Economic theory and philosophy Books

Book SynopsisNancy and Richard Ruggles's seminal work on prices has a contemporary relevance for modern-day theorists and practitioners. These carefully selected essays provide a core analysis of pricing systems and the behavior and measurement of prices.Initially, the authors examine pricing systems and the role of prices in the theories of value and income distribution. They examine the theory of marginal cost pricing and the welfare basis of the marginal cost pricing principle before focusing on the problems of measuring price changes over time and space. They also examine the reliability of domestic price statistics and price indices and offer an evaluation of the wholesale price index. They expand this analysis to examine the behavior of prices, costs, wage rates and earnings in the United States economy, placing particular emphasis on inflation between 1950 and 1973 and on price stability and economic growth.This book will be invaluable to academics, statisticians and policymakers with an interest in micreoconomics and pricing.Trade Review'Richard Ruggles, often assisted by Nancy Ruggles, has been a major contributor to national income accounting and to the empirical study of microeconomics and macroeconomics using that and other data. He has focused on the quantitative analysis of actual economic systems in a discipline increasingly preoccupied with abstract pure conceptual models. Like the work of Simon Kuznets and others, Ruggles's analyses encompass an unusually wide range of variables.' -- Warren J. Samuels, Michigan State University, US'[Nancy and Richard Ruggles] were able to state and explain theoretical propositions and debates clearly and accurately, and they skilfully and tellingly brought empirical data to bear. These essays were written between 1940 and 1990 but almost all of them are very relevant to issues of great importance in 2000.' -- From the foreword by James Tobin'They are clearly a classic team that has contributed enormously to national income account analysis over the years. The recent concern about measuring prices and productivity and about the correct indexing for Social Security has brought renewed attention to their work. Every serious economics library should have the volumes.' -- Martin Feldstein, National Bureau of Economic Research, USTable of ContentsContents: Preface Part I: Price Theory 1. The Welfare Basis of the Marginal Cost Pricing Principle 2. Recent Developments in the Theory of Marginal Cost Pricing 3. Discriminatory and Competitive Pricing 4. The Value of Value Theory Part II: Price Measurement 5. The Wholesale Price Index 6. Measuring the Cost of Quality 7. Domestic Price Statistics 8. Redundancy in Price Indexes for International Comparisons 9. Price Indexes and International Price Comparisons 10. The Wholesale Price Index Part III: Price Behavior 11. The Relative Movements of Real and Money Wage Rates 12. The Nature of Price Flexibility and the Determinants of Relative Price Changes in the Economy 13. Price Stability and Economic Growth in the United States 14. Chronic Inflation in the United States, 1950–73 15. The Anatomy of Earnings Behavior 16. The Measurement of the Supply and the Use of Labor Bibliography Index

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Book SynopsisThis book sheds new light on the political economy of public management reform. It examines the new forms of economic decentralization and macroeconomic adjustment, and discusses their implications for policy design and regulation.The authors discuss leading-edge research on public management reform, privatization and decentralization in both industrialized and aid-dependent countries, concentrating on the meso-level of institutional response. Combining theory, case studies and institutional analysis, they focus on issues including public/private partnerships, public finance and aid allocation. The authors also present new ideas on the design of a regulatory framework.This book will be welcomed by academics and researchers working in the fields of development studies, development economics, political economy and international public management as well as policymakers working for government agencies and NGOs in developing countries.Table of ContentsContents: 1. Introduction: Economic Decentralization, Issues of Theory and Policy Part I: Decentralization: Public Management Issues 2. Economic Theories of Decentralization 3. Public–Private Partnerships 4. The Multilateral Institutions and Budget Accountability in Jamaica 5. Public Expenditure Reform without Policy Change 6. Aid, Financial Decentralization and Accumulation under Economic Reforms Part II: Policy and Regulation in Privatizing Systems 7. Informal Regulation 8. Charging for Health Care in Tanzania 9. The Water Industry in England and Wales 10. Management Control, Ownership and Development Index

