Economic theory and philosophy Books
Pluto Press Englands Discontents
Book SynopsisHow England's political cultures are being eroded by neoliberalismTrade Review'This is a hugely ambitious and seriously rewarding genealogy of Britishness. Navigating the East India Company and Brexit, conservatism and liberalism, Gramsci and Stuart Hall, Mike Wayne has produced a fantastic analysis of the contradictions of our political culture' -- Des Freedman, Professor of Media and Communications, Goldsmiths, University of London'Wayne's excellent book delivers home truths and important historical lessons with authority, clarity and conviction. Its call for a radical version of social democracy is both convincing and energising. Anyone seeking the sign-posts for social change should read this' -- Anita Biressi, Professor of Media and Society, University of Roehampton'In the aftermath of Brexit, Mike Wayne's provocative re-reading of the tangled historical relations between Britain's contesting political cultures forces us to think again about the exercise of power, the imagination of nationhood and the possibilities for change' -- Graham Murdock, Professor of Culture and Economy, Loughborough University'Provides a valuable analysis of how Britain is ruled and the ideology and culture of its elite' -- Counterfire'An exploration of English national identity that provides a highly effective insight towards understanding the politucal terrain of post-Brexit Britain' -- Philosophy FootballTable of ContentsIntroduction 1. Political Cultures and National Identities: A Gramscian Framework 2. The Formation of Political Cultures 3. Conservative Culture and the Economy 4. Conservative Culture and the State 5. The Oscillations of Liberalism 6. Geopolitical Discontents: A Tale of Two Referendums 7. Hegemony in Question: Stuart Hall, Gramsci and Us 8. Going Forwards, Facing Backwards Notes Index
£22.49
John Wiley and Sons Ltd Sites of Race
Book SynopsisCritical social theorist and philosopher David Theo Goldberg is one of the defining figures in critical race theory.Table of ContentsAcknowledgments vi Introduction 1 1 Race to modernity 14 2 Global racialities 35 3 Modernity’s civic religion 48 4 Racial states 66 5 Fearing Foucault 83 6 The raciologics of militarizing society 108 7 Migrating racisms 130 8 Civic lessons 152 9 Racial (ir)relevance 170 10 Reiteracing Obama 185 References 209 Index 218
£42.75
John Wiley and Sons Ltd Sites of Race
Book SynopsisCritical social theorist and philosopher David Theo Goldberg is one of the defining figures in critical race theory.Trade ReviewLively, incisive, and provocative, these conversations between Goldberg and Giroux serve both as an introduction to Goldberg's important work for newcomers, and as a significant elaboration that will be of great interest to those already familiar with him. The power and sophistication of Golberg's analysis is on full display, and the conversational style gives it a heightened sense of liveliness and urgency. This is a milestone text in the theorization of race and racism. Michael J. Monahan, Marquette University Through these provocative conversations in which Susan Searls Giroux asks David Theo Goldberg to reflect on the body of his work, we discover what it means to inhabit a world where race has been consigned to the realm of the invisible, but political, economic, and ideological structures continue to bear “the weight of race.” As Goldberg deftly recapitulates his considerable theoretical contributions, he links complex analyses of race and racism to key historical events, thus rendering them importantly accessible to new audiences today. Angela Y. Davis, University of California, Santa Cruz For decades, David Theo Goldberg has been theorizing race and racialization across a variety of temporal and geopolitical formations--apartheid and post-apartheid South Africa, 19th through 21st century United States, Palestine/Israel, old Europe and new immigrant Europe. This splendid set of conversations between Goldberg and Giroux reprises the riches of his thought and places essential touchstones for theorizing race today, among them political theology, neoliberalism, gender and class, Eurocentrism, immigration, securitization, language and silence. Along the way, Goldberg and Giroux probe the riches and limitations of diverse theoretical approachesÑpsychoanalytic, Foucaultian, feminist, Marxist and postcolonial-- for grasping racial formations and subjections. This is a wonderfully readable, teachable and stimulating text. Wendy Brown, University of California, BerkeleyTable of ContentsAcknowledgments vi Introduction 1 1 Race to modernity 14 2 Global racialities 35 3 Modernity’s civic religion 48 4 Racial states 66 5 Fearing Foucault 83 6 The raciologics of militarizing society 108 7 Migrating racisms 130 8 Civic lessons 152 9 Racial (ir)relevance 170 10 Reiteracing Obama 185 References 209 Index 218
£14.99
John Wiley and Sons Ltd Saving the Market from Capitalism
Book SynopsisThis new book by two leading economists is a far-reaching analysis of the role and organization of the financial system in the aftermath of the economic crisis. The authors argue that the financial markets, as currently organized, hinder genuine market transactions and therefore harm the economy, along with any chance of sustained recovery.Despite the crisis, the power of the financial markets has continued to grow. Far from being subjected to major restructuring or regulation, they continue to rule largely unchecked - laying down economic policies, deposing governments, disrupting social contracts and reshaping international alliances. The time has come to think through more radical proposals for reform - to save other markets from the overwhelming power of the one market that has come to dominate them all, the financial market. Through a detailed examination of specific measures - from policies aimed at reigning in financial markets to the idea of local currenTrade Review'[Amato & Fantacci's] point that the whole economic system is shot and must change seems hard to contest. What they call "the globalisation of precariousness" is clearly a recipe for recurring disaster.' South China Morning Post ‘This is a serious analysis of how and why the financial markets as they are currently organized prevent genuine market transactions and therefore harm the economy. In this distinctive and important new book, the authors argue that getting the markets right is the most important issue facing us at present.’ Colin Crouch, University of Warwick ‘In a compelling sequel to their acclaimed The End of Finance, Amato and Fantacci insist that finance is currently a wholly destructive and illegitimate force. However, unlike other radical critiques, they maintain that it should play a vital role in the modern economy. They have provided a compelling and lucid account of how this might be achieved at global, national and local levels.’ Geoffrey Ingham, University of CambridgeTable of Contents Introduction Acknowledgements I Why can we find no exit from the crisis? II. The global crisis and the need to reform the international monetary and financial system III. The European crisis and the need for a new European Clearing Union IV. Local currencies and local finance
£45.00
John Wiley and Sons Ltd Saving the Market from Capitalism
Book SynopsisThis new book by two leading economists is a far-reaching analysis of the role and organization of the financial system in the aftermath of the economic crisis. The authors argue that the financial markets, as currently organized, hinder genuine market transactions and therefore harm the economy, along with any chance of sustained recovery.Despite the crisis, the power of the financial markets has continued to grow. Far from being subjected to major restructuring or regulation, they continue to rule largely unchecked - laying down economic policies, deposing governments, disrupting social contracts and reshaping international alliances. The time has come to think through more radical proposals for reform - to save other markets from the overwhelming power of the one market that has come to dominate them all, the financial market. Through a detailed examination of specific measures - from policies aimed at reigning in financial markets to the idea of local currenTrade Review'[Amato & Fantacci's] point that the whole economic system is shot and must change seems hard to contest. What they call "the globalisation of precariousness" is clearly a recipe for recurring disaster.' South China Morning Post ‘This is a serious analysis of how and why the financial markets as they are currently organized prevent genuine market transactions and therefore harm the economy. In this distinctive and important new book, the authors argue that getting the markets right is the most important issue facing us at present.’ Colin Crouch, University of Warwick ‘In a compelling sequel to their acclaimed The End of Finance, Amato and Fantacci insist that finance is currently a wholly destructive and illegitimate force. However, unlike other radical critiques, they maintain that it should play a vital role in the modern economy. They have provided a compelling and lucid account of how this might be achieved at global, national and local levels.’ Geoffrey Ingham, University of CambridgeTable of Contents Introduction Acknowledgements I Why can we find no exit from the crisis? II. The global crisis and the need to reform the international monetary and financial system III. The European crisis and the need for a new European Clearing Union IV. Local currencies and local finance
£15.19
John Wiley and Sons Ltd Neoliberalism
Book SynopsisFor over three decades neoliberalism has remained the dominant economic ideology.Trade Review"This is a first-class text from two expert authors who make difficult ideas and arcane concepts highly accessible to the general reader without sacrificing the quality of the analysis or original contributions." Colin Crouch, Professor Emeritus of the University of Warwick and an external scientific member of the Max Planck Institute for the Study of Societies, Cologne "If you are looking for an accessible guide to the complexities of neoliberalism, or for a comprehensive introduction to dominant trends in advanced capitalism, look no further." David Coates, Wake Forest UniversityTable of ContentsCONTENTS Acknowledgements Introduction 1. Neoliberalism in Historical Perspective 2. Neoliberal Finance 3. Work and Welfare 4. Corporate Power 5. Power, Inequality and Democracy 6. Crisis and Resilience References Index
£15.19
Emerald Group Publishing Limited Documents from the History of Economic Thought
a huge range and FREE tracked UK delivery on ALL orders.
£88.99
Emerald Publishing Limited Further Documents from the History of Economic Thought
a huge range and FREE tracked UK delivery on ALL orders.
