Economic theory and philosophy Books

Book SynopsisBuilding on the success of the first edition, Game Theory and Public Policy, Second Edition provides a critical, selective review of key concepts in game theory with a view to their applications in public policy. The author further suggests modifications for some of the models (chiefly in cooperative game theory) to improve their applicability to economics and public policy.Roger McCain makes use of the analytical tools of game theory for the pragmatic purpose of identifying problems and exploring potential solutions, providing a toolkit for the analysis of public policy allowing for a clearer understanding of the public policy enterprise itself. His critical review of major topics from both cooperative and non-cooperative game theory includes less-known ideas and constructive proposals for new approaches. This revised edition features a new second half that focuses on biform games, combining cooperative and non-cooperative decisions in a simple and natural way to provide a working model of externalities that can be applied to issues such as monopoly policy and labor market policies.Drawing on comparatively well understood models in cooperative game theory and the author's own research on mathematical models of biform games, this unique approach and treatment of game theory, updated and expanded to stay on the cutting edge, will be a useful resource for students and scholars of economics and public policy, as well as for policymakers themselves.Trade ReviewAcclaim for the first edition:'[T]he McCain book is a thoughtful and thought-provoking survey of the post-war game theoretic literature. It is notable for its clear exposition, its willingness to acknowledge weaknesses and ambiguities of game theory, and its many illustrations. It would make an excellent text for students who have already learned a bit of game theory in earlier classes and who are open to broader issues than those covered in more mathematical and more elementary books. It is also good bedtime reading for academics who use a bit of game theory in their own work and for theorists who are interested in methodological issues associated with rational choice models.' --Roger D. Congleton, Public AdministrationTable of ContentsContents: Preface PART I HISTORICAL AND CRITICAL SURVEY 1. Objectives and scope of the book 2. Representing games 3. A brief interpretive history of game theory 4. Nash equilibrium and public policy 5. Correlated equilibrium 6. Noncooperative games in extensive form and public policy 7. Social mechanism design 8. Superadditive games in coalition function form 9. Recall, rationality and political economy PART II MIXED COOPERATIVE AND NONCOOPERATIVE DECISIONS: EXTENSIONS 10. Biform games and considerable solutions 11. The firm as a coalition 12. What coalitions will be formed? 13. Monopoly and monopsony revisited 14. Bargaining and the determination of wages 15. Bargaining power and majority rule References Index

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.Providing a critical overview of cultural economics, this Research Agenda explores the current state of affairs in the field, suggesting methods of improvement for the coherency and progressiveness of future research. Situating work in this area in its historical context, Samuel Cameron draws together a range of international contributors to explore the development of cultural economics.Undertaking a thorough examination of matters of data quality, statistical methodology and the challenge of new developments in technology, chapters examine the different approaches to cultural economics. The book explores the myriad ways in which the topic has been neglected by mainstream economics, and examines reasons why it needs to be considered, evaluated and explored in more detail in our modern world. Current researchers in cultural economics, as well as cultural policies and leisure studies will find this book an invaluable read in exploring different ways to integrate cultural economics into mainstream studies. This Research Agenda will also be an invaluable aid for advanced students to create discussions suitable for essay topics and dissertations. Contributors include: S. Cameron, C. Peukert, J. Snowball, H. Sonnabend, M. ZiebaTrade Review'Exemplary in their commitment to pushing the field into the future, Cameron and colleagues take on many of the elephants in the room for cultural economics: global digital monopolies, technological change, new business models, and social media. Brave, probing, exciting work.' --Stuart Cunningham, Queensland University of Technology, Australia'This seminal work finds no fixed boundaries in cultural economics. Professor Cameron and cohorts plumb the impact on the field of digital technology, integrating metrics with other disciplines, the limits of pricing models and global tourism. It is essential reading for all associated with this important and exciting field.' --Robert Ekelund, Auburn University, USTable of ContentsContents: 1. Why do we need a Cultural Economics? History and Development of the Field Samuel Cameron 2. Contemporary Challenges to Cultural Economics Samuel Cameron 3. Individual Choice Behaviour Samuel Cameron 4. Flexible digital supply behaviour Christian Peukert, 5. Pricing Hendrik Sonnabend, 6. Government policy Jen Snowball 7. Global trade in cultural tourism services Marta Zieba 8. What is the agenda for cultural economics? Samuel Cameron Index

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. In recent years, an explosive rise in computing power and the digitization of data has allowed researchers in new institutional economics (NIE) to investigate questions that could never before be systematically analysed. This book explores key issues for future research in the field, analysing both traditional areas of focus in NIE and more recent areas of interest. Consisting of 30 concise chapters written by top NIE scholars, this Research Agenda probes issues at the forefront of NIE, including government, contracts, property rights, norms, culture, and beliefs. Analysing rapid changes in technology and the environment, such as the rise of social media and the effects of climate change in agriculture, this book offers unique insights into key contemporary issues. Written in non-technical terms, this book will inform and inspire students and those starting their careers in economics, law and political science. NIE scholars will also find the book invaluable in updating their understanding of crucial research questions and seeking new areas to explore. Contributors: J.S. Ahlquist, J.E. Aldy, D.W. Allen, J. Bednar, J.C. Cardenas, P. Castaneda Dower, R. Fernandez, S. Gehlbach, R. Gil, M.A. Golden, C. Guerriero, S. Iyer, P. Keefer, K. Kosec, R. Kunneke, C. Long, R. Macchiavello, K.J. Mayer, C. Menard, T. Mogues, M.W. Moszoro, B. Mueller, S. Oh, D. Parker, J. Prufer, P. Prufer, M. Servatka, M.M. Shirley, E. Simison, F. Sobbrio, J. Teorell, T. Terpstra, M. Vatiero, S. Voigt, S. Wallsten, G. Zanarone, D. ZiblattTrade Review'This book is about the variety of institutions that govern economic life. It has stunning breadth: political institutions, regulatory institutions, the law and practice of contracts, property rights and more are discussed with intelligence and rigor. Whether your interest is in the history of institutions or current practice, whether in rich countries or poor, you will learn much from this book.' --Sam Peltzman, University of Chicago, Booth School of Business, US'This volume brings 30 chapters