Economic history Books

Book SynopsisThis book is unique in providing the first full English translation of Menger's seminal article Geld - one of the most influential papers on the origin of money. The editors aim to facilitate a broader and more detailed discussion of Menger's method, theory and findings with this translation and in depth analysis.Menger's institutional approach is applied and extended to the analysis of the evolution of payments systems, focusing in particular on electronic money, on its institutional character, and on monetary policy as well as predictions of likely future developments.Carl Menger and the Evolution of Payments Systems will be of great interest to financial economists and Austrian economists as well as historians of economic thought.Trade Review'The book edited by Michael Latzer and Stefan W. Schmitz is a very exciting book. It creates an intellectual link between the past and the future. It makes it possible for readers to better know the fundamental insights of Carl Menger about money; but it also provides an outstanding analysis of possible developments of electronic money, demonstrating that they cannot be understood without looking back at the theoretical debate about money initiated by Carl Menger. For those interested in money and its future, this book is unique.' -- Pascal Salin, Universite Paris-Dauphine, France'This is a fascinating conglomeration of a book. The volume will appeal equally to historians of economic thought and to economists who wish to explore the implications of the recent emergence of electronic money. Seldom has the relevance of the Mengerian research tradition for understanding the evolution of contemporany social institutions been more powerfully demonstrated.' -- Bruce J. Caldwell, University of North Carolina, Greensboro, US'Carrying out this translation was a splendid idea. Menger has been enormously influential on the development of money - and his influence has been increasing in recent years. Yet this publication for the first time makes available in English his long article on "Money". It can now reach the audience it deserves. It reveals in full the distinctiveness of Menger's vision of historical development with its powerful case for the transactions cost explanation of the emergence of money. It has been set in context with admirable contributions from several leading scholars in the field. It will be widely used.' -- Forrest H. Capie, Bank of England, UK'Carl Menger is of immense importance in the development of monetary economics. He built on the work of Adam Smith, showing how money evolved as a result of individuals trying to better themselves and was not, as some have claimed, an invention of a benevolent state. But despite Menger's importance, there is remarkably little written on him in English, and some even of his most important work remains untranslated. This excellent book goes far to remedy this situation. It is a major contribution to the history of economic thought. Furthermore it develops Menger's analysis of transactions so as to illuminate and advance discussions on the prospects for electronic money, an important topic in modern monetary theory. This is a fascinating, well written, and important book.' -- Geoffrey Wood, City University Business School, London, UKTable of ContentsContents: Introduction Part I: Carl Menger’s Article ‘Money’: From Barter to Money 1. Carl Menger’s Article ‘Money’ in the History of Economic Thought 2. Money Part II: Perspectives on the Evolution of Electronic Money 3. Carl Menger’s ‘Money’ and the Current Neoclassical Models of Money 4. Mengerian Perspectives on the Future of Money 5. The Institutional Character of Electronic Money Schemes: Redeemability and the Unit of Account Index

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Book SynopsisTechnological Revolutions and Financial Capital presents a novel interpretation of the good and bad times in the economy, taking a long-term perspective and linking technology and finance in an original and convincing way.Carlota Perez draws upon Schumpeter's theories of the clustering of innovations to explain why each technological revolution gives rise to a paradigm shift and a 'New Economy' and how these 'opportunity explosions', focused on specific industries, also lead to the recurrence of financial bubbles and crises. These findings are illustrated with examples from the past two centuries: the industrial revolution, the age of steam and railways, the age of steel and electricity, the emergence of mass production and automobiles, and the current information revolution/knowledge society.By analyzing the changing relationship between finance capital and production capital during the emergence, diffusion and assimilation of new technologies throughout the global economic system, this seminal book sheds new light on some of the most pressing economic problems of today.A bold interpretation of how the changing relationship between technological advances and financial capital shapes the patterns of economic cycles, this path-breaking book will provide essential insights for business leaders, policymakers, academics and others concerned with managing change in the world economy.Trade Review'Essential reading for all concerned with these specialist, but critically important issues.' -- Long Range Planning'It [this book] is one of the most interesting histories of technology, if not the most informative, because it dwells on the dynamics of the technology/social/economic systems itself. . . Most tomes with theoretical goals like this are horribly dry, dense, wordy, and well. . .boring. This book is not. Perez writes with vigor, and grace, not taking an extra unneeded word, and not repeating herself. . . like a great many other seminal books, it is easily read by anyone truly interesting in how technology works.' -- Kevin Kelly, Wired Magazine'. . . one of the most enjoyable economics books I have read for some time. . . this is a rich and detailed argument. . . a thought provoking read.' -- Mardi Dungey, Economic RecordTable of ContentsContents: Preface by Chris Freeman Introduction: An Interpretation Part I: Technological Revolutions as Successive Great Surges of Development 1. The Turbulent Ending of the Twentieth Century 2. Technological Revolutions and Techno-Economic Paradigms 3. The Social Shaping of Technological Revolutions 4. The Propagation of Paradigms: Times of Installation, Times of Deployment 5. The Four Basic Phases of Each Surge of Development 6. Uneven Development and Time-Lags in Diffusion Part II: Technological Revolutions and the Changing Behavior of Financial Capital 7. Financial Capital and Production Capital 8. Maturity: Financial Capital Planting the Seeds of Turbulence at the End of the Previous Surge 9. Irruption: The Love Affair of Financial Capital with the Technological Revolution 10. Frenzy: Self-Sufficient Financial Capital Governing the Casino 11. The Turning Point: Rethinking, Regulation and Changeover 12. Synergy: Supporting the Expansion of the Paradigm Across the Productive Structure 13. The Changing Nature of Financial and Institutional Innovations Part III: The Recurring Sequence, its Causes and Implications 14. The Sequence and its Driving Forces 15. The Implications for Theory and Policy Epilogue: The World at the Turning Point Bibliography Index

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Book SynopsisFor much of the twentieth century, mainstream economists have treated human agents in their models as if they were rational beings of unbounded computational capacity - the notorious 'Homo Economicus' of much economic theory. However, the patent inadequacies of this understanding of human nature have become increasingly apparent, and economists have begun looking for more realistic models, incorporating the insights of evolutionary theory. The authors address the question of human nature in economics, examining not only some of the recent writing on this subject in evolutionary psychology and related disciplines, but also the ideas of important thinkers in the Western intellectual tradition. Beginning with the ancient Greeks and progressing to the modern day, the contributors explore the works of such thinkers as Augustine, Adam Smith, Thomas Malthus, Alfred Marshall and Kenneth Boulding.Many of these works are placed in a Darwinian, evolutionary perspective, with the imperative that the study of human nature must be consistent with our understanding of human evolution, and should consider how human beings are moulded by cultural and institutional influences. Naturally, Darwin's own view of human nature is also explored, undermining the mistaken notion that Darwinism promotes human nature as greedy, uncooperative and self-seeking.This enlightening, original and highly readable work will be of great interest to professional economists and students, researchers and teachers of evolutionary economics.Trade Review'Through an outstanding collection of essays by leading scholars, John Laurent explains how evolutionary economics has come of age.' -- Viviana de Giovinazzo, Journal of the History of Economic ThoughtTable of ContentsContents: Preface by Geoffrey M. Hodgson Introduction 1. Evolution and the Nature of Man in Greek Thought 2. Augustine on Economic Man 3. Adam Smith’s Theory of Human Nature 4. Malthus on Indolence 5. Charles Darwin on Human Nature 6. Alfred Marshall on Homo oeconomicus: Evolution versus Utilitarianism? 7. Kropotkin and Reclus: Geographers, Evolution, and ‘Mutual Aid’ 8. Sounding the Trumpet: T.A. Jackson on Darwin, Marx and Human Existence 9. Kenneth Boulding: Man of Images 10. Fritz Machlup: ‘How One Thing Led to Another’ 11. Toward an Evolutionary Theory of Homo oeconomicus: The Concept of Universal Nomadism Index

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Book SynopsisThis unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the 'Great Depression', the 'Great Peacetime Inflation', the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz.Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.Trade Review'This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists.' -- David Greasley, Australian Economic History Review'It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.D. 2002.' -- Christopher Hanes, EH.Net'Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues.' -- David Colander, Middlebury College, US'Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Preface 1. Introduction: The World Economy in Historical Perspective 2. Economic Growth and Development: A Very Long-run View 3. Growth Theories: Old and New 4. Managing Aggregate Economic Instability: From Keynes to Lucas 5. International Economic Integration in the Second Global Age Interviews Appendix References Index

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Book SynopsisIn this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change. The authors discuss the conflicting views on the role of government and the public sector in the economy, and analyse the quality and sustainability of growth. They explore the structural changes which have occurred due to high rates of savings and investment, a large balance of payments surplus and monetary, financial and fiscal conditions. Important in this analysis is the extent to which Singaporeans themselves have benefited in terms of welfare. The authors also identify the key roles played by trade policy, and financial and exchange rate institutions in creating and sustaining growth. In the aftermath of the Asian financial crisis, they assess the current health of the economy and the implementation of reforms to achieve the government's vision of a 'New Singapore'.Based on the authors' own combined experiences of living in Singapore for over 20 years, this broadbased and analytical book sheds light on Singapore's status in the world economy. The integration of economic, social and political perspectives will ensure the book's broad appeal amongst scholars, students and researchers interested in growth and economic development in Singapore and South-east Asia.Trade Review'Peebles and Wilson have written an excellent account of what is surely one of the twentieth century's most remarkable transformations. Anyone who wants an up-to-date, balanced and authoritative guide to the economy of modern Singapore is strongly advised to start with their book. Not the least of its virtues is a comprehensive bibliography and a good guide to further reading.' -- Anne Booth, EH. Net'. . . clearly written and well-organized. . . This volume is one of those rare academic works that would make pleasurable reading on a trans-Pacific flight. Highly Recommended. General readers, all levels of undergraduates, and professionals.' -- S.J. Gabriel, Choice'This is an extremely readable and comprehensive account of one of the most successful stories of economic development in the late 20th Century. In Economic Growth and Development in Singapore, Gavin Peebles and Peter Wilson examine various perspectives on the city-state's economic development, and combine theory and empirical detail with aplomb. Their new text is a very welcome addition to the development literature.' -- Christopher M. Dent, University of Leeds, UKTable of ContentsContents: Preface 1. Introduction, Themes and Structure of the Book 2. Foundations for Growth 3. The Growth Experience 4. Structural Change 5. Monetary, Financial and Fiscal Aspects 6. Development Indicators and Welfare 7. Trade, Trade Policy and Growth 8. International Finance and Growth 9. Back to the Future: Continuity or Real Paradigm Shift? Appendix A: Statistics and Sources Appendix B: Singapore Election Systems: Results and Implications Appendix C: Suggestions for Further Reading Bibliography Index

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Book SynopsisIn light of the recent and ongoing surge of interest in Alfred Marshall's work, this new and original reference volume fills a gap in the literature through a detailed examination of his thought and of his contributions to economics and social science.The Companion places Alfred Marshall's ideas in their historical context, highlighting the many streams of social research originating from them. The contributors form a remarkable cast of leading experts, covering a spectrum of Marshallian themes and issues, including: his life and work background and influences scope and methodology of economics economic analysis - including distribution theory, industrial economics and money social and political issues relations with his contemporaries the Marshallian tradition relevance to contemporary economics. This comprehensive and multidisciplinary Companion illustrates the relevance of Marshall to present-day economic reality and as such will prove an invaluable reference tool for general economists and a wide ranging audience: historians of economic thought; economic, political and cultural historians; industrial, regional and development economists; economists interested in institutional, cognitive and evolutionary economics.Trade Review'Marshall's importance has been widely recognized for over one hundred years and there is a vast quantity of research and writing on his work. Tiziano Raffaelli, Giacomo Becattini and Marco Dardi have made an impressive contribution to that literature as editors of The Elgar Companion to Alfred Marshall. . . Generally the entries serve as good introductions to the subjects they address and will be particularly useful to students, researchers and non-specialists. . . It makes a definite contribution in highlighting the breadth and complexity of Marshall's thought without underplaying his contributions to economics. The Elgar Companion to Alfred Marshall makes a fine addition to any economics reference collection.' -- David Andrews, EH.Net'. . . this stimulating, wide-ranging and ambitious volume manages to combine an impressive range of scholarship with some wonderful insights into individual topics. . . It is a substantial intellectual undertaking that makes a significant contribution to the study of Alfred Marshall and Marshallian economics for which economists, historians of economics and intellectual historians of Victoriana will be greatly indebted.' -- Mark Donoghue, History of Economics Review'This monumental volume, containing 99 essays of uniformly high quality by 72 contributors, is a testament to the excellence of its three editors. It illuminates every facet of Alfred Marshall's intellectual development and creativity. . . This volume, which demonstrates a solid intellectual foundation, is a very important work in economics. Highly recommended.' -- J. Murdock, ChoiceTable of ContentsContents: Introduction PART I: LIFE AND WORK 1. Life and Activities Peter D. Groenewegen 2. Mary Paley Marshall Rita McWilliams Tullberg 3. The Early Philosophical Papers Brian J. Loasby 4. ‘Ye Machine’ Tiziano Raffaelli 5. The Early Historical Notes Simon Cook 6. The Early Economic Writings John K. Whitaker 7. Teacher and Academic Peter D. Groenewegen 8. The Economics of Industry Giacomo Becattini and Marco Dardi 9. The Economics Tripos Tamotsu Nishizawa 10. Principles of Economics: Genesis, Structure and Evolution John K. Whitaker 11. Industry and Trade Philip L. Williams 12. Money, Credit and Commerce Annalisa Rosselli 13. Giving Advice to Governments Peter D. Groenewegen PART II: BACKGROUND AND INFLUENCES 14. The Victorian Cultural Context Robert W. Butler 15. The Young Marshall’s University Christopher Stray 16. Early Influences Simon Cook 17. Readings and Library Katia Caldari 18. Interpreter of the ‘Classics’ Peter D. Groenewegen 19. Charles Babbage Simon Cook 20. The Influence of German Economists Erich W. Streissler PART III: SCOPE AND METHOD 21. Marshall on Method Ronald Coase 22. The Definition of Economics Roger E. Backhouse 23. Mathematics and Statistics Marco Dardi 24. Economics and Sociology Paolo Giovannini 25. Economics and Economic History Gerard M. Koot 26. Economics and Ethics Bob W. Coats and Tiziano Raffaelli 27. Economics and Psychology Simon Cook 28. Economics and Biology Geoffrey M. Hodgson 29. Economic Nations Giacomo Becattini PART IV: ECONOMIC ANALYSIS A. Equilibrium and Dynamics 30. Partial Equilibrium and Period Analysis Marco Dardi 31. Market Adjustment Processes Axel Leijonhufvud 32. Marshall versus Walras on Equilibrium Michel De Vroey 33. The Principle of Substitution Antonio Gay 34. Coeteris Paribus Fabio Cerina 35. Differentiation and Integration Gülbahar Tezel B. The Theory of Value 36. Normal Value Mehrdad Vahabi 37. Time John Foster 38. Wants and Activities Bradley W. Bateman 39. Demand Marco Dardi 40. Custom and Competition Ekkehart Schlicht 41. Market Forms and Market Power Jaques Kerstenetzky C. The Theory of Distribution 42. The Theory of Distribution: An Overview John K. Whitaker 43. Labour and Wages Katia Caldari 44. Prospectiveness and Productiveness: The Theory of Capital and Interest Ian Steedman 45. Entrepreneurship and Profits Enzo Pesciarelli 46. Rent John K. Whitaker 47. Quasi-rent and Composite Quasi-rent Masashi Kondo 48. Share Tenancy and Sharecropping Claudio Cecchi D. Industrial Analysis 49. Industrial Organization Brian J. Loasby 50. Increasing and Diminishing Returns Renee Prendergast 51. Internal and External Economies Marco Bellandi 52. The Localization of Industry Ron Martin 53. Business Size Neil Hart 54. Standardization Kenji Fuji 55. The Representative Firm Michel Quéré E. Money and Commerce 56. The Quantity Theory of Money Thomas M. Humphrey 57. Price Stabilization Policies Alberto Zanni 58. Credit Cycles and the Rate of Interest Pascal Bridel 59. The Theory of International Trade John Creedy 60. Marketing Mark Casson 61. The Barter Controversy John Creedy 62. Speculation Bradley W. Bateman 63. Trade Policy Roger E. Backhouse PART V: SOCIAL AND POLITICAL ISSUES 64. Progress Katia Caldari 65. Character and Capabilities Tiziano Raffaelli 66. State Intervention David A. Reisman 67. Trade Unions Roy Petridis 68. Cooperation Bernard Gerbier 69. Industrial Relations Tamotsu Nishizawa 70. Socialism Rita McWilliams Tullberg 71. Education Simon Cook 72. Women’s Education Rita McWilliams Tullberg 73. Economic Chivalry Bernard Gerbier 74. The Residuum Rhead S. Bowman 75. Population Rhead S. Bowman 76. Environmentalism and Town Planning Giacomo Becattini and Gabriele Corsani 77. New Liberalism Eugenio F. Biagini PART VI: MARSHALL AND HIS CONTEMPORARIES 78. Henry Sidgwick Bart Schultz 79. William Kingdon Clifford Tiziano Raffaelli 80. Benjamin Jowett Warren J. Samuels 81. William Stanley Jevons John K. Whitaker 82. Francis Ysidro Edgeworth Alberto Baccini 83. Herbert Somerton Foxwell Richard D. Freeman 84. William Cunningham Salim Rashid 85. John Neville Keynes Rita McWilliams Tullberg 86. Arthur Cecil Pigou David A. Collard 87. John Maynard Keynes Donald E. Moggridge 88. Walter Thomas Layton Carlo Cristiano PART VII: MARSHALL’S LEGACY 89. The Marshallian School of Economics Giacomo Becattini 90. The ‘Increasing Returns and Competition’ Dilemma: From Marshall to Pigou Roberto Marchionatti 91. The Theory of the Firm After Marshall Denis P. O’Brien 92. Welfare Economics: Marshallian Welfare Economics and the Economic Welfare of Marshall Steven G. Medema PART VIII: MARSHALL AND PRESENT-DAY ECONOMICS 93. Evolutionary Economics J. Stanley Metcalfe 94. Industrial Economics Richard N. Langlois 95. The Industrial District and Development Economics Giacomo Becattini 96. Cognitive Economics Massimo Egidi and Salvatore Rizzello 97. Institutional Economics: Digging Deeper into the Interplay between Institutions and Individual Behaviour Jack Vromen 98. Methodology Pierluigi Barrotta 99. Microeconomics of Supply Arrigo Opocher Index

