects of the minimum wage (in the United States and elsewhere), a behavioral framework is invaluable for guiding empirical work and the interpretation of results. Flinn develops a job search and wage bargaining model that is capable of generating labor market outcomes consistent with observed wage and unemployment duration distributions, and also can account for observed changes in employment rates and wages after a minimum wage change.
The Youth Employment Crisis : Time for Action Reviews the characteristics of the youth employment crisis in its quantitative and qualitative dimensions across different regions and countries, and discusses new emerging challenges, such as educated unemployment and the increasing' detachment' of youth from labour markets. Analyses the patterns of interventions and policies implemented by countries around the world since the last general discussion.
World of Work Report 2009 : The Global Jobs Crisis and Beyond What is the state of labour markets worldwide amid the economic crisis? What are implications of phasing out stimulus packages and employment support measures? What is the employment impact of measures to be considered at the UN Climate Change Conference in Copenhagen? How to make financial system work for the real economy? To what extent do trade policies include social provisions?
World of Work Report 2013 : Repairing the Economic and Social Fabric An important part of the debate about making globalization more socially sustainable deals with the question of how to ensure that trade liberalization improves labor standards, rather than leading to a race to the bottom in working conditions. This new book, part of the Studies in Growth with Equity series, attempts to add to the debate. It provides a comprehensive review of all existing trade agreements that include social provisions and discusses impacts for enterprises and workers. It also helps assess the challenges for global coherence of the multilateral system arising from the multiplication of trade agreements that include different social provisions.

Macroeconomics

Big Ideas in Macroeconomics : A Nontechnical View Macroeconomists have been caricatured either as credulous savants in love with the beauty of their mathematical models or as free-market fundamentalists who admit no doubt as to the market's wisdom. In this book, Kartik Athreya draws a truer picture, offering a nontechnical description of prominent ideas and models in macroeconomics, and arguing for their value as interpretive tools as well as their policy relevance. Athreya deliberately leaves out the technical machinery, providing an essential guide to the sometimes abstract ideas that drive macroeconomists' research and practical policy advice.Athreya describes the main approach to macroeconomic model construction, the foundational Walrasian general-equilibrium framework, and its modern version, the Arrow-Debreu-McKenzie (ADM) model.
Emerging Topics in Macroeconomics This new book is devoted to new research on macroeconomics which is a branch of economics that deals with the performance, structure, and behavior of a national or regional economy as a whole. Along with microeconomics, macroeconomics is one of the two most general fields in economics. Macroeconomists study aggregated indicators such as GDP, unemployment rates, and price indexes to understand how the whole economy functions. Macroeconomists develop models that explain the relationship between such factors as national income, output, consumption, unemployment, inflation, savings, investment, international trade and international finance
Macroeconomic Policies For Stable Growth This volume is a collection of published and unpublished papers that the author has written over the last two decades during part of his tenure at the International Monetary Fund, The South East Asian Central Banks Research and Training Center, and Singapore Management University. The policy-oriented book examines the links between macroeconomic policies and noninflationary, full-employment levels and growth rates of aggregate gross domestic product, with particular focus on the application in emerging markets of the tools of growth theory. Theoretically sound and grounded in practical wisdom, this book is an essential reading for economic, financial and developmental policymakers, professional economists, and undergraduate/graduate students in economics and social sciences.
Macroeconomics
Money Matters : Macroeconomics and Financial Markets Money Matters is a comprehensive guide to the basic principles of macroeconomics. It provides a nuanced yet in-depth understanding of the linkages between financial markets and the real economy. The book covers a wide range of topics integral to both the Indian and the global economies. Beginning with a basic theoretical discussion on macroeconomics, it eases the reader into the exploration of the more advanced concepts.
Rethinking Macroeconomics for Sustainability Macroeconomic policies have devastating effects on the environment. They shape the economic processes that drive deforestation, soil erosion, the exhaustion of living marine resources, greenhouse gas emissions, and the massive loss of biodiversity. Despite this, the vital connection between macroeconomic policies and the environment has thus far received little attention by the academic and the policy-making communities. Rethinking Macroeconomics for Sustainability reveals the linkages between monetary, financial and fiscal policies, and the environmental degradation that threatens the planet's biosphere.

