Economic theory and philosophy Books

Book SynopsisWhat explains the "triumph of capitalism"? Why do people so often respond positively to discussions favoring it while shutting down arguments against it? Overwhelmingly theories regarding capitalism's resilience have focused on individual choice bolstered by careful rhetorical argumentation. In this penetrating study, however, Catherine Chaput shows that something more than choice is at work in capitalism's ability to thrive in public practice and imagination--more even than material resources (power) and cultural imperialism (ideology). That "something," she contends, is market affect. Affect, says Chaput, signifies a semi-autonomous entity circulating through individuals and groups. Physiological in nature but moving across cultural, material, and environmental boundaries, affect has three functions: it opens or closes individual receptivity; it pulls or pushes individual identification; and it raises or lowers individual energies. This novel approach begins by connecting affect to rhetorical theory and offers a method for tracking its three modalities in relation to economic markets. Each of the following chapters compares a major theorist of capitalism with one of his important critics, beginning with the juxtaposition of Adam Smith and Karl Marx, who Set the agenda not only for arguments endorsing and critiquing capitalism but also for the affective energies associated with these positions. Subsequent chapters restage this initial debate through pairs of economic theorists--John Maynard Keynes and Thorstein Veblen, Friedrich Hayek and Theodor Adorno, and Milton Friedman and John Kenneth Galbraith--who represent key historical moments. In each case, Chaput demonstrates, capitalism's critics have fallen short in their rhetorical effectiveness. Chaput concludes by exploring possibilities for escaping the straitjacket imposed by these debates. In particular she points to the biopolitical lectures of Michel Foucault as offering a framework for more persuasive anticapitalist critiques by reconstituting people's conscious understandings as well as their natural instincts.

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Book SynopsisThis volume is part of an ongoing partnership between the Research in Management Consulting book series and the Socio?Economic Institute for Firms and Organizations (ISEOR), located in Ecully, France, on the outskirts of Lyon. The socio?economic approach to management (SEAM) provides a pathway to creating more engaged, more responsible and responsive, and more productive organizations. In many respects this volume reflects a culmination of ISEOR’s work, drawing together Henri Savall and Veronique Zardet’s insights and framing them in the context of strategy creation and, just as if not more important, strategy implementation. This volume casts SEAM in the context of strategy development and implementation. Reflecting on the changing nature of work and the workplace, the potential power of—and need to develop and build on—human potential has never been greater. Savall and Zardet have always thought that the Western concept of human resources was misguided, that people are not a resource to use up but rather a source of potential to invest in, develop, and nurture. People bring their potential to the organizations in which they work—and it is their choice as to whether they will apply it in their jobs. Thus, a core managerial challenge is to create an environment in which that potential can be maximized. SEAM?based strategy builds on this premise, developing an approach to economic and social performance, providing direction as to how managers can create and implement strategies that enhance organizational effectiveness and efficiency. As Savall and Zardet argue, strategic vision does not have to be limited by constraints in the external environment—companies “are not compelled to enter in a `strategic’ tunnel” that mimics the competition and the market. Instead, companies can experience breakthroughs, turning constraints into opportunities by unleashing their internal energy, power, and cohesion, working and succeeding as a team. The SEAM approach to strategy is grounded in innovation and creation far more than imitation—and, as convincingly illustrated in the volume, that creativity can be self?financed through the value?added created by the elimination of organizational dysfunctions and the hidden costs they generate. The volume provides an insightful guide for enhancing economic and social performance, with a useful mixture of specific tools and techniques—grounded in a conceptual view of organizational life—interspersed throughout that illustrate how it can be done.Table of ContentsPreface, Anthony F. Buono. Foreword, Serge Pasquier. Introduction. Framing the SEAM Methodology. Part I: Renewal Of Strategic Analysis And Decision. The Micro? and Macroeconomic Stakes of Strategy. The Visible and Hidden Phenomena in Strategic Analysis. Part II: The Socio?Economic Strategy Concept. Socio?Economic Strategy Foundations. Socio?Economic Strategy. Strategic Socio?Economic Diagnosis: Indicators. Developing Socio?Economic Strategy. Part III: The Strategy Litmus Test: Implementation, Assessment, Adjustment. Implementing Socio?Economic Strategy. Strategy Implementation. The Assessment of Strategic Achievements. Strategic Bedrock Theory and the Cohesion Leverage Effect. General Conclusions. Appendix I: History of the Socio?Economic Strategy Concept. Appendix II: Socio?Economic Strategy of Companies. Appendix III: Assessment Scale of the Socio?Economic (SEAM) Strategy Criteria. References. About the Authors.

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Book SynopsisThis volume is part of an ongoing partnership between the Research in Management Consulting book series and the Socio-Economic Institute for Firms and Organizations (ISEOR), located in Ecully, France, on the outskirts of Lyon. The socio?economic approach to management (SEAM) provides a pathway to creating more engaged, more responsible and responsive, and more productive organizations. In many respects this volume reflects a culmination of ISEOR’s work, drawing together Henri Savall and Veronique Zardet’s insights and framing them in the context of strategy creation and, just as if not more important, strategy implementation. This volume casts SEAM in the context of strategy development and implementation. Reflecting on the changing nature of work and the workplace, the potential power of—and need to develop and build on—human potential has never been greater. Savall and Zardet have always thought that the Western concept of human resources was misguided, that people are not a resource to use up but rather a source of potential to invest in, develop, and nurture. People bring their potential to the organizations in which they work—and it is their choice as to whether they will apply it in their jobs. Thus, a core managerial challenge is to create an environment in which that potential can be maximized. SEAM?based strategy builds on this premise, developing an approach to economic and social performance, providing direction as to how managers can create and implement strategies that enhance organizational effectiveness and efficiency. As Savall and Zardet argue, strategic vision does not have to be limited by constraints in the external environment—companies “are not compelled to enter in a `strategic’ tunnel” that mimics the competition and the market. Instead, companies can experience breakthroughs, turning constraints into opportunities by unleashing their internal energy, power, and cohesion, working and succeeding as a team. The SEAM approach to strategy is grounded in innovation and creation far more than imitation—and, as convincingly illustrated in the volume, that creativity can be self?financed through the value?added created by the elimination of organizational dysfunctions and the hidden costs they generate. The volume provides an insightful guide for enhancing economic and social performance, with a useful mixture of specific tools and techniques—grounded in a conceptual view of organizational life—interspersed throughout that illustrate how it can be done.Table of ContentsPreface, Anthony F. Buono. Foreword, Serge Pasquier. Introduction. Framing the SEAM Methodology. Part I: Renewal Of Strategic Analysis And Decision. The Micro? and Macroeconomic Stakes of Strategy. The Visible and Hidden Phenomena in Strategic Analysis. Part II: The Socio?Economic Strategy Concept. Socio?Economic Strategy Foundations. Socio?Economic Strategy. Strategic Socio?Economic Diagnosis: Indicators. Developing Socio?Economic Strategy. Part III: The Strategy Litmus Test: Implementation, Assessment, Adjustment. Implementing Socio?Economic Strategy. Strategy Implementation. The Assessment of Strategic Achievements. Strategic Bedrock Theory and the Cohesion Leverage Effect. General Conclusions. Appendix I: History of the Socio?Economic Strategy Concept. Appendix II: Socio?Economic Strategy of Companies. Appendix III: Assessment Scale of the Socio?Economic (SEAM) Strategy Criteria. References. About the Authors.

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Book SynopsisThe microeconomic foundation of the theory of money has long represented a puzzle to economic theory. Why is there Money? derives the foundations of monetary theory from advanced price theory in a mathematically precise family of trading post models. It has long been recognized that the fundamental theoretical analysis of a market economy is embodied in the Arrow-Debreu-Walras mathematical general equilibrium model, with one great deficiency: the analysis cannot accommodate money and financial institutions. In this groundbreaking book, Ross M. Starr addresses this problem directly, by expanding the Arrow-Debreu model to include a multiplicity of trading opportunities, with the resultant endogenous derivation of money as the carrier of value among them. This fundamental breakthrough is achieved while maintaining the Walrasian general equilibrium price-theoretic structure, augmented primarily by the introduction of separate bid and ask prices reflecting transaction costs. The result is foundations of monetary theory consistent with and derived from modern price theory. This fascinating book will provide a stimulating and thought-provoking read for academics and postgraduate students focusing on economics, macroeconomics, macroeconomic policy and finance, money and banking. Central bankers will also find much to interest them within this book. Contents: Introduction: Why is There No Money? 1. Why is There Money? 2. An Economy Without Money 3. The Trading Post Model 4. An Elementary Linear Example: Liquidity Creates Money 5. Absence of Double Coincidence of Wants is Essential to Monetization in a Linear Economy 6. Uniqueness of Money: Scale Economy and Network Externality 7. Monetization of General Equilibrium 8. Government-Issued Fiat Money 9. Efficient Structure of Exchange 10. Microfoundations of Jevons's Double Coincidence Condition 11. Commodity Money Equilibrium in a Convex Trading Post Economy 12. Efficiency of Commodity Money Equilibrium 13. Alternative Models 14. Conclusion and a Research Agenda Bibliography IndexTrade Review‘Starr’s brilliant little volume is the latest of a long line of attempts to integrate money and price (general equilibrium) theory. Within 160 pages and 14 dense chapters, the author synthesizes forty years of careful and painstaking research. He sets them against the background not only of the tradition inaugurated by Walras and carried on by Pareto, Hicks, Patinkin, Samuelson, Clower, Hahn, Kyotaki and Wright (to name but a few) but also of the no-less famous conflict between trust and authority at the origin of money (Frankel, 1977). Hence, and before discussing Starr’s trading post model, it seems not out of place to recall briefly the analytical history of these two central riddles in monetary theory.’ -- > Œconomia - History/Methodology/Philosophy‘This book makes compelling reading for anyone interested in exploring the foundations of monetary theory from a rigorous general equilibrium perspective.’ -- Gabriele Camera, Purdue University, US‘Introducing the Arrow-Debreu-Starr model of monetary general equilibrium, Professor Starr provides the best defense ever made for the relevance of the Walrasian model to the pure theory of money. While most monetary theorists ventured to the overlapping generations model and then to the search model, only to create recently a hybrid search-Walrasian model, Starr presents the culmination of a patient, career-long effort to integrate money into the basic Walrasian model, with realistic taxation critically helping the government’s money to dominate.’ -- Dror Goldberg, Bar Ilan University, IsraelTable of ContentsContents: Introduction: Why is There No Money? 1. Why is There Money? 2. An Economy Without Money 3. The Trading Post Model 4. An Elementary Linear Example: Liquidity Creates Money 5. Absence of Double Coincidence of Wants is Essential to Monetization in a Linear Economy 6. Uniqueness of Money: Scale Economy and Network Externality 7. Monetization of General Equilibrium 8. Government-Issued Fiat Money 9. Efficient Structure of Exchange 10. Microfoundations of Jevons’s Double Coincidence Condition 11. Commodity Money Equilibrium in a Convex Trading Post Economy 12. Efficiency of Commodity Money Equilibrium 13. Alternative Models 14. Conclusion and a Research Agenda Bibliography Index

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Book SynopsisThe central focus of this book is the relationship between money, the sphere of production, and the State.It explores how best to adapt the fundamental ideas of the circulationist perspective to achieve a better understanding of the financialisation of the production processes within contemporary capitalist economies. Importantly, the expert contributors illustrate that the true challenge ahead is to address how these new emerging forms can be eventually tamed, a challenge that the recent financial crisis has forcefully proven essential.This book will prove an illuminating read for scholars and researchers in the heterodox economics domain.Contributors: R. Bellofiore, H. Bougrine, V. Chick, M. Cingolani, E. Correa, S. Dow, T. Ferguson, M. Forstater, A. Girón, C. Gnos, R. Johnson, M. Lavoie, W.C. Marshall, E. Nell, L.-P. Rochon, M. Seccareccia, J. Smithin, B. Vallageas, G. Vidal, L.R. WrayTable of ContentsContents: Preface Warren Mosler Selected Publications of Alain Parguez 1. Alain Parguez’s Contribution to Political Economy Louis-Philippe Rochon and Mario Seccareccia PART I: MONEY AND THEORY OF THE MONETARY CIRCUIT 2. The State, the Central Bank and the Monetary Circuit Marc Lavoie 3. A Historical Perspective on the Theory of the Monetary Circuit: From Schumpeter to Parguez Claude Gnos 4. Time of Production, Time of Circulation and Turnover Time: Exploring the Guts of Marx’s Circuits of Capital Mathew Forstater 5. Credit Creation, the Monetary Circuit and the Formal Validity of Money John Smithin 6. Is There Room for Bulls, Bears and States in the Circuit? L. Randall Wray PART II: MONEY, BANKS AND FINANCIAL CRISIS 7. When Wolves Cry ‘Wolf’: Systemic Financial Crises and the Myth of the Danaid Jar Thomas Ferguson and Robert Johnson 8. Financial Institutions and the State: A Re-examination Victoria Chick and Sheila Dow 9. Basel III and the Strengthening of Capital Requirement: The Obstinacy in Mistake or Why ‘it’ Will Happen Again Bernard Vallageas 10. Rethinking Banking Institutions in Contemporary Economies: Are There Alternatives to the Status Quo? Hassan Bougrine and Mario Seccareccia 11. Financial Flows and Mexico’s Disintegrated Spaces of Production Gregorio Vidal and Wesley C. Marshall PART III: MONEY, PUBLIC FINANCES AND ROLE OF THE STATE 12. Public Expenditure and Deficits: The Emerging Countries’ Financial Circuits and Crises Eugenia Correa and Alicia Girón 13. The End of the Innocence: The True Nature of the Euro Crisis, and the Alternative Based on Minsky’s Socialization of the Economy and Parguez’s Good Deficits Riccardo Bellofiore 14. The Monetary Conditions for Growth: Parguez’s Debt Stability Condition Massimo Cingolani 15. A Contribution to the Macroeconomics of Public Goods and Externalities Edward Nell Index

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Book SynopsisSir Edwin Chadwick (1800-1890) is hardly a household name among economists, although he is a well-known hero to sanitation engineers and utilitarian social reformers. His brilliant and cunning ideas relating to contemporary economic policy are illuminated for the first time in this pioneering study. The authors detail Chadwick's sophisticated conceptions of moral hazard, common pool problems, asymmetric information, and theory of competition, all of which differ starkly from those promulgated by Adam Smith and other classical economists. Also examined are Chadwick's views on government versus market role in dealing with problems created by natural monopoly, and whether some or all market problems justify government regulation or alterations of property rights. The authors investigate Chadwick's utilitarian approach to labor, business cycles, and economic growth, contrasting his modern view with those of his classical economic contemporaries. Chadwick's enormous output and cutting-edge methods undoubtedly establish him as an original and trenchant thinker in economic matters as well as a prophetic voice on contemporary issues in economics. This unique look at his less familiar research will interest academic regulatory economists, sociologists, students and scholars of law and economics, and all those interested in the fundamentals of social reform.Trade Review'Economists owe a great debt to Ekelund and Price for making us aware of Edwin Chadwick's seminal contributions. Chadwick lived in the middle of the 19th century, but he anticipated many of the theoretical and practical advances that culminated in the law and economics revolution of the late 20th century. These include Coase's analysis of social cost and Demsetz's proposal for franchise bidding in natural monopolies. Read the summary of Chadwick's ideas about railroads and consider that Britain adopted many of them but only more than a century later (while the US continues to wallow in ignorance). The book is full of similar examples where Chadwick's prescience is extraordinary. Economists, legal scholars and practitioners, especially those working at the intersection of law and economics, will want to read this book.' --Sam Peltzman, University of Chicago, USTable of ContentsContents: Preface Part I: Introduction 1. Who was Edwin Chadwick? 2. Chadwick’s Modernity Part II: The Regulation of Markets 3. Managing Contracts: A Means to Social Welfare 4. Railways: The National Franchising Alternative 5. Urban Externalities: Funeral and Burial Markets Part III: Law, Sociology, and Economics 6. Chadwick on Labor, Education, and the Business Cycle 7. Criminal Justice Institutions, Police, and the Common Pool 8. The Economics of Sanitation and the Utilitarian Agenda 9. If Markets Fail: Chadwick and Contemporary Society Bibliography Index

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Book SynopsisAlthough the relationship between fairness and the economic concept of efficiency is usually cast as an adversarial one, this collection demonstrates the robust and diverse ways in which economics engages - and cannot avoid engaging - with fairness. This title contains papers presenting positive analyses of fairness preferences and beliefs, which are fundamental means through which fairness matters for economic models and then turns to normative analysis and the broad question of how law should reconcile fairness and efficiency considerations. It presents a sampling of legal and policy applications in which both fairness and efficiency considerations prove important.Trade Review‘A growing literature probes the relationship between fairness and economic analysis, including work by luminaries such as Arrow and Sen. Fairness in Law and Economics provides an invaluable collection of the key papers on fairness by economists and legal scholars. This volume would be a great starting point for anyone interested in the field.’ -- Daniel A. Farber, University of California at Berkeley, USTable of ContentsContents: Acknowledgements Introduction Lee Anne Fennell and Richard H. McAdams PART I FAIRNESS PREFERENCES AND CONSEQUENCES: POSITIVE ANALYSIS A Fairness Preferences and Beliefs 1. Matthew Rabin (1993), ‘Incorporating Fairness into Game Theory and Economics’ 2. Joseph Henrich, Robert Boyd, Samuel Bowles, Colin Camerer, Ernst Fehr, Herbert Gintis and Richard McElreath (2001), ‘In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies’ 3. Pamela Jakiela (2011), ‘Social Preferences and Fairness Norms as Informal Institutions: Experimental Evidence’ 4. Armin Falk and Urs Fischbacher (2006), ‘A Theory of Reciprocity’ 5. Jeffrey P. Carpenter (2007), ‘The Demand for Punishment’ 6. Armin Falk, Ernst Fehr and Urs Fischbacher (2008), ‘Testing Theories of Fairness—Intentions Matter’ 7. Alberto Alesina and George-Marios Angeletos (2005), ‘Fairness and Redistribution’ B Consequences of Fairness and Unfairness 1. Effects on Prices, Bargaining and Settlement 8. Daniel Kahneman, Jack L. Knetsch and Richard Thaler (1986), ‘Fairness as a Constraint on Profit-Seeking: Entitlements in the Market’ 9. Linda Babcock, George Loewenstein, Samuel Issacharoff and Colin Camerer (1995), ‘Biased Judgments of Fairness in Bargaining’ 10. Amy Farmer and Paul Pecorino (2004), ‘Pretrial Settlement with Fairness’ 2. Effects on Legal Compliance 11. Tom R. Tyler (1997), ‘Procedural Fairness and Compliance with the Law’ 12. Bruno S. Frey, Matthias Benz and Alois Stutzer (2004), ‘Introducing Procedural Utility: Not Only What, but Also How Matters’ 13. Marius van Dijke and Peter Verboon (2010), ‘Trust in Authorities as a Boundary Condition to Procedural Fairness Effects on Tax Compliance’ 14. Richard H. McAdams (2010), ‘Economic Costs of Inequality’ PART II. RECONCILING FAIRNESS AND EFFICIENCY: NORMATIVE ANALYSIS A. Frameworks and Tradeoffs 15. Amartya Sen (1996), ‘On the Foundations of Welfare Economics: Utility, Capability, and Practical Reason’ 16. Kenneth J. Arrow (1979), ‘The Trade-off Between Growth and Equity’ 17. Elizabeth Anderson (2008), ‘How Should Egalitarians Cope with Market Risks?’ B The ‘Fairness versus Welfare’ Debate 18. Louis Kaplow and Steven Shavell (1999), ‘The Conflict between Notions of Fairness and the Pareto Principle’ 19. Louis Kaplow and Steven Shavell (2001), ‘Any Non‐Welfarist Method of Policy Assessment Violates the Pareto Principle’ 20. Richard Craswell (2003), ‘Kaplow and Shavell on the Substance of Fairness’ 21. Jeremy Waldron (2003), ‘Locating Distribution’ 22. Lewis A. Kornhauser (2003), ‘Preference, Well‐Being, and Morality in Social Decisions’ 23. Louis Kaplow and Steven Shavell (2003), ‘Fairness versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice’ 24. Gillian K. Hadfield (2005), ‘Feminism, Fairness, and Welfare: An Invitation to Feminist Law and Economics’ C Redistributing Through Taxes versus Legal Rules 25. Louis Kaplow and Steven Shavell (1994), ‘Why the Legal System is Less Efficient than the Income Tax in Redistributing Income’ 26. Christine Jolls (1998), ‘Behavioral Economics Analysis of Redistributive Legal Rules’ 27. Chris William Sanchirico (2000), ‘Taxes versus Legal Rules as Instruments for Equity: A More Equitable View’ 28. Louis Kaplow and Steven Shavell (2000), ‘Should Legal Rules Favor the Poor? Clarifying the Role of Legal Rules and the Income Tax in Redistributing Income’ PART III. SELECTED APPLICATIONS A. Fairness and Efficiency in Policy Design 29. H. Peyton Young (1995), ‘Dividing the Indivisible’ 30. Matthew D. Adler (2008), ‘Risk Equity: A New Proposal’ 31. David Weisbach and Cass R. Sunstein (2009), ‘Climate Change and Discounting the Future: A Guide for the Perplexed’ B. Fairness and Efficiency Across Doctrinal Areas 1. Tax Policy 32. Boris I. Bittker (1979), ‘Equity, Efficiency, and Income Tax Theory: Do Misallocations Drive Out Inequities?’ 2. Property 33. Frank I. Michelman (1967), ‘Property, Utility, and Fairness: Comments on the Ethical Foundations of "Just Compensation" Law’ 3. Contracts 34. Ernst Fehr, Oliver Hart and Christian Zehnder (2011), ‘Contracts as Reference Points – Experimental Evidence’ 4. Torts 35. Henrik Lando (1997), ‘An Attempt to Incorporate Fairness into an Economic Model of Tort Law’ 5. Criminal Law 36. A. Mitchell Polinsky and Steven Shavell (2000), ‘The Fairness of Sanctions: Some Implications for Optimal Enforcement’ 6. Family Law 37. Jon Elster (1987), ‘Solomonic Judgments: Against the Best Interests of the Child’