£88.99
University of British Columbia Press Leviathan Undone Towards a Political Economy of
Book SynopsisBringing together leading theorists and scholars in contemporary spatial thinking and political economy, this volume presents an unprecedented collection of essays on scale, as well as case studies on the restructuring of our global society.Table of ContentsPrefaceIntroduction / Rianne Mahon and Roger KeilPart 1: The Scalar Turn1 A Thousand Leaves: Notes on the Geographies of Uneven Spatial Development / Neil Brenner2 Is Scale a Chaotic Concept? Notes on Processes of Scale Production / Byron Miller3 Why the Urban Question Still Matters: Reflections on Rescaling and the Promise of the Urban / Stefan KipferPart 2: Political Scales4 Avoiding Traps, Rescaling States, Governing Europe / Bob Jessop5 Scaling Government to Politics / Warren Magnusson6 Producing Nature, Scaling Environment: Water, Networks, and Territories in Fascist Spain / Erik Swyngedouw7 Getting the Scale Right? A Relational Scale Politics of Native Title in Australia / Richard HowittPart 3: Re/Productive Scales8 The Cult of Urban Creativity / Jamie Peck9 State Spaces of “After Neoliberalism”: Co-Constituting the New Zealand Designer Fashion Industry / Wendy Larner, Nick Lewis, and Richard Le Heron10 Public Health and the Political Economy of Scale: Implications for Understanding the Response to the 2003 Severe Acute Respiratory Syndrome (SARS) Outbreak in Toronto / S. Harris Ali and Roger Keil11 Of Scalar Hierarchies and Welfare Redesign: Child Care in Four Canadian Cities / Rianne MahonPart 4: The Scale of Movements12 The Spatiality of Contentious Politics: More than a Politics of Scale / Helga Leitner and Eric Sheppard13 Regional Resistances in an Exurban Region: Intersections of the Politics of Place and the Politics of Scale / Gerda R. Wekerle, L. Anders Sandberg, and Liette Gilbert14 Revolutionary Cooks in the Hungry Ghetto: The Black Panther Party’s Biopolitics of Scale from Below / Nik Heynen15 The Empire, the Movement, and the Politics of Scale: Considering the World Social Forum / Janet ConwayConclusion / Rianne Mahon and Roger KeilReferencesContributors
£73.95
University of British Columbia Press Leviathan Undone Towards a Political Economy of
Book SynopsisBringing together leading theorists and scholars in contemporary spatial thinking and political economy, this volume presents an unprecedented collection of essays on scale, as well as case studies on the restructuring of our global society.Table of ContentsPrefaceIntroduction / Rianne Mahon and Roger KeilPart 1: The Scalar Turn1 A Thousand Leaves: Notes on the Geographies of Uneven Spatial Development / Neil Brenner2 Is Scale a Chaotic Concept? Notes on Processes of Scale Production / Byron Miller3 Why the Urban Question Still Matters: Reflections on Rescaling and the Promise of the Urban / Stefan KipferPart 2: Political Scales4 Avoiding Traps, Rescaling States, Governing Europe / Bob Jessop5 Scaling Government to Politics / Warren Magnusson6 Producing Nature, Scaling Environment: Water, Networks, and Territories in Fascist Spain / Erik Swyngedouw7 Getting the Scale Right? A Relational Scale Politics of Native Title in Australia / Richard HowittPart 3: Re/Productive Scales8 The Cult of Urban Creativity / Jamie Peck9 State Spaces of “After Neoliberalism”: Co-Constituting the New Zealand Designer Fashion Industry / Wendy Larner, Nick Lewis, and Richard Le Heron10 Public Health and the Political Economy of Scale: Implications for Understanding the Response to the 2003 Severe Acute Respiratory Syndrome (SARS) Outbreak in Toronto / S. Harris Ali and Roger Keil11 Of Scalar Hierarchies and Welfare Redesign: Child Care in Four Canadian Cities / Rianne MahonPart 4: The Scale of Movements12 The Spatiality of Contentious Politics: More than a Politics of Scale / Helga Leitner and Eric Sheppard13 Regional Resistances in an Exurban Region: Intersections of the Politics of Place and the Politics of Scale / Gerda R. Wekerle, L. Anders Sandberg, and Liette Gilbert14 Revolutionary Cooks in the Hungry Ghetto: The Black Panther Party’s Biopolitics of Scale from Below / Nik Heynen15 The Empire, the Movement, and the Politics of Scale: Considering the World Social Forum / Janet ConwayConclusion / Rianne Mahon and Roger KeilReferencesContributors
£26.99
John Wiley & Sons Inc Chinas Futures
Book SynopsisAs it emerges from centuries of social, military, and political strife, China--which represents one fifth of the world''s population and its third largest economy--is poised to play a major role in global business. But what will that role be? In this book, two experts, who have created business scenarios for some of the world''s largest organizations--including Royal Dutch/Shell, AT&T, IBM, and Motorola--present three very informed versions of how China''s future may unfold in the coming years and what it means to the rest of the world. These scenarios provide a foundation on which today''s companies can build business strategies for years to come. Click here to read the preface from this book.Trade Review"...anyone concerned with the future of the region is likely to find this a useful read." (Long Range Planning, Vol.33, 2000)Table of ContentsPreface. Acknowledgements. Introduction: China in the 21st Century: The World's Biggest Story. THE WAY OF CHINA. China Basics. Driving Forces. The Worms in the Core. SCENARIOS OF THE FUTURE OF CHINA. An Introduction of Scenarios and Development Models. Scenario One: China Web. Scenario Two: The New Mandarins. Scenario Three: The Thief of Beijing. IMPLICATIONS HOW TO USE THESE SCENARIOS FOR OUR CHILDREN.
£24.79
University of Toronto Press Tariff and Science Policies
Book SynopsisThis controversial analysis of economic nationalism will interest economists and those concerned with nationalism and the competitive position of Canadian manufacturing. It is the first attempt to test empirically an economic model of nationalism, a model which implies than an emphasis on nationalism ultimately reduces economic efficiency – with low-income groups bearing most of the resultant cost – and redistributes income from lower – to upper-income individuals.Applying the model to federal commercial and science policies, the authors argue that these policies have contributed to the high costs and low productivity of Canadian manufacturing and retarded the adoption of new processes and improved techniques. They find that the costs of these are borne by the urban workers and the consumer, while the major beneficiaries are Canadian managers, scientists, and engineers. The efficiency and competitive position of Canadian industry are reduced and income re
£17.09
Stanford University Press Profits Priests and Princes
Book SynopsisIn launching modern economics, Adam Smith paved the way for laissez-faire capitalism, Marxism, and contemporary social science. This book scrutinizes Smith's disparagement of politics and religion to illuminate the subtlety of his rhetoric, the depth of his thought, and the ultimate shortcomings of his project.
£56.10
Stanford University Press Learning from Learning by Doing Lessons for
Book SynopsisNobel laureate Solow shows how Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" fits into the modern theory of economic growth, and uses it as a springboard for a critical consideration of spectacular recent developments that have made growth theory a dynamic topic today.Table of ContentsCONTENTS 1. 2. 3. 4.
£18.04
MK - Stanford University Press The Theory of Demand for Health Insurance
Book SynopsisThis text presents a theory of consumer demand for health insurance. It holds that people purchase insurance to obtain additional "income" when they become ill. In effect, insurance companies take premiums paid by those who remain relatively healthy and transfer them to the seriously ill.Trade Review“This book thoroughly and critically re-examines two core beliefs in health economics: that health insurance induces individuals to overconsume care and that the demand for insurance is primarily driven by individuals' desire to avoid risk. It concludes that much of the increase in health care expenditures associated with insurance does not diminish welfare and that individuals' desire to increase their ability to afford health care when they fall ill is an important motivator for the purchase of health insurance. These ideas, though perhaps controversial, offer important insights to scholars and teachers working in this area and have important ramifications for policy makers and health care purchasers as they strive to constrain health care cost growth.”—Michael Chernew, University of Michigan“This is a compelling and modern treatment of the demand for health insurance written by a leader in the field. The book is concise yet comprehensive, carefully researched, and clear. It is must reading for anyone interested in understanding alternative theories of the demand for health insurance, as well as the policy implications of these alternative theories.”—John A. Rizzo, The Ohio State University
£52.20
Stanford University Press Max Webers Economy and Society
Book Synopsis"This book provides an indispensable introduction to Weber's Economy and Society, and should be mandatory reading for social scientists who are interested in Weber."-Gil Eyal, Columbia UniversityTrade Review"This book provides an indispensable introduction to Weber's Economy and Society, and should be mandatory reading for social scientists who are interested in Weber. The various contributions to this volume, all written by important Weberian scholars, present the culmination of decades of debates about Weber's various concepts and theories. They are sure guides in the maze of conflicting interpretations, and draw out the implications of Weber's sociology for understanding social change in the 21st century." —Gil Eyal, Columbia University"Many will value this as the best collection of essays on Max Weber in the English language. It surpasses prior studies in using Weber and the world of his endeavors as entry points into the central issues of social science today." —Richard Biernacki, University of California, San Diego"This book provides an indispensable introduction to Weber's Economy and Society, and should be mandatory reading for social scientists who are interested in Weber."—Gil Eyal, Columbia University"...an admirably helpful and user-friendly guide..."—Canadian Journal of Sociology Online"The Critical Companion is the best existing title in English to outline the many issues under discussion in the sprawling Economy and Society."—H-Net ReviewsTable of ContentsContents Introduction Charles Camic, Philip S. Gorski, and David M. Trubek Part I. Contextual and Textual Background 1. Max Weber, Scion of the Cosmopolitan Bourgeoisie: Historical Context and Present-Day Relevance Guenther Roth 2. Economy and Society and the Revision of Weber's Ethics Harvey Goldman 3. Max Weber's "Grand Sociology": The Origins and Composition of Wirtschaft und Gesellschaft. Soziologie Wolfgang J. Mommsen Part II. The Textual Core Theory and methods 4. The Unmet Challenge of Weber's Theory of Rational Action Donald Levine The economy 5. Max Weber's Economic Sociology Richard Swedberg Politics 6. Democracy, Domination and Legitimacy in Max Weber's Political Thought Regina Titunik Religion 7. Religious Communities as Vehicles of Meaning in Social Interaction: The "Sociology of Religion" Section of Economy and Society Hans G. Kippenberg Part III. Critical Perspectives Theory and methods 8. Beyond Weberian Action Theory of Action Mustafa Emirbayer The economy 9. The Shadow of Exploitation in Weber's Class Analysis Erik Olin Wright Politics 10. The Rule of the Father: Patriarchy and Patrimonalism in Early Modern Europe Julia Adams Politics and religion 11. The Protestant Ethic and the Spirit of Bureaucracy: Ascetic Protestantism and Political Rationalism in Early Modern Europe Philip S. Gorski Politics 12. Weber and the Sociology of Revolution Randall Collins Theory and law 13. The Disenchantment of Logically Formal Legal Rationality Duncan Kennedy Religion 14. The Charisma of Human Rights Hans Joas Index Library of Congress Subject Headings for this publication: Weber, Max, 1864-1920, Wirtschaft und Gesellschaft, English, Sociology, Economics Sociological aspects
£105.40
Stanford University Press The Basic George B. Dantzig
Book SynopsisWidely known as the father of linear programming, George B. Dantzig has been a major influence in mathematics, operations research and economics. This volume highlights the breadth and influence of his research, including mathematical statistics, economic modelling and network optimization.Trade Review"George B. Dantzig was one of the most important creative minds of the last half-century. Having a selection of his work is a scholarly must, and anyone interested in the application of quantitative methods to the achievement of efficiency must be grateful." -- Kenneth J. Arrow Stanford University "This collection of papers not only represents a sample of the extraordinary contributions of George Dantzig but also chronicles the fundamental concepts of mathematical programming and operations research. Virtually all of today's work in optimization finds its origin in one or more of these papers. Beyond their historical importance for developing new tools and insights, these articles also demonstrate the elegance and clarity of Dantzig's style of exposition. Students and researchers in all mathematical science fields can learn from his example." -- John R. Birge, Dean, Robert R. McCormick School of Engineering and Applied Science Northwestern University
£59.40
Stanford University Press Essays on Philosophy Politics Economics
Book SynopsisEssays on Philosophy, Politics, & Economics offers a critical examination of economic, philosophical, and political notions, with an eye towards working across all three, so that students and scholars from can expand their perspectives as they approach the necessarily complex research questions of today and tomorrow.Trade Review"The editors bring together an interesting and thought-provoking collection of essays at the intersection of several disciplines. The juxtaposition of these pieces casts their topics in a new light, suggesting fresh and illuminating lines of thought and research. This collection should be of interest to a wide range of scholars and students interested in crucial questions of public policy and their theoretical underpinnings."—Diane Jeske, University of Iowa"In the 20th century, Economics aspired to become a technical discipline, more akin to engineering and physics. The effort to build a discipline of this nature has failed. Now, what was old is new again. The disciplines of Philosophy, Politics, and Economics are once again being integrated and there is a common research program emerging. Philosophy, Politics & Economics is an outstanding collection of contemporary essays. It is a great place to start to get a sense of today's questions and approachesand the potential for this integration to improve our understanding of the human condition."—Peter J. Boettke, Professor of Economics and BB&T Professor for the Study of Capitalism at the Mercatus Center, George Mason University
£40.50
Stanford University Press Collective Action and Exchange
Book SynopsisIn Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy , author William D. Ferguson unifies a broad range of new developments in economic theory and closely related areas of study to present a comprehensive political economy text, aimed at advanced undergraduates in economics and graduate students in the social sciences.Trade Review"Ferguson's book is a forceful introduction to the analytical techniques involved in this intellectual revolution, together with a presentation of the evidence supporting various models. It exhibits a deep appreciation for the long road ahead in improving our understanding of the political aspects of social life . . . Your students will love you for it because the material is so exciting and real world. Quite an antidote to traditional micro texts!"—Herbert Gintis, Central European University"The main accomplishment of the book is to establish collective action problems as a way to look at quandaries in political economy. It goes way beyond the standard models of self-interested rationality in economics and deals in detail with behavioral models of preference."—Sourav Bhattacharya, University of Pittsburgh"Political economy has evolved in the past two decades from verbal gymnastics to a scientific study of how people form groups to solve collective action problems. Ferguson's book is a forceful introduction to the analytical techniques involved in this intellectual revolution, together with a presentation of the evidence supporting various models. It exhibits a deep appreciation for the long road ahead in improving our understanding of the political aspects of social life."—Herbert Gintis, Santa Fe Institute, Central European University, and author of Game Theory Evolving"Collective Action and Exchange is a remarkably effective pedagogical tool. Ferguson's presentation highlights common themes that are too often hidden in specialized treatments of political economy. Particularly compelling is the way that he integrates the insights of Elinor Ostrom's Nobel prize-winning research on governing the commons into simple models based on core principles. This book demonstrates the value of modeling as an approach to policy analysis, and offers a power suite of economic tools to help us understand a wide range of individual and collective decisions."—Michael D. McGinnis, Former Director, The Vincent and Elinor Ostrom Workshop in Political Theory and Policy Analysis, Indiana University"Why can economics courses be so dull when the economy itself is positively riveting and, recently, economic theory has bristled with novel insights? Ferguson's Collective Action and Exchange brings the excitement into the classroom, introducing students to some of the best research on networks, cooperation, institutions, and information."—Samuel Bowles, author, Microeconomics: Behavior, Institutions, and Evolution