Marxism

Marx and Other Four-letter Words Karl Marx's classic definitions of class and society under capitalism are still widely used today. Ideas such as class, revolution, production and oppression are employed across a broad range of academic subjects, reaching beyond politics, economics and sociology. Yet these concepts, within a specifically Marxist framework, are not always easy to understand. This book is an ideal student introduction that explains, in clear and concise chapters, the precise meaning and implications of each of Marx's key concepts. Furthermore, the contributors show how these ideas continue to be relevant, and how they relate to modern society. The contributors include leading academics in the field of politicial science. Outlining clearly what each concept means, they move on to situate it within cutting-edge contemporary political theory. Concepts include historical materialism, capitalism, class, the state, imperialism, the division of labour, oppression, production and reproduction, revolution, working class internationalism, equality and democracy.
Marx and the Alternative to Capitalism If we are serious about finding a different way to run the post-credit crunch society, we must start by introducing alternatives to undergraduates. Kieran Allen begins the task with an accessible and comprehensive look at the ideas of Karl Marx. Dispensing with the dryness of traditional explanations of Marx, Allen shows how Marx's ideas apply to modern society. The first section briefly outlines Marx's life and the development of his work, then goes on to clearly explain his key theories, including historical materialism and surplus value. The second section examines alternatives to capitalism, the concept of ‘anti-capitalism'and provides concrete, contemporary examples of Marx's theories being put into practice in today's world. This book provides a crucial alternative for undergraduates in sociology and politics.
Marxism and Ethics : Freedom, Desire, and Revolution
Marxism in Dark Times : Select Essays for the New Century This volume is a collection of essays on an alternative understanding of Marxism, anchored in the ideas of humanism, democracy and pluralism.
Marxism, Fascism, and Totalitarianism : Chapters in the Intellectual History of Radicalism This work traces the changes in classical Marxism (the Marxism of Karl Marx and Friedrich Engels) that took place after the death of its founders. It outlines the variants that appeared around the turn of the twentieth century—one of which was to be of influence among the followers of Adolf Hitler, another of which was to shape the ideology of Benito Mussolini, and still another of which provided the doctrinal rationale for V. I. Lenin's Bolshevism and Joseph Stalin's communism. This account differs from many others by rejecting a traditional left/right distinction—a distinction that makes it difficult to understand how totalitarian political institutions could arise out of presumably diametrically opposed political ideologies. Marxism, Fascism, and Totalitarianism thus helps to explain the common features of'left-wing'and'right-wing'regimes in the twentieth century.
The Devil in History : Communism, Fascism, and Some Lessons of the Twentieth Century The Devil in History is a provocative analysis of the relationship between communism and fascism. Reflecting the author's personal experiences within communist totalitarianism, this is a book about political passions, radicalism, utopian ideals, and their catastrophic consequences in the twentieth century's experiments in social engineering. Vladimir Tismaneanu brilliantly compares communism and fascism as competing, sometimes overlapping, and occasionally strikingly similar systems of political totalitarianism
The Legacy of Marxism : Contemporary Challenges, Conflicts, and Developments Marx's influence is evident in a range of often incompatible and contradictory political movements and intellectual approaches. With a number of those movements now discredited by the experience of'really existing socialism', and the academic left gravitating towards approaches which eschew'authoritarian','essentialist'and'ethnocentric'elements of orthodox Marxism, the relevance of Marx has been called into question. Featuring chapters by Norman Geras, Joseph Femia, Alan Johnson, Paul Bowman, Ronaldo Munck, Lawrence Wilde, Mark Cowling, Chengyi Peng, Terrell Carver, Oliver Harrison and Stuart Sim, this book is an attempt to examine means by which the left can make real, substantive and positive contributions to contemporary debate.
The Revolutionary Ideas of Karl Marx An accessible, enlightening, and compelling introduction to Marx's ideas, with an emphasis on their enduring relevance.
Three Essays on Marx’s Value Theory In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx's theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured

Mathematical Economics

Survey Of Dynamic Games In Economics, A This book provides readers with a comprehensive survey of models of dynamic games in economics, including an extensive coverage of numerous fields of applications. It will also discuss and explain main concepts and techniques used in dynamic games, and inform readers of its major developments while equipping them with tools and ideas that will aid in the formulation of solutions for problems. A Survey of Dynamic Games in Economics will interest those who wish to study more about the conceptions, approaches and models that are applied in the domain of dynamic games.
Application of Dimensional Analysis in Economics Dimensional analysis is a tool which might be useful in this process, but one which, up to now, has been little explored in the economic sciences. This book explores the application of dimensional analysis in the field of economics. It has been structured in a way which corresponds to the formulation of economic quantities, and is divided into five sections: measuring of economic quantities, modeling of economic processes, principles of dimensional analysis, building of quantified dimensional models, and experiment and practical verification.
Information Asymmetries and the Creation of Economic Value : A Theory of Market and Industry Dynamics
Nonlinear Economic Dynamics This new book focuses on recent advances made in the field of non-lineardynamic modeling in economics. Mathematically, linearity is a very special kind of relation between variables chosen to the purpose of simplification. Even in physics linear modeling of dynamical systems was a first choice for quite some time, due to convenience in analysis, as exemplified by the acceleration law, the harmonic oscillator, the wave equation, and the like. The methods of analysis were simply developed to the ease of dealing with such systems. These methods are found under the heading of infinitesimal calculus; at early stages dynamical processes were formulated as differential equations in continuous time.Imprint: Nova Science
Nonlinear Models For Economic Decision Processes Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems — evolutionary economics, multiscale analysis and modeling, nonlinear dynamics and econometrics, physics of risk, statistical and probabilistic methods in economics and finance. This publication concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models

Microeconomics

A Theory of Individual Behavior A Theory of Individual Behavior dispels the notion that individuals act as rational agents and strives to capture idiosyncratic humanness through rigorous mathematics. Wichers describes a version of economic behavior that is more comprehensive and satisfying than neoclassical models yet still consistent with the usual aggregated concepts that form the basis of applied microeconomics. Written in an accessible and convincing style, A Theory of Individual Behavior discusses innovative material in a format that encourages classroom use.
Generalized Microeconomics The generalization of microeconomics (maximization of probability of agent's survival) enabled model description of economic rationality even in the fields, where profit maximization is not suitable, like redistribution, non-profit sector, both positive and negative externalities, centrally planned economy etc. When profit criterion is adequate, the general criterion is identical with profit maximization.
Homer Economicus : The Simpsons and Economics In Homer Economicus a cast of lively contributors takes a field trip to Springfield, where the Simpsons reveal that economics is everywhere. By exploring the hometown of television's first family, this book provides readers with the economic tools and insights to guide them at work, at home, and at the ballot box. Reinforcing the nuts and bolts laid out in any principles text in an entertaining and culturally relevant way, this book is an excellent teaching resource that will also be at home on the bookshelf of an avid reader of pop economics.
Microeconomic Policy This textbook provides an important and fresh approach to the understanding of microeconomic policy. Microeconomic Policy links principles to settings and shows how theory compliments policy and vice-versa. By linking theory to policies and application, this text will enable students to acquire proficiency and recognise balance in policy analysis and preparation. It contains comprehensive coverage of a broad range of policy areas including:• competition and technology policy• information and governance policy• industrial and environmental policy• social and income policy• public sector failure and reform.
Microeconomic Theory Old and New : A Student's Guide Microeconomic Theory Old and New: A Student's Guide has two main goals. The first is to give advanced undergraduate and graduate students an understanding of the core model of economics: Walrasian general equilibrium theory. The text presents in detail the three building blocks of Walrasian theory—establishing Pareto efficiency in a barter economy, establishing the efficiency of competitive markets, and accounting for market failure. The second goal is to present contemporary extensions and emerging alternatives to the Walrasian model. Some of the theoretical inconsistencies in the model are presented, drawing on the work of Samuelson, Boadway, Chipman and Moore, Ng, and Suzamura, among others.
Microeconomics for Business
Microfoundations : A Critical Inquiry
Neoclassical Microeconomic Theory : The Founding Austrian Vision Carl Menger, Friedrich Wieser and Eugen Bohm-Bawerk are acknowledged as pioneers in the development of neoclassical economics, as well as being recognized as the founders of the Austrian School of Economics. Neoclassical Microeconomic Theory examines their contribution and compares it with the other branches of neoclassical economics that emerged between the 1870's and 1930's. The author begins by exploring the initial stimulus provided by Carl Menger's work, and then demonstrates how the views of Menger, Weiser and Bohm-Bawerk complement one another and the tensions exhibited between them: the scope and method of economics; theories of choice; price theory; competition; entrepreneurship; and capital formation and distribution.
The Economics Anti-Textbook : A Critical Thinker's Guide to Microeconomics Mainstream textbooks present economics as an objective science free from value judgements; that settles disputes by testing hypotheses; that applies a pre-determined body of principles; and contains policy prescriptions supported by a consensus of professional opinion. The Economics Anti-Textbook argues that this is a myth - one which is not only dangerously misleading but also bland and boring. It challenges the mainstream textbooks' assumptions, arguments, models and evidence. It puts the controversy and excitement back into economics to reveal a fascinating and a vibrant field of study - one which is more an 'art of persuasion' than it is a science