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Book SynopsisWhy the Bubble Burst provides a comprehensive look at the most dramatic run-up in equity values in US history. Lawrance Evans takes the reader from theory to empirics, illustrating why we need to go beyond the efficient markets hypothesis and the theory of domestic irrational exuberance to fully unpack the unprecedented phenomenon, why the market was destined for a major decline and why the fallout will be severe and protracted. Quantitative evidence suggests that mutual funds, international portfolio flows, and the decline in the amount of corporate equity outstanding all played an integral role in the stock market boom. These ingredients in the context of a supply and demand based theory of equity price determination indicate that supply and demand forces unrelated to corporate profitability elevated US equity valuations to unsustainable levels. The author's conclusions carry implications for economic theory and policy, retirement security and stock market investments in general. Economists, finance professionals and policymakers will find this volume a unique investigation into the stock market boom and bust.Trade Review'Why the Bubble Burst is a most welcome contribution to our understanding of the causes of the stock market boom and bust during the 1980s to 2000. By providing an excellent empirical investigation and analysis of the stock market boom, Evans gives us a coherent critique of how financial markets work and how they set asset prices during times of speculation. His evidence suggests that to understand the recent speculative nature of the stock market we need to go beyond the existing asset pricing models, that are used widely in finance theory today, and look carefully at alternative theories. Turning to the work of Keynes, Minsky, Galbraith and others, the author develops a more general theory of what determines asset price movements in the stock market. A very impressive and valuable work.' -- Richard Holt, Southern Oregon University, US'Lawrance Evans's Why the Bubble Burst will stand as one of the most incisive and important accounts of the stock market's performance over the last two decades. Offering a broad and coherent evaluation of the major explanations for movements in equity prices, it also provides a remarkably rich empirical analysis that reveals the insufficiencies of these theoretical approaches and affirms the central role of supply and demand in fueling the boom in stocks. Practitioners as well as academics will find information about changes in institutions and portfolios that is both fascinating and supportive of the discussions of market developments.' -- Jane D'Arista, Financial Markets Center, Philomont, US'Lawrance Evans combines lucidity, quantitative rigor, and theoretical originality to explain one of the most pressing and contentious economic questions of our time. Why the Bubble Burst could not be more timely.' -- Robert Pollin, University of Massachusetts, Amherst, USTable of ContentsContents: 1. Towards an Understanding of the Stock Market Bubble 2. Competing Theories of Stock Price Behavior 3. Empirical Approaches to Stock Values 4. Theoretical Approaches to the Stock Market Boom 5. Empirical Analysis I: The Stylized Facts 6. Empirical Analysis II: Formal Econometrics 7. Boom, Bubble and Burst Bibliography Index

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Book SynopsisThis essential book collects together, for the first time, the writings of Deirdre McCloskey on economic history and the rhetoric of economics. The essays have been presented to show McCloskey's evolution over time: from economist to critic, positivist to postmodernist, conventional economist to feminist economist, man to woman. Measurement and Meaning in Economics allows the reader to experience an astonishing personal and intellectual journey with one of today's most fascinating economists.McCloskey argues that economics has become ahistorical and narrowly scientific, which is a harmful development for a moral science. In all of the papers presented in this volume she writes with historical consciousness and critical understanding, in an attempt to repair the dysfunctional relationship between economics and the humanities.This book should be read not only by students and scholars of economic history and philosophy, but by all those concerned with the state of economics and its place in the social sciences.Trade Review'. . . for those who have not read McCloskey . . . I would strenuously urge their attention. They will find a very bright, imaginative mind at work, writing in an engaging, vigorous style. She provides a good test of our understanding of neoclassical theory and, for those of a different persuasion, an even better test of our ability to critically evaluate that theory. Moreover, she's certainly not above taking her fellow neoclassical theoreticians to task for various shortcomings . . . I would recommend reading these essays . . . she is always imaginative, provocative, perceptive. And perhaps most important, she's entertaining - though with a serious purpose. And that cannot be said of very many of our tribe.' -- John F. Henry, History of Economics ReviewTable of ContentsContents: Introduction Preface: Personal Knowledge Part I: Writing Historical Economics as if Measurement Mattered Part II: Writing Economics and History as if Meaning Mattered Index

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Book SynopsisIt is an accepted truism that the Great Depression did more for the development of modern economics than any other single event. Some of the greatest economists of the twentieth century were inspired to go into the field as a direct result of their experiences during this period.This book explores the most prominent economic explanations of the Great Depression and how it affected the lives, experiences, and subsequent thinking of economists who lived through that era. Presented in interview format, this collection of conversations with Moses Abramovitz, Morris Adelman, Milton Friedman, Albert Hart, Charles Kindleberger, Wassily Leontief, Paul Samuelson, Anna Schwartz, James Tobin, Herbert Stein and Victor Zarnowitz provides a record of their reflections on the economics of the Great Depression and on the major events which occurred during those critical years. This volume is also another chapter in the legacy of the interwar generation of economists and is intended as a token of gratitude for the contributions they have made to the economics profession. Randall Parker has given us a window into the lives of these gifted scholars and an important glimpse into the world that shaped them.Any student or scholar of economics will find this homage to and record of the brightest voices to come out of this critical time to be indispensable.Trade Review'This is an enjoyable and immensely readable book which combines in interview format, reflections by prominent economists on contemporary and subsequent explanations of the Great Depression with what Bernanke in his foreword refers to as highbrow gossip concerning the lives and experiences of those selected economists who lived through the era.' -- W.R. Garside, Australian Economic History Review'The tone of the book is broad, and it moves fluidly between discussion of grand intellectual debates about what mattered, personal thoughts of the interviewer and his subjects, formative experiences, events and gossip.' -- Christopher M. Meissner, The International History Review'This volume is built around transcripts of interviews conducted in 1997 and 1998 with 11 noteworthy economists who had been graduate students in the 1930s. They were invited to reflect on how the Great Depression affected them, both personally and professionally. As Ben S. Bernanke remarks in the foreword, this is "first-rate highbrow gossip". The result is both instructive and entertaining.' -- William J. Barber, Journal of Economic History'The interviews with famous senior economists contained in this enjoyable book achieve two important, and quite distinct, goals. First, they provide invaluable insights into the history of theorizing about the Depression. In these conversations we see the struggles of the brightest young economists of their generation to reconcile old paradigms of the efficiency and optimality of free markets with the hard facts of mass unemployment and economic collapse they saw around them in the 1930s. In their attempts to find new answers we see the roots of current ideas and debates in economics. These interviews do an excellent job of recapturing the sense of uncertainty, the feeling of grappling with an intractable puzzle, that almost every one of these economists experienced. The second achievement of these interviews is to provide, well, first-rate highbrow gossip. The interviewees are outstanding economists but they are also an exceptional group of people. They hail from around the world, from a variety of cultural and socioeconomic backgrounds. Each, in one way or the other, found his or her way to professional prominence, often in the face of substantial adversity.' -- From the foreword by Ben S. Bernanke, Princeton University, USTable of ContentsContents: Foreword by Ben S. Bernanke Preface 1. An Overview of the Great Depression 2. Paul Samuelson 3. Milton Friedman 4. Moses Abramovitz 5. Albert Hart 6. Charles Kindleberger 7. Anna Schwartz 8. James Tobin 9. Wassily Leontief 10. Morris Adelman 11. Herbert Stein 12. Victor Zarnowitz 13. Concluding Remarks References Index

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Book SynopsisThis comprehensive and far-reaching book describes the growth and economic integration of the European economy from 1500 to 1913. The authors apply macroeconomic techniques to identify growth rates, inflation, product markets, trade networks and business cycles across a set of countries over the period. The book demonstrates that growth was the natural state for European economies throughout the period although, under the impetus of the industrial revolution, growth rates generally accelerated by the end of the nineteenth century. Similarly, business cycles in the modern sense seem to have been in evidence at the beginning of the period but by the eighteenth century there is no doubt that modern cycles affected these countries, sometimes simultaneously. Inflationary episodes are both distinct and shared in this long period, with the long inflation of the sixteenth century attesting to the integration of European markets. Finally, the authors find abundant quantitative evidence to support the argument that economies linked by international trade in 1500 came close to achieving global integration by 1913.The European Macroeconomy will be of interest to scholars of economic history, international economics and macroeconomics.Trade Review'. . . a useful companion when teaching European economic history.'Table of ContentsContents: Preface Part I: The Foundations of Macroeconomics in an Historical Context 1. Macroeconomics and Economic History 2. Political Integration and Economic Change in Early Modern Europe Part II: The Growth of the European Market Economy, 1500–1750 3. Population Growth and Agricultural Change before the Industrial Revolution 4. Inflation, the Quantity Theory of Money and the Banking System 5. Trade, Industry and Mercantilism 1500–1750 6. Trends and Cycles in the Pre-Industrial European Economy Part III: The First Industrial Revolution in Europe 1750–1850 7. The British Economy 1750–1850 8. Growth and Cycles in the Major Continental Economies 1750–1850 9. The Development of the ‘Peripheral’ Countries 1750–1850 Part IV: The Maturing of the Industrial Revolution 1850–1913 10. Population and Overall Economic Growth 1850–1913 11. Financial Factors in European Growth and Integration 1850–1913 12. European Business Cycles in the Victorian Era 13. Growth and Cycles 1500–1913 Bibliography Index

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Book SynopsisThis unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the 'Great Depression', the 'Great Peacetime Inflation', the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz.Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.Trade Review'This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists.' -- David Greasley, Australian Economic History Review'It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.D. 2002.' -- Christopher Hanes, EH.Net'Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues.' -- David Colander, Middlebury College, US'Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Preface 1. Introduction: The World Economy in Historical Perspective 2. Economic Growth and Development: A Very Long-run View 3. Growth Theories: Old and New 4. Managing Aggregate Economic Instability: From Keynes to Lucas 5. International Economic Integration in the Second Global Age Interviews Appendix References Index

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Book SynopsisThis unique collection of seminal articles reflects on the evolution of international finance in the 1990s, exploring the recurrence of financial crises and the resultant policy responses. The editors have brought together groundbreaking academic research addressing the policy decisions made by the key players. In this way, New International Financial Architecture sheds new light on the important debate of the 1990s which started with the Mexican crisis. This authoritative two volume set will provide a great resource for academics, policymakers and private sector participants.Trade Review'An essential reference work for both scholars and practitioners concerned with financial crises. Roubini and Uzan have collected from around the world - from reports, conferences and professional journals alike - the key theoretical and applied work on the crisis problem. The result is hefty and therefore worth the price.' -- Barry Eichengreen, University of California, Berkeley, USTable of ContentsContents: Volume I Acknowledgements Introduction Nouriel Roubini and Marc Uzan PART I CAUSES OF THE CRISIS: CASE STUDIES A General 1. Stanley Fischer (1999), ‘Reforming the International Financial System’ 2. Policy Development and Review Department (2003), ‘The Balance Sheet Approach and its Applications at the Fund’ 3. Nouriel Roubini and Brad Setser (2004), ‘New Nature of Emerging Market Crises’ B Mexico 4. Jeffrey Sachs, Aaron Tornell and Andrés Velasco (1996), ‘The Collapse of the Mexican Peso: What Have We Learned?’ C Asia 5. Steven Radelet and Jeffrey D. Sachs (1998), ‘The East Asian Financial Crisis: Diagnosis, Remedies, Prospects’ 6. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘What Caused the Asian Currency and Financial Crisis?’ D Russia 7. Abbigail J. Chiodo and Michael T. Owyang (2002), ‘A Case Study of a Currency Crisis: The Russian Default of 1998’ E Brazil 8. Morris Goldstein (2003), ‘Debt Sustainability, Brazil, and the IMF’ F Argentina 9. Ricardo Hausmann and Andrés Velasco (2002), ‘Hard Money's Soft Underbelly: Understanding the Argentine Crisis’ G Contagion and Twin Banking Crises 10. Rudiger Dornbusch, Yung Chul Park and Stijn Claessens (2000), ‘Contagion: Understanding How It Spreads’ 11. Graciela L. Kaminsky and Carmen M. Reinhart (1999), ‘The Twin Crises: The Causes of Banking and Balance-of-Payments Problems’ PART II CAUSES OF CRISES: THEORY A Liquidity Runs Models 12. Roberto Chang and Andrés Velasco (1999), ‘Liquidity Crises in Emerging Markets: Theory and Policy’ B Moral-Hazard Related Papers 13. Paul Krugman (1998), ‘What Happened to Asia?’ 14. Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini (1999), ‘Paper Tigers? A Model of the Asian Crisis’ C Balance Sheet Effects Models 15. Paul Krugman (1999), ‘Balance Sheets, the Transfer Problem, and Financial Crises’ 16. Guillermo A. Calvo (1998), ‘Capital Flows and Capital-Market Crises: The Simple Economics of Sudden Stops’ 17. Luis Felipe Céspedes, Roberto Chang and Andres Velasco (2000), ‘Balance Sheets and Exchange Rate Policy’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I INTERNATIONAL FINANCIAL ARCHITECTURE REFORM: CRISIS PREVENTION AND RESOLUTION A Architecture Reform 1. Kenneth Rogoff (1999), ‘International Institutions for Reducing Global Financial Instability’ 2. Halifax Summit (1995), ‘Halifax Summit Communiqué’ 3. Robert E. Rubin (1998), ‘Strengthening the Architecture of the International Financial System’ 4. Lawrence H. Summers (2000), ‘International Financial Crises: Causes, Prevention, and Cures’ 5. Martin Feldstein (1999), ‘A Self Help Guide for Emerging Markets’ B IMF Reform 6. Lawrence H. Summers (1999), ‘The Right Kind of IMF for a Stable Global Financial System’ 7. Martin Feldstein (1998), ‘Refocusing the IMF’ 8. Joseph E. Stiglitz (2002), ‘The IMF’s Other Agenda’ 9. Allan H. Meltzer (2000), ‘Statement of Allan H. Meltzer on the Report of the International Financial Institution Advisory Commission Senate Committee on Banking, Housing, and Urban Affairs’ C Crisis Resolution and PSI (Official Policy and Practice) 10. William R. Cline (2002), ‘“Private Sector Involvement” in Financial Crisis Resolution: Definition, Measurement, and Implementation’ 11. Report of G7 Finance Ministers to the Köln Economic Summit (1999), ‘Strengthening the International Financial Architecture’ 12. Special Committee on Crisis Prevention and Resolution in Emerging Markets (2001), ‘Policy Statement’ PART II BAIL-INS VERSUS BAILOUTS: SDRM, CAC, CODE OF GOOD CONDUCT A Crisis Resolution 13. Barry Eichengreen (2003), ‘Restructuring Sovereign Debt’ 14. Kenneth Rogoff and Jeromin Zettelmeyer (2002), ‘Early Ideas on Sovereign Bankruptcy Reorganization: A Survey’ 15. Anne Krueger (2002), ‘New Approaches to Sovereign Debt Restructuring: An Update on Our Thinking’, Address given at the Conference on “Sovereign Debt Workouts: Hopes and Hazards” 16. John B. Taylor (2002), ‘Sovereign Debt Restructuring: A U.S. Perspective’, Remarks at the Conference “Sovereign Debt Workouts: Hopes and Hazards?” 17. Nouriel Roubini and Brad Setser (2004), ‘Legal Reform’ B Models of Bail-Ins and Bail-Outs and Catalytic Finance 18. Carlo Cottarelli and Curzio Giannini (2002), ‘Bedfellows, Hostages, or Perfect Strangers? Global Capital Markets and the Catalytic Effect of IMF Crisis Lending’ 19. Andrew Haldane, Simon Hayes, Adrian Penalver, Victoria Saporta and Hyun Song Shin (2002), ‘Binding-in the Private Sector’ PART III OTHER POLICY ISSUES A Appropriate Exchange Rate Regime for Emerging Markets 20. Stanley Fischer (2001), ‘Exchange Rate Regimes: Is the Bipolar View Correct?’ 21. Guillermo A. Calvo and Carmen M. Reinhart (2002), ‘Fear of Floating’ B Dollarization 22. Andrew Berg and Eduardo Borensztein (2000), ‘The Pros and Cons of Full Dollarization’ C Capital Controls 23. Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei and M. Ayhan Kose (2003), ‘Effects of Financial Globalization on Developing Countries: Some Empirical Evidence’ 24. Jagdish Bhagwati (1998), ‘The Capital Myth: The Difference Between Trade in Widgets and Dollars’ D An International Lender of Last Resort (ILOLR) 25. Stanley Fischer (1999), ‘On the Need for an International Lender of Last Resort’ 26. J. Sachs (1995), ‘Do We Need an International Lender of Last Resort’ Name Index