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Book SynopsisThe Foundations of Monetary Economics presents an authoritative collection of key articles on monetary economics - one of the most contentious areas of economics. David Laidler - who has himself made important contributions - has selected those articles which are essential to an understanding of the origin and development of monetary economics.This important three-volume collection includes classic papers from the late 19th and early 20th centuries but places the emphasis on those papers written in the last half century. Particular weight is given to work that pays explicit attention to money's role in processes of exchange. Topics include the origins of money; cash in advance; overlapping generations and legal restrictions; theories of the demand for money; empirical studies of the demand for money; money, prices and output; money in general equilibrium and disequilibrium; money and clearing markets; credit market effects; monetary explanations of the cycle; money and the Great Depression; money and growth; monetary policy and the price level; rational expectations and monetary policy; central banking; free banking and the new monetary economics.Trade Review'This three-volume set can be strongly recommended, because it will be an authoritative source for all those interested in political economy, monetary policy and the history of monetary thought, who will also benefit from not having to search for many until now dispersed articles, which are not readily accessible in every library.' -- Sergio Rossi, KyklosTable of ContentsContents: Acknowledgements • Introduction Volume I: Part I: The Origins of Money 1. Karl Menger (sic) (1892), ‘On the Origin of Money’ 2. Karl Brunner and Allan H. Meltzer (1971), ‘The Uses of Money: Money in the Theory of an Exchange Economy’ 3. Joseph M. Ostroy (1973), ‘The Informational Efficiency of Monetary Exchange’ 4. Robert A. Jones (1976), ‘The Origin and Development of Media of Exchange’ 5. Armen A. Alchian (1977), ‘Why Money?’ 6. Nobuhiro Kiyotaki and Randall Wright (1989), ‘On Money as a Medium of Exchange’ 7. Toni Gravelle (1996), ‘What is Old is New Again’ Part II: Cash in Advance 8. Robert Clower (1967), ‘A Reconsideration of the Microfoundations of Monetary Theory’ 9. Meir Kohn (1981), ‘In Defense of the Finance Constraint’ Part III: Overlapping Generations and Legal Restrictions 10. Paul A. Samuelson (1958), ‘An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money’ 11. Bennett T. McCallum (1983), ‘The Role of Overlapping-Generations Models in Monetary Economics’ 12. Neil Wallace (1988), ‘A Suggestion for Oversimplifying the Theory of Money’ Part IV: Theories of the Damand for Money 13. F.Y. Edgeworth, Esq., M.A. (1888), ‘The Mathematical Theory of Banking’ 14. A.C. Pigou (1917), ‘The Value of Money’ 15. S.P. Chambers (1934-1935), ‘Fluctuations in Capital and the Demand for Money’ 16. J.R. Hicks (1935), ‘A Suggestion for Simplifying the Theory of Money’ 17. J.C. Gilbert (1953), ‘The Demand for Money: The Development of an Economic Concept’ 18. Milton Friedman (1956), ‘The Quantity Theory of Money-A Restatement’ 19. William J. Baumol (1952), ‘The Transactions Demand for Cash: An Inventory Theoretic Approach’ 20. J. Tobin (1958), ‘Liquidity Preference as Behavior Towards Risk’ 21. Merton H. Miller and Daniel Orr (1966), ‘A Model of the Demand for Money by Firms’ 22. Maurice D. Weinrobe (1972), ‘A Simple Model of the Precautionary Demand for Money’ 23. M.R. Gray and J.M. Parkin (1973), ‘Portfolio Diversification as Optimal Precautionary Behaviour’ 24. Lars E.O. Svensson (1985), ‘Money and Asset Prices in a Cash-in-Advance Economy’ Part V: Empirical Studies of the Demand for Money 25. A.J. Brown (1939), ‘Interest, Prices, and the Demand Schedule for Idle Money’ 26. Allan H. Meltzer (1963), ‘The Demand for Money: The Evidence from the Time Series’ 27. Edgar L. Feige (1967), ‘Expectations and Adjustments in the Monetary Sector’ 28. Michael D. Bordo and Lars Jonung (1990), ‘The Long-Run Behavior of Velocity: The Institutional Approach Revisited’ 29. William A. Barnett, Douglas Fisher and Apostolos Serletis (1992), ‘Consumer Theory and the Demand for Money’ Name Index Volume II: Part I: Money, Prices and Output 1. Knut Wicksell (1907), ‘The Influence of the Rate of Interest on Prices’ 2. R.F. Harrod (1937), ‘Mr. Keynes and Traditional Theory’ 3. J.R. Hicks (1937), ‘Mr Keynes and the “Classics”: A Suggested Interpretation’ 4. Franco Modigliani (1944), ‘Liquidity Preference and the Theory of Interest and Money’ 5. Don Patinkin (1952), ‘Price Flexibility and Full Employment’ Part II: Money in General Equilibrium and Disequilibrium 6. G.C. Archibald and R.G. Lipsey (1958), ‘Monetary and Value Theory: A Critique of Lange and Patinkin’ 7. James Tobin (1969), ‘A General Equilibrium Approach To Monetary Theory’ 8. Robert J. Barro and Herschel I. Grossman (1971), ‘A General Disequilibrium Model of Income and Employment’ 9. P.W. Howitt (1974), ‘Stability and the Quantity Theory’ 10. Axel Leijonhufvud (1973), ‘Effective Demand Failures’ 11. Peter D. Jonson (1976), ‘Money, Prices and Output: An Integrative Essay’ Part III: Money and Clearing Markets 12. Robert E. Lucas, Jr. (1972), ‘Expectations and the Neutrality of Money’ 13. Timothy D. Lane (1990), ‘Costly Portfolio Adjustment and the Short-Run Demand for Money’ Part IV: Credit Market Effects 14. Joseph E. Stiglitz and Andrew Weiss (1981), ‘Credit Rationing in Markets with Imperfect Information’ 15. Ben S. Bernanke and Alan S. Blinder (1988), ‘Credit, Money, and Aggregate Demand’ Part V: Monetary Explanations of the Cycle 16. Irving Fisher (1923), ‘The Business Cycle Largely A “Dance of the Dollar”’ 17. D.H. Robertson (1928), ‘Theories of Banking Policy’ 18. R.G. Hawtrey (1929), ‘The Monetary Theory of the Trade Cycle’ 19. Friedrich A. Von Hayek (1939), ‘Price Expectations, Monetary Disturbances and Malinvestments’ 20. Clark Warburton (1952), ‘The Misplaced Emphasis in Contemporary Business-Fluctuation Theory’ 21. Milton Friedman and Anna J. Schwartz (1963), ‘Money and Business Cycles’ 22. Robert E. Lucas, Jr. (1977), ‘Understanding Business Cycles’ 23. Leland B. Yeager (1986), ‘The Significance of Monetary Disequilibrium’ Part VI: Money and the Great Depression 24. Irving Fisher (1933), ‘The Debt-Deflation Theory of Great Depressions’ 25. Lauchlin Currie (1934), ‘The Failure of Monetary Policy to Prevent the Depression of 1929-32’ 26. Ben S. Bernanke (1983), ‘Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression’ Name Index Volume III: Part I: Money and Growth 1. James Tobin (1965), ‘Money and Economic Growth’ 2. Miguel Sidrauski (1967), ‘Rational Choice and Patterns of Growth in a Monetary Economy’ 3. Joel Fried (1973), ‘Money, Exchange and Growth’ Part II: Money and Welfare 4. Martin J. Bailey (1956), ‘The Welfare Cost of Inflationary Finance’ 5. Harry G. Johnson (1969), ‘Inside Money, Outside Money, Income, Wealth, and Welfare In Monetary Theory’ 6. A. Leijonhufvud (1977), ‘Costs and Consequences of Inflation’ 7. Dwight Jaffee and Ephraim Kleiman (1977), ‘The Welfare Implications of Uneven Inflation’ Part III: Monetary Policy and the Price Level 8. Alfred Marshall (1925), ‘Remedies for Fluctuations in General Prices (1887)’ 9. Irving Fisher (1913), ‘A Remedy for the Rising Cost of Living: Standardizing the Dollar’ 10. Henry C. Simons (1936), ‘Rules Versus Authorities in Monetary Policy’ 11. Milton Friedman (1968), ‘The Role of Monetary Policy’ Part IV: Rational Expectations and Monetary Policy 12. Thomas J. Sargent and Neil Wallace (1976), ‘Rational Expectations and the Theory of Economic Policy’ 13. Edmund S. Phelps and John B. Taylor (1977), ‘Stabilizing Powers of Monetary Policy under Rational Expectations’ 14. Stanley Fischer (1977), ‘Long-Term Contracts, Rational Expectations and the Optimal Money Supply Rule’ 15. Peter Howitt (1981), ‘Activist Monetary Policy under Rational Expectations’ Part V: Central Banking 16. Michael Parkin and Robin Bade (1977), ‘Central-Bank Laws and Monetary Policies: A Preliminary Investigation’ 17. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’ 18. Robert J. Barro and David B. Gordon (1983), ‘A Positive Theory of Monetary Policy in a Natural Rate Model’ 19. Robert J. Barro (1986), ‘Recent Developments in the Theory of Rules Versus Discretion’ 20. Carl E. Walsh (1995), ‘Optimal Contracts for Central Bankers’ 21. Bennett T. McCallum (1995), ‘Two Fallacies Concerning Central-Bank Independence’ 22. Stanley Fischer (1994), ‘Modern Central Banking’ Part VI: Free Banking and the New Monetary Economics 23. Benjamin Klein (1974), ‘The Competitive Supply of Money’ 24. Eugene F. Fama (1980), ‘Banking in the Theory of Finance’ 25. Kevin D. Hoover (1988), ‘Money, Prices and Finance in the New Monetary Economics’ 26. George A. Selgin and Lawrence H. White (1994), ‘How Would the Invisible Hand Handle Money?’ Name Index

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Book SynopsisCommunism has collapsed. Capitalism has rid itself of the competition on which it thrives. But though now victorious, capitalism has become a threat. The future of us all may be shaped by the outcome of the conflict between capitalism as victor and capitalism as threat. Not only in Europe, but also in the US and Japan - and no doubt shortly in the Eastern countries too - the great debate is capitalism versus capitalism. On the one hand is the "neo-American" model based on individual achievement and short-term profits. On the other is the Rhine model practices in Switzerland, Germany, Benelux, Northern Europe and, partly, in Japan. In the Rhine model collective achievement and public concensus are seen as the keys to long-term success. The first is more seductive, the second more effective. These two opposing forms of capitalism are engaged in a war which, like all internal conflicts, involves both secrecy and even hypocrisy. The outcome of this struggle could affect the quality of life on all levels of society. The author of this book aims to provide a synthesis which will force the reader to consider the political and economic issues at stake towards the end of the century.