Monetary Policy

Banking on Reform : Political Parties and Central Bank Independence in the Industrial Democracies
Banking on the Future : The Fall and Rise of Central Banking The crash of 2008 revealed that the world's central banks had failed to offset the financial imbalances that led to the crisis, and lacked the tools to respond effectively. What lessons should central banks learn from the experience, and how, in a global financial system, should cooperation between them be enhanced? Banking on the Future provides a fascinating insider's look into how central banks have evolved and why they are critical to the functioning of market economies. The book asks whether, in light of the recent economic fallout, the central banking model needs radical reform
Central Banking and Globalization This new book takes a look at the central banking industry and globalization, highlighting topics such as the central bank's use of foreign exchange reserves to recapitalize banks, a new metrics measurement that is based on the concept of economic value, and that is embedded in the rational choice theory, the roles of central banking in the period of deflationary depression both empirically and theoretically, and an explanation of the argument that the effect on aggregate demand and output of a fiscal stimulus financed by public debt is markedly different from the effect of a stimulus financed by the Central Bank. This book also examines laws known as trade remedies that mitigate the adverse impact of various trade practices on domestic industries and workers.
Collected Papers on Monetary Theory One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972–2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.
Modeling Monetary Economies This upper-level undergraduate textbook, now in its second editon, approaches monetary economics using the classical paradigm of rational agents in a market setting. Too often monetary economics has been taught as a collection of facts about existing institutions for students to memorize. By teaching from first principles, the authors aim to instruct students not only in existing monetary policies and institutions but also in what policies and institutions may or should exist in the future. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions.
Monetary and Fiscal Policy : Credibility How will the private sector react to different governmental policies? What policies will produce the most desirable outcomes? These two volumes bring together major contributions to a new theory of macroeconomic policy that analyzes which policies are credible or politically feasible, topics that are central to the practical policy debate but that traditional theory cannot address.Instead of looking at policy as an end product, the contributors approach policy as an ongoing process of revised goals, changes in tactics, and political pressures. They consider what kinds of incentives, within different institutional settings, drive policymaking and the behavior of policymakers.
Monetary and Fiscal Policy
Monetary Growth : Trends, Impacts and Policies This book presents important research in the field of monetary growth and how changes in monetary growth relate to changes in real output growth, nominal output growth and inflation. A brief summary of monetary and fiscal policies in the European Monetary Union and empirical evidence of the interactions between monetary and fiscal policies is presented.
The Federal Reserve and the Financial Crisis In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed important background and insights into the central bank's crucial actions during the worst financial crisis since the Great Depression. Taken directly from these historic talks, The Federal Reserve and the Financial Crisis offers insight into the guiding principles behind the Fed's activities and the lessons to be learned from its handling of recent economic challenges.
The Future of Money : From Financial Crisis to Public Resource

Neoclassical Economics

Debunking Economics : The Naked Emperor Dethroned? In this updated and expanded edition, Keen builds on his scathing critique of conventional economic theory whilst explaining what mainstream economists cannot: why the 2008 crisis occurred, why it is proving to be intractable, and what needs to be done to end it. Essential for anyone who has ever doubted the advice or reasoning of economists, Debunking Economics is a signpost to a better future.
Remaking Scarcity : From Capitalist Inefficiency to Economic Democracy The dominant schools of neoclassical and neoliberal economics tell us that material scarcity is an inevitable product of an insatiable human nature. Against this, Costas Panayotakis argues that scarcity is in fact a result of the social and economic processes of the capitalist system. The overriding importance of the logic of capital accumulation accounts for the fact that capitalism is not able to make a rational use of scarce resources and the productive potential at the disposal of human society. Instead, capitalism produces grotesque inequalities and unnecessary human suffering, a toxic consumerist culture that fails to satisfy, and a deepening ecological crisis. Remaking Scarcity is a powerful challenge to the current economic orthodoxy. It asserts the core principle of economic democracy, that all human beings should have an equal say over the priorities of the economic system, as the ultimate solution to scarcity and ecological crisis.