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Book SynopsisDo political decentralisation and inter state competition favour innovation and growth? There has long been a lively debate surrounding this question, going back to David Hume and Immanuel Kant. This book is a new attempt to test its veracity. The existing literature tends to assume that the beneficial effects of inter state competition have been confined to European history. By contrast, China, India and the Islamic Middle East are regarded as inherently imperial and overcentralised. However, these civilisations have not always been unified politically. In their history, there have been long spells of decentralised rule or inter state competition. The same is true for Japan. If the Hume-Kant hypothesis is correct, it should also apply to those periods. This volume analyses the qualitative and quantitative evidence. The authors comprise eminent historians, sociologists, economists and socio-psychologists and the resulting book is a truly interdisciplinary enterprise. Addressing a wide readership, this book will hold strong appeal for scholars and researchers of general, Asian and economic history, political economy, political science and sociology.Trade Review'It is impossible for the arts and sciences to arise, at first, among any people unless that people enjoy the blessing of a free government. . . Nothing is more favourable to the rise of politeness and learning than a number of neighbouring and independent states, connected together by commerce and policy. . . Where a number of neighbouring states have great intercourse of arts and commerce, their mutual jealousy keeps them from receiving too lightly the law from each other, in matters of taste and of reasoning, and makes them examine every work of art with the greatest care and accuracy.' -- David Hume, 1742'Now that the States are already in the present day involved in such close relations with each other that none of them can pause or slacken its internal civilization with out losing power and influence in relation to the rest. . . Civil liberty cannot now be easily assailed without inflicting such damage as will be felt in all trades and industries, and especially in commerce; and this would entail a diminution of the powers of the State in external relations. . . And thus it is that, notwithstanding the intrusion of many a delusion and caprice, the spirit of enlightenment gradually arises as a great good which the human race must derive even from the selfish purposes of aggrandizement on the part of its rulers, if they understand what is for their own advantage.' -- Immanuel Kant, 1784Table of ContentsContents: Foreword by Eric Jones 1. Introduction and Overview 2. The Political Pattern of Historical Creativity: A Theoretical Case 3. Creative Clusters, Political Fragmentation and Cultural Heterogeneity: An Investigative Journey through Civilizations East and West 4. Lessons from the History of Imperial China 5. Advantages of Centralized and Decentralized Rule in Japan 6. India 7. Islamic Statecraft and the Middle East’s Delayed Modernization Index

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Book SynopsisOn the 100th anniversary of the birth of one of the 20th century's most accomplished and controversial economists, scholars from around the world reflect on the legacy of Joan Robinson's work. Addressing Robinsonian themes in growth, money, trade and methodology, their essays provide fresh perspectives on old questions. Joan Robinson's first priority was not theoretical perfection or abstract rigor. The arcane debates of the profession had little practical relevance and became increasingly tedious to her. Ironically, much of current economic theory embraces the realism she was striving toward. Indeed, as the essays in this volume show, she was in many ways ahead of her time. The volume begins by tracing the intellectual contours of her work and discussing the people and events that shaped her thinking. The succeeding chapters address her theories on accumulation, capital, and equilibrium, her interpretation of Marx, as well as the influence of Piero Sraffa. Several chapters analyze and extend her theory of growth, illustrating the wide applicability of her approach. A compelling exploration of Joan Robinson's contributions, this volume will be of great interest to scholars interested in growth, income distribution, post-Keynesian economics, macroeconomics, history of thought, money, capital theory, international trade and finance.Trade Review'The articles are well written and with clear purpose. The book is thought-provoking for those interested in issues of macroeconomic theory and political economy and for those curious about what the sources of some of the major twentieth-century controversies were, and to some extent still are.' -- Michael Brun, Feminist EconomicsTable of ContentsContents: Foreword by Timothy Nulty Introduction Part I: Retrospective 1. Joan Robinson and her Circle 2. Robinson and Sraffa 3. Robinson on Marx 4. Knowledge Without Pain Part II: A Sense of Realism 5. Robinson on ‘History versus Equilibrium’ 6. Expectations and the Capital Controversy 7. Robinson, History and Equilibrium 8. Equilibrium, Stability and Economic Growth 9. On Different Regimes of Accumulation 10. Class Conflict and the Cambridge Theory of Distribution 11. A Robinson Model for Argentina Part III: Thematic Breadth 12. Beyond the Accumulation of Capital 13. Robinson on Credit, Money and Finance 14. Money in The Accumulation of Capital 15. International Economics after Robinson References Index

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Book SynopsisThis Handbook on the South Asian Economies (a companion to the Handbook on the Northeast and Southeast Asian Economies) is a comprehensive and unique collection of original studies on the economic and social development of countries in South Asia. The analytical narratives draw upon a wide range of extant literature in an easily accessible way, whilst highlighting the impact of socio-political factors on economic outcomes. The introductory chapter by the editors provides a comprehensive survey of the main features of South Asian economic development, especially in respect of the policy reforms since the late 1970s. The Handbook seeks to understand the varying degrees of achievements in economic transformation and social development in various parts of South Asia, and ponders whether these experiences indicate alternative pathways of socio-economic progress or provide a unique framework for a South Asian development model. The experiences of economic reforms across the South Asian countries, with their distinctive socio-economic settings and public cultures, may thus provide fresh perspectives on the emerging development paradigms. The Handbook is indeed based on the premise that development economics and South Asia have a lot to learn from each other.As with the Handbook on the Northeast and Southeast Asian Economies, this latest Handbook will be an invaluable reference work for many years to come for researchers, academics and students of Asian studies and economics. Policymakers interested in learning more about the background and future opportunities and challenges posed by these economies will also find much to engage them.Trade Review'With its higher economic growth in recent years South Asia is becoming an increasingly important region in the global economy. This volume provides a very useful introduction to the economics of the region and will be of considerable interest to both students and researchers.' -- John Weiss, University of Bradford, UK'The editors and contributors are to be congratulated for this comprehensive and original survey of the enormously important and diverse South Asian economies.' -- Hal Hill, Australian National University'The Handbook on the South Asian Economies edited by Wahiduddin Mahmud and Anis Chowdhry is a collection of essays on political economy of development of all seven South Asian countries. It is also one of only a few books available in the market covering all economies of South Asia. Hence, it fills a gap in the literature on South Asian Development. One very important aspect of the book is a clear recognition by the editors that South Asia's development will have to be studied and analysed within the context of its socio-political institutions and hence not by relying solely on its economic policy regimes. I recommend this book to scholars of all disciplines.' -- Kartik Roy, University of Queensland, AustraliaTable of ContentsContents: Preface Introduction: South Asian Economic Development: Impressive Achievements but Continuing Challenges Wahiduddin Mahmud and Anis Chowdhury 1. India S. Mahendra Dev 2. Pakistan Parvez Hasan 3. Bangladesh Wahiduddin Mahmud 4. Sri Lanka Saman Kelegama 5. Nepal S.R. Osmani and B.B. Bajracharya 6. Bhutan S.R. Osmani, S. Tenzing and T. Wangyal 7. The Maldives Mamta Chowdhury Index

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Book SynopsisThe first multi-disciplinary history of the English East India Company, one of the most powerful commercial companies ever to have existed. Throws light on significant aspects of the Company's history. INTERNATIONAL JOURNAL OF MARITIME HISTORY The English East India Company was one of the most powerful commercial companies ever to have existed. It laid thefoundations of the British Empire in South Asia and thus lies at the very heart of the interlinked histories of Britain and Asia. This first multi-disciplinary history of the Company to be published commemorates the four-hundredth anniversary of the founding of this unique and extraordinary institution. Historians of art, culture, cartography, empire, politics, the sea, and trade, explore the origins, operation, and influence of the Company as an organisation that remained firmly engaged in maritime commercial activity in many different spheres, even as it acted as a powerful agent of territorial expansion on the Indian subcontinent. H.V. BOWEN is senior lecturer ineconomic and social history at the University of Leicester; NIGEL RIGBY and MARGARETTE LINCOLN work in the research department of the National Maritime Museum, London.Trade ReviewThis collection of fourteen excellent essays.provides us with a very comprehensive overview of the breadth and importance of the East India Company. * WORK BOAT WORLD *Everyone with scholarly interests in trading companies will enjoy the contents. * JOURNAL OF MODERN HISTORY *A useful reference book [that] reveals the richness and breadth of Indian studies. * CANADIAN JOURNAL OF HISTORY *Handsomely produced.[with] a number of superb black-and-white and colour reproductions of contemporary prints and ships models. * INTERNATIONAL JOURNAL OF NAUTICAL ARCHAEOLOGY *Throws light on significant aspects of the Company's history. * INTERNATIONAL JOURNAL OF MARITIME HISTORY *The essays are fresh, rich with data, thoughtfully and dynamically argued, engrossing. * JOURNAL of the AMERICAN ORIENTAL SOCIETY *

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Book SynopsisExamines how and why the East India Company was transformed from a commercial trading company to an institution of government, and then abolished. This book examines the development of British commercial, financial and political relations with India and the Far East during the final period of the East India Company's reign as the sovereign power in India. This was a most turbulent period for British commerce with India. The period began with the renewal of the East India Company's Charter and its component monopolies of trade with India and China, but this was quickly followed by the outbreak of theNapoleonic Wars, which spread to the east and saw the completion of Britain's assertion of power over India and much of Southeast Asia. However, the war also strengthened those political forces in Britain campaigning against the Company's monopolies of trade with India and China, which were consequently abolished under the Charter Acts of 1813 and 1833. The spectacular growth of the British economy following industrialisation brought new forces to bear upon India, with the rise of manufactured exports to the east. But the course of commercial relations did not run smoothly, and economic crises in Britain and India in 1833 and 1848 swept away commercial firms in both countries, andcaused severe economic retrenchments. This instability severely hampered efforts to facilitate the export of capital to India during the first half of the century. Finally the rebellion of 1857 spelt the death knell for the Company, and ushered in a new phase of Anglo-Indian economic relations, in which British foreign investment grew substantially. Anthony Webster is Head of the History Department at Liverpool John Moores University.Trade Review[An] excellent new book. [...] Many historians will find valuable new insights in these pages. * ASIAN AFFAIRS *Makes an important contribution to our understanding, not only of British imperialism in general, but also of the way in which the transition between mercantilism and liberalism actually took place and the nature of the challenges that the free market economy created. * INTERNATIONAL JOURNAL OF MARITIME HISTORY *Mines new territory by delving into the sparsely explored role played by British commercial and industrial pressure groups in Manchester, Glasgow and Liverpool in challenging the East India Company's monopoly in Asian trade. [...] This well researched and written book adds an important bookend to the history of the East India Company's demise. Highly Recommended. * CHOICE *Table of ContentsIntroduction: The End of the East India Company, the Historians and the Evolution of Anglo-Indian Commerce and Politics, 1790-1860 The Origins of the East India Company and the Rise of non-Company Commercial Interests in Britain, India and Asia, 1600-1793 War, Politics and India: The Battle for the East India Company Trade Monopoly, 1793-1813 Accommodating Free Trade: India, the East India Company and the Commercial Revolution of 1814-1830 Crisis and Trade Liberalisation 1830-34: Financial Chaos and the End of the East India Company's Commercial Role and Privileges Re-ordering Anglo-Asian Commerce and Politics, 1833-47 Crisis, the Resurgence of London and the End of the East India Company, 184 7-60 The Decline of the East India Company and the Evolution of British Commercial and Political Interests in Asia, 1793-1860: A Conclusion. Bibliography

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Book SynopsisProvides a detailed picture of the lives of the commanders and those around them, both at home and at sea. An original and evocative window onto the lives of men who bridged the two worlds of eighteenth century Europe and the Far East.' Professor Nicholas Rodger. This book represents a major contribution to our knowledge and understanding of the East Indian maritime world of the European trading companies. The Dutch East India Company, which ruled large and important parts of what is now Indonesia, and which controlled the highly lucrative trade from the Dutch East Indies to Europe, much of it a monopoly trade in pepper and other spices, was in this period larger and better established than its British counterpart. The book reconstructs and explores the careers of the highlyimportant and influential commanders of the Dutch East Indiamen, the ships which plied the trade routes between the East Indies and the Netherlands. It covers the company's system of examinations, how mates and masters acquired their navigational knowledge, how they lived their lives at sea and on land, and how, making use of the enormous opportunities for private trade, they were able to make substantial fortunes and climb the social ladder. The book contains a wealth of material on the social history of the commanders and those around them, both at home and at sea. JAAP R. BRUIJN is Professor Emeritus of Maritime History at Leiden University. He is one of the leadingmaritime historians in the Netherlands.Trade ReviewOffers a holistic picture of the special individuals who commanded the ships of the VOC, the world they inhabited and the company they worked for. * MARINER'S MIRROR *[A] detailed, focused and comprehensive work. ... It is an effective and informative group biography of the eighteenth-century VOC commanders, replete with insights into the maritime history of key towns dominated by the presence of the VOC, and indeed into the history of the company and its activities. * ANNUAL BULLETIN OF HISTORICAL LITERATURE *Recommended reading for maritime, social, and economic historians of the early modern period. * THE HISTORIAN *A very informative book. . Nobody else could have provided us with such a well-written and significant account of this subject, which is so essential to both Dutch and international maritime history. * NORTHERN MARINER *A fine monograph. * ECONOMIC HISTORY REVIEW *A noteworthy book that tells complex and illuminating stories. * NAUTICAL RESEARCH JOURNAL *A welcome addition to the existing literature for those who have a general or a scholarly interest in the * VOC. ITINERARIO *Represents a major contribution to our knowledge and understanding of the world of the European East India trading companies, whose wrecked ships figured so frequently in the early years of underwater archaeology. * INTERNATIONAL JOURNAL OF NAUTICAL ARCHAEOLOGY *This is an important work that is an essential read for anyone interested in the history of the VOC at its zenith. Those who venture to do so will find a fascinating account of what it was like to be a commander in the Dutch East India Company. * PIRATES AND PRIVATEERS *Table of ContentsEnkhuizen Hoorn Middelburg Delft Rotterdam Amsterdam Commanders from Outside the Six Chamber Cities Naval Officers Employed by the Company Appointment as Commander Examinations, Ranks and Training Normal Income Private Income On Board Their Ships Striking Differences in Personalities Professionals in a Conservative Company The English East India Company and Other Companies: Dutch Commanders in a Broader Perspective The Commander in Retrospect

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Book SynopsisExplains the astonishing growth of Middlesbrough from a hamlet to a very substantial town in the space of a few decades in the middle of the nineteenth century. Middlesbrough's rise was truly extraordinary, from almost nothing in 1850 to a great industrial city within a few decades, its success based on iron and steel. This book examines the development. It discusses the role of urban planners, charts the growth of the iron and steel industry including the introduction of new manufacturing techniques and the exploitation of important local iron ore deposits, and explores the role of a vast range of self-helpinstitutions through which workers supported themselves at a time when aid from the state was minimal. It shows how industries "clustered", explaining why Middlesbrough became the hub of such a cluster; outlines the demographic nature of the workforce, showing how there was much migration, with people coming to Middlesbrough to work for a while then leaving; and concludes by examining the adverse factors which quickly became apparent, some of whichwere to lead to Middlesbrough's decline - over-dependence on one industry, a relatively undiversified economic and social structure, and insufficient urban infrastructure which left the city vulnerable to debilitating environmental pollution. MINORU YASUMOTO is a Professor in the Faculty of Economics at Komazawa University, Japan.Trade ReviewAn admirable study....Any economic, urban or demographic historian who ignores [it] does so at their peril. * CULTURAL AND SOCIAL HISTORY *By some distance the most complete and sophisticated history ever attempted of Middlesbrough. ... [Yasumoto] has thrown down a challenge to other historians of regional economic development and provided a model for how the history of Victorian urban communities can be researched and written. * NORTHERN HISTORY *Future scholars will be grateful for the data made available in this study. * VICTORIAN STUDIES *This stimulating study is not only a significant contribution to Middlesbrough's history but also has much to offer for anyone interested in Victorian economic and social history. * CLEVELAND HISTORY *[A] thorough and meticulously researched book, full of impressive detail which paints a vivid picture [...] It provides an excellent basis for understanding the foundation and take-off in the growth of a town and industry, and makes an important contribution to the analysis of population growth during the rapid industrialisation of a previously undeveloped area. * YORKSHIRE ARCHAEOLOGICAL JOURNAL *[A] useful contribution to the urban, demographic, and medical history of midnineteenth-century Britain. * ECONOMIC HISTORY REVIEW *[A] most meticulously researched study. * THE LOCAL HISTORIAN *This study [...] will doubtless become a chief authority on industrialization and rapid urban development. * MINER'S ADVICE WEBSITE *Though packed with statistics, the author has worked them well into a readable narrative in which the general reader will find much of interest and a student of industrial and social history will revel. * YORKSHIRE GAZETTE & HERALD *[T]his thoroughly researched study makes use of an impressive array of sources in providing a detailed quantitative analysis throughout [...] in covering areas as diverse as urban growth, business organizations, labour markets and the contested terrain of medical provision, Victorian Ironopolis is sure to have broad appeal to urban historians researching a range of topics. * URBAN HISTORY *Table of ContentsTown Planning and the Birth of Middlesbrough Industrial Agglomeration in the Cleveland Iron and Steel Industry Demography and Urban Growth The Labour Market in Cleveland Iron and Steel Welfare Provision in Mid-Victorian Middlesbrough Conclusion