£49.30
Stanford University Press The Specter of Capital
Book SynopsisIn his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalismwith its bewildering array of new instrumentsby tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it.The market knows best: this is a secular version of Adam Smith''s faith in the market''s invisible hand, his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an oikodicy, an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financialTrade Review"A brief, lucid account of financialization's separation from production and its emergence as an autonomous realm—a development with serious consequences for theory as well as reality. Vogl demonstrates the baleful influences of the former on the latter and emphasizes the temporal paradox of a present which, preempting the future in the form of derivatives and the like, leaves us open to the unpredictable and the destructive."—Fredric Jameson, Duke University"To understand what capitalism means today, we must ask about economics and culture, for capital is central to each. It takes on spectral form: shadowy, fleeting, but omnipresent. This is finance capitalism. It has existed before but is of newly dramatic power now. Vogl's book is full of insights into what is going on and what it all means."—Craig Calhoun, Director of the London School of Economics and Political Science"In this book, Joseph Vogl decodes the specter and demystifies the uncharted terrain of contemporary capitalism. This brilliant book is required reading for anyone hoping to understand the makings and workings of today's finance economy."—Janine R. Wedel, School of Public Policy, George Mason University
£74.70
Stanford University Press The Specter of Capital
Book SynopsisIn his brilliant interdisciplinary analysis of the global financial crisis, Joseph Vogl aims to demystify finance capitalismwith its bewildering array of new instrumentsby tracing the historical stages through which the financial market achieved its current autonomy. Classical and neoclassical economic theorists have played a decisive role here. Ignoring early warnings about the instability of speculative finance markets, they have persisted in their belief in the inherent equilibrium of the market, describing even major crises as mere aberrations or adjustments and rationalizing dubious financial practices that escalate risk while seeking to manage it.The market knows best: this is a secular version of Adam Smith''s faith in the market''s invisible hand, his economic interpretation of eighteenth-century providentialist theodicy, which subsequently hardened into an oikodicy, an unquestioning belief in the self-regulating beneficence of market forces. Vogl shows that financialTrade Review"A brief, lucid account of financialization's separation from production and its emergence as an autonomous realm—a development with serious consequences for theory as well as reality. Vogl demonstrates the baleful influences of the former on the latter and emphasizes the temporal paradox of a present which, preempting the future in the form of derivatives and the like, leaves us open to the unpredictable and the destructive."—Fredric Jameson, Duke University"To understand what capitalism means today, we must ask about economics and culture, for capital is central to each. It takes on spectral form: shadowy, fleeting, but omnipresent. This is finance capitalism. It has existed before but is of newly dramatic power now. Vogl's book is full of insights into what is going on and what it all means."—Craig Calhoun, Director of the London School of Economics and Political Science"In this book, Joseph Vogl decodes the specter and demystifies the uncharted terrain of contemporary capitalism. This brilliant book is required reading for anyone hoping to understand the makings and workings of today's finance economy."—Janine R. Wedel, School of Public Policy, George Mason University
£17.99
Stanford University Press Ethics in Economics
Book SynopsisEthics in Economics provides an introduction to the ethical systems that underpin economic debates. Jonathan B. Wight considers how outcomes, duties, and virtue work together in economic life to create wealth by addressing moral hazards and building trust.Trade Review"Jonathan Wight's Ethics in Economics is a superb resource for economists and students of economics. It provides a great introduction to the multiple frameworks that influence the ethical thinking of policy-makers, economists, and the human agents who, in their day-to-day interactions, make economies function and malfunction." -- Daniel M. Hausman * University of Wisconsin-Madison *"[T]he book is more than the introductory text that it purports to be. The book has deepened my own reckoning with normative and economic theory, human behavior, and policy adjudication. For the sake of the many students who have passed through my courses over the years, I only wish the book had appeared a decade or two earlier." -- George F. DeMartino * Erasmus Journal for Philosophy and Economics *"Wight has written a very readable and, not least due to the use of illustrative examples and fictional dialogues, highly accessible introduction to ethics in economics for economists and students of economics." -- Andrea Klonschinski * Ethical Theory and Moral Practice *"In this outstanding book, Wight argues that economics is a normative science and that economic ethics necessarily requires all three moral theories (pluralism). The most obvious strength of the book is that the author clearly explains the various schools of thought in both economics and ethics. He also rigorously identifies the various issues that arise within normative economics . . . Highly recommended." -- R.F. White * CHOICE *"Jonathan Wight has produced a sweetly written introduction to ethics for economists—something the economists don't think they need, but do. The crust of 'normative vs. positive' needs Wight's breaking. This book is highly dialogic, bringing students (and faculty) into core debates and resolving them. It is a triumph." -- Deirdre N. McCloskey, Distinguished Professor of Economics and History * University of Illinois at Chicago *"Two centuries after Adam Smith, ethics has been recognized as vital to economics. In this impressive book, Wight draws on sources that range from classical theorists to the very latest neuroscience in order to deftly integrate common moral concerns into an enhanced economics for the twenty-first century. This fast-paced read is a must for economists, policy analysts, and their students." -- Paul J. Zak * Claremont Graduate University and author of The Moral Molecule *Table of ContentsContents and Abstracts1Why Ethics Matters chapter abstractMoral norms arising from virtue and duty ethics complement the standard economic welfare model in helping explain economic outcomes and the operation of economic institutions. Both positive and normative economics are enhanced by a pluralist understanding of ethics as a part of critical thinking. Economic solutions usually involve tradeoffs not only between competing normative values but also between competing ethical frameworks of analysis. The Chevy Malibu exploding gas tank case illustrates a case of asymmetric information and moral hazard. In this circumstance, blindly following economic logic, with poorly understood ethical frameworks, can lead to disastrous outcomes. A pluralist approach provides a three-dimensional viewpoint, and better aligns with Adam Smith's moral sentiments model. 2 Outcomes chapter abstractThis chapter explores the idea that ethics means producing the best outcomes. Individuals in society desire numerous outcomes, including freedom, justice, economic growth, and so on. Various consequentialist theories are examined including ethical egoism, Act and Rule Utilitarianism, neoclassical welfare analysis, and others. The chapter investigates the problems of value and aggregation that are present when using this framework. Jeremy Bentham is a founder of classical Utilitarianism, which seeks to evaluate outcomes using the hedonistic calculus of pleasures and pains. John Stuart Mill elaborates a refined version of this approach. The chapter proceeds develops ideas in historical context and explores their evolution. A critique of these approaches leads to the need for complementary ethical frameworks. 3Duties, Rules, and Virtues chapter abstractIs winning the only thing that values? Non-consequentialist ethical frameworks arise from principles and virtues that direct behavior yet are not motivated by expected outcomes. These moral frameworks are complementary with outcome based ethics and needed for a good society. For example, the Utilitarian approach provides no protection for individual rights. This chapter explores Kantian ethics, natural rights, and other rule-based systems such as the Ten Commandments. It then explores the difficulties with these approaches and concludes with a discussion of virtue-based ethics in various forms: Aristotle, Confucius, Adam Smith, and Deirdre McCloskey. 4Welfare and Efficiency chapter abstractMaximizing the economic surplus is the normative outcome that is said to be desirable for the economy to be "efficient." Supply/demand curves are explained to show how they can be used in normative analysis to demonstrate a Pareto optimal market outcome under ideal conditions. The chapter is designed to draw readers inside the graphs to understand how real people are affected by market prices, whether through the consumer or producer surpluses. The normative economic approach to scarcity is shown to be a powerful philosophical idea, yet readers should not forget that efficiency is an ethically laden concept. This chapter is optional for readers with advanced training in economics. 5Pareto Efficiency and Cost-Benefit Analysis chapter abstractThe standard welfare and efficiency approach is sometimes portrayed as uncontroversial and purely scientific. By contrast, this chapter shows that ethical precepts lie at the heart of these topics. Economists have abandoned the notion that voluntary trades are the only basis for reaching efficiency. Cost-benefit calculations rely on the Kaldor/Hicks formulation of potential Pareto improvements and therefore rely on compulsion. As a result, the Buchanan critique is that costs estimates are always somewhat arbitrary. The Kelo eminent domain case and the Three River Gorges dam in China show that the ethical justification for efficiency relies on moral norms and institutions. Economics cannot be a universal science when background circumstances of institutional frameworks (human rights, free press, free exit, and impartial judiciary) are critical for determining the ethical suitability of cost/benefit analysis. 6Critiques of Welfare as Preference Satisfaction chapter abstractInstrumental views of human welfare conflict with substantive views, particularly in economic development. This chapter explores criticisms of the preference satisfaction approach arising from false beliefs, "polluted" or endogenous preferences, and other factors. If preference satisfaction is a limited measure of human welfare, this leads to different accounting measures of success such as the capabilities approach and the Human Development Index (HDI) of Amartya Sen. It also could imply a role for paternalism in government policies designed to improve substantive measures of well being (e.g., life-expectancy or happiness). The chapter concludes with an appeal for pluralism in evaluating economic outcomes and processes. 7Moral Limits to Markets chapter abstractWhy do societies restrict or ban particular market transactions? In earlier times, "just price" doctrine regulated market activity. Moral limits today arise for at least two distinct reasons (see Michael Sandel): a repugnance at selling particular kinds of goods and services that embody beliefs relating to intrinsic values; and a rejection of market price as an allocation mechanism in particular background circumstances of trade. If intrinsic motivations are important, market prices might crowd out altruistic supply. Considerations of intrinsic value, background circumstances, fairness, duty, and character arise in considering the commodification of bodily organs and other practices, and in arguments for policies such as a living wage, laws against discrimination, and Kantian ethics. Markets are also found to enhance virtues in particular circumstance. 8The Science Behind Adam Smith's Ethics chapter abstractAdam Smith had a profound interest in human sociability. A market economy relies upon self-interested actors, yet economic actors are linked by moral norms that produce self-restraint and trust. This chapter explores the experimental and laboratory evidence for Adam Smith's model. The "Ultimatum game" shows that people routinely incur costs in order to punish others who fail to abide by moral norms. Vernon Smith's "Trust game" shows that moral motive is important in addition to outcomes. Neuroscientists have discovered a mirror-neuron network that mimics fellow-feeling. Paul Zak shows that oxytocin is hormonal basis for social bonding that creates trust and fellow-feeling. Smith's model can be used to explore how and why humans develop a moral conscience, and how moral norms develop and evolve. 9Ethics and the Financial Crisis of 2008 chapter abstractA financial panic originating on Wall Street led to the worldwide Great Recession of 2008. The roots of this severe contraction can be found in views promoting ethical individualism, particularly the notion that greed is good for self and society. The chapter traces these ideas back to Bernard Mandeville in the 18th century, and in the 20th century to Ayn Rand and others, including many financial regulators and legislators. Adam Smith denounced Mandeville, and showed that for the invisible hand to work for society's interests, there must be appropriate institutions to channel self-interest in socially beneficial ways. This is particularly true in financial markets, according to Smith. The ethics of Keynesian economics are also examined, as well as the presence of moral hazard arising from private and government incentives. 10Economic Justice: Process versus Outcomes chapter abstractJustice can be analyzed in different ways, such as through a fair process (procedural justice) or though fair outcomes (distributive justice). Adam Smith was mostly concerned with a fair process, provided by competitive markets. At the same time, he endorsed some measures of distributive justice, such as educational subsidies. When an economic system generates very different outcomes (measured by the gini coefficient), inequality can be a contentious issue. Some inequality is an inevitable or desirable outcome of normal economic behavior. This chapter explores why standard economics moved away from a concern for justice, and instead focused on efficiency. The hypothesis that workers are paid the value of their marginal products continues to hold sway, despite the weakness of its theoretical and empirical foundations. 11Economic Justice: Equal Opportunity chapter abstractProcedural justice may ensure equal treatment of adults who compete on the basis of effort and skill. However, effort and skill both depend upon the foundational capabilities developed early in life and on genetics. Factors beyond someone's control, such as parental achievement or sex, influence the limits of education. Distributive justice might suggest that a focus on equality of opportunity for children is a minimum right of citizenship. John Rawls' arguments of justice as fairness are explored along with its critics. Amartya Sen and Martha Nussbaum's capabilities approach builds on Rawls by exploring the distribution of primary goods, but argues that individual differences must be considered in the matter of opportunity. The chapter concludes with a brief introduction to sustainability and intergenerational justice. 12Ethical Pluralism in Economics chapter abstractPluralism is the recognition that multiple ethical frameworks can help explain the world and inform decision makers. Pluralism has two aspects: the divergence of theories across domains (vertical pluralism) and the divergence of theories within domains (horizontal pluralism). Ethical pluralism guides the conduct of economic research, in which potential market failures exist because of asymmetric information and free rider problems. Moral hazards are in part addressed by moral norms that rely on duty and virtue ethics. A second case explores how Milton Friedman's injunction for corporate managers to maximize profits for the benefit of shareholders relies on the non-consequentialist moral frameworks of duty and virtue. A pluralistic approach to economics develops stronger critical thinking skills to prepare students for careers of leadership.