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Book SynopsisThe unconditional basic income (UBI) has attracted renewed attention in academia, as well as in public discussions in recent years, and much has been written on the possible consequences of a UBI. However, this is the first book focusing on the UBI in Europe that offers empirical research findings. It includes a survey on preferences for a UBI in the EU; an assessment of the political feasibility of a UBI in the EU; field studies in the Netherlands and Scotland; and the findings of laboratory experiments. Presenting contributions from Dutch and international researchers, this book provides scientific answers to the question of whether a UBI is desirable and feasible in Europe.Trade Review“The analysis is very detailed and robust, providing accessible data for anyone wanting to discover the feasibility of a basic income in Europe. The book is particularly useful for those wanting to understand which European nations, and social groups within those countries, are keen on or attracted to the idea of a basic income. The book is also very rich in terms of method … . This is a great text with sublime detail on basic income studies across Europe.” (Brian McDonough, Basic Income Studies, February 24, 2022)“Delsen’s Book provides an insightful collection of studies examining unconditional basic income in terms of its desirability and feasibility in a European context. … the book successfully contributes to a better understanding of unconditional basic income and can help informed, evidence-based policymaking. … Hence, I recommend the reading of this book, particularly for newcomers to the field, and suggest complementing it with some additional investigation of the effects of unconditional basic income.” (Cyrille Francisco, European Journal of Social Security, July 19, 2021)“This book is worth the read and its contents and ideas are fitting well with the current social situation generated by the COVID-19 pandemic. … It is helpful for any student or academic interested in UBI, as well as political decision-makers who want to get an informed perspective on the potential that basic income holds.” (Mircea Gherghina, British Journal of Industrial Relations, Vol. 58 (4), 2020)“Even though the book is focused on European countries, the insights provided through empirical research in the chapters make it a must-read for students, proponents or opponents of UBI, as well as policy makers who are seeking theoretical or practical evidence of the impacts of UBI. … this book provides significant insights into the literature and state of the art in the field of UBI.” (Kruti R. Lehenbauer, Journal of Behavioral and Experimental Economics, Vol. 86, 2020)Table of ContentsUnconditional Basic Income and Welfare State Reform in Representative Democracies.-Individual Preferences for the Unconditional Basic Income in the European Union.-Is a Basic Income Feasible in Europe?.-Exploring Benefits and Costs: Challenges of Implementing Citizen’s Basic Income in Scotland.-Job Search, Employment Capabilities and Well-being of People on Welfare in the Dutch ‘Participation Income’ Experiments.-The Who and the Why? Selection Bias in an Unconditional Basic Income Inspired Social Assistance Experiment.-Experimental Economics: A Test-Bed for the Unconditional Basic Income?.-Experimental and Game Theoretical Analyses of the Unconditional Basic Income.

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Book SynopsisAs Artificial Intelligence (AI) seizes all aspects of human life, there is a fundamental shift in the way in which humans are thinking of and doing things. Ordinarily, humans have relied on economics and finance theories to make sense of, and predict concepts such as comparative advantage, long run economic growth, lack or distortion of information and failures, role of labour as a factor of production and the decision making process for the purpose of allocating resources among other theories. Of interest though is that literature has not attempted to utilize these advances in technology in order to modernize economic and finance theories that are fundamental in the decision making process for the purpose of allocating scarce resources among other things. With the simulated intelligence in machines, which allows machines to act like humans and to some extent even anticipate events better than humans, thanks to their ability to handle massive data sets, this book will use artificial intelligence to explain what these economic and finance theories mean in the context of the agent wanting to make a decision. The main feature of finance and economic theories is that they try to eliminate the effects of uncertainties by attempting to bring the future to the present. The fundamentals of this statement is deeply rooted in risk and risk management. In behavioural sciences, economics as a discipline has always provided a well-established foundation for understanding uncertainties and what this means for decision making. Finance and economics have done this through different models which attempt to predict the future. On its part, risk management attempts to hedge or mitigate these uncertainties in order for “the planner” to reach the favourable outcome. This book focuses on how AI is to redefine certain important economic and financial theories that are specifically used for the purpose of eliminating uncertainties so as to allow agents to make informed decisions. In effect, certain aspects of finance and economic theories cannot be understood in their entirety without the incorporation of AI.Table of ContentsIntroduction to Artificial Intelligence in Economics and Finance Theories.- The Growth Model.- Comparative Advantage.- The Dual-Sector Model.- Dynamic Inconsistency Theory.- The Philipps Curve.- The Laffer Curve.- Adverse Selection.- Moral Hazard.- Creative Destruction.- The Agency Theory.- The Legitimacy Theory and the Legitimacy Gap.- Synopsis: Artificial Intelligence in Finance and Economics Theories.- Index

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Book SynopsisThis book is the result of a multi-year research project led and sponsored by the University of Chieti-Pescara, National Chengchi University, University of Salamanca, and Osaka University. It is the fifth volume to emerge from that international project, held under the aegis of the United Nations Academic Impact in 2020. All the essays in this volume were (virtually) discussed at the University of L’Aquila―as the venue of the 2nd International Conference on Decision Economics, a three-day global gathering of approximately one hundred scholars and practitioners—and were subjected to thorough peer review by leading experts in the field. The essays reflect the extent, diversity, and richness of several research areas, both normative and descriptive, and are an invaluable resource for graduate-level and PhD students, academics, researchers, policymakers and other professionals, especially in the social and cognitive sciences. Given its interdisciplinary scope, the book subsequently delivers new approaches on how to contribute to the future of economics, providing alternative explanations for various socio-economic issues such as computable humanities; cognitive, behavioural, and experimental perspectives in economics; data analysis and machine learning as well as research areas at the intersection of computer science, artificial intelligence, mathematics, and statistics; agent-based modelling and the related. The editors are grateful to the scientific committee for its continuous support throughout the research project as well as to the many participants for their insightful comments and always probing questions. In any case, the collaboration involved in the project extends far beyond the group of authors published in this volume and is reflected in the quality of the essays published over the years.