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Book SynopsisAn overview of the East India Company's policy towards religion throughout its period of rule in India. This wide-ranging book charts how the East India Company grappled with religious issues in its multi-faith empire, putting them into the context of pressures exerted both in Britain and on the subcontinent, from the Company's early mercantile beginnings to the bloody end of its rule in 1858. Religion was at the heart of the East India Company's relationship with India, but the course of its religious policy has rarely been examined in any systematic way. The free exercise of religion, the policy the Company adopted in its early days in order to safeguard the security of its possessions, was challenged by Evangelicals in the late eighteenth century. They demanded that the Company should grant free access to Christians of all Protestant denominations and an end to 'barbaric' Indian religious practices. This gave rise to an unprecedented petitioning movement in 1813, comparable in strength to that for theabolition of the slave trade the following year. It was an important milestone in British domestic politics. The final years of the Company's rule were dominated by its attempts to withstand Evangelical demands in the face of growing hostility from Indians. In the end it pleased no one, and its rule came to a gory and ignominious end. In this compelling account, Penny Carson examines the twists and turns of the East India Company's policy on religious issues. The story of how the Company dealt with the fact that it was a Christian Company, trying to be equitable to the different faiths it found in India, has resonances for Britain today as it attempts to accommodate the religions of all its peoples within the Christian heritage and structure of the state. Penelope Carson is an independent scholar with a doctorate from King's College, London.Trade Review[A]n impressive range of archival sources . . . about English religious politics of the 'sun never sets on the British Empire' school. * ANGLICAN & EPISCOPAL HISTORY *Carson has delivered a well-written and thoroughly researched monograph that will be a welcome addition to upper-division and graduate courses on British India . . . [and] to imperial and religious studies as well. Her work is the first of its kind to convey precisely why and how the Company implemented its religious policies, all within the context of a bitter debate between the Established Church and 'evangelicalism. * THE HISTORIAN *[A] superbly researched study [that] provides a valuable empirical foundation for understanding the complex forces that underlay Company policy, Evangelical activism, and ideology in British India. * CANADIAN JOURNAL OF HISTORY *[A] new and deftly researched volume. * ASIAN AFFAIRS *A well-written narrative, both readable and informative. * H-NET REVIEWS *An impressive study. * JOURNAL OF BRITISH STUDIES *For the more specialist student of missiology and imperial history, its drawing on such precise historical material will make it an invaluable resource. * CHURCH TIMES *Table of ContentsIntroduction A Christian Company? The East India Company, Britain and India: 1770-1790 The 1790s: A Time of Crisis The Pillar of Fire Moves Foreward: The Advent of British Missionaries, 1793-1806 The Wisdom of the Serpent and the Innocence of the Dove: The Vellore Mutiny and The Pamphlet War, 1806-1808 Troubled Years, 1807-1812 Battle Lines Drawn: Missions, Dissent and the Establishment The 1813 Renewal of the Company's Charter: The Religious Public Takes on the Company A Turbulent Frontier: The Company and Religion, 1814-1828 A New Dawn? The Era of Lord William Bentinck, 1828-1835 Between Scylla and Charibdis, 1836-1858 Conclusion and Epilogue: Strangers in the Land

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Book SynopsisAn analysis of later Stuart economic culture that contributes significantly to our understanding of early modern society. The English economy underwent profound changes in the seventeenth and eighteenth centuries, yet the worldly affairs of ordinary people continued to be shaped as much by traditional ideals and moral codes as by material conditions.This book explores the economic implications of many of the era's key concepts, including Christian stewardship, divine providence, patriarchal power, paternal duty, local community, and collective identity. Brodie Waddell drawson a wide range of contemporary sources - from ballads and pamphlets to pauper petitions and guild regulations - to show that such ideas pervaded every aspect of social and economic relations during this crucial period. Previous discussions of English economic life have tended to ignore or dismiss the influence of cultural factors. By contrast, Waddell argues that popular beliefs about divine will, social duty and communal bonds remained the frame through which most people viewed vital 'earthly' concerns such as food marketing, labour relations, trade policy, poor relief, and many others. This innovative study, demonstrating both the vibrancy and the diversity of the 'moral economies' of the later Stuart period, represents a significant contribution to our understanding of early modern society. It will be essential reading for all early modern British economic and cultural historians. BrodieWaddell is Leverhulme Early Career Fellow at the University of Cambridge. He has published on preaching, local government, the landscape and other aspects of early modern society.Trade ReviewThis is undoubtedly a successful and important book, not least because it is richly researched and highly suggestive. * ENGLISH HISTORICAL REVIEW *A well-written addition to scholarship on early modern English culture and economic relations. It stands on its own for its contribution to our understanding of 'moral economies' and communal solidarities, but it is equally valuable for its succinct summary and analysis of existing literature on this topic. * JOURNAL OF SOCIAL HISTORY *A stimulating and thoughtful introduction to early modern economic culture for a reader unfamiliar with the existing scholarship. He succeeds in his aim of demonstrating that the later Stuart era had a rich and important moral economy. * REVIEWS IN HISTORY *A valuable discussion of the persistence of moralized conceptions of material life in an era more celebrated for the contribution of a minority of intellectuals. Waddell's book is richly researched. He is to be congratulated for not simply challenging established narratives, but for making suggestions about how to replace them. * H-ALBION *A meticulous and well-written analysis. * CHOICE *Table of ContentsIntroduction God's Will: Judgement, Providence and the Prayers of the Poor Oeconomical Duties: Patriarchy, Paternalism and Petitioning Communal Bonds: Solidarity, Alterity and Collective Action Conclusion: Rethinking Economic Culture Bibliography

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Book SynopsisAn analysis of how Britain developed a superb supply system for the navy, with beneficial consequences both for victory in war and for Britain's economic development. A very important analysis of British naval victualling, with wide implications for economic as well as naval history. N.A.M. RODGER, All Souls College, Oxford This book, by a leading French maritime historian, discusses how Britain's success in the Seven Years War (1756-63) was made possible by the creation of a superb victualling system for the British navy. It shows how this system had been developed over the preceding centuries, how it balanced carefully the advantages of state control with the flexibility of commercial contracting, and how the system was designed to mesh with and support British strategic ambitions. It provides rich detail on how the system worked,how it was administered, how key products were priced, bought, stored and transported, and how it compared, very favourably, to equivalent systems in France and elsewhere. The book shows how the increasing efficiency of theVictualling Board enabled the navy to take advantage of agricultural, commercial and financial advances in the British economy to supply its front line fighting forces over ever longer distances and ever longer periods. The Victualling Board was one of a number of interfaces between the demands of the State and the supply facilities of the economy, to their mutual benefit. As a major purchaser through competitive tender, the Board made a positive contribution to the entrepreneurial spirit of British society. The book goes beyond maritime history by discussing how naval supply provided a huge stimulus for British finance, agriculture, trade and manufacturing, and argues that all this together was one of the principal causes of Britain's later Industrial Revolution. CHRISTIAN BUCHET is Professor of Modern History and Director of the Centre d'Etudes de la Mer at the Institut Catholique de Paris. Besides comparative studies of the British and French navies 1688-1783, he has written extensively on maritime environmental issues and is Secretary General of the National Council of the French Archipelago.Trade ReviewImpressively grounded on extensive empirical research and provides a thorough explanation of English naval victualing during the first half of the eighteenth century. * HISTORY *A welcome addition to anyone's maritime history library. * NAUTICAL RESEARCH JOURNAL *Buchet's excellent and thoroughly empirical case study demonstrates how the Royal Navy came to spend a very significant percentage of the state's budget, actively anticipating the capitalist system, and 'was surely one of the major forces behind British economic development'. * FORUM NAVALE *Fascinating reading for anyone interested in the impact of the Royal Navy above and beyond the defence of the realm. -- JULIAN STOCKWIN, novelist and bloggerAn essential part of naval administrative historiography. . To have Buchet's work available in English will be a great boon to scholars. * H-WAR, September 2013 *Argues convincingly that the wartime requirements of the government compelled lasting changes in the British economy. * CHOICE *Table of ContentsForeword Introduction From an Empirically-Based Organisation to a Centrally Planned System: The Strengths and Weaknesses of the Victualling Board The Victualling Board and the Seven Years War Food Rations and their Evolution The Victualling Board's Principal Bases An Example of a Victualling Yard under the Jurisdiction of the Victualling Board: Plymouth, Satellite of British Logistical Power Victualling in the Secondary Home Ports and in the Overseas Stations An Example of Stations Managed by a Private Contractor in the Service of the Crown: The Caribbean Staging Posts Meat Cereals and Pulses The Remaining Sectors: Beverages, Butter and Cheese, Salt, Olive Oil and Raisins Conclusion Appendix I: Ordinary Charge of the Victualling Board in 1747 Appendix II: Commissioners of the Victualling Board, 1755-1763 Appendix III: The Structure of British Naval Administration Appendix IV: Itemised Distribution of Victualling Board Expenses Appendix V: List of Victuals on the Southsea Castle Leaving for the East Indies at the end of 1759 with a Crew of 130 Men Appendix VI: Process to be used in the Curing of Meat Appendix VII: Wage Totals, according to Activity, Paid to Victualling Personnel in the London Yard in the First Quarter of 1761 Appendix VIII: Supervisory Staff of the Victualling Board 1761 Sources and Bibliography

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Book SynopsisFirst in-depth account of the role played by the Crown Agents in the growth of the colonies. The Crown Agents Office played a crucial role in colonial development. Acting in the United Kingdom as the commercial and financial agent for the crown colonies, the Agency supplied all non-locally manufactured stores required bycolonial governments, issued their London loans, managed their UK investments, and supervised the construction of their railways, harbours and other public works. In addition, the Office supervised the award of colonial land and mineral concessions, monitored the colonial banking and currency system, and performed a personnel role, paying colonial service salaries and pensions, recruiting technical officers, and arranging the transport of officers, troopsand Indian indentured labour. In this important book, the first in-depth investigation of the Agency, David Sunderland examines each of these services in turn, determining in each case whether the Crown Agents' performance benefited their clients, the UK economy or themselves. His book is thus both an account of a remarkable and unique organisation and a fascinating examination of the "nuts and bolts" of nineteenth-century development. David Sunderland is Reader in Business History, Greenwich University.Trade ReviewBased on a detailed reading of difficult archival material [this book] provides the first major account of the role and development of the Crown Agents. [It] makes a valuable addition to the historical literature in many different fields. These range from commercial, financial and business history to imperial, administrative and political history. As such it should be welcomed. * ENGLISH HISTORICAL REVIEW *A great read. * THE OVERSEAS PENSIONER *Table of ContentsIntroduction The Office of the Crown Agents Supply monopoly and the purchase of goods Service provision: costs, delay, quality The department system of infrastructure construction Construction by contractor, private sector and public works Public loan issue The external finance safety net; monitoring the Crown Agents External finance, the remittance of funds and colonial investments after 1899 Concessions, currency and stamps The Crown Agents and personnel The enquiries of 1901 and 1908

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Book SynopsisA detailed study of changing patterns of consumption, showing how these related to wider political, social and economic developments. This book, based on extensive original research, argues that everyday Irish consumption underwent major changes in the 16th century. The book considers the changing nature of imported goods in relation especially to two major activities of daily living: dress and diet. It integrates quantitative data on imports with qualitative sources, including wills, archaeological and pictorial evidence, and contemporary literature and legislation. It shows that changes in Irish consumption mirrored changes occurring in England and across Europe and that they were a function of broader developments in the Irish economy, including the increasing participation of Irish merchants in European markets. The book also discusses how consumption was related to wider political, economic and cultural developments in Ireland, showing how the acquisition and interpretation of material goods were key factors in the mediation of political and social boundaries in a semi-colonised and contested society. Susan Flavin completed her doctorate in early modern history at the University of Bristol.Trade ReviewA much-needed reference point for early modern social and economic history in Ireland. * CULTURAL AND SOCIAL HISTORY *[A] significant and engaging book.. An important book. * HISTORY *[A]n engaging and well-written work that opens up and encourages the exploration of many avenues for the further study of early modern Ireland as well as providing food for thought for those working on other countries. * JOURNAL OF BRITISH STUDIES *This groundbreaking study of consumption patterns in sixteenth-century Ireland successfully challenges a long-established assumption that the island's economy was essentially underdeveloped during this century. * RENAISSANCE QUARTERLY *The study of Irish social and economic history under the Tudors has been limited to a few monographs over the past century, and the new book by Susan Flavin describing consumption and culture is a welcome addition to this meager archive. * SIXTEENTH CENTURY JOURNAL *Table of ContentsIntroduction: Subject and Sources The Expanding Trade The Dynamics of the Trade Consuming Fashion From Head to Toe Wearing, Making and Embellishing Colour and Cleanliness Food, Drink and Society Provisions The Grape and the Grain Cooking and Dining Drinking and Entertainment Conclusion Bibliography Appendices

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Book SynopsisPresents the latest research on the causes and consequences of British population change from the medieval period to the eve of the Industrial Revolution, in both town and countryside Population, Welfare and Economic Change presents the latest research on the causes and consequences of British population change from the medieval period to the eve of the Industrial Revolution, in both town and countryside. Its overarching concern is with the economic and demographic decision-making of individuals and groups and the extent to which these were constrained by institutions and resources. Within this, the volume's particular focus is on population growth: its causes and the welfare challenges it posed. Several chapters investigate the success with which the English Old Poor Law provided care for the poor and elderly, and new work on alternative welfare institutions, such as almshouses, is also presented. A further distinctive feature of this book is its comparative perspective. By making systematic comparisons between economic and demographic developments in pre-industrial Britain and those taking place in various regions of contemporary Continental Europe and Russia, several chapters uncover how far Britain in this period was 'different'. Stimulating to experts and students alike, Population, Welfareand Economic Change offers overviews and summaries of the latest scholarship by leading economic historians and historical demographers, alongside detailed case studies which showcase the original research of younger scholars. Chris Briggs is Lecturer in Medieval British Economic and Social History at the University of Cambridge and a Fellow of Selwyn College. P.M. Kitson is a former Research Associate at the Cambridge Group for the Historyof Population and Social Structure and Bye-Fellow of Downing College, Cambridge. S.J. Thompson is a former J.H. Plumb Fellow and Director of Studies in History at Christ's College, Cambridge. CONTRIBUTORS: Lorraine Barry, Jeremy Boulton, Chris Briggs, Bruce M.S. Campbell, Tracy Dennison, Nigel Goose, R.W. Hoyle, Peter Kitson, Julie Marfany, Rebecca Oakes, Sheilagh Ogilvie, Stephen Thompson, Samantha Williams, Sir Tony Wrigley, Margaret YatesTrade ReviewUseful to family historians who wish to understand more of the lives of their ancestors who lived prior to the Victorian era. * ESSEX SOCIETY FOR FAMILY HISTORY *Table of ContentsIntroduction - Chris Briggs and P. M. Kitson and S. J. Thompson European Marriage Patterns and their Implications: John Hajnal's Essay and Historical Demography During the Last Half-Century - E.A. Wrigley The Population Geography of Great Britain c.1290: a Provisional Reconstruction - Bruce M.S. Campbell and Lorraine Barry Mobility and Mortality: How Place of Origin Affected the Life Chances of Late Medieval Scholars at Winchester College and New College Oxford - Rebecca Oakes Family and Welfare in Early Modern Europe: a North-South Comparison - Julie Marfany Support for the Elderly during the 'Crisis' of the English Old Poor Law - Samantha Williams Indoors or Outdoors? Welfare Priorities and Pauper Choices in the Metropolis under the Old Poor Law, 1718-1824 - Jeremy Boulton Population Growth and Corporations of the Poor, 1660-1841 - S. J. Thompson Charity and Commemoration: a Berkshire Family and their Almshouse 1675-1763 - Nigel Goose and Margaret Yates The Institutional Context of Serfdom in England and Russia - Tracy Dennison Choices and Constraints in the Pre-Industrial Countryside - Sheilagh Ogilvie Some Commercial Implications of English Individualism - Richard Hoyle Select Bibliography

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Book Synopsis"Beyond the Border" sets the lives and work of Huguenot goldsmiths in the context of the different societies in which they lived and worked. Distinguished international scholars explore the contributions of individual goldsmiths drawing on new research. Michele Bimbenet Privat examines the lives and work of Huguenot goldsmiths in France during times of tolerance of the Protestant religion in the 16th and 17th centuries. She explains how protestant craftsmen dominated regional centres but found establishing a presence in the metropolis more challenging. The influence of the Louis XIV style was greater on the leading Dutch goldsmiths in the late 17th and 18th centuries. In contrast to London, first generation Huguenot goldsmiths played only a minor role in their adopted cities of The Hague and Amsterdam. Those who settled in Berlin and Kassel, often from Metz in Northern France, made a greater impact through the purity of style in which they continued to work in the 18th century. Those who settled in the English speaking world benefited from ambitious patronage from noble and professional clients. Goldsmiths who settled in the American colonies had more in common stylistically with those who worked in Dublin and Cork. First generation Huguenot goldsmiths in London set the pace for the next generation which produced in Paul de Lamerie one of the most successful craft businesses of his generation. "Beyond the Border" explores the transatlantic links between the Huguenot goldsmiths who settled in Europe and America.Table of ContentsPart I: Huguenot Goldsmiths in Northern Europe; Part II: Huguenot Goldsmiths in the English-speaking World; Index.