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Book SynopsisThis comprehensive two-volume set brings together important contributions providing fundamental economic analyses of social networks and the central roles they play in many facets of our lives. The first volume consists of classic articles that model network formation and games on networks, as well as those on the identification of peer effects from an econometric viewpoint. The second volume provides empirical analyses of network effects on labor, education, development, crime and industrial organization, as well as some laboratory and field experiments.This set of indispensable papers, with an original introduction by the editors, will prove an essential tool to researchers, scholars and practitioners involved in this field.Trade Review'The economic importance of social interactions not mediated by the market has long been recognized. However, it is only the emergence of network analysis that has supplied a useful method of study. The editors have performed a signal service by their anthology of important articles. They have covered all the major studies and represented well the rapid emergence of a new and important field, to which they have been among the most significant contributors.' -- Kenneth Arrow, Stanford University, USTable of ContentsContents: Volume I: Theory ACKNOWLEDGMENTS INTRODUCTION Matthew O. Jackson and Yves Zenou PART I MODELS OF NETWORK FORMATION 1. Robert J. Aumann and Roger B. Myerson (1988), ‘Endogenous Formation of Links Between Players and of Coalitions: An Application of the Shapley Value’ 2. Matthew O. Jackson and Asher Wolinsky (1996), ‘A Strategic Model of Social and Economic Networks’ 3. Bhaskar Dutta and Suresh Mutuswami (1997), ‘Stable Networks’ 4. Venkatesh Bala and Sanjeev Goyal (2000), ‘A Noncooperative Model of Network Formation’ 5. William A. Brock and Steven N. Durlauf (2001), ‘Discrete Choice with Social Interactions’ 6. Matthew O. Jackson and Alison Watts (2002) ‘The Evolution of Social and Economic Networks’ 7. Matthew O. Jackson and Alison Watts (2002), ‘On the Formation of Interaction Networks in Social Coordination Games’ 8. Bhaskar Dutta, Sayantan Ghosal and Debraj Ray (2005), ‘Farsighted Network Formation’ 9. Frank H. Page Jr., Myrna H. Wooders and Samir Kamat (2005), ‘Networks and Farsighted Stability’ 10. Matthew O. Jackson and Brian W. Rogers (2007), ‘Meeting Strangers and Friends of Friends: How Random are Social Networks?’ 11. Sergio Currarini, Matthew O. Jackson and Paolo Pin (2009), ‘An Economic Model of Friendship: Homophily, Minorities and Segregation’ PART II MODELS OF GAMES AND BEHAVIOR ON NETWORKS 12. Robert B. Myerson (1977), ‘Graphs and Cooperation in Games’ 13. Rohit Parikh and Paul Krasucki (1990), ‘Communication, Consensus and Knowledge’ 14. Venkatesh Bala and Sanjeev Goyal (1998), ‘Learning from Neighbours’ 15. Stephen Morris (2000), ‘Contagion’ 16. Michael Suk-Young Chwe (2000), ‘Communication and Coordination in Social Networks’ 17. Peter M. Demarzo, Dimitri Vayanos and Jeffrey Zwiebel (2003), ‘Persuasion Bias, Social Influence, and Unidimensional Opinions’ 18. Margarida Corominas-Bosch (2004), ‘Bargaining in a Network of Buyers and Sellers’ 19. Coralio Ballester, Antonio Calvó-Armengol and Yves Zenou (2006), ‘Who’s Who in Networks: Wanted: The Key Player’ 20. Yann Bramoullé and Rachel Kranton (2007), ‘Public Goods in Networks’ 21. Matthew O. Jackson and Leeat Yariv (2007), ‘Diffusion of Behavior and Equilibrium Properties in Network Games’ 22. Dunia López-Pintado (2008), ‘Diffusion in Complex Social Situations’ 23. Andrea Galeotti, Sanjeev Goyal, Matthew O. Jackson, Fernando Vega-Redondo and Leeat Yariv (2010), ‘Network Games’ 24. Benjamin Golub and Matthew O. Jackson (2010), ‘Naïve Learning in Social Networks and the Wisdom of Crowds’ 25. Andrea Galeotti and Sanjeev Goyal (2010), ‘The Law of the Few’ 26. Antonio Cabrales, Antoni Calvó-Armengol and Yves Zenou (2011), ‘Social Interactions and Spillovers’ 27. Daron Acemoglu, Munther A. Dahleh, Ilan Lobel and Asuman Ozdaglar (2011), ‘Bayesian Learning in Social Networks’ 28. Syngjoo Choi, Douglas Gale, Shachar Kariv and Thomas Palfrey (2011), ‘Network Architecture, Salience and Coordination’ 29. Jeanne Hagenbach and Frédéric Koessler (2010), ‘Strategic Communication Networks’ PART III ECONOMETRICS 30. Charles F. Manski (1993), ‘Identification of Endogenous Social Effects: The Reflection Problem’ 31. Lung Fei Lee (2007), ‘Identification and Estimation of Econometric Models with Group Interactions, Contextual Factors and Fixed Effects’ 32. Yann Bramoullé, Habiba Djebbari and Bernard Fortin (2009), ‘Identification of Peer Effects Through Social Networks’ Volume II: Applications ACKNOWLEDGEMENTS AN INTRODUCTION BY THE EDITORS APPEARS IN VOLUME I PART I LABOUR AND EDUCATION 1. Mark S. Granovetter (1973), ‘The Strength of Weak Ties’ 2. Scott A. Boorman (1975), ‘A Combinatorial Optimization Model for Transmission of Job Information Through Contact Networks’ 3. James D. Montgomery (1991), ‘Social Networks and Labor-Market Outcomes: Toward an Economic Analysis’ 4. Giorgio Topa (2001), ‘Social Interactions, Local Spillovers and Unemployment’ 5. Antoni Calvó-Armengol (2004), ‘Job Contact Networks’ 6. Antoni Calvó-Armengol and Matthew O. Jackson (2004), ‘The Effects of Social Networks on Employment and Inequality’ 7. Yannis M. Ioannides and Linda Datcher Loury (2004), ‘Job Information Networks, Neighbourhood Effects, and Inequality’ 8. Patrick Bayer, Stephen L. Ross and Giorgio Topa (2008), ‘Place of Work and Place of Residence: Informal Hiring Networks and Labor Market Outcomes’ 9. Antoni Calvó-Armengol, Eleonora Patacchini and Yves Zenou (2009), ‘Peer Effects and Social Networks in Education’ PART II DEVELOPMENT ECONOMICS 10. Kaivan Munshi (2003), ‘Networks in the Modern Economy: Mexican Migrants in the U.S. Labor Market’ 11. Jackline Wahba and Yves Zenou (2005), ‘Density, Social Networks and Job Search Methods: Theory and Application to Egypt’ 12. Oriana Bandiera and Imran Rasul (2006), ‘Social Networks and Technology Adoption in Northern Mozambique’ 13. Marcel Fafchamps and Susan Lund (2003), ‘Risk-sharing Networks in Rural Philippines’ PART III CRIME 14. Edward L. Glaeser, Bruce Sacerdote and José A. Scheinkman (1996), ‘Crime and Social Interactions’ 15. Antoni Calvó-Armengol and Yves Zenou (2004), ‘Social Networks and Crime Decisions: The Role of Social Structure in Facilitating Delinquent Behavior’ 16. Coralio Ballester, Antoni Calvó-Armengol and Yves Zenou (2010), ‘Delinquent Networks’ 17. Eleonora Patacchini and Yves Zenou (2012), ‘Juvenile Delinquency and Conformism’ PART IV INDUSTRIAL ORGANIZATION 18. Rachel E. Kranton and Deborah F. Minehart (2001), ‘A Theory of Buyer-Seller Networks’ 19. Sanjeev Goyal and Sumit Joshi (2003), ‘Networks of Collaboration in Oligopoly’ 20. Sanjeev Goyal and José Luis Moraga-González (2001), ‘R&D Networks’ 21. Brian Uzzi (1996), ‘The Sources and Consequences of Embeddedness for the Economic Performance of Organizations: The Network Effect’ PART V EXPERIMENTS 22. Gary Charness, Margarida Corominas-Bosch and Guillaume R. Fréchette (2007), ‘Bargaining and Network Structure: An Experiment’ 23. Dean Karlan, Markus Mobius, Tanya Rosenblat and Adam Szeidl (2009), ‘Trust and Social Collateral’ 24. Jacob K. Goeree, Arno Riedl and Aljaž Ule (2009), ‘In Search of Stars: Network Formation Among Heterogeneous Agents’ 25. Jacob K. Goeree, Margeret A. McConnell, Tiffany Mitchell, Tracey Tromp and Leeat Yariv (2010), ‘The 1/D Law of Giving’ PART VI OTHER APPLICATIONS 26. James E. Rauch (1999), ‘Networks Versus Markets in International Trade’ 27. Franklin Allen and Douglas Gale (2000), ‘Financial Contagion’ 28. Federico Echenique and Roland G. Fryer, Jr. (2007), ‘A Measure of Segregation Based on Social Interactions’

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Book SynopsisThis thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory. There are 41 entirely new entries, marking the emergence of a new generation of Post Keynesian scholars. The central issues that were dealt with in the first edition remain at the core of the book, but much more attention is paid in this second edition to financial markets, to Post Keynesian economics outside its traditional Anglo-American heartland and to gender issues and environmental policy. Including major theoretical, methodological and policy issues in Post Keynesian economics, this enriching Companion will strongly appeal to postgraduate and advanced undergraduate students in economics as well as related social science disciplines including international political economy, international relations, politics, public policy and sociology.Contributors: A. Altuzarra, P. Arestis, T. Asada, A. Barba, T. Baskoy, J. Bibow, S. Blankenburg, R.A. Blecker, H. Bloch, A. Brown, D. Bunting, F.J. Cardim de Carvalho, V. Chick, J. Cornwall, W. Cornwall, J. Courvisanos, C. Danby, F. Dantas, P. Davidson, L.F. De Paula, D. Dequech, S.C. Dow, P. Downward, S. Dullien, S.P. Dunn, A.K. Dutt, S. Fazzari, F. Ferrari-Filho, B. Fine, G. Fontana, M. Forstater, G. Fujii, R. Garnett, B. Gerrard, M. Glickman, G.C. Gu, G.C. Harcourt, J.T. Harvey, M. Hayes, E. Hein, J.F. Henry, G. Hewitson, M.C. Howard, P. Howells, T. Jefferson, J. Jespersen, T.-H. Jo, D.W. Katzner, S. Keen, S. Kelton, J.E. King, P. Kriesler, M. Lavoie, J. Leclaire, F.S. Lee, J. Lodewijks, M.C. Marcuzzo, J.S.L. McCombie, E.J. McKenna, A. Mearman, J. Melmiès, W. Mitchell, G. Mongiovi, T. Mott, T. Mouakil, Y. Nersisyan, J.W. Nevile, T. Niechoj, R. O'Donnell, P.A. O'Hara, A. Pacella, T.I. Palley, G. Palma, C. Panico, S.D. Parsons, N. Perry, M. Pivetti, R. Pollin, S. Pressman, J. Priewe, A. Razmi, R. Realfonzo, C. Rider, L.-P. Rochon, C.J. Rodríguez-Fuentes, S. Rossi, C. Sardoni, M. Sawyer, R.H. Scott III, M. Setterfield, N. Shapiro, H.J. Sherman, P. Skott, J. Smithin, E. Stockhammer, R. Studart, P.R. Tcherneva, A.P. Thirlwall, Z. Todorova, J. Toporowski, G. Tortorella Esposito, A.B. Trigg, É. Tymoigne, L. Ussher, T. Van Treeck, A. Vercelli, M. Vernengo, M. Watts, E. Webster, A. Winnett, M.H. Wolfson, L.R. Wray, D.C. ZannoniTrade Review‘The Elgar Companion to Post Keynesian Economics is a comprehensive guide to economic analyses in the tradition of Keynes and the so-called Cambridge (UK) school of economics. The coverage of themes and different theoretical orientations within Post Keynesianism is remarkable and the quality of the various entries is impressive. John King's invisible hand is responsible for a minimum of overlaps and an optimum in quality and comprehensibility. This book has already proved to be of interest to a wide range of economists and can be expected to continue to do so for a long time to come.’ -- Heinz D. Kurz, University of Graz, AustriaThe effort that has been put for the publication of this book is highly meritorious and it can be considered a complete encyclopedia of the current status of the scientific research in the tradition of Keynes. . . Many of the issues contained in this book provide an interesting re-reading of authors of the past and, in this sense, it is recommendable also for historians of political economy.’ -- Guglielmo Forges Davanzati, OeconomiaTable of ContentsContents: Introduction 1. Agency Edward J. McKenna and Diane C. Zannoni 2. Australia J.E. King 3. Austrian School of Economics Stephen D. Parsons 4. Babylonian Mode of Thought Sheila C. Dow 5. Balance-of-Payments-Constrained Economic Growth John S.L. McCombie 6. Banking Gillian Hewitson 7. Bastard Keynesianism John Lodewijks 8. Behavioural Economics Therese Jefferson and J.E. King 9. Brazil Luiz Fernando de Paula and Fernando Ferrari-Filho 10. Bretton Woods Matías Vernengo 11. Budget Deficits Joëlle Leclaire 12. Business Cycles Peter Skott 13. Cambridge Economic Tradition G.C. Harcourt 14. Capital Theory Ben Fine 15. Central Banks Fernando J. Cardim de Carvalho 16. Chartalism Sergio Rossi 17. Choice under Uncertainty Victoria Chick and Sheila C. Dow 18. Circuit Theory Riccardo Realfonzo 19. Competition Nina Shapiro 20. Consumer Debt Robert H. Scott, III 21. Consumer Theory Marc Lavoie 22. Consumption David Bunting 23. Conventions David Dequech 24. Credit Rationing Martin H. Wolfson 25. Critical Realism Andrew Brown 26. Development Finance Rogério Studart 27. Econometrics Paul Downward 28. Economic Development Stephanie Blankenburg and Gabriel Palma 29. Economic Policy Malcolm Sawyer 30. Effective Demand Mark Setterfield 31. Efficient Markets Hypothesis Mark Hayes 32. Employer of Last Resort Pavlina R. Tcherneva 33. Employment Engelbert Stockhammer 34. Environmental Economics Adrian Winnett 35. Environmental Policy Neil Perry 36. Equilibrium and Non-equilibrium Donald W. Katzner 37. Exchange Rates John T. Harvey 38. Expectations Éric Tymoigne 39. Export-led Growth Arslan Razmi 40. Financial Instability Hypothesis Louis-Philippe Rochon 41. Financial Markets Jörg Bibow 42. Financial Reform Aldo Barba 43. Financialization Till Van Treeck 44. Fiscal Policy J.W. Nevile 45. Full Employment William Mitchell and Martin Watts 46. Fundamentalist Keynesians Bill Gerrard 47. Galbraith’s Economics Stephen P. Dunn 48. Gender Colin Danby 49. Germany and Austria Torsten Niechoj 50. Global Financial Crisis Stephanie Blankenburg 51. Growth and Income Distribution Carlo Panico 52. Growth Theory Steve Keen 53. Households Zdravka Todorova 54. Income Distribution Thomas I. Palley 55. Inflation John Smithin 56. Innovation Jerry Courvisanos 57. Institutionalism Steven Pressman 58. International Economics Robert A. Blecker 59. International Financial Reform Leanne Ussher 60. Investment Tracy Mott 61. Italy Andrea Pacella and Guido Tortorella Esposito 62. Japan Toichiro Asada 63. Joan Robinson’s Economics Maria Cristina Marcuzzo 64. Journal of Post Keynesian Economics Phillip Anthony O’Hara 65. Kaldorian Economics A.P. Thirlwall 66. Kaleckian Economics Jan Toporowski 67. Keynes’s General Theory Paul Davidson 68. Keynes’s Treatise on Money Giuseppe Fontana 69. Keynes’s Treatise on Probability Rod O’Donnell 70. Latin American Structuralism Gerardo Fujii 71. Liquidity Preference Stephanie Kelton (née Bell) 72. Macroeconomic Methodology Jesper Jespersen 73. Marginalism Harry Bloch 74. Market Governance Tuna Baskoy 75. Microfoundations Steven Fazzari 76. Monetary Policy Peter Howells 77. Money L. Randall Wray 78. Money Manager Capitalism Yeva Nersisyan 79. Multiplier Andrew B. Trigg 80. New Classical Economics Alessandro Vercelli 81. New Keynesian Economics Wendy Cornwall 82. New Neoclassical Synthesis Sebastian Dullien 83. Non-ergodicity Stephen P. Dunn 84. Open Systems Andrew Mearman 85. Pluralism in Economics Rob Garnett 86. Price Rigidity Jordan Melmiès 87. Prices and Pricing Gyun Cheol Gu and Frederic S. Lee 88. Production Amitava Krishna Dutt 89. Profits Elizabeth Webster 90. Rate of Interest Massimo Pivetti 91. Regional Monetary Policy Carlos J. Rodríguez-Fuentes 92. Saving Robert Pollin 93. Say’s Law Claudio Sardoni 94. Socialism Howard J. Sherman 95. Sraffian Economics Gary Mongiovi 96. Stagflation Mark Setterfield and John Cornwall 97. Stock–Flow Consistent Modelling Tarik Mouakil 98. Sustainable Development Jerry Courvisanos 99. Technology and Innovation Amaia Altuzarra 100. Time in Economic Theory John F. Henry 101. Time-series Econometrics Flavia Dantas 102. Tobin Tax Philip Arestis 103. Transition Economies Christine Rider 104. Traverse Peter Kriesler 105. Uncertainty Murray Glickman 106. Underconsumption J.E. King 107. Unemployment Mathew Forstater 108. University of Missouri–Kansas City Frederic S. Lee 109. Wage Deflation Jan Priewe 110. Wage- and Profit-led Regimes Eckhard Hein 111. Walrasian Economics M.C. Howard 112. Welfare Economics Tae-Hee Jo Index

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Book SynopsisThe Elgar Companion to Public Choice, Second Edition brings together leading scholars in the field of political economy to introduce readers to the latest research in public choice.The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance, and to modeling and predicting the behavior of international organizations and transnational terrorism.With broad and up-to-date coverage, this second edition will appeal to politicians and policymakers, academics and researchers in public and social choice and political science as well as graduate students in economics, political science and public administration.Contributors include: D.G. Arce M., A. Batinti, F. Bose, G. Brennan, M. Brooks, U. Cantner, R.D. Congleton, C.J. Coyne, N.V. Crain, W.M. Crain, R.B. Ekelund Jr, J.S. Ferris, R.K. Fleck, A. Glazer, A. Hamlin, F.A. Hanssen, A.L. Hillman, R.G. Holcombe, L.W. Kenny, Y. Kim, M.S. Kimenyi, K.M. Larkin-Wong, J.G. Matsusaka, F.S. McChesney, R.R. McGregor, D.C. Mueller, M.C. Munger, F. Padovano, A. Pellillo, R. Pietrantonio, A. Razo, L. Razzolini, M. Reksulak, C.K. Rowley, P.H. Rubin, J.M. Shepherd, W.F. Shughart II, R.S. Sobel, T. Stratmann, O. Taiwo, R.D. Tollison, R. Vaubel, M. WohlgemuthTrade Review‘This is a comprehensive set of essays on myriad facets of public choice by many of the leading contributors in the field. The coverage is excellent and the essays are terrific. I highly recommend this book for researchers and students.’ -- Todd Sandler, University of Texas at Dallas, US‘Co-Editors Michael Reksulak, Laura Razzolini, and William Shughart have assembled a fine extension of the first Elgar Companion to Public Choice that was published in 2003 (Shughart and Razzolini 2003). . . Overall, the 2013 Companion is useful to scholars both as specialists in the specific topics covered and as generalists interested in surveying the field.’ -- Edward J. Lopez, Journal of Public Finance & Public ChoiceTable of ContentsContents: Preface to the Second Edition Preface to the First Edition PART I: THE CHOICE IN PUBLIC CHOICE 1. Individual Choice and Collective Choice: An Overview Michael Reksulak, Laura Razzolini and William F. Shughart II 2. Public Choice: The Origins and Development of a Research Program Charles K. Rowley 3. Political Science and Public Choice Michael C. Munger PART II: THE FRAMEWORK OF GOVERNMENT 4. The Origins of the State Dennis C. Mueller 5. Constitutional Political Economy Alan Hamlin 6. Autocrats and Democrats Armando Razo PART III: SYSTEMS OF COLLECTIVE DECISION-MAKING 7. Expressive Voting Geoffrey Brennan and Michael Brooks 8. Direct Democracy John G. Matsusaka 9. Legislatures Nicole V. Crain and W. Mark Crain 10. Parliaments Fabio Padovano 11. Federal Systems Randall G. Holcombe 12. Tribal Systems Mwangi S. Kimenyi and Olumide Taiwo PART IV: PUBLIC CHOICE ANALYSES OF THE TOOLS OF GOVERNMENT 13. The Politics of Elections and Congressional Oversight Russell S. Sobel and Adam Pellillo 14. Judges: Why do they Matter? Robert K. Fleck and F. Andrew Hanssen 15. Monetary Policy Rob Roy McGregor 16. Fiscal Policy J. Stephen Ferris 17. Regulatory Policy Amihai Glazer 18. The Public Choice Perspective on Antitrust Law Fred S. McChesney and Katherine M. Larkin-Wong PART V: PUBLIC CHOICE PERSPECTIVES ON THE RELATIONS BETWEEN GOVERNMENT AND THE GOVERNED 19. Rent Seeking Arye L. Hillman 20. Campaign Finance Thomas Stratmann 21. Public Choice and the Law Paul H. Rubin and Joanna M. Shepherd 22. Public Choice and the Modern Welfare State Roger D. Congleton with Alberto Batinti, Feler Bose, Youngshin Kim and Rinaldo Pietrantonio 23. Public Choice and Public Education Lawrence W. Kenny 24. Public Choice and Religion Robert B. Ekelund Jr and Robert D. Tollison 25. Experimental Public Choice Laura Razzolini 26. Evolutionary Public Choice Uwe Cantner and Michael Wohlgemuth PART VI: PUBLIC CHOICE PERSPECTIVES ON THE RELATIONS BETWEEN INTERNATIONAL ACTORS 27. International Organizations Roland Vaubel 28. The Political Economy of War and Peace Christopher J. Coyne and Adam Pellillo 29. Collective Action and (Counter) Terrorism Daniel G. Arce M. References Index

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Book SynopsisAt a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of Keynes s great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which Keynes's methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.'- Sheila Dow, University of Stirling, UK'This book celebrates the 75th anniversary of Keynes's General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today - and tomorrow.'- Victoria Chick, University College London, UK'Keynes's General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to today's happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of Keynes's revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.'- G.C. Harcourt, University of New South Wales, AustraliaThe themes of this important new volume were chosen to mark the 75th anniversary of the publication of The General Theory of Employment, Interest and Money. The distinguished authors concentrate on the relevance of this seminal publication for macroeconomic theory, method and the politics of today. This is particularly pertinent as similarities with the 1930s are striking in terms of unemployment, low growth, financial fragility and the European monetary union resembling the gold standard.Illustrating new ways of understanding the importance of uncertainty in macroeconomics, particularly in view of the importance of finance and balance of payments imbalances within a monetary union, this book will prove a stimulating and challenging read for academics, researchers and students of macroeconomics, heterodox economics, and the methodology and history of economic thought.Contributors include: A. Carabelli, E. De Antoni, J. Galbraith, M. Hayes, J. Jespersen, M. Laine, N. Levy-Orlik, M.O. Madsen, T.D. Togati, A. Truger, J. Uxó, S. VossTrade Review'At a time of renewed interest in Keynes, this volume provides an illuminating and forward-looking collection of papers. They explain the meaning of Keynes's great contribution and also show how that contribution can be developed further for application to modern economic policy issues. Most important, the papers explain the ways in which Keynes's methodological approach is so different from that which continues to dominate mainstream economics and how productive it would be if that approach were applied to our modern experience.' - Sheila Dow, University of Stirling, UK 'This book celebrates the 75th anniversary of Keynes's General Theory, which has proved yet again to be an endless source of inspiration. These authors take The General Theory as a point of departure from which to address the problems of today from fresh perspectives. This volume is indeed Keynes for today - and tomorrow.' - Victoria Chick, University College London, UK 'Keynes's General Theory for Today is a fine set of thoughtful and highly relevant essays. They relate several ideas of Keynes to today's happenings, putting forward modifications and extensions to take into account both short-term and long-term happenings in advanced capitalist economies. Especially useful are the investigations of Keynes's revolutionary methods of reasoning in economics, long abandoned by orthodox economists, to the great detriment of our understanding of what is happening and what may be done about it. These essays should be required reading for students, teachers and policy makers alike.' --- G.C. Harcourt, University of New South Wales, AustraliaTable of ContentsContents: Introduction Jesper Jespersen and Mogens Ove Madsen 1. The General Theory: A Neglected Work?! M.G. Hayes 2. The Final Death and Next Life of Maynard Keynes James Galbraith 3. The Crisis in Macro and the Limitations of the Economics of Keynes – or Why the Master will not Return Unless his General Theory is Dressed up in Neo-modern Clothes Teodoro Dario Togati 4. Keynes on Method: Is Economics a Moral Science? Michael Lainé 5. A New Methodological Approach to Economic Theory: What I Have Learnt from 30 Years of Research on Keynes Anna Carabelli 6. Keynes’s Early Cognition of the Concept of Time Mogens Ove Madsen 7. When Keynes and Minsky Meet Mandelbrot. . . Stefan Voss 8. Keynes’s General Theory After 75 Years: Time to Re-read and Reflect Jesper Jespersen 9. The General Theory After the Sub-prime Crisis: A Minskyan Perspective Elisabetta De Antoni 10. Keynes’s Views in Financing Economic Growth: The Role of Capital Markets in the Process of Funding Noemi Levy-Orlik 11. Nothing Learned from the Crisis? Some Remarks on the Stability Programmes 2011–2014 of the Euro Area Governments Gregor Semieniuk, Till van Treeck and Achim Truger 12. European Economic Policy and the Problem of Current Account Imbalances: The Case of Germany and Spain Jorge Uxó, Jesús Paúl and Eladio Febrero Index