Neoliberalism

Capitalist Globalization : Consequences, Resistance, and Alternatives This book examines the historical record of globalization and restores agency to the capitalists, policy-makers, and politicians who worked to craft a regime of world-wide exploitation. It demolishes their neoliberal ideology – already on shaky ground after the 2008 financial crisis – and picks apart the record of trade agreements like NAFTA and institutions like the WTO. But, crucially, Hart- Landsberg also discusses alternatives to capitalist globalization, looking to examples such as South America's Bolivarian Alliance for the Americas (ALBA) for clues on how to build an international economy based on solidarity, social development, and shared prosperity.
Crisis, Politics and Critical Sociology Bringing together critical scholars, this volume seeks to understand the roots of our current social and economic crisis on a number of themes including the legacy of critical sociology, the significance of the new Obama administration, and the relationship of social theory to social practice.
Fields of Knowledge : Science, Politics and Publics in the Neoliberal Age This issue of Political Power and Social Theory explores the changes in science associated with the rise of neoliberalism since the 1970s. The neoliberalization of science has complicated interactions among states, markets, and civil society, often in ways that challenge major assumptions underlying decades of research. The articles collected here break with older Mertonian sociologies of science and constructivist microsociologies of scientific knowledge to examine the mesolevel problem of the changing institutional contexts of'the scientific field'as originally identified by Pierre Bourdieu.
Happiness As Enterprise : An Essay on Neoliberal Life
Idiotism : Capitalism and the Privatisation of Life Idiotism examines the condition of society in late capitalism where the market logic of neoliberalism has become the new ‘common sense', taken as the model for the organisation and management of all aspects of social life. Using the Greek word idios, meaning 'private', Neal Curtis calls this privatisation of the world ‘idiotism'.
Markets in the Name of Socialism : The Left-Wing Origins of Neoliberalism The worldwide spread of neoliberalism has transformed economies, polities, and societies everywhere. In conventional accounts, American and Western European economists, such as Milton Friedman and Friedrich von Hayek, sold neoliberalism by popularizing their free-market ideas and radical criticisms of the state. Rather than focusing on the agency of a few prominent, conservative economists, Markets in the Name of Socialism reveals a dialogue among many economists on both sides of the Iron Curtain about democracy, socialism, and markets. These discussions led to the transformations of 1989 and, unintentionally, the rise of neoliberalism.
Neoliberalism : A Very Short Introduction
Organising Neoliberalism : Markets, Privatisation and Justice This collection of essays incorporates the insight of an international group of experts to explore the impact of neoliberalism within different organisational domains from both theoretical and empirical perspectives. Examining neoliberalism in the context of political, social, economic and institutional domains, this volume promotes a critical and challenging approach to the social and economic attitudes characterising late-modern capitalism.
Resistance in the Age of Austerity : Nationalism, the Failure of the Left and the Return of God Worth assesses the growing diversity of resistance to neoliberalism - progressive, nationalist and religious - and argues that, troublingly, the more reactionary alternatives to globalisation currently provide just as coherent a base for building opposition as those associated with the traditional' left-wing'anti-globalisation movements. From the shortcomings of the Occupy movement to the rise of Radical Islam, the re-emergence of the far-right in Western Europe to the startling impact of the Tea Party in the US - Worth shows that while a progressive alternative is possible, it cannot be taken for granted.
The Deepening Crisis : Governance Challenges After Neoliberalism Response to financial meltdown is entangled with basic challenges to global governance. Environment, global security and ethnicity and nationalism are all global issues today. Focusing on the political and social dimensions of the crisis, contributors examine changes in relationships between the world's richer and poorer countries, efforts to strengthen global institutions, and difficulties facing states trying to create stability for their citizens.Contributors include: Immanuel Wallerstein, David Harvey, Saskia Sassen, James Kenneth Galbraith, Manuel Castells, Nancy Fraser, Rogers Brubaker, David Held, Mary Kaldor, Vadim Volkov, Giovanni Arrighi, Beverly Silver, and Fernando Coronil.The three volumes can purchased individually or as a set.
The Wrath of Capital : Neoliberalism and Climate Change Politics While climate change has become the dominant concern of the twenty-first century, global powers refuse to implement the changes required to reverse these trends. Rather, they have neoliberalized nature and climate change politics and discourse, indicating a more virulent strain of capital accumulation on the horizon. Adrian Parr calls attention to the problematic socioeconomic condition of neoliberal capitalism underpinning the world's environmental challenges, and she argues that, until we grasp the implications of neoliberalism's interference in climate change talks and policy, humanity is on track to an irreversible crisis.