£105.40
Stanford University Press Ethics in Economics
Book SynopsisEthics in Economics provides an introduction to the ethical systems that underpin economic debates. Jonathan B. Wight considers how outcomes, duties, and virtue work together in economic life to create wealth by addressing moral hazards and building trust.Trade Review"Jonathan Wight's Ethics in Economics is a superb resource for economists and students of economics. It provides a great introduction to the multiple frameworks that influence the ethical thinking of policy-makers, economists, and the human agents who, in their day-to-day interactions, make economies function and malfunction." -- Daniel M. Hausman * University of Wisconsin-Madison *"[T]he book is more than the introductory text that it purports to be. The book has deepened my own reckoning with normative and economic theory, human behavior, and policy adjudication. For the sake of the many students who have passed through my courses over the years, I only wish the book had appeared a decade or two earlier." -- George F. DeMartino * Erasmus Journal for Philosophy and Economics *"Wight has written a very readable and, not least due to the use of illustrative examples and fictional dialogues, highly accessible introduction to ethics in economics for economists and students of economics." -- Andrea Klonschinski * Ethical Theory and Moral Practice *"In this outstanding book, Wight argues that economics is a normative science and that economic ethics necessarily requires all three moral theories (pluralism). The most obvious strength of the book is that the author clearly explains the various schools of thought in both economics and ethics. He also rigorously identifies the various issues that arise within normative economics . . . Highly recommended." -- R.F. White * CHOICE *"Jonathan Wight has produced a sweetly written introduction to ethics for economists—something the economists don't think they need, but do. The crust of 'normative vs. positive' needs Wight's breaking. This book is highly dialogic, bringing students (and faculty) into core debates and resolving them. It is a triumph." -- Deirdre N. McCloskey, Distinguished Professor of Economics and History * University of Illinois at Chicago *"Two centuries after Adam Smith, ethics has been recognized as vital to economics. In this impressive book, Wight draws on sources that range from classical theorists to the very latest neuroscience in order to deftly integrate common moral concerns into an enhanced economics for the twenty-first century. This fast-paced read is a must for economists, policy analysts, and their students." -- Paul J. Zak * Claremont Graduate University and author of The Moral Molecule *Table of ContentsContents and Abstracts1Why Ethics Matters chapter abstractMoral norms arising from virtue and duty ethics complement the standard economic welfare model in helping explain economic outcomes and the operation of economic institutions. Both positive and normative economics are enhanced by a pluralist understanding of ethics as a part of critical thinking. Economic solutions usually involve tradeoffs not only between competing normative values but also between competing ethical frameworks of analysis. The Chevy Malibu exploding gas tank case illustrates a case of asymmetric information and moral hazard. In this circumstance, blindly following economic logic, with poorly understood ethical frameworks, can lead to disastrous outcomes. A pluralist approach provides a three-dimensional viewpoint, and better aligns with Adam Smith's moral sentiments model. 2 Outcomes chapter abstractThis chapter explores the idea that ethics means producing the best outcomes. Individuals in society desire numerous outcomes, including freedom, justice, economic growth, and so on. Various consequentialist theories are examined including ethical egoism, Act and Rule Utilitarianism, neoclassical welfare analysis, and others. The chapter investigates the problems of value and aggregation that are present when using this framework. Jeremy Bentham is a founder of classical Utilitarianism, which seeks to evaluate outcomes using the hedonistic calculus of pleasures and pains. John Stuart Mill elaborates a refined version of this approach. The chapter proceeds develops ideas in historical context and explores their evolution. A critique of these approaches leads to the need for complementary ethical frameworks. 3Duties, Rules, and Virtues chapter abstractIs winning the only thing that values? Non-consequentialist ethical frameworks arise from principles and virtues that direct behavior yet are not motivated by expected outcomes. These moral frameworks are complementary with outcome based ethics and needed for a good society. For example, the Utilitarian approach provides no protection for individual rights. This chapter explores Kantian ethics, natural rights, and other rule-based systems such as the Ten Commandments. It then explores the difficulties with these approaches and concludes with a discussion of virtue-based ethics in various forms: Aristotle, Confucius, Adam Smith, and Deirdre McCloskey. 4Welfare and Efficiency chapter abstractMaximizing the economic surplus is the normative outcome that is said to be desirable for the economy to be "efficient." Supply/demand curves are explained to show how they can be used in normative analysis to demonstrate a Pareto optimal market outcome under ideal conditions. The chapter is designed to draw readers inside the graphs to understand how real people are affected by market prices, whether through the consumer or producer surpluses. The normative economic approach to scarcity is shown to be a powerful philosophical idea, yet readers should not forget that efficiency is an ethically laden concept. This chapter is optional for readers with advanced training in economics. 5Pareto Efficiency and Cost-Benefit Analysis chapter abstractThe standard welfare and efficiency approach is sometimes portrayed as uncontroversial and purely scientific. By contrast, this chapter shows that ethical precepts lie at the heart of these topics. Economists have abandoned the notion that voluntary trades are the only basis for reaching efficiency. Cost-benefit calculations rely on the Kaldor/Hicks formulation of potential Pareto improvements and therefore rely on compulsion. As a result, the Buchanan critique is that costs estimates are always somewhat arbitrary. The Kelo eminent domain case and the Three River Gorges dam in China show that the ethical justification for efficiency relies on moral norms and institutions. Economics cannot be a universal science when background circumstances of institutional frameworks (human rights, free press, free exit, and impartial judiciary) are critical for determining the ethical suitability of cost/benefit analysis. 6Critiques of Welfare as Preference Satisfaction chapter abstractInstrumental views of human welfare conflict with substantive views, particularly in economic development. This chapter explores criticisms of the preference satisfaction approach arising from false beliefs, "polluted" or endogenous preferences, and other factors. If preference satisfaction is a limited measure of human welfare, this leads to different accounting measures of success such as the capabilities approach and the Human Development Index (HDI) of Amartya Sen. It also could imply a role for paternalism in government policies designed to improve substantive measures of well being (e.g., life-expectancy or happiness). The chapter concludes with an appeal for pluralism in evaluating economic outcomes and processes. 7Moral Limits to Markets chapter abstractWhy do societies restrict or ban particular market transactions? In earlier times, "just price" doctrine regulated market activity. Moral limits today arise for at least two distinct reasons (see Michael Sandel): a repugnance at selling particular kinds of goods and services that embody beliefs relating to intrinsic values; and a rejection of market price as an allocation mechanism in particular background circumstances of trade. If intrinsic motivations are important, market prices might crowd out altruistic supply. Considerations of intrinsic value, background circumstances, fairness, duty, and character arise in considering the commodification of bodily organs and other practices, and in arguments for policies such as a living wage, laws against discrimination, and Kantian ethics. Markets are also found to enhance virtues in particular circumstance. 8The Science Behind Adam Smith's Ethics chapter abstractAdam Smith had a profound interest in human sociability. A market economy relies upon self-interested actors, yet economic actors are linked by moral norms that produce self-restraint and trust. This chapter explores the experimental and laboratory evidence for Adam Smith's model. The "Ultimatum game" shows that people routinely incur costs in order to punish others who fail to abide by moral norms. Vernon Smith's "Trust game" shows that moral motive is important in addition to outcomes. Neuroscientists have discovered a mirror-neuron network that mimics fellow-feeling. Paul Zak shows that oxytocin is hormonal basis for social bonding that creates trust and fellow-feeling. Smith's model can be used to explore how and why humans develop a moral conscience, and how moral norms develop and evolve. 9Ethics and the Financial Crisis of 2008 chapter abstractA financial panic originating on Wall Street led to the worldwide Great Recession of 2008. The roots of this severe contraction can be found in views promoting ethical individualism, particularly the notion that greed is good for self and society. The chapter traces these ideas back to Bernard Mandeville in the 18th century, and in the 20th century to Ayn Rand and others, including many financial regulators and legislators. Adam Smith denounced Mandeville, and showed that for the invisible hand to work for society's interests, there must be appropriate institutions to channel self-interest in socially beneficial ways. This is particularly true in financial markets, according to Smith. The ethics of Keynesian economics are also examined, as well as the presence of moral hazard arising from private and government incentives. 10Economic Justice: Process versus Outcomes chapter abstractJustice can be analyzed in different ways, such as through a fair process (procedural justice) or though fair outcomes (distributive justice). Adam Smith was mostly concerned with a fair process, provided by competitive markets. At the same time, he endorsed some measures of distributive justice, such as educational subsidies. When an economic system generates very different outcomes (measured by the gini coefficient), inequality can be a contentious issue. Some inequality is an inevitable or desirable outcome of normal economic behavior. This chapter explores why standard economics moved away from a concern for justice, and instead focused on efficiency. The hypothesis that workers are paid the value of their marginal products continues to hold sway, despite the weakness of its theoretical and empirical foundations. 11Economic Justice: Equal Opportunity chapter abstractProcedural justice may ensure equal treatment of adults who compete on the basis of effort and skill. However, effort and skill both depend upon the foundational capabilities developed early in life and on genetics. Factors beyond someone's control, such as parental achievement or sex, influence the limits of education. Distributive justice might suggest that a focus on equality of opportunity for children is a minimum right of citizenship. John Rawls' arguments of justice as fairness are explored along with its critics. Amartya Sen and Martha Nussbaum's capabilities approach builds on Rawls by exploring the distribution of primary goods, but argues that individual differences must be considered in the matter of opportunity. The chapter concludes with a brief introduction to sustainability and intergenerational justice. 12Ethical Pluralism in Economics chapter abstractPluralism is the recognition that multiple ethical frameworks can help explain the world and inform decision makers. Pluralism has two aspects: the divergence of theories across domains (vertical pluralism) and the divergence of theories within domains (horizontal pluralism). Ethical pluralism guides the conduct of economic research, in which potential market failures exist because of asymmetric information and free rider problems. Moral hazards are in part addressed by moral norms that rely on duty and virtue ethics. A second case explores how Milton Friedman's injunction for corporate managers to maximize profits for the benefit of shareholders relies on the non-consequentialist moral frameworks of duty and virtue. A pluralistic approach to economics develops stronger critical thinking skills to prepare students for careers of leadership.
