Economic theory and philosophy Books
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Ökonometrie: Eine Einführung
Book SynopsisDieses Lehrbuch bietet eine praxisorientierte Einführung in die Methoden der Ökonometrie. Angesichts der zunehmenden Bedeutung der empirischen Analyse in Wissenschaft und Praxis will das Buch die Ökonometrie aus ihrer formal-mathematischen Ecke herausholen und einem breiteren Interessentenkreis zugänglich machen. In der Konzeption des Lehrbuches erhielt deshalb didaktisches Profil grundsätzlich Vorrang vor wissenschaftlicher Eleganz. Unterstützt durch zahlreiche Illustrationen, ausführliche verbale Erläuterungen und begleitende numerische Beispiele werden sowohl die ökonometrischen Grundlagen als auch anspruchsvollere Themenbereiche in gut verständlicher Art und Weise aufbereitet. Das Lehrbuch kommt ohne den Einsatz von Matrixalgebra aus. Ambitionierte Leser finden jedoch in den jeweiligen Kapitelanhängen ausführliche matrixalgebraische Darstellungen des behandelten Materials.Die 8. Auflage wurde vollständig überprüft und bearbeitet und ist erstmals auch als eBook erhältlich. Ein begleitendes Arbeitsbuch versetzt die Leser in die Lage, die im Lehrbuch erlernten ökonometrischen Methoden in empirischen Beispielen eigenständig am Computer anzuwenden.Um das eigenständige Nachrechnen der Beispiele zu erleichtern, können die Daten direkt von der Lehrbuch-Homepage https://www.oekonometrie-lernen.de kostenfrei heruntergeladen werden. Zusätzlich werden dort für die numerischen Beispiele des Lehrbuches die entsprechenden Befehlszeilen der kostenlosen Ökonometrie-Software R bereitgestellt.Table of ContentsEinfaches lineares Regressionsmodell.- Multiples lineares Regressionsmodell.- Verletzungen der grundlegenden Regressionsannahmen: Konsequenzen, Diagnose und Lösungsansätze.- Weiterführende Themenbereiche: dynamische Modelle und interdependente Gleichungssysteme.
£31.34
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Übungsbuch Empirische Wirtschaftsforschung und Ökonometrie
Book SynopsisDieses Übungsbuch ergänzt das Lehrbuch „Empirische Wirtschaftsforschung und Ökonometrie“ und richtet sich an Studierende und Lehrende der Wirtschaftswissenschaften sowie benachbarter Fächer. Es bietet die Möglichkeit, durch das Lösen von Aufgaben unterschiedlicher Typen Kompetenzen zu wichtigen Methoden der angewandten Wirtschaftsforschung und Ökonometrie zu vertiefen. Das Buch bietet Übungsaufgaben zu den Bereichen Daten (Grundlage und Aufbereitung), Wirtschaftsindikatoren, Input-Output-Analyse, ökonometrische Verfahren, Trend- und Saisonbereinigung sowie Simulation und Prognose. Dabei werden Aufgaben sowohl zu formalen Grundlagen als auch zur Anwendung von Methoden und zur Interpretation der erzielten Ergebnisse eingesetzt. In weiteren Aufgaben werden konkrete Anwendungen aus der Literatur aufgegriffen. Die Mischung aus eher elementaren Fragen, illustrierenden Anwendungen und Beispielen zu praxisrelevanten Themen machen das Übungsbuch besonders anschaulich und interessant. Die zweite Auflage wurde um weitere ausgewählte Aufgaben und um Musterlösungen zu fast allen Aufgaben ergänzt. Table of ContentsMultiple-Choice-Aufgaben.- Übungs- und Klausuraufgaben.- Textbezogene Aufgaben.- Musterlösungen.
£19.99
Books on Demand Smith in 60 Minutes: Great Thinkers in 60 Minutes
Book Synopsis
£14.04
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Aufgabensammlung zur statistischen Methodenlehre
Book SynopsisIn die 4. Auflage dieser Aufgabensammlung wurde eine in Aufgaben-Form gebrachte empirische Untersuchung über das Lotto 6 aus 49 aufgenommen, die auf der Auswertung von 1264 Lotto-Ausspielungen aus 25 Jahren beruht. Das Ergebnis lautet: Auch aus Sicht der Mathematischen Statistik gibt es rationale Tipp-Strategien. Sie lassen sich darauf gründen, daß die realen Lottospieler-Kollektive einem stark ausgeprägten Konsensverhalten folgen, das rationales individuelles Verhalten in der Form eines speziellen Gegen-den-Strom-Schwimmens ermöglicht. Allein die systematische Berücksichtigung einer einzigen kollektiv stark vernachlässigten Lottozahl - solche Zahlen werden als "Antikonsenszahlen" bezeichnet - hätte in den untersuchten Ausspielungen die mathematische Gewinn-Erwartung um ca. 30% erhöht gegenüber dem "Normal"-Wert von 50% des Einsatzes. Danach erscheint es hoch plausibel, daß Spieler, die ihre Tippreihen ausschließlich aus solchen "Antikonsenszahlen" bilden, sogar eine mathematische Gewinn-Erwartung erzielen können, die den Einsatz übersteigt. Ein Bereich solcher "Antikonsenszahlen" wird mit Hilfe eines statistischen Schätzverfahrens explizit bestimmt. Die praktische Nutzanwendung solcher Ergebnisse steht allerdings unter dem Vorbehalt, daß sich das kollektive Spielverhalten nicht signifikant ändert, z.B. weil es durch Informationen - wie die hier vorgelegten - gestört wird.Table of ContentsAufgabensammlung zur statistischen Methodenlehre und Wahrscheinlichkeitsrechnung.
£38.24
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Nichtparametrische Analyse und Prognose von
Book SynopsisTable of Contents1 Einleitung.- I Motivation, Asymptotik und Modifikationen von Kern- und Nearest-Neighbour-Schätzern.- 2 Von der nichtparametrischen Dichteschätzung zur nichtparametrischen Zeitreihenanalyse und Prognose.- 2.1 Nichtparametrische Dichteschätzung.- 2.2 Nichtparametrische Regression.- 2.3 Nichtparametrische Zeitreihenanalyse und Prognose.- 3 Asymptotische Eigenschaften von Kern- und Nearest-Neighbour-Schätzern.- 3.1 Modellannahmen zur Herleitung asymptotischer Eigenschaften.- 3.2 Asymptotische Eigenschaften bei unabhängigen Beobachtungen.- 3.3 Asymptotische Eigenschaften bei abhängigen Beobachtungen.- 4 Ein Lösungsansatz zum Problem der Dimensionalität.- 4.1 Prognose auf der Basis ähnlicher aber möglicherweise entfernter Verlaufsmuster.- 4.2 Verringerung des Einflusses allzu ferner Verlaufsmuster.- 5 Biasreduktion durch asymmetrische Kerne.- 5.1 Der Fall p=1.- 5.2 Übertragung auf höhere Dimensionen.- 6 Biasreduzierende und varianzreduzierende Mischungen von Kern- und NN-Schätzern.- 7 Robuste Kern- und NN-Schätzer.- 7.1 M-Schätzer.- 7.2 L-Schätzer.- 7.3 R-Schätzer.- 7.4 Weitere Verfahren der robusten Kern- und Nearest-Neighbour-Schätzung.- 8 Weitere Modifikationen und einige Bemerkungen zur Wahl der Glättungsparameter.- 8.1 Additive nichtparametrische Modelle.- 8.2 Twicing.- 8.3 Jackknifing von Kern- und Nearest- Neighbour-Schätzern.- 8.4 Polynomiale nichtparametrische Regression.- 8.5 Semiparametrische Zeitreihenmodelle.- 8.6 Einige Bemerkungen zur Wahl der Bandweite und der Anzahl der nächsten Nachbarn.- II Einige empirische Studien.- 9 Nichtparametrische Modellierung der Wasserführung der Ruhr.- 9.1 Die Daten.- 9.2 Prediktogramme.- 9.3 Kern- und NN-Schätzer.- 9.4 Modifizierte Kern- und NN-Schätzer.- 10 Nichtparametrische Modellierung der Leitfähigkeit eines niedersächsischen Flusses.- 10.1 Die Daten.- 10.2 Prognoseeigenschaften gewöhnlicher NN-Schätzer.- 10.3 Verwendung asymmetrischer Kernfunktionen.- 10.4 Einbeziehen ähnlicher aber möglicherweise entfernter Verläufe.- 11 Nichtparametrische Modellierung der Luftbelastung durch Schwefeldioxid und Stickstoffdioxid.- 11.1 Allgemeines.- 11.2 Die Daten.- 11.3 Prognosen.- 12 Abschließende Bemerkungen.- Abbildungsverzeichnis.- Tabellenverzeichnis.