on a variety of topics, usefully examined from a transaction cost framework. As Coase argued, transaction costs move economic outcomes from the idealized simple to the more complex.' --Gary Libecap, University of California, Santa Barbara, National Bureau of Economic Research and Hoover Institution, Stanford University, USTable of ContentsContents: Introduction Claude Ménard and Mary M. Shirley Part I Government Institutions 1. Collective Action and Government: Still a Mystery Philip Keefer 2. What’s Next for the Study of Non-democracy? Scott Gehlbach 3. The Power and Limits of Federalism Emilia Simison and Daniel Ziblatt 4. Evaluating the Performance of Regulations and Regulatory Institutions, Joseph E. Aldy 5. Public Goods Provision in Developing Countries: A Research Agenda for New Institutional Economics Katrina Kosec and Tewodaj Mogues Part II Contracts and Organizations 6. A Mutually Beneficial Relationship: Relational Contracts in Developing Countries Rocco Macchiavello 7. Contracting in Innovative Industries Ricard Gil and Giorgio Zanarone 8. Interrelated technical and institutional coordination: The case of network infrastructures Rolf Künneke 9. Cognition and Governance: A Research Agenda for the New Institutional Economics Kyle J. Mayer 10. Tools and Approaches in Public Contracting Research Marian W. Moszoro 11. Transaction and Transactors’ Choices: What We Have Learned and What We Need To Explore Massimiliano Vatiero Part III Laws and Property Rights 12. Questions of Property Rights Dominic Parker 13. (Real) Behavior meets (Real) Institutions: Towards a research agenda on the Study of the Commons Juan Camilo Cardenas 14. Property Rights and Economic Development: Taking Stock, Looking Ahead, Carmine Guerriero 15. The China Experience: An Institutional Approach Cheryl Long Part IV Norms, Culture, and Beliefs 16. Internal Institutions: The Major Unknowns in Institutional Economics Stefan Voigt 17. The Coevolution of Institutions and Culture Bernardo Mueller 18. Modelling the Institutional Matrix: Norms, Culture, and Robust Design Jenna Bednar 19. Corruption and the New Institutional Economics Miriam A. Golden 20. Religion and Institutions Sriya Iyer Part V Institutions in a rapidly changing world 21. Family and Gender: Questions for the NIE Raquel Fernández 22. Research Frontiers in the Institutional Analysis of Work John S. Ahlquist 23. Challenges of Agricultural Organization to Growth and Climate Paul Castañeda Dower 24. Is Blockchain Hype, Revolutionary, or Both? What We Need to Know. Sarah Oh and Scott Wallsten 25. New Media, New Issues Francisco Sobbrio Part VI New Approaches and New Tools 26. Neo-Institutionalism in Ancient Economic History: The Road Ahead Taco Terpstra 27. Measuring Institutions: What We Do Not Know Jan Teorell 28. Data Science for Institutional and Organizational Economics Jens Prüfer and Patricia Prüfer 29. How Do Experiments Inform Collective Action Research? Maroš Servátka 30. Recognizing and Solving Institutional Puzzles Douglas W. Allen Index

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Book SynopsisGame theory explores situations in which agents interact strategically and provides a useful foundation for studying many traditional industrial organization topics. This approach has also enabled the emergence of new areas of enquiry including law and economics, networks, the digital economy, auctions, experimental game theory and many others.This second volume of the Handbook includes original contributions by experts in the field. It provides up-to-date surveys of the most relevant applications of game theory to industrial organization. The book covers both classical and industrial organization topics such as mergers in markets with homogeneous and differentiated goods, leniency and coordinated effects in cartels and mergers, static and dynamic contests, consumer search and product safety, strategic delegation, platforms and network effects, auctions, environmental and resource economics, intellectual property, healthcare, corruption, experimental industrial organization, and empirical models of research and development.Authoritative and engaging, this unique Handbook will be an indispensable resource for all serious academics, researchers and students of industrial economics and game theory.Contributors incude: S. Anderson, A. Barge-Gil, P. Belleflamme, J. Brandts, R. Burguet, L. Corchón, A. Daughety, N. Fabra, R. Fauli-Oller, J.-J. Ganuza, M.l. Gonzalez Maestre, A. Hernando-Veciana, M. Hoffmann, E. Huergo, M. Kopel, L. Lambertini, A. Lopez, M. Marini, C. Marvao, E. Maskin, J.G. Montalvo, L. Moreno, M. Motta, P. Olivella, M. Peitz, M. Pezzino, M. Polo, J. Potters, J. Reinganum, R. Renault, G. Rota Preziosi, J. Sandonis, M. Serena, G. SpagnoloTrade Review'The publication of this Handbook, bringing together game theory and industrial organization, is an occasion worth celebrating. . . . I am truly delighted that there is now a Handbook devoted to this transformative partnership.' --From the foreword by Eric Maskin'With these two volumes, Professors Corchon and Marini have provided an invaluable public good to our profession. Corchon and Marini have gathered leading scholars to present a broad and deep overview of the definitive impact that game theory had and still continues to have on the field of industrial organization over the recent years. Any serious researcher willing to take stock of advances in the field should certainly consider to study the material covered in these volumes, from the more fundamental issues in Volume 1 to the more applied topics presented in Volume 2.' --David Martimort, Paris School of Economics, FranceTable of ContentsContents: Foreword by Eric Maskin 1. Introduction Luis C. Corchón and Marco A. Marini PART I COLLUSION AND MERGERS 2. Horizontal mergers in oligopoly Ramon Faulí‐Oller and Joel Sandonis 3. Collusive agreements in vertically differentiated markets Marco A. Marini 4. Cartels and leniency: Taking stock of what we learnt Catarina Marvão and Giancarlo Spagnolo 5. Assessing coordinated effects in merger cases Natalia Fabra and Massimo Motta PART II CONTESTS 6. Contest theory Luis C. Corchón and Marco Serena 7. Endogenous timing in contests Magnus Hoffmann and Grégoire Rota‐Graziosi PART III SPECIAL TOPICS 8. Firm pricing with consumer search Simon P. Anderson and Régis Renault 9. Market structure, liability, and product safety Andrew F. Daughety and Jennifer Reinganum 10. Strategic delegation in oligopoly Michael Kopel and Mario Pezzino 11. Platforms and network effects Paul Belleflamme and Martin Peitz 12. Auctions Ángel Hernando-Veciana 13. Differential oligopoly games in environmental and resource economics Luca Lambertini 14. Intellectual property Miguel González‐Maestre 15. Healthcare and health insurance markets Pau Olivella 16. The microeconomics of corruption Roberto Burguet, Juan-José Ganuza and José G. Montalvo PART IV EXPERIMENTAL AND EMPIRICAL EVIDENCE 17. Experimental industrial organization Jordi Brandts and Jan Potters 18. Empirical models of firms’ R&D Andrés Barge-Gil, Elena Huergo, Alberto López and Lourdes Moreno Index