£26.99
Stanford University Press Contraband Corridor
Book SynopsisTrade Review"Galemba has given us a rare glimpse into everyday life in the shadows along the Mexico–Guatemala border. Her grounded, 'bottom up' account draws much-needed attention to this too often overlooked border while carefully avoiding the alarmism and sensationalism found in popular depictions of cross-border smuggling."—Peter Andreas, Brown University"Contraband Corridor dares to humanize those involved with the trafficking of contraband. This unique ethnography offers an intimate approach to the lives of Mexico-Guatemala border inhabitants and their struggles to survive in neoliberal times. Galemba's landmark book helps readers understand a region where smuggling is conceived as free trade and borders are not walls that divide but pathways for encounters."—R. Aída Hernández Castillo, author of Histories and Stories from Chiapas: Border Identities in Southern Mexico"Taking a fascinating look at the middlemen, customs agents, and residents animating the shadowy world of border control, Contraband Corridor draws us into the Guatemala–Mexico frontier with riveting accounts of what matters to the inhabitants and why it matters, against a backdrop of rapidly shifting geopolitical considerations. Theoretically innovative and ethnographically rich, this powerful book shifts commonly held notions of what it means to sustain border life."—Jennifer Burrell, University at Albany, SUNY"Contraband Corridor is an outstanding contribution to the literature on informal economics in Latin America. Its ethnographic approach humanizes everyday smugglers, challenges the stereotype of the backward and ignorant peasant, and highlights powerful forms of local organization and governance. Taken together [Galemba's] work defies the commonly held notion of the margins as lawless, chaotic, and dangerous. Rather, borders are transgressed, commodities flow, and life goes on sometimes with the unwanted intervention of the state."—James H. McDonald, New York Journal of Books"Contraband Corridor provides an ethnographically rich glimpse into how border communities navigate transnational power dynamics....We recommend Contraband Corridor as insightful reading for scholars, students, and advocates interested in trade, labour, informal and illicit economies, border securitization, and the broader impact of state violence on marginalized communities in the global economy."—Yvette Servin, Rosemary Giron, Diane Martinez, Yareli Pineda, and Katie Dingeman, Border Criminologies"Contraband Corridor is an extremely well-written, carefully observed ethnography that provides a real feel for the life of a border region that President Trump has unfairly characterized as anarchic and scary. Her discussion of the ad hoc methods of border control developed by non-state actors, as well as the different strata of local smugglers, is fascinating."—Howard Campbell, Criminal Law and Criminal Justice"Contraband Corridor is a rich and thoughtful analysis of community dynamics on a part of the Mexico-Guatemala border....Galemba has written an excellent ethnography, rich in detail and content, historically contextualizing each of her arguments."—Jorge Choy-Gómez, PoLARTable of ContentsIntroduction: A Paradise for Contraband? 1. Border Entry and Reentries 2. Documenting National Life 3. Corn Is Food, Not Contraband 4. Taxing the Border 5. Phantom Commerce 6. Inheriting the Border 7. Strike Oil Conclusion: The Illicit Trio: Drugs, Arms, and Migrants
£84.15
University of Pennsylvania Press Are Markets Moral
Book SynopsisTrade Review"Arthur M. Melzer and Steven J. Kautz’s timely and essential collection Are Markets Moral? investigates the morality of markets...a rare book with writings from some of the top thinkers in this field. Melzer and Kautz have successfully assembled a group of thought-provoking scholars who are deeply concerned about the state of our moral souls in a market society." * The Independent Revieew *"A unique collection of essays on morality and the market: no other volume I know of gathers as many different voices or as many concerns with non-Western economies." * Samuel Fleischacker, University of Illinois at Chicago *"Are Markets Moral? is a welcome project of interest not only to scholars and students in fields such as political science, philosophy, business, economics, and law but also to any reader interested in the relationship between capitalism and morality." * Ryan Patrick Hanley, Marquette University *
£40.50
MP-WBK World Bank Group Publ World Development Indicators 2013
Book Synopsis
£20.85
Duke University Press The Invention of Capitalism
Book SynopsisExamines diaries, letters, and the more practical writings of the classical economists. This book argues that these private and practical writings reveal the real intentions and goals of classical political economy - to separate a rural peasantry from their access to land. It talks about the rise of capitalism to its state of world dominance.Trade Review“After reading Michael Perelman's excellent book we see our world in different colors. The origin of market capitalism is the product of strategies pursued to take away from people the conditions for developing alternative ways to live and produce. We also discover that classical political economy has been so instrumental in guiding these strategies. The book leaves us to wonder how the same mechanisms are reproduced today. This critical question pervades the book.”—Massimo De Angelis, University of East London“This study is to be admired for its comprehensiveness, scope, and the amount of unearthing and excavation Perelman provides. The indictment of political economists who addressed themselves to the matter of primitive accumulation is masterful.”—H. T. Wilson, York UniversityTable of ContentsIntroduction: Dark Designs 1. The Enduring Importance of Primitive Accumulation 2. The Theory of Primitive Accumulation 3. Primitive Accumulation and the Game Laws 4. The Social Division of Labor and Household Production 5. Elaborating the Model of Primitive Accumulation 6. The Dawn of Political Economy 7. Sir James Steuart’s Secret History of Primitive Accumulation 8. Adam Smith’s Charming Obfuscation of Class 9. The Revisionist History of Professor Adam Smith 10. Adam Smith and the Ideological Role of the Colonies 11. Benjamin Franklin and the Smithian Ideology of Slavery and Wage Labor 12. The Classics as Cossacks: Classical Political Economy versus the Working Class 13. The Counterattack 14. Notes on Development Conclusion References Index
£89.10
Fordham University Press The Intellectual Origins of the Global Financial
Book SynopsisResponses to the financial crash of 2008 by a unique combination of scholars (primarily economists and political philosophers) and actual players in the world of finance-including from Wall Street, from watchdog nonprofit organizations seeking to monitor Wall Street, and from the U.S. Treasury itself.Trade Review"An important contribution to the discussions about the origins and character of the financial crisis." -- -Jacob Dahl Rendtorff Roskilde University "A novel, intriguing and fruitful angle from which to approach the recent financial crisis." -- -Gary Mongiovi St. John's UniversityTable of ContentsIntroduction: The Burden of Our Times Roger Berkowitz Part I: Hannah Arendt and the Burden of Our Times 1. Imperialism and the Current Financial Crisis Tracy B. Strong 2. No Revolution Required Jerome Kohn 3. Disdain for Politics and the Financial Crisis Antonia Grunenberg Part II: Business Values and The Financial Crisis 4. Capitalism, Ethics, and the Financial Crash David Callahan 5. An Interview with Paul Levy Roger Berkowitz 6. An Interview with Vincent Mai Roger Berkowitz 7. Brazil as a Model? Alexander R. Bazelow 8. Interview with Raymundo Magliano Filho Claudia Perrone-Moises 9. Roundtable: The Burden of Our Times Raymond Baker, Rebecca Berlow, Jack Blum, Zachary Karabel, Thomas Scanlon, and Taun Toay Part III: The Crisis of Economics 10. The Roots of the Crisis Sanjay G. Reddy 11. Where Keynes Went Wrong Hunter Lewis 12. Managed Money, the "Great Recession" and Beyond Dimitri B. Papadimitriou 13. Turning the Economy into a Casino David B. Matias and Sophia V. Burres
£59.40
Fordham University Press The Intellectual Origins of the Global Financial
Book SynopsisResponses to the financial crash of 2008 by a unique combination of scholars (primarily economists and political philosophers) and actual players in the world of finance-including from Wall Street, from watchdog nonprofit organizations seeking to monitor Wall Street, and from the U.S. Treasury itself.Trade Review"An important contribution to the discussions about the origins and character of the financial crisis." -- -Jacob Dahl Rendtorff Roskilde University "A novel, intriguing and fruitful angle from which to approach the recent financial crisis." -- -Gary Mongiovi St. John's UniversityTable of ContentsIntroduction: The Burden of Our Times Roger Berkowitz Part I: Hannah Arendt and the Burden of Our Times 1. Imperialism and the Current Financial Crisis Tracy B. Strong 2. No Revolution Required Jerome Kohn 3. Disdain for Politics and the Financial Crisis Antonia Grunenberg Part II: Business Values and The Financial Crisis 4. Capitalism, Ethics, and the Financial Crash David Callahan 5. An Interview with Paul Levy Roger Berkowitz 6. An Interview with Vincent Mai Roger Berkowitz 7. Brazil as a Model? Alexander R. Bazelow 8. Interview with Raymundo Magliano Filho Claudia Perrone-Moises 9. Roundtable: The Burden of Our Times Raymond Baker, Rebecca Berlow, Jack Blum, Zachary Karabel, Thomas Scanlon, and Taun Toay Part III: The Crisis of Economics 10. The Roots of the Crisis Sanjay G. Reddy 11. Where Keynes Went Wrong Hunter Lewis 12. Managed Money, the "Great Recession" and Beyond Dimitri B. Papadimitriou 13. Turning the Economy into a Casino David B. Matias and Sophia V. Burres
£22.79
Fordham University Press Realizing Capital
Book SynopsisTraces modern rhetorical and ideological connections between finance and psychology first generated in the Victorian period in the journalism of Walter Bagehot and David Morier Evans; the novels of Charles Dickens, George Eliot, and Anthony Trollope; and the critical works of Karl Marx and Sigmund Freud.Trade Review"This highly original and far-reaching book puts Marx and Freud into an exciting new dialogue with the Victorian novel. Kornbluh reads these imposing thinkers as engaged in the same project as the realist novelists, all of them struggling to defamiliarize the frighteningly fictitious character of capital. Offering thrilling new insights into Great Expectations, Middlemarch, and The Way We Live Now, this book culminates in a tour de force reading of Marx's Capital as a Bildungsroman and a radical rethinking of Freud's 'psychic economy.'" -- -Caroline Levine University of Wisconsin, Madison "Realizing Capital is not just about the psychic life of financial capital, about how the mad dance of the capital affects human psyche, and about how Victorian literature from Dickens onwards registered the psychic distortions imposed by the mad circulation of the capital. The underlying premise is a much more radical one: the psychic life of capital, the way individuals experience and fictionalize financial circulation, is a key ingredient of economic reality itself, since the reality of the financial capital is itself structured like a fiction. Although Kornbluh's book deals with Victorian England, it holds a mirror to our era - if you want to understand what goes on today, how a madness like the 2008 meltdown was possible, read Realizing Capital!" -- -Slavoj Zizek University of Ljubljana "By tracing the cultural circulation of two specific tropes - "fictitious capital" and "psychic economy" - Kornbluh makes a compelling argument about the complex figurative ties that bind the realist novel to our understanding of both capitalism and the psyche. This exciting and original book will make us reconsider the novel's cultural work as well as that of its criticism." -- -Mario Ortiz-Robles University of Wisconsin-Madison "'Realizing Capital' should be essential reading for anyone wishing to follow cutting edge work on the form of the Victorian novel." -- -Adela Pinch Studies in English Literature 1500-1900 "...impressively researched, highly inventive, and powerfully driven by original close readings of nineteenth-century fiction and non-fiction." -- -Zarena Aslami Michigan State UniversityTable of ContentsAcknowledgments Introduction: "A Case of Metaphysics": Realizing Capital 1. Fictitious Capital/Real Psyche: Metalepsis, Psychologism, and the Grounds of Finance 2. Investor Ironies in Great Expectations 3. The Economic Problem of Sympathy: Parabasis and Interest in Middlemarch 4. "Money Expects Money": Satiric Credit in The Way We Live Now 5. London, Nineteenth Century, Capital of Realism: On Marx's Victorian Novel 6. Psychic Economy and Its Vicissitudes: Freud's Economic Hypothesis Epilogue: The Psychic Life of Finance Works Cited Notes Index
£35.10
Fordham University Press Realizing Capital
Book SynopsisTraces modern rhetorical and ideological connections between finance and psychology first generated in the Victorian period in the journalism of Walter Bagehot and David Morier Evans; the novels of Charles Dickens, George Eliot, and Anthony Trollope; and the critical works of Karl Marx and Sigmund Freud.