£44.99
Schwabe Verlag Basel Im Anfang War Die Tat
£31.50
Nomos Verlagsgesellschaft Ethische Entscheidungsfindung: Ein Handbuch Fur
Book Synopsis
£31.50
Duncker & Humblot Entscheidungs- Und Spieltheorie: Eine
Book Synopsis
£26.91
Duncker & Humblot GmbH Kompendium Zur Volkswirtschaftslehre
Book Synopsis
£63.92
Duncker & Humblot GmbH Illusionen der Nationalökonomik
Book Synopsis
£29.92
Springer Reasoning about Preference Dynamics
Book SynopsisOur preferences determine how we act and think, but exactly what the mechanics are and how they work is a central cause of concern in many disciplines. This book uses techniques from modern logics of information flow and action to develop a unified new theory of what preference is and how it changes. The theory emphasizes reasons for preference, as well as its entanglement with our beliefs. Moreover, the book provides dynamic logical systems which describe the explicit triggers driving preference change, including new information, suggestions, and commands. In sum, the book creates new bridges between many fields, from philosophy and computer science to economics, linguistics, and psychology. For the experienced scholar access to a large body of recent literature is provided and the novice gets a thorough introduction to the action and techniques of dynamic logic.Trade Review"This is an excellent book. It offers a clear and concise overview of dynamic preference logic and logics that can reason about both beliefs and preferences. Fenrong has managed to provide an accessible and comprehensive overview of recent work in this area, including very interesting connections with deontic logic and game theory. I highly recommend this book for anyone interested in using logical models to reason about rational agents." Eric Pacuit, Tilburg Center for Logic and Philosophy of Science, The Netherlands"Reasoning about Preference Dynamics is an innovative and unusually well-written account of human preferences and how they change. It is a must for anyone interested in the dynamics of preferences." Sven Ove Hansson, KTH Royal Institute of Technology, Sweden"This nice book presents a survey of preference logics and preference dynamics, very much state-of-the-art, and Fenrong Liu is extremely well-informed about the relevant literature. She has a remarkable talent on how to restrict herself to the essentials, in order to convey the message and produce something very readable." Hans van Ditmarsch, University of Sevilla, SpainTable of ContentsPreface.- Part I Introduction.- 1. Introduction.- Part II Dynamics of Information.- 2. Dynamic Epistemic Logic.- Part III Preference over Worlds.- 3. Preference over Worlds: Static Logic.- 4. Preference over Worlds: Dynamic Logic.- 5. Entanglement of Preference, Knowledge and Belief.- 6. Intermezzo: A Quantitative Approach.- Part IV Preference from Priorities.- 7. Preference from Priorities: Static Logic.- 8. Belief-based Preference.- 9. Preference from Priorities: Dynamic Logic.- Part V A Two-Level Perspective on Preference.- 10. A Two-Level Perspective on Preference.- Part VI Applications and Discussions.- 11. Deontic Reasoning.- 12. Games and Actions.- Part VII Finale.- 13. Conclusion.- References.- Index.
£80.99
Palgrave Macmillan Moral Discourses of the Economy in EighteenthCentury Britain
Book Synopsis1. Introduction.- 2. Private Vices, Pubic Benefits.- 3. Industry and Idleness.- 4. Consumption and Luxury.- 5. “Projects,” Monopoly, and “Nabobing”.- 6. Slavery, Property, and Justice.- 7. Epilogue.
£999.99
Oxford University Press Addressing Tipping Points for a Precarious Future
Book SynopsisThis is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at British Academy Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Tipping points are zones or thresholds of profound changes in natural or social conditions with very considerable and largely unforecastable consequences. Tipping points may be dangerous for societies and economies, especially if the prevailing governing arrangements are not designed either to anticipate them or adapt to their arrival. Tipping points can also be transformational of cultures and behaviours so that societies can learn to adapt and to alter their outlooks and mores in favour of accommodating to more sustainable ways of living.This volume examines scientific, economic and social analyses of tipping points, and the spiritual and creative approaches to identifying and anticipating them. The authors focus on climate change, ice melt, tropical fTable of Contents1. Tipping points and critical thresholds: metaphors and systemic change ; 2. Earth system tipping points ; 3. The culture dimensions: editorial introduction ; 4. Food security, biodiversity and degradation: editorial introduction ; 5. The Spiritual Dimensions: editorial introduction ; 6. Politics, the markets and business: editorial introduction ; 7. Communicating tipping points and resilience: editorial introduction ; 8. A precarious future
£28.49
The University of Chicago Press CostBenefit Analysis Economic Philosophical and
Book SynopsisCost-benefit analysis is a widely used governmental evaluation tool, though academics remain skeptical. This volume gathers prominent contributors for discussion of cost-benefit analysis, specifically its moral foundations, applications and limitations.
£17.50
The University of Chicago Press Betting on Ideas Wars Invention Inflation
Book SynopsisIn this book, Reuven Brenner argues that people bet on new ideas and are more willing to take risks when they have been outdone by their fellows on local, national, or international scales. Such bets mean that people deviate from the beaten path and either gamble, commit crimes, or come up with new ideas in art, business, or politics, and ideas concerning war and peace in particular. By using evidence on gambling, crime, and creativity now and during the Industrial Revolution, by examining innovations in English and French inheritance laws and the emergence of welfare legislation, and by looking at what has happened before and after wars, Brenner reaches the conclusion that hope and fear, envy and vanity, sentiments provoked when being leapfrogged, make humans race.
£30.00
The University of Chicago Press LongTerm Factors in American Economic Growth
Book SynopsisThese classic studies of the history of economic change in 19th- and 20th-century United States, Canada, and British West Indies examine national product; capital stock and wealth; and fertility, health, and mortality. A 'must have' in the library of the serious economic historian.-Samuel Bostaph, Southern Economic Journal
£66.50
The University of Chicago Press The Political Origins of Inequality Why a More
Book SynopsisIn this historical tour de force, Simon Reid-Henry rewrites the usual story of globalization and development as a story of the management of inequality. Reaching back to the eighteenth century and around the globe, Reid-Henry foregrounds the political turning points and decisions behind the making of today's uneven societies.Trade Review"The Political Origins of Inequality makes the bold claim that popular thinking on global development is profoundly and fundamentally flawed because many of the economists who have written many of the best sellers have often been shortsighted. This is an important book about big issues, dismissive of facile solutions, it should change the terms of the debate on why the gaps between us are so wide and what we could do about them."-Danny Dorling, author of Injustice: Why Social Inequality Still Persists; "An important reminder that the historical origins of today's crushing burden of global and national inequality are political, and so too must be the solutions."-Duncan Green, head of research, Oxfam GB
£24.00
The University of Chicago Press Beyond Economic Man
Book SynopsisAn examination of the central tenets of economics from a feminist point of view. The authors suggest that the discipline of economics could be improved by freeing itself from masculine biases, and raise questions about the discipline's objective nature.Table of ContentsIntroduction: The Social Construction of Economics and the Social Construction of Gender , Marianne A. Ferber and Julie A. Nelson 1 The Study of Choice or the Study of Provisioning? Gender and the Definition of Economics , Julie A. Nelson 2 The Separative Self: Androcentric Bias in Neoclassical Assumptions , Paula England 3 Not a Free Market: The Rhetoric of Disciplinary Authority in Economics , Diana Strassmann 4 Some Consequences of a Conjective Economics , Donald N. McCloskey 5 Socialism, Feminist and Scientific , Nancy Folbre 6 Public or Private? Institutional Economics and Feminism , Ann L. Jennings 7 Discussion and Challenges , Rebecca M. Blank, Rhonda M. Williams, Robert M. Solow, Helen E. Longino
£28.00
The University of Chicago Press The Theory of Linear Economic Models
Book SynopsisIn the past few decades, methods of linear algebra have become central to economic analysis, replacing older tools such as the calculus. David Gale has provided the first complete and lucid treatment of important topics in mathematical economics which can be analyzed by linear models. This self-contained work requires few mathematical prerequisites and provides all necessary groundwork in the first few chapters. After introducing basic geometric concepts of vectors and vector spaces, Gale proceeds to give the main theorems on linear inequalitiestheorems underpinning the theory of games, linear programming, and the Neumann model of growth. He then explores such subjects as linear programming; the theory of two-person games; static and dynamic theories of linear exchange models, including problems of equilibrium prices and dynamic stability; and methods of play, optimal strategies, and solutions of matrix games. This book should prove an invaluable reference source and text for mathemati
£30.00
The University of Chicago Press Everything for Sale The Virtues and Limits of
Book SynopsisThis text disputes the laissez-faire direction of both economic theory and practice that has gained prominence since the mid-1970s. Dissenting voices, the author argues, have been drowned out by a sea of circular arguments and complex mathematical models that ignore real-world conditions.