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Book SynopsisCollege cost per student has been on the rise at a pace that matches ? or exceeds ? healthcare costs. Unlike healthcare, though, teaching quality has declined, and rapidly rising costs and declining quality are not trends easily forgiven by society. The College Cost Disease addresses these problems, providing a behavioral framework for the chronic cost/quality consequences with which higher education is fraught. Providing many compelling insights into the issues plaguing higher education, Robert Martin expounds upon H.R. Bowen?s revenue theory of cost by detailing experience good theory, the principal/agent problem, and non-profit status. Reputation competition dominates higher education. Students and their parents, and public opinion in general, associate higher tuition with higher quality and greater accolades; price is used as a proxy for quality only when consumers are uncertain about quality prior to purchase. Higher education services are the most complex types of ?experience goods?; a service whose quality can only be determined after a purchase has been made. Applying formal economic theory to higher education, Robert Martin examines how and why attempts to control costs are controversial and the damaging effects these controversies have on institutions? reputations. Arguing that the college access problem cannot be solved until colleges and universities find a way to control their costs, this book brings to the fore the leading ideas that will bring about much-needed budgetary reform in higher education.Governing boards, administrators and faculty members should find much to think on and learn from here; parents, students, alumni and taxpayers will find the research and conclusions alarming, though eye-opening.Trade Review‘The College Cost Disease is indeed a useful reading, not only for the students of economics of education, but also for others interested in quality and also that the costs of higher education would immensely benefit from.’ -- Jandhyala B.G. Tilak, Journal of Educational Planning and AdministrationTable of ContentsContents: Preface 1. Cost, Quality, and Anomalies in Higher Education 2. Statistical Measures: Teaching Productivity, Cost, Financial Burden, and Quality 3. Reputations and the Chivas Regal Effect 4. The Principal/Agent Problem in Higher Education 5. Commercialization: The Devil Made Me Do It! 6. The Gresham Effect, Lemons, and Teaching 7. Inside the Black Box Glossary Bibliography Index

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Book SynopsisStefan Késenne's work has added a new dimension to the literature by bringing a European perspective to the analysis of professional sports leagues. This text sets out his research programme in a clear and accessible manner. His work is profoundly influential in the sports literature and the lessons of this book need to be understood by all those interested in policies and practices of sports leagues.'- Stefan Szymanski, Cass Business School, UK'Stefan Késenne is one of the most innovative, clear-headed sports economists writing today. With this book, he has provided a thoughtful, accessible exegesis of the extant literature on the economic theory of team sports leagues. There is no book like this currently available. It will serve as an excellent text for advanced undergraduate and graduate courses in sports economics. I heartily recommend it.'- Andrew Zimbalist, Smith College, USThis revised and updated edition of a classic text offer the most comprehensive and rigorous analytical treatment of the theory of professional team sports presently available. It will be required reading for advanced undergraduate and graduate students in sports economics.Stefan Késenne elucidates the subject in a clear and accessible manner, addressing many of the most pertinent issues including:- The peculiar economics of professional team sports- Sports product market- Player labor market- Product and labor market equilibrium- Restrictions on player mobility- Revenue sharing- Salary capsThis second edition of The Economic Theory of Professional Team Sports also includes student exercises at the end of each chapter and a useful bibliography of further reading.Contents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Answers to Exercises References and Selected Bibliography IndexTrade ReviewAcclaim for the first edition: 'In short this book is a fine and scholarly piece of economic research that focuses on issues of current relevance and theoretical discussion and which are analysed rigorously.' --- Paul Downward, Leisure StudiesAn excellent volume for courses on economics or related quantitative fields, this volume is one of a kind, and for that reason libraries should consider purchasing it. No other title currently on the market comes close to doing what Kesenne's does... first-rate. Highly recommended. --- A.R. Sanderson, ChoiceTable of ContentsContents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Answers to Exercises References and Selected Bibliography Index

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Book SynopsisThis comprehensive and groundbreaking Handbook integrates economic and organization theories to help elucidate the design and evolution of economic organization.Economic organization is regarded both as a subject of inquiry and as an emerging disciplinary field in its own right, integrating insights from economics, organization theory, strategy and management, economic sociology and cognitive psychology. The contributors, who share this integrated approach, are distinguished scholars at the productive peak in their fields. Each original, state-of-the art chapter not only addresses foundational issues, but also identifies key issues for future research.This original and wide-ranging Handbook will be a useful and thought-provoking read for academics, students and researchers in the fields of organization, management and economics.Contributors: N. Argyres, M.M. Blair, G. Bonifati, R.M. Burton, M.G. Colombo, L. Feng, N.J. Foss, B.S. Frey, V.P. Goldberg, A. Grandori, G. Hendrikse, J.-F. Hennart, G.M. Hodgson, A. Holl, B.E. Kaufman, P.G. Klein, P.H. Kriss, K.R. Lakhani, J.-E. Lane, R. Leoni, H. Lifshitz-Assaf, S. Lindenberg, J.T. Mahoney, S.E. Masten, B. Obel, M. Osterloh, U. Pagano, J. Pencavel, P. Puranam, R. Rama, M. Raveendran, C. Rossi-Lamastra, L. Sacconi, R. Sanchez, M.L. Tushman, M. Villani, M. Warglien, R. Weber, J. Windsperger, T.R. ZengerTrade Review’This excellent volume brings together some of the most interesting writings on economic organization. It covers a vast range of topics that fall under the heading of economic organization, and most if not all aspects of a variety of organizational economics and organization theories are presented. Interestingly, this book also extends beyond the more traditional approaches informed by economics and organization theory as it broadens the horizon of the field by including relevant contributions from economic sociology, cognitive psychology, law, and strategic management. Given its breadth and depth, this volume will become one of the standard reference books that will inspire both theoretical and empirical research.’ -- John Hagedoorn, Maastricht University, The Netherlands‘This important new Handbook of Economic Organization is a highly successful attempt to integrate economic and organization theory. Anna Grandori, who is herself a leading scholar located at the boundaries of economics and organization theory, is to be congratulated on doing a superb job bringing together such a high profile group of internationally acknowledged scholars. Each of the essays in the book are original and contribute to demonstrating the valuable insights that economics can make to our understanding of organization and organizational design. Anna Grandori’s introductory and concluding chapters are not only excellent audits of the current state of our knowledge in this field but they also give a strong sense of direction for the possible futures of the discipline. Anna Grandori is not afraid to face head on some of the more philosophical issues relating to “organization” as an object of study and is to be commended for doing so. The economics of organization is a new, exciting and developing field and the essays in this book will help to shape the research agenda that will take this emergent discipline to its next stage.’ -- Peter M. Jackson, University of Leicester, UK‘This sweeping, comprehensive volume is a signal effort in building bridges between economics and organization theory. With a stellar cast of contributors, it will both inspire and provoke scholars with its grand amibitions, and generate considerable attention and debate. A remarkable effort by Anna Grandori.’ -- Walter W. Powell, Stanford University, US’Anna Grandori has astutely organized the commissioned chapters of an intellectually diverse set of scholars into an absolutely outstanding contribution that both defines the current state of organizational economics and points the perceptive reader toward an exciting intellectual future. From traditional research areas to the newest topics of interest, the chapters chart the current boundaries of the field. The chapters are filled with gems of insight across several distinct levels of analysis, whether it is a discussion of organizational design, or psychological economics or innovation or the organization as language, the discussions are contemporary, comprehensive and challenging. No serious scholar of organizational economics should be without this book.’ -- Richard N. Osborn, Wayne State University, USTable of ContentsContents: INTRODUCTION Economic Organization as an Object of Study and as an Emerging Disciplinary Field Anna Grandori PART I: THE MICRO-FOUNDATIONS OF ECONOMIC ORGANIZATION: EXTENDING BEHAVIORAL ASSUMPTIONS ON KNOWLEDGE, INTEREST, AND RATIONALITY 1. Models of Rationality in Economic Organization: ‘Economic’, ‘Experiential’ and ‘Epistemic’ Anna Grandori 2. Motivation Governance Margit Osterloh and Bruno S. Frey 3. Cognition and Governance: Why Incentives Have to Take a Back Seat Siegwart Lindenberg 4. Knowledge Governance: Meaning, Origins and Implications Nicolai J. Foss PART II: THE CONSTITUTION OF ECONOMIC ORGANIZATION BETWEEN INTERACTING AND CONTRACTING 5. Contracts: Coordination Across Firm Boundaries Victor P. Goldberg 6. The Enterprise as Community: Firms, Towns, and Universities Scott E. Masten 7. Ethics, Economic Organization and the Social Contract Lorenzo Sacconi 8. Language and Economic Organization Massimo Warglien PART III: THE SHAPING OF ECONOMIC ORGANIZATION BETWEEN DESIGN AND EVOLUTION 9. Organizational Adaptation and Evolution: Darwinism versus Lamarckism? Geoffrey M. Hodgson 10. Exaptation and Innovation Processes: Theory and Models Giovanni Bonifati and Marco Villani 11. Interdependence and Organization Design Phanish Puranam and Merlo Raveendran 12. Dynamics of Organizational Structure Nick Argyres and Todd R. Zenger 13. Design Rules for Dynamic Organization Design: The Contribution of Computational Modeling Richard M. Burton and Børge Obel 14. Organizational Formation and Change: Lessons from Economic Laboratory Experiments Peter H. Kriss and Roberto Weber PART IV: HUMAN RESOURCES AND ECONOMIC ORGANIZATION BETWEEN ASSETS AND ACTORS 15. Human Capital and Property Rights Anna Grandori 16. The Economic Organization of Employment: Systems in Human Resource Management and Industrial Relations Bruce E. Kaufman 17. Organization of Work Practices and Productivity: An Assessment of Research on World-class Manufacturing Riccardo Leoni PART V: TECHNICAL ASSETS AND ECONOMIC ORGANIZATION BETWEEN DETERMINANTS AND OPPORTUNITIES 18. Technical Assets and Property Rights Ugo Pagano 19. Open Innovation and Organizational Boundaries: Task Decomposition, Knowledge Distribution and the Locus of Innovation Karim R. Lakhani, Hila Lifshitz-Assaf and Michael L. Tushman 20. Modularity and Economic Organization: Concepts, Theory, Observations, and Predictions Ron Sanchez and Joseph T. Mahoney 21. The Organizational Design of High-tech Start-ups: State of the Art and Directions for Future Research Massimo G. Colombo and Cristina Rossi-Lamastra PART VI: FORMS OF ECONOMIC ORGANIZATION BETWEEN DISCRETE ALTERNATIVES AND COMBINATIVE CONFIGURATIONS 22. Entrepreneurship, Entrepreneurial Governance and Economic Organization Nicolai J. Foss and Peter G. Klein 23. The Four Functions of Corporate Personhood Margaret M. Blair 24. Worker Cooperatives and Democratic Governance John Pencavel 25. Internal and External Hybrids and the Nature of Joint Ventures Jean-François Hennart 26. Interfirm Cooperatives George Hendrikse and Li Feng 27. The Governance of Franchising Networks Josef Windsperger 28. Subcontracting Relationships Ruth Rama and Adelheid Holl 29. Public Economic Organization Jan-Erik Lane CONCLUSIONS Integrating Economic and Organization Theory: Products, Problems and Prospects Anna Grandori Index

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Book SynopsisAcclaim 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, UKDespite 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. The first edition of The Economics of Services initiated a redress of this oversight. Fully revised and updated, the second edition of this highly acclaimed textbook should be required complimentary reading to mainstream microeconomics textbooks for graduate students of economics and for advanced courses in labor, urban and regional economics, economic geography and economic history.The text emphasizes the distinction between intermediate producer services and final consumer services. Many of the former are traded in global markets much like material goods in general, whilst the markets for consumer services are markedly local. This requires quite different micro-foundations in each case. Other key issues explored include the productivity development and quality of service measurements, as well as the key role of urbanization for service sector growth.The critical issues for the future of the real economy, beyond the financial crisis, are also analyzed in depth. The author illustrates how a better understanding of the nature of the service economy is necessary for policy innovation, with a view to regenerating the welfare state.Contents: Preface Foreword to the Second Edition Part I: The Service Economy in Perspective 1. Two Approaches to Service Sector Definition and Measurement 2. Merit Goods Part II: Microeconomic Foundations 3. Production Cost of Non-storable Goods 4. Distribution Costs of Non-transportable Goods 5. The Basic Trade-off and the Resulting Market Areas 6. Market Forms and Competition 7. Supply and Demand at the System Level 8. Welfare Economics 1: Towards A-Efficiency 9. Welfare Economics 2: Towards X-Efficency Part III: Urbanisation and Service Sector Development 10. Unprecedented Rise in the Standard of Living 11. Structural Change of the Economy 12. Urban Service Industries Before the Private Car 13. Mass Motoring, Enlargement of Service Markets and Urban Sprawl 14. Towards Sustainability of the Service Sector Part IV: Public Policy Towards Services 15. Trust in Economic Growth Cannot Replace Allocation Policy 16. Is Cost Benefit Analysis the Answer? 17. Towards Social Balance 18. Increased Employment for Absolute Want Satisfaction 19. The Financial Challenge 20. Summary and Conclusions References IndexTrade 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

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Book SynopsisThe Handbook of Alternative Theories of Economic Development explores the theories and approaches which, over a prolonged period of time, have existed as viable alternatives to today?s mainstream and neo-classical tenets. With a total of 40 specially commissioned chapters, written by the foremost authorities in their respective fields, this volume represents a landmark in the field of economic development. It elucidates the richness of the alternative and sometimes misunderstood ideas which, in different historical contexts, have proved to be vital to the improvement of the human condition. The subject matter is approached from several complementary perspectives. From a historical angle, the Handbook charts the mercantilist and cameralist theories that emerged from the Renaissance and developed further during the Enlightenment. From a geographical angle, it includes chapters on African, Chinese, Indian, and Muslim approaches to economic development. Different schools are also explored and discussed including nineteenth century US development theory, Marxist, Schumpeterian, Latin American structuralism, regulation theory and world systems theories of development. In addition, the Handbook has chapters on important events and institutions including The League of Nations, The Havana Charter, and UNCTAD, as well as on particularly influential development economists. Contemporary topics such as the role of finance, feminism, the agrarian issue, and ecology and the environment are also covered in depth. This comprehensive Handbook offers an unrivalled review and analysis of alternative and heterodox theories of economic development. It should be read by all serious scholars, teachers and students of development studies, and indeed anyone interested in alternatives to development orthodoxy.Contributors: M. Alacevich, R. Arocena, J.G. Backhaus, E.B. Barbier, R. Bielschowsky, C.N. Biltoft, R. Boyer, L. Burlamaqui, C.P. Chandrasekhar, M. Cimoli, A.M. Daastøl, G. Derluguian, W. Drechsler, S. Endresen, M.S. Erkek, M.S. Floro, J. Ghosh, J.-C. Graz, J.P. Hochard, I. Ianos, P. Jha, A. Kadri, R. Kattel, J.A. Kregel, B.-Å. Lundvall, A.C. Macedo e Silva, J.A. Mathews, L. Mjøset, S. Moyo, R.R. Nelson, G. Omkarnath, E. Özveren, J.G. Palma, P. Patnaik, G. Porcile, E.S. Reinert, S.A. Reinert, P.R. Rössner, A. Saltelli, M. Shafaeddin, A. Singh, I.G. Shivji, J. Sutz, Y. Tandon, E. Thurbon, F. Tregenna, H.S. Ünal, L. Weiss, T. Xu, P. Yeros, X. ZhaoTrade Review'This collection provides some useful insights into the reality of development processes for practitioners in local development.' --Local EconomyTable of ContentsContents: Introduction Erik S. Reinert, Rainer Kattel and Jayati Ghosh PART I DEVELOPMENT THINKING ACROSS HISTORY AND GEOGRAPHY 1. Giovanni Botero (1588) and Antonio Serra (1613): Italy and The Birth of Development Economics Erik S. Reinert 2. Economic Emulation and the Politics of International Trade in Early Modern Europe Sophus A. Reinert 3. Cameralism and the German Tradition of Development Economics Erik S. Reinert and Philipp R. Rössner 4. Friedrich List: The International Dynamics of Mindpower Arno Mong Daastøl 5. Kathedersozialismus and the German Historical School Wolfgang Drechsler 6. Chinese Development Thinking Ting Xu 7. The Economic Cycle of Imperial China and Its Development Xuan Zhao 8. Islam and Capitalism: Military Routs, not Formal Institutions Ali Kadri 9. Unity and Diversity in the Ottoman School of National Economy: A Reappraisal of Ziya Gökalp and Ethem Nejat Eyüp Özveren, Mehmet Salih Erkek and Hüseyin Safa Ünal 10. Indian Development Thinking Goddanti Omkarnath 11. Latin American Structuralism: The Co-Evolution of Technology, Structural Change and Economic Growth Mario Cimoli and Gabriel Porcile 12. Revisiting the Debate on National Autonomous Development in Africa Issa G. Shivji 13. Development as the Struggle for Liberation from Hegemonic Structures of Domination and Control Yash Tandon 14. The League of Nations and Alternative Economic Perspectives Carolyn N. Biltoft 15. The Havana Charter: When State and Market Shake Hands Jean-Christophe Graz 16. The UNCTAD System of Political Economy Ricardo Bielschowsky and Antonio Carlos Macedo e Silva PART II APPROACHES TO UNDERSTANDING DEVELOPMENT 17. Marxist Theory and the “Underdeveloped Economies” Prabhat Patnaik 18. Economic Development as an Evolutionary Process Richard B. Nelson 19. Classical Development Economists of the Midtwentieth Century Rainer Kattel, Jan A. Kregel and Erik S. Reinert 20. Development and Régulation Theory Robert Boyer 21. The “Dependency School” and its Aftermath: Why Latin America’s Critical Thinking Switched from One Type of Absolute Certainties to Another José Gabriel Palma 22. Feminist Approaches to Development Maria Sangrario Floro 23. Reading Freeman when Ladders for Development are Gone Rodrigo Arocena and Judith Sutz 24. Albert O. Hirschman Michele Alacevich 25. Michal Kalecki Jayati Ghosh PART III ISSUES IN DEVELOPMENT 26. The Agrarian Question and Trajectories of Economic Transformation: A Perspective from the South Sam Moyo, Praveen Jha and Paris Yeros 27. The Effective Demand Approach to Economic Development Jan A. Kregel 28. Development Planning C.P. Chandrasekhar 29. The Nordic Route to Development Lars Mjøset 30. Competitiveness and Development: A Schumpeterian Approach Mehdi Shafaeddin 31. Innovation Systems and Development: History, Theory and Challenges Bengt-Åke Lundvall 32. Latecomer Industrialisation John A. Mathews 33. The Developmental State in the Late Twentieth Century Elizabeth Thurbon and Linda Weiss 34. Development, Ecology and the Environment Edward B. Barbier and Jacob P. Hochard 35. Competition, Competition Policy, Competitiveness, Globalisation and Development Ajit Singh 36. Knowledge Governance: Intellectual Property Management for Development and the Public Interest Leonardo Burlamaqui 37. Legal Structures and Economic Development: Towards an Ideal Economic Analysis of a Legal Problem Jürgen G. Backhaus 38. Deindustrialisation and Premature Deindustrialisation Fiona Tregenna 39. The Post-Soviet Industrial Extinctions and the Rise of Jihadi Terrorism in the North Caucasus Georgi Derluguian 40. Epilogue: The Future of Economic Development between Utopias and Dystopias Erik S. Reinert, Sylvi Endresen, Ioan Ianos and Andrea Saltelli Index

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Book SynopsisThis twenty-seven chapter book provides an excellent and accessible overview of the literature on rent seeking since its inception. What makes the book a fascinating reading is its application to different areas, such as regulation and economic aid, and presentation of an array of highly readable cases studies, including on China, Greece, India and Russia. It is a must for both students of public finance and policy makers.'- Sanjeev Gupta, International Monetary Fund'Indeed, this book is an indispensable companion to everyone working on rent seeking or the theory or politics of contests. It combines excellent surveys and innovative work of the most eminent researchers in this field.'- Kai Konrad, Director, Max Planck Institute for Tax Law and Public Finance, Munich, GermanyThe quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political economy, although rent seeking can also take place in personal relations and within firms and bureaucracies. The contributions in this outstanding volume provide an accompaniment or 'companion' to the literature on rent seeking and the related political economy of rent creation and extraction. The chapters, written by leading scholars in the field, demonstrate the centrality of rent-related incentives to the study of economics, politics, culture, public administration and history.The expert and original contributions summarize and extend the literature in both theoretical and applied areas of research. The book begins with a clear and comprehensive description of the theory of rent seeking and of contest design for political and bureaucratic rent extraction. This is followed by a series of case studies showing the relevance of rent seeking for regulatory policies, international-trade policies, public finance, natural-resource discoveries, development aid, behavior in international bureaucracies, litigation and judicial systems. The applied chapters also include overviews of rent seeking and rent extraction in Europe, Russia, Asia, Africa and the US.This volume will appeal to a broad readership, including economists, political scientists and development practitioners, wishing to gain an understanding of the concept of rent seeking. The chapters in this book also provide an excellent introduction to the extensive literature.Contributors: J. A. Amegashie, M. Brooks, R.D. Congleton, G. Dari-Mattiacci, R.T. Deacon, G.S. Epstein, S. Flamand, R.J. Hagan, A.L. Hillman, R.G. Holcombe, C. Kang, M.S. Kimenyi, E. Langlais, M.I. Levin, N. Van Long, B. Lovat, B. Luppi, S. Marjit, J.M. Mbaku, Y. Mealem, T. Moutos, D. C. Mueller, V. Mukherjee, S. Nitzan, M. Paldam, F. Parisi, L. Pechlivanos, L. Qijun, A. Rode, G.A.Satarov, R.M. Sheremeta, W.F. Shughart II, D.W. Thomas, G. Tridimas, O. Troumpounis, R. Vaubel, K. WärnerydTrade Review‘This twenty-seven chapter book provides an excellent and accessible overview of the literature on rent seeking since its inception. What makes the book a fascinating reading is its application to different areas, such as regulation and economic aid, and presentation of an array of highly readable cases studies, including on China, Greece, India and Russia. It is a must for both students of public finance and policy makers.’ -- Sanjeev Gupta, International Monetary Fund‘Indeed, this book is an indispensable companion to everyone working on rent seeking or the theory or politics of contests. It combines excellent surveys and innovative work of the most eminent researchers in this field.’ -- Kai Konrad, Director, Max Planck Institute for Tax Law and Public Finance, Munich, GermanyTable of ContentsContents: PART I: INTRODUCTION 1. The Nature of Rent Seeking Roger D. Congleton 2. Rent Seeking as Political Economy Arye L. Hillman PART II: THEORY 3. The Theory of Contests: A Unified Model and Review of the Literature Ngo Van Long 4. Contestable Policies Gil S. Epstein and Shmuel Nitzan 5. Asymmetries in Rent Seeking Giuseppe Dari-Mattiacci, Eric Langlais, Bruno Lovat, and Francesco Parisi 6. Prize-sharing Rules in Collective Rent Seeking Sabine Flamand and Orestis Troumpounis 7. Rent Seeking and Organizational Structure Karl Wärneryd 8. Contest Effort Yosef Mealem and Shmuel Nitzan 9. Sabotage in Contests J. Atsu Amegashie 10. Behavioral Dimensions of Contests Roman M. Sheremeta PART III: APPLICATIONS AND OUTCOMES 11. Regulatory Rent Seeking William F. Shughart II and Diana W. Thomas 12. Rents and International Trade Policy Arye L. Hillman 13. Rent Seeking Through Public Finance Michael Brooks 14. Rent Seeking and the Resource Curse Robert T. Deacon and Ashwin Rode 15. Rents and the Political Economy of Development Aid Rune Jansen Hagen 16. Rent Seeking in International Organizations Roland Vaubel 17. Litigation as Rent Seeking Francesco Parisi and Barbara Luppi PART IV: THE REALITY OF RENTS 18. Profit Seeking and Rent Seeking in the United States and Europe Dennis C. Mueller 19. Rents in a Welfare State Martin Paldam 20. Rent Seeking Through Control of the State in Russia Mark I. Levin and Georgy A. Satarov 21. Rents and Development Failure in Africa John Mukum Mbaku and Mwangi S. Kimenyi 22. Economic Development and Corruption in China in the Shadow of Rent Seeking Kang Chen and Liu Qijung 23. Market Liberalization and Rent Seeking in India Sugata Marjit and Vivekananda Mukherjee 24. The Democratization of Rent Seeking in Modern Greece Thomas Moutos and Lambros Pechlivanos 25. Rent Seeking in the Democracy of Ancient Greece George Tridimas PART IV: CONSTITUTIONS AND INSTITUTIONS 26. Rent Seeking and Constitutional Political Economy Randall G. Holcombe 27. Rent Seeking and Organizational Governance: Limiting the Losses from Intra-organizational Conflict Roger D. Congleton Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. The intellectual origins of the area are explicated, and the current state of the subfield outlined. Specific topics covered include conflict over terminology, pedagogy, and content in the field of economics, measurement of the unmeasured economy, the role of caring labor in the economy, heteronormativity in economics, feminist approaches to economic development, multiple approaches to empiricism, modeling of intrahousehold relationships, consideration of the role of property rights in reifying gender roles, differential effects of international trade and finance by gender, and feminist approaches to public finance and social welfare.Trade Review‘This is a very refreshing supplement to most economics textbooks we deploy in our classrooms. The book provides a concise overview of ideas that have critiqued Homo economicus at an epistemological, theoretical, analytical, computational, ethical, and policy level for more than 100 years. Homo economicus rises from the pages as a sentient being who can love, give birth, care for others. She or he can interact instead of just transact, recognize that markets fail, and sacrifice for the collective good. I will certainly be featuring her in my own syllabi!’ -- Shareen Joshi, Journal of Economic Literature‘This book is a treasure trove for those embarking on “doing” feminist economics.’ -- Rajshree Bedamatta,LSE Review of Books'With this interesting and highly relevant book, Joyce Jacobsen has provided a masterful account of the issues, debates, and ideas that feminist economists have written about for decades. Jacobsen has both the research record and the career trajectory to write as a leading expert on the intersections between economics and feminism. This is no ordinary textbook; rather it is an informed and carefully-crafted digest that fills a gaping hole in the literature and will enlighten students and educators alike.' --Yana van der Meulen Rodgers, Rutgers, The State University of New Jersey, USTable of ContentsContents: Preface 1. What is feminist economics? 2. Measuring the unmeasured economy 3. Intrahousehold allocation, bargaining, and relationships 4. Family structure and social policy 5. Rejecting normativity 6. Feminist labor economics 7. Caring 8. Feminist approaches to development 9. Feminist environmental and ecological economics 10. Gendered consumption and investment patterns 11. Feminist macroeconomics and economic growth 12. Feminist international trade and finance 13. Who gets what? 14. Feminist public finance and regulation 15. Feminist activism, reactivism, and social change 16. Feminist economists and the economics profession Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. The intellectual origins of the area are explicated, and the current state of the subfield outlined. Specific topics covered include conflict over terminology, pedagogy, and content in the field of economics, measurement of the unmeasured economy, the role of caring labor in the economy, heteronormativity in economics, feminist approaches to economic development, multiple approaches to empiricism, modeling of intrahousehold relationships, consideration of the role of property rights in reifying gender roles, differential effects of international trade and finance by gender, and feminist approaches to public finance and social welfare.Trade Review‘This is a very refreshing supplement to most economics textbooks we deploy in our classrooms. The book provides a concise overview of ideas that have critiqued Homo economicus at an epistemological, theoretical, analytical, computational, ethical, and policy level for more than 100 years. Homo economicus rises from the pages as a sentient being who can love, give birth, care for others. She or he can interact instead of just transact, recognize that markets fail, and sacrifice for the collective good. I will certainly be featuring her in my own syllabi!’ -- Shareen Joshi, Journal of Economic Literature‘This book is a treasure trove for those embarking on “doing” feminist economics.’ -- Rajshree Bedamatta,LSE Review of Books'With this interesting and highly relevant book, Joyce Jacobsen has provided a masterful account of the issues, debates, and ideas that feminist economists have written about for decades. Jacobsen has both the research record and the career trajectory to write as a leading expert on the intersections between economics and feminism. This is no ordinary textbook; rather it is an informed and carefully-crafted digest that fills a gaping hole in the literature and will enlighten students and educators alike.' --Yana van der Meulen Rodgers, Rutgers, The State University of New Jersey, USTable of ContentsContents: Preface 1. What is feminist economics? 2. Measuring the unmeasured economy 3. Intrahousehold allocation, bargaining, and relationships 4. Family structure and social policy 5. Rejecting normativity 6. Feminist labor economics 7. Caring 8. Feminist approaches to development 9. Feminist environmental and ecological economics 10. Gendered consumption and investment patterns 11. Feminist macroeconomics and economic growth 12. Feminist international trade and finance 13. Who gets what? 14. Feminist public finance and regulation 15. Feminist activism, reactivism, and social change 16. Feminist economists and the economics profession Index