£19.79
CABI Publishing Recreational and Environmental Markets for Forest
Book SynopsisIt is now increasingly recognized that forests have multiple functions, and can provide opportunities for leisure, recreation and tourism, and other environmental benefits, as well as timber. In general, such "public goods" are assumed not to be marketable. However, this book challenges this assumption, and shows how these issues can be tackled from an economics and marketing perspective.The work is based on an EU-funded project, conducted from four university or research centres: Hamburg (Germany), Padua (Italy), Vienna (Austria) and Wageningen (The Netherlands). Many case studies and original surveys are presented from these countries, which provide practical solutions to market these forest enterprises. These empirical data are then related to economic models concerning public goods. This book is relevant to those studying or involved in marketing in the forest tourism, recreation and leisure industries.Table of Contents1: Contracts and Organisations as a Basis of Market Development 2: The reason to analyse economic institutions and a way how to do it 3: Contracts as important formal institutions 4: Product structures, distribution channels and contractual cooperation in different niche markets 5: Transaction costs and their sources in case of offering RES-Products 6: Transaction qualities and their influence on contract design 7: General conclusions 8: Summary 9: Multifunctional Forest Management 10: Project Management for RES-Projects 11: Potential Analysis – a multifunctional forest management tool 12: Land use potential evaluation and multiple land use planning 13: Business Organisation and Accounting Delimitation of Property Rights 14: Basic rights relevant for forest land use in Germany 15: Relevance of forest law for RES-products in Germany 16: Comparative study on access rights in different countries 17: Final reflections and recommendations for German legislation 18: Summary a: Glossary b: Forest Policy Analysis – Evaluation Studies of Public Acceptance c: Public acceptance of RES-products in the Netherlands d: Public acceptance of RES-products in Germany
£131.26
Edward Elgar Publishing Ltd Elgar Companion to Hayekian Economics Elgar
Book SynopsisThe Elgar Companion to Hayekian Economics provides an in-depth treatment of Friedrich August von Hayekâs economic thought from his technical economics of the 1920s and 1930s to his broader views on the spontaneous order of a free society. Taken together, the chapters show evidence both of continuity of thought and of significant changes in focus.Table of ContentsContents List of Contributors Tribute to Norman Barry Martin Rickets 1. Introduction Roger W. Garrison 2. Hayek in the History of Economic Thought Denis O’Brien 3. Hayek and Economic Theory in the 1930s Martin Ricketts 4. Hayek’s Pure Theory of Capital Gerald R. Steele 5. Hayek and Keynes Roger E. Backhouse 6. Hayek and Friedman Roger W. Garrison 7. Hayek and Mises Richard M. Ebeling 8. Hayek and Lachman Peter Lewin 9. Hayek: From Economics as Equilibrium Analysis to Economics as Social Theory Paul Lewis 10. Hayek and Spontaneous Order Craig Smith 11. Hayek on Socialism Mark Pennington 12. Hayek vs. the Neoclassicists: Lessons from the Socialist Calculation Debate Peter J. Boettke, Christopher J. Coyne, Peter T. Leeson 13. Spontaneous Order, Free Trade and Globalization Steven G. Horwitz 14. Hayek on Labor Unions Charles W. Baird 15. Hayek on Economic Policy (the Austrian Road to the Third Way) Enrico Colombato 16. What Remains of Hayek’s Critique of ‘Social Justice’? Twenty Propositions Robert Nef Index
£165.00
Edward Elgar Publishing Ltd A Modern Guide to Keynesian Macroeconomics and
Book SynopsisThis well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics.Trade Review’For more than a decade, most macroeconomists convinced themselves they were witnessing a "Great Moderation". Many Keynesians saw instead the accumulation of a fragility and potential instability that have become dramatically manifest since 2007. The premise of this book is that the financial crisis and Great Recession necessitate a revival of Keynesian macroeconomics, emphasizing the central roles of effective demand, money and finance in modern capitalism. Comprising essays on all aspects of macroeconomic theory and policy, the book will prove invaluable for scholars and graduate students seeking to acquaint themselves with the frontiers of modern Keynesian macroeconomics.’ -- Mark Setterfield, Trinity College’The essays in this book are of the highest quality and give a substantial account of a strand of current heterodox thought.’ -- Victoria Chick, Wirtschaft und GesellschaftTable of ContentsContents: Introduction Eckhard Hein and Engelbert Stockhammer 1. History and Methods of Post-Keynesian Economics Marc Lavoie 2. Money, Credit and Central Banks in Post-Keynesian Economics Marc Lavoie 3. Growth and Income Distribution: A Post-Keynesian Perspective Amitava Krishna Dutt 4. Keynesian Economics and the New Consensus in Macroeconomics Philip Arestis 5. A Post-Keynesian Macroeconomic Model of Inflation, Distribution and Employment Eckhard Hein and Engelbert Stockhammer 6. The Macroeconomics of Unemployment Engelbert Stockhammer 7. Institutions, Aggregate Demand and Cross-Country Employment Performance: Alternative Theoretical Perspectives and the Evidence David R. Howell 8. European Economic and Monetary Union Policies from a Keynesian Perspective Philip Arestis 9. Open Economy Models of Distribution and Growth Robert A. Blecker 10. Globalisation, Macroeconomic Performance and Distribution Özlem Onaran 11. International Monetary and Financial Architecture Hansjörg Herr 12. ‘Financialisation’, Distribution and Growth Eckhard Hein 13. Keynesian Approaches to Financial Crisis Gary A. Dymski Index
£36.05
Edward Elgar Publishing Ltd A Legal Theory of Economic Power
Book SynopsisIn this provocative book Calixto SalomÃo Filho builds a strong case for why economic power cannot be considered a mere market phenomenon. Taking the forgotten realities and effects of these power structures into account, this comprehensive legal analysis persuasively argues the need for a new theory.Table of ContentsContents: Preface 1. A Neo-Structural Legal Perspective to Economic Power Analysis 2. Economic Power Structures: Creation and Existence 3. Power Structures: Dynamics and Behavior 4. Conclusion: From a General Theory of Economic Power to a General Theory of Law? Bibliography Index
£98.00
Edward Elgar Publishing Ltd Creative Industries and Economic Evolution
Book SynopsisThis insightful book offers a new way of looking at the arts, culture and the creative industries from the perspective of evolutionary economics. Topics include creative businesses and labour markets, social networks, innovation processes and systems, institutions, and the role of creative industries in market dynamics and economic growth.Table of ContentsContents: 1. Introduction 2. Cultural Economics vs Economics of Creative Industries 3. Young, Creative and Extremely Rich 4. Evolutionary Economics of Creativity 5. Creativity under Competition and the Overshooting Problem 6. Creative Labour Markets and Signalling 7. Identity Dynamics and Economic Evolution 8. Social Network Markets 9. Creative Industries Over an Innovation Trajectory 10. Fashion and Economic Evolution 11. Capitalism, Socialism and Culture 12. Four Models of the Creative Industries 13. Creative Clusters and Innovation 14. Novelty Bundling Markets 15. Creative Industries and Economic Development 16. Conclusion References Index
£33.20
Edward Elgar Publishing Ltd The Economics of Services Microfoundations
Book SynopsisDespite the fact that services have overtaken industry in terms of employment and GDP in developed countries, rigorous economic study of the service sector remains seriously neglected.Trade ReviewAcclaim for the first edition:‘This is a well-written, provocative book, featuring much new material, original data analyses and interesting insights. Despite the proliferation of books on various aspects of services, there is nothing quite like it around. In particular, examination of the challenges that the growth of services presents to conventional economics is very valuable.’ -- Ian Miles, University of Manchester, UK‘This is an intriguing book that contains many interesting ways of conceptualising service from the perspective of economics. It makes a number of important contributions to the academic literature. It is one of the very few books and it might even be the only book to be written by an economist on the economics of services – it is thus a pioneer work and is of value in that it attempts to bring together the work that economists have done on services.’ -- John Bryson, University of Birmingham, UKTable of ContentsContents: Preface Part I: Introduction 1. Purpose, Definitions and Present Structure of Service Consumption 2. Three Phases in the Development of Service Sector Employment 3. Key Service Characteristics for Economic Analysis Part II: Micro Foundations 4. Adding the Spatial Aspect to Elementary Cost Theory 5. Service Production Costs 6. Service Distribution Costs 7. The Basic Trade-off and Derivation of the Supply-System Cost Function 8. Optimal Charges for Services with the Focus on the User Cost Component 9. Location Patterns and Competition Part III: Driving Forces For and Against the Service Economy 10. Interpreting the Past Development by the Model of Unbalanced Productivity Growth 11. Urbanization and the Emergence Service Markets 12. Transport Motorization, Market Area Enlargement and Urban Sprawl 13. Towards a Self-Service Economy with Edge City Settlers as Prime Movers? Part IV: Public Policy Towards Services 14. Policy for Promotion of Urban Amenities 15. The Overriding Problem of the Modern Welfare State 16. Trust in Economic Growth Cannot Replace Allocation Policy 17. Merit Goods Revisited 18. Towards Allocative Efficiency 1: Reformation of the Resource Allocation Over the Budget 19. Towards Allocative Efficiency 2: Marginal Cost Pricing and Differential Commodity Taxation 20. Towards X-efficiency in Public Service Provision 21. Summary of Policy Recommendations References Index
£115.00
Edward Elgar Publishing Ltd The Coase Theorem Economic Approaches to Law