£18.00
The University of Chicago Press Birth Quake The Baby Boom Its Aftershocks The
Book SynopsisBetween 1965 and 1985 the Western world - and the US in particular - experienced a staggering amount of social and economic change. In "Birth quake" Macunovich argues that the common thread underlying these changes was the post-war baby boom, and their passage into adulthood.Trade Review"A brilliant, lucid analysis of the multiple effects of the post-World War II baby boom....Indeed, in Macunovich's capable hands, it is clear that the baby boom was among the most powerful and complex forces shaping the economic history of the United States in the late 20th century." - Michael Edelstein, Queens College and the Graduate Center, Cuny
£47.50
The University of Chicago Press Finance in America
Book Synopsis
£30.40
The University of Chicago Press Concentrated Corporate Ownership
Book SynopsisStandard economic models assume that many small investors own firms. This is so in most large US firms, but individuals or families generally hold controlling blocks in smaller US firms and in most other countries. This work examines the economic and legal issues of concentrated ownership.
£83.60
The University of Chicago Press Parental Priorities and Economic Inequality
Book SynopsisArguing that parental actions are important sources of wealth inequality, this book examines the transmission of economic status from one generation to another by constructing a model of parental preferences. It offers evidence on the intergenerational transfer of consumption, earnings and wealth.
£38.00
The University of Chicago Press Justice Is an Option
Book SynopsisTrade Review"Thought-provoking. . . . Recommended." * Choice *“In Justice Is an Option, Meister engages in a brilliant analysis of contemporary financial markets and devices, and provides a further development of his theory of ‘historical justice.’ The result is an impressive and compelling book that makes a powerful contribution both to political theory and to the critical analysis of contemporary capitalism. It will unquestionably be of interest to scholars of finance and political theory, and it is sure to spur lively debates within activist circles and beyond the academic world.” * Sandro Mezzadra, University of Bologna *“This book is an amazing piece of theory and critique—highly original, comprehensively knowledgeable, and politically powerful. Meister’s latest work is exciting, to say the least, and it promises to lead to important breakthroughs in the current discussion about alternatives to capitalism.” * Étienne Balibar, Columbia University *
£87.40
The University of Chicago Press Justice Is an Option A Democratic Theory of
Book SynopsisMore than ten years after the worst crisis since the Great Depression, the financial sector is thriving. But something is deeply wrong. Taxpayers bore the burden of bailing out too-big-to-fail banks but got nothing in return. Inequality has soared, and a populist backlash against elites has shaken the foundations of our political order. Meanwhile, financial capitalism seems more entrenched than ever. What is the Left to do? Justice Is an Option uses those problems, and the framework of finance that created them, to reimagine historical justice. Robert Meister returns to the spirit of Marx to diagnose our current age of finance. Instead of closing our eyes to the political economic realities of our era, we need to grapple with them head on. Meister does just that, asking whether the very tools of finance that have created our vastly unequal world could instead be made to serve justice and equality. Meister formulates here nothing less than a democratic financial theory for the twenty-fiTrade Review"Thought-provoking. . . . Recommended." * Choice *“In Justice Is an Option, Meister engages in a brilliant analysis of contemporary financial markets and devices, and provides a further development of his theory of ‘historical justice.’ The result is an impressive and compelling book that makes a powerful contribution both to political theory and to the critical analysis of contemporary capitalism. It will unquestionably be of interest to scholars of finance and political theory, and it is sure to spur lively debates within activist circles and beyond the academic world.” * Sandro Mezzadra, University of Bologna *“This book is an amazing piece of theory and critique—highly original, comprehensively knowledgeable, and politically powerful. Meister’s latest work is exciting, to say the least, and it promises to lead to important breakthroughs in the current discussion about alternatives to capitalism.” * Étienne Balibar, Columbia University *
£26.00
The University of Chicago Press The Natural Origins of Economics
Book SynopsisTraces the emergence and transformation of economics in the eighteenth and nineteenth centuries from a natural to a social science. Focusing on the works of several economists, this book examines their conceptual debt to natural science and thus locates the evolution of economic ideas within the history of science.Trade Review"Margaret Schabas's fascinating book... charts the progress of this transformation, beginning not with Bacon and Descartes but with the origins of formal economics in the moral philosophy of the French Enlightenment.... A wide-ranging and challenging book that can be read profitably both by economists and a wider spectrum of readers interested in the history of science." - Times Literary Supplement"
£28.00
The University of Chicago Press Bettering Humanomics
Book SynopsisDeirdre Nansen McCloskey's latest meticulous work examines how economics can become a more human science. Economic historian Deirdre Nansen McCloskey has distinguished herself through her writing on the Great Enrichment and the betterment of the poornot just materially but spiritually. In Bettering Humanomics she continues her intellectually playful yet rigorous analysis with a focus on humans rather than the institutions. Going against the grain of contemporary neo-institutional and behavioral economics which privilege observation over understanding, she asserts her vision of humanomics, which draws on the work of Bart Wilson, Vernon Smith, and most prominently, Adam Smith. She argues for an economics that uses a comprehensive understanding of human action beyond behaviorism. McCloskey clearly articulates her points of contention with believers in imperfections, from Samuelson to Stiglitz, claiming that they have neglected scientific analysis in their haste to diagnose the ills of the system. In an engaging and erudite manner, she reaffirms the global successes of market-tested betterment and calls for empirical investigation that advances from material incentives to an awareness of the human within historical and ethical frameworks. Bettering Humanomics offers a critique of contemporary economics and a proposal for an economics as a better human science.Trade ReviewDeirdre Nansen McCloskey latest meticulous work examines how economics can become a more "human" science"Can we have economic thought that focuses on people and tries to understand rather than merely observe? Rejecting contemporary trends, McCloskey paves the way to an economics dedicated to the betterment of human lives." * The Bookseller *“There is no doubting the extraordinary breadth and depth of [McCloskey’s] knowledge... A critique by someone who knows what she’s talking about.” * The Enlightened Economist *“This book presents a series of arguments for improving academic enquiry through the lens of 'humanomics.' For economists, or other academics, who haven’t come across humanomics before, it is in essence a combination of the rigorous tools of economics with more human elements such as the critical perspectives that are often found in the humanities. Pioneers of this approach include 'the father of economics,' Adam Smith, Nobel prizewinner Vernon Smith and experimental economist Bart Wilson. . . McCloskey presents compelling arguments that economic agents are not merely attempting to maximise their utility, but are influenced by other factors such as the power of words.” * Times Higher Education *Best Summer Books of 2021 "What economics needs to fulfil its unparalleled potential as the premier science of human progress, [McCloskey] insists, is the rediscovery of its origins as the discipline that successfully marries the methods of the sciences and the humanities. In Bettering Humanomics, a sparkling cameo of a book, she offers a summary of this, her life-long project. The result is a richly allusive account of what such a combination — 'humanomics', as she calls it — looks like, and why it offers a better guide to understanding where prosperity ultimately comes from and what policymakers can do to help it on its way." * Financial Times *“This new book quite seriously advances the continuing conversation in humanomics. It discovers Adam Smith and resumes a path that McCloskey has so magnificently helped to reinvigorate in the last half century.” -- Vernon Smith, Chapman University and 2002 Nobel Laureate in Economics“How is economic science going to progress? By embracing ethics, the humanities, and language as part of the tool kit alongside mathematics—and recognizing that economists should never try to be social engineers because they are part of the societies they study. McCloskey makes a compelling case for economics for humans—and offers some hope that the discipline is tilting in that direction.” -- Diane Coyle, University of Cambridge"Provocative, bold, ironic, erudite, and above all, well-written." * Metascience *Table of ContentsPreface Part I. The Proposal Chapter 1. Humanomics and Liberty Promise Better Economic Science Chapter 2. Adam Smith Practiced Humanomics, and So Should We Chapter 3. Economic History Illustrates the Problems with Nonhumanomics Chapter 4. An Economic Science Needs the Humanities Chapter 5. It’s Merely a Matter of Common Sense and Intellectual Free Trade Chapter 6. After All, Sweet Talk Rules a Free Economy Chapter 7. Therefore We Should Walk on Both Feet, Like Ludwig Lachmann Chapter 8. That Is, Economics Needs Theories of Human Minds beyond Behaviorism Part II. The Killer App Chapter 9. The Killer App of Humanomics Is the Evidence That the Great Enrichment Came from Ethics and Rhetoric Chapter 10. The Dignity of Liberalism Did It Chapter 11. Ideas, Not Incentives, Underlie It Chapter 12. Even as to Time and Location Chapter 13. The Word’s the Thing Part III. The Doubts Chapter 14. Doubts by Analytic Philosophers about the Killer App Are Not Persuasive Chapter 15. Nor by Sociologists or Political Philosophers Chapter 16. Nor Even by Economic Historians Notes Works Cited Index
£27.00
The University of Chicago Press Asset Accumulation and Economic Activity
Book SynopsisIn this work James Tobin discusses two major issues of macroeconomics: the strength of automatic market forces in maintaining full employment equilibrium and the efficacy of government fiscal and monetary policies in stabilizing the economy.