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Book SynopsisFor most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theory's distinction between cooperative and non-cooperative games, he defines economics as the study of the development of cooperative agreements in the economy and the failure to bring them about. Orthodox economists who think in terms of a competitive model and heterodox economists who adhere to a class conflict paradigm will both find their ideas challenged by McCain's new frame that sees mature capitalism as the result of class compromise based on an imperfectly cooperative game.'- Donald R. Stabile, St. Mary s College of Maryland, USThe objectives of this book are twofold. Firstly, it proposes that economics should be defined as a study of imperfect cooperation. Secondly, it elucidates the continuities that extend from classical political economy through the neoclassical, Keynesian, and modern economics of the twenty-first century.Roger McCain explores economics as the study of cooperative arrangements, or the ways in which people work together. He asserts that there is no 'new paradigm', but rather a more encompassing cognitive frame. In the same spirit, the book borrows freely, without doctrinarism, from Austrian and other heterodox traditions - including Marxism where it is helpful - and social philosophers in the social contract tradition. Game theory of both branches plays a key role throughout.Presenting an innovative new framework for the major topics that together make up economic theory, this highly accessible book will strongly appeal to economics scholars, researchers and students, especially those in the fields of heterodox economics and the history of economic thought.Contents: 1. Introduction Part I: How People Work Together 2. Production: The Benefit of Working Together 3. Game Theory: Problems of Working Together 4. Exchange: How Difference Enriches Us 5. Further Benefits of Working Together: Sharing Risk Part II: Information is Not Free 6. Information is Not Free 7. Governance 8. A Grand Coalition of the Whole Society 9. Macroeconomics 10. Political Economy IndexTrade Review‘For most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theory’s distinction between cooperative and non-cooperative games, he defines economics as the study of the development of cooperative agreements in the economy and the failure to bring them about. Orthodox economists who think in terms of a competitive model and heterodox economists who adhere to a class conflict paradigm will both find their ideas challenged by McCain’s new frame that sees mature capitalism as the result of class compromise based on an imperfectly cooperative game.’ -- Donald R. Stabile, St. Mary’s College of Maryland, USTable of ContentsContents: 1. Introduction Part I: How People Work Together 2. Production: The Benefit of Working Together 3. Game Theory: Problems of Working Together 4. Exchange: How Difference Enriches Us 5. Further Benefits of Working Together: Sharing Risk Part II: Information is Not Free 6. Information is Not Free 7. Governance 8. A Grand Coalition of the Whole Society 9. Macroeconomics 10. Political Economy Index

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Book SynopsisFor most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theory's distinction between cooperative and non-cooperative games, he defines economics as the study of the development of cooperative agreements in the economy and the failure to bring them about. Orthodox economists who think in terms of a competitive model and heterodox economists who adhere to a class conflict paradigm will both find their ideas challenged by McCain's new frame that sees mature capitalism as the result of class compromise based on an imperfectly cooperative game.'- Donald R. Stabile, St. Mary s College of Maryland, USThe objectives of this book are twofold. Firstly, it proposes that economics should be defined as a study of imperfect cooperation. Secondly, it elucidates the continuities that extend from classical political economy through the neoclassical, Keynesian, and modern economics of the twenty-first century.Roger McCain explores economics as the study of cooperative arrangements, or the ways in which people work together. He asserts that there is no 'new paradigm', but rather a more encompassing cognitive frame. In the same spirit, the book borrows freely, without doctrinarism, from Austrian and other heterodox traditions - including Marxism where it is helpful - and social philosophers in the social contract tradition. Game theory of both branches plays a key role throughout.Presenting an innovative new framework for the major topics that together make up economic theory, this highly accessible book will strongly appeal to economics scholars, researchers and students, especially those in the fields of heterodox economics and the history of economic thought.Contents: 1. Introduction Part I: How People Work Together 2. Production: The Benefit of Working Together 3. Game Theory: Problems of Working Together 4. Exchange: How Difference Enriches Us 5. Further Benefits of Working Together: Sharing Risk Part II: Information is Not Free 6. Information is Not Free 7. Governance 8. A Grand Coalition of the Whole Society 9. Macroeconomics 10. Political Economy IndexTrade Review‘For most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theory’s distinction between cooperative and non-cooperative games, he defines economics as the study of the development of cooperative agreements in the economy and the failure to bring them about. Orthodox economists who think in terms of a competitive model and heterodox economists who adhere to a class conflict paradigm will both find their ideas challenged by McCain’s new frame that sees mature capitalism as the result of class compromise based on an imperfectly cooperative game.’ -- Donald R. Stabile, St. Mary’s College of Maryland, USTable of ContentsContents: 1. Introduction Part I: How People Work Together 2. Production: The Benefit of Working Together 3. Game Theory: Problems of Working Together 4. Exchange: How Difference Enriches Us 5. Further Benefits of Working Together: Sharing Risk Part II: Information is Not Free 6. Information is Not Free 7. Governance 8. A Grand Coalition of the Whole Society 9. Macroeconomics 10. Political Economy Index

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Book SynopsisThis book contends that post Keynesian economics has its own methodological and didactic basis, and its realistic analysis is much-needed in the current economic and financial crisis. At a time when the original message of Keynes' General Theory is no longer present in most university syllabuses, this book celebrates the uniqueness of teaching post Keynesian economics, providing comparisons with traditional economic rationale and illustrating the advantages of post Keynesian pedagogy. Against a backdrop in which neo-classical textbooks prevail, the expert contributors demonstrate that Keynes and The General Theory possess indispensable insight that would furnish students with a clearer understanding of the world economy in which they live. They explore the teaching of post Keynesian economics from a number of different perspectives, covering topics such as open system theorizing, pluralism in teaching, rhetoric in the spirit of Keynes, uncertainty, expectations and money. A critique of mainstream and traditional economic textbooks is also provided. This highly unique and fascinating book will provide an invaluable reference tool for teachers and researchers in post Keynesian economics, as well as their students.Table of ContentsContents: Introduction Jesper Jespersen and Mogens Ove Madsen 1. Teaching Post-Keynesian Economics in a Mainstream Department Marc Lavoie 2. The Economist who Mistook his Model for a Market Roy J. Rotheim 3. The Future is Open: On Open-system Theorising in Economics Victoria Chick 4. Teaching Open-System Economics Sheila Dow 5. Pluralism in Economics Education Andy Denis 6. Truth and Beauty in Macroeconomics Allin Cottrell 7. Rhetoric in the Spirit of Keynes: Metaphors to Persuade Economists, Students and the Public about Fiscal Policy Bruce Littleboy 8. Teaching Macroeconomics: Seeking Inspiration from Paul Davidson Finn Olesen 9. What About the Mainstream Critique of American Principles of Economics Textbooks? Poul Thøis Madsen 10. Teaching Keynes’s Theory to Neoclassically Formed Minds Angel Asensio 11. Neoclassical and Keynesian Macro Models: Thinking About the ‘Special Case’ Marco Missaglia 12. Economists on the 2008 Financial Crisis: Genuine Reflection; or Constructing Narratives to Reaffirm the Profession’s Authority? Michael J. Salvagno Index

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Book Synopsis'A failing orthodoxy calls out for powerful alternatives. Neoclassical economics is that failed orthodoxy; Whalen and his contributors are the critical alternative. In this finely orchestrated edited volume, the contributors take turns wielding a sledgehammer to demolish the weakened edifice of neoclassical theory. Then, each adds a brick to a new theoretical foundation as they work together to expand upon the Post-Keynesian Institutionalist approach, especially the ideas laid down by Hyman Minsky. Their critique is clear and the alternative theory and policies they present are critical for anyone trying to understand the nature and operation of market-based economies.' - Dorene Isenberg, University of Redlands 'A convergence of Post Keynesian and Institutional economics, which have much in common, offers a sound and practical way forward after the Great Recession. By drawing inspiration from Hyman Minsky and tracing similarities in the economics of Veblen, Commons and Keynes, this book pursues such a convergence in an original and thought-provoking manner. The result is a new way of thinking about economics, one based on serious economic theory and rooted firmly in economic reality.' - Philip Arestis, University of Cambridge, UK This timely book rethinks economic theory and policy by addressing the problem of economic instability and the need to secure broadly shared prosperity. It stresses that advancing economics in the wake of the Great Recession requires an evolutionary standpoint, greater attention to uncertainty and expectations, and the integration of finance into macroeconomics. The result is a broader array of policy options - and challenges - than conventional economics presents. Building on the pioneering work of Thorstein Veblen, John R. Commons and John Maynard Keynes, the authors synthesize key insights from Institutional and Post Keynesian economics into Post-Keynesian Institutionalism. Then they use that framework to explore an array of economic problems confronting the United States and the world. Inspired by the work of Hyman Minsky, the authors place financial relations at the center of their analysis of how economies operate and change over time. Students and scholars of macroeconomics and public policy will find this book of interest, as will a wider audience of financial analysts, policy makers and citizens interested in understanding economic booms and downturns.Trade ReviewIn the 1930s, economic theory and policy underwent dramatic change; such a shift occurs rarely and only in times of great calamity. We are in a similar period today, and this book enlightens economic policy and contributes to change that is ongoing in the mainstream of economic thinking. Economists and policymakers alike will benefit from this book. --Ronnie J. Phillips, Colorado State University, USFor those who take the work of Hyman Minsky seriously, this collection of essays provides a most welcome and refreshing examination of modern economic reality. It also demonstrates just how fruitful a conjoining of Post Keynesian and Institutionalist theory can be. Whalen has chosen his authors wisely, and, taken as a whole, their contributions provide an illuminating inquiry into what Minsky called ''money-manager capitalism''. The authors continue in the Minsky tradition, complementing his theoretical work and driving it forward. I highly recommend this book to not only economists who consider themselves Post Keynesian or Institutionalist, but to all who are looking for a way out of the theoretical impasse posed by conventional economics. --John Henry, University of Missouri-Kansas CityFinancial Instability and Economic Security after the Great Recession explores the close relationship between Institutional and Post Keynesian economics, thereby contributing greatly to our understanding of the recent - indeed, still ongoing - crisis in the U.S. economy and global financial markets. Together these two schools of thought provide coherent diagnoses and prescriptions that are wholly lacking in orthodox neoclassical theory. We are reminded that institutions matter, unregulated financial markets are not self-correcting, economies stall at equilibriums far below potential, and activist government is the only path to rebuilding a stable and balanced economy. This book will help greatly in the important task of rethinking economics and pointing us in the direction of reform and recovery. --Timothy A. Canova, Chapman University School of LawTable of ContentsContents: Preface Introduction: Instability, Prosperity and Economics After the Great Recession Charles J. Whalen PART I: FOUNDATIONS 1. Subverting Say’s Law: Harlan McCracken and the Commons-Keynes Connection Steven Kates 2. Towards a Synthesis of Institutional and Post Keynesian Economics W. Robert Brazelton and Charles J. Whalen 3. Futurity: Cornerstone of Post-Keynesian Institutionalism Glen Atkinson and Charles J. Whalen PART II: THE AMERICAN ECONOMY 4. Understanding and Preventing Financial Instability: Post-Keynesian Institutionalism and Government as Employer of Last Resort Fadhel Kaboub 5. Towards a More Rapid Recovery: Incorporating Subsidiarity into Macroeconomic Policy David A. Zalewski and Charles J. Whalen 6. Financial Stability, Regulatory Buffers and Economic Growth After the Great Recession: Some Regulatory Implications Éric Tymoigne PART III: THE GLOBAL ECONOMY 7. Regulating for Stability: Bank Capitalization and the Emergence of an International Lender of Last Resort Jan Toporowski 8. Evolution Without Fundamental Change: The Washington Consensus on Economic Development and its Significance for Post-Keynesian Institutionalism John Marangos and Charles J. Whalen 9. Money-manager Capitalism, Capital Flows and Development in Emerging Market Economies: A Post-Keynesian Institutionalist Analysis Yan Liang PART IV: CONCLUSION 10. The Future of Post-Keynesian Institutionalism Charles J. Whalen Index

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Book SynopsisPost Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other 'Keynesianisms', emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.'- Sheila Dow, University of Stirling, UK and University of Victoria, Canada'John E. King's Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.'- Eckhard Hein, Berlin School of Economics and Law, GermanyElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives.John King sets out the distinctive features of Post Keynesian economics and their implications for the assessment of alternative proposals for domestic and international macroeconomic policy. He begins by outlining the core elements of Post Keynesian theory and explains how it differs from other schools, including the so-called 'Old Keynesian' and 'New Keynesian' theories. Subsequent chapters deal with the important methodological issues that distinguish the Post Keynesians from mainstream economists, in addition to their treatment of firms, workers and households, the analysis of economic growth and development, as well as international economics.The Post Keynesian approach to monetary and fiscal policy, incomes and the environment is also summarized, with particular attention being paid to controversies over austerity and the reform of the financial sector and international monetary system. The Global Financial Crisis of 2007-2008 is used as a case study to illustrate many of the significant theoretical and policy questions raised in previous chapters. The relationship between Post Keynesian and other branches of heterodox economics are explored, and the book concludes with a brief discussion of the future prospects for the Post Keynesian school.Trade Review‘The Elgar Advanced Introduction series is a very good idea and fills a real gap in the literature. John King is an excellent choice as the author of the Post Keynesian volume. In past work he has explained his preference for a Kalecki–Keynes–Marx synthesis in economy theory. He is no ideologue, however, and all the different strands of Post Keynesianism get a fair hearing. It is also made clear what Post Keynesian economics is not – almost anything called “Keynesian” in the standard textbooks.’ -- John Smithin, York University, Canada‘Post Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other “Keynesianisms”, emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.’ -- Sheila Dow, University of Stirling, UK and University of Victoria, Canada‘Advanced Introduction to Post Keynesian Economics is vintage John King. Written with his usual clarity, thoroughness and hard-headedness, he takes his readers systematically through the structure of Post Keynesian economics, its approach to the central issues and problems that face the modern inter-related world economy, and the implication for policy. King places Post Keynesianism in historical and analytical context, compares and contrasts its characteristics with other heterodox approaches, as well as to that of the mainstream. He honestly sets out limitations and realistically assesses its likely future and influence. The volume is a tour de force, as is to be expected of an author who has made fundamental contributions to many different areas over his long and productive working life.’ -- G.C. Harcourt, University of New South Wales, Australia‘John E. King’s Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.’ -- Eckhard Hein, Berlin School of Economics and Law, Germany‘John E. King, who is well known for his book on the history of post-Keynesian economics (King 2002), addresses his topic from different angles, allowing him to draw a very comprehensive and versatile picture of post-Keynesianism?. After a short introduction, his second chapter deals with six core propositions of post-Keynesian economics. . .This is extremely helpful for people who have a fair mastery of economics but only know the simple textbook representations of Keynesian economics. King concludes with a chapter highlighting similarities and differences between post-Keynesians and other schools of thought.’ -- Torsten Niechoj?,? European Journal of Economics and Economic Policies: Intervention ?Table of ContentsContents: 1. Introduction 2. The Core of Post Keynesian Economics 3. What Post Keynesian Macroeconomics is Not 4. Some Methodological Issues 5. Post Keynesian Microeconomics 6. Economic Growth, Development and the World Economy 7. Why it all Matters: Economic Policy 8. A Case Study: The Global Financial Crisis 9. Post Keynesians and Other Schools of Thought 10. Some Final Questions Index

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Book SynopsisPost Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other 'Keynesianisms', emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.'- Sheila Dow, University of Stirling, UK and University of Victoria, Canada'John E. King's Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.'- Eckhard Hein, Berlin School of Economics and Law, GermanyElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.This brief but comprehensive account of the Post Keynesian approach to economic theory and policy is ideal for advanced undergraduate and postgraduate students in economics, public policy and other social sciences. Clear, non-technical and with a strong policy focus, it will also appeal to all of those who are dissatisfied with mainstream economics and wish to explore the alternatives.John King sets out the distinctive features of Post Keynesian economics and their implications for the assessment of alternative proposals for domestic and international macroeconomic policy. He begins by outlining the core elements of Post Keynesian theory and explains how it differs from other schools, including the so-called 'Old Keynesian' and 'New Keynesian' theories. Subsequent chapters deal with the important methodological issues that distinguish the Post Keynesians from mainstream economists, in addition to their treatment of firms, workers and households, the analysis of economic growth and development, as well as international economics.The Post Keynesian approach to monetary and fiscal policy, incomes and the environment is also summarized, with particular attention being paid to controversies over austerity and the reform of the financial sector and international monetary system. The Global Financial Crisis of 2007-2008 is used as a case study to illustrate many of the significant theoretical and policy questions raised in previous chapters. The relationship between Post Keynesian and other branches of heterodox economics are explored, and the book concludes with a brief discussion of the future prospects for the Post Keynesian school.Trade Review‘The Elgar Advanced Introduction series is a very good idea and fills a real gap in the literature. John King is an excellent choice as the author of the Post Keynesian volume. In past work he has explained his preference for a Kalecki–Keynes–Marx synthesis in economy theory. He is no ideologue, however, and all the different strands of Post Keynesianism get a fair hearing. It is also made clear what Post Keynesian economics is not – almost anything called “Keynesian” in the standard textbooks.’ -- John Smithin, York University, Canada‘Post Keynesianism offers an appealing alternative to the mainstream approach to economics, which makes this volume particularly welcome. John King draws on his expertise to provide a clear, accessible and cohesive overview. He explains how Post Keynesian economics is different from other schools of thought, including other “Keynesianisms”, emphasizing its distinctive methodology. King explores the nature and evolution of Post Keynesian ideas and spells out their relevance for current economic analysis and policy-making, using the crisis as a case study.’ -- Sheila Dow, University of Stirling, UK and University of Victoria, Canada‘Advanced Introduction to Post Keynesian Economics is vintage John King. Written with his usual clarity, thoroughness and hard-headedness, he takes his readers systematically through the structure of Post Keynesian economics, its approach to the central issues and problems that face the modern inter-related world economy, and the implication for policy. King places Post Keynesianism in historical and analytical context, compares and contrasts its characteristics with other heterodox approaches, as well as to that of the mainstream. He honestly sets out limitations and realistically assesses its likely future and influence. The volume is a tour de force, as is to be expected of an author who has made fundamental contributions to many different areas over his long and productive working life.’ -- G.C. Harcourt, University of New South Wales, Australia‘John E. King’s Advanced Introduction to Post Keynesian Economics provides a superb overview of this school of thought. It covers the main areas of contribution and distinguishes Post Keynesian economics both from orthodox economics and from other heterodox schools, in a clear and accessible way. In a time of increasing demand for relevance and pluralism in economics, this book will be extremely useful for students and young researchers interested in alternatives to current mainstream economics.’ -- Eckhard Hein, Berlin School of Economics and Law, Germany‘John E. King, who is well known for his book on the history of post-Keynesian economics (King 2002), addresses his topic from different angles, allowing him to draw a very comprehensive and versatile picture of post-Keynesianism?. After a short introduction, his second chapter deals with six core propositions of post-Keynesian economics. . .This is extremely helpful for people who have a fair mastery of economics but only know the simple textbook representations of Keynesian economics. King concludes with a chapter highlighting similarities and differences between post-Keynesians and other schools of thought.’ -- Torsten Niechoj?,? European Journal of Economics and Economic Policies: Intervention ?Table of ContentsContents: 1. Introduction 2. The Core of Post Keynesian Economics 3. What Post Keynesian Macroeconomics is Not 4. Some Methodological Issues 5. Post Keynesian Microeconomics 6. Economic Growth, Development and the World Economy 7. Why it all Matters: Economic Policy 8. A Case Study: The Global Financial Crisis 9. Post Keynesians and Other Schools of Thought 10. Some Final Questions Index