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Book SynopsisThis book is Volume I of a two-volume set on antitrust policy, analyzing the economic efficiency and moral desirability of various tests for antitrust legality, including those promulgated by US and EU antitrust law. The overall study consists of three parts. Part I (Chapters 1-8) introduces readers to the economic, moral, and legal concepts that play important roles in antitrust-policy analysis. Part II (Chapters 9-16) analyzes the impacts of eight types of conduct covered by antitrust policy and various possible government responses to such conduct in terms of economic efficiency, the securing of liberal moral rights, and the instantiation of various utilitarian, non-utilitarian-egalitarian, and mixed conceptions of the moral good. Part III (Chapters 17-18) provides detailed information on US antitrust law and EU competition law, and compares the extent to which—when correctly interpreted and applied—these two bodies of law could ensure economic efficiency, protect liberal moral rights, and instantiate various morally defensible conceptions of the moral good. This first volume contains Part I and the first two chapters of Part II of the overall study—the two chapters that focus on oligopolistic and predatory conduct of all kinds, respectively. The book will appeal to undergraduate and graduate students of economics and law who are interested in welfare economics, antitrust legality and the General Theory of the Second Best.Table of ContentsPart I: Basic Concepts and Analytic Protocols.- Part II: The Morally-Relevant Effects of Specific Categories of Antitrust-Policy-Coverable Conduct and the Ability of Government to Secure Better Options.

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Book SynopsisThis Fourth Edition updates the "Solutions Manual for Econometrics" to match the Sixth Edition of the Econometrics textbook. It adds problems and solutions using latest software versions of Stata and EViews. Special features include empirical examples replicated using EViews, Stata as well as SAS. The book offers rigorous proofs and treatment of difficult econometrics concepts in a simple and clear way, and provides the reader with both applied and theoretical econometrics problems along with their solutions. These should prove useful to students and instructors using this book.Table of ContentsWhat Is Econometrics?.- A Review of Some Basic Statistical Concepts.- Simple Linear Regression.- Multiple Regression Analysis.- Violations of the Classical Assumptions.- Distributed Lags and Dynamic Models.- The General Linear Model: The Basics.- Regression Diagnostics and Specification Tests.- Generalized Least Squares.- Seemingly Unrelated Regressions.- Simultaneous Equations Model.- Pooling Time-Series of Cross-Section Data.- Limited Dependent Variables.- Time-Series Analysis.

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Book SynopsisThis book unifies and extends the definition and measurement of economic efficiency and its use as a real-life benchmarking technique for actual organizations. Analytically, the book relies on the economic theory of duality as guiding framework. Empirically, it shows how the alternative models can be implemented by way of Data Envelopment Analysis. An accompanying software programmed in the open-source Julia language is used to solve the models. The package is a self-contained set of functions that can be used for individual learning and instruction. The source code, associated documentation, and replication notebooks are available online. The book discusses the concept of economic efficiency at the firm level, comparing observed to optimal economic performance, and its decomposition according to technical and allocative criteria. Depending on the underlying technical efficiency measure, economic efficiency can be decomposed multiplicatively or additively. Part I of the book deals with the classic multiplicative approach that decomposes cost and revenue efficiency based on radial distance functions. Subsequently, the book examines how these partial approaches can be expanded to the notion of profitability efficiency, considering both the input and output dimensions of the firm, and relying on the generalized distance function for the measurement of technical efficiency. Part II is devoted to the recent additive framework related to the decomposition of economic inefficiency defined in terms of cost, revenue, and profit. The book presents economic models for the Russell and enhanced graph Russell measures, the weighted additive distance function, the directional distance function, the modified directional distance function, and the Hölder distance function. Each model is presented in a separate chapter. New approaches that qualify and generalize previous results are also introduced in the last chapters, including the reverse directional distance function and the general direct approach. The book concludes by highlighting the importance of benchmarking economic efficiency for all business stakeholders and recalling the main conclusions obtained from many years of research on this topic. The book offers different alternatives to measure economic efficiency based on a set of desirable properties and advises on the choice of specific economic efficiency models.Table of ContentsChapter 1: Introduction.- Chapter 2: Conceptual background: firms’ objectives, decision variables and economic efficiency.- Part I.- Chapter 3: Shephard’s input and output distance functions: cost and revenue efficiency decompositions.- Chapter 4: The generalized distance function (GDF): Profitability efficiency decomposition.- Part II.- Chapter 5: The Russell Measures: Economic Inefficiency Decompositions.- Chapter 6: The Weighted Additive Distance Function (WADF): Economic inefficiency decompositions.- Chapter 7: The enhanced Russell graph measure (ERG=SBM): economic inefficiency decompositions.- Chapter 8: The directional distance function (DDF): economic inefficiency decompositions.- Chapter 9: The Hölder distance functions: economic inefficiency decompositions.- Chapter 10: The loss distance function: economic inefficiency decompositions.- Chapter 11: The modified directional distance function (MDDF): economic inefficiency decompositions.- Chapter 12: The reverse directional distance function (RDDF): economic inefficiency decompositions.- Chapter 13: A unifying framework for decomposing economic inefficiency: The general direct approach and the standard and flexible reverse approaches.- Chapter 14: A final overview: economic efficency models and properties.- Bibliography.- Subject Index.- Author Index.

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Book SynopsisThis book presents the 2020 Digital Platform Economy Index (DPE Index). The DPE Index integrates two separate but related literatures on ecosystems, namely, the digital ecosystem and the entrepreneurial ecosystem. This new framework situates digital entrepreneurship within the broader context of users, platforms, and institutions, such that two biotic entities (users and agents) actuate individual agency, and two abiotic components (digital infrastructure and digital platforms) form the external environment. The DPE Index framework includes 12 pillars that integrate the digital and the entrepreneurship ecosystems. Here, the authors report on the DPE Index, the four sub-indices, and the 12 pillar values for 116 countries as well as provide a cluster analysis based on the 12 pillars.Table of ContentsChapter 1. Introduction.- Chapter 2. The concept of the platform-based ecosystem: The digital platform economy.- Chapter 3. From concept to measurement: The 12 pillars and their measurement.- Chapter 4. The Digital Platform Economy Index: Country rankings and clustering.- Chapter 5. Improving the digital platform economy: Policy suggestions.- Chapter 6. Summary and conclusion.