£19.00
The University of Chicago Press Better Health Economics
Book SynopsisTrade Review“At long last, a concise but comprehensive, conversational, and accessible tour of modern health economics. Better Health Economics is chock full of insights and covers an impressive range of important topics. This is how to teach health economics!" -- Amy Finkelstein | coauthor of "We've Got You Covered: Rebooting American Health Care""An accessible, readable—and often funny!—tour through health economics. Gross and Notowidigdo are master teachers." -- Emily Oster | author of "Expecting Better: Why The Conventional Pregnancy Wisdom Is Wrong–And What You Really Need To Know""Gross and Notowidigdo prove that learning about the economics of health does not have to be a painful experience. Each of the chapters is an easy-to-swallow dose of insights into this complex and important part of our economy. Who knew this stuff could be fun?" -- Richard Thaler | winner of the Nobel Prize in EconomicsTable of ContentsIntroduction Part I: Demand 1. What Does Health Insurance Do? 2. Health Insurance versus Broccoli 3. Free Care Is Not Free: Who Pays for the Uninsured? 4. Moral Hazard 5. Behavioral Economics Part II: Supply 6. How Much Should Physicians Be Paid? 7. Doctors and Hospitals Respond to Financial Incentives (Just Like Everybody Else) 8. Payment Reform 9. Horizontal Mergers 10. Vertical Integration 11. Quality 12. Drugs Part III: Other Determinants of Health 13. Contagion 14. Health Gradients 15. Social Determinants of Health Conclusion Acknowledgments Notes Index
£84.00
The University of Chicago Press Liberalisms Last Man
Book SynopsisA modern reframing of Friedrich Hayek's most famous work for the 21st century. Friedrich Hayek's The Road to Serfdom was both an intellectual milestone and a source of political division, spurring fiery debates around capitalism and its discontents. In the ensuing discord, Hayek's true message was lost: liberalism is a thing to be protected above all else, and its alternatives are perilous. In Liberalism's Last Man, Vikash Yadav revives the core of Hayek's famed work to map today's primary political anxiety: the tenuous state of liberal meritocratic capitalismparticularly in North America, Europe, and Asiain the face of strengthening political-capitalist powers like China, Vietnam, and Singapore. As open societies struggle to match the economic productivity of authoritarian-capitalist economies, the promises of a meritocracy fade; Yadav channels Hayek to articulate how liberalism's moral backbone is its greatest defense against repressive social structures.Trade Review"Yadav debuts with a vigorous reappraisal of 20th-century economist Friedrich Hayek in light of todayʼs increasing authoritarian encroachment on liberal, meritocratic, free-market societies. . . . Seamlessly intertwining political philosophy, intellectual history, and textual criticism, this is an expansive and robust defense of capitalist liberalism." * Publisher's Weekly *"Liberalism’s Last Man performs an exceptional service in recasting The Road to Serfdom in a form that modern readers may find easier to appreciate than the original work. For too long Hayek has been treated—by admirers and critics alike—as a slogan or a caricature rather than a serious thinker. It’s time for a comeback." * The Wall Street Journal *"In Liberalism’s Last Man, Vikash Yadav argues that Hayek has been mischaracterized as an extreme libertarian and market fundamentalist. Yadav points out [Hayek's] support for several progressive positions, including the state’s provision of a minimum income, the promotion of social mobility, the taxation and regulation of pollution, and antitrust laws to restrain monopolies." * The New York Review of Books *"Hayek is a complex figure. A careful analysis of his work is necessarily complex. Yadav provides clarity and understanding around this oft-misunderstood intellectual who is too important to misconstrue or misrepresent." * Law & Liberty *"Does Hayek’s critique of socialism and defense of liberalism in his 1944 book The Road to Serfdom have any relevance for the very different challenges the international order faces today? Yadav’s ambitious goal is to answer that question via a close reading of Hayek’s classic text. The result is a penetrating, insightful, sometimes provocative and always stimulating performance." -- Bruce Caldwell | coauthor of "Hayek: A Life, 1899–1950" | Duke University“Well-written, well-researched, and engrossing, the great accomplishment of Liberalism's Last Man is its engagement with modern political theory through the lens of Hayek. It’s a highly original work—and refreshing in that it takes Hayek’s critics seriously while also refraining from shortchanging Hayek for his supposed intellectual sins.” -- Peter Boettke | author of "F. A. Hayek: Economics, Political Economy and Social Philosophy"Table of ContentsPreface Introduction Chapter One The Abandoned Road Chapter Two The Great Utopia Chapter Three Individualism and Collectivism Chapter Four The “Inevitability” of Planning Chapter Five Planning and Democracy Chapter Six Planning and the Rule of Law Chapter Seven Economic Control and Totalitarianism Chapter Eight Who, Whom? Chapter Nine Security and Freedom Chapter Ten Why the Worst Get on Top Chapter Eleven The End of Truth Chapter Twelve The Socialist Roots of Nazism Chapter Thirteen The Totalitarians in Our Midst Chapter Fourteen Material Conditions and Ideal Ends Chapter Fifteen The Prospects of International Order Conclusion Acknowledgments Notes Bibliography
£30.00
The University of Chicago Press A Philosophers Economist
Book SynopsisReconsiders the centrality and legacy of Hume's economic thought and serves as an important springboard for reflections on the philosophical underpinnings of economics. Although David Hume's contributions to philosophy are firmly established, his economics has been largely overlooked. A Philosopher's Economist offers the definitive account of Hume's worldly philosophy and argues that economics was a central preoccupation of his life and work. Margaret Schabas and Carl Wennerlind show that Hume made important contributions to the science of economics, notably on money, trade, and public finance. Hume's astute understanding of human behavior provided an important foundation for his economics and proved essential to his analysis of the ethical and political dimensions of capitalism. Hume also linked his economic theory with policy recommendations and sought to influence people in power. While in favor of the modern commercial world, believing that it had and would continue to raise staTrade Review"Margaret Schabas and Carl Wennerlind’s A Philosopher’s Economist is the first book-length study in English exclusively devoted to Hume’s economic thought. . . . this book, suitably co-written by a philosopher and a historian, is a landmark achievement. It offers a wide-ranging survey of Hume’s political economy and views on commercial and financial matters in the Political Discourses, other essays, and his philosophical and historical writings, as well as his private correspondence. Hume’s writings and observations are contextualized with an eye to both intellectual and economic history. In a word, A Philosopher’s Economist is essential reading for Hume scholars and historians of economic thought alike." * Journal of the History of Economic Thought *"[Schabas and Wennerlind's] exceptional study is a welcomed contribution. . . . A Philosopher’s Economist is a serious piece of scholarship that is well-researched and artfully written." * LSE Review of Books *“Justice cannot be done to this authoritative and nuanced book in a short review. It balances deep contextualisation with insightful retrospective appraisal.” * Journal for Eighteenth-Century Studies *"While Hume is not entirely ignored by scholars of economics, his economic ideas have not had the impact of his philosophical endeavors. Margaret Schabas and Carl Wennerlind, two researchers with important interventions in contemporary Hume scholarship, disagree with this trend in their new and provocative book, A Philosopher’s Economist: Hume and the Rise of Capitalism. The two authors attempt to prove that economics was the center of Hume’s intellectual preoccupations and that Hume’s role in the history of economics should be reconsidered – on the one hand he should be seen as a key figure both in the early epistemology of economics and in the development of the actual theories and tools of this academic field; on the other hand, Hume is also presented as an ardent defender of capitalism as a means to improve human happiness and achieve political stability. . ." * The Journal of Philosophical Economics: Reflections on Economic and Social Issues *“There is at last a comprehensive study of David Hume’s economic writings and his economic life and times. A Philosopher’s Economist is illuminating, surprising, and a pleasure to read.” * Emma Rothschild, Harvard University *“In this engaging and thought-provoking book, Schabas and Wennerlind demonstrate both that David Hume was one of the most important early theorists of capitalism and that economics ‘serves as a unifying thread’ in the philosopher’s life work. This book is essential reading for those interested in the history of capitalism, the Enlightenment, and the age of revolutions. It is also vital to understanding the underpinnings of modern economic debates.” * Steven Pincus, University of Chicago *“Fascinating and illuminating. Schabas and Wennerlind trace the principles of economics as a unifying thread for all of Hume’s work. The result is an overdue and highly invigorating work that promises to remain relevant for a long time.” * Don Garrett, New York University *"...this is an excellent book and a major contribution to the literature on a topic that was in need of attention. It is one those books that can change our view of the history of economics." -- Paul Oslington * History of Economics Review *"The book is essentially a review of everything that Hume wrote on economics, organised by topic –economic methodology, property, moral improvement, money, international trade, and public finance. Schabas and Wennerlind are sure-footed guides to this material, attentive to textual detail and to