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Book SynopsisThis Companion of nineteen essays, accompanied by the editor's introduction, investigates aspects of the philosophical foundations of Adam Smith's thought as well as his economic analysis and approach to policy. The authors view Adam Smith's work as an interconnected system of thought, which incorporates both moral philosophy and economics. His earlier work in moral philosophy, The Theory of Moral Sentiments receives significant consideration and the contributors also discuss important connections and insights into the sort of economics that Adam Smith is more widely known for in his Wealth of Nations. This book is distinguished from other collections of essays on Adam Smith in that all of the contributors are economists, and the coverage is determined by the interests of contemporary economists and scholars in the history of economic thought.A wide audience will find this Companion of great value and interest, including economists, the general economics profession, political scientists and political theorists, and philosophers with an interest in Adam Smith's work as well as historians of economics. Advanced undergraduate and post-graduate students in these fields will also warmly welcome the book.Trade Review‘The Elgar Companion to Adam Smith contains a set of papers by outstanding scholars, many of whom have made a career of studying Smith and have separately written book-length treatises on him. The reader is thus treated to a mature and nuanced treatment of Smith throughout. . . an outstanding collection by a gifted group of writers, and is highly recommended.' -- Jonathan B. Wright, EH.NET'If you wish to immerse yourself in debates over the wealth of ideas to be found in Adam Smith's writings, this is the book for you.' -- Michael Schneider, History of Economics ReviewTable of ContentsContents: Introduction Jeffrey T. Young Table of Smith’s Primary Works Brendan Long Smith’s Life and Major Works Brendan Long PART I: ADAM SMITH’S SYSTEM AND ITS ANTECEDENTS: PHILOSOPHICAL CONCERNS 1. Adam Smith, the Last of the Former Virtue Ethicists Deirdre McCloskey 2. Adam Smith and Aristotle Gloria Vivenza 3. Agency and Discourse: Revisiting the Adam Smith Problem Vivienne Brown 4. Adam Smith’s Theism Brendan Long 5. Smith’s Philosophy and Economic Methodology Sheila C. Dow 6. The Moral Philosophical Frame of Adam Smith’s Economic Thought Jerry Evensky PART II: ADAM SMITH’S SYSTEM AND ITS ANTECEDENTS: ANALYTICAL ECONOMICS 7. Adam Smith, the Physiocrats and Turgot Peter Groenewegen 8. Wants versus Needs: A Smithian Model of General Equilibrium Amos Witztum 9. Stochastic Demand and the Extent of the Market: Another Piece of the Smith Puzzle James M. Buchanan and Yong J. Yoon 10. Smithian Answers to Some Puzzling Results in the Experimental Literature Maria Pia Paganelli PART III: APPLICATIONS AND POLICY ANALYSIS 11. The Invisible Hand Warren J. Samuels 12. Adam Smith and Economic Development Salim Rashid 13. ‘In the Heat of Writing’: Polemics and the ‘Error of Adam Smith’ in the Matter of the Corn Bounty Glenn Hueckel 14. The Mercantile System Andrew S. Skinner 15. Jeremy Bentham and Adam Smith on the Usury Laws: A ‘Smithian’ Reply to Bentham and a New Problem Samuel Hollander 16. ‘Only Three Duties’: Adam Smith on the Economic Role of Government Steven G. Medema and Warren J. Samuels 17. Adam Smith on the Standing Army versus Militia Issue: Wealth Over Virtue? Leonidas Montes 18. Adam Smith and the Place of Faction David M. Levy and Sandra J. Peart 19. Adam Smith and the Chicago School Steven G. Medema Index

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Book SynopsisProbably no region's economists have had greater public visibility or greater impact on regional and national public policy than Latin America's and no region has been more directly affected by the spread of US economics. Economists in the Americas joins a small but important comparative literature on economics as a profession and is the first comparative treatment of professional economists in the United States and Latin America. A multidisciplinary group of scholars discusses the last sixty years of shifting trends in economics in seven countries in the Western Hemisphere - Argentina, Brazil, Chile, Colombia, Mexico, Uruguay and the United States. The chapters address the history of economics in the Americas, the role of economists in politics and policy-making, economics education and competing paradigms in the field. This collection points to the interconnections among the national cases, the forging and breakdown of consensus around state and market dominance, the transnational diffusion of economic ideas and professional norms, as well as the embrace and rejection of an increasingly Americanized professional identity among Latin American economists. The book will be of interest to policymakers and scholars interested in the comparative history and sociology of economics, development, public policy, international affairs, political science and Latin American studies.Trade Review'. . . this book is a magnificent achievement.' -- David E. Hojman, Critical Policy StudiesTable of ContentsContents: Preface 1. Economists in the Americas: Convergence, Divergence and Connection Verónica Montecinos, John Markoff and María José Álvarez-Rivadulla 2. The Internationalization of Ideas in Argentina’s Economics Profession Glen Biglaiser 3. Economists in the Brazilian Government: From Developmentalist State to Neoliberal Policies Maria Rita Loureiro 4. Economics: The Chilean Story Verónica Montecinos 5. Colombia: Economics, Economic Policy and Economists Luis Bernardo Flórez Enciso 6. From Nationalism to Neoliberalism: Conflict and Consensus in the History of Mexican Economics Sarah Babb 7. The United States: An Economist’s Economy Marion Fourcade 8. Economics, Economists and Politics in Uruguay Adolfo Garcé 9. Epilogue: A Glance Beyond the Neoliberal Moment Verónica Montecinos and John Markoff Index

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Book SynopsisComprising a series of unique and informative interviews, this original book focuses on the evolution and current state of the economic literature on the Great Depression. Renowned economists assess the status of the remaining debates, evaluate what economists do and do not know about the economics of the interwar era, and examine the new directions economic research is taking in attempting to better understand this important economic epoch.Every generation of economists tries to understand the Depression, but the interwar generation of economists who lived through it left several issues unresolved. Often scholars from the generation that follows a particular event are the ones who provide fresh and disinterested evaluations of the historical period. We are now at that point in our evaluation of the economics of the interwar era. This book contains interviews with 12 American economists who have made substantial contributions to our understanding of the economics of the Great Depression: Peter Temin, Ben Bernanke, James Hamilton, Robert Lucas, Lee Ohanian, Christina Romer, Barry Eichengreen, Stephen Cecchetti, James Butkiewicz, Michael Bordo, Charles Calomiris and Allan Meltzer. Together and individually, they provide an enlightening account of what we have learned about the Great Depression from the post-World War II generation of economists. This accessible, highly readable book continues and extends the discussion of the Great Depression, appealing to students and scholars of both economics and history.Trade Review'Parker provides an interesting, detailed account of recent mainstream thought on the origins, transmission and the end of the Great Depression. He is a skilled investigator, whose knowledge and preparation contributed to a series of informative conversations with renowned scholars.' -- David A. Zalewski, Heterodox Economics Newsletter'This engaging book will provide entertaining and thought-provoking reading to anyone interested in current economic analysis of the great depression.' -- Robert W. Dimand, Economic History Review'Parker is an extremely knowledgeable interviewer. . . very interesting volume in that it pretty clearly lays out the different approaches and conclusions of many of the key scholars of this period.' -- Harold Cole, Journal of Economic Literature'This volume is organized into two parts, both of which are worthwhile. The first is a short overview of the economics of the Great Depression. The second part includes interviews with 12 eminent economists (e.g., Peter Temin, Ben Bernanke, Robert Lucas, Allan Meltzer) who have expertise on this topic. Because Parker is well versed in the literature, he is able to draw out his subjects in a way that engages them with each other, even though only one is present at the time. The result is a book that almost gives the impression of attending a high-powered symposium. . . The book is well structured, with a bibliography pointing readers to the underlying literature being discussed. Highly recommended.' -- M. Perelman, ChoiceTable of ContentsContents: Foreword by Victor Zarnowitz Preface An Overview of the Great Depression 1. Peter Temin 2. Ben Bernanke 3. James Hamilton 4. Robert Lucas 5. Lee Ohanian 6. Christina Romer 7. Barry Eichengreen 8. Stephen Cecchetti 9. James Butkiewicz 10. Michael Bordo 11. Charles Calomiris 12. Allan Meltzer References Index

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Book SynopsisMore than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country's recovery and growth.International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.Table of ContentsContents: Foreword 1. Introduction 2. The Korean Economy Before and After the Crisis 3. What Caused the Crisis? A Post Mortem 4. US Policy Toward the Crisis 5. The Monetary Policy Response to the Crisis 6. The Fiscal Policy Response to the Crisis 7. Social Impact of the Crisis 8. Financial Restructuring 9. Corporate Restructuring 10. Changes in the Labor Markets and Industrial Relations 11. Transparency and Social Capital 12. Social Realignment, Coalition Change and Political Transformation 13. Recurrence of Financial Crises: Cross-Country Patterns and Implications for Korea 14. Reform and the Risk of Recurrence of Crisis References Index

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Book SynopsisAlthough the activities of large industrial and financial corporations dominate economies around the world, their impact on the distribution of employment and the use of new production techniques is much disputed. In this two-volume set, the editors examine the changes which have taken place in the organization of work and the nature of employment over the last half century. The articles selected for these volumes address the issues of work, skills and employment, with particular focus on the manufacturing sector, which has seen rapid change in working practices, and on the expanding service sector, where new kinds of jobs entail serving customers and working in the money, banking and financial services, call-centres and the public and government sector. Many of the studies challenge the utopian view of post-Fordist work regimes and raise questions about the effectiveness of post-Fordist concepts in accounting for the variety of changes in the world economy.In a new introduction the editors offer a comprehensive overview and discussion of these concerns.Trade Review'The world of work has changed dramatically over the past 50 - or even 30 - years, and it is fashionable to speak of a transformation from Fordism to Post-Fordism. But what exactly is new, and what remains the same? With their comprehensive selection of readings and their own sensitive overview of the issues, Huw Beynon and Theo Nichols provide the foundation for a nuanced answer - and show that the brave new world of work is no utopia.' -- Richard Hyman, London School of Economics, UKTable of ContentsContents: Volume I: Acknowledgements Introduction Huw Beynon and Theo Nichols PART I FORDISM/POST-FORDISM? WHAT IS THE QUESTION? 1. Ray Kiely (1998), ‘Globalization, Post-Fordism and the Contemporary Context of Development’ 2. Kuniko Fujita and Richard Child Hill (1995), ‘Global Toyotaism and Local Development’ 3. George Ritzer (1989), ‘The Permanently New Economy: The Case for Reviving Economic Sociology’ 4. Randy Hodson (1995), ‘Worker Resistance: An Underdeveloped Concept in the Sociology of Work’ 5. Paul Thompson and Stephen Ackroyd (1995), ‘All Quiet on the Workplace Front? A Critique of Recent Trends in British Industrial Sociology’ 6. Ethan B. Kapstein (1996), ‘Workers and the World Economy’ 7. Charles Tilly (1995), ‘Globalization Threatens Labor’s Rights’ PART II WORK, SKILLS AND EMPLOYMENT: THE JOBS ISSUE 8. John Atkinson and Denis Gregory (1986), ‘A Flexible Future: Britain’s Dual Labour Force’ 9. Doreen Massey (1983), ‘The Shape of Things to Come’ 10. Peter Cappelli (1995), ‘Rethinking Employment’ 11. John Francis Geary (1992), ‘Employment Flexibility and Human Resource Management: The Case of Three American Electronics Plants’ 12. Colin Crouch (1997), ‘Skills-based Full Employment: The Latest Philosopher’s Stone’ 13. Duncan Gallie (1991), ‘Patterns of Skill Change: Upskilling, Deskilling or the Polarization of Skills?’ 14. Damian Grimshaw, Huw Beynon, Jill Rubery and Kevin Ward (2002), ‘The Restructuring of Career Paths in Large Service Sector Organizations: “Delayering”’ 15. Jamie Peck and Nikolas Theodore (2000), ‘“Beyond ‘Employability”’ PART III MANUFACTURING JOBS: MOTORS – OLD JOBS, NEW CONTEXTS 16. Alan McKinlay and Ken Starkey (1994), ‘After Henry: Continuity and Change in Ford Motor Company’ 17. John Holloway (1987), ‘The Red Rose of Nissan’ 18. Stephen Wood (1987), ‘On the Line’ 19. Jonas Pontusson (1992), ‘Unions, New Technology, and Job Redesign at Volvo and British Leyland’ 20. Ruy de Quadros Carvalho and Hubert Schmitz (1989), ‘Fordism is Alive in Brazil’ 21. Constance Lever-Tracy (1990), ‘Fordism Transformed? Employee Involvement and Workplace Industrial Relations at Ford’ 22. Alice R. de P. Abreu, Huw Beynon and José Ricardo Ramalho (2000), ‘“The Dream Factory”: VW’s Modular Production System in Resende, Brazil’ 23. Jorge Carrillo V. (1995), ‘Flexible Production in the Auto Sector: Industrial Reorganization at Ford-Mexico’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I BEYOND MOTORS – MANUFACTURING CHANGE 1. Rik Huys, Luc Sels, Geert Van Hootegem, Jan Bundervoet and Erik Hendrickx (1999), ‘Toward Less Division of Labor? New Production Concepts in the Automotive, Chemical, Clothing, and Machine Tool Industries’ 2. Ian M. Taplin (1995), ‘Flexible Production, Rigid Jobs: Lessons from the Clothing Industry’ 3. Alastair Whyte Greig (1992), ‘Rhetoric and Reality in the Clothing Industry: The Case of Post-Fordism’ 4. Chul-Kyoo Kim and James Curry (1993), ‘Fordism, Flexible Specialization and Agri-Industrial Restructuring: The Case of the US Broiler Industry’ 5. Joel Novek (1989), ‘Peripheralizing Core Labour Markets?: The Case of the Canadian Meat Packing Industry’ 6. Jody Knauss (1998), ‘Modular Mass Production: High Performance on the Low Road’ 7. Chris Rowley (1998), ‘Manufacturing Mobility? Internationalization, Change and Continuity’ PART II NEW KINDS OF JOBS: CALL CENTRES 8. Sue Fernie (1998), ‘Hanging on the Telephone’ 9. Stephen J. Frenkel, May Tam, Marek Korczynski and Karen Shire (1998), ‘Beyond Bureaucracy? Work Organization in Call Centres’ 10. Gavin Poynter (2000), ‘“Thank You for Calling”: The New Ideology of Work in the Service Economy’ 11. David Holman and Sue Fernie (2000), ‘Can I Help You? Call Centres and Job Satisfaction’ 12. Phil Taylor, Chris Baldry, Peter Bain and Vaughan Ellis (2003), ‘“A Unique Working Environment”: Health, Sickness and Absence Management in UK Call Centres’ PART III JOBS IN FINANCIAL SERVICES 13. John Storey, Peter Cressey, Tim Morris and Adrian Wilkinson (1997), ‘Changing Employment Practices in UK Banking: Case Studies’ 14. Andrew Leyshon and Nigel Thrift (1993), ‘The Restructuring of the U.K. Financial Services Industry in the 1990s: A Reversal of Fortune?’ 15. D.J. Pratt (1998), ‘Re-placing Money: The Evolution of Branch Banking in Britain’ 16. Adam Tickell (1997), ‘Restructuring the British Financial Sector into the Twenty-first Century’ 17. Terry Austrin (1991), ‘Flexibility, Surveillance and Hype in New Zealand Financial Retailing’ PART IV SERVING THE CUSTOMER 18. Holly J. McCammon and Larry J. Griffin (2000), ‘Workers and Their Customers and Clients’ 19. Paul du Gay (1993), ‘“Numbers and Souls”: Retailing and De-Differentiation of Economy and Culture’ 20. Patrice Rosenthal, Stephen Hill and Riccardo Peccei (1997), ‘Checking Out Service: Evaluating Excellence, HRM and TQM in Retailing’ 21. Yvonne Guerrier and Amel S. Adib (2000), ‘“No, We Don’t Provide That Service”: The Harassment of Hotel Employees by Customers’ 22. Linda Fuller and Vicki Smith (1991), ‘Consumers’ Reports: Management by Customers in a Changing Economy’ PART V WORKING FOR THE STATE 23. Bob Carter (1997), ‘Restructuring State Employment: Labour and Non-Labour in the Capitalist State’ 24. Deborah Foster and Paul Hoggett (1999), ‘Change in the Benefits Agency: Empowering the Exhausted Worker?’ 25. Geraldine Lee-Treweek (1997), ‘Women, Resistance and Care: An Ethnographic Study of Nursing Auxiliary Work’ 26. Donna Baines (2004), ‘Caring for Nothing: Work Organization and Unwaged Labour in Social Services’ 27. Stephen Harrison and George Dowswell (2002), ‘Autonomy and Bureaucratic Accountability in Primary Care: What English General Practitioners Say’ 28. Tim May (1994), ‘Transformative Power: A Study in a Human Service Organization’ 29. Chris Jones (2001), ‘Voices From the Front Line: State Social Workers and New Labour’ PART VI BEYOND THE STATE: THE FUTURE OF WORK? 30. Theo Nichols and Julia O’Connell Davidson (1993), ‘Privatisation and Economism: An Investigation amongst “Producers” in Two Privatised Public Utilities in Britain’ 31. Michael Burawoy and Pavel Krotov (1992), ‘The Soviet Transition from Socialism to Capitalism: Worker Control and Economic Bargaining in the Wood Industry’ 32. Helen Sampson (2003), ‘Transnational Drifters or Hyperspace Dwellers: An Exploration of the Lives of Filipino Seafarers Aboard and Ashore’ Name Index