Socialism

C.B. Macpherson : Dilemmas of Liberalism and Socialism Focusing on two key themes - property and the state - Leiss tracks Macpherson's analysis of the contradictions of liberal-democracy through all of his writings, beginning with his 1935 M.A. thesis supervised by Harold Laski at LSE. His concluding chapter critically examines the core of Macpherson's political philosophy - the distinction between extractive and developmental powers - against the background of social change in the democracies of the West in the period since the end of the Second World War.
Chapters on Socialism The concept of socialism has gotten a lot of negative press in recent years, but few of those who throw this term around with impunity have a keen understanding of what it actually means. In this volume, renowned political philosopher John Stuart Mill provides an overview and critique of socialism. A must-read for anyone who wants to get to the bottom of today's most heated political debates.
Socialism: The Only Practical Alternative to Contemporary Capitalism
Socialism or Barbarism : Selected Writings Rosa Luxemburg's writings reveal one of the most brilliant and passionate minds drawn to the revolutionary socialist movement. Through the letters, pamphlets and theorising, we see an outstanding social and economic theorist, a dedicated political activist and a devoted confidant. Providing an extensive overview of her writings, this volume contains a number of items never before anthologised. Her work was broad in scope tackling capitalism and socialism; globalisation and imperialism; history; war and peace; social struggles, trade unions, political parties; class, gender, race; the interconnection of humanity with the natural environment. The editors provide an extensive and informative introduction outlining and evaluating her life and thought. This is the most comprehensive introduction to the range of Rosa Luxemburg's thought.
The Politics of Equality : An Introduction Why are socialists, communists and social democrats concerned with the distribution of wealth? Why do they place so much importance on public goods such as education and health care? To what extent does democracy matter to socialist ideologies? In The Politics of Equality, Jason C. Myers sheds new light on questions like this, providing a readable, contemporary introduction to egalitarian political philosophy. Concentrating on ideas and values rather than on the rise and fall of parties and movements, the book offers crucial insights into a vital tradition of political thought and how it is key to our understanding of contemporary debates from Obama's plans for a national health care programme to the recent global wave of economic state regulation. This is essential reading for anyone interested in constructing a more just society.
The Rise of the Green Left : Inside the Worldwide Ecosocialist Movement 'Ecosocialism is a worldwide phenomenon that is redefining the future of left and green politics. The reality of climate change has become the driving force behind this global movement for political change. Ecosocialists argue that capitalism threatens the future of humanity and the rest of nature'--Back cover.
The Socialist Alternative : Real Human Development .”A good society as Lebowitz defines it must be marked by three characteristics: social ownership of the means of production, social production controlled by workers, and satisfaction of communal needs and purposes. Lebowitz shows how these characteristics interact with and reinforce one another, and asks how they can be developed to the point where they occur more or less automatically—that is, become both a society's premises and outcomes. He also offers fascinating insights into matters such as the nature of wealth, the illegitimacy of profits, the inadequacies of worker-controlled enterprises, the division of labor, and much more.
The Soul of Man Under Socialism The Soul of Man under Socialism is an 1891 essay by Oscar Wilde. Wilde puts forth the argument that within a capitalist system 'the majority of people spoil their lives by an unhealthy and exaggerated altruism - are forced, indeed, so to spoil them'- that the necessity of solving the problems that capitalism creates draws away the talent that could otherwise be used to fulfill one's potential. In taking the the cause of this away, 'Socialism itself will be of value simply because it will lead to individualism.'
The Rise and Fall of Neoliberalism : The Collapse of an Economic Order? The recent, devastating and ongoing economic crisis has exposed the faultlines in the dominant neoliberal economic order, opening debate for the first time in years on alternative visions that do not subscribe to a ‘free'market ethic. Bringing together the work of distinguished scholars and dedicated activists, The Rise and Fall of Neoliberalism presents critical perspectives of neoliberal policies, questions the ideas underpinning neoliberalism, and explores diverse responses to it from around the world.

Related Subjects

See also Business, Management, Political Science, Public Administration, and Sociology in this Subject Guide