Book SynopsisThis two-volume collection provides an overview of essential works for understanding one of the most important contributions to the field of law and economics: the Coase Theorem.Trade Review‘For those eager to learn more about the phenomenon that is the Coase theorem, this collection makes an excellent resources, one that exposes the reader to both the grand themes of Coase theorem history and the theoretical minutia that all too often dominated the discussion - but without going overboard on the latter front.'Table of ContentsContents: Volume I: Origins, Restatements and Extensions Acknowledgements Introduction Richard A. Posner and Francesco Parisi PART I THE SOURCES 1. R.H. Coase (1959), ‘The Federal Communications Commission’ 2. R.H. Coase (1960), ‘The Problem of Social Cost’ 3. R.H. Coase (1988), ‘Notes on the Problem of Social Cost’, in ‘The Firm, the Market, and the Law’ PART II THE POSITIVE RESTATEMENTS 4. Harold Demsetz (1964), ‘The Exchange and Enforcement of Property Rights’ 5. George J. Stigler (1966), ‘Costs and Production’ 6. George J. Stigler (1989) ‘Two Notes on the Coase Theorem’ 7. Richard A. Posner (2011), ‘3.6 Incompatible Uses’ from Chapter 3 ‘Property’ in ‘Economic Analysis of Law’ PART III THE NORMATIVE COROLLARIES 8. Guido Calabresi and A. Douglas Melamed (1972), ‘Property Rules, Liability Rules, and Inalienability: One View of the Cathedral’ 9. Ian Ayres and Eric Talley (1995), ‘Solomonic Bargaining: Dividing a Legal Entitlement to Facilitate Coasean Trade’ 10. Louis Koplow and Steven Shavell (1996), ‘Property Rules Versus Liability Rules: An Economic Analysis’ 11. Barbara Luppi and Francesco Parisi (2011), ‘Toward an Asymmetric Coase Theorem’ PART IV COASE THEOREM AND COASEANISM 12. Robert C. Ellickson (1989), ‘The Case for Coase and Against “Coaseanism”’ 13. E. Ray Canterbery and A. Marvasti (1992), ‘The Coase Theorem as a Negative Externality’ 14. Daniel A. Farber (1997), ‘Parody Lost/Pragmatism Regained: The Ironic History of the Coase Theorem’ 15. Deirdre McCloskey (1998), ‘The So-Called Coase Theorem’ 16. Edward Glaeser, Simon Johnson and Andrei Shleifer (2001), ‘Coase Versus the Coasians’ 17. Steven G. Medema (1994), ‘The Myth of Two Coases: What Coase is Really Saying’ PART V THE INTELLECTUAL LEGACY 18. Richard A. Posner (1993), ‘Nobel Laureate: Ronald Coase and Methodology’ 19. Richard A. Epstein (1993), ‘Holdouts, Externalities, and the Single Owner: One More Salute to Ronald Coase’ 20. Guido Calabresi (1991), ‘The Pointlessness of Pareto: Carrying Coase Further’ 21. Stewart Schwab (1989), ‘Review: Coase Defends Coase: Why Lawyers Listen and Economists Do Not’ 22. Fred R. Shapiro (1995-1996), ‘The Most-Cited Law Review Articles Revisited’ 23. R.H. Coase (1996), ‘The Problem of Social Cost: The Citations’ Volume II: Criticisms and Applications Acknowledgements An Introduction by editors to both volumes appears in Volume I PART I SURVEYS AND APPLICATIONS 1. A. Mitchell Polinsky (2011), ‘The Coase Theorem’, ‘First Application-Nuisance Law’, ‘Second Application-Breach of Contract’ and ‘Third Application-Automobile Accidents’ 2. James Halteman (2005), ‘Externalities and the Coase Theorem: A Diagrammatic Presentation’ 3. Robert D. Cooter (1987), ‘Coase Theorem’ 4. Francesco Parisi (2008), ‘Coase Theorem’ PART II COASEAN BARGAINING IN THE SHADOW OF THE LAW 5. Robert C. Ellickson (1986), ‘Of Coase and Cattle: Dispute Resolution Among Neighbors in Shasta County’ 6. Kenneth R. Vogel (1987), ‘The Coase Theorem and California Animal Trespass Law’ 7. Timothy R. Hylan, Maureen J. Lage and Michael Treglia (1996), ‘The Coase Theorem, Free Agency, and Major League Baseball: A Panel Study of Pitcher Mobility from 1961 to 1992’ PART III COASE THEOREM AND THE CONSTITUTION 8. James M. Buchanan (1973), ‘The Coase Theorem and the Theory of the State’ 9. J. Gregory Sidak (1991), ‘The Inverse Coase Theorem and Declarations of War’ PART IV COASE THEOREM AND POLITICAL MARKETS 10. Varouj A. Aivazian, Jeffrey L. Callen and Irwin Lipnowski (1987), ‘The Coase Theorem and Coalitional Stability’ 11. Peter Bernholz (1997), ‘Property Rights, Contracts, Cyclical Social Preferences and the Coase Theorem: A Synthesis’ 12. Peter Bernholz (1999) ‘The Generalized Coase Theorem and Separable Individual Preferences: An Extension’ 13. Francesco Parisi (2003), ‘Political Coase Theorem’ PART V DOES LIABILITY MATTER? COASE THEOREM IN THE LONG-RUN 14. Stanislaw Wellisz (1964), ‘On External Diseconomies and the Government-Assisted Invisible Hand’ 15. G. Warren Nutter (1968), ‘The Coase Theorem on Social Cost: A Footnote’ 16. Guido Calabresi (1968), ‘Transaction Costs, Resource Allocation and Liability Rules – A Comment’ 17. Harold Demsetz (1972), ‘When Does the Rule of Liability Matter?’ 18. Donald H. Regan (1972), ‘The Problem of Social Cost Revisited’ 19. William D. Schulze and Ralph C. D’Arge (1974), ‘The Coase Proposition, Information Constraints and Long-Run Equilibrium’ PART VI OTHER THEORETICAL CRITIQUES 20. Paul Samuelson (1995), ‘Some Uneasiness with the Coase Theorem’ 21. Robert Cooter (1982), ‘The Cost of Coase’ 22. Avinash Dixit and Mancur Olson (2000), ‘Does Voluntary Participation Undermine the Coase Theorem?’ 23. Luca Anderlini and Leonardo Felli (2006), ‘Transaction Costs and the Robustness of the Coase Theorem’ 24. Ken-Ichi Inada and Kiyoshi Kuga (1973), ‘Limitations of the “Coase Theorem” on Liability Rules’ 25. Varouj A. Aivazian and Jeffrey L. Callen (1981), ‘The Coase Theorem and the Empty Core’ 26. A.W. Brian Simpson (1996), ‘“Coase v. Pigou” Reexamined’ PART VII EXPERIMENTAL TESTS OF THE COASE THEOREM 27. Elizabeth Hoffman and Matthew L. Spitzer (1982), ‘The Coase Theorem: Some Experimental Tests’ 28. Glenn W. Harrison and Michael McKee (1985), ‘Experimental Evaluation of the Coase Theorem?’ 29. Elizabeth Hoffman and Matthew L. Spitzer (1986), ‘Experimental Tests of the Coase Theorem with Large Bargaining Groups’ 30. Glenn W. Harrison, Elizabeth Hoffman, E.E. Rutström and Matthew L. Spitzer (1987), ‘Coasian Solutions to the Externality Problem in Experimental Markets’ 31. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’ 32. Varouj A. Aivazian, Jeffrey L. Callen and Susan McCracken (2009), ‘Experimental Tests of Core Theory and the Coase Theorem: Inefficiency and Cycling’
£573.00
Edward Elgar Publishing Ltd The Elgar Companion to Recent Economic
Book SynopsisThis impressive Companion critically examines these advances in methodological thinking, particularly those that are associated with the new research programs which challenge standard economic methodology.Table of ContentsContents: 1. Introduction: The Changing Character of Economic Methodology John B. Davis and D. Wade Hands PART I: ECONOMICS OF BEHAVIOR AND CHOICE 2. Behavioral Economics Floris Heukelom 3. Experimental Economics Ana C. Santos 4. Neuroeconomics and Economic Methodology Don Ross 5. High-Fidelity Economics Anna Alexandrova and Daniel M. Haybron PART II: WELFARE AND MICROECONOMIC POLICY 6. Current Trends in Welfare Measurement Erik Angner 7. Happiness and Experienced Utility Luigino Bruni and Pier Luigi Porta 8. Applied Policy, Welfare Economics, and Mill’s Half-Truths David Colander 9. Economics as Usual: Geographical Economics Shaped by Disciplinary Conventions Uskali Mäki and Caterina Marchionni PART III: COMPLEXITY AND COMPUTATION IN ECONOMICS 10. Computational Economics Paola Tubaro 11. Agent-based Modeling: The Right Mathematics for the Social Sciences? Paul L. Borrill and Leigh Tesfatsion 12. Computing in Economics K. Vela Velupillai and Stefano Zambelli PART IV: EVOLUTION AND EVOLUTIONARY ECONOMICS 13. A Philosophical Perspective on Contemporary Evolutionary Economics Geoffrey M. Hodgson 14. Economics in a Cultural Key: Complexity and Evolution Revisited Kurt Dopfer 15. Heterogeneous Economic Evolution: A Different View on Darwinizing Evolutionary Economics Jack Vromen PART V: MACROECONOMICS 16. Recent Developments in Macroeconomics: The DSGE Approach to Business Cycles in Perspective Pedro Garcia Duarte 17. On the Role of Theory and Evidence in Macroeconomics Katarina Juselius 18. Methodological Issues in Keynesian Macroeconomics Roger E. Backhouse and Bradley W. Bateman 19. The Dismal State of Macroeconomics and the Opportunity for a New Beginning L. Randall Wray PART VI: THE ECONOMICS PROFESSION, THE MEDIA AND THE PUBLIC 20. The Spontaneous Methodology of Orthodoxy, and Other Economists’ Afflictions in the Great Recession Philip Mirowski 21. Invasion of the Bloggers: A Preliminary Study on the Demography and Content of the Economic Blogosphere Tiago Mata Index
£49.35
Edward Elgar Publishing Ltd The Economic Theory of Income Inequality
Book SynopsisProfessor Becker has selected seminal papers covering topics including foundations of income inequality measurement, the social welfare view of inequality and directions for future research on economic inequality.Trade Review‘. . . Like Cowell's collection, this new volume is a treasure trove. It contains classics such as Lorenz's 1905 'Methods of Measuring the Concentration of Wealth' ( - strange how disconcerting it is to see the Lorenz curve, as originally drawn, on a graph with per cent of total wealth along the horizontal axis, and per cent of population along the vertical). It also contains more recent material, including Foster and Wolfson's 2010 article 'Polarization and the Decline of the Middle Class.’Table of ContentsContents: Acknowledgements Introduction Robert A. Becker PART I THE ECONOMICS OF INCOME INEQUALITY MEASUREMENT: AN OVERVIEW 1. James E. Foster (1985), ‘Inequality Measurement’ 2. Joseph Persky (1992), ‘Retrospectives: Pareto’s Law’ PART II THE FOUNDATIONS OF INCOME INEQUALITY MEASUREMENT A. The Lorenz Curve 3. M.O. Lorenz (1905), ‘Methods of Measuring the Concentration of Wealth’ 4. Daniel B. Levine and Neil M. Singer (1970), ‘The Mathematical Relation Between the Income Density Function and the Measurement of Inequality’ 5. Joseph I. Gastwirth (1971), ‘A General Definition of the Lorenz Curve’ 6. N.C. Kakwani (1977), ‘Applications of Lorenz Curves in Economic Analysis’ 7. Rolf Aaberge (2009), ‘Ranking Intersecting Lorenz Curves’ B. The Connection Between Income Inequality and Welfare Economics 8. S. Ch. Kolm ([1969] 2001), ‘The Optimal Production of Social Justice’ 9. Anthony B. Atkinson (1970), ‘On the Measurement of Inequality’ C. Mathematical Foundations of Inequality Theory: Majorization 10. G.H. Hardy, J.E Littlewood and G. Polya (1929), ‘Some Simple Inequalities Satisfied by Convex Functions’ 11. Miodrag Tomic (2010), ‘Gauss’ Theorem Concerning the Centre of Gravity and its Application’ PART III EXTENDING THE KOLM-ATKINSON APPROACH TO INEQUALITY MEASUREMENT 12. A.B. Atkinson (2008), ‘More on the Measurement of Inequality’ 13. Anthony F. Shorrocks and James E. Foster (1987), ‘Transfer Sensitive Inequality Measures’ 14. James Davies and Michael Hoy (1994), ‘The Normative Significance of Using Third-Degree Stochastic Dominance in Comparing Income Distributions’ 15. Dominique Thon and Stein W. Wallace (2004), ‘Dalton Transfers, Inequality and Altriusm’ 16. Ronny Aboudi, Dominique Thon and Stein W. Wallace (2010), ‘Inequality Comparisons when the Populations Differ in Size’ PART IV THE SOCIAL WELFARE VIEW OF INEQUALITY A. The Welfare Approach 17. Amartya Sen (1974), ‘Informational Bases of Alternative Welfare Approaches’ 18. Camilo Dagum (1990), ‘On the Relationship Between Income Inequality Measures and Social Welfare Functions’ 19. Karl Mosler and Pietro Miliere (1996), ‘Inequality Indices and the Starshaped Principle of Transfers’ B. Axiomatics and Inequality Measurement 20. Robert Dorfman (1979), ‘A Formula for the Gini Coefficient’ 21. Dominique Thon (1982), ‘An Axiomatization of the Gini Coefficient’ 22. James E. Foster (1983), ‘An Axiomatic Characterization of the Theil Measure of Income Inequality’ 23. Satya R. Chakravarty (2007), ‘A Deprivation-based Axiomatic Characterization of the Absolute Bonferroni Index of Inequality’ PART V DECOMPOSABLE MEASURES AND GENERALIZED INEQUALITY A. Decomposable Inequality Measures 24. Francis Bourguignon (1999), ‘Decomposable Income Inequality Measures’ 25. A.F. Shorrocks (1980), ‘The Class of Additively Decomposable Inequality Measures’ 26. Anthony F. Shorrocks (1984), ‘Inequality Decomposition by Population Subgroups’ 27. Esfandiar Maasoumi (1978), ‘The Measurement and Decomposition of Multi-Dimensional Inequality’ B. Generalized Gini Indices 28. John A. Weymark (1981), ‘Generalized Gini Inequality Indices’ 29. Shlomo Yitzhaki (1983), ‘On an Extension of the Gini Inequality Index’ C. Axiomatics and Generalized Inequality Measures 30. Frank A. Cowell and Kiyoshi Kuga (1981), ‘Inequality Measurement: An Axiomatic Approach’ 31. Frank A. Cowell and Kiyoshi Kuga (1981), ‘Additivity and the Entropy Concept: An Axiomatic Approach to Inequality Measurement’ D. Multi-Dimensional Inequality Measures 32. A.B. Atkinson and F. Bourguignon (1982), ‘The Comparison of Multi-Dimensioned Distributions of Economic Status’ 33. Kay-Yuen Tsui (1995), ‘Multidimensional Generalizations of the Relative and Absolute Inequality Indices: The Atkinson-Kolm-Sen Approach’ 34. Gleb Koshevoy (1998), ‘The Lorenz Zonotope and Multivariate Majorizations’ PART VI DIRECTIONS FOR FUTURE RESEARCH ON ECONOMIC INEQUALITY 35. Joan-Maria Esteban and Debraj Ray (1994), ‘On the Measurement of Polorization’ 36. James E. Foster and Michael C. Wolfson (2010), ‘Polarization and the Decline of the Middle Class: Canada and the U.S.’