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Book SynopsisThis book presents different topics related to innovation, complexity, uncertainty, modeling and simulation, fuzzy logic, decision-making, aggregation operators, business and economic applications, among others. The chapters are the results of research presented at the International Workshop "Innovation, Complexity and Uncertainty in Economics and Business", held in Barcelona, in November 2019, by The Ibero-American Network for Competitiveness, Innovation and Development (REDCID in Spanish) and the Royal Academy of Economic and Financial Sciences (RACEF in Spanish). These papers are useful for junior and senior researchers in the area of economics and business.Table of ContentsUncertainty characterizations, typologies and related notions in times of changeCynthia M. Montaudon-Tomas; Ingrid N. Pinto-López Mexico and the challenges of achieving the 2030 Sustainable Development Goals Ingrid N. Pinto-López; Cynthia M. Montaudon-Tomas; Anna M. Gil-Lafuente Leadership and employees’ satisfaction in contemporary organizations Montserrat Crespi-Vallbona; Xavier Llopart Perez; Sefa Boria-Reverter; Oscar Mascarilla-Miró Design of an Employer Branding model Mª Luisa Rayón; Marina Romeo; Montserrat Yepes-Baldó; Sefa Boria-Reverter Investment evaluation proposal with fuzzy tools. Case Molecular Immunology Center Onailis Oramas Santos; Lourdes Souto Anido; Maritza Ortiz Torres Performance Evaluation Procedure based on Fuzzy Mathematics and OWA Operators. Lourdes Souto Anido The fit between corporate entrepreneurship and innovation in the organizational performance through SHRM Montserrat Salvans Blanch; Anna M. Gil-Lafuente; M. Luisa Sole Moro; Sefa Boria Reverter Procedure for the selection of international markets. Application in the Cement Business Group of Cuba Irene García Rondón; Alicia Vitale Alfonso; Zamir Cobas Customer satisfaction at the Roc Presidente Hotel Thais Zamora Molina; Dr. José Manuel Pozo Rodríguez; Omar Marrero Salgueiro The Internationalization in The Learning of The Accounting Profession. Use of The Kahoot As A Teaching Tool for Learning M. Pilar Curós Vilá; Elisa Isabel Cano Montero; Julián Chamizo González; Jordi Martí Pidelaserra An input of fuzzy logic to sustainable tourism: a case from Brazil Luciano Barcellos de Paula; Anna María Gil-Lafuente; Daniela F. Alvares A bibliometric study of key journals in corporate social responsibility Verónica Pizarro; José M. Merigó; Leslier Valenzuela; Sebastián Aciares A bibliometric review of decision models in uncertainty between 1990 and 2018 Luciano Barcellos de Paula; Iván de La Vega; Anna M. Gil-Lafuente Data Driven Business Model: A Strategy for Transparency in the Sharing Economy. A bibliometric overview Carolina Luis Bassa; Thibisay González Rodríguez Application of the Forgotten Effects Theory to the Qualitative Analysis of the Operational Risk Events Agustín Torres Martínez; Anna María Gil Lafuente; Aras Keropyan; José M. Merigó Lindahl Business Informality: An Application of the Forgotten Effects Model Marlene Rocío Moscoso Quiceno; Sonia Elena Godoy Hortua Adaptation of grocery stores to the post-COVID-19 environment. The case of Barcelona Emili Vizuete-Luciano; Sefa Boria-Reverter; Maria Luisa Solé-Moro; Anna Maria Gil-Lafuente

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Book SynopsisThis book aims to contribute to the discussion about the implications of fuzzy logic, neural networks, digital era, and other intelligent techniques on organizations. This book will be very useful for academic researchers and postgraduate students aiming to introduce themselves to the field of quantitative techniques for overcoming uncertain environments and developing models to make decisions. Developments in other theories and socioeconomic and computational changes have shed light on the importance of fuzzy applications in social sciences. The treatment of uncertainty in the economic and business analysis is fundamental and requires instruments compatible with the uncertain environment of economics and business, because most of the traditional models have been overtaken by this reality when trying to make decisions with uncertain information. In the face of information technology, digitization, and uncertainty, organizations confront new opportunities and challenges. In order to take advantage of these opportunities and overcome current and future challenges, it is needed to understand the evolution of these phenomenon.Table of ContentsWavelet entropy and complexity analysis of cryptocurrencies dynamics.- The Use of Fuzzy Decoupled Net Present Value in pepper production.- The effect of energy prices on Mexican households’ consumption.- How to Cope with Complexity in Decision-Making: an Application of Fuzzy Qualitative Comparative Analysis in the Triage Process.- ESG risk disclosure and earning timelines in the Mexican capital market using fuzzy logic regression.- The Digital Taxation Adoption and its Impact on Income Tax in Mexico (2010-2020).

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Book SynopsisInspired by his lectures on rhetoric and by game theory, this book provides a new interpretation of Adam Smith’s system of thought. It highlights its coherence through the identification of three reasoning routines and a meta-reasoning routine throughout his work on languages, rhetoric, moral sentiments, self-command, and the nature and causes of the wealth of nations. The identification of these reasoning routines allows the authors to uncover a hitherto poorly understood deep structure of Smith’s work and to explain its main characteristics. How these routines emerged in Smith’s early research on the principles of the human mind is also traced. This book sheds new light on Adam Smith and his work, highlighting his sophisticated understanding of strategic interaction in all things rhetorical, moral, and economic. It will be relevant to students and researchers interested in the history of ideas, the history of economic thought, game theory, Enlightenment studies, and rhetoric.Trade Review“This collection of essays offers an interpretation of Smith’s thought that is particularly informed by Smith’s conception of rhetoric and by game theory. It is undoubtedly the claim to show that Smith’s social science is better and more clearly understood via the vehicle of game theory that will attract attention … . it is highly commendable for its extensive documentation of, and close engagement with, much extant Smith scholarship … .” (Tony Aspromourgos, Journal of the History of Economic Thought, May 8, 2023)Table of ContentsIntroduction.- Chapter 1: Schumpeter’s Assessment of Adam Smith and The Wealth of Nations: Why He Got It Wrong.- Chapter 2: Adam Smith's Rhetorical Strategy in The Wealth of Nations, against the Commercial System of Great Britain.- Chapter 3: The Nature and Causes of Corporate Negligence, Sham Lectures, and Ecclesiastical Indolence: Adam Smith on Joint-Stock Companies, Teachers, and Preachers.- Chapter 4: Self-Command in Adam Smith's Theory of Moral Sentiments. A Game-Theoretic Reinterpretation_Chapter 5: A Game-theoretic Re-evaluation of Adam Smith's Wealth of Nations.- Chapter 6: Adam Smith’s economics and the Lectures on Rhetoric and Belles Lettres: the language of commerce.- Chapter 7: Adam Smith's Reasoning Routines, The Deep Structure of His Oeuvre, and Why It Turned out the Way It Did.- Chapter 8: Open questions.