historical context." * Journal of Economic Methodology *“The best extant account of Hume’s economic theory. . . . Establishes the benchmark and is a distinguished contribution not only to Hume studies but to scholarship more widely.” * The European Journal of the History of Economic Thought *"A Philosopher’s Economist is a well-organized, sharply focused, richly erudite, and beautifully narrated monograph on Hume’s economic thought—the product of many years of close academic collaboration between the two scholars. Though jointly authored, the book’s storytelling is so fluent and rigorous that it reads as if written by one author. . . . In short, Schabas and Wennerlind have presented us with an outstanding study of Hume’s economics for specialists and general readers alike. Without doubt, the book will soon establish itself as a modern classic in this genre and will maintain that status for the foreseeable future." * Eighteenth-Century Scotland *"An excellent and readable book on Hume’s economic thought... Philosopher’s Economist provides a comprehensive insight into Hume not only as an economist, but also as a social scientist, and succeeds in testifying to the increasing importance of this Scottish intellectual giant." * Journal of the History of Philosophy *"Undoubtedly an important contribution to one aspect of Hume’s extraordinary range of thought, the economic—based as it was on his underlying philosophy of the human condition." * 1650-1850: Ideas, Aesthetics, and Inquiries in the Early Modern Era *Table of ContentsList of Abbreviations and Modifications Preface Introduction Chapter 1. “A Rising Reputation”: Hume’s Lifelong Pursuit of Economics Chapter 2. “A Cautious Observation of Human Life”: Hume on the Science of Economics Chapter 3. “A More Virtuous Age”: Hume on Property and Commerce Chapter 4. “That Indissoluble Chain of Industry, Knowledge, and Humanity”: Hume on Economic and Moral Improvement Chapter 5. “Little Yellow or White Pieces”: Hume on Money and Banking Chapter 6. “A Prayer for France”: Hume on International Trade and Public Finance Chapter 7. “Our Most Excellent Friend”: Hume’s Imprint on Economics Acknowledgments Notes Bibliography Index
£28.00
The University of Chicago Press Business Cycles Theory History Indicators
Book SynopsisTable of ContentsAcknowledgments Preface I: Theories and Evidence 1: Macroeconomics and Business Cycles: An Overview 2: Recent Work on Business Cycles in Historical Perspective 3: Facts and Factors in the Modern Evolution of U.S. Economic Fluctuations 4: Cyclical Aspects of Cost and Price Movements 5: Research during the First 50 Years of the National Bureau II: History and Measurement 6: How Trends and Fluctuations Are Observed, Modeled, and Simulated: An Introduction 7: Business Cycles and Growth 8: The Regularity of Business Cycles 9: Econometric Model Simulations and the Cyclical Characteristics of the Economy III: Indicators 10: Cyclical Indicators: Structure, Significance, and Uses 11: Composite Indexes of Leading, Coincident, and Lagging Indicators 12: Major Macroeconomic Variables and Leading Indexes Phillip Braun IV: Forecasting 13: On Short-Term Predictions of General Economic Conditions 14: An Analysis of Annual and Multiperiod Quarterly Aggregate Forecasts 15: The Accuracy of Individual and Group Forecasts 16: Rational Expectations and Macroeconomic Forecasts 17: Consensus and Uncertainty in Economic Prediction Louis A. Lambros 18: The Record and Improvability of Economic Forecasting References Author Index Subject Index
£125.40
The University of Chicago Press Business Cycles
Book SynopsisThis volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting.. With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.
£47.50
Columbia University Press The Wealth of Nature
Book SynopsisDemonstrates that the claim that neoclassical economics is a science comparable to the physical sciences is totally bogus and that our failure to recognize and deal with this fact constitutes the greatest single barrier to the timely resolution of the crisis in the global environment.Trade ReviewOf inputs, outputs, and invisible hands: a prolegomenon to a future economics that takes environmental costs fully into account... there's a new accountant in town, and he's counting megawatts and felled forests. Kirkus Reviews This well-annotated, scholarly treatment of a dense subject is written in a lively style. Publisher's Weekly The Wealth of Nature makes a convincing case that there is no logic in assuming that neoclassical economics can account for the environmental impacts of economic activities or indeed find economic solutions to environmental problems... The book has already been acclaimed as 'an important book on a critical issue' that will help readers to understand the weakness of much of the argument that surrounds conventional economic thinking. -- J. N. R. Jeffers International Journal of Sustainable Development A valuable and very timely book, one that should be read by anyone interested in economics and ecology in our rapidly changing global economy. -- Dale Toweill Science Books & Films ...effective introductions to vitally important topics notoriously difficult to do justice to... -- Zoe Young Times Literary Supplement (Economics) The connections he makes between economies and the natural sciences are as fascintating as they are inspired. His ideas are unique, packed with substance, and bundled together with persuasive arguments. -- Todd Wellnitz Ecology This author is to be applauded for...initiating what should be a new conciliatory dialogue on economics and the environment -- Christopher P. Dunn Quarterly Review of BiologyTable of ContentsIntroduction 1. Spaceship Earth: Homo economicus and the Environmental Crisis 2. The Not So Worldly Philosophers: Metaphysics, Newtonian Physics, and Classical Economics 3. The Emperor Has No Clothes: The Neoclassical Economists and Mid-Nineteenth Century Physics 4. No Free Lunch: Mainstream Economics and Globalization 5. A Green Thumb on the Invisible Hand: Environmental Economics 6. Schisms, Heresies, and Keeping the Faith: Ecological Economics 7. The Real Economy in Biology: Emergence and a New View of Order 8. The Real Economy in Physics: Cosmic Connections 9. Toward a New Theory of Economics: The Costs of Doing Business in the Global Environment 10. The Ceremony of Innocence: Science, Ethics, and the Environmental Crisis
£46.75
Columbia University Press U.S. Corporate Governance
Book SynopsisTrade ReviewAnyone seeking a comprehensive introduction to corporate governance will find this book valuable...recommended. ChoiceTable of ContentsIntroduction Part I: Broad Perspectives on Corporate Governance 1. Value Maximization, Stakeholder Theory, and the Corporate Objective Function, by Michael C. Jensen 2. The State of U.S. Corporate Governance: What's Right and What's Wrong?, by Bengt Holmstrom and Steven N. Kaplan 3. U.S. Corporate Governance: Accomplishments and Failings: A Discussion with Michael Jensen and Robert Monks Part II: Internal Governance: Boards and Executive Compensation 4. The Director's New Clothes (or, The Myth of Corporate Accountability), by Robert Monks and Nell Minow 5. Best Practices in Corporate Governance: What Two Decades of Research Reveals, by Anil Shivdasani and Marc Zenner 6. Pay without Performance: Overview of the Issues, by Lucian A. Bebchuk and Jesse M. Fried 7. Is U.S. CEO Compensation Broken?, by John E. Core, Wayne R. Guay, and Randall S. Thomas Part III: External Governance: Ownership Structure 8. Just Say No to Wall Street: Putting a Stop to the Earnings Game, by Joseph Fuller and Michael C. Jensen 9. Identifying and Attracting the "Right" Investors: Evidence on the Behavior of Institutional Investors, by Brian Bushee 10. U.S. Family-Run Companies-They May Be Better Than You Think, by Henry McVey and Jason Draho 11. The Evolution of Shareholder Activism in the United States, by Stuart L. Gillan and Laura T. Starks Part IV: External Governance: The Market for Corporate Control 12. Corporate Control and the Politics of Finance, by Michael C. Jensen 13. Where M&A Pays and Where It Strays: Survey of the Research, by Robert Bruner 14. Private Equity, Corporate Governance, and the Reinvention of the Market for Corporate Control, by Karen H. Wruck About the Contributors Index
£96.80
Columbia University Press U.S. Corporate Governance
Book SynopsisTrade ReviewAnyone seeking a comprehensive introduction to corporate governance will find this book valuable...recommended. ChoiceTable of ContentsIntroduction Part I: Broad Perspectives on Corporate Governance 1. Value Maximization, Stakeholder Theory, and the Corporate Objective Function, by Michael C. Jensen 2. The State of U.S. Corporate Governance: What's Right and What's Wrong?, by Bengt Holmstrom and Steven N. Kaplan 3. U.S. Corporate Governance: Accomplishments and Failings: A Discussion with Michael Jensen and Robert Monks Part II: Internal Governance: Boards and Executive Compensation 4. The Director's New Clothes (or, The Myth of Corporate Accountability), by Robert Monks and Nell Minow 5. Best Practices in Corporate Governance: What Two Decades of Research Reveals, by Anil Shivdasani and Marc Zenner 6. Pay without Performance: Overview of the Issues, by Lucian A. Bebchuk and Jesse M. Fried 7. Is U.S. CEO Compensation Broken?, by John E. Core, Wayne R. Guay, and Randall S. Thomas Part III: External Governance: Ownership Structure 8. Just Say No to Wall Street: Putting a Stop to the Earnings Game, by Joseph Fuller and Michael C. Jensen 9. Identifying and Attracting the "Right" Investors: Evidence on the Behavior of Institutional Investors, by Brian Bushee 10. U.S. Family-Run Companies-They May Be Better Than You Think, by Henry McVey and Jason Draho 11. The Evolution of Shareholder Activism in the United States, by Stuart L. Gillan and Laura T. Starks Part IV: External Governance: The Market for Corporate Control 12. Corporate Control and the Politics of Finance, by Michael C. Jensen 13. Where M&A Pays and Where It Strays: Survey of the Research, by Robert Bruner 14. Private Equity, Corporate Governance, and the Reinvention of the Market for Corporate Control, by Karen H. Wruck About the Contributors Index
£35.70
Columbia University Press Economic Thought