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Book SynopsisThis second and final book in the exploration of the pioneers of financial economics examines the development of the discipline during the twentieth century. Specially commissioned essays discuss scholars from the early part of the century to the Nobel Prize winners of the last decade including: Irving Fisher, Frederick Macaulay, Harry Markowitz and Fischer Black. Discussions of less familiar, though no less important, historical figures are also included.The essays situate the emergence of modern financial economics - commonly referred to as modern finance - within the broader context of the intellectual development of economic science. The book begins by exploring contributions from the early part of the century. Succeeding chapters present the views of modern finance insiders and consider alternative perspectives, with sociological interpretations of the rise of modern financial economics. An outstanding volume of original analysis, Pioneers of Financial Economics: Volume 2 is an essential reference source of seminal contributions on the history of financial economics.Students and scholars of finance, economics, sociology and intellectual history will find this comprehensive volume an invaluable addition to their library. The relatively non-technical nature of the book makes it accessible to professionals in the fields of finance and economics.Trade Review'Numerous delights await readers of Poitras and Jovanovic's fascinating book. . . Pioneers of Financial Economics: Volume 2 is an indispensable reference for practitioners as well as scholars. It covers 20th century innovations thoroughly, and its prose generally meets a high standard of clarity. Above all, the book proves that history written with a point of view can furnish insights of extraordinary practical value. To evaluate where a field of study stands, knowing whence it came is invaluable.' -- Martin S. Fridson, Financial Analysts Journal'This collection of essays about twentieth century pioneers of finance offers valuable insights into the thinking of some of the pioneers of financial economics. I especially enjoyed the essay about Irving Fisher. I learned a lot of new things from it.' -- Zvi Bodie, Boston University, USTable of ContentsContents: Introduction Geoffrey Poitras PART I: EARLY CONTRIBUTIONS 1. A Brief History of Yield Approximations Gabriel Hawawini and Ashok Vora 2. Early Contributors to Financial Management: Jeremiah Jenks, Edward Meade and William Ripley Morgen Witzel 3. Irving Fisher and his Students as Financial Economists Robert W. Dimand 4. Frederick R. Macaulay, Frank M. Redington and the Emergence of Modern Fixed Income Analysis Geoffrey Poitras PART II: THE MODERN FINANCE REVOLUTION: THE INSIDE PERSPECTIVE 5. A Portfolio of Nobel Laureates: Markowitz, Miller and Sharpe Hal Varian 6. Merton Miller and Modern Finance Rene M. Stulz 7. In Honor of the Nobel Laureates Robert C. Merton and Myron S. Scholes: A Partial Differential Equation that Changed the World Robert A. Jarrow 8. Fischer Black Robert C. Merton and Myron S. Scholes 9. The Efficient Markets Hypothesis: A Developmental Perspective Kian-Guan Lim PART III: ALTERNATIVE PERSPECTIVES ON THE REVOLUTION 10. The Role of the CAPM, the Modigliani–Miller Theorems and the Efficient Markets Hypothesis in the Rise of a Scientific Discipline Franck Jovanovic 11. The Emergence of Option Pricing Theory Donald MacKenzie 12. The History of Quantitative Risk Measurement Elton G. McGoun 13. Understanding Financial Market Prices: Reality versus Rigor Paul Davidson Index

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Book SynopsisThis volume, a collection of essays by internationally known experts in the area of the history of economic thought and of the economics of Keynes and macroeconomics in particular, is designed to celebrate the 75th anniversary of the publication of The General Theory. The essays contained in this volume are divided into four sections. The first section contains three essays that explore the concept of fundamental uncertainty and its unique role in The General Theory. The second section contains four essays that examine the place of The General Theory in the history of macroeconomics since 1936. The third section contains three essays that explore the interrelationships among Keynes, Friedman, Kaldor, Marx and Sraffa and their approaches to macroeconomic theory and policy. The final section contains a pair of essays that provide several new interpretations of The General Theory and its position within macroeconomics. Keynes's General Theory is intended for those students and scholars who are interested in the economics of Keynes and the rich variety of approaches to macroeconomic theory and policy.Trade Review‘This volume of essays certainly deserves a warm welcome and a readership outside as well as within the economics profession.’ -- Peter Clarke, CerclesTable of ContentsContents: In Memory of Gilles Dostaler Robert W. Dimand Editor’s Introduction Thomas Cate PART I: THE GENERAL THEORY AND FUNDAMENTAL UNCERTAINTY 1. On Keynes’s Seminal Innovation and Related Essential Features: Revisiting the Notion of Equilibrium in The General Theory Angel Asensio 2. Keynes, the Neglected Theorist M.G. Hayes 3. Keynes’s Economic Theory – Judgement under Uncertainty Elke Muchlinski PART II: THE GENERAL THEORY AND THE HISTORY OF MACROECONOMICS 4. Dead or Alive? The Ebbs and Flows of Keynesianism Over the History of Macroeconomics Michel DeVroey 5. The Roots of the Present are in the Past: The Relation of Postwar Developments in Macroeconomics to Interwar Business Cycle and Monetary Theory Robert W. Dimand 6. Keynes’s General Theory, the Quantity Theory of Money and Monetary Policy Peter Docherty 7. The General Theory of Employment, Interest, and Money after 75 Years: The Importance of Being in the Right Place at the Right Time Matthew N. Luzzetti and Lee E. Ohanian 8. The impact of The General Theory on Economic Theory and the Development of Public Policies: A Nested Vision of Keynes’s Ideas with the Classical Vision through a Panoramic View of his Works Lall Ramrattan and Michael Szenberg PART III: THE GENERAL THEORY AND FRIEDMAN, KALDOR, MARX AND SRAFFA 9. The Right Kind of an Economist: Friedman’s View of Keynes Roger E. Backhouse and Bradley W. Bateman 10. Keynes after Sraffa and Kaldor: Effective Demand, Accumulation and Productivity Growth Alcino F. Camara-Neto and Matías Vernengo 11. The General Theory, Marx, Marxism and the Soviet Union Gilles Dostaler PART IV: THE GENERAL THEORY AND NEW INTERPRETATIONS 12. The General Theory: Seventy-Five Years Later Omar F. Hamouda 13. Money’s Endogeneity, Keynes’s General Theory and Beyond Louis-Phillippe Rochon 14. Interest and Profit John Smithin 15. Keynes after 75 Years: Rethinking Money as a Public Monopoly L. Randall Wray Index

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Book SynopsisThis book illustrates contested perspectives on globalisation represented by the diverse experiences of selected economies within the Asia-Pacific region, namely Australia, China, India and Sri Lanka as case studies. Academics and practitioners from national governments and international organisations have contributed their unique experiences and skill-sets to a volume written in a non-technical but rigorous fashion, enabling the reader to follow complex and technical debates pertaining to globalisation. The book begins by studying the nature of disagreements among economists on the benefits and costs of globalisation, highlighting ways in which one can consolidate the gains from globalisation while mitigating its costs, offering a critique of macroeconomic conservatism and discussing the promises, pitfalls and perils of foreign direct investment. The contributors then go on to anchor global debates in regional and country specific circumstances. The issues discussed range from broad political economy perspectives to industry case studies but all are united by concerns about socio-economic disparities in an age of globalisation.Scholars and researchers at many levels and in many fields of study including Asian studies and international economics will find this readable volume of great interest and value, as will policymakers.Trade Review'. . . this book is timely, given how the anti-globalisation movement draws so much attention. The book's strength lies in how it examines diverse economies of the Asia-Pacific region. . . Islam and Hossain's volume provides a solid and informative foundation for addressing these highly important themes.' -- Brian J. McVeigh, Geschichte TransnationalTable of ContentsContents: Preface PART I: DEBATES ON GLOBALISATION: SELECTED ISSUES 1. Globalisation, Economic Development and Economists: Voices of Dissent Iyanatul Islam 2. Keeping the Gains of Globalisation Brendan Berne 3. Globalisation: Macroeconomic Management and Public Finance John Quiggin 4. Macroeconomic Stability, Growth and Employment: Issues and Considerations Beyond the Washington Consensus Muhammed Muqtada 5. Foreign Direct Investment Policy and Economic Development Bernie Bishop PART II: GLOBALISATION IN THE ASIA-PACIFIC REGION: SELECTED CASE STUDIES 6. Changing China’s Political Economy: Uniting and Dividing Impacts of Globalisation Leong H. Liew 7. The ‘New-Economy’ and India’s Integration into the Global Market: The Case of the Silk Industry Moazzem Hossain and Clarisse Didelon 8. Globalisation, Poverty and Disparities: The Case of Sri Lanka Jayatilleke S. Bandara and Athula Naranpanawa 9. It’s the Government, Stupid! Globalisation, Government and Equality in Australia Tom Conley Index

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Book SynopsisJohn Kenneth Galbraith was an eminent economist and proponent of change. The contributors to the book further his analysis on the evolution of capitalism; taking into account changes to the general economic climate since the publication of J.K. Galbraith's main thesis, they outline new ideas which form fertile ground for new research.The book begins with a penetrating analysis of the main features of today's capitalism and in particular the conflict between shareholders and managers. It moves on to focus on the consequences of globalization in the decision-making processes of large corporations and represents an important step in the development of a theory of fraud and corruption within corporations. In the final part, the authors address and explore the consequences of the domination of influential groups over major social and political decisions, on the blurred boundaries between the public and the private sectors and its consequences in the fields of technological regulation and the evolution of public services. In so doing, the authors question the meaning and power of democracy in today's society.Innovation, Evolution and Economic Change will appeal to a wide readership and audience of economists, policy makers and political organization.Table of ContentsContents: Foreword John Kenneth Galbraith Introduction PART I: CHANGING CAPITALISM: SHAREHOLDERS VERSUS MANAGERS 1. Professionals’ Capitalism and Democracy Luiz Carlos Bresser-Pereira 2. From One Managerial Capitalism. . . to Another Pascal Petit 3. The End of Capitalism. J.K. Galbraith versus K. Marx and J.A. Schumpeter Sophie Boutillier 4. The Power of Large Companies Marlyse Pouchol 5. Is Capitalism Still Galbraithian? Guy Claire PART II: GLOBALIZED TECHNOSTRUCTURES: TOWARDS A THEORY OF THE CORRUPT CORPORATION 6. Galbraith’s Views on Firm and Market: Between Neo-Institutionalism and Evolutionism Bernadette Madeuf 7. Global R&D Networks and ICT: What Impacts on Firms? Denis Carré, Gilliane Lefebvre, Bernadette Madeuf and Christian Milelli 8. Large Corporations and Technostructures in Competition Blandine Laperche 9. The Corrupt Corporation: A Galbraith-Inspired Analysis Michael Dietrich and Abhijit Sharma 10. The Global Restructuring of Capitalism: New Technologies and Intellectual Property George Liodakis PART III: CHARTING THE FUTURE: INNOVATION, STATE POWER AND THE MARKET SYSTEM 11. Galbraith and the Political Economy of Technological Innovation: Critical Perspectives and a Heterodox Synthesis Jerry Courvisanos 12. Knowledge and Innovation: Power and Counterpower Andrée Kartchevsky and Muriel Maillefert 13. Science and Governance in the National Systems of Innovation Approach Victor Pelaez 14. Privatization and the Management of Intellectual Property Rights: The Case of the British Defence Research Establishments Jordi Molas-Gallart and Puay Tang 15. Galbraith and Institutionalist Analysis: An Assessment Based on the US Military–Industrial System Transformations in the 1990s Luc Mampaey and Claude Serfati 16. What Has Happened to the Public Sector? Marketization and Financial Logic Blandine Laperche and Dimitri Uzunidis Index

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Book SynopsisThe Elgar Dictionary of Economic Quotations is a unique compendium of quotations on subjects of interest to economists and those who are generally intrigued by the social sciences. The coverage is not merely confined to economists, but includes quotes from essayists, jurists, philosophers, politicians, religious leaders, revolutionaries, scientists, and numerous other important figures who have contributed to our understanding of economic matters. Presented in a highly readable format, this impressive volume contains the thoughts and opinions of hundreds of individuals on issues relating to the economy, government, money, poverty, wealth, and a host of other important topics. Complemented by an extensive list of references and comprehensive subject index, this dictionary will be an invaluable source of reference for anyone who wants to know the answer to the question, 'Who said what about that?'.Trade Review'We owe the editor of this book a debt of gratitude for assembling, alphabetically by author, this entertaining collection of quotations. Moreover, it is complemented with 26 pages of references and a very useful 66-page subject index. . . This collection will save the researcher a lot of time looking for particular quotations and provide a guide to those original sources that contain more extended discussions of particular topics. Another pleasing feature is that the coverage is not just restricted to economists - scientists, politicians, philosophers, jurists and essayists are included. . . Readers of this Review will find amusement and profundity in the collected quotations assembled in this volume.' -- John Lodewijks, History of Economics Review'This is a handy book to have on one's shelf. It is at once useful, fun, interesting, and conversation-stimulating. . . It will be a "book that launched a thousand epigrams", the device used by those of us plodders who cannot think of something sufficiently witty or profound (or both) of our own with which to begin our articles and books.' -- Steven G. Medema, Journal of the History of Economic Thought'This dictionary offers expanded coverage not often seen in books of quotations. The quotation or phrase does not stand alone, rather the entries are presented within the original sentence or paragraph as appropriate to convey the full meaning of the quotation. This unique approach not only adds detail to the entries, but encourages the reader to consider the quote within a broader historical context. An extensive list of source references, useful for further research, follows the collection. The topic index includes detailed subdivisions for ease in locating particular quotes, although the reader may enjoy simply perusing the entries of favorite contributors.' -- Polly D. Boruff-Jones, American Reference Books Annual'McCann provides an interesting and useful source for quotations in economics. Unlike most quote books, entries are entire paragraphs instead of just simple phrases, giving greater context for each quotation. . . Because the book is arranged by author, it has a very detailed subject index. The bibliography of sources for the quotations makes it easy to locate more of the context for a particular quotation. Recommended. General and academic readers.' -- D.G. Ernsthausen, ChoiceTable of ContentsContents: Preface Notes on Appearance Acknowledgements Dictionary of Economic Quotations References Index

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Book SynopsisIn Debt, Innovations, and Deflation, the authors analyze the deflation theories of Thorstein Veblen, Irving Fisher, Joseph A. Schumpeter, and Hyman Minsky. In so doing, they develop a paradigm for understanding the phenomenon of deflation. They explain how technological, organizational, and financial innovations, combined with developments related to the creation and use of debt, give rise to conditions in which both deflation and inflation can be present in the modern economy.The past several years have ushered in a new era in economic policy issues. After decades of concern over inflation, a series of studies brought to light the potentially greater danger of deflation. In response, the authors provide a critical re-examination of the literature and theories of deflation. A driving question behind the research is whether post-World War II capitalist economies rely on economic policies and institutional reforms to keep an inherent tendency toward deflation in check? And can the theories of Veblen, Fisher, Schumpeter and Minsky shed light on how the creation and use of debt can create a modern economy affected simultaneously by deflation and inflation?Scholars and students of economic history and finance will enjoy this insightful examination of the subject.Trade Review'J. Patrick Raines and Charles G. Leathers have produced a remarkable book on a very timely subject. . . the book is a valuable contribution to the literature on the causes of deflation, and how it has been treated by the Fed.' -- Fadhel Kaboub, EH.NET'Debt, Innovations, and Deflation is an interesting, enriching read for any non-economist curious about the origins of deflation in the 20th and early 21st century American economy. I would also wholeheartedly recommend this book to any undergraduate studying the field of economics.' -- Zachary Nixon, Heterodox Economics NewsletterTable of ContentsContents: Preface 1. Introduction 2. How Deflation Became a Monetary Policy Issue 3. Monetary Theories of Deflation 4. Debt, Innovations, and Deflation in Veblen's Theory 5. Fisher's Debt-Deflation Theory of Great Depressions 6. Innovations, Debt, and Deflation in Schumpeter's Theory 7. Minsky's Financial Instability Hypothesis and Debt-Deflation 8. Deflation Theories and Recent Deflation Concerns Bibliogrpahy Index

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Book SynopsisContrary to the commonly perpetuated belief that Keynes's theory is appropriate only to economic depressions, the author of this provocative book maintains that Keynes provided a complete set of macroeconomic relations and the ingredients of a new theoretical model, much more reflective of and analytically appropriate to the 21st century than those on which current macroeconomics is based.With the perspective of Keynes as the backdrop, the author begins with a discussion of the characteristics of the financial crises of 2008 and the 1930s. He then goes on to show that Keynes provided a novel, general theory, constructed as the EC-SP model (different from that of the Classicals' Labour Theory of Value model and the neoClassicals' antithetical IS-LM model), a theory yet unrecognized as being behind both A Treatise on Money and The General Theory. He presents here the premises of Keynes's contributions which still await use by a generation of economists to reassess macroeconomics and orient it in a new direction.This unique and authoritative look at Keynes's body of work will be an essential read for scholars and students of economics. Anyone trying to understand the state of the 'entrepreneurial economy', of which the 2008 financial crisis is but one manifestation prone to recurrence, will find the work an important resource.Trade Review'Professor Hamouda's book is very timely and thought provoking and should be an eye opener for students of economics who were brought up in the anti-Keynesian last decades of the twentieth century, or were taught the garbled rather than updated revived Keynesianism which has recently become popular.' -- Y.S. Brenner, Retired Professor of Economics, Utrecht University, The NetherlandsTable of ContentsContents: Preface Introduction 1. The Financial Crisis of 2008 and the UnKeynesian Keynes 2. Money, Price, and Interest 3. Keynes’s Semantic Shifts: The Shock of A Treatise on Money 4. Keynes’s Theoretical Shift: Casualty of the Criticism of the Treatise 5. Keynes’s Causal Relations: The General Theory Derailed 6. Inflation/Deflation and the Policy of the General General Theory Conclusion Appendices Index

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Book SynopsisA key book on Zimbabwe's industrial policy and the relationship between manufacturing, the state, and economic interest groups. Under pressure from local manufacturers, and recognising that industrial policy was a legitimate instrument for development, on 1 July 2016, to boost domestic production, the Government of Zimbabwe passed Statutory Instrument 64 which limited imports and foreign manufactures, allowing local producers satisfy demand. Zimbabwe's neighbours immediately protested that this flouted the Southern Africa Development Community (SADC)'s Protocol on Trade, which aimed to increase trade across borders at regional and national levels. This matter revived the conversation about protectionism as an instrument of industrial policy. Protectionism in Africa is neither limited to Zimbabwe, nor is it a new phenomenon. This book brings a historical perspective to the conversation by exploring the policy proposals and political pressure exerted by manufacturing businesses on the trajectory of industrialisation in colonial Zimbabwe, and reveals that the major point of contention between the state, industry, and other economic interest groups in this period was protection. Tracing changing attitudes to the country's political economy, the author examines the way in which industrialists advanced their interests through the Association of Rhodesian Industries (ARnI) and other trade bodies, and shows how this pitted them not only against the state but other blocs of capital - farmers, miners and commerce. He examines the impact of the post-war Customs Union Agreement with South Africa, manufacturing strategy under UDI, and examines the impact of Southern Rhodesia's development on its trading partners in South Africa, Zambia and Malawi. Casting new light on the continuing debate on regional trade, this important book adds to our understanding of the settler colony's economic, business, and political history.Table of ContentsIntroduction 1 The Origins of Secondary Industry: The Teething Years, 1890-1938 2 'To Industrialise or Not': Economic Interest Groups, the State and Secondary Industry, 1939-1948 3 Post-war Industrial Growth, Organised Industry and the Central African Federation, 1949-1957 4 Secondary Industry, Changing Economic Fortunes and Central African Decolonisation, 1957-1965 5 Industrialising under Sanctions: Organised Industry and the State during UDI, 1966-1979 Conclusion Bibliography Index