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Book SynopsisDespite the important methodological critiques of the mainstream offered by heterodox economics, the dominant research method taught in heterodox programmes remains econometrics. This compelling handbook provides a comprehensive introduction to a range of alternative research methods, invaluable for analyzing the data prominent in heterodox studies.Providing a solid basis for a mixed methods approach to economic investigations, the expertly crafted contributions are split into three distinct sections: philosophical foundation and research strategy, research methods and data collection, and applications. Introductions to a host of invaluable methods such as survey, historical, ethnographic, experimental and mixed approaches, together with factor, cluster, complex, and social network analytics are complemented by descriptions of applications in practice. Practical and expansive, this handbook is highly pertinent for students and scholars of economics, particularly those dedicated to heterodox approaches, as it provides a solid reference for mixed methods not available in mainstream economics research methods courses.Contributors: V. Adams, S. Austen, A. Basole, M. Bewley, N. Bracarense, T. Cardao-Pito, Z.B. Catanzarite, L. Chester, J.F. Cogliano, B. Cronin, B. Davidson, C.D. Deere, P. Downward, A. Gezici, G.C. Gu, T. Jefferson, X. Jiang, A.R. Johnson, T.E. Lambert, F.S. Lee, G. Lewin, N.O. Martins, A. Mearman, M. Meurs, J. Morgan, J.K. Moudud, J. Muñoz, M.J. Murray, R. Ong, L. Pickbourn, S. Ramnarain, S.K. Schroeder, R. Sharp, R. Szostack, G. ZezzaTrade Review'A very welcome compendium on the wide range of research methods available for economists and social scientists more generally. Highly recommended, particularly for those wishing to explore alternative methods to be applied in all fields of economic analysis and beyond. There are insightful and helpful applications of the methods to a wide range of topics to illustrate how they can be used.' --Malcolm Sawyer, University of Leeds, UK'This is a good handbook and is not just methodology per se, it is useful for applying it to our work in a consistent way.' --History of Economic Thought and PolicyTable of ContentsContents: Introduction PART I. PHILOSOPHICAL FOUNDATION AND RESEARCH STRATEGY 1. Critical Realism as a Social Ontology for Economics Jamie Morgan 2. Critical Realism, Method of Grounded Theory, and Theory Construction Frederic S. Lee 3. An Interdisciplinary Perspective on Heterodoxy Rick Szostak PART II. RESEARCH METHODS AND DATA COLLECTION 4. Separate or Symbiotic? Quantitative and Qualitative Methods in (Heterodox) Economics Research Lynda Pickbourn and Smita Ramnarain 5. Historical Method and Data Natalia Bracarense and A. Reeves Johnson 6. Using Survey Methods in Heterodox Economic Research Tiago Cardão-Pito 7. Qualitative and Ethnographic Methods in Economics Amit Basole and Smita Ramnarain 8. Experimental Methods and Data Andrew Mearman 9. Factor Analysis, Cluster Analysis, and Nonparametric Research Methods for Heterodox Economic Analysis Michael J. Murray 10. Regression Analysis: A Review Paul Downward 11. Critical Realism, Econometrics, and Heterodox Economics Nuno Ornelas Martins 12. Social Network Analysis Bruce Cronin 13. Agent-Based Computational Economics: Simulation Tools for Heterodox Research Jonathan F. Cogliano and Xiao Jiang 14. Modeling as a Research Method in Heterodox Economics Frederic S. Lee 15. Multiple and Mixed Methods Research for Economics? Bruce Cronin PART III. APPLICATIONS 16. A Mixed Methods Approach to Investment Behavior Armağan Gezici 17. Price Stability Gyun Cheol Gu 18. Studying Low-Income Households: Challenges and Issues Lynne Chester 19. Marketisation and Human Service Providers: An Industry Study Bob Davidson 20. A Qualitative Case Study of the Mexican Stock Market (BMV) from the Perspective of Critical Realism and Grounded Theory Jesús Muñoz 21. Looking into the Black Box: Policy as a Contested Process Jamee K. Moudud 22. Modeling the Economy as a Whole: Stock-Flow Models Gennaro Zezza 23. A Mixed Methods Approach to Investigating the Employment Decisions of Aged Care Workers in Australia Therese Jefferson, Siobhan Austen, Rhonda Sharp, Rachel Ong, Valerie Adams and Gill Lewin 24. Combining Qualitative and Quantitative Methods in Field Work: An Application to Research on Gender, Migration and Remittances in Ghana Lynda Pickbourn 25. A Data Triangulation Approach to Understanding the Behavior of Small Landholders in Bulgaria Mieke Meurs 26. Measuring the Intra-Household Distribution of Wealth in Ecuador: Qualitative Insights and Quantitative Outcomes Carmen Diana Deere and Zachary B. Catanzarite 27. The Use of Quasi-Experimental Design in Urban and Regional Policy Research and Political Economy Thomas E. Lambert and Michael Bewley 28. Detecting Business Cycles Susan K. Schroeder 29. A Régulationist Analysis of an Industry Sector using Mixed Research Methods Lynne Chester Index

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Book Synopsis>This research review discusses and analyses a unique collection of key publications at the intersection of biology and economics, two disciplines that share a common subject: Homo sapiens. Beginning with Thomas Malthus - whose dire predictions of mass starvation due to population growth influenced Charles Darwin - economists have routinely used biological arguments in their models and methods. The review summarizes the most important of these developments in areas such as sociobiology, evolutionary psychology, behavioral ecology, behavioral economics and finance, neuroeconomics, and behavioral genomics. This research review will be an indispensable tool for economists, biologists, and practitioners looking to develop a deeper understanding of the limits of Homo economicus.Trade Review‘Biology and economics have a good deal to say to each other but, oddly, neither party seems fully to appreciate the fact. Lo and Zhang provide an important service by collecting key papers that apply ideas from biology to economics. Topics range from the deep history of the fields to more recent evolutionary models of market dynamics. There is good reason to hope that these volumes will encourage much more interaction between biologists and economists.’ -- H. Allen Orr, University of Rochester, USTable of ContentsContents: Volume I Acknowledgements Introduction Andrew W. Lo and Ruixun Zhang PART I FOUNDATIONS 1. Rev. T. R. Malthus (1830), ‘On Population’, in A Summary View of the Principle of Population, London, UK: John Murray, i, 1–77 2. Joseph A. Schumpeter (1947), ‘The Creative Response in Economic History’, Journal of Economic History, VII (2), November, 149–59 3. Armen A. Alchian (1950), ‘Uncertainty, Evolution, and Economic Theory’, Journal of Political Economy, 58 (3), June, 211–21 4. J. Hirshleifer (1977), ‘Economics from a Biological Viewpoint’, Journal of Law and Economics, 20 (1), April, 1–52 5. Richard R. Nelson (1995), ‘Recent Evolutionary Theorizing About Economic Change ’, Journal of Economic Literature, XXXIII (1), March, 48–90 PART II SOCIOBIOLOGY 6. W. D. Hamilton (1964), ‘The Genetical Evolution of Social Behaviour I and II’, Journal of Theoretical Biology, 7 (1), July, 1–16, 17–52 7. Robert L. Trivers (1971), ‘The Evolution of Reciprocal Altruism’, Quarterly Review of Biology, 46 (1), March, 35–57 [23] 8. Richard D. Alexander (1974), ‘The Evolution of Social Behavior’, Annual Review of Ecology and Systematics, 5, November, 325–83 9. David Sloan Wilson and Elliott Sober (1994), ‘Reintroducing Group Selection to the Human Behavioral Sciences’, Behavioral and Brain Sciences, 17 (4), December, 585–608, references 10. Herbert Gintis, Samuel Bowles, Robert Boyd and Ernst Fehr (2003), ‘Explaining Altruistic Behavior in Humans’, Evolution and Human Behavior, 24 (3), May, 153–72 11. Joseph Henrich (2004), ‘Cultural Group Selection, Coevolutionary Processes and Large-Scale Cooperation’, Journal of Economic Behavior and Organization: Evolution and Altruism, 53 (1), January, 3–35 12. Martin A. Nowak (2006), ‘Five Rules for the Evolution of Cooperation’, Science, 314 (5805), December, 1560–63 13. David Sloan Wilson and Edward O. Wilson (2007), ‘Rethinking the Theoretical Foundation of Sociobiology’, Quarterly Review of Biology, 82 (4), December, 327–48 PART III EVOLUTIONARY PSYCHOLOGY AND BEHAVIORAL ECOLOGY 14. Erika R. Behrend, and M. E. Bitterman (1961), ‘Probability-Matching in the Fish’, American Journal of Psychology, 74 (4), December, 542–51 15. R. J. Herrnstein (1961), ‘Relative and Absolute Strength of Response as a Function of Frequency of Reinforcement’, Journal of the Experimental Analysis of Behavior, 4 (3), July, 267–72 16. Colin W. Clark (1973), ‘The Economics of Overexploitation’, Science, 181 (4100), August, 630–34 17. Colin W. Clark and Marc Mangel (1986), ‘The Evolutionary Advantages of Group Foraging’, Theoretical Population Biology, 30 (1), August, 45–75 18. Lawrence D. Harder and Leslie A. Real (1987), ‘Why Are Bumble Bees Risk Averse?’, Ecology, 68 (4), August, 1104–8 19. Leda Cosmides and John Tooby (1994), ‘Better than Rational: Evolutionary Psychology and the Invisible Hand’, American Economic Review: Papers and Proceedings, 84 (2), May, 327–32 20. Herbert Gintis (2007), ‘Review of Adapting Minds: Evolutionary Psychology and the Persistent Quest for Human Nature’, Journal of Bioeconomics, 9 (2), August, 191–9 21. Avraham Be'er, H. P. Zhang, E. -L. Florin, Shelley M. Payne, Eshel Ben-Jacob and Harry L. Swinney (2009), ‘Deadly Competition between Sibling Bacterial Colonies’, Proceedings of the National Academy of Sciences, 106 (2), January, 428–33 22. Kenneth J. Arrow and Simon A. Levin (2009), ‘Intergenerational Resource Transfers with Random Offspring Numbers’, Proceedings of the National Academy of Sciences, 106 (33), August, 13702–6 23. Thomas J. Brennan and Andrew W. Lo (2011), ‘The Origin of Behavior’, Quarterly Journal of Finance, 1 (1), March, 55–108 PART IV THE BIOLOGICAL FOUNDATIONS OF UTILITY 24. Ingemar Hansson and Charles Stuart (1990), ‘Malthusian Selection of Preferences’, American Economic Review, 80 (3), June, 529–44 25. Alan R. Rogers (1994), ‘Evolution of Time Preference by Natural Selection’, American Economic Review, 84 (3), June, 460–81 26. Arthur J. Robson (1996), ‘A Biological Basis for Expected and Non-expected Utility’, Journal of Economic Theory, 68 (2), February, 397–424 27. Arthur J. Robson (2001), ‘The Biological Basis of Economic Behavior’, Journal of Economic Literature, XXXIX (1), March, 11–33 28. Rose McDermott, James H. Fowler and Oleg Smirnov (2008), ‘On the Evolutionary Origin of Prospect Theory Preferences’, Journal of Politics, 70 (2), April, 335–50 29. Arthur J. Robson and Larry Samuelson (2009), ‘The Evolution of Time Preference with Aggregate Uncertainty’, American Economic Review, 99 (5), December, 1925–53 30. Ruixun Zhang, Thomas J. Brennan and Andrew W. Lo (2014), ‘The Origin of Risk Aversion’, Proceedings of the National Academy of Sciences, 111 (50), December, 17777–82 PART V RATIONALITY AND INTELLIGENCE 31. Herbert A. Simon (1955), ‘A Behavioral Model of Rational Choice’, Quarterly Journal of Economics, 69 (1), February, 99–118 32. J. Maynard Smith (1984), ‘Game Theory and the Evolution of Behaviour’, Behavioral and Brain Sciences, 7 (1), March, 95–101, references 33. Alan Kirman (1993), ‘Ants, Rationality, and Recruitment’, Quarterly Journal of Economics, 108 (1), February, 137–56 34. Michael Waldman (1994), ‘Systematic Errors and the Theory of Natural Selection’, American Economic Review, 84 (3), June, 482–97 35. Theodore C. Bergstrom (2002), ‘Evolution of Social Behavior: Individual and Group Selection’, Journal of Economic Perspectives, 16 (2), Spring, 67–88 36. Larry Samuelson (2002), ‘Evolution and Game Theory’, Journal of Economic Perspectives, 16 (2), Spring, 47–66 37. Thomas J. Brennan and Andrew W. Lo (2012), ‘An Evolutionary Model of Bounded Rationality and Intelligence’, PLOS ONE, 7 (11), November, 1–8 38. Andrew W. Lo (2013), ‘The Origin of Bounded Rationality and Intelligence’, Proceedings of the American Philosophical Society, 157 (3), September, 269–80 39. Terence C. Burnham (2013), ‘Toward a Neo-Darwinian Synthesis of Neoclassical and Behavioral Economics’, Journal of Economic Behavior and Organization, 90 (Supplement), June, S113–S127 Index Contents Volume II Acknowledgements Introduction An introduction to both volumes by the editors appears in Volume I PART I FINANCIAL MARKETS 1. Lawrence Blume and David Easley (1992), ‘Evolution and Market Behavior’, Journal of Economic Theory, 58 (1), October, 9–40 2. J. Doyne Farmer and Andrew W. Lo (1999), ‘Frontiers of Finance: Evolution and Efficient Markets’, Proceedings of the National Academy of Sciences, 96 (18), August, 9991–2 3. J. Doyne Farmer (2002), ‘Market Force, Ecology and Evolution’, Industrial and Corporate Change, 11 (5), November, 895–953 4. Mark J. Kamstra, Lisa A. Kramer and Maurice D. Levi (2003), ‘Winter Blues: A SAD Stock Market Cycle’, American Economic Review, 93 (1), March, 324–43 5. David Hirshleifer and Tyler Shumway (2003), ‘Good Day Sunshine: Stock Returns and the Weather’, Journal of Finance, LVIII (3), June, 1009–32 6. Andrew W. Lo (2004), ‘The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective’, Journal of Portfolio Management: 30th Anniversary Issue, 30 (5), 15–29 7. Leonid Kogan, Stephen A. Ross, Jiang Wang and Mark M. Westerfield (2006), ‘The Price Impact and Survival of Irrational Traders’, Journal of Finance, LXI (1), February, 195–229 8. William A. Brock, Cars H. Hommes and Florian O. Wagener (2005), ‘Evolutionary Dynamics in Markets with Many Trader Types’, Journal of Mathematical Economics: Special Issue on Evolutionary Finance, 41 (1–2), February, 7–42 9. Andrew W. Lo, Dmitry V. Repin and Brett N. Steenbarger (2005), ‘Fear and Greed in Financial Markets: A Clinical Study of Day-Traders’, American Economic Review: Papers and Proceedings, 95 (2), May, 352–9 10. George Sugihara, Robert May, Hao Ye, Chih-hao Hsieh, Ethan Deyle, Michael Fogarty and Stephan Munch (2012), ‘Detecting Causality in Complex Ecosystems’, Science, 338 (6106), October, 496–500 11. Andrew W. Lo (2012), ‘Adaptive Markets and the New World Order’, Financial Analysts Journal, 68 (2), March–April, 18–29, Errata PART II EVOLUTION OF FIRMS AND INSTITUTIONS 12. Sidney G. Winter, Jr. (1964), ‘Economic “Natural Selection” and the Theory of the Firm’, Yale Economic Essays, 4 (1), Spring, 225–72 13. Carsten Herrmann-Pillath (1991), ‘A Darwinian Framework for the Economic Analysis of Institutional Change in History’, Journal of Social and Biological Structures, 14 (2), 127–48 14. Guo Ying Luo (1995), ‘Evolution and Market Competition’, Journal of Economic Theory, 67 (1), October, 223–50 15. Jeroen C. J. M. van den Bergh and John M. Gowdy (2009), ‘A Group Selection Perspective on Economic Behavior, Institutions and Organizations’, Journal of Economic Behavior and Organization, 72 (1), October, 1–20 PART III NEUROSCIENCE 16. Hans C. Breiter, Itzhak Aharon, Daniel Kahneman, Anders Dale and Peter Shizgal (2001), ‘Functional Imaging of Neural Responses to Expectancy and Experience of Monetary Gains and Losses’, Neuron, 30 (2), May, 619–39 17. Andrew W. Lo and Dmitry V. Repin (2002), ‘The Psychophysiology of Real-Time Financial Risk Processing’, Journal of Cognitive Neuroscience, 14 (3), April, 323–39 18. Camelia M. Kuhnen and Brian Knutson (2005), ‘The Neural Basis of Financial Risk Taking’, Neuron, 47 (5), September, 763–70 19. Benedetto De Martino, Dharshan Kumaran, Ben Seymour and Raymond J. Dolan (2006), ‘Frames, Biases, and Rational Decision-Making in the Human Brain’, Science, 313, (5787), August, 684–7 20. Ernst Fehr and Colin F. Camerer (2007), ‘Social Neuroeconomics: The Neural Circuitry of Social Preferences’, TRENDS in Cognitive Sciences, 11 (10), October, 419–27 21. Sabrina M. Tom, Craig R. Fox, Christopher Trepel and Russell A. Poldrack (2007), ‘The Neural Basis of Loss Aversion in Decision-Making Under Risk’, Science, 315 (5811), January, 515–18 22. Peter Bossaerts (2009), ‘What Decision Neuroscience Teaches Us About Financial Decision Making’, Annual Review of Financial Economics, 1, 383–88, C1–C3, 389–404 23. Ernst Fehr and Antonio Rangel (2011), ‘Neuroeconomic Foundations of Economic Choice – Recent Advances’, Journal of Economic Perspectives, 25 (4), Fall, 3–30 24. Andrew W. Lo (2013), ‘Fear, Greed, and Financial Crises: A Cognitive Neurosciences Perspective’, in Jean-Pierre Fouque and Joseph A. Langsam (eds), Handbook on Systemic Risk, Part VIII, Chapter 23, New York, NY, USA: Cambridge University Press, 622–62 PART IV HORMONES 25. Paul J. Zak, Robert Kurzban and William T. Matzner (2005), ‘Oxytocin is Associated with Human Trustworthiness’, Hormones and Behavior, 48 (5), December, 522–7 26. Terence C. Burnham (2007), ‘High-Testosterone Men Reject Low Ultimatum Game Offers’, Proceedings of the Royal Society B: Biological Sciences, 274 (1623), September, 2327–30 27. Coren L. Apicella, Anna Dreber, Benjamin Campbell, Peter B. Gray, Moshe Hoffman and Anthony C. Little (2008), ‘Testosterone and Financial Risk Preferences’, Evolution and Human Behavior, 29 (6), November, 384–90 28. J. M. Coates and J. Herbert (2008), ‘Endogenous Steroids and Financial Risk Taking on a London Trading Floor’, Proceedings of the National Academy of Sciences, 105 (16), April, 6167–72 29. Benjamin C. Campbell, Anna Dreber, Coren L. Apicella, Dan T. A. Eisenberg, Peter B. Gray, Anthony C. Little, Justin R. Garcia, Richard S. Zamore and J. Koji Lum (2010), ‘Testosterone Exposure, Dopaminergic Reward, and Sensation-Seeking in Young Men’, Physiology and Behavior, 99 (4), March, 451–6 30. Anna Dreber, David G. Rand, Nils Wernerfelt, Justin R. Garcia, Miguel G. Vilar, J. Koji Lum and Richard Zeckhauser (2011), ‘Dopamine and Risk Choices in Different Domains: Findings among Serious Tournament Bridge Players’, Journal of Risk and Uncertainty, 43 (1), August, 19–38 PART V GENOMICS 31. Anna Dreber, Coren L. Apicella, Dan T. A. Eisenberg, Justin R. Garcia, Richard S. Zamore, J. Koji Lum and Benjamin C. Campbell (2009), ‘The 7R Polymorphism in the Dopamine Receptor D4 Gene (DRD4) is Associated with Financial Risk-Taking in Men’, Evolution and Human Behavior, 30 (2), March, 85–92 32. Amir Barnea, Henrik Cronqvist and Stephan Siegel (2010), ‘Nature or Nurture: What Determines Investor Behavior?’, Journal of Financial Economics, 98 (3), December, 583–604 33. David Cesarini, Magnus Johannesson, Paul Lichtenstein, Örjan Sandewall and Björn Wallace (2010), ‘Genetic Variation in Financial Decision-Making’, Journal of Finance, LXV (5), October, 1725–54 34. David Cesarini, Magnus Johannesson, Patrik K. E. Magnusson and Björn Wallace (2012), ‘The Behavioral Genetics of Behavioral Anomalies’, Management Science, 58 (1), January, 21–34 35. Daniel J. Benjamin, David Cesarini, Christopher F. Chabris, Edward L. Glaeser, David I. Laibson, Vilmundur Guđnason, Tamara B. Harris, Lenore J. Launer, Shaun Purcell, Albert Vernon Smith, Magnus Johannesson, Patrik K. E. Magnusson, Jonathan P. Beauchamp, Nicholas A. Christakis, Craig S. Atwood, Benjamin Hebert, Jeremy Freese, Robert M. Hauser, Taissa S. Hauser, Alexander Grankvist, Christina M. Hultman and Paul Lichtenstein (2012), ‘The Promises and Pitfalls of Genoeconomics’, Annual Review of Economics, 4, 627–62, C1 36. Henrik Cronqvist and Stephan Siegel (2014), ‘The Genetics of Investment Biases’, Journal of Financial Economics, 113 (2), August, 215–34 Index

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Book SynopsisThis timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests. Providing an alternative theoretical framework to analyse the relationship between ethical behaviour, decision-making environments and capabilities, individual preferences and the economy, Altman examines how being ethical can be an engine for economic growth and development. The book offers a better understanding of how ethical behaviour is good not only for the economy, but also for improving the wellbeing of our society at large whilst respecting and enhancing the rights and freedoms of individuals. This book is an important read for all those not content with the conventional economic narrative. It is also a provocative and thoughtful book for policy-makers and economists looking to better understand the growing importance of ethical behaviour for the economy.Trade Review'In this ambitious and wide-ranging book, Altman takes a behaviorally informed approach to answer the perennial question of how capitalism relates to ethics. By examining the choices made by firms, consumers, and government, Altman shows how markets and morality can interact and support each other - and more importantly, under which circumstances they do not. In doing so, he offers a blueprint for reform to ensure global wellbeing continues to rise without compromising other ethical goals such as equality and freedom.' --Mark White, College of Staten Island, CUNY, US'Altman has spent many years in the scientific study of the role of morality in economic behavior. This book reports the major findings of this research - research carried out by many economists and policy analysts around the world. His conclusion: that ethical behavior in a market economy is both possible and success-enhancing for both firms and their leaders. For years economists corrupted the top business schools with the message that ethical behavior is a loser, and greed is inevitable in the circle of winners. But the evidence is clearly to the contrary. Business leaders and policy-makers have been changing their tune in recent years, recognizing that honesty and integrity are good both for the individual and for the functioning of a vibrant economy.' --Herbert Gintis, University of Massachusetts, Amherst and Santa Fe Institute, US'In 1987 Amartya Sen published the book Ethics and Economics, in which he invited the economics profession to take better account of the ethical sensibilities that condition economic behavior. The profession has been terribly slow in accepting that invitation. In this book, Morris Altman pushes the conversation forward by exploring a wide range of questions related to the place of ethical conduct in a capitalist economy. We learn here the conditions under which ethical firms can prosper, but also that capitalist markets are apt to sustain both ethical and non-ethical firms. Drawing on both orthodox and heterodox thought, Altman clarifies central questions concerning ethical economic conduct. Thirty years after Sen, the questions pursued here are now central to public debate over corporate social responsibility, and to public policy.' --George DeMartino, University of Denver, USTable of ContentsContents: 1. Introduction: Rethinking Ethics, Economic Theory, and Public Policy 2. The Evolution of Ethics and the Market Economy 3. Understanding Why Ethical Production and Ethical Investment Can Flourish in a Global Economy 4. Ethical Choices in the Economic World 5. Free Will in Economics: Is There Freedom of Choice? 6. The Ethics of Capabilities 7. How Much Are You Willing to Pay to Be Ethical? An Experiment 8. Why Being Green Can Make You Happy and be Good for the Economy 9. The Road to Freedom? Ethical Implications of Economic Theory for Public Policy: Insights from Behaviour Economics Index