Book SynopsisIn this concise history, Heinz D. Kurz selects major moments in the development of economic ideas to portray how insights are acquired, lost, and reborn. He focuses on the dynamic individuals who give old ideas new life and the historical events that provoke the combination and recombination of different approaches and theories.Trade ReviewAn enjoyable and well-organized history that will attract many readers to this highly readable treatise on the 'dismal science.' -- Amartya Sen, Harvard University Economic Thought ranges from harvest details on ancient Babylonian clay tablets to select recent developments in economic theory. Despite this breadth, Heinz D. Kurz achieves a truly impressive attention to detail and is able to provide intellectually satisfying explanations of many economic theories, both classical and modern. Any noneconomist wishing to acquire an intellectually serious introduction to economic theory would be well advised to begin with this book (and some overspecialized economists could certainly benefit too!). -- Ian Steedman, Manchester Metropolitan University An excellent read both for economists trained in the current traditions who want to know more about how their field evolved and for general readers looking for a broad but relatively compact history of economic thought. -- Richard R. Nelson, Columbia University The curious reader could not ask for a better guide to the significance of the history of economics than Kurz, who has distilled his many years of scholarship into this fine, easily readable book. Kurz understands well the dual nature of historical studies: to establish what the relevant theories meant in their time and their often changed application to our time. -- Geoffrey Harcourt, University of New South Wales If you're looking for a short but masterful overview of the course of economic thought, Heinz Kurz's book, translated from the German by Jeremiah Riemer, might be just the ticket. -- Brenda Jubin ValueWalk The book is remarkably successful in its objective of providing a brief history of economicthought. Economic and Political Weekly A definitive history of the field... Recommended. Asia Pacific Business ReviewTable of ContentsPreface Introduction 1. Early Economic Thought 2. Classical Economics 3. Marx and the Socialists 4. The Rise of Marginalism 5. Marshall and the Theory of Partial Equilibrium 6. Utilitarianism, Welfare Theory, and Systems Debate 7. Imperfect Competition 8. Schumpeter and the Principle of Creative Destruction 9. Keynes and the Principle of Effective Demand 10. Reactions to Keynes 11. General Equilibrium Theory and Welfare Theory 12. Developments in Selected Fields A Final Word References and Bibliography Index
£17.09
Columbia University Press Law and the Wealth of Nations
Book SynopsisTamara Lothian shows a path to the reconstruction of the economy in the service of both growth and inclusion that would reignite economic growth by democratizing the market. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.Trade ReviewThe question that motivates the book-How can finance serve production, innovation, and democracy, instead of acting as a constraint on them?-opens into a much larger discussion of the challenges of late capitalism. This is a significant contribution to the central debates of our time, laying out a fresh vision of finance and, more broadly, of an inclusive, democratic market economy -- Dani Rodrik, Harvard University Tamara Lothian makes a transformative contribution to the current debate on the role of finance-viewing it not in terms of 'more state' or 'more market' but of the need for innovations in the legal forms that structure markets, to bring together both economic progress and meaningful inclusion. -- Sanjay G. Reddy, The New School Reimagining our economic arrangements begins with reimagining our financial arrangements. No one has thought with more care, theoretic sophistication, or 'ground-level' knowledge of finance than Tamara Lothian. Her unsurpassed powers of abstraction and generalization, as guided and disciplined by her decades of thoughtful financial practice, uniquely qualify her to rethink finance in the interest of rethinking the economy. There is no one else like her in the field of finance. -- Robert C. Hockett, Cornell UniversityTable of ContentsA Note Regarding the Circumstance in Which This Book Is Published Introduction 1. The Past and Future of American Finance Seen Through the Lens of Crisis 2. The Past and Future of Financial Reform: From Regulation to Reorganization 3. The Democratized Market Economy 4. The Democratized Market Economy in Latin America (and Elsewhere): An Exercise in Institutional Thinking Within Law and Political Economy 5. Economic Progress and Structural Vision Appendix. Crisis, Slump, Superstition, and Recovery: Thinking and Acting Beyond Vulgar Keynesianism (with Roberto Mangabeira Unger) Notes Index
£91.52
Columbia University Press Law and the Wealth of Nations
Book SynopsisTamara Lothian shows a path to the reconstruction of the economy in the service of both growth and inclusion that would reignite economic growth by democratizing the market. Law and the Wealth of Nations offers a progressive approach to the supply side of the economy and proposes innovation in our fundamental economic arrangements.Trade ReviewTamara Lothian’s fascinating, bold, and provocative analysis of finance and economic democracy will inspire a new generation of reformers and scholars. Lothian brilliantly combines the perspectives of a legal scholar, financial expert, experienced financier, social theorist, and progressive visionary to chart a new direction for the twenty-first century economy. -- Jeffrey D. Sachs, Columbia UniversityLaw and the Wealth of Nations presents a way of thinking, a method, for putting finance in the service of economic innovation, and economic innovation in the service of a renewed democracy. For progressives who sense that redistribution is a necessary but insufficient component of sustainable reform and who wonder how to connect small, feasible changes to the thoroughgoing transformation of politics and the economy that is the order of the day, there is no more timely and welcome book. -- Charles Sabel, Columbia UniversityThe question that motivates the book—how can finance serve production, innovation, and democracy, instead of acting as a constraint on them?—opens into a much larger discussion of the contemporary challenges faced by our economies and societies. This is a significant contribution to the central debates of our time, laying out a bold vision of finance and, more broadly, of an inclusive, democratic market economy. -- Dani Rodrik, Harvard UniversityReviving our productive and political arrangements begins with reimagining our legal and financial arrangements. No one has thought with more care, imagination, or ground-level knowledge about how to make finance more useful and less harmful than Tamara Lothian. And no one has done more to show how reforming finance can initiate a democratizing reconstruction of the market economy. This book brings Tamara Lothian's visionary yet disciplined writing, long admired by specialists, to the broader audience to which it ultimately speaks. -- Robert C. Hockett, Cornell UniversityIn this striking and innovative work, Tamara Lothian shows how a revised practice of legal and economic thought can provide us with the ideas we need to think beyond the narrow limits of contemporary politics and policy in dealing with financial crisis and economic stagnation. Her writing exemplifies what so much of contemporary discourse lacks: structural vision, informed by historical understanding, disciplined by technical knowledge, and open to the imagination of new ways to democratize the market and deepen democracy. She offers insight and inspires hope. -- Sanjay G. Reddy, The New School for Social ResearchTable of ContentsA Note Regarding the Circumstance in Which This Book Is PublishedIntroduction1. The Past and Future of American Finance Seen Through the Lens of Crisis2. The Past and Future of Financial Reform: From Regulation to Reorganization3. The Democratized Market Economy4. The Democratized Market Economy in Latin America (and Elsewhere): An Exercise in Institutional Thinking Within Law and Political Economy5. Economic Progress and Structural VisionAppendix. Crisis, Slump, Superstition, and Recovery: Thinking and Acting Beyond Vulgar Keynesianism (with Roberto Mangabeira Unger)NotesIndex
£26.68
Columbia University Press Confronting Inequality How Societies Can Choose
Book SynopsisThree International Monetary Fund economists show that the increase in inequality has been a political choiceand explain what policies we should choose instead to achieve a more inclusive economy. Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.Trade ReviewThis book shows that, far from being either necessary or good for growth, inequality leads to weaker economic performance. Moreover, increases in inequality have been a choice, not an unexpected outcome. The extent of inequality depends very much on the policies governments chose. These conclusions come from careful research conducted over several years. This book’s message is simple: societies are free to choose policies that will deliver more inclusive growth. -- From the foreword by Joseph Stiglitz, Nobel Laureate in EconomicsThe IMF has been an unlikely accompaniment to the chorus of voices speaking out against increasing inequality, influenced primarily by the work of these authors. Here they explain why concerns about income distribution should be more central to policy making, and why the world will be better off for it. Backed by sensible empirical work, their arguments deserve to be read and discussed widely. -- Raghuram G. Rajan, University of Chicago Booth School of BusinessOstry, Loungani, and Berg have done some of the best empirical research on globalization, inequality, and economic growth. This book not only brings the work together, but also sets out a rich policy agenda on inclusive growth. Confronting Inequality should be on the shelf of everyone who wants to understand the future of our economies. -- Dani Rodrik, Harvard UniversityWe must move from assessing the effects of economic policies only on growth to assessing their effect on both growth and inequality. Some growth policies also decrease inequality, others increase it. Understanding the effects of specific policies, be it structural reforms or macroeconomic policies, is of the essence, and this book represents an important start at addressing the issue. -- Olivier Blanchard, senior fellow, Peterson Institute for International Economics, and former chief economist, International Monetary FundThe book provides a rigorous and pragmatic argument for why income inequality is a threat to sustained economic growth and what policies should be used to address it. Coming from the top IMF economists, this new approach may herald a major change in global policies such that attention is paid to both growth and equality. -- Branko Milanović, The Graduate Center, CUNYBuilding on years of research conducted by the authors at the International Monetary Fund, Ostry, Loungani, and Berg tell a compelling story—in a pithy, accessible way—about how inequality hurts economic growth and stability and how to design policies to deliver a more inclusive growth. -- Heather Boushey, executive director and chief economist, Washington Center for Equitable GrowthConfronting Inequality is a valuable primer on one of the central issues of the present day. Ostry, Loungani, and Berg make a powerful argument that inequality has economic, social, and political effects that slow economic growth—and they suggest a menu of sensible policies to make the world a better, fairer, and more prosperous place. A cogent and concise summary of what we know about inequality and about how to reduce it. -- Jeffry Frieden, Harvard UniversityTable of ContentsForeword, by Joseph E. StiglitzPreface1. Introduction2. Inequality: Measures and Drivers3. Inequality and Sustained Growth4. Structural Policies and Inequality5. Financial Globalization and Inequality6. Austerity and Inequality7. Central Banks and Inequality8. Technology, Robots, and Inequality9. Remedies for Inequality—Redistribution10. ConclusionsData AppendixTechnical AppendixGlossaryReferencesIndex
£79.20
Columbia University Press Confronting Inequality
Book SynopsisThree International Monetary Fund economists show that the increase in inequality has been a political choice—and explain what policies we should choose instead to achieve a more inclusive economy. Confronting Inequality is a rigorous and empirically rich book that is crucial for a time when many fear a new Gilded Age.Trade ReviewThis book shows that, far from being either necessary or good for growth, inequality leads to weaker economic performance. Moreover, increases in inequality have been a choice, not an unexpected outcome. The extent of inequality depends very much on the policies governments chose. These conclusions come from careful research conducted over several years. This book’s message is simple: societies are free to choose policies that will deliver more inclusive growth. -- From the foreword by Joseph Stiglitz, Nobel Laureate in EconomicsThe IMF has been an unlikely accompaniment to the chorus of voices speaking out against increasing inequality, influenced primarily by the work of these authors. Here they explain why concerns about income distribution should be more central to policy making, and why the world will be better off for it. Backed by sensible empirical work, their arguments deserve to be read and discussed widely. -- Raghuram G. Rajan, University of Chicago Booth School of BusinessOstry, Loungani, and Berg have done some of the best empirical research on globalization, inequality, and economic growth. This book not only brings the work together, but also sets out a rich policy agenda on inclusive growth. Confronting Inequality should be on the shelf of everyone who wants to understand the future of our economies. -- Dani Rodrik, Harvard UniversityWe must move from assessing the effects of economic policies only on growth to assessing their effect on both growth and inequality. Some growth policies also decrease inequality, others increase it. Understanding the effects of specific policies, be it structural reforms or macroeconomic policies, is of the essence, and this book represents an important start at addressing the issue. -- Olivier Blanchard, senior fellow, Peterson Institute for International Economics, and former chief economist, International Monetary FundThe book provides a rigorous and pragmatic argument for why income inequality is a threat to sustained economic growth and what policies should be used to address it. Coming from the top IMF economists, this new approach may herald a major change in global policies such that attention is paid to both growth and equality. -- Branko Milanović, The Graduate Center, CUNYBuilding on years of research conducted by the authors at the International Monetary Fund, Ostry, Loungani, and Berg tell a compelling story—in a pithy, accessible way—about how inequality hurts economic growth and stability and how to design policies to deliver a more inclusive growth. -- Heather Boushey, executive director and chief economist, Washington Center for Equitable GrowthConfronting Inequality is a valuable primer on one of the central issues of the present day. Ostry, Loungani, and Berg make a powerful argument that inequality has economic, social, and political effects that slow economic growth—and they suggest a menu of sensible policies to make the world a better, fairer, and more prosperous place. A cogent and concise summary of what we know about inequality and about how to reduce it. -- Jeffry Frieden, Harvard UniversityTable of ContentsForeword, by Joseph E. StiglitzPreface1. Introduction2. Inequality: Measures and Drivers3. Inequality and Sustained Growth4. Structural Policies and Inequality5. Financial Globalization and Inequality6. Austerity and Inequality7. Central Banks and Inequality8. Technology, Robots, and Inequality9. Remedies for Inequality—Redistribution10. ConclusionsData AppendixTechnical AppendixGlossaryReferencesIndex
£25.20
Columbia University Press Karl Polanyi
Book SynopsisA biography that connects the theorist’s maverick intellect and political commitments to the turbulent times in which he lived.Trade ReviewHere is the book the many admirers of Karl Polanyi have been waiting for: a vivid, thoroughly researched, and lucidly written intellectual biography that is worthy of its subject. It traces Polanyi's life and developing ideas first in central Europe, then in Britain and North America, showing both their rootedness in the 'lost world' of twentieth-century socialism and their ever-greater relevance to making sense of the market societies of our own time. -- Steven Lukes, author of Power: A Radical View One of the best biographies ever written of any intellectual emerging from the horrors of mid-twentieth-century Europe. It meticulously covers the whole ground-from the Jewish roots in Budapest through the First War, brilliantly reconstructs the milieu and debates of interwar Vienna, and adds enormously to our understanding of The Great Transformation. A compelling portrait, it is successful not just as an intellectual biography but as a personal one as well. -- John A. Hall, author of Ernest Gellner: An Intellectual Biography Writing the intellectual biography of one of the truly great thinkers of the twentieth century, an heir to Rousseau-comparable in importance to Max Weber or to John Maynard Keynes-is a daunting enterprise. Particularly so, since Polanyi's life is bound to the history of a European radicalism now defunct or dormant. Gareth Dale is equal to this task, the complexity of which is incredible. I have no doubt that this is a durable work that will be read by generations. Also, it will show that this half-submerged chapter in the chronicle of revolutionary and-to say the same with another word-theoretical upheavals is indispensable for everybody who still insists on being able to think critically. -- G. M. Tamas, author of Innocent Power: 100 Notes, 100 Thoughts This is a well-written, often sparkling, always informative, comprehensive narrative about the life and work of Karl Polanyi. The analysis is rich with cultural and historical contextualization, full of interesting allusions and reflections, and wonderfully evocative of the unfolding events on a European and transatlantic stage-it will be the standard reference point for all future work on Polanyi. -- Bob Jessop, University of Lancaster This much needed and accessibly crafted biography by a recognized authority on Karl Polanyi is well researched and supported by a range of sources, including archival material, interviews, and other contemporaneous scholars. The rich historical sourcing provides stimulating material for both scholarly audiences and general readers interested in the lives, contributions, and intellectual thought of fascinating individuals and scholars who lived through this particularly era. -- Sally Randles, Senior Research Fellow at the University of Manchester Institute of Innovation Research The long wait for an intellectual biography of Karl Polanyi is finally over. The task is intimidating because Polanyi's concepts are difficult to untangle and his life was divided into successive sojourns in five different countries with three different languages. But Gareth Dale has succeeded in writing an engaging and meticulously researched book that illuminates Polanyi's ideas and situates them in their proper historical context. -- Fred Block, author of The Power of Market Fundamentalism: Karl Polanyi's Critique Gareth Dale's new biography offers us a bracing reminder of a far richer world of socialist activity that once existed in much of the West. -- Nikil Saval The Nation Gareth Dale has done an outstanding job of recounting Polanyi's very full life in both the political and academic realms... For those interested in the work, not only of Karl Polanyi... this book will be invaluable. EH-NetTable of ContentsAcknowledgments Introduction 1. In the East-West Salon 2. Bearing the Cross of War 3. Triumph and Tragedy of Red Vienna 4. Challenges and Responses 5. The Cataclysm and Its Origins 6. "Injustices and Inhumanities" 7. The Precariousness of Existence Epilogue: A Lost World of Socialism Notes Index
£80.39
Columbia University Press A Theory of Imperialism