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Book SynopsisThe most influential and controversial economist of the twentieth century, John Maynard Keynes was the leading founder of modern macroeconomics, and was also an important historical figure as a critic of the Versailles Peace Treaty after World War I and an architect of the Bretton Woods international monetary system after World War II. This comprehensive Companion elucidates his contributions, his significance, his historical context and his continuing legacy. Prominent scholars examine Keynes's life and major writings, his theories and contributions, influences on the development of his thought, his interactions with his contemporaries, his followers and critics, the lasting significance of his work and the changing fortunes of Keynesianism in different countries.The concise but thorough and comprehensive entries are arranged in eight parts: Life and Work, Influences, Major Works, Economic Analysis, Critics and Contemporaries, Associates, Legacy and Impact, and Keynesianism in Various Countries. The Companion will serve as the standard reference work for all those interested in John Maynard Keynes, in the economics of Keynes and in the history of macroeconomics.Contributors include: N. Aslanbeigui, M. Assous, R. Backhouse, I. Barens, D. Besomi, P. Bini, M. Boianovsky, H. Bortis, M. Boumans, V. Caspari, V. Chick, P. Clarke, P. Davidson, J.B. Davis, R.W. Dimand, R. Dos Santos Ferreira, S. Dow, M.J. Flanders, J. Forder, M. Forstater, D. Glasner, R. Gomez Betancourt, C. Goodhart, P. Groenewegen, H. Hagemann, O. Hamouda, G.C. Harcourt, I. Hardeen, E. Hein, S. Hollander, P. Howitt, S. Howson, S.D. Kasper, P. Kerr, J. King, H. Klausinger, J. Kregel, P. Kriesler, H.D. Kurz, M. Lavoie, B. Littleboy, L. Magnusson, M.C. Marcuzzo, A. Millmow, D.E. Moggridge, A. Molavi Vassei, J. Neville, R. O'Donnell, G. Oakes, L. Ramrattan, S. Rivot, G. Rubin, M. Sawyer, R. Skidelsky, R.P. Smith, P. Spahn, M. Szenberg, A. Thirlwall, G. Tilly, H.-M. Trautwein, M. Wakatabe, L.R. Wray, W. YoungTrade Review‘This volume is an excellent reference book on Keynes and Keynesian economics.’ -- Ivo Maes, Journal of European Integration History‘Keynes’s life and thought is a very large and multidimensional subject. To understand it we need to hear from multiple interpretive voices and the Elgar Companion certainly provides that.’ -- Tony Aspromourgos, The History of Economics Review'Imaginatively edited and extremely wide-ranging, this always readable and sometimes provocative collection vividly displays the depth, breadth and persistence of Keynes's influence on our discipline: particularly recommended as a reliable cure for the intellectual indigestion so often brought on by overindulging in any of today's DSGE heavy diets.' --David Laidler, University of Western Ontario, Canada'To create a macroeconomics for this century, economists cannot do better than to build on the legacy of Keynes, the great economist of the last century. The Elgar Companion to John Maynard Keynes provides essential background, context, and analysis for understanding Keynes's work. I wish it had been available when I was preparing my own contribution to the rejuvenation of ideas that were revolutionary when Keynes propounded them more than 80 years ago and remain revolutionary to this day.' --Stephen Marglin, Harvard University, USTable of ContentsContents: PART I: LIFE AND WORK 1. John Neville Keynes Heinrich Bortis 2. Florence Ada Keynes Indra Hardeen 3. Lydia Lopokova Indra Hardeen 4. The Bloomsbury Group Victoria Chick 5. The India Office Donald Moggridge 6. World War I Donald Moggridge 7. Keynes and British Financial Policy in the Inter-war period Donald Moggridge 8. World War II Donald Moggridge 9. Before and After Bretton Woods June Flanders PART II: INFLUENCES 10. G.E. Moore John Davis 11. Bertrand Russell John Davis 12. Ludwig Wittgenstein John Davis 13. Frank P. Ramsey John Davis 14. Thomas Robert Malthus Samuel Hollander 15. Alfred Marshall Peter Groenewegen 16. Knut Wicksell Mauro Boianovsky 17. John Atkinson Hobson John King 18. Irving Fisher Robert W. Dimand PART III: MAJOR WORKS 19. A Treatise on Probability Rod O’Donnell 20. Indian Currency and Finance Rebecca Gomez-Betancourt 21. The Economic Consequences of the Peace Robert W. Dimand 22. A Tract on Monetary Reform Robert W. Dimand 23. The Economic Consequences of Mr. Churchill Robert W. Dimand 24. The End of Laissez-Faire Sherry Davis Kasper 25. Am I a Liberal? Robert W. Dimand 26. Economic Possibilities for our Grandchildren Harald Hagemann 27. A Treatise on Money Ingo Barens 28. Essays in Biography Geoff Harcourt 29. Lectures on ‘The Monetary Theory of Production’ and ‘The General Theory of Employment' Robert W. Dimand 30. The General Theory of Employment, Interest and Money Robert Skidelsky 31. How to Pay for the War Peter Spahn PART IV: ECONOMIC ANALYSIS 32. The Quantity Theory of Money Arash Molavi Vassei 33. The Multiplier Robert W. Dimand 34. Say’s Law Harald Hagemann 35. Effective Demand Paul Davidson 36. Unemployment Sylvie Rivot 37. Wages and Employment Harald Hagemann 38. Consumption and Saving Volker Caspari 39. Investment, Expectations and the Marginal Efficiency of Capital Jan Kregel 40. Liquidity Preference Victoria Chick 41. Risk and Uncertainty Sheila Dow 42. IS-LM Warren Young 43. The Finance Motive Jan Kregel 44. The Keynes-Sraffa-Hayek Controversy Heinz D. Kurz 45. Econometrics: The Keynes-Tinbergen controversy Marcel Boumans and Neil De Marchi 46. Trade Cycle Daniele Besomi 47. Mercantilism Lars Magnusson 48. Imperfect Competition Rodolphe Dos Santos Ferreira PART V: Critics and contemporaries 49. Arthur Cecil Pigou Nahid Aslanbeigui and Guy Oakes 50. Dennis Holme Robertson Mauro Boianovsky and Charles Goodhart 51. Joseph Alois Schumpeter Harald Hagemann 52. Lionel Robbins Susan Howson 53. Ralph George Hawtrey David Glasner 54. Friedrich August Hayek Hansjörg Klausinger 55. Bertil Ohlin Hans-Michael Trautwein 56. William H. Beveridge Robert W. Dimand 57. Michal Kalecki Malcolm Sawyer PART VI: ASSOCIATES 58. Piero Sraffa Heinz Kurz 59. Roy Forbes Harrod Daniele Besomi 60. Richard Ferdinand Kahn Maria Cristina Marcuzzo 61. Joan Violet Robinson Prue Kerr 62. James Edward Meade Susan Howson 63. Colin Clark Alex Millmow 64. Richard Stone Ron P. Smith 65. Lorie Tarshis Robert W. Dimand 66. David Champernowne Mauro Boianovsky PART VII: LEGACY AND IMPACT 67. John Richard Hicks Omar Hamouda 68. G.L.S. Shackle Bruce Littleboy 69. Alvin Harvey Hansen Roger E. Backhouse 70. Mabel Timlin Robert W. Dimand 71. Paul Anthony Samuelson Roger E. Backhouse 72. Lawrence Klein Robert W. Dimand 73. Franco Modigliani Michael Szenberg and Lall Ramrattan 74. Robert M. Solow Michael Assoũs 75. James Tobin Robert W. Dimand 76. Nicholas Kaldor A.P. Thirlwall 77. Milton Friedman Sylvie Rivot 78. Harry Gordon Johnson Donald Moggridge 79. Don Patinkin Goulven Rubin 80. Robert W. Clower Peter Howitt 81. Axel Leijonhufvud Hans-Michael Trautwein 82. Hyman Minsky L. Randall Wray 83. Sidney Weintraub Paul Davidson 84. Post-Keynesian Economics Eckhard Hein and Marc Lavoie 85. New Keynesian Macroeconomics Peter Spahn 86. The Phillips Curve James Forder 87. The Rise, Fall, and Return of the ‘Master’ Peter Clarke PART VIII: KEYNESIANISM IN VARIOUS COUNTRIES 88. Keynesianism in the United Kingdom Geoff Tily 89. Keynesianism in the United States Mathew Forstater 90. Keynesianism in Canada Robert W. Dimand 91. Keynesianism in Germany Harald Hagemann 92. Keynesianism in France Goulven Rubin 93. Keynesianism in Italy Piero Bini 94. Keynesianism in Japan Masazumi Wakatabe 95. Keynesianism in Australia John W. Neville and Peter Kriesler Index

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Book SynopsisIt is now widely acknowledged that institutions are a crucial factor in economic performance. Major developments have been made in our understanding of the nature and evolution of economic institutions in the last few years. This book brings together some key contributions in this area by leading internationally renowned scholars including Paul A. David, Christopher Freeman, Alan P. Kirman, Jan Kregel, Brian J. Loasby, J. Stanley Metcalfe, Bart Nooteboom and Ugo Pagano. This essential reader covers topics such as the relationship between institutions and individuals, institutions and economic development, the nature and role of markets, and the theory of institutional evolution. The book not only outlines cutting-edge developments in the field but also indicates key directions of future research for institutional and evolutionary economics.Vital reading on one of the most dynamic and rapidly growing areas of research today, The Evolution of Economic Institutions will be of great interest to researchers, students and lecturers in economics and business studies.Trade Review'This volume documents in a unique manner the momentum the institutionalist, evolutionary research agenda has regained over the past two decades. The thought-provoking contributions come from prominent authors with a rather heterogeneous theoretical background. Nonetheless, they all convene in elaborating on issues that have always been at the core of the institutionalist agenda and show how these issues relate to cutting edge research in modern economics.' -- Ulrich Witt, Max Planck Institute of Economics, Jena, Germany'This excellent EAEPE Reader brings together a range of perspectives on the role of institutions in economics. It is very well structured, with parts on microeconomics, macroeconomics, markets and economic evolution. Each part contains chapters written by renowned experts in their respective fields and there is an authoritative introductory chapter by the editor. This Reader is invaluable for economics students and academic economists wishing to better understand how institutions and individual behaviours interact in the economic system. Much of standard economic analysis either ignores institutions or makes overly restrictive assumptions about them - the authors in this book show, persuasively, that economics, without an adequate treatment of institutions and institutional change, is of very little scientific worth.' -- John Foster, The University of Queensland, Australia'This is a great set of essays. To get the richness they contain, the reader must be already familiar with the broad orientation of the literature on economic institutions. Given that background, I can think of no collection or essays that frame, illuminate, and probe modern institutional economics as well as does this set. Geoffrey Hodgson, who chose the collection, and the authors of the essays, are to be congratulated and thanked.' -- Richard R. Nelson, Columbia University, USTable of ContentsContents: Preface 1. Introduction Geoffrey M. Hodgson PART I: INDIVIDUALS, INTERACTIONS AND INSTITUTIONS 2. Bounded Rationality and Institutionalism Ugo Pagano 3. Individual and Aggregate Behaviour: Of Ants and Men Alan P. Kirman 4. Governance of Transactions: A Strategic Process Model Bart Nooteboom PART II: ECONOMIC DEVELOPMENT AND PATH DEPENDENCE 5. The Political Economy of the Long Wave Christopher Freeman 6. Instituted Economic Processes, Increasing Returns and Endogenous Growth J. Stanley Metcalfe 7. Path Dependence, its Critics, and the Quest for ‘Historical Economics’ Paul A. David PART III: THE MARKET IN ECONOMIC THOUGHT 8. Financial Markets and Economic Development: Myth and Institutional Reality Jan Kregel 9. The Meaning of the Market: Comparing Austrian and Institutional Economics Philippe Dulbecco and Véronique Dutraive PART IV: COMPARATIVE EVOLUTIONARY PERSPECTIVES 10. Uncertainty, Intelligence and Imagination: George Shackle’s Guide to Human Progress Brian J. Loasby 11. Evolutionary Themes in the Austrian Tradition: Menger, von Wieser and Schumpeter on Institutions and Rationality Richard Arena and Sandye Gloria-Palermo 12. The Relevance Today of Edith Penrose’s Theory of the Growth of the Firm Margherita Turvani 12. The Naturalist View of Universal Darwinism: An Application to the Evolutionary Theory of the Firm J.W. Stoelhorst Bibliography Index

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Book SynopsisErudite, accessible and lucidly written, this book provides a stimulating introduction to the careers and main published works of the Nobel Memorial Laureates in Economics. It will prove to be an invaluable reference book on key figures in economics and their path-breaking insights. The vignettes should also encourage the reader to sample some of the Laureates' original works and gain a better understanding of the context in which new ideas were first put forward. Original features of the book include: a foreword by Professor Mark Blaug a review of the Nobel Memorial Prize in Economics, including a biographical guide to potential future winners a table summarising the Laureates': year and country of birth; university and year of their first and higher degrees; their affiliation at the time of the award; broad field of study; and Prize citation comprehensive individual entries on each of the Laureates (including their photographs), covering their careers and main published works a glossary of selected associations, awards, institutions and societies. Written primarily for undergraduate and postgraduate students, this is also a book that many teachers and lecturers will want on their shelves. It will prove to be an invaluable reference tool for anyone wanting to understand how past events and individuals have helped mould contemporary economics.Trade Review'. . . this book will continue to share shelf-space next to my current textbooks. As a librarian, such utility makes this a desirable addition to any educator's collection. As a history of economic thought book, Vane and Mulhearn have brought together a breadth of information that can be found through disparate sources but at a cost of effort and, especially for students, qualitative decisions regarding sources. . . The convenience of their starting methodology, breadth over depth coverage, and clear intention of writing to an audience of students makes this a useful text.' -- Kirk Douglas Johnson, Journal of the History of Economic Thought'The essays summarizing the main achievements of the prize winners are well written and to the point. They are short enough that they never cause the reader to lose interest, but substantive enough to let you know what the winners' accomplishments amount to. These compact, factually accurate essays mark the real value of the book as a reference work. . . there is little for which to fault the authors. Vane and Mulhearn have done a very nice job with the book, and it is an added bonus that it includes a formal portrait photograph of each prize winner.' -- Bradley W. Bateman, History Political Economy'. . . Vane and Mulhearn have produced a useful reference work.' -- John Quiggin, Economic Analysis and Policy'This collection has the capacity to surprise the reader. You learn all sorts of new and sometimes admirable things about these economists and about the richness of the profession that is often obscured from students of the subject.' -- John Lodewijks, History of Economics ReviewTable of ContentsContents: Preface Foreword by Mark Blaug The Nobel Memorial Prize in Economics: A Biographical Overview 1969: Ragnar Frisch 1969: Jan Tinbergen 1970: Paul Samuelson 1971: Simon Kuznets 1972: John Hicks 1972: Kenneth Arrow 1973: Wassily Leontief 1974: Gunnar Myrdal 1974: Friedrich von Hayek 1975: Leonid Kantorovich 1975: Tjalling Koopmans 1976: Milton Friedman 1977: Bertil Ohlin 1977: James Meade 1978: Herbert Simon 1979: Theodore Schultz 1979: Arthur Lewis 1980: Lawrence Klein 1981: James Tobin 1982: George Stigler 1983: Gerard Debreu 1984: Richard Stone 1985: Franco Modigliani 1986: James Buchanan 1987: Robert Solow 1988: Maurice Allais 1989: Trygve Haavelmo 1990: Harry Markowitz 1990: Merton Miller 1990: William Sharpe 1991: Ronald Coase 1992: Gary Becker 1993: Robert Fogel 1993: Douglass North 1994: John Harsanyi 1994: John Nash Jr. 1994: Reinhard Selten 1995: Robert Lucas Jr. 1996: James Mirrlees 1996: William Vickrey 1997: Robert Merton 1997: Myron Scholes 1998: Amartya Sen 1999: Robert Mundell 2000: James Heckman 2000: Daniel McFadden 2001: George Akerlof 2001: Michael Spence 2001: Joseph Stiglitz 2002: Daniel Kahneman 2002: Vernon Smith 2003: Robert Engle 2003: Clive Granger 2004: Finn Kydland 2004: Edward Prescott Glossary of Selected Associations, Awards, Institutions and Societies References Index