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Book SynopsisThe interdisciplinary field of economics and religion has come a long way since 2003 when Edward Elgar published the pioneering volume Economics and Religion. The influence of religious ideas on the birth of economics as a discipline and its rise to cultural dominance is now widely recognized. The largely Protestant discussion has been enriched by Roman Catholic contributions stimulated by recent Papal Encyclicals. The economics of religion has now matured into a respectable subfield of economics and articles on religion regularly appear in top economics journals. This original and insightful research review places the most recent contributions in context and will be an invaluable resource for scholars and academics alike. Table of ContentsContents: Introduction Paul Oslington, Paul S. Williams and Mary Hirschfeld PART I HISTORICAL RELATIONSHIPS 1. Dotan Leshem (2014), ‘The Ancient Art of Economics’, European Journal of the History of Economic Thought, 21 (2), 201–29 2. Constant J. Mews and Ibrahim Abraham (2007), ‘Usury and Just Compensation: Religious and Financial Ethics in Historical Perspective’, Journal of Business Ethics, 72 (1), April, 1–15 3. M. Douglas Meeks (2011), ‘The Peril of Usury in the Christian Tradition’, Interpretation, 65 (2), April, 128–40 4. Peter Harrison (2011), ‘Adam Smith and the History of the Invisible Hand’, Journal of the History of Ideas, 72 (1), January, 29–49 5. Paul Oslington (2012), ‘God and the Market: Adam Smith’s Invisible Hand’, Journal of Business Ethics, 108 (4), July, 429–38 6. Matthew B. Arbo (2014), ‘Theodicy and Commerce’, Studies in Christian Ethics, 27 (2), May, 131–43 7. Paul Oslington (2013), ‘God and Economic Suffering’, CRUX, 49 (3), Fall, 12–19 8. Bradley W. Bateman (2008), ‘2007 Presidential Address: Reflections on the Secularization of American Economics,’ Journal of the History of Economic Thought, 30 (1), March, 1–20 9. Thomas C. Leonard (2011), ‘Religion and Evolution in Progressive Era Political Economy: Adversaries or Allies?’, History of Political Economy, 43 (3), Fall, 429–69 10. Anthony M. C. Waterman (2008), ‘Is “Political Economy” Really a Christian Heresy?’, Faith and Economics, 51, Spring, 31–55 PART II RELIGIOUS ECONOMICS AND ITS CRITICS 11. António Almodovar and Pedro Teixeira (2010), ‘Is There a Catholic Economic Thought? Some Answers from the Past’, in Daniela Fernanda Parisi and Stefano Solari (eds), Humanism and Religion in the History of Economic Thought: Selected Papers from the 10th Aispe Conference, Part II, Milan, Italy: FrancoAngeli s.r.l., 125–47 12. Mary Hirschfeld (2014), ‘On the Relationship Between Finite and Infinite Goods, Or: How to Avoid Flattening’, Econ Journal Watch, 11 (2), May, 179–85 13. William McGurn (2002), ‘Pulpit Economics’, First Things, 122, April, 21–5 14. Paul Oslington (2010–2011), ‘Popes and Markets’, Policy, 26 (4), Summer, 31–34A 15. Daniel P. Payne and Christopher Marsh (2009), ‘Sergei Bulgakov’s “Sophic” Economy: An Eastern Orthodox Perspective on Christian Economics’, Faith and Economics, 53, Spring, 35–51 16. Michael Schluter (2010), ‘Beyond Capitalism: Towards a Relational Economy’, Cambridge Papers, 19 (1), March, 1–4 17. Kathryn Tanner (2004), ‘Economies of Grace’, in William Schweiker and Charles Mathewes (eds), Having: Property and Possession in Religious and Social Life, Part 3, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 353–82 18. Miroslav Volf (2010), ‘Hunger for Infinity: Christian Faith and the Dynamics of Economic Progress’, in Captive to the Word of God: Engaging the Scriptures for Contemporary Theological Reflection, Part III, Chapter 6, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 151–78 19. A. M. C. Waterman (1991), ‘The Intellectual Context of Rerum Novarum’, Review of Social Economy, Special Issue: Centennial of “Rerum Novarum” and Semicentennial of the Association, 49 (4), Winter, 465–82 20. A. M. C. Waterman (1999), ‘Market Social Order and Christian Organicism in Centesimus Annus’, Journal of Markets and Morality, 2 (2), Fall, 220–33 21. Anthony Waterman (2003), ‘Should We Listen to the Churches When They Speak on Economic Issues?’, Agenda: A Journal of Policy Analysis and Reform, 10 (3), April, 277–88 22. A. M. C. Waterman (2013), ‘The Relation between Economics and Theology in Caritas in Veritate’, Erasmus Journal for Philosophy and Economics, 6 (2), Autumn, 24–42 23. Rowan Williams (2010), ‘Theology and Economics: Two Different Worlds?’, Anglican Theological Review, 92 (4), Fall, 607–15 24. Amos Yong (2010), ‘Pentecostal Health and Wealth: A Theology of Economics’, in In the Days of Caesar: Pentecostalism and Political Theology: The Cadbury Lectures 2009, Part II, Chapter 7, Grand Rapids, MI, USA and Cambridge, UK: Wm. B. Eerdmans Publishing Company, 257–315 25. Andrew M. Yuengert (2014), ‘It’s Not Bad to Have Limits, as Long as You Know Them: What the Aristotelian Tradition Can Offer Economics’, Faith and Economics, 64, Fall, 37–54 PART III RELIGION, CAPITALISM AND DEVLOPMENT 26. Peter S. Heslam (2008), ‘The Role of Business in the Fight against Poverty’, in Ian R. Harper and Samuel Gregg (eds), Christian Theology and Market Economics, Part III, Chapter 10, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 164–80 27. Rachel M. McCleary (2007), ‘Salvation, Damnation, and Economic Incentives’, Journal of Contemporary Religion, 22 (1), January, 49–74 28. Deirdre N. McCloskey (2013), ‘Work in the World: An Economist's Sermon’, Faith and Economics, 61, Spring, 66–71 29. Bryant L. Myers (2000), ‘The Church and Transformational Development’, Transformation: An International Journal of Holistic Mission Studies, 17 (2), April, 64–7 30. Nathan Nunn (2010), ‘Religious Conversion in Colonial Africa’, American Economic Review: Papers and Proceedings, 100 (2), May, 147–52 31. J. David Richardson (2014), ‘Social Entrepreneurship For the Sake of the Kingdom: Why Microeconomics Matters’, Inaugural John Mason Lecture, Gordon College, October 13, 2014, Wenham, MA, USA, 1–11 32. Paul S. Williams (2012), ‘Capitalism, Religion and the Economics of the Biblical Jubilee’, Paper Presented at the Globalisation for the Common Good Initiative 10th Annual International Conference, September 2-5, 2012, Oxford, UK, 1–8 33. Robert D. Woodberry (2012), ‘The Missionary Roots of Liberal Democracy’, American Political Science Review, 106 (2), May, 244–74 PART IV ECONOMICS OF RELIGION 34. Ram A. Cnaan, Tuomi Forrest, Joseph Carlsmith and Kelsey Karsh (2013), ‘If You Do Not Count It, It Does Not Count: A Pilot Study of Valuing Urban Congregations’, Journal of Management, Spirituality and Religion, 10 (1), 3–36 35. Robert B. Ekelund, Jr., Robert F. Hébert and Robert D. Tollison (2002), ‘An Economic Analysis of the Protestant Reformation’, Journal of Political Economy, 110 (3), June, 646–71 36. Jonathan Gruber and Daniel M. Hungerman (2008), ‘The Church versus the Mall: What Happens when Religion Faces Increased Secular Competition?’, Quarterly Journal of Economics, 123 (2), May, 831–62 37. Jay C. Hartzell, Christopher A. Parsons and David L. Yermack (2010), ‘Is a Higher Calling Enough? Incentive Compensation in the Church’, Journal of Labor Economics, 28 (3), July, 509–39 38. Daniel M. Hungerman (2005), ‘Are Church and State Substitutes? Evidence from the 1996 Welfare Reform’, Journal of Public Economics, 89 (11–12), December, 2245–67 39. Laurence R. Iannaccone (2012), ‘Extremism and the Economics of Religion’, Economic Record, Special Issue: Selected Papers from the 40th Australian Conference of Economists, 88 (S1), June, 110–15 40. Derek Neal (2005), ‘Comments on the Economics of Religion’, Faith and Economics, Symposium: The Economics of Religion, 46, Fall, 10–13 41. Jörg Stolz (2009), ‘Explaining Religiosity: Towards a Unified Theoretical Model’, British Journal of Sociology, 60 (2), June, 345–76 42. Christian Smith, Michael O. Emerson and Patricia Snell (2008), ‘Who Gives?’, Christian Century, 125 (20), October, 26–9 PART V ECONOMICS AND BIBLICAL STUDIES 43. John H. Elliott (2008), ‘From Social Description to Social-Scientific Criticism. The History of a Society of Biblical Literature Section 1973–2005’, Biblical Theology Bulletin: Journal of Bible and Culture, 38 (1), February, 26–36 44. Morris Silver (2004), ‘Modern Ancients’, in Robert Rollinger and Christoph Ulf (eds), Commerce and Monetary Systems in the Ancient World: Means of Transmission and Cultural Interaction: Proceedings of the Fifth Annual Symposium of the Assyrian and Babylonian Intellectual Heritage Project (Melammu) Held in Innsbruck, Austria, October 3rd–8th 2002, Stuttgart, Germany: Franz Steiner Verlag, 65–87 45. Johannes Renger (1994), ‘On Economic Structures in Ancient Mesopotamia: Part One’, Orientalia, 63 (3), 157–208 46. Edd S. Noell (2007), ‘A “Marketless World”? An Examination of Wealth and Exchange in the Gospels and First-Century Palestine’, Journal of Markets and Morality, 10 (1), Spring, 85–114 47. Philip F. Esler (2014), ‘An Outline of Social Identity Theory’, in J. Brian Tucker and Coleman A. Baker (eds), T&T Clark Handbook to Social Identity in the New Testament, Part I, Chapter 2, London, UK and New York, NY, USA: Bloomsbury T&T Clark, 13–39 48. Zeba Crook (2009), ‘Honor, Shame, and Social Status Revisited’, Journal of Biblical Literature, 128 (3), Fall, 591–611 49. Deborah Storie and Mark Brett (2009), ‘The Church in the Economy of God’, Zadok Perspectives, 102, Autumn, 5–10 50. Peter Temin (2001), ‘A Market Economy in the Early Roman Empire’, Journal of Roman Studies, 91, November, 169–81 51. Walter Scheidel and Steven J. Friesen (2009), ‘The Size of the Economy and the Distribution of Income in the Roman Empire’, Journal of Roman Studies, 99, November, 61–91 Index

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Book SynopsisIn this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains - infrastructural capital such as institutions, public knowledge, and networks - can help explain the long-term development of cities and nations. This is a crucial book for spatial and institutional economists and anyone working outside the neoclassical mainstream. Academics and students of economic history, urban and regional planning, and economic sociology will also find it an illuminating and accessible exploration of time, space and capitalTrade Review'Has humankind experienced material progress? To what extent does the economic theory we have help us explain it? These are among the Big Questions. The Anderssons address the essential questions with great flair. They know their history and they know their economic theory. They present complex material clearly and engagingly. All of this makes the book a joy to read. What a contribution!' --Peter Gordon, University of Southern California, US'In this age of specialization, this book is breathtaking in its success in integrating knowledge from not only the social but also humanistic and natural sciences. The authors have devoted decades in creating an inspiring study which helps us to comprehend how societies have evolved over the last five centuries. It provides novel perspectives about space and time in advancing new perspectives on economic development, systems of law and science, transportation and communication, and creativity. This book should be read by every scholar - irrespective of area of study.' --Rogers Hollingsworth, University of Wisconsin, USTable of ContentsContents: 1. Time and Space—An Introduction 2. Time and Capital in Economic Doctrines 3. Space in Economic Analysis—From Discrete to Two-dimensional Continuous Theory 4. Dynamic Theories and Models—Problems and Creative Potential 5. Time in the Microeconomics of Consumption 6. Durability, Duration of Production, Growth, and Location 7. Expectations, Capital, and Entrepreneurship 8. A General Theory of Infrastructure and Economic Development 9. The Role of the Transport Infrastructure in the First Logistical Revolution 10. Institutional Infrastructure and Economic Games 11. Real Estate Capital 12. Re-conceptualizing Social Capital 13. Creative Knowledge Capital 14. Looking Ahead Index

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Book SynopsisOffering a thorough assessment of recent developments in the economic literature on happiness and quality of life, this major research handbook astutely considers both methods of estimation and policy application. Luigino Bruni and Pier Luigi Porta's refreshing, and constructively critical, approach emphasizes the subject's integral impact on latter-day capitalism.Expert contributors critically present in-depth research on a wide range of topics including:- the history of the idea of quality of life and the impact of globalization- links between happiness and health- comparisons between hedonic and eudaimonic well-being- the relational and emotional side of human life, including subjective indicators of well-being- genetic and environmental contributions to life satisfaction- the impact of culture, fine arts and new media.Accessible and far-reaching, the Handbook of Research Methods and Applications in Happiness and Quality of Life will prove an invaluable resource for students and scholars of welfare and economics as well as practicing psychologists and researchers.Contributors: M. Bianchi, L. Bruni, L. Crivelli, S. Della Bella, A. Delle Fave, E. Diener, E. Granata, M. Guerini, P. Krause, B. López Noval, M. Lucchini, F. Maggino, H.À. Marujo, N. Matteucci, C. Miller, J. Morozink Boylan, L.M. Neto, G. Nuvolati, A. Pelloni, P.L. Porta, M. Rojas, C.D. Ryff, A. Sen, M.J. Sirgy, L. Stanca, L. Tay, R. Veenhoven, S. Vieira LimaTable of ContentsContents: 1. Happiness and Quality of Life Reconciled Luigino Bruni and Pier Luigi Porta 2. Happiness and Social Institutions Amartya Sen PART I QUALITY OF LIFE 3. New Frontiers: Societal Measures of Subjective Well-Being for Input to Policy Ed Diener and Louis Tay 4. Linking Happiness to Health: Comparisons Between Hedonic and Eudaimonic Well-Being Carol D. Ryff and Jennifer Morozink Boylan 5. Subjective Indicators of Well-being. Conceptual Background and Applications in Social Sciences Antonella Delle Fave 6. Quality of Life and Smart Cities Elena Granata 7. Quality of Life and Inequality Peter Krause 8. The History of the Idea of Quality of Life Borja López Noval 9. Genetic and Environmental Contributions to Life Satisfaction Mario Lucchini, Sara Della Bella and Luca Crivelli 10. Indicators of Happiness vs Quality of Happiness: Methodology and Theory Filomena Maggino 11. Leading a Life of Quality: Conceptualizing Quality of Life Mariano Rojas 12. Globalization and Quality of Life M. Joseph Sirgy and Chad Miller 13. Quality of Life Studies and Positive Psychology Helena À. Marujo and Luis M. Neto PART II HAPPINESS 14. Quality of Life and Happiness. Concepts and Measures Ruut Veenhoven 15. Economics, Well-being and Happiness. History and Protagonists Luigino Bruni 16. Culture and Fine Arts. Open-ended Choices and the Formation of Interest Marina Bianchi 17. Happiness and health Luca Crivelli, Sara Della Bella and Mario Lucchini 18. Happiness, Subjective and Objective Indicators Michela Guerini and Giampaolo Nuvolati 19. Women and Happiness Nicola Matteucci and Sabrina Vieira Lima 20. Relational Goods and Happiness Data Alessandra Pelloni 21. Happiness and New Media Luca Stanca 22. Happiness, Relational Goods and Hedonic Methodology Luca Stanca 23. The Idea of Happiness in Italy Pier Luigi Porta Index

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Book SynopsisOne of the great successes of the law and economics movement has been the use of economic models to explain the structure and function of broad areas of law. The original contributions to this volume epitomize that tradition, offering state-of-the-art research on the many facets of economic modeling in law.The contributors employ a variety of economic methodologies to explore a wide range of topics, including torts, contracts, property, crime, employment, the environment, and legal procedure. This depth and breadth of scholarship reflect the continuing vitality of the economic approach to law, offering an illuminating look into the future of the field and providing inspiration and guidance for the next generation of theorists.This timely volume will appeal to students, professors and researchers in both law and economics, particularly those with an interest in the theoretical and practical intersections of the two fields.Contributors: L. Anderlini, M. Baker, F. Baumann, J. De Mot, B. Deporter, D. Dharmapala, W. Emons, L. Felli, C. Fluet, T. Friehe, N. Garoupa, Z. Grossman, S. Izmalkov, C. Landeo, R. McAdams, T. Miceli, M.Nikitin, J. Pincus, A. Postlewaite, R. Rabon, G. Ramello, K. Segerson, P. Shapiro, T. Tsvetanov, T. Ulen, N. Westelius, A. WickelgrenTable of ContentsContents: Introduction Thomas J. Miceli and Matthew J. Baker 1. Land Assemblage: Efficiency and Equity in Public–Private Projects Zachary Grossman, Jonathan Pincus and Perry Shapiro 2. The Economics of Activity Levels in Tort Liability and Regulation Nuno Garoupa and Thomas S. Ulen 3. Liability versus Regulation for Product-Related Risks Thomas J. Miceli, Rebecca Rabon and Kathleen Segerson 4. Regulation versus Liability: A Behavioral Economics Perspective Kathleen Segerson and Tsvetan Tsventanov 5. Strict Liability When Victims Choose the Value of the Asset at Risk Florian Baumann and Tim Friehe 6. Incentives for Care, Litigation, and Tort Reform Under Self-Serving Bias Claudia M. Landeo, Maxim Nikitin and Sergei Izmalkov 7. Tort Standards and Legal Expenditures: A Unified Model Jef De Mot and Ben Depoorter 8. Litigation Success Functions Jef De Mot 9. The Optimal Amount of Distorted Testimony When the Arbiter Can and Cannot Commit Winand Emons and Claude Fluet 10. Do Exclusionary Rules Convict the Innocent? Dhammika Dharmapala, Nuno Garoupa and Richard McAdams 11. Search, Seizure, and False (?) Arrest: An Analysis of Fourth Amendment Remedies When Police Can Plant Evidence Dhammika Dharmapala and Thomas J. Miceli 12. Crime, Expectations, and the Deterrence Hypothesis Matthew J. Baker and Niklas J. Westelius 13. Active Courts and Menu Contracts Luca Anderlini, Leonardo Felli and Andrew Postlewaite 14. The Efficiency of Affirmative Action with Purely Historical Discrimination Abraham L. Wickelgren 15. The Multi-layered Action of Trademark: Meaning, Law and Market Giovanni B. Ramello

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Book SynopsisEconomics has a very strong paradigm, grounded in rational choice behavior and concepts of equilibrium in markets. But it has its weaknesses. These were never more apparent than in recent years after the failure to predict, or even understand the financial crisis of 2007-8 and the subsequent crisis of the euro. Exactly what these weaknesses are is of course the subject of much debate. But the crisis and the associated failures of the dominant paradigm have had at least one salutary side effect, of providing room for other ways of thinking to come forward and to be heard. This volume focuses on alternative approaches to public economics. It surveys a number of alternative approaches, and also provides some unusual perspectives. It includes contributions by well known economists such as Giorgio Brosio and Pierre Salmon, and a chapter by Coco and Fedeli employing a Marxian economic approach to public economics. Some of the chapters are very novel, including two chapters on cognitive dissonance and one on the role of memory in modeling cycles of extreme events. There are also chapters on Austrian economics. And there is a welcome discussion of economic approaches to religion and values, including a chapter on religion by the distinguished economist Dennis Mueller, and contributions on the role of values and ethics in politics and public economics. All in all, the book provides a most welcome sourcebook of new and sometimes very different ways of thinking about public economics.'- Ronald Wintrobe, Western UniversityThis comprehensive and thought-provoking Handbook reviews public sector economics from pluralist perspectives that either complement or reach beyond mainstream views.The book takes a comprehensive interdisciplinary approach, drawing on economic elements in the fields of philosophy, sociology, psychology, history and law. The expert contributors present new methodological approaches across these disciplines in five distinct sections:- 'Revisiting the Theoretical Foundations' compares and contrasts Austrians, Marxists, public choice theorists and Keynesians- 'Revisiting the Values' is concerned with justice, welfare, religions and civil rights- 'Beyond Rationalistic Rational Choice' includes chapters devoted to memory, information and group motivation- The final sections on 'Optimal Government and Government Failure' and 'Public Economics of Public Bads' deal with competition among governments, their suboptimal size, regulation, corruption, the informal economy, cognitive dissonance, rent seeking, the UN and criminal cycles.Academics, researchers and students with an interest in economics - particularly public sector economics and Austrian economics - and public policy will find this Handbook to be an invaluable reference tool.Contributors: F. Acacia, J. Alm, G. Brady, G. Brosio, M. Caputo, M. Casson, G. Coco, M. Cubel Sanchez, S. Fedeli, M. Florio, F. Forte, N. Goldschmit, A. Habisch, M. Holler, J. Huerta de Soto, J.P. Jimenez, A. Koziashvili, M.A. Leroch, C. Magazzino, M. Mantovani, D. Montolio, R. Mudami, D.C. Mueller, S. Nitzan, D.M.A. Patti, P. Salin, P. Salmon, F. Sobbrio, V. Tanzi, Y. Tobol, B.A. Wickström, R. ZanolaTrade Review'A Handbook of Alternative Theories of Public Economics edited by Francesco Forte with co-editors seeks to rejuvenate public economics by examining the relevance of schools of economics which compete with the current mainstream. The approaches of public choice, Austrian, Marxian, supply side economics, and new institutional schools are contrasted to the neo-Keynesians and the new political economics. The Handbook highlights features of these schools and points out their long neglected importance in understanding the political economy of the public sector. The Handbook is an insightful, unconventional and imaginative book well worth reading by public choice experts, public sector analysts and practitioners.' -- Gordon Tullock, formerly of George Mason University School of Law, US‘A Handbook of Alternative Theories of Public Economics is especially welcome because it gathers studies on the problems of public economics from widely different angles. Long gone is the time when it was enough to study Musgrave to be up to date in the economics of government and social welfare. The field is now hotly disputed, so that this Handbook will prove informative about parts of the literature of which the specialist may be unaware. Prof. Forte, the principal editor, is co-author of four empirical studies on questions of the size, the finance and some particular effects of government. One of these is within a section on "Public bads" that includes articles on corruption and the informal economy not usually found in texts on public economics. There are essays extending the research programme of the Austrian School on the State to cycle theory and the euro. No less interesting are the articles on government failure. For me the collection has proved especially interesting for the number of essays on justice, fairness, utility and rationality: it is very convenient to have the different approaches to these contentious questions treated with no attempt to paper over the cracks.’ -- Pedro Schwartz, San Pablo University, Madrid, Spain‘Economics has a very strong paradigm, grounded in rational choice behavior and concepts of equilibrium in markets. But it has its weaknesses. These were never more apparent than in recent years after the failure to predict, or even understand the financial crisis of 2007-8 and the subsequent crisis of the euro. Exactly what these weaknesses are is of course the subject of much debate. But the crisis and the associated failures of the dominant paradigm have had at least one salutary side effect, of providing room for other ways of thinking to come forward and to be heard. This volume focuses on alternative approaches to public economics. It surveys a number of alternative approaches, and also provides some unusual perspectives. It includes contributions by well known economists such as Giorgio Brosio and Pierre Salmon, and a chapter by Coco and Fedeli employing a Marxian economic approach to public economics. Some of the chapters are very novel, including two chapters on cognitive dissonance and one on the role of memory in modeling cycles of extreme events. There are also chapters on Austrian economics. And there is a welcome discussion of economic approaches to religion and values, including a chapter on religion by the distinguished economist Dennis Mueller, and contributions on the role of values and ethics in politics and public economics. All in all, the book provides a most welcome sourcebook of new and sometimes very different ways of thinking about public economics.’ -- Ronald Wintrobe, Western University, CanadaTable of ContentsContents: PART I: REVISITING THE THEORETICAL FOUNDATIONS 1. The Neglected Importance of the Austrian Thought in Public Economics Pascal Salin 2. In Defense of the Euro: An Austrian Perspective Jesús Huerta de Soto 3. Marxian Public Economics. With a Comment by Massimo Florio Giuseppe Coco and Silvia Fedeli 4. The Laffer Curve Muddle Vito Tanzi 5. Deficits, Tax Burden and Unemployment Silvia Fedeli and Francesco Forte PART II: REVISITING THE VALUES 6. Theories of Justice and Empirical Results Manfred Holler and Martin Leroch 7. Strategic Voting and Happiness Francesca Acacia and Maria Cubel Sanchez 8. Religious Parties Dennis C. Müller 9. Western Religion, Social Ethics and Public Economics Nils Goldschmit and Andre Habisch 10. Indigenes, Immigration, and Integration: A Welfare-Economics Approach to Minority Rights Bengt Arne Wickstrom PART III: BEYOND RATIONALISTIC RATIONAL CHOICE 11. The Role of Memory in Modeling Social and Economic Cycles of Extreme Events Michele Caputo 12. Expanding the Theory of Tax Compliance from Individual to Group Motivations James Alm 13. The Political Economy of News Media: Theory, Evidence and Open Issues Francesco Sobbrio PART IV: OPTIMAL GOVERNMENT AND GOVERNMENT FAILURE 14. How Significant is Yardstick Competition among Governments? Three Reasons to Dig Deeper Pierre Salmon 15. Optimal Size of Government and Optimal Ratio between Current and Capital Expenditure Francesco Forte and Cosimo Magazzino 16. Government Failures in Railway Public Policy. The British Case Mark Casson 17. Cognitive Dissonance, Iron Triangle and Rent seeking. Sequester and the Fiscal Cliff Gordon Brady 18. Cognitive Dissonance, Efficient and Inefficient Rent Seeking. Public Aid to the Movies Francesco Forte and Michela Mantovani PART V: PUBLIC ECONOMICS OF PUBLIC BADS 19. Bargaining in International Conflicts Resolution: UN Involvement and Conflict Settlement Dario Maimone Ansaldo Patti and Daniel Montolio 20. The Norm of Profits Extraction from Corruption by Bureaucracy and Market Size Arkadi Koziashvili, Shmuel Nitzan and Jossef Tobol 21. Alternative Views on the Origins and Impact of the Informal Economy Giorgio Brosio, Juan Pablo Jimenez and Roberto Zanola 22. Long-run and Shorter-run Criminal Cycles in the Economics of Public Bads Michele Caputo, Francesco Forte and Michela Mantovani