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Book SynopsisThe University of Chicago has been and continues to be one of the most important global centres for economics. With six chapters on themes in Chicago economics and 33 chapters on the lives and work of Chicago economists, this volume shows how economics became established at the University, how it produced some of the world’s best-known economists, including Frank Knight, Milton Friedman and Robert Lucas, and how it remains a global force for the very best in teaching and research in economics. With original contributions from a stellar cast, this volume provides economists – especially those interested in macroeconomics and the history of economic thought – with an in-depth analysis of Chicago economics.Table of ContentsPart I: Themes in Chicago Economics.- 1: The Department of Economics at the University of Chicago, 1947–1982.- 2: Economic History in Departments of Economics: The Case of the University of Chicago, 1892 to the Present.- 3: International Economics at Chicago.- 4: Chicago Political Economy, and Its Virginia Cousin.- 5: The Cowles Commission at the University of Chicago, 1939–1955.- 6: Information at Chicago.- Part II: Some Chicago Economists.- 7: James Laurence Laughlin (1850-1933).- 8: Thorstein Veblen (1857-1929).-9: Frank H. Knight (1885-1972).- 10: Lloyd W. Mints (1888-1989).- 11: Paul H. Douglas (1892-1976).- 12: Jacob Viner (1892-1970).- 13: Henry Schultz (1893-1938).-14: Margaret Gilpin Reid (1896-1991).- 15: Henry Calvert Simons (1899-1946).- 16: Aaron Director (1901-2004).- 17: Theodore W. Schultz (1902-1998).- 18: Mary Jean Bowman (1908-2002). 19: George J. Stigler (1911-1991).- 20: Milton Friedman (1912-2006).- 21: Lloyd A. Metzler (1913-1980).- 22: Berthold F. Hoselitz (1913-1995).- 23: H. Gregg Lewis (1914-1992).- 24: D. Gale Johnson (1916-2003).- 25: Albert E. Rees (1921-1992).- 26: Merton H. Miller (1923-2000).- 27: Harry G. Johnson (1923-1977).- 28: Arnold C. Harberger (1924-).- 29: George S. Tolley (1925-2021).- 30: Robert W. Fogel (1926-2013).- 31: Arnold Zellner (1927-2010).- 32: Gary S. Becker (1930-2014).- 33: Robert E. Lucas, Jr. (1937-).- 34: Sherwin Rosen (1938-2001).- 35: Richard A. Posner (1939-). 36: Eugene F. Fama (1939-).- 37: James J. Heckman (1944-).- 38: Richard Thaler (1945-). 39: Lars Peter Hansen (1952-).

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Book SynopsisThis book continues the ongoing debate about the need for alternative, interdisciplinary and heterodox approaches to teaching economics at university. It deals with challenges currently faced by economists, pursues an interdisciplinary approach to enhance collaboration with academics from disciplines other than economics, and analyses several questions and issues related to the 2007-08 financial crisis and the current Covid-19 emergency. The Covid pandemic has shown the flaws of the current neoliberal model and the inability of mainstream economic theory to address the problems created by the pandemic. The book engages with an academic audience interested in incorporating a wider range of economic approaches in their research and teaching, and with undergraduate and postgraduate economics students who are trying to understand the limitations of their current economics syllabi. The novelty of the book is the active involvement of undergraduate and postgraduate students who contribute to this volume with three chapters. The book will be of interest to a wide range of researchers, students and teachers interested in interdisciplinary and heterodox economics.Table of Contents1. Introduction: the financial crisis, the Covid pandemic and the future of economics. By Abdullah Yusuf, Carlo Morelli and Omar Feraboli, University of Dundee.- 2. COVID-19 and the Future of Higher Education. By Abdullah Yusuf, University of Dundee, Mehdi Chowdhury, Bournemouth University, and Ian Roache, University of Dundee.- 3. Assessing the education needs of the Rohingya refugees and the impacts of COVID-19. By Roberta Dumitriu, University of Dundee.- 4. COVID-19 and economic development in sub-Saharan Africa: has the pandemic taught us anything we didn't already know?. By Kevin Deane, Julia Chukwuma and Lorena Lombardozzi, Open University.- 5. Covid 19: A comparison of equality-promoting policy-responses related to education across Europe. By Daniela Tavasci and Luigi Ventimiglia, Queen Mary University of London.- 6. What is opportunity cost?. By Martin Jones, University of Dundee.- 7. Labour Rights, Full Employment, and a Dynamic Market Economy. By Morris Altman, University of Dundee.- 8. An Analysis on the State of Economics Education in Scottish Universities. By Louis Bryson, University of Dundee.- 9. Experiences and Reflections on being taught undergraduate economics. By Emma Madill, Stoyanka Stoimenova, Louis Bryson, University of Dundee.- 10. Post-Crash Economics: What are the implications of the 2007 crisis for the teaching of economics?. By Omar Feraboli, University of Dundee.

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Book SynopsisDiese biographische Studie nimmt das Leben Walter Euckens in den Blick, eines der bedeutendsten Ökonomen des 20. Jahrhunderts. Er hat mit Kollegen aus der Rechtswissenschaft die Tradition der Freiburger Ordnungsökonomik begründet. Seine Erkenntnisse zu den Funktionsbedingungen einer freiheitlichen Wirtschafts- und Sozialordnung, die Wettbewerb und Menschenwürde in den Mittelpunkt stellt, wurden ideelle Grundlage für die Soziale Marktwirtschaft in Deutschland. Dieses Lebensbild Euckens stützt sich auf einen beträchtlichen Teil seiner nachgelassenen Korrespondenz. Er war in einen großen Familien-, Freundes-, Kollegen- und Schülerkreis eingebunden. Als wirtschaftswissenschaftlicher Lehrer und Forscher war er ein unangepasster Denker, der eigene Wege bahnte. Im Rahmen der Freiburger Kreise engagierte er sich im Widerstand gegen die NS-Diktatur. In den Nachkriegsjahren wirkte er in der Politikberatung und plädierte vehement für den ordnungspolitischen Kurs der Freiburger Schule.

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Book SynopsisDas im heutigen Berufsalltag so wichtige und allgegenwärtige „treffsichere Umgehen“ mit mathematischen Methoden und Modellen setzt voraus, dass Studierende die relevanten Werkzeuge kennen und verstehen, sie auswählen und anwenden sowie erzielte Ergebnis (auf Plausibilität) prüfen, bewerten und je nach Bedarf auf andere Fragestellungen transferieren bzw. zum Problemlösen einsetzen können. Ausgehend von der Schulmathematik vermitteln die Autoren dem Leser diese berufsrelevanten Fertigkeiten didaktisch hervorragend und gut zugänglich. Dabei ist jedes Kapitel neben vielen Aufgaben mit Lösungen mit einem Eingangs- und einem Ausgangstest versehen, um eine effiziente Lernkontrolle zu ermöglichen.Trade Review“… Das Buch erklärt Mathematik verständlich und eröffnet durch die besondere Art der Darstellung und Vermittlung einen leichteren Zugang … Umfangreiches Online-Zusatzmaterial erweitert die Möglichkeiten des Wissenserwerbs und der vertiefenden Übungen ...” (Controller Magazin, Jg. 43, Heft 2, März 2018)“... Ob Gleichungen und Funktionen, lineare Algebra, Differenzial- und Integralrechnung, Finanzmathematik, Statistik oder Wahrscheinlichkeitsrechnung: Alles wird gut verstandlich und mit Blick auf die ökonomische Praxis erklärt ...” (STUDIUM buchmagazin für studierende, 2017)Table of ContentsEinleitung.- Modellieren und Argumentieren – Wie wir eine reale Fragestellung für die Bearbeitung mit mathematischen Werkzeugen zugänglich machen und lösen können.- Rechnen mit reellen Zahlen.- Gleichungslehre – Wie wir unbekannte Größen berechnen können.- Elementare reelle Funktionen.- Differenzialrechnung für Funktionen einer Variablen – Wie wir das Verhalten von wirtschaftswissenschaftlichen Funktionen erkennen und deuten können.- Integralrechnung.- Differenzialrechnung für Funktionen mit mehreren Variablen – Wie wir das Verhalten von wirtschaftswissenschaftlichen Funktionen erkennen und deuten können, wenn mehrere unabhängige Größen im Spiel sind.- Lineare Algebra.- Finanzmathematik.- Deskriptive Statistik.- Wahrscheinlichkeitsrechnung - Wie wahrscheinlich sind bestimmte Ereignisse?.- Schließende Statistik - Was in der Stichprobe gilt, muss noch lange nicht in der Grundgesamtheit gelten.