Book SynopsisA concise theory of historical and contemporary imperialism based on the prices of agricultural products and their movement from the underdeveloped to the developed world.Trade ReviewA highly original, powerfully presented, and extremely thought-provoking new theory of imperialism that will force anyone concerned with the question of imperialism to rethink their own presuppositions. -- Robert Pollin, codirector and professor of economics, Political Economy Research Institute, University of Massachusetts, Amherst Utsa and Prabhat Patnaik provide us with an important and incisive contribution to the theory of imperialism. Through a rigorous analysis of the policies pursued in India, they demonstrate how the contemporary pattern of imperialism is a continuation of its previous colonial pattern, in which peasant agriculture is systematically undermined, thus generating a gigantic and growing reserve of surplus labour. The ideas outlined in A Theory of Imperialism are central to understanding the construction of the unequal global system in the past and in the present. -- Samir Amin, author of The Implosion of Capitalism This is the best book-length treatment on the economic aspects of imperialism to have been published in the past several decades. It is theoretically powerful and empirically scrupulous, and its historical range covers the entire span of imperialism from the colonial period down to the present day -- Irfan Habib, author of The Agrarian System of Mughal India 1556-1707 Compelling, convincing, and a corrective that is urgent. JadaliyyaTable of ContentsForeword, by Akeel Bilgrami Preface 1. Introduction 2. The Threat of Increasing Supply Price 3. Coping with the Threat 4. The Reserve Army of Labour in the Periphery 5. Capitalism, Poverty, and Inequality 6. Further Elaborations and Clarifications 7. Metropolitan Demand on Tropical Landmass: The Empirical Picture 8. The International Monetary System: Some Issues in Political Economy 9. Some Concluding Remarks A Commentary on A Theory of Imperialism, by David Harvey A Response to David Harvey's Comments Notes References Index
£25.20
Columbia University Press American Capitalism
Book SynopsisAmerican Capitalism presents cutting-edge research that makes capitalism a subject of historical inquiry. Venturing new angles on finance, debt, and credit; women's rights; slavery and political economy; labor; the racialization of capitalism; and the production of knowledge, it demonstrates the breadth and scope of the new history of capitalism.Trade ReviewSven Beckert and Christine Desan are leaders in the burgeoning history of capitalism field, and they have put together a volume of outstanding scholars whose essays, in their chronological reach and subject matter, show this new literature at its best. A very fine and promising collection. -- Steven Hahn, New York UniversityTable of ContentsAcknowledgmentsIntroductionPart I. Making Markets1. The Capitalist Constitution, by Woody Holton2. What Was the Great Bull Market? Value, Valuation, and Financial History, by Julia Ott3. The New York City Fiscal Crisis and the Idea of the State, by Kim Phillips-FeinPart II. Claiming and Contesting Capitalism4. Utopian Capitalism, by Richard White5. The Sovereign Market and Sex Difference: Human Rights in America, by Amy Dru Stanley6. Negro Cloth: Mastering the Market for Slave Clothing in Antebellum America, by Seth Rockman7. Revulsions of Capital: Slavery and Political Economy in the Epoch of the Turner Rebellion, Virginia,1829–1832, by Christopher TomlinsPart III. “Knowing” Capital8. Risk, Uncertainty, and Data: Managing Risk in Twentieth-Century America, by Mary Poovey9. Representations of Capitalism in the Gilded Age and Progressive Era, by Peter Knight10. Value of Life: Insurance, Slavery, and Expertise, by Michael RalphPart IV. Refiguring Space from the Local to the Global11. War by Other Means: Mercantilism and Free Trade in the Age of the American Revolution, by Eliga H. Gould12. “Innovative Solutions to Modern Agriculture”: Capitalist Farming, Global Competition, and the Devolution of the U.S. Rice Industry, by Peter A. Coclanis13. Importing the World’s Fair, by Michael Zakim14. Plantation Dispossessions: The Global Travel of Agricultural Racial Capitalism, by Kris ManjapraSelected BibliographyList of ContributorsIndex
£91.52
Columbia University Press American Capitalism
Book SynopsisAmerican Capitalism presents cutting-edge research that makes capitalism a subject of historical inquiry. Venturing new angles on finance, debt, and credit; women's rights; slavery and political economy; labor; the racialization of capitalism; and the production of knowledge, it demonstrates the breadth and scope of the new history of capitalism.Trade ReviewSven Beckert and Christine Desan are leaders in the burgeoning history of capitalism field, and they have put together a volume of outstanding scholars whose essays, in their chronological reach and subject matter, show this new literature at its best. A very fine and promising collection. -- Steven Hahn, New York UniversityThis stunning volume not only captures the most vibrant, challenging work in the history of capitalism, but also distills the central themes and defining contributions of the field. The essays speak to all historians, not just those working in the history of capitalism. A must-read. -- Laura F. Edwards, Duke UniversityAmerican Capitalism represents the coming of age of a field of historical research. Rarely, in any field, has one volume featured the work of so many talented and accomplished historians. Each chapter breaks fresh ground and proposes new lines of inquiry. The editors have assembled a landmark and agenda-setting book that no student of economic life in the United States can afford to ignore. -- Jonathan Levy, University of ChicagoFrom the creditor constitution to the market for slave clothing to early American mercantilist thinking, this deftly curated book samples some of the best work that the history of capitalism literature has to offer. Readers interested in new and provocative explorations of the politics, law, and culture enmeshed in American economic institutions need look no further. -- Suresh Naidu, Columbia UniversityFew historical subfields are more important and timely than the critical history of capitalism. In this volume, Sven Beckert and Christine Desan have assembled cutting-edge work on topics as diverse as slavery, credit, insurance and risk, financial crises, race, gender, agriculture, and law and regulation. These essays combine chronological breadth, analytical depth, and geographic scope, linking the micro and macro, the local and the global. Essential reading. -- Thomas J. Sugrue, New York UniversityAmerican Capitalism shows us the benefits of a broad approach to the study of capitalism, and scholars from a variety of disciplinary backgrounds will learn much from its essays. -- John N. Blanton * The Gotham Center for New York History *Table of ContentsAcknowledgmentsIntroductionPart I. Making Markets1. The Capitalist Constitution, by Woody Holton2. What Was the Great Bull Market? Value, Valuation, and Financial History, by Julia Ott3. The New York City Fiscal Crisis and the Idea of the State, by Kim Phillips-FeinPart II. Claiming and Contesting Capitalism4. Utopian Capitalism, by Richard White5. The Sovereign Market and Sex Difference: Human Rights in America, by Amy Dru Stanley6. Negro Cloth: Mastering the Market for Slave Clothing in Antebellum America, by Seth Rockman7. Revulsions of Capital: Slavery and Political Economy in the Epoch of the Turner Rebellion, Virginia,1829–1832, by Christopher TomlinsPart III. “Knowing” Capital8. Risk, Uncertainty, and Data: Managing Risk in Twentieth-Century America, by Mary Poovey9. Representations of Capitalism in the Gilded Age and Progressive Era, by Peter Knight10. Value of Life: Insurance, Slavery, and Expertise, by Michael RalphPart IV. Refiguring Space from the Local to the Global11. War by Other Means: Mercantilism and Free Trade in the Age of the American Revolution, by Eliga H. Gould12. “Innovative Solutions to Modern Agriculture”: Capitalist Farming, Global Competition, and the Devolution of the U.S. Rice Industry, by Peter A. Coclanis13. Importing the World’s Fair, by Michael Zakim14. Plantation Dispossessions: The Global Travel of Agricultural Racial Capitalism, by Kris ManjapraSelected BibliographyList of ContributorsIndex
£26.68
Columbia University Press Infinite Greed
Book SynopsisThrough a novel synthesis of Marxism and psychoanalysis, Adrian Johnston reveals how the relentless pursuit of profits is not fundamentally animated by human acquisitiveness.
£93.60
University of Notre Dame Press Global Codes of Conduct
Book SynopsisThe collected reflections of leaders in business, academy and other parts of society ask questions to consider in the rush towards globalization: What is the next step in the globalization process? Should we aim for one global code of conduct? What accountability structures are helpful?Trade Review“The contemporary globalization of business cries out for a global ethic, the successful articulation of which is furthered by this collection of timely new essays that together evaluate existing global codes and suggest fruitful lines of future development. The twenty-seven codes conveniently gathered in the Appendix enhance the volume’s usefulness. The books is an important and welcome addition to the literature on international business ethics.” —Richard T. De George, University Distinguished Professor of Philosophy, University of Kansas“These two books [Economic Imperatives and Ethical Values in Global Business and Global Codes of Conduct] present the best current thinking about efforts to appraise and influence the social and ethical impact of global corporations, and set the stage for the new UN Global Compact initiated by Secretary-General Kofi Annan in 1999.” —Ethics and International Affairs“A useful all-in-one-volume survey of the values and the limitations of global codes of conduct for multinational corporations—a topic of obvious importance in an increasingly ‘globalized’ economy.... Recommended for academic collections, lower-division undergraduate through research, as well as professional libraries.” —Choice
£19.94