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Book SynopsisIn this two-volume set, the editors present seminal articles by leading SSA scholars describing the development of SSA Theory and its wider application. The first volume offers an introduction to SSA theory and covers the historical context, the founding documents of the approach, subsequent theoretical and empirical developments, the relationship between SSA theory and related approaches, and an introduction to the work of Bowles, Gordon and Weisskopf on the rise and demise of the postwar SSA. The second volume examines extensions to the SSA literature: applying SSA analysis to countries outside the United States, placing the history of a wider range of institutions within an SSA framework and current use of SSA analysis. The editors' comprehensive original introduction illuminates the state of SSA Theory up to the present and considers its future applications within further historical and theoretical contexts and in analysing and understanding the unfolding economic turmoil which began in 2007-2008.Table of ContentsContents: Volume I Acknowledgements Introduction Terrence McDonough, David M. Kotz and Michael Reich PART I THE HISTORICAL DEVELOPMENT OF SSA THEORY 1. Terrence McDonough (2007), ‘The Marxian Theory of Capitalist Stages’ 2. Michael Reich (1997), ‘Social Structure of Accumulation Theory: Retrospect and Prospect’ 3. Terrence McDonough (2008), ‘Social Structures of Accumulation Theory: The State of the Art’ PART II ORIGINS OF SSA THEORY 4. Michael Reich, David M. Gordon and Richard C. Edwards (1973), ‘Dual Labor Markets: A Theory of Labor Market Segmentation’ 5. David M. Gordon (1978), ‘Up and Down the Long Roller Coaster’ 6. David M. Gordon (1980), ‘Stages of Accumulation and Long Economic Cycles’ 7. David M. Gordon, Richard Edwards and Michael Reich (1982), ‘Long Swings and Stages of Capitalism’ PART III THEORETICAL AND EMPIRICAL DEVELOPMENTS IN SSA THEORY 8. David M. Kotz (1987), ‘Long Waves and Social Structures of Accumulation: A Critique and Reinterpretation’ 9. Terrence McDonough (1990), ‘The Resolution of Crisis in American Economic History: Social Structures of Accumulation and Stages of Captialism’ 10. Victor D. Lippit (2005), ‘Social Structures of Accumulation: The Theoretical Issues’ 11. David M. Kotz (2003), ‘Neoliberalism and the Social Structure of Accumulation Theory of Long-Run Capital Accumulation’ 12. Kent A. Klitgaard and Lisi Krall (2012), ‘Ecological Economics, Degrowth, and Institutional Change’ 13. F. Gregory Hayden (2011), ‘Integrating the Social Structure of Accumulation and Social Accounting Matrix with the Social Fabric Matrix’ 14. Jonathan P. Goldstein (1999), ‘The Existence, Endogeneity, and Synchronization of Long Waves: Structural Time Series Model Estimates’ 15. Minqi Li, Feng Xiao and Andong Zhu (2007), ‘Long Waves, Institutional Changes, and Historical Trends: A Study of the Long-Term Movement of the Profit Rate in the Capitalist World-Economy’ PART IV RELATED SCHOOLS 16. David M. Kotz (1990), ‘A Comparative Analysis of the Theory of Regulation and Social Structure of Accumulation Theory’ 17. Robert Went (2002), ‘Capitalism and Stages of Accumulation’ 18. Phillip Anthony O’Hara (1994), ‘An Institutionalist Review of Long Wave Theories: Schumpeterian Innovation, Modes of Regulation, and Social Structures of Accumulation’ 19. Mark Setterfield (2011), ‘Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory’ 20. Richard Westra (2010), ‘Periodizing Capitalism and the World Historic Transmutability of Capital’ PART V CRITIQUES OF THE SSA FRAMEWORK 21. Bruce Norton (1988), ‘The Power Axis: Bowles, Gordon, and Weisskopf’s Theory of Postwar U.S. Accumulation’ 22. Ismael Hossein-zadeh and Anthony Gabb (2000), ‘Making Sense of the Current Expansion of the U.S. Economy: A Long Wave Approach and a Critique’ 23. Stavros D. Mavroudeas (2012), ‘The Social Structure of Accumulation Approach’ PART VI SSA MACROMODELING A The Original Work of Bowles, Gordon and Weisskopf 24. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1983), ‘The Rise and Demise of the Postwar Corporate System’ 25. Thomas E. Weisskopf, Samuel Bowles and David M. Gordon (1983), ‘Hearts and Minds: A Social Model of US Productivity Growth’ 26. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1986), ‘Power and Profits: The Social Structure of Accumulation and the Profitability of the Postwar US Economy’ 27. Samuel Bowles, David M. Gordon and Thomas E. Weisskopf (1989), ‘Business Ascendancy and Economic Impasse: A Structural Retrospective on Conservative Economics, 1979–87’ 28. David M. Gordon, Thomas E. Weisskopf and Samuel Bowles ([1994] 1998), ‘Power, Profits and Investment: An Institutionalist Explanation of the Stagnation of U.S. Net Investment after the Mid-1960s’ 29. David M. Gordon, Thomas E. Weisskopf and Samuel Bowles (1983), ‘Long Swings and the Nonreproductive Cycle’ B Later Work by David Gordon 30. David M. Gordon (1994), ‘Putting Heterodox Macro to the Test: Comparing Post-Keynesian, Marxian and Social Structuralist Macroeconomic Models of the Post-war US Economy’ 31. David M. Gordon (1997), ‘From the Drive System to the Capital-Labor Accord: Econometric Tests for the Transition between Productivity Regimes’ C Extensions to this Macromodeling Tradition 32. Edwin Melendez (1990), ‘Accumulation and Crisis in a Small and Open Economy: The Postwar Social Structure of Accumulation in Puerto Rico’ 33. Dimitrios M. Mihail (1993), ‘Modelling Profits and Industrial Investment in Postwar Greece’ 34. Seongjin Jeong (1997), ‘The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?’ 35. Eric A. Nilsson (1996), ‘The Breakdown of the U.S. Postwar System of Labor Relations: An Econometric Study’ 36. Michael Reich (2013), ‘The Rising Strength of Management, High Unemployment, and Slow Growth: Revisiting Okun’s Law’ Volume II Acknowledgements An introduction to both volumes by the editors appears in Volume I PART I SSAs OUTSIDE THE UNITED STATES A Canada and Central America 1. Frank Strain and Hugh Grant (1991), ‘The Social Structure of Accumulation in Canada, 1945–1988’ 2. William I. Robinson (2001), ‘Transnational Processes, Development Studies and Changing Social Hierarchies in the World System: A Central American Case Study’ B The Apartheid SSA Debate 3. Stephen Gelb (1991), ‘South Africa’s Economic Crisis: An Overview’ 4. Nicoli Nattrass (1992), ‘Profitability: The Soft Underbelly of South African Regulation/SSA Analysis’ 5. James Heintz (2002), ‘Political Conflict and the Social Structure of Accumulation: The Case of South African Apartheid’ C. India 6. Shilpa Ranganathan and Harland Prechel (2007), ‘Political Capitalism, Neoliberalism, and Globalization in India: Redefining Foreign Property Rights and Facilitating Corporate Ownership, 1991–2005’ 7. Barbara Harriss-White (2004), ‘India’s Socially Regulated Economy’ 8. Alessandra Mezzadri (2008), ‘The Rise of Neo-liberal Globalisation and the “New Old” Social Regulation of Labour: A Case of Delhi Garment Sector’ PART II SSA HISTORY OF SPECIFIC INSTITUTIONS A The Spatialization School 9. Don Sherman Grant II and Michael Wallace (1994), ‘The Political Economy of Manufacturing Growth and Decline across the American States, 1970–1985’ 10. David Brady and Michael Wallace (2000), ‘Spatialization, Foreign Direct Investment, and Labor Outcomes in the American States, 1978–1996’ 11. Michael Wallace and David Brady (2001), ‘The Next Long Swing: Spatialization, Technocratic Control, and the Restructuring of Work at the Turn of the Century’ 12. Linda Lobao, Jamie Rulli and Lawrence A. Brown (1999), ‘Macrolevel Theory and Local-Level Inequality: Industrial Structure, Institutional Arrangements, and the Political Economy of Redistribution, 1970 and 1990’ B Unions 13. Michele I. Naples (1996), ‘Labor Relations and the Social Structure of Accumulation: The Case of U.S. Coal Mining’ 14. Stephen Frenkel (1993), ‘Australian Trade Unionism and the New Social Structure of Accumulation’ C Criminology 15. David E. Barlow, Melissa Hickman Barlow and Theodore G. Chiricos (1993), ‘Long Economic Cycles and the Criminal Justice System in the U.S.’ 16. David E. Barlow and Melissa Hickman Barlow (1994/95), ‘Federal Criminal Justice Legislation and the Post-World War II Social Structure of Accumulation in the United States’ 17. Raymond J. Michalowski and Susan M. Carlson (2000), ‘Crime, Punishment, and Social Structures of Accumulation: Toward a New and Much Needed Political-Economy of Justice’ D Race and Gender 18. Robert Cherry (1991), ‘Race and Gender Aspects of Marxian Macromodels: The Case of the Social Structure of Accumulation School 1948–68’ 19. Phillip Anthony O’Hara (1995), ‘Household Labor, the Family, and Macro-economic Instability in the United States: 1940s–1990s’ 20. Michael D. Gillespie (2011), ‘Capital Accumulation and Family Economic Deterioration: Historical Contingencies and the “Great Recession” of the United States’ 21. Ellen Mutari and Deborah M. Figart (1997), ‘Comparable Worth in a Restructuring Economy: Discourse and Counter-Discourse’ 22. Francisco Valdes and Sumi Cho (2011), ‘Critical Race Materialism: Theorizing Justice in the Wake of Global Neoliberalism’ E Finance 23. Martin H. Wolfson (2013), ‘An Institutional Theory of Financial Crisis’ F Corporate Organization 24. Harland Prechel (2003), ‘Historical Contingency Theory, Policy Paradigm Shifts, and Corporate Malfeasance at the Turn of the 21st Century’ G Social Policy 25. Mimi Abramovitz (2012), ‘Theorising the Neoliberal Welfare State for Social Work’ H State and Ideology 26. Stephen McBride (2013), ‘The New Constitutionalism: International and Private Rule in the New Global Order’ 27. Harland Prechel and John B. Harms (2007), ‘Politics and Neoliberalism: Theory and Ideology’ PART III GLOBAL NEOLIBERALISM AND ITS CRISIS 28. Robert Went (2005), ‘Globalization: Waiting – in Vain – for the New Long Boom’ 29. John Asimakopoulos (2009), ‘Globally Segmented Labor Markets: The Coming of the Greatest Boom and Bust, Without the Boom’ 30. William K. Tabb (2012), ‘Financialization and Social Structures of Accumulation’ 31. W.I. Robinson (2012), ‘Global Capitalism Theory and the Emergence of Transnational Elites’ 32. Terrence McDonough and Tony Dundon (2010), ‘Thatcherism Delayed? The Irish Crisis and the Paradox of Social Partnership’ 33. David M. Kotz (2010), ‘The Final Conflict: What Can Cause a System-Threatening Crisis of Capitalism?’ 34. Duncan K. Foley (2012), ‘The Political Economy of Postcrisis Global Capitalism’ 35. Fred Block (2011), ‘Crisis and Renewal: The Outlines of a Twenty-First Century New Deal’ 36. Phillip Anthony O’Hara (2000), ‘A New Social Structure of Accumulation or the Emerging Global Crisis of Capitalism?’ Index

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Book SynopsisThere has been a recent evolution in the relationship between modern monetary policy and central banking, visible in the now merged study of public economic choices made every day and the features of monetary architectures and institutions. Though previously separate focuses, these are now accepted by academic scholars and policymakers to be two critical areas that are intrinsically linked.Modern Monetary Policy and Central Bank Governance explores this change by bringing together the best research from experts in the field to achieve a comprehensive examination of the subject, innovatively addressing its two critical angles in a single volume.Trade Review'In the aftermath of the crisis, redesigning the institutional framework governing money and finance to foster financial stability has become a priority. This volume brings together key contributions that help elucidate the economic and political complexity that must be addressed to improve the governance of central banks and their contribution to economic and financial stability.' -- Athanasios Orphanides, Professor of the Practice of Global Economics and Management, MIT Sloan School of ManagementTable of ContentsContents Acknowledgements Introduction Sylvester Eijffinger and Donato Masciandaro PART I MONETARY POLICY: HOW TO GOVERN MONEY AND INTEREST RATES A New Classical View: Rational Expectations, Monetary Policy and Central Bankers 1. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’ 2. Robert J. Barro and David B. Gordon (1983), ‘Rules, Discretion and Reputation in a Model of Monetary Policy’ 3. Kenneth Rogoff (1985), ‘The Optimal Degree of Commitment to an Intermediate Monetary Target’ 4. Susanne Lohmann (1992), ‘Optimal Commitment in Monetary Policy: Credibility Versus Flexibility’ 5. Sylvester C.W. Eijffinger and Marco Hoeberichts (1998), ‘The Trade Off Between Central Bank Independence and Conservativeness’ B New Keynesian View: Market Imperfections, Monetary Policy and Real Effects 6. Ben S. Bernanke and Mark Gertler (1995), ‘Inside the Black Box: The Credit Channel of Monetary Policy Transmission’ 7. Richard Clarida, Jordi Galí and Mark Gertler (1999), ‘The Science of Monetary Policy: A New Keynesian Perspective’ 8. Michael Woodford (2003), ‘Optimal Interest-Rate Smoothing C Merging the Views: Monetary Policy and the Engineering of Rules and Institutions 9. John B. Taylor (1993), ‘Discretion Versus Policy Rules in Practice’ 10. Dale W. Henderson and Warwick J. McKibbin (1993), ‘A Comparison of Some Basic Monetary Policy Regimes for Open Economies: Implications of Different Degrees of Instrument Adjustment and Wage Persistence’ 11. Torsten Persson and Guido Tabellini (1993), ‘Designing Institutions for Monetary Stability’ 12. Carl E. Walsh (1995), ‘Optimal Contracts for Central Bankers’ 13. Lars E.O. Svensson (1997), ‘Optimal Inflation Targets, “Conservative” Central Banks, and Linear Inflation Contracts’ PART II CENTRAL BANKING: HOW TO DESIGN THE MONETARY ARCHITECTURES A Central Bank Independence 14. Vittorio Grilli, Donato Masciandaro and Guido Tabellini (1991), ‘Political and Monetary Institutions and Public Financial Policies in the Industrial Countries’ 15. Alex Cukierman, Steven B. Webb and Bilin Neyapti (1992), ‘Measuring the Independence of Central Banks and Its Effect on Policy Outcomes’ 16. Alberto Alesina and Lawrence H. Summers (1993), ‘Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence’ 17. Bennett T. McCallum (1995), ‘Two Fallacies Concerning Central-Bank Independence’ 18. Adam S. Posen (1995), ‘Declarations Are Not Enough: Financial Sector Sources of Central Bank Independence’ 19. Charles Goodhart and Dirk Schoenmaker (1995), ‘Should the Functions of Monetary Policy and Banking Supervision be Separated?’ B Central Bank Accountability and Transparency 20. Clive Briault, Andrew Haldane and Mervyn King (1996), ‘Central Bank Independence and Accountability: Theory and Evidence’ 21. Otmar Issing (2005), ‘Communication, Transparency, Accountability: Monetary Policy in the Twenty-First Century’ 22. Sylvester C.W. Eijffinger and Petra M. Geraats (2006), ‘How Transparent are Central Banks?’ C Central Bank Communication 23. Alex Cukierman and Allan H. Meltzer (1986), ‘A Theory of Ambiguity, Credibility and Inflation under Discretion and Asymmetric Information’ 24. Marvin Goodfriend (1986), ‘Monetary Mystique: Secrecy and Central Banking’ 25. Alan S. Blinder, Michael Ehrmann, Marcel Fratzscher, Jakob de Haan and David-Jan Jansen (2008), ‘Central Bank Communication and Monetary Policy: A Survey of Theory and Evidence’

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Book Synopsis'Bainbridge and Henderson have given us one of the most important books on one of the most important contemporary legal issues, the liability of individual and corporate shareholders for corporate debts. There is no issue in corporate law more subject to uncertainty and no issue more likely to be litigated. No single book has ever attempted, much less carried off, the complete historical, international, economic and legal theoretical exegesis of limited liability, which these two authors do with range, depth, confidence and even a bit of panache. This monograph, of crucial interest both to scholars and practitioners, will become an instant classic and an immediate authority.'Stephen B. Presser, Northwestern University and the author of Piercing the Corporate VeilThe modern corporation has become central to our society. The key feature of the corporation that makes it such an attractive form of human collaboration is its limited liability. This book explores how allowing those who form the corporation to limit their downside risk and personal liability to only the amount they invest allows for more risks to be taken at a lower cost.This comprehensive economic analysis of the policy debate surrounding the laws governing limited liability examines limited it not only in an American context, but internationally, as the authors consider issues of limited liability in Britain, Europe and Asia. Stephen Bainbridge and M. Todd Henderson begin with an exploration of the history and theory of limited liability, delve into an extended analysis of corporate veil piercing and related doctrines, and conclude with thoughts on possible future reforms. Limited liability in unincorporated entities, reverse veil piercing and enterprise liability are also addressed. This comprehensive book will be of great interest to students and scholars of corporate law. The book will also be an invaluable resource for judges and practitioners.Trade Review'This book does a wonderful job of bringing sharp and clear analysis to a breathtakingly complex and poorly understood area of law. In particular, the book is distinctive for its careful treatment of the inefficiencies generated by current confusion and apparent subjectivity of the law in many states. Also of interest is the book's thoughtful economic analysis of the various ways that parent companies and other controlling investors react to the confused state of the law.' --Jonathan Macey, Yale University'Professors Bainbridge and Henderson have made an outstanding contribution to the literature on limited liability. There is something valuable for everyone in this book, which provides not only a clear and comprehensive exposition of the doctrine and theory of limited liability, but also with a cogent and clever solution to limited liability's deeply troubled exception, veil-piercing. This is an important book in one of the most important areas of business law, and is a tremendous, versatile resource for attorneys, entrepreneurs, students and scholars alike.' --Peter Oh, University of Pittsburgh'This new text represents scholarship in its finest form. Professors Bainbridge and Henderson provide, in succinct form, a masterly coverage of the central corporate law concept of limited liability. . . This is a ''must have'' component for the personal library of any serious scholar of corporate law in the developed world. Students at all levels will benefit from the insights on offer. It could be read with interest by a range of policymakers. I would recommend it without any qualification.' --International Company and Commercial Law ReviewTable of ContentsContents: 1. Introduction 2. History of Limited Liability 3. Why does the Law Limit Corporate Shareholders’ Liability? 4. Veil Piercing Standards 5. What Law Applies? 6. Veil Piercing in Statutory Contexts 7. Related Doctrines 8. Veil Piercing in Unincorporated Entities 9. Limited Liability in Comparative Perspective 10. Rethinking Veil Piercing 11. Conclusion Index

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Book SynopsisThe Elgar Companion to Hayekian Economics provides an in-depth treatment of Friedrich August von Hayek's 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.Providing a thorough and balanced account of Hayek's work, the authors examine his wide-ranging contribution to thought in the areas of business cycles, socialism and trade unions and the socialist calculation debate, as well as social justice, spontaneous order, globalization and free trade. The authors provide enlightening comparisons between Hayek's views and those of Ludwig von Mises, Ludwig M. Lachmann, Milton Friedman and John Maynard Keynes.Scholars working in the classical liberal tradition as well as academic economists and political scientists will find this in-depth account to be an invaluable resource.Contributors: R.E. Backhouse, C.W. Baird, P.J. Boettke, E. Colombato, C.J. Coyne, R.M. Ebeling, R.W. Garrison, S.G. Horwitz, P.T. Leeson, P. Lewin, P. Lewis, R. Nef, D. O'Brien, M. Pennington, M. Ricketts, C. Smith, G.R. SteeleTable 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

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Book SynopsisStefan Késenne's work has added a new dimension to the literature by bringing a European perspective to the analysis of professional sports leagues. This text sets out his research programme in a clear and accessible manner. His work is profoundly influential in the sports literature and the lessons of this book need to be understood by all those interested in policies and practices of sports leagues.'- Stefan Szymanski, Cass Business School, UK'Stefan Késenne is one of the most innovative, clear-headed sports economists writing today. With this book, he has provided a thoughtful, accessible exegesis of the extant literature on the economic theory of team sports leagues. There is no book like this currently available. It will serve as an excellent text for advanced undergraduate and graduate courses in sports economics. I heartily recommend it.'- Andrew Zimbalist, Smith College, USThis revised and updated edition of a classic text offer the most comprehensive and rigorous analytical treatment of the theory of professional team sports presently available. It will be required reading for advanced undergraduate and graduate students in sports economics.Stefan Késenne elucidates the subject in a clear and accessible manner, addressing many of the most pertinent issues including:- The peculiar economics of professional team sports- Sports product market- Player labor market- Product and labor market equilibrium- Restrictions on player mobility- Revenue sharing- Salary capsThis second edition of The Economic Theory of Professional Team Sports also includes student exercises at the end of each chapter and a useful bibliography of further reading.Contents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Answers to Exercises References and Selected Bibliography IndexTrade ReviewAcclaim for the first edition: 'In short this book is a fine and scholarly piece of economic research that focuses on issues of current relevance and theoretical discussion and which are analysed rigorously.' --- Paul Downward, Leisure StudiesAn excellent volume for courses on economics or related quantitative fields, this volume is one of a kind, and for that reason libraries should consider purchasing it. No other title currently on the market comes close to doing what Kesenne's does... first-rate. Highly recommended. --- A.R. Sanderson, ChoiceTable of ContentsContents: Foreword 1. The Peculiar Economics of Professional Team Sports 2. Sports Product Market 3. Player Labour Market 4. Product and Labour Market 5. Restrictions on Player Mobility 6. Revenue Sharing 7. Salary Caps Answers to Exercises References and Selected Bibliography Index

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Book SynopsisMankind is faced with a number of serious problems that demand an effective solution. The prevalence of injustice and the frequency of financial crises are two of the most serious of these problems. Consisting of an in-depth introduction along with a selection of eight of Muhammad Umer Chapra's essays - four on Islamic economics and four on Islamic finance - this timely book raises the question of what can be done to not only minimize the frequency and severity of the financial crises, but also make the financial system more equitable.The author considers the origins of Islamic economics and outlines its development and underlying principles. He compares the approach taken to ethics and economics in Islam with that taken in the West, considering whether lessons can be applied to the global financial architecture in order to mitigate against financial crises. The book also examines the case against interest and looks at both innovation in Islamic finance, as well as challenges facing the industry.Written by a leading authority in the field, this book will be a stimulating resource for students and researchers in Islamic economics and finance, as well as providing valuable insight to all of those with an interest in financial systems and their interaction with society.Contents: Preface Introduction Part I Islamic Economics 1. Is it Necessary to Have Islamic Economics? 2. Islamic Economics: What it is and How it Developed 3. Ethics and Economics: The Islamic Imperative 4. Ibn Khaldun's Theory of Development: Does it Help Explain the Low Performance of the Present Day Muslim World? Part II Islamic Finance 5. The Case Against Interest: Is it Compelling? 6. Innovation and Authenticity in Islamic Finance 7. Challenges Facing the Islamic Financial Industry 8. The Global Financial Crisis: Some Suggestions for Reform of the Global Financial System in the Light of Islamic Finance IndexTable of ContentsContents: Preface Introduction Part I Islamic Economics 1. Is it Necessary to Have Islamic Economics? 2. Islamic Economics: What it is and How it Developed 3. Ethics and Economics: The Islamic Imperative 4. Ibn Khaldun’s Theory of Development: Does it Help Explain the Low Performance of the Present Day Muslim World? Part II Islamic Finance 5. The Case Against Interest: Is it Compelling? 6. Innovation and Authenticity in Islamic Finance 7. Challenges Facing the Islamic Financial Industry 8. The Global Financial Crisis: Some Suggestions for Reform of the Global Financial System in the Light of Islamic Finance Index

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Book SynopsisThis book offers an assessment of theories of distribution and growth after Keynes. It presents an overview of the main contributions with a particular focus on the development of post-Keynesian/Kaleckian models.In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, and finally the approaches by Kalecki and Steindl. In the second part of the book neo- and post-Kaleckian models are gradually developed, introducing saving from wages, international trade, technological progress, interest and credit. Issues of ?financialisation? are also explored and empirical results related to the different models are presented. This unique book is designed for courses in distribution and growth in graduate programmes or at the advanced undergraduate level. It can also be used as supplementary reading for classes in macroeconomics. The book should also be of value for researchers interested in issues of distribution and growth.Trade Review‘Eckhard Hein's book is a great accomplishment in that it is a long comprehensive, and somewhat technical treatment, and yet at the same time an entertaining read. At 576 pages, Distribution and Growth after Keynes: A Post-Keynesian Guide reviews growth theory contributions ranging from the classical economists to new growth theory to Michael Kalecki, with many stops in between. Despite this encyclopedic coverage, however, it is not an encyclopedia. Rather, it is a critical review with the ultimate aim of developing a model that can explain current real-world developments. ' -- John Harvey, Journal of Economic Literature‘At a time when both the academic and the political establishment combine to convince us that there is no alternative to finance dominated capitalism, this lucidly argued book provides a refreshing intellectual challenge to conventional wisdom. Despite its relatively modest title in Distribution and Growth after Keynes: A Post-Keynesian Guide Professor Eckhard Hein achieves much more than just guiding the reader through the literature. With many original insights he discriminates with masterly skill among a wide range of theories about long term capitalistic growth, contrasting them against mainstream neoclassical growth models. He weaves his argument with stylized facts and statistical analyses to provide us with a coherent view of complex issues like class conflict and cooperation, the nature of the modern firm and its financial structure, technical progress, external trade and financial globalization, topics not dealt with in most over-simplified aggregate growth models. The book should be an essential reading not only for all researchers in the area but also for students who want to be equipped to imagine a feasible economic alternative in a rigorous way with the help of economic theory.’ -- Amit Bhaduri, Jawaharlal Nehru University, India, and Pavia University, Italy‘The recent global financial and economic recession has underscored the shortcomings of mainstream macroeconomic and growth theory. Hein provides an excellent guide to an alternative theory that draws on the ideas of Kalecki and Steindl. After reviewing the contributions of these pioneers, he provides an authoritative discussion of theoretical models, empirical analyses and controversies related to this tradition. The book can be expected to draw the attention of students and scholars to an approach to the study of growth and distribution that has much to offer.’ -- Amitava Krishna Dutt, University of Notre Dame, US and FLACSO, Ecuador‘At a time where income inequality is once again the focus of attention of economists, politicians and the general public, Hein’s book is a welcome and pedagogical addition to the literature as it presents a fully integrated overview of the post-Keynesian models of growth and income distribution, dealing with the classics of the field as well as the latest extensions, to which Eckhard Hein has himself contributed.’ -- Marc Lavoie, University of Ottawa, Canada, and University of Paris 13, FranceTable of ContentsContents: 1. Introduction 2. From Keynes to Domar and Harrod: Considering the Capacity Effect of Investment and an Attempt at Dynamic Theory 3. Neoclassical DIstribution and Growth Theory: Old and New – and a Critique 4. Post-Keynesian Distribution and Growth Theories I: Kaldor, Pasinetti, Thirlwall and Robinson 5. Post-Keynesian Distribution and Growth Theories II: Kalecki and Steindl 6. The Basic Kaleckian Distribution and Growth Models 7. Extending Kaleckian Models I: Saving out of Wages and Open Economy Issues 8. Extending Kaleckian Models II: Technical Progress 9. Extending Kaleckian Models III: Interest and Credit 10. Extending Kaleckian Models IV: Finance-dominated Capitalism 11. The Kaleckian Models and Classical, Marxian and Harrodian Critique 12. Conclusions Appendix References Index

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Book SynopsisThis book offers an assessment of theories of distribution and growth after Keynes. It presents an overview of the main contributions with a particular focus on the development of post-Keynesian/Kaleckian models.In the first part of the book, Eckhard Hein presents a comprehensive overview of the main approaches towards distribution and growth including the contributions of Harrod and Domar, old and new neoclassical theories including the fundamental capital controversy critique, the post-Keynesian contributions of Kaldor, Pasinetti, Thirlwall and Robinson, and finally the approaches by Kalecki and Steindl. In the second part of the book neo- and post-Kaleckian models are gradually developed, introducing saving from wages, international trade, technological progress, interest and credit. Issues of ?financialisation? are also explored and empirical results related to the different models are presented. This unique book is designed for courses in distribution and growth in graduate programmes or at the advanced undergraduate level. It can also be used as supplementary reading for classes in macroeconomics. The book should also be of value for researchers interested in issues of distribution and growth.Trade Review‘Eckhard Hein's book is a great accomplishment in that it is a long comprehensive, and somewhat technical treatment, and yet at the same time an entertaining read. At 576 pages, Distribution and Growth after Keynes: A Post-Keynesian Guide reviews growth theory contributions ranging from the classical economists to new growth theory to Michael Kalecki, with many stops in between. Despite this encyclopedic coverage, however, it is not an encyclopedia. Rather, it is a critical review with the ultimate aim of developing a model that can explain current real-world developments. ' -- John Harvey, Journal of Economic Literature‘At a time when both the academic and the political establishment combine to convince us that there is no alternative to finance dominated capitalism, this lucidly argued book provides a refreshing intellectual challenge to conventional wisdom. Despite its relatively modest title in Distribution and Growth after Keynes: A Post-Keynesian Guide Professor Eckhard Hein achieves much more than just guiding the reader through the literature. With many original insights he discriminates with masterly skill among a wide range of theories about long term capitalistic growth, contrasting them against mainstream neoclassical growth models. He weaves his argument with stylized facts and statistical analyses to provide us with a coherent view of complex issues like class conflict and cooperation, the nature of the modern firm and its financial structure, technical progress, external trade and financial globalization, topics not dealt with in most over-simplified aggregate growth models. The book should be an essential reading not only for all researchers in the area but also for students who want to be equipped to imagine a feasible economic alternative in a rigorous way with the help of economic theory.’ -- Amit Bhaduri, Jawaharlal Nehru University, India, and Pavia University, Italy‘The recent global financial and economic recession has underscored the shortcomings of mainstream macroeconomic and growth theory. Hein provides an excellent guide to an alternative theory that draws on the ideas of Kalecki and Steindl. After reviewing the contributions of these pioneers, he provides an authoritative discussion of theoretical models, empirical analyses and controversies related to this tradition. The book can be expected to draw the attention of students and scholars to an approach to the study of growth and distribution that has much to offer.’ -- Amitava Krishna Dutt, University of Notre Dame, US and FLACSO, Ecuador‘At a time where income inequality is once again the focus of attention of economists, politicians and the general public, Hein’s book is a welcome and pedagogical addition to the literature as it presents a fully integrated overview of the post-Keynesian models of growth and income distribution, dealing with the classics of the field as well as the latest extensions, to which Eckhard Hein has himself contributed.’ -- Marc Lavoie, University of Ottawa, Canada, and University of Paris 13, FranceTable of ContentsContents: 1. Introduction 2. From Keynes to Domar and Harrod: Considering the Capacity Effect of Investment and an Attempt at Dynamic Theory 3. Neoclassical DIstribution and Growth Theory: Old and New – and a Critique 4. Post-Keynesian Distribution and Growth Theories I: Kaldor, Pasinetti, Thirlwall and Robinson 5. Post-Keynesian Distribution and Growth Theories II: Kalecki and Steindl 6. The Basic Kaleckian Distribution and Growth Models 7. Extending Kaleckian Models I: Saving out of Wages and Open Economy Issues 8. Extending Kaleckian Models II: Technical Progress 9. Extending Kaleckian Models III: Interest and Credit 10. Extending Kaleckian Models IV: Finance-dominated Capitalism 11. The Kaleckian Models and Classical, Marxian and Harrodian Critique 12. Conclusions Appendix References Index

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Book SynopsisThis book provides a scathing antidote to the standard propositions made by economists about how wonderful market organization is. At the same time the criticism is balanced and recognizes well the advantages of market organization for certain kinds of goods and services. Bart Nooteboom is one of the broadest, and sharpest, social scientists writing today, and this book is vintage Nooteboom'- Richard R. Nelson, Columbia University, USIn this thought-provoking book, Bart Nooteboom offers a radical critique of the principal intellectual and moral assumptions underlying economic science, unravelling the notion of markets: how they work and fail, and how they may be redirected to better serve us.Initially, the inadequacy of economic science in the wake of recent financial and economic crises is outlined. Few economists predicted the crises and subsequent economic thought has been nebulous, failing to apprize guidance, understanding and prevention for the future. Established practices in finance and business continue regardless, and confusion has bred among policy makers, the public, and even economists on what markets actually are. Bart Nooteboom employs an Aristotelian virtue ethic, with a view to multiple dimensions of 'the good life', upturning the utilitarian ethic that dominates economic science and modern politics. The critique makes a corrective-turn, transforming economic thought into an integrative, ethical and interdisciplinary behavioral science of markets.Nooteboom's interdisciplinary approach makes this book an appealing read to economists, sociologists and political scientists with an interest in market processes. People concerned about how markets are developing and policy makers will welcome this topical work to gain fresh insights into collaborative and ethical market policy. This timely book will vitalize debate about markets, what they do and how they may work better.Contents: 1. Introduction 2. Foundations of markets 3. How markets work and fail 4. Variety of industries 5. Hybrids and examples 6. Alternatives IndexTrade Review‘This book provides a scathing antidote to the standard propositions made by economists about how wonderful market organization is. At the same time the criticism is balanced and recognizes well the advantages of market organization for certain kinds of goods and services. Bart Nooteboom is one of the broadest, and sharpest, social scientists writing today, and this book is vintage Nooteboom.’ -- Richard R. Nelson, Columbia University, USTable of ContentsContents: 1. Introduction 2. Foundations of markets 3. How markets work and fail 4. Variety of industries 5. Hybrids and examples 6. Alternatives Index

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Book SynopsisThis book provides a scathing antidote to the standard propositions made by economists about how wonderful market organization is. At the same time the criticism is balanced and recognizes well the advantages of market organization for certain kinds of goods and services. Bart Nooteboom is one of the broadest, and sharpest, social scientists writing today, and this book is vintage Nooteboom'- Richard R. Nelson, Columbia University, USIn this thought-provoking book, Bart Nooteboom offers a radical critique of the principal intellectual and moral assumptions underlying economic science, unravelling the notion of markets: how they work and fail, and how they may be redirected to better serve us.Initially, the inadequacy of economic science in the wake of recent financial and economic crises is outlined. Few economists predicted the crises and subsequent economic thought has been nebulous, failing to apprize guidance, understanding and prevention for the future. Established practices in finance and business continue regardless, and confusion has bred among policy makers, the public, and even economists on what markets actually are. Bart Nooteboom employs an Aristotelian virtue ethic, with a view to multiple dimensions of 'the good life', upturning the utilitarian ethic that dominates economic science and modern politics. The critique makes a corrective-turn, transforming economic thought into an integrative, ethical and interdisciplinary behavioral science of markets.Nooteboom's interdisciplinary approach makes this book an appealing read to economists, sociologists and political scientists with an interest in market processes. People concerned about how markets are developing and policy makers will welcome this topical work to gain fresh insights into collaborative and ethical market policy. This timely book will vitalize debate about markets, what they do and how they may work better.Contents: 1. Introduction 2. Foundations of markets 3. How markets work and fail 4. Variety of industries 5. Hybrids and examples 6. Alternatives IndexTrade Review‘This book provides a scathing antidote to the standard propositions made by economists about how wonderful market organization is. At the same time the criticism is balanced and recognizes well the advantages of market organization for certain kinds of goods and services. Bart Nooteboom is one of the broadest, and sharpest, social scientists writing today, and this book is vintage Nooteboom.’ -- Richard R. Nelson, Columbia University, USTable of ContentsContents: 1. Introduction 2. Foundations of markets 3. How markets work and fail 4. Variety of industries 5. Hybrids and examples 6. Alternatives Index

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Book SynopsisThis comprehensive second edition of The Elgar Companion to Social Economics presents an overview of a dynamic and growing field in economics that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency.Leading contributors in the field elucidate a wide range of recent developments across different subject areas and topics. Contributors map the likely trends and directions of future research, making this second edition of the Companion a leading reference source and guide to social economics for many years to come.Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics.Contributors include: R. Aalbers, M. Altman, D.B. Audretsch, P. Bardhan, P.D. Bush, J. C. Caldas, D. Campbell, M.D. Carr, L.F. Carvalho, M.M. Co gel, F.A. Cowell, C. Dannreuther, J.B. Davis, A. Deshpande, G. DeMartino, W. Dolfsma, S.C. Dow, W.M. Dugger, Z. Emami, D.M. Figart, D. George, I. Grabel, S.P. Hargreaves Heap, G.M. Hodgson, M. Keilbach, O. Kessler, S. Kesting, M. Klaes, A. Kleinknecht, E. Kuiper, H. Lopes, C. Lutz, A. Mayhew, B. McMaster, A. Mehmood, P. Mellizo, F. Moulaert, E. Mutari, P.A. O'Hara, J. Paavola, M. Power, I. Ray, J. Rodrigues, I. Røpke, H. Schenk, N. Sirven, M.A. Starr, G. van der Velde, I. van Staveren, J. Vail, M.D. White, L.R. WrayTrade ReviewAcclaim for the first edition:This volume will be of great interest to economists writing in the heterodox tradition and/or to mainstream economists seeking a richer analysis of socioeconomic relationships. Highly recommended. --- Q.M. Duroy, ChoiceTable of ContentsContents: Introduction John B. Davis and Wilfred Dolfsma PART I SOCIAL CONCERNS IN ECONOMICS 1. Environment and Sustainability Jouni Paavola and Inge Røpke 2. Institutions, Culture and Values Anne Mayhew 3. Insecurity John Vail 4. Contesting the ‘Globalization Thesis’: An Ethical Imperative George DeMartino 5. Teaching and Learning in Economics Zohreh Emami PART II THE SOCIALLY EMBEDDED INDIVIDUAL 6. Individual, Preferences and Decision-Making Shaun P. Hargreaves Heap 7. The Conception of the Socially Embedded Individual John B. Davis 8. The Social Dimension of Internal Conflict David George 9. The Socio-economics of Consumption: Solutions to the Problems of Interest, Knowledge, and Identity Metin M. Coşgel PART III INDIVIDUAL IN CONTEXT 10. Capabilities and Well-being Irene van Staveren 11. Culture, Values and Institutions Paul D. Bush 12. Caste and Diversity in India Ashwini Deshpande 13. Feminism and/in Economics Edith Kuiper PART IV GROWTH AND (IN-)EQUALITY 14. Income Distribution and Inequality Frank A. Cowell 15. The Social Economics of Growth and Inequality Morris Altman PART V SOCIALLY EMBEDDED EXCHANGE: MARKETS 16. Markets Geoffrey M. Hodgson 17. Are Markets Everywhere? Understanding Contemporary Processes of Commodification Luis Francisco Carvalho and João Rodrigues 18. Social Provisioning Through Work Deborah M. Figart and Ellen Mutari 19. Social Provisioning Marilyn Power PART VI SOCIALLY EMBEDDED EXCHANGE: FIRMS 20. The Cement of the Firm: Command, Separation or Association? Helena Lopes and José Castro Caldas 21. Knowledge Spillover Entrepreneurship and Innovation in Large and Small Firms David B. Audretsch and Max Keilbach 22. Firms, Managers and Restructuring: Implications of a Social Economics View Hans Schenk 23. Community-oriented Versus Market-oriented Cooperative Organizationsin Developing Countries: Is Open Membership an Indicator for Success or Failure? Clemans Lutz 24. Workplace Democracy: Current State and Future Directions of the Literature Michael D. Carr and Philip Mellizo PART VII SOCIAL RELATIONS IN THE ECONOMY 25. Social Capital: A Critique and Extension Nicolas Sirven 26. Organizations as Social Networks Rick Aalbers and Wilfred Dolfsma 27. Communication in the Economy - The Example of Innovation Stefan Kesting 28. Methodological Approaches in Economics and Anthropology Pranab Bardhan and Isha Ray PART VIII FINANCE, MONEY AND POLICY 29. Saving, The Stock-market and Pension Systems Martha A. Starr 30. Monetary Policy Sheila C. Dow 31. Banking, Finance and Money: a Socio-economics Approach L. Randall Wray 32. Finance, Development and Social Economics in View of the Global Crisis Ilene Grabel PART IX THE STATE 33. Welfare State and Privatization Bob McMaster 34. The States of Social Economics Charlie Dannreuther and Oliver Kessler PART X LAW AND THE ECONOMY 35. Law and Social Economics: A Coasean Perspective David Campbell and Matthias Klaes 36. Securing an Ethical Foundation for Law and Social Economics Mark D. White PART XI THE LONG VIEW 37. Technology and Long Waves in Economic Growth Alfred Kleinknecht and Gerben van der Velde 38. Analysing Regional Development: From Territorial Innovation to Path Dependent Geography Frank Moulaert and Abid Mehmood 39. Radical Institutionalism William M. Dugger 40. Exploitation and Surplus Philip Anthony O'Hara Index

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Book SynopsisThis volume provides a comprehensive examination of public policy aspects of the economics of professional sports.The book offers a unique focus on public policy, covering regulation and competition in the sports industry and its labour markets, governance issues including unethical behavior (corruption, doping, etc.), and public spending on stadiums and mega-events. It also offers an original combination of economic analysis and well-known international examples, from Australia, the United States and Europe, which have provided alternative organizational models of professional team sports. Australia is an interesting case study not only because sport holds a particularly important place in the national psyche but also due to the range of popular professional sports played. The book also analyses the globalization of many sports, the role of international governing bodies, and the difficulties in pursuing effective public policies in this context.This book is a significant contribution to research in sports economics aimed at students and academics interested in both the economics of professional sports and public policy.Contents: 1. Introduction 2. The Industry Structure of Team Sports 3. Labour Markets 4. Stadium Funding 5. Economic Benefits of Mega-events 6. Mega-event Bidding 7. Unethical Behaviour in Sport 8. Governing Bodies 9. Conclusions IndexTrade Review‘ . . . an accessible read for both the undergraduate and even noneconomist (sport fan) alike. It has potential suitability as a supplementary text, or even as a prescribed text for a (more nontechnical) sports economics course. Public Policy and Professional Sports: International and Australian Experiences makes for a compelling read. A distinctive contribution to the existing literature.’ -- Liam Lenten, Journal of Sports EconomicsTable of ContentsContents: 1. Introduction 2. The Industry Structure of Team Sports 3. Labour Markets 4. Stadium Funding 5. Economic Benefits of Mega-events 6. Mega-event Bidding 7. Unethical Behaviour in Sport 8. Governing Bodies 9. Conclusions Index

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Book SynopsisThe research review discusses important papers in the Economics of Advertising since the Millennium. It covers embellishments of established theories, newer theories, and empirical testing of both. Topics include informative, persuasive, and comparative advertising, content analysis, targeting, information congestion, signalling, and information disclosure. Scholars of marketing and economics will find here both a back-drop and recent advances.Table of ContentsContents: Introduction Simon P. Anderson PART I ECONOMIC THEORIES OF ADVERTISING 1. C. Christou and N. Vettas (2008), ‘On Informative Advertising and Product Differentiation’, International Journal of Industrial Organization, 26 (1), January, 92–112 2. Claude Fluet and Paolo G. Garella (2002), ‘Advertising and Prices as Signals of Quality in a Regime of Price Rivalry’, International Journal of Industrial Organization, 20 (7), September, 907–30 3. Edward L. Glaeser and Gergely Ujhelyi (2010), ‘Regulating Misinformation’, Journal of Public Economics, 94 (3–4), April, 247–57 4. Ivan Pastine and Tuvana Pastine (2002), ‘Consumption Externalities, Coordination, and Advertising’, International Economic Review, 43 (3), August, 919–43 5. Ganesh Iyer, David Soberman and J. Miguel Villas-Boas (2005), ‘The Targeting of Advertising’, Marketing Science, 24 (3), Summer, 461–76 6. Greg Shaffer and Florian Zettelmeyer (2004), ‘Advertising in a Distribution Channel’, Marketing Science, 23 (4), Fall, 619–28 7. Kurt R. Brekke and Michael Kuhn (2006), ‘Direct to Consumer Advertising in Pharmaceutical Markets’, Journal of Health Economics, 25 (1), January, 102–30 PART II INFORMATION DISCLOSURE 8. Simon P. Anderson and Régis Renault (2006), ‘Advertising Content’, American Economic Review, 96 (1), March, 93–113 9. Justin P. Johnson and David P. Myatt (2006), ‘On the Simple Economics of Advertising, Marketing, and Product Design’, American Economic Review, 96 (3), June, 756–84 10. Simon P. Anderson and Régis Renault (2013), ‘The Advertising Mix for a Search Good’, Management Science, 59 (1), January, 69–83 11. Oliver Board (2009), ‘Competition and Disclosure’, Journal of Industrial Economics, LVII (1), March, 197–213 12. Monic Sun (2011), ‘Disclosing Multiple Product Attributes’, Journal of Economics and Management Strategy, 20 (1), Spring, 195–224 13. Archishman Chakraborty and Rick Harbaugh (2014), ‘Persuasive Puffery’, Marketing Science, 33 (3), May–June, 382–400 PART III COMPARATIVE ADVERTISING 14. Simon P. Anderson and Régis Renault (2009), ‘Comparative Advertising: Disclosing Horizontal Match Information’, RAND Journal of Economics, 40 (3), Autumn, 558–81 15. Francesca Barigozzi, Paolo G. Garella and Martin Peitz (2009), ‘With a Little Help from My Enemy: Comparative Advertising as a Signal of Quality’, Journal of Economics and Management Strategy, 18 (4), Winter, 1071–94 16. Winand Emons and Claude Fluet (2012), ‘Non-comparative versus Comparative Advertising of Quality’, International Journal of Industrial Organization, 30 (4), July, 352–60 PART IV INFORMATION OVERLOAD AND ADVERTISING CONGESTION 17. Timothy Van Zandt (2004), ‘Information Overload in a Network of Targeted Communication’, RAND Journal of Economics, 35 (3), Autumn, 542–60 18. Simon P. Anderson and André de Palma (2012), ‘Competition for Attention in the Information (overload) Age’, RAND Journal of Economics, 43 (1), Spring, 1–25 19. Simon P. Anderson and André de Palma (2013), ‘Shouting to Be Heard in Advertising’, Management Science, 59 (7), July, 1545–56 20. Justin P. Johnson (2013), ‘Targeted Advertising and Advertising Avoidance’, RAND Journal of Economics, 44 (1), Spring, 128–44 PART IV EMPIRICAL TESTING 21. Daniel A. Ackerberg (2001), ‘Empirically Distinguishing Informative and Prestige Effects of Advertising’, RAND Journal of Economics, 32 (2), Summer, 316–33 22. Daniel A. Ackerberg (2003), ‘Advertising, Learning, and Consumer Choice in Experience Good Markets: An Empirical Examination’, International Economic Review, 44 (3), August, 1007–40 23. Michelle Sovinsky Goeree (2008), ‘Limited Information and Advertising in the U.S. Personal Computer Industry’, Econometrica, 76 (5), September, 1017–74 24. Ignatius Horstmann and Glenn MacDonald (2003), ‘Is Advertising a Signal of Product Quality? Evidence from the Compact Disc Player Market, 1983–1992’, International Journal of Industrial Organization, 21 (3), March, 317–45 25. Bharat N. Anand and Ron Shachar (2011), ‘Advertising, the Matchmaker’, RAND Journal of Economics, 42 (2), Summer, 205–45 26. Jean-Pierre Dubé, Gunter J. Hitsch, and Puneet Manchanda (2005), ‘An Empirical Model of Advertising Dynamics’, Quantitative Marketing and Economics, 3 (2), June, 107–44 [38] 27. Gregory Lewis (2011), ‘Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors’, American Economic Review, 101 (4), June, 1535–46] 28. Simon P. Anderson, Federico Ciliberto and Jura Liaukonyte (2013), ‘Information Content of Advertising: Empirical Evidence from the OTC Analgesic Industry’, International Journal of Industrial Organization, 31 (5), September, 355–67 Index

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