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Book SynopsisContractual Relations is a critique of the theoretical, doctrinal and practical foundations of the entire law of contract. It argues that resolution of the inadequacies of the classical law of contract, and of the welfarist response to the classical law, requires recognition of the social relational nature of exchange and contract.Trade ReviewIts themes will resonate with a range of audiences, including private law theorists of all varieties, anyone struggling to identify the relational character of contract law and reconcile it with current judicial practice, and those wishing to gain a better understanding of the role of contract law in supporting a market economy, and why the current law, despite appearances, often fails in this endeavour. * CATHERINE MITCHELL, Journal of Law and Society *Table of ContentsPart 1: Introduction: Economic Exchange and Legal Contract 1: Choice, Mutual Advantage in Exchange, and Freedom of Contract 2: Exchange, Relational Contract, and Mutual Recognition Part 2: The Relational Constitution of the Law of Contract 3: The Relational Constitution of Agreement (1): From Caveat Emptor to Caveat Venditor 4: The Relational Constitution of Agreement (2): Business Efficacy and Good Faith 5: The Relational Constitution of Bargain (1): Formalism, Substance and Good Faith in Consideration 6: The Relational Constitution of Bargain (2): Procedure and Fairness in Consideration 7: The Relational Constitution of Bargain (3): Fairness in Legislation and Common Law 8: The Relational Constitution of Remedy (1): Performance and Expectation 9: The Relational Constitution of Remedy (2): Literal Enforcement as a Substitute for Damages 10: The Spectrum of Contracts: Presentiation and Adjustment Part 3: Conclusion: The Nature of Economic Action and the Nature of the Law of Contract 11: Absolute Knowledge of the Law of Contract 12: The Maximalist Welfare State, Inchoate Communism, and Betterment

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Book SynopsisNeoclassical economical theory uses aspects of perfect functioning of markets as part of its basic assumptions and introduces imperfections as analysis proceeds forward. Many types of heterodox economics insist on dealing with imperfect competition but project backwards to a previous perfect state. In Capitalism, Anwar Shaikh demonstrates that most of the central propositions of economic analysis can be derived without any reference to hyperrationality, optimization, perfect competition, perfect information, representative agents or so-called rational expectations. These include the laws of demand and supply, the determination of wage and profit rates, technological change, relative prices, interest rates, bond and equity prices, exchange rates, terms and balance of trade, growth, unemployment, inflation, and long booms culminating in recurrent general crises. In every case, Shaikh''s theory is applied to modern empirical patterns and contrasted with neoclassical, Keynesian, and Post Keynesian approaches to the same issues. The object of analysis is the economics of capitalism, and economic thought on the subject is addressed in that light. This is how the classical economists, as well as Keynes and Kalecki, approached the issue. Anyone interested in capitalism and economics in general can gain a wealth of knowledge from this ground-breaking text.Trade ReviewThis book is a remarkable achievement, and there is a great deal to be learned from it. * John E. King, The Economic and Labour Relations Review *Table of ContentsPART I. FOUNDATIONS OF THE ANALYSIS ; 1. Introduction ; 2. Turbulent Trends and Hidden Structures ; 3. Microfoundations and Macro Patterns ; 4. Production and Costs ; 5. Exchange, Money, and Price ; 6. Capital and Profit ; PART II. REAL COMPETITION ; 7. The Theory of Real Competition ; 8. Debates on Perfect and Imperfect Competition ; 9. Competition and Interindustrial Relative Prices ; 10. Competition, Finance, and Interest Rates ; 11. International Competition and the Theory of Exchange Rates ; PART III. TURBULENT MACRODYNAMICS ; 12. The Rise and Fall of Modern Macroeconomic ; 13. Classical Macrodynamics ; 14. The Theory of Wages and Unemployment ; 15. Modern Money and Inflation ; 16. Growth, Cycles, and Crises ; 17. Summary and Conclusions

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Book SynopsisTrade Review"Important and elegantly written."--Jason Zweig, Wall Street Journal "The End of Theory holds some important lessons for financial markets today... According to Bookstaber, it's time to stop tweaking a 150-year-old model that seems to be getting worse, not better, at predicting crises, and embrace something totally new. Finally, and perhaps most usefully, he challenges the economics profession itself, where too many experts still have way too much faith in their own mathematical infallibility."--Rana Faroohar, Financial Times "The analysis is top-notch, and anyone who wants to understand the workings of the financial system will benefit from reading this book."--The EconomistTable of ContentsI: Introduction 1 1 Crises and Sunspots 3 2 Being Human 14 II: The Four Horsemen 23 3 Social Interactions and Computational Irreducibility 25 4 The Individual and the Human Wave: Emergent Phenomena 34 5 Context and Ergodicity 40 6 Human Experience and Radical Uncertainty 50 7 Heuristics: How to Act Like a Human 65 III: Paradigm Past And Future 79 8 Economics in Crisis 81 9 Agent-Based Models 94 10 Agents in the Complexity Spectrum 108 IV: Agent-Based Models For Financial Crises 125 11 The Structure of the Financial System: Agents and the Environment 127 12 Liquidity and Crashes 144 13 The 2008 Crisis with an Agent-Based View 157 V: The End Of Theory 169 14 Is It a Number or a Story? Model as Narrative 171 15 Conclusion 185 Acknowledgments 191 Notes 193 References 211 Index 221

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Book SynopsisOffering a unique picture of recent developments in a range of non-conventional theoretical approaches in economics, this book introduces readers to the study of Analytical Political Economy and the changes within the subject. Includes a wide range of topics and theoretical approaches that are critically and thoroughly reviewedContributions within the book are written according to the highest standards of rigor and clarity that characterize academic workProvides comprehensive and well-organized surveys of cutting-edge empirical and theoretical work covering an exceptionally wide range of areas and fieldsTopics include macroeconomic theories of growth and distribution; agent-based and stock-flow consistent models; financialization and Marxian price and value theoryInvestigates exploitation theory; trade theory; the role of expectations and animal spirits' on macroeconomic performance as well as empirical research in Marxian economicsTable of Contents1. Analytical Political Economy 1Roberto Veneziani and Luca Zamparelli 2. Taking Stock: A Rigorous Modelling of Animal Spirits in Macroeconomics 5Reiner Franke and Frank Westerhoff 3. The Agent-Based Approach to Post Keynesian Macro-Modeling 39Corrado Di Guilmi 4. Stock-Flow Consistent Macroeconomic Models: A Survey 63Michalis Nikiforos and Gennaro Zezza 5. Heterodox Theories of Economic Growth and Income Distribution:A Partial Survey 103Amitava Krishna Dutt 6. Endogenous Technical Change in Alternative Theories of Growth and Distribution 139Daniele Tavani and Luca Zamparelli 7. Minsky Models: A Structured Survey 175Maria Nikolaidi and Engelbert Stockhammer 8. Financialization and Investment: A Survey of the Empirical Literature 207Leila E. Davis 9. Quantitative Empirical Research in Marxist Political Economy: A Selective Review 237Deepankar Basu 10. Value, Price, and Exploitation: The Logic of the Transformation Problem 269Simon Mohun and Roberto Veneziani 11. A Progress Report on Marxian Economic Theory: On the Controversies in Exploitation Theory Since Okishio (1963) 307Naoki Yoshihara 12. South–South and North–South Economic Exchanges: Does it Matter who is Exchanging What and with Whom? 339Omar S. Dahi and Firat Demir Index 381