£313.00
The Peterson Institute for International Economics Cooperating with Europes Monetary Union
Book Synopsis
£999.99
The Peterson Institute for International Economics Real Exchange Rates for the Year 2000 54 Policy
Book Synopsis
£15.29
Edward Elgar Publishing Ltd A Modern Guide to the Economics of Happiness
Book SynopsisTable of ContentsContents: 1 Happiness and wellbeing: past foundations, modern evidence and future paths 1 Luigino Bruni, Dalila De Rosa and Alessandra Smerilli 2 What future happiness research? 17 Bruno Frey PART I HISTORICAL AND PHILOSOPHICAL PERSPECTIVES ON THE ECONOMICS OF HAPPINESS 3 Aristotle, eudaimonia, neuroscience and economics 29 Jeffrey Sachs 4 The economics of eudaimonia 46 Maurizio Pugno 5 Felicitas publica : the southern spirit of capitalism 67 Luigino Bruni 6 ‘Naturaliter homo homini amicus est’: economy, happiness and relationships in Aquinas’ thought 95 Paolo Santori PART II METHODS AND POLICY IMPLICATIONS FOR THE ECONOMICS OF HAPPINESS 7 Complexity and wellbeing: measurement and analysis 113 Filomena Maggino and Leonardo Salvatore Alaimo 8 Growth and happiness in China, 1990–2015 129 Richard A. Easterlin, Fei Wang and Shun Wang 9 Economic growth and well-being beyond the Easterlin paradox 162 Francesco Sarracino and Kelsey J. O’Connor PART III EMPIRICAL APPLICATIONS IN THE ECONOMICS OF HAPPINESS 10 The effect of physical activity on subjective well-being: the case for exercise 190 Mario Lucchini, Egidio Riva and Luca Crivelli 11 Standing together: is family a resilience factor for subjective wellbeing? 215 Dalila De Rosa and Matteo Rizzolli 12 Cooperatives and happiness: cross-country evidence on the role of relational capital 243 Luigino Bruni, Dalila De Rosa and Giovanni Ferri 13 The relationship between migrant acceptance and wellbeing: evidence from the Gallup Migrant Acceptance Index 279 Neli Esipova, Julie Ray and Anita Pugliese Index 305
£34.15
Edward Elgar Publishing Ltd AntiBlanchard Macroeconomics
Book SynopsisTrade ReviewAcclaim for the first edition:‘When Emiliano asked me to endorse Anti-Blanchard Macroeconomics, I was a bit taken aback. You can guess why. But I agree with him that we should always question our assumptions, confront them with the facts, and be open to change if the facts dictate it. Questions such as whether we can expect the economy to return to health by itself, whether recessions have permanent adverse effects, whether the interest rate channel of monetary policy works, are essential ones. For the time being, I stand by the conclusions of my textbook, but I am happy and indeed eager to see them challenged.’ -- Olivier J. BlanchardTable of ContentsContents: Presentation to the first edition Mauro Gallegati Preface to the first edition Robert Skidelsky 1. Introduction 2, Blanchard’s AS–AD model 3. The alternative model 4. Blanchard’s “new approach”: the IS–LM–PC model 5. The competing approaches: theory and policy Appendix 1 Labour flexibility and unemployment Appendix 2 Contractionary fiscal policy and fiscal multipliers Appendix 3 On the pandemic trade-off between health and production Index
£27.95
Edward Elgar Publishing Central Banking Monetary Policy and Financial
Book SynopsisThis timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.
£118.75
Edward Elgar Publishing Central Banking and Monetary Policy
Book Synopsis
£109.25
Edward Elgar Publishing Ltd Mengerian Economics
Book SynopsisTrade Review‘Mengerian Economics is an intriguing book that revives, reiterates, extends and broadens Carl Menger’s groundbreaking approach to economics. The chapters expand our understanding of Menger’s work by tracing its origins in philosophy and stimulate new scholarship by showing how his legacy can further illuminate contemporary issues.’ -- Per Bylund, Oklahoma State University, USTable of ContentsContents: Foreword: Menger belongs in a museum x Mateusz Machaj 1 Carl Menger and his philosophical influences 1 Krzysztof Turowski 2 Menger’s untersuchungen and the methodological development of the Austrian School 21 Norbert Slenzok 3 Carl Menger – an unwitting revolutionary? 42 Witold Kwaśnicki† 4 Institutional spontaneity and social cooperation 78 Jakub Bożydar Wiśniewski 5 Debt and the origin of money 87 Przemysław Rapka 6 Bitcoin from Menger’s perspective 106 Łukasz Jasiński 7 Carl Menger’s contribution to capital theory 118 Eduard Braun 8 Technical changes in economic development: selected issues in the context of Austrian economics 141 Robert Ciborowski 9 Perfect competition and an imperfect world: considerations on the gender wage gap in the light of Carl Menger’s theory 155 Alicja Sielska 10 Anticommons: a very brief introduction with selected applications 168 Karol Bolko Zdybel Index 182
£80.00
Edward Elgar Publishing Ltd PostKeynesian Economics for the Future
Book SynopsisThis timely book provides 15 chapters of cutting edge academic work related to Post-Keynesian economics for the future: This includes stock-flow consistent modelling and analyses of the key challenges associated with the economic policies of sustainability.Trade Review‘This book is unique in the sense that it reflects the nascent broadening and transformation of Post Keynesian economics into questions about the contemporary consequences of economic activity and economic policy for the economy as a whole. More now than ever do the insights offered by Keynes as he portended the end of laissez-faire and the possibilities for our grandchildren come to the forefront in this collection of chapters by Jespersen, et al. The traditional divide between micro- and macroeconomics becomes blurred in favor of the distributional and environmental consequences of economic activity in the 21st century; as it should.’ -- Roy Rotheim, Skidmore College, US‘Society urgently needs effective macroeconomic theory and policy addressed to environmental sustainability and social justice, given the limitations of the mainstream macroeconomic approach. This welcome book edited by Jespersen, Olesen and Byrialsen addresses this need. It brings together an innovative and important collection of realist Post-Keynesian research which sets out an alternative approach at the levels of methodology, theory and policy.’ -- Sheila Dow, University of Stirling, UK‘‘This fascinating book by authorities in the field demonstrates the power of Post-Keynesian economic theory to shed light on some very important questions of macroeconomic policy and methodology. The 15 chapters deal convincingly with the Post-Keynesian approach to global warming, to monetary and fiscal policy, and to demand management more generally. Strongly recommended.’ -- John King, La Trobe University, AustraliaTable of ContentsContents: Preface and acknowledgements ix 1 Progressive post-Keynesian economics for the future: an introduction 1 Jesper Jespersen, Finn Olesen and Mikael Randrup Byrialsen PART I SUSTAINABLE DEVELOPMENT AND SFC MODELLING 2 Modelling transition-related shocks in the green economy 9 Andrew Jackson 3 Economic impacts of climate change: an empirical stock-flow consistent model for Viet Nam 25 Etienne Espagne and Thi Thu Ha Nguyen 4 The tensions of the “green transition” for South American economies 49 Sebastian Valdecantos 5 Conventional and unconventional economic policies in an econometric SFC model of the French economy 62 Jacques Mazier and Luis Reyes-Ortiz 6 A quarterly empirical model for the Danish economy: a stock-flow consistent approach 85 Mikael Randrup Byrialsen, Hamid Raza and Sebastian Valdecantos PART II ECONOMIC THEORY AND POLICY IMPLICATION 7 Demand-led growth and macroeconomic policy regimes in the Eurozone: implications for post-pandemic economic policies 108 Eckhard Hein 8 Phillips curves, behavioral economics and post-Keynesian macroeconomics 124 Peter Skott 9 How not to do monetary policy 140 Louis-Philippe Rochon 10 Inflation, monetary policy and the hierarchy of consumer goods 152 Thibault Laurentjoye PART III METHODOLOGY AND THEORY 11 On Keynes’s uncertainty: a tragic rational dilemma 170 Anna Maria Carabelli 12 The Principle of Effective Demand – reconsidered: ‘Anything we can actually do, we can afford’ 185 Jesper Jespersen 13 Lucas, modern macroeconomics and the post Keynesians 198 Finn Olesen 14 The General Theory as a macroeconomics of power 210 Geoff Tily 15 Economics for the future: inspiration from the writings of Karl Polanyi 228 Mogens Ove Madsen Index 242
£105.00