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Book SynopsisArising from a disenchantment with mainstream economics - a dissatisfaction that is widespread today - A Short History of Economics and Ethics sketches the emergence and decline of the ethical tradition of economics and the crisis of modern economics. In doing so, James Alvey focuses on four of the leading ancient Greek thinkers: Socrates, Xenophon, Plato and Aristotle. The author uses insights from Amartya Sen's Capabilities approach as well as other sources to retrieve the ethical tradition of economics. Five aspects of this tradition which seem to lie outside of mainstream economics are identified: an ethical methodology; some notion of a just price; an understanding that ethical motivations are relevant to human action; a rich understanding of human well-being; and some notion of distributive justice related to human well-being. Creating a forum for further debate and research opportunity, this book will appeal to students, scholars and historians of economic thought, as well as to all those interested in the intersection of ethics with economics. Contents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introduction to the Socratics: Socrates and Xenophon 4. Plato Part I: The Early and Middle Dialogues 5. Plato Part II: The Late Dialogues 6. Aristotle Part I: Ethics 7. Aristotle Part II: Politics (High and Low) 8. Aristotle Part III: Economics 9. Conclusion References IndexTrade Review‘. . . it is systematic, ordered, and continuously guides the reader - an assistance that is necessary given the great quantity of classifications and precision that the topic requires. I think that this book is helpful and may provoke a healthy reflection on the characteristics of economics.’ -- Ricardo F. Crespo, Journal of Markets & Morality‘Enhanced with extensive references and a comprehensive index, A Short History of Ethics and Economics is informed, informative, and highly recommended for professional and academic library ethical studies and history of economics reference collections and supplemental reading lists.’ -- The Midwest Book Review‘This is an important and timely work that addresses the moral crisis of contemporary economics. Alvey not only provides an excellent narrative of classical Greek economics, but his arguments are aimed at restoring the central role that ethics played in the long tradition of economic thought. This is an invaluable scholarly resource for academics and students of political economy as well as the history of political thought.’ -- Benjamin Wong, Nanyang Technological University, SingaporeTable of ContentsContents: 1. Introduction 2. An Introduction to Ancient Greek Political Economy 3. An Introduction to the Socratics: Socrates and Xenophon 4. Plato Part I: The ‘Early’ and ‘Middle’ Dialogues 5. Plato Part II: The ‘Late’ Dialogues 6. Aristotle Part I: Ethics 7. Aristotle Part II: Politics (High and Low) 8. Aristotle Part III: Economics 9. Conclusion References Index

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Book SynopsisThis book restates the importance of the study of the history of ideas, in the context of the writings of economists. After an initial statement, a case study involving five methodological detours is considered. This is followed by an analysis of a flawed attempt to remedy the manifest deficiencies of the static general equilibrium model. A general overview of classical economics is followed by an account of the world of Alfred Marshall who did so much to bridge the gap between classical and neo-classical economics. The work of two great historians of economics, Edwin Cannan and J.R. McCulloch, is discussed, as well as that of Paul Samuelson who while a leading theorist has defied the narrow essentialism now fashionable, and remained a scholar. There are also three chapters dealing with one of the most learned writers on economics, Friedrich Hayek.Illustrated by discussions of methodological and historical issues, the book will be essential reading for economists, researchers and students of the history of economic thought.Trade Review'O'Brien is an exemplary economist, being at the forefront of the senior generation of economists who have made seminal contributions to the history of thought as part of a broader career in economics, in his case with important papers on customs union theory and industrial economics.' -- Roger Middleton, Journal of the History of Economic ThoughtTable of ContentsContents: Preface Part I: Introduction 1. Introduction Part II: Methodology 2. History of Economic Thought as an Intellectual Discipline 3. Five Methodological Detours 4. Information and Investment in a Wider Context Part III: History of Economic Thought 5. Classical Economics: An Overview 6. Marshall’s World in His Correspondence 7. Cannan: Theory and the History of Economic Thought 8. Friedrich August von Hayek 9. Hayek: The Union of Law and Economics 10. Hayek in the History of Economic Thought 11. McCulloch and the Literature of Economics 12. Samuelson: The Theorist as Historian of Economic Thought Bibliography Index

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Book SynopsisThe literature of monetary economics has been characterised by controversy and changes in the received wisdom throughout its history. The controversies have related not merely to the effects on incomes and prices of changes in the money supply, but even to the question of whether causality runs from money to incomes and prices or vice versa. This book begins with the pioneering work of the sixteenth century French writer Jean Bodin, followed by the celebrated John Law, and John Locke (and his eighteenth century critics). It considers both the theory and the evidence involved in the controversy between the Currency and Banking schools. Closely related to this was the work of two writers, Thomas Joplin and Walter Bagehot, both of whom provided perspectives strikingly different from those of the main controversialists and, in so doing, advanced the subject of monetary economics.The book seeks, through the examination of monetary controversies, to provide an historical perspective on modern understanding of monetary policy. It will be essential reading for economists with an interest in monetary economics and the history of economic thought.Trade Review'The author shows an impressive knowledge of the history of monetary thinking, and is thus able to throw new light on old ideas, considering a huge volume of bibliographic sources that are not available in the vast majority of university libraries. The book is therefore worth reading for scholars interested in the development of monetary ideas within the realm of the quantity theory of money.' -- Sergio Rossi, History of Economic Ideas'This is a splendid collection of pieces that all with an interest in monetary economics and history will want to have.' -- Forrest Capie, Economic History Review'Any scholar interested in the Currency School/Banking School debate or in the emergence of the concept of a lender of last resort will need, and want, to read this material. . . O'Brien's blend of careful reading, historical context, representation by formal models, and cliometrics is skilful and lucid. These essays are of lasting value. . .' -- Robert W. Dimand, EH.Net'As O'Brien says, fashions in monetary economics move in cycles, and right now the idea that the quantity of money is an all important influence on inflation, and on much else as well, is none too popular. These always thoughtful and often original studies of the development of economists' ideas about money and monetary policy from the late 16th to the late 19th century do much to restore intellectual balance to the latest phase of an age-old debate, and deserve to stand alongside the classic contributions of Jacob Viner and Frank Fetter.' -- David Laidler, University of Western Ontario, CanadaTable of ContentsContents: Preface Part I: Introduction 1. Introduction Part II: Early Monetary Debates 2. Bodin’s Analysis of Inflation 3. John Law: Money and Trade Considered 4. The Rate of Interest: Locke and His Critics Part III: 19th Century British Controversies 5. The Currency and Banking Controversy 6. Monetary Base Control 7. The Lender of Last Resort Concept Part IV: Macroeconomic Models 8. Bagehot and Stabilisation 9. Joplin’s Model: A Formal Statement 10. Stability With an Inbuilt Cycle Bibliography Index

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Book SynopsisTaking an historical perspective, this unique book highlights the evolution of the many diverse forms of business enterprise, and discusses the contribution of these different types of firm to the economic growth of Italy.One important issue that has recently captured the attention and the research efforts of both economists and economic historians has been the debate on varieties of capitalism in the modern world. In this context, the expert contributors analyze the various stages of Italian development that have been characterized by diverse dominating forms of enterprise which, in turn, have adapted to the nature of technological and market opportunities at the institutional, national and international level. This book proposes a new interpretation of the ?Italian case? that utilizes both the structural and macroeconomic perspective of comparative history, as well as the microeconomic perspectives focusing on the strategies of different economic agents.Based on solid quantitative evidence, this original work will prove to be a valuable resource for academics and students of strategy and organization, economic historians and applied economists.Trade Review. . . the book invites the reader to consider the interaction of the different forms of enterprise with local and national institutional changes, coupled with the opportunities offered by international trade, in order to understand the conditions that allowed (but sometimes prevented) the country to gain from the different processes of technological advancements developed during the twentieth century. The very rich variety of subjects discussed and the widespread use of qualitative information to corroborate the analyses, offer a unique opportunity to look at the evolution of the Italian economy from many different views, and, cross-checking and referencing the different essays, to draw stronger and broader conclusions out of the information contained in each of them. . . this book is greatly rewarding reading for anyone interested in deepening knowledge of the rise and the ongoing transformation of Italian capitalism.' -- Federico Barbiellini Amidei, EH.NET'This book provides a wide-ranging analysis of change in size and nature of Italian firms, and thus a unique and fascinating perspective on the evolution of one of the major industrial economies of the 20th century. An example of business history as it ought to be done.' -- Giovanni Federico, European University Institute, Italy'This book is necessary reading for a real understanding of the evolution of Italian capitalism during the last century. It moves away from a simplified view of the Italian industrial structure as just composed by small enterprises and successfully sheds light on the variety of different forms of enterprises the compose Italian system. The lively picture that emerges from this book is the one of richer types of enterprises, which have evolved over time and have contributed in different ways to Italian economic growth.' -- Franco Malerba, Bocconi University, ItalyTable of ContentsContents: Foreword Franco Amatori 1. Introduction: Forms of Enterprise in 20th Century Italy Andrea Colli and Michelangelo Vasta PART I: BIG BUSINESS: CATCHING THE TECHNOLOGICAL FRONTIER 2. Big Business (1913–2001) Renato Giannetti and Michelangelo Vasta 3. State-owned Enterprises (1936–83) Pier Angelo Toninelli and Michelangelo Vasta 4. Foreign Enterprises (1913–72) Andrea Colli 5. Big Business and Italian Industrial Policies After World War II Francesca Fauri 6. Financing the Largest Manufacturing Firms: Ownership, Equity, and Debt (1936–2001) Leandro Conte and Giandomenico Piluso PART II: THE POWER OF LOCALISM: EXPLOITING WINDOWS OF OPPORTUNITY 7. Small Firms and Local Production Systems (1900–1960) Mario Perugini and Valentina Romei 8. Public Utilities in the 20th Century Simone Fari and Andrea Giuntini 9. Industrial Policy and Artisan Firms (1930s–1970s) Giuseppe Maria Longoni and Alberto Rinaldi PART III: IN SEARCH OF AN IDENTITY: STRUGGLING WITH THE CONTEXT 10. ‘Leaping Frogs’ in the Demography of Manufacturing Firms (1911–71) Lucia Castellucci and Renato Giannetti 11. The Medium-sized Manufacturing Enterprise (1927–81) Fabio Lavista PART IV: COOPERATION: The IMPORTANCE OF NETWORKING 12. Co-operatives (1951–2001) Patrizia Battilani and Vera Zamagni References Index

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Book Synopsis'Herrmann-Pillath's work attempts to bring to bear upon the discipline of economics perspectives from other discourses which have been burgeoning recently -- namely, thermodynamics, evolutionary biology, and semiotics, aiming at a consilience contextualized by economic activity and problems. This marks the work as a contemporary example of natural philosophy, which is now at the doorstep of a revival. The overall perspective is that human economic activity is an aspect of the ecology of the earth s surface, viewing it as an evolving physical system mediated through distributed mentality as expressed in technology evolution. Knowledge is taken to be ''physical'' with a performative function, as in Peirce's pragmaticism. Thus, the social meanings of expectations, prices and credit are found to be rooted in energy flows. The work draws its foundation from Hegel and C.S. Peirce and its immediate guidance from Hayek, Veblen and Georgescu-Roegen. The author generates an energetic theory of economic growth, guided by Odum's maximum power principle. Economic discourse itself is reworked in the final chapter, in light of the examinations of the previous chapters, naturalizing economics within an extremely powerful contemporary framework.'- Stanley N. Salthe, Binghamton University, SUNYTrade Review'This book is an ambitious intellectual enterprise to build a naturalistic foundation for economics, with amazingly vast knowledge of physical, biological, social sciences and philosophy. Readers will discover that approaches and insights emergent in institutional studies, (social)-neuroscience, network theory, ecological economics, bio-culture dualistic evolution, etc. are persuasively placed in a grand unified frame. It is written in a good Hayekian tradition. I recommend this book particularly to young readers who aspire to go beyond a narrowly specified discipline in the age of expanding communicability of knowledge and ideas.' --Masahiko Aoki, Stanford University'Carsten Herrmann-Pillath's new book is an in-depth application of natural philosophy to economics that draws up an entirely new framework for economic analysis. It offers path-breaking insights on the interactions between human economic activity and nature and outlines a convincing solution to the long-standing reductionism controversy. A must-read for everyone interested in the philosophical underpinnings of economics as a science.' --Ulrich Witt, Max Planck Institute of Economics, Jena, Germany'''Big picture'' philosophy of economics drifted into a dull cul-de-sac as it became obsessively focused on falsifiability and rationality. In this book Carsten Herrmann-Pilath pushes the field back onto the open highway by locating economics in the larger frameworks of metaphysics, evolutionary dynamics and information theory. This is large-scale, ambitious synthesis of ideas of the kind we expect from time to time to see devoted to physics and biology. Why should economics merit anything less? But of course this kind of intellectual tapestry must await the appearance of an unusually devoted scholar with special patience and eccentric independence from the pressure for quick returns that characterizes academic life. In the person of Hermann-Pilath this scholar has appeared. No one who wants to examine economics whole and in its richest context should miss his virtuoso performance in this book.' --Don Ross, University of Cape Town, South Africa and Georgia State UniversityTable of ContentsContents: Preface 1. Ontology 2. Causation 3. Evolution 4. Individuals 5. Networks 6. Institutions 7. Technology 8. Markets References Index

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Book Synopsis`In Alfred Marshall's theory of the human mind, the development of knowledge is conditioned, though not determined, by the context in which it occurs; by a natural extension, so is the interpretation, response to and use of knowledge. That is the organising principle of this book, and no one is better equipped to apply it than the team which produced The Elgar Companion to Alfred Marshall. What we can learn from these studies has wide application in economics - and beyond.'---Brian Loasby, University of Stirling, UK`The team responsible for producing the exemplary Elgar Companion to Alfred Marshall in 2006 has now assembled this complementary volume which contains an equally authoritative collection of studies dealing with the fortuna or intellectual and cultural impact of Marshallian economics in Britain, Europe, North America, Australasia, and Asia. Together the books make an invaluable contribution to the reassessment of Marshall's reputation and the diffusion of his economic ideas.'---Donald Winch, University of Sussex, UKThis is a unique and detailed book which surveys the diffusion and reception of Alfred Marshall's ideas and the ways they have influenced the development of economic science up to the present day.This is an accessible and extremely readable work offering an interesting perspective on the national traditions of economic thought, in both English and non-English speaking countries, as well as on the work of leading economists. As this work demonstrates, the variety of responses elicited by Alfred Marshall's thought testifies to its richness as well as to the plurality of conceptions of the role and tasks of economics in different times and places. This book complements the authors' previous work The Elgar Companion to Alfred Marshall.The Impact of Alfred Marshall's Ideas will appeal to researchers and academics at all levels of economics and especially the history of economic thought.Trade Review‘The book . . . offer's a "systematic country-by-country study of the impact of Marshall's ideas over the course of the last century." . . . while the volume contributes to the field of the history of economic thought, it also provides the reader with strong and valuable insights in the fields of intellectual and academic history. Overall, this book is a great supplement to post-Marshallian studies.’ -- Lisa Arena, Journal of the History of Economic Thought‘. . . this book is a worthy companion to the Elgar Companion to Alfred Marshall, although each chapter might very well be expanded into something more grand and fitting as tribute to the influence of Alfred Marshall.’ -- C.R. McCann Jr., History of Economic Ideas‘In Alfred Marshall’s theory of the human mind, the development of knowledge is conditioned, though not determined, by the context in which it occurs; by a natural extension, so is the interpretation, response to and use of knowledge. That is the organising principle of this book, and no one is better equipped to apply it than the team which produced The Elgar Companion to Alfred Marshall. What we can learn from these studies has wide application in economics - and beyond.’ -- Brian Loasby, University of Stirling, UK‘The team responsible for producing the exemplary Elgar Companion to Alfred Marshall in 2006 has now assembled this complementary volume which contains an equally authoritative collection of studies dealing with the fortuna or intellectual and cultural impact of Marshallian economics in Britain, Europe, North America, Australasia, and Asia. Together the books make an invaluable contribution to the reassessment of Marshall’s reputation and the diffusion of his economic ideas.’ -- Donald Winch, University of Sussex, UKTable of ContentsContents: Introduction PART I: ‘CONVENTIONAL’ AND ‘NEW’ VIEWS OF ALFRED MARSHALL 1. Alfred Marshall’s Place in the History of Economic Thought: The ‘Conventional’ Interpretation Anthony Brewer 2. Recent Marshallian Scholarship: An Overview Peter D. Groenewegen PART II: THE HOME RECEPTION 3. Marshall at Cambridge Carlo Cristiano 4. Marshall and Marshallian Economics in Britain Keith Tribe PART III: MARSHALL IN ENGLISH-SPEAKING COUNTRIES 5. Marshall in Canada Robert W. Dimand and Robin Neill 6. The Reception of Marshall in the United States Roger E. Backhouse, Bradley W. Bateman and Steven G. Medema 7. Marshall and Australia Peter D. Groenewegen 8. Marshallian Economics in New Zealand, c. 1890–1940 Anthony M. Endres PART IV: MARSHALL IN CONTINENTAL EUROPE 9. Marshall’s Influence on Swedish Economic Thought Bo Sandelin 10. Marshall in Norway Tore Jørgen Hanisch and Arild Sæther 11. Marshall in Poland Michal Brzezinski 12. Marshall in Russia Irina Eliseeva 13. Marshall in German-speaking Countries Volker Caspari 14. Alfred Marshall and Economic Theory in Holland Arnold Heertje 15. Marshall in Belgium Guido Erreygers 16. Marshall in France Michel Quéré 17. Marshall in Italy Mauro Gallegati and Riccardo Faucci 18. Marshall in Spain, 1890–1950 Lluis Argemí 19. Marshallian Industrial Districts in Portugal: A Conceptual Solution for Empirical Analyses’ Pressures José Reis PART V: MARSHALL IN ASIAN COUNTRIES 20. Influence of Alfred Marshall on Indian Economic Thought Nita Mitra 21. Alfred Marshall’s Ideas in China Paul B. Trescott 22. Marshall in Japan Mikio Nishioka PART VI: MARSHALL IN THE VIEWS OF SOME ‘ITINERANT’ ECONOMISTS 23. Pareto’s ‘Third Way’ between Marshall and Walras Marco Dardi and Alberto Zanni 24. Schumpeter on Marshall Harald Hagemann 25. Nicholas Georgescu-Roegen and the Mecca of the Economist Andrea Maneschi Index

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