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Book SynopsisUsing innovative methods that link monetary values to historical wrongs, William Darity Jr and A. Kirsten Mullen assess the literal and figurative costs of justice denied in the 155 years since the end of the Civil War and offer a detailed roadmap for an effective reparations program.

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Book SynopsisThis new edition of Women and Economics highlights the importance of Charlotte Perkins Gilman as a leading public intellectual of the Progressive Era. It contains Gilman's most influential economic analysis, including her signature idea that the relationship between men and women is at core 'sexuo-economic.' Gilman applies ideas and techniques from evolutionary science to the study of marriage and the family. Her highly original approach reveals that female dependency is not a natural but rather a cultivated phenomenon. Women and Economics proposes wide-reaching social and economic reforms that were radical at the time and, as numerous twenty-first-century feminist economists continue to argue, are yet to be achieved today.Related literary works by Gilman and historical documents allow readers to situate Gilman's ideas in relation to larger debates concerning labour relations, the family, and women's role in society.Trade Review“Anyone interested in women’s incisive—but still often overlooked—contributions to the history of economic and social thought will profit from this informative edition of Women and Economics. Well researched and reader-friendly, it situates Gilman’s classic within broader historical contexts, while demonstrating its astounding relevance for contemporary debates about gendered and economic inequality. Comprehensive additional material testifies to Gilman’s versatility and productivity as a writer and thinker, inviting modern readers to rediscover the value of literary texts for social analysis. This edition is not only an enlightening contribution to the growing corpus of works on women’s intellectual history, struggles, and defiance—it also provides inspiration for rethinking economic relations in the twenty-first century.” — Joanna Rostek, University of Giessen“This beautifully curated collection offers a modern window into the mind of a pioneering feminist. Charlotte Perkins Gilman succumbed, at least partially, to the racial biases of her era. She was, nonetheless, one of the most creative and versatile thinkers of her day—an inspiration to the burgeoning field of feminist economics.” — Nancy Folbre, University of Massachusetts AmherstTable of ContentsAcknowledgementsIntroductionCharlotte Perkins Gilman: A Brief ChronologyA Note on the TextsWomen and Economics: A Study of the Economic Relation Between Men and Women as a Factor in Social EvolutionSelected Poems from In This Our World and Other Poems The Rock and the Sea Heaven Where Memory Sleeps What Then? Baby Love For Us We, as Women To the Young Wife Mother to Child The Survival of the Fittest An Obstacle The Cart before the Horse The Poor Ye Have Always with You Waste Nationalism Selections from Suffrage Songs and Verses The Socialist and the Suffragist The Malingerer The Anti-Suffragists The Anti and the Fly Women Do Not Want It Song for Equal Suffrage Something to Vote ForAppendix A: Socialism, Feminism, Humanism 1. Charlotte Perkins Gilman, Masculine, Feminine, and Human, Woman's Journal (9 July 1892) 2. Charlotte Perkins Gilman, Women as a Class,Impress (7 November 1894) 3. Charlotte Perkins Gilman, When Socialism Began, American Fabian (November 1897) 4. Charlotte Perkins Gilman, Socialism and Patriotism, American Fabian (May 1898) 5. From Charlotte Perkins Gilman, Economic Basis of the Woman Question, Woman's Journal (1 October 1898) Appendix B: Early Reviews of Women and Economics in the United States and Abroad 1. Women and Economics, by Charlotte Perkins Stetson, Book Buyer (1 March 1898) 2. Women and Economics, Literary World (24 December 1898) 3. Mabel Hurd, Women and Economics, Political Science Quarterly (December 1899) 4. Women and Economics, Independent (26 January 1899) 5. Advertisement for Women and Economics, Living Age (30 September 1899) 6. From Women and Economics, The Bookman [London] (September 1899) 7. From Vernon Lee, The Economic Dependence of Women, North American Review (July 1902) Appendix C: Women, Work, and the Home 1. Penalizing Parenthood, Independent (20 March 1913) 2. The Edgell Case: May a Married Woman Be a Teacher? Independent (8 May 1913) 3. The Case of the Teacher Mothers, Outlook (6 December 1913) Appendix D: Nineteenth-Century Sociological Thought 1. From William Graham Sumner, What Social Classes Owe to Each Other (1883) 2. From Lester Frank Ward, Dynamic Sociology of Applied Social Science (1883) Works Cited and Select Bibliography

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Book Synopsis“It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” – from The Theory of Money and CreditOriginally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money.One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth:“The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’”“The best book on money ever written.” —Murray Rothbard, economist and historian“The greatest economist of the twentieth century.” —Sandeep Jaitly, economist

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Book SynopsisIt is a serious mistake to think that all we need for a just world is properly-structured organizations. But it is equally wrong to believe that all we need are virtuous people. Social structures alter people's decisions through the influence of the restrictions and opportunities they present. Does buying a shirt at the local department store create for you some responsibility for the workplace welfare of the women who sewed it half a planet away? Many people interested in justice have claimed so, but without identifying any causal link between consumer and producer, for the simple reason that no single consumer has any perceptible effect on any of those producers. Finn uses a critical realist understanding of social structures to view both the positive and negative effects of the market as a social structure comprising a long chain of causal relations from consumer/clerk to factory manager/seamstress. This causal connection creates a consequent moral responsibility for consumers and society for the destructive effects that markets help to create. Clearly written and engaging, this book is a must-read for scholars involved with these moral issues.Trade ReviewFinn succeeds in advancing a compelling theory of consumer moral agency and pushes the discipline of Christian ethics forward with constructive engagements with proponents of critical realism. * Studies in Christian Ethics *Table of ContentsIntroduction Part I: Our Situation 1. Understanding Our Individualistic Cultural Bias 2. Why Economics Sees Markets Individualistically 3. Are Consumers Responsible for Injustices a World Away? Part II: Critical Realism 4. Critical Realism and Natural Science 5. Social Structures 6. Power 7. The Market as a Social Structure Part III: Implications 8. Sinful Social Structures 9. Economic Ethics in a Stratified World 10. What Can Be Done about Market Injustice? Conclusion Bibliography Index About the Author

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