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.Presenting state-of-the-art reviews on classical and novel research fields in economic psychology, this Research Agenda studies the fundamentals, perceptions and understanding of economic phenomena and behaviour. Internationally renowned experts as well as the next generation of researchers summarize the field and outline promising avenues of future research. Research topics are addressed from an interdisciplinary perspective, providing a broad spectrum of thought on economic psychology. Exploring important gaps in research, chapters include theoretical as well as applied themes and cover novel research fields, to keep the reader abreast of contemporary developments. These include the psychology of money, product design, financial capabilities, sustainable consumption, diet, ethical conduct, gender inequality, the sharing economy, basic income, happiness, and tax psychology. Researchers and advanced students of economics and psychology looking to update their knowledge and refresh their thinking on future research will greatly benefit from this timely book.Contributors include: S. Asbach, J.M. Bauer, J. Bosak, S. Diefenbach, K. Gangl, A. Gasiorowska, B. Hartl, M. Hassenzahl, D. Hilton, E. Hofmann, J. Khan, E. Kirchler, C. Kulich, C. Loibl, T.L. Milfont, K. Patel, L.A. Reisch, G. Rivers, D. Schwartz, M. Sommer, D. Stimmler, O. Stravrova, C. Tanner, I. VlaevTrade Review'This book presents a highly interesting collection of economic-psychological contributions on important contemporary topics in society. What makes this book outstanding is that it combines an applied, problem-oriented perspective (e.g., on indebtedness, gender inequality, tax evasion) with up-to-date reviews and stimulating ideas for research. It incorporates many current developments (e.g., digital transformation, sharing economy) and debates (e.g., corporate responsibility, basic income), and therefore provides a valuable overview on current economic psychology.' --Erik Hölzl, University of Cologne, Germany'The chapters are succinct, offering straightforward and accessible reviews of research areas in economic psychology. Some of the topics are familiar ones including chapters on money, debt, tax, wealth and happiness, while others are more novel such as those which cover the influence of digital technology on product design and the 'Sharing Economy'. This is a book which mainly deals with applying Psychology to economic behaviour, which it succeeds in doing. This applied focus includes providing policy advice about changing behaviour in order to encourage healthier eating habits and the more efficient management of household finances.' --Alan Lewis, University of Bath, UKTable of ContentsContents: 1. Economic psychology: Selected contributions to an emerging discipline Katharina Gangl and Erich Kirchler 2. Lay people’s and children’s theories of money Agata Gasiorowska 3. Improving financial capability Krishane Patel and Ivo Vlaev 4. Role of ‘owned’ money and rational spending Jashim Khan and Gary Rivers 5. Debts and over-indebtedness of private households Cäzilia Loibl 6. Psychology in product design Sarah Diefenbach and Marc Hassenzahl 7. The interplay between intrinsic motivation, financial incentives and nudges in sustainable consumption Daniel Schwartz, Taciano L. Milfont and Denis Hilton 8. Behavioural mechanisms and (un)healthy dietary choices: A research agenda for better evidence Jan M. Bauer and Lucia A. Reisch 9. Preventing wrongdoing and promoting ethical conduct: A regulatory focus approach to corporate ethical culture Diana Stimmler and Carmen Tanner 10. The persistence of gender inequality in the workplace: Still a long way to go? Clara Kulich and Janine Bosak 11. Sharing economy Barbara Hartl and Eva Hofmann 12. Basic income: Insights from social experiments and simulations Maximillian Sommer 13. Status quo and future research avenues of tax psychology Katharina Gangl 14. Happiness and economic prosperity Olga Stravrova and Simon Asbach Index

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Book SynopsisThis incisive review analyses the most influential academic research in a burgeoning subject - the economics of music. The literature stems from both mainstream economics journals as well as pertinent works from accountancy, sociology and management sources. Topics discussed include live music, music production, labour markets and ownership and music competitions. This review provides a valuable resource for students and economists involved in this fascinating field, as well as those seeking to enter it.Table of ContentsContents: Acknowledgements Introduction Samuel Cameron PART I HIT MUSIC 1. Storm Gloor (2011), ‘Just How Long Is Your “Fifteen Minutes”? An Empirical Analysis of Artists’ Time on the Popular Charts’, Journal of the Music and Entertainment Industry Educators Association, 11 (1), 61–82 2. David E. Giles (2007), ’Survival of the Hippest: Life at the Top of the Hot 100’, Applied Economics, 39 (15), 1877–87 3. Ken Hendricks and Alan Sorensen (2009), ‘Information and the Skewness of Music Sales’, Journal of Political Economy, 117 (2), April, 324–69 4. Caroline Elliott and Rob Simmons (2011), ‘Factors Determining UK Album Success’, Applied Economics, 43 (30), 4699–705 5. W. Mark Crain and Robert D. Tollison (1997), ‘Economics and the Architecture of Popular Music’, Journal of Economic Behavior and Organization, 32 (2), February, 185–205 6. William A. Hamlen, Jr. (1994), ‘Variety and Superstardom in Popular Music’, Economic Inquiry, XXXII (3), July, 395–406 PART II LIVE MUSIC 7. Robert B. Ekelund, Jr. and Shawn Ritenour (1999), ‘An Exploration of the Beckerian Theory of Time Costs: Symphony Concert Demand’, American Journal of Economics and Sociology, 58 (4), October, 887–99 8. Peter E. Earl (2001), ‘Simon’s Travel Theorem and the Demand for Live Music’, Journal of Economic Psychology, 22 (3), June, 335–58 9. Nancy Bertaux, Kaleel Skeirik and David Yi (2015), ‘Art Music and the Economy: The Modernity Index and the Cincinnati Symphony Orchestra, 1895 to 2013’, International Journal of Economics and Business Research, 9 (4), 376–92 10. Bruno S. Frey (1994), ‘The Economics of Music Festivals’, Journal of Cultural Economics, 18 (1), March, 29–39 11. Grant C. Black, Mark A. Fox and Paul Kochanowski (2007), ‘Concert Tour Success in North America: An Examination of the Top 100 Tours from 1997 to 2005’, Popular Music and Society: Record Charts, 30 (2), May, 149–72 PART III DEMAND FOR MUSIC 12. Stan J. Liebowitz (2016), ‘How Much of the Decline in Sound Recording Sales is Due to File-Sharing?’, Journal of Cultural Economics: Economics of Music, 40 (1), February, 13–28 13. Wilfred Dolfsma (1999), ‘The Consumption of Music and the Expression of VALUES: A Social Economic Explanation for the Advent of Pop Music’, American Journal of Economics and Sociology, 58 (4), October, 1019–46 14. Ercilia García-Álvarez, Tally Katz-Gerro and Jordi López-Sintas (2007), ‘Deconstructing Cultural Omnivorousness 1982–2002: Heterology in Americans’ Musical Preferences’, Social Forces, 86 (2), December, 417–43 PART IV PRODUCTION OF MUSIC 15. William J. Baumol and Hilda Baumol (1994), ‘On The Economics of Musical Composition in Mozart’s Vienna’, Journal of Cultural Economics, 18 (3), September, 171–98 16. F. M. Scherer (2001), ‘The Evolution of Free-Lance Music Composition, 1650–1900’, Journal of Cultural Economics, 25 (4), November, 307–19 17. Karol Jan Borowiecki and Georgios Kavetsos (2015), ‘In Fatal Pursuit of Immortal Fame: Peer Competition and Early Mortality of Music Composers’, Social Science and Medicine, 134, June, 30–42 18. Mark Marotto, Johan Roos and Bart Victor (2007), ‘Collective Virtuosity in Organizations: A Study of Peak Performance in an Orchestra’, Journal of Management Studies, 44 (3), May, 388–413 19. Samuel Cameron and Alan Collins (1997), ‘Transaction Costs and Partnerships: The Case of Rock Bands’, Journal of Economic Behavior and Organization, 32 (2), February, 171–83 20. Cédric Ceulemans, Victor Ginsburgh and Patrick Legros (2011), ‘Rock and Roll Bands, (In)complete Contracts, and Creativity’, American Economic Review: Papers and Proceedings, 101 (3), May, 217–21 21. David Hesmondhalgh (1998), ‘The British Dance Music Industry: A Case Study of Independent Cultural Production’, British Journal of Sociology, 49 (2), June, 234–51 PART V PRICE OF MUSIC RELATED GOODS 22. Kathryn Graddy and Philip E. Margolis (2011), ‘Fiddling with Value: Violins as an Investment?’, Economic Inquiry, 49 (4), October, 1083–97 23. Patrick Georges and Aylin Seçkin (2013), ‘Black Notes and White Noise: A Hedonic Approach to Auction Prices of Classical Music Manuscripts’, Journal of Cultural Economics, 37 (1), February, 33–60 24. Dennis Halcoussis and Timothy Mathews (2007), ‘eBay Auctions for Third Eye Blind Concert Tickets’, Journal of Cultural Economics, 31 (1), March, 65–78 25. Samuel Cameron (2008), ‘E-Baying for Blood?: Noncompetitive Flexible Pricing in Entertainment Ticketing – Some Demand Side Evidence’, Applied Economics, 40 (10), 1315–22 26. Samuel Cameron and Mike Reynolds (2015), ‘The Value of Collecting a Particular Musical Artist: The Case of MiniDiscs’, Briefing Notes in Economics, 91, September, 1–9 PART VI LABOUR MARKETS AND OWNERSHIP 27. Claudia Goldin and Cecilia Rouse (2000), ‘Orchestrating Impartiality: The Impact of “Blind” Auditions on Female Musicians’, American Economic Review, 90 (4), September, 715–41 28. Sam Cameron (2003), ‘The Political Economy of Gender Disparity in Musical Markets’, Cambridge Journal of Economics, 27 (6), November, 905–17 29. Jack Bishop (2005), ‘Building International Empires of Sound: Concentrations of Power and Property in the “Global” Music Market’, Popular Music and Society, 28 (4), October, 443–71 30. Ram D. Gopal, Sudip Bhattacharjee and G. Lawrence Sanders (2006), ‘Do Artists Benefit from Online Music Sharing?’, Journal of Business, 79 (3), May, 1503–33 31. Juan de Dios Montoro Pons and Manuel Cuadrado García (2008), ‘Legal Origin and Intellectual Property Rights: An Empirical Study in the Prerecorded Music Sector’, European Journal of Law and Economics, 26 (2), October, 153–73 32. Samuel Cameron (2006), ‘Rock, Pop and Judicial Efficiency: Economic Considerations in the Spandau Ballet Decisions’, Journal of Interdisciplinary Economics, 17 (3), April, 327–44 33. Maya Bacache-Beauvallet, Marc Bourreau and François Moreau (2016), ‘Information Asymmetry and 360-Degree Contracts in the Recorded Music Industry’, Revue d’Économie Industrielle – Journal of Industrial Economics, 156 (4e trimester – 4th quarter), 57–90 34. Kieran James and Christopher Tolliday (2009), ‘Structural Change in the Music Industry: A Marxist Critique of Public Statements Made by Members of Metallica during the Lawsuit against Napster’, International Journal of Critical Accounting, 1 (1–2), 144–76 PART VII COMPETITIONS 35. Herbert Glejser and Bruno Heyndels (2001), ‘Efficiency and Inefficiency in the Ranking in Competitions: The Case of the Queen Elisabeth Music Contest’, Journal of Cultural Economics, 25 (2), May, 109–29 36. Victor A. Ginsburgh and Jan C. van Ours (2003), ‘Expert Opinion and Compensation: Evidence from a Musical Competition’, American Economic Review, 93 (1), March, 289–96 37. J. Atsu Amegashie (2009), ‘American Idol: Should it be a Singing Contest or a Popularity Contest?’, Journal of Cultural Economics, 33 (4), November, 265–77 38. Luc Champarnaud (2014), ‘Prices for Superstars Can Flatten Out’, Journal of Cultural Economics, 38 (4), November, 369–84 Index

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Book SynopsisEconomic democracy is essential for creating a truly democratic political sphere. This engaging book uses Marxist theory to hypothesise that capitalism is not a democratic system, and that a modern socialist system of producer cooperatives and democratically managed enterprises is urgently needed. A New Model of Socialism focuses on the current crisis of the political Left, a result of the collapse of the Soviet model of society and the decline of statism and kingship. Bruno Jossa expands on existing theories to explore Marx?s notions on economic democracy in a modern setting. He advocates a move away from the centralised planning form of economic socialism towards a self-management system for firms that does not prioritise the interests of one class over another, in order to achieve greater economic democracy. It is argued that the establishment of such a system of democratic firms is the precondition for reducing intervention in the economy, thus enabling the State to perform its ultimate function of serving the public interest. This timely book is ideal for advanced scholars of Marxist, radical and heterodox economic theory, as well as academics with an interest in the rise of socialism in our modern world. Indeed, it will also be of value to all those seeking a viable and practical alternative to existing capitalist and socialist thinking.Trade Review'A well researched and well argued book that presents a refined analysis of some difficult issues on socialism and industrial democracy. By taking advantage of the research developed by various important economists on the labour-managed firms, and revising Marxism in the light of this literature, Bruno Jossa offers us a reasonable and appealing proposal about how to construct a post-capitalist society capable of rescuing contemporary societies from the stranglehold of globalized capitalism.' --Ernesto Screpanti, University of Siena, Italy'Deeply suggestive and intellectually challenging, Jossa's book proposes the market socialism model as a viable solution to the shortcomings of present day global capitalism. From the premise that socialism can be established by peaceful means and with non centralized planning, the author shows how by democratizing the economic sphere by means of a system of labour-managed enterprises, it is possible to enhance a vibrant political democracy. Jossa's arguments are powerful and should interest anybody seriously involved in the wealth and health of nations.' --Stefano Zamagni, University of Bologna and Johns Hopkins University, ItalyTable of ContentsContents: 1. Production Modes, Marx’s Method and the Feasible Revolution 2. The Coopererative Firm as an Alternative to the Capital-owned Business Enterprise 3. A Few Advantages of Economic Democracy 4. Marx, Marxism and the Cooperative Movement 5. Recent Criticisms of the Labour Theory off Value: The Democratic Firm and Marxism 6. Further Reflections on Links between Marxism and Producer Cooperatives 7. Some Critics of Labour Management 8. The Labour-managed Firm and Socialism 9. The Evolution of Socialism from Utopia to Scientific Producer Cooperative Economics 10. The Democratic Firm in the Estimation of Intellectuals 11. An Involuntary Antagonist of History and Progress Index

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Book SynopsisThis essential research review carefully analyses some of the most influential papers focusing on the relationship between economic and political institutions and economic development. Economic institutions shape economic incentives, such the incentives to become educated, to save and invest, to innovate and to adopt new technologies. Although economic institutions are critical for determining whether a country is poor or prosperous, it is politics and political institutions that determine which economic institutions are present in a country. This review explores these critical relationships and the causes of economic growth, whilst bringing forth the legal, colonial and financial factors, which contribute to economic discrepancies across countries. The text will be a valuable tool for economic researchers and scholars interested in this important subject. Table of ContentsContents Volume I Acknowledgements vii Introduction Jakob de Haan ix 1. Daron Acemoglu and Simon Johnson (2005), ‘Unbundling Institutions’, Journal of Political Economy, 113 (5), October, 949–95 1 2. Daron Acemoglu, Simon Johnson and James A. Robinson (2001), ‘The Colonial Origins of Comparative Development: An Empirical Investigation’, American Economic Review, 91 (5), December, 1369–401 48 3. Daron Acemoglu, Simon Johnson and James A. Robinson (2002), ‘Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution’, Quarterly Journal of Economics, 117 (4), November, 1231–94 81 4. Daron Acemoglu, Simon Johnson and James A. Robinson (2005), ‘Institutions as a Fundamental Cause of Long-Run Growth’, in Philippe Aghion and Steven N. Durlauf (eds) Handbook of Economic Growth, Chapter 6, Volume 1, Part A, Amsterdam, the Netherlands: Elsevier, 385–472 145 5. Daron Acemoglu, Simon Johnson and James Robinson (2005), ‘The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth’, American Economic Review, 95 (3), June, 546–79 233 6. Daron Acemoglu, Simon Johnson and James A. Robinson (2012) ‘The Colonial Origins of Comparative Development: An Empirical Investigation: Reply’, American Economic Review, 102 (6), October, 3077–110 267 7. Daron Acemoglu, Suresh Naidu, Pascual Restrepo and James A. Robinson (2019), ‘Democracy Does Cause Growth’, Journal of Political Economy, 127 (1), January, 47–100 301 8. Raphael A. Auer (2013), ‘Geography, Institutions, and the Making of Comparative Development’, Journal of Economic Growth, 18 (2), January, 179–215 355 9. Robert J. Barro (1996), ‘Democracy and Growth’, Journal of Economic Growth, 1 (1), March, 1–27 392 10. Sjoerd Beugelsdijk (2006), ‘A Note on the Theory and Measurement of Trust in Explaining Differences in Economic Growth’, Cambridge Journal of Economics, 30 (3), May, 371–87 419 11. Christian Bjørnskov and Pierre-Guillaume Méon (2013), ‘Is Trust the Missing Root of Institutions, Education, and Development?’, Public Choice, 157 (3–4), December, 641–69 436 12. Maarten Bosker and Harry Garretsen (2009), ‘Economic Development and the Geography of Institutions’, Journal of Economic Geography, 9 (3), May, 295–328 465 13. Kai Carstensen and Erich Gundlach (2006), ‘The Primacy of Institutions Reconsidered: Direct Income Effects of Malaria Prevalence’, World Bank Economic Review , 20 (3), January, 309–39 499 14. Stijn Claessens and Luc Laeven (2003), ‘Financial Development, Property Rights, and Growth’, Journal of Finance , 58 (6), December, 2401–36 530 15. Christopher Clague, Philip Keefer, Stephen Knack and Mancur Olson (1996), ‘Property and Contract Rights in Autocracies and Democracies’, Journal of Economic Growth , 1 (2), June, 243–76 566 16. Jakob De Haan, Susanna Lundström and Jan-Egbert Sturm (2006), ‘Market- Oriented Institutions and Policies and Economic Growth: A Critical Survey’, Journal of Economic Surveys , 20 (2), March, 157–91 600 17. Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2003), ‘The New Comparative Economics’, Journal of Comparative Economics , 31 (4), December, 595–619 635 18. Hristos Doucouliagos and Mehmet Ali Ulubaşoğlu (2008), ‘Democracy and Economic Growth: A Meta-Analysis’, American Journal of Political Science , 52 (1), January, 61–83 660 19. David Dollar and Aart Kraay (2003), ‘Institutions, Trade, and Growth’, Journal of Monetary Economics , 50 (1), January, 133–62 683 20. William Easterly and Ross Levine (2003), ‘Tropics, Germs, and Crops: How Endowments Influence Economic Development’, Journal of Monetary Economics , 50 (1), January, 3–39 713 Volume II Acknowledgements vii Introduction An introduction to both volumes by the editor appears in Volume I 1. William Easterly and Ross Levine (2016), ‘The European Origins of Economic Development’, Journal of Economic Growth, 21 (3), September, 225–57 1 2. Stanley L. Engerman and Kenneth L. Sokoloff (1997), ‘Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies’, in Stephen Haber (ed.), How Latin America Fell Behind, Stanford, CA: Stanford University Press, 260–304 34 3. Theo S. Eicher and Andreas Leukert (2009), ‘Institutions and Economic Performance: Endogeneity and Parameter Heterogeneity’, Journal of Money, Credit and Banking, 41 (1), February, 197–219 79 4. Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2004), ‘Do Institutions Cause Growth?’, Journal of Economic Growth, 9 (3), September, 271–303 102 5. Erich Gundlach and Martin Paldam (2009), ‘A Farewell to Critical Junctures: Sorting out Long-Run Causality of Income and Democracy’, European Journal of Political Economy, 25 (3), September, 340–54 135 6. James D. Gwartney, Robert A. Lawson and Randall G. Holcombe (1999), ‘Economic Freedom and the Environment for Economic Growth’, Journal of Institutional and Theoretical Economics, 155 (4), December, 643–63 150 7. Robert E. Hall and Charles I. Jones (1999), ‘Why Do Some Countries Produce So Much More Output Per Worker Than Others?’, Quarterly Journal of Economics, 114 (1), February, 83–116 171 8. Jonathan K. Hanson (2013), ‘Growth Paradigms and Congruent Institutions: Estimating Context-Varying Effects of Political Institutions on Economic Performance’, Political Science Research and Methods, 1 (2), December, 239–62 205 9. Ricardo Hausmann, Lant Pritchett and Dani Rodrik (2005), ‘Growth Accelerations’, Journal of Economic Growth, 10 (4), December, 303–29 229 10. Staff of the International Monetary Fund (2003), ‘Growth and Institutions’, in (eds) World Economic Outlook, Chapter III, Washington, DC, United States: International Monetary Fund, 95–128 256 11. Richard Jong-A-Pin and Jakob De Haan (2011), ‘Political Regime Change, Economic Liberalization and Growth Accelerations’, Public Choice, 146 (1–2), January, 93–115 290 12. Stephen Knack and Philip Keefer (1995), ‘Institutions and Economic Performance: Cross-Country Tests Using Alternative Institutional Measures’, Economics and Politics, 7 (3), November, 207–27 313 13. Carl Henrik Knutsen (2012), ‘Democracy and Economic Growth: A Survey of Arguments and Results’, International Area Studies Review , 15 (4), December, 393–415 334 14. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert W. Vishny (1998), ‘Law and Finance’, Journal of Political Economy, 106 (6), December, 1113–55 357 15. Rafael La Porta, Florencio Lopez-de-Silanes, Andrei Shleifer and Robert Vishny (1999), ‘The Quality of Government’, Journal of Law, Economics, and Organisation , 15 (1), March, 222–79 400 16. Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer (2008), ‘The Economic Consequences of Legal Origins’, Journal of Economic Literature , 46 (2), June, 285–332 458 17. Robbert Maseland (2013), ‘Parasitical Cultures? The Cultural Origins of Institutions and Development’, Journal of Economic Growth , 18 (2), April, 109–36 506 18. Mancur Olson Jr., Naveen Sarna and Anand V. Swamy (2000), ‘Governance and Growth: A Simple Hypothesis Explaining Cross-Country Differences in Productivity Growth’, Public Choice , 102 (3–4), March, 341–64 534 19. Torsten Persson and Guido Tabellini (2009), ‘Democratic Capital: The Nexus of Political and Economic Change’, American Economic Journal: Macroeconomics , 1 (2), July, 88–126 558 20. Dani Rodrik (1999), ‘Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses’, Journal of Economic Growth , 4 (4), December, 385–412 597 21. Dani Rodrik (2000), ‘Institutions for High-Quality Growth: What They Are and How to Acquire Them’, Studies in Comparative International Development , 35 (3), September, 3–31 625 22. Dani Rodrik, Arvind Subramanian and Francesco Trebbi (2004), ‘Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development’, Journal of Economic Growth , 9 (2), June, 131–65 654 23. Jeffrey D. Sachs (2003), ‘Institutions Don’t Rule: Direct Effects of Geography on Per Capita Income’, NBER Working Paper No. 9490 , February, 1–12 689 24. Rok Spruk (2016), ‘Institutional Transformation and the Origins of World Income Distribution’, Journal of Comparative Economics , 44 (4), November, 936–60 701 25. Guido Tabellini (2010), ‘Culture and Institutions: Economic Development in the Regions of Europe’, Journal of the European Economic Association , 8 (4), June, 677–716 726 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 SynopsisThis topical and engaging Handbook brings together cutting edge research on the relationship between happiness and the natural environment. With interdisciplinary contributions from top scholars, it explores the role of happiness research as a new approach to environmental social science, illustrating the critical links between human wellbeing, happiness and the environment. Addressing key environmental issues that impact happiness, the book examines: climate change and extreme weather events, air pollution, noise, odour, access to green space, and the importance of green lifestyles. This wide range of environmental concerns is analysed through the lens of differing cultural backgrounds, exploring the importance of different forms of human interaction with the environment globally, as well as its effects. Environmental economics and sociology scholars will find the key case studies discussed particularly useful in assessing different cultural, political and regional approaches to the topic. It will also be an interesting read for policy-makers looking to better understand how the environment affects human happiness and wellbeing. Contributors include: M. Ahmadiani, M. Berlemann, F. Brereton, L. Bruni, X. Chen, C.A. Coral-Guerrero, S. Ferreira, H. Folmer, B.S. Frey, D. Fujiwara, F. García-Quero, I. Gramatki, J. Guardiola, P. Howley, B.A. Jones, K. Kagohashi, S. Kant, K. Keohane, C. Krekel, K. Laffan, R. Lawton, A. Levinson, G. MacKerron, D. Maddison, S. Managi, M. Moro, S. Mourato, A. Oswald, J. Regner, K. Rehdanz, H. Ren, T. Ruckelshauß, J. Tang, T. Tsurumi, J. Tutt, R. Veenhoven, I. Vertinsky, H. Welsch, X. Zhang, X. Zhang, B. ZhengTrade Review'This exciting Handbook brings together leading authors investigating the state-of-the-art in behaviour economics, when they are concerned with SWB, when SWB is modelled as an explicit function of environmental goods and services. This Handbook is one of the most efficient pathways towards the understanding of the underpinnings and contribution of ''Happiness Economics'' in understanding the ''socio-economic value'' of Environmental and Resources Economics, and identification of the challenges that lie ahead.' --Phoebe Koundouri, Athens University of Economics and Business, and President-Elect, European Association of Environmental and Resource Economists, Greece'A complete analysis of well-being has to address both its individual and contextual determinants. This volume brings together a much-needed collection of contributions addressing many aspects of climate and the environment. Together they will help researchers to move to a truly global measure of individual, societal and indeed global well-being.' --Andrew Clark, Paris School of Economics, France'The Handbook on Wellbeing, Happiness and the Environment is an intriguing collection of papers that discuss and utilize measurements of household happiness. Happiness is not closely correlated with income across countries, but happiness is associated with better environments that have more green space, less pollution, less noise, and Mediterranean climates.' --Robert Mendelsohn, Yale University, USTable of ContentsContents: Foreword by Andrew Oswald ix Introduction to the Handbook on Wellbeing, Happiness and the Environment 1 David Maddison, Katrin Rehdanz and Heinz Welsch PART I SOCIAL SCIENCES, HAPPINESS AND THE ENVIRONMENT 1 Economics, wellbeing and happiness: a historical perspective 13 Luigino Bruni 2 World Database of Happiness: a ‘findings archive’ 25 Ruut Veenhoven 3 Spatial variation in life satisfaction: a happiness puzzle 46 Mona Ahmadiani, Finbarr Brereton, Susana Ferreira and Mirko Moro 4 Happiness and environmental economics 71 Heinz Welsch 5 Subjective wellbeing as valuation system of environmental quality: an environmental social sciences approach 85 Jianjun Tang, Honghao Ren and Henk Folmer PART II CASE STUDIES ON HAPPINESS AND THE ENVIRONMENT 6 Cross-country variations in subjective wellbeing explained by the climate 105 David Maddison and Katrin Rehdanz 7 Natural disasters and self-reported wellbeing: empirical evidence for rainfall extremes in the United Kingdom 127 Michael Berlemann, Judith Regner and Jascha Tutt 8 Happiness and forest-attacking invasive alien species 144 Benjamin A. Jones 9 Happiness and air pollution 164 Arik Levinson 10 The effects of exposure to air pollution on subjective wellbeing in China 183 Xin Zhang, Xi Chen and Xiaobo Zhang 11 Noise and subjective wellbeing 201 Daniel Fujiwara and Ricky N. Lawton 12 Measuring the wellbeing and health impacts of sewage odour 225 Daniel Fujiwara, Iulian Gramatki and Kieran Keohane 13 The effect of green areas on life satisfaction: a comparison of subjective and objective measures 245 Teresa Ruckelshau. 14 Mappiness: natural environments and in-the-moment happiness 266 George MacKerron and Susana Mourato 15 Legacy effects and individual heterogeneity in the relationship between health and wellbeing 283 Peter Howley 16 Valuing energy infrastructure externalities using wellbeing and hedonic price data: the case of wind turbines 297 Christian Krekel 17 Happiness and energy supply 318 Heinz Welsch 18 Green with satisfaction: the relationship between pro-environmental behaviours and subjective wellbeing 329 Kate Laffan 19 Happiness and green lifestyle 349 Heinz Welsch 20 How environmental ethics affect the consumption–wellbeing relationship: evidence from Japan 367 Tetsuya Tsurumi, Kazuki Kagohashi and Shunsuke Managi 21 An empirical assessment of the indigenous Sumak Kawsay (living well): the importance of nature and relationships 385 Carmen Amelia Coral-Guerrero, Jorge Guardiola and Fernando Garc.a-Quero 22 Mother Earth and household welfare functions of First Nations peoples of Canada 399 Shashi Kant, Ilan Vertinsky and Bin Zheng PART III CONCLUSION 23 Happiness in retrospect and prospect 422 Bruno S. Frey Index 431

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Book SynopsisThrough original and incisive contributions from leading scholars, this book applies economics and other rational choice methods to understanding public international law, providing a birds-eye view on some of its most fundamental elements from the perspective of economics.The chapters cover a range of topics, beginning with the building blocks of the nation state, and continuing with the sources and the enforcement of international law and its various applications and extensions. The application of economic analysis to public international law is still in its formative stages, and Economic Analysis of International Law provides a useful overview, as well as setting directions for new research.This volume provides a path through recent literature while identifying new areas and issues for research, making it an invaluable resource for scholars of public international law.Contributors include: A. Bell, T. Broude, B.L. Coggins, T. Ginsburg, A. Guzman, I. Kala, E. Kontorovich, J.D. Morrow, F. Parisi, D. Pi, E. Spolaore, P.B. Stephan, A. van AakenTrade ReviewInternational law grows more and more important as a way for countries to cooperate to solve pressing global problems. The innovative essays in this volume, by some of the leading experts in the field, illuminate the dynamics and uses of international law, showing the way forward for government officials, scholars, and students.' --Joel P. Trachtman, The Fletcher School of Law and Diplomacy, Tufts University'International law is a latecomer to law and economics, but if this volume is any indication, it has quickly caught up with the competition. The authors provide state-of-the-art overviews of numerous aspects of international law. Their insights will help lay the foundations for work in years to come.' --Eric Posner, University of Chicago Law SchoolTable of ContentsContents: PART I THE BUILDING BLOCKS OF INTERNATIONAL ORDER The Economics of International Law: An Introduction Eugene Kontorovich and Francesco Parisi 1. The Economics of Political Borders Enrico Spolaore 2. The Economics of State Emergence and Collapse Bridget L. Coggins with Ishita Kala 3. Economic Analysis of Territorial Sovereignty Abraham Bell PART II SOURCES OF LAW 4. The Economic Analysis of International Treaty Law Francesco Parisi and Daniel Pi 5. Soft Law Andrew T. Guzman and Timothy Meyer 6. The Emergence and Evolution of Customary International Law Francesco Parisi and Daniel Pi PART III ENFORCEMENT 7. Treaty Enforcement Paul B. Stephan 8. The Interaction Between Domestic and International Law Tom Ginsburg PART IV APPLICATIONS AND EXTENSIONS 9. Atrocity, Policy, and the Laws of War: What does Political Science have to say to Law? James D. Morrow 10. Behavioral Economic Analysis of International Law Anne van Aaken and Tomer Broude Index

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Book SynopsisThis timely book is devoted to the advance of post-Keynesian economics, covering the last ten years of persistent and nuanced disparities in many dimensions of macroeconomic 'reality'. Taking a pluralistic approach to modern Keynesian economics, the book presents innovative contributions to methodology, analyses of financialization and macroeconomic modeling. It explores how to model a complex macro-system at a time when economic uncertainty is dominant. Rich case studies examine increasing macroeconomic imbalances, paving the way for a better understanding of the political challenges of the future. With chapters dedicated to teaching macroeconomics, the book adopts a practical stance, exploring the notion of moving away from mathematical modeling towards problem-based learning. Provocative and comprehensive, this book is crucial reading for all macroeconomists, from academic researchers to ministerial officials, seeking guidance on dealing with macroeconomic 'reality'. Postgraduate students of heterodox economics and political economy will also benefit from the innovative contributions of top post-Keynesian scholars, offering an alternative understanding of contemporary macroeconomic theory. Trade Review'Progressive Post-Keynesian Economics exemplifies beautifully the badly needed approach to economic theory and policy, which starts from real-life economic problems and is open to genuine dialogue with other approaches and social sciences. Discussing many key aspects of post-Keynesian theory, policy and teaching in an open-minded and realist manner, this book provides solid building blocks for a 21st century political economy that integrates insights and draws conceptions from a diversity of approaches. The era of one-sided abstract mathematical modelling that is detached from reality yet often functions as free-market ideology is over. Highly recommended!' --Heikki Patomäki, University of Helsinki, FinlandTable of ContentsContents: Introduction 1. Opportunities and Challenges for Post-Keynesian Economics? Sheila Dow 2. Challenges for Post-Keynesian macroeconomics: a behavioural and structuralist perspective Peter Skott 3. The Microfoundation and Autonomous Agents: G.L.S. Shackle as a front-runner to Progressive Post-Keynesian Economics Greg Hill 4. Ergodicity/Non-ergodicity or else? Finn Olesen 5. Schumpeter and Keynes after the Financial Crisis: Progressive Post-Keynesian opportunities? Stefan Voss 6. Financialisation and the dysfunctional nature of the financial system Malcolm Sawyer 7. Recognition of early financialisation in the writings of John Maynard Keynes Diego Guevara, Apostolos Fasianos and Christos Pierros 8. Central Bank Independency and the Idea of Money Neutrality: Re-considering the theoretical link Ulas Sener 9. A Post-Keynesian model of the balance of payments crisis Hamid Raza, Mikael Randrup Byrialsen, Bjorn Runar Gudmundsson and Gylfi Zoega 10. Stagnation policy in the Eurozone and Post-Keynesian economic policy alternatives Eckhard Hein 11. Problem-Based Learning and Mainstream Economics: Post-Keynesian Economics to the rescue? Jan Holm Ingemann and Poul Thøis Madsen 12. Teaching macroeconomics: how to benefit from Problem-Based Learning Mogens Ove Madsen and Finn Olesen 13. Do not blindly trust economists Mogens Lykketoft Index

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Book SynopsisCultural economics deals with many aspects of the creative economy including the art market, heritage, live performing arts and cultural industries. Teaching Cultural Economics introduces the range and scope of these subjects through short chapters by experienced teachers who are expert in the topic of their chapters. The guide starts out with chapters on the experience of teaching cultural economics by leading exponents in the field. Chapters then follow grouped by general topic: financing cultural production, artists' labour markets, consumer behaviour in the cultural sector, digitisation and copyright and case studies of creative industries. The breadth of material provided within these pages is invaluable to teachers who wish to offer courses in cultural economics and are seeking guidance for developing a new course, as well as for teachers who are already teaching cultural economics and are seeking inspiration for new case studies. The material can also be used by teachers of other courses who wish to teach cultural economics as part of their curriculum. Contributors include: V. Ateca-Amestoy, H. Bakhshi, A. Baldin, F. Benhamou, T. Bille, E. Bjørnsen, R. Buijze, S. Cameron, L. Champarnaud, D.C. Chisholm, M.J. del Barrio-Tellado, L. Delomeaux, J. Denis, P. Di Caro, L. Di Gaetano, J. Farchy, K. Goto, C. Handke, S.J.C. Hemels, L.C. Herrero- Prieto, P. Kaszynska, E. Lazzaro, I. Mazza, J. McKenzie, A. Mignosa, T. Navarrete, T. Orme, G. Pignataro, I. Rizzo, B. Seaman, R. TowseTrade Review‘This is a rich and extremely useful guide on why to teach cultural economics, how it should be taught and what to teach.’ -- Jen Snowball, Journal of Cultural Economics'This book, composed by three leading scholars in the field, includes 38 articles that are most useful for courses in the Economics of Culture. They cover a broad range of topics, among them various relationships to digitization. I highly recommend it.' --Bruno S. Frey, University of Basel, SwitzerlandTable of ContentsContents: 1 Introduction 1 Trine Bille, Anna Mignosa and Ruth Towse 2 Teaching cultural economics 3 Ruth Towse 3 Cultural economics – in research and teaching 10 Trine Bille 4 Why a(nother) book on cultural economics? 20 Anna Mignosa 5 My approach to teaching cultural economics: Why, how, what? 25 Franҫoise Benhamou 6 Teaching cultural economics: The perspective of a decade 27 Bruce A. Seaman PART I ECONOMICS OF PUBLIC SUPPORT FOR ARTS AND CULTURAL ORGANIZATIONS 7 Economic arguments for public support of arts and culture 42 Trine Bille 8 Cultural value and economic value in arts and culture 51 Patrycja Kaszynska 9 Performance assessment in cultural institutions 58 Luis César Herrero-Prieto and María José del Barrio-Tellado 10 Economic impact studies 69 Trine Bille PART II FINANCING CULTURAL PRODUCTION 11 Tax incentives for the cultural sector 79 Sigrid Hemels 12 Tax incentives for international giving to the cultural sector 86 Renate Buijze 13 Philanthropy 91 Luigi Di Gaetano and Isidoro Mazza 14 The economics of crowdfunding 99 Franҫoise Benhamou PART III ARTISTS’ LABOUR MARKETS 15 Artists’ earnings and labour markets 106 Trine Bille 16 Contracts for creators and performers in the creative industries 115 Ruth Towse 17 Busking as a source of income 122 Samuel Cameron 18 Creators’ and performers’ earnings from copyright 129 Ruth Towse 19 Superstars 140 Luc Champarnaud PART IV CONSUMER BEHAVIOUR IN THE CULTURAL SECTOR 20 Demand for cultural goods: Key concepts and a hypothetical case study 149 Bruce A. Seaman 21 Consumer theory, market segmentation and audience research on cultural goods 157 Victoria Ateca-Amestoy 22 Consumer behaviour in the performing arts 166 Andrea Baldin 23 Digital consumption of cultural goods and services 175 Jordi McKenzie 24 Strategies for and experiences of audience development 182 Egil Bjørnsen 25 Big Data: The new avenue for measuring cultural consumption? 189 Lydia Deloumeaux PART V DIGITIZATION AND COPYRIGHT 26 Artificial intelligence and cultural creation 198 Joëlle Farchy and Juliette Denis 27 Digitization in museums 204 Trilce Navarrete 28 Paying for digital music 214 Christian Handke 29 The economics of e-books 220 Françoise Benhamou 30 BBC3 goes digital 225 Ruth Towse PART VI TOPICS IN ECONOMICS OF CULTURAL AND CREATIVE INDUSTRIES 31 Measuring the creative economy 230 Hasan Bakhshi 32 Art at the crossroads between creativity, innovation, digital technology and business, a case study 238 Elisabetta Lazzaro 33 Art galleries as market makers 244 Paolo Di Caro and Isidoro Mazza 34 Film economics 253 Tylor Orme and Darlene C. Chisholm 35 Cinema economics 258 Tylor Orme and Darlene C. Chisholm 36 Intangible cultural heritage 262 Kazuko Goto and Anna Mignosa 37 The economics of craft 268 Kazuko Goto and Anna Mignosa 38 Conservation of historical buildings: The rehabilitation of the Benedettini Monastery in Catania 275 Giacomo Pignataro and Ilde Rizzo Index 282

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Book SynopsisThis unique troika of Handbooks provides indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, the volumes gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought.Each Handbook can be read individually and acts as a self-contained volume in its own right. It can be purchased separately or as part of a three-volume set.Volume I contains original biographical profiles of many of the most important and influential economists. These inform the reader about their lives, works and impact on the further development of the discipline. The emphasis is on their lasting contributions to our understanding of the complex system known as the economy. The entries also shed light on the means and ways in which the functioning of this system can be improved and its dysfunction reduced.Contributors include: T. Asada, T. Aspromourgos, M. Assous, V. Avtonomov, R. Baranzini, A. Baujard, A. Béraud, É. Bertrand, O. Bjerkholt, P. Boettke, D. Bögenhold, A. Brewer, G. Campagnolo, V. Caspari, V. Chick J. Creedy, F. Dal Degan, M. Dal Pont-Legrande, M. Dardi, J. de Boyer des Roches, D. Diatkine, V. Di Giovinazzo, R.W. Dimand, R. Dujmovits, I. Eliseeva, R.B. Emmett, N. Eyguesier, G. Faccarello, O. Favereau, A. Fossati, W. Gaertner, C. Gehrke, A. Giuliani, J. Glaeser, M. Gödl, R. Gómez Betancourt, H. Gram, M.E.L. Guidi, D. Haas, H. Hagemann, G.C. Harcourt, M.J. Holler, H. Janssen, J. Jespersen, J. Joachim Zweynert, P. Kalmbach, Y.-F. Kao, J.E. King, A. Kirman, H. Klausinger, M. Knell, S. Kolev, H.D. Kurz, B.J. Loasby, N. Makasheva, C. Martin, M. McLure, A. Molavi Vasséi, A.E. Murphy, L. Nellinger, S. Oliver, A. Opocher, A. Orain, T. Raffaelli, A. Rainer, G. Rubin, M. Rutherford, M. Salles, N. Salvadori,B. Schefold, M. Schneider, C.P. Schröder, M.H. Schütz, U. Schwalbe, R. Signorino, N. Skaggs, P. Spahn, P. Steiner, R. Sturn, H.-M. Trautwein, K. Tribe, R. Van den Berg, V. Vanberg, K. Velupillai, R. Venkatachalam, C.C. von Weizsäcker, L.R. Wray, K. YahiaTrade Review‘This unique trio of Handbooks of economic analysis offers a comprehensive coverage of the history of the subject. It is a fascinating collection of essays on a wide range of topics in the field.‘(The authors) are to be lauded for what is by any standard a major accomplishment, and an important contribution to the existing scholarly literature in the history of economics.’ -- Harro Maas and Cléo Chassonnery-Zaigouche, The European Journal of the History of Economic Thought‘(This book) provides a comprehensive and complex history of the evolution of economic science, something that no other book does. That is why the Handbook of the History of Economic Analysis will soon become an indisputable guide for universities, in particular, and for the academic world, in general.’ -- The Journal of Philosophical EconomicsTable of ContentsContents: 1. Introduction 2. William Petty (1623-1687) Tony Aspromourgos 3. Pierre Le Pesant de Boisguilbert (1646-1714) Gilbert Faccarello 4. John Law (1671-1729) Antoin E. Murphy 5. Richard Cantillon (1680/90-1734) Antoin E. Murphy 6. Charles-Louis de Secondat de Montesquieu (1689-1755) Arnaud Orain 7. François Quesnay (1694-1774) and Physiocracy Arnaud Orain and Philippe Steiner 8. Daniel Bernoulli (1700-1782) Gilbert Faccarello 9. David Hume (1711-1776) Daniel Diatkine 10. James Steuart [James Denham-Steuart] (1712-1780) Anthony Brewer 11. Adam Smith (1723-1790) Tony Aspromourgos 12. Anne-Robert-Jacques Turgot (1727-1781) Gilbert Faccarello 13. Marie-Jean-Antoine-Nicolas Caritat de Condorcet (1743-1794) Gilbert Faccarello 14. Jeremy Bentham (1748-1832) Marco E.L. Guidi 15. Achille-Nicolas Isnard (1748-1803) Richard van den Berg 16. Henry Thornton (1760-1815) Jérôme de Boyer des Roches 17. Thomas Robert Malthus (1766-1834) Catherine Martin 18. Jean-Baptiste Say (1767-1832) Alain Béraud 19. David Ricardo (1772-1823) Heinz D. Kurz 20. Jean-Charles-Léonard Simonde de Sismondi (1773-1842) Francesca Dal Degan and Nicolas Eyguesier 21. Thomas Tooke (1774-1858) Neil Skaggs 22. Robert Torrens (c.1780-1864) Christian Gehrke 23. Johann Heinrich von Thünen (1783-1850) Ludwig Nellinger 24. Barthélémy-Charles Dunoyer de Segonzac (1786–1862) Alain Béraud 25. Friedrich List (1789-1846) Stefan Kolev and Joachim Zweynert 26. Frédéric Bastiat (1801-1850) Alain Béraud 27. Antoine-Augustin Cournot (1801-1877) Alain Béraud 28. Jules Dupuit (1804-1866) Alain Béraud 29. John Stuart Mill (1806-1873) Arrigo Opocher 30. Pierre-Joseph Proudhon (1809-1865) Alain Béraud 31. Hermann Heinrich Gossen (1810-1858) Heinz D. Kurz 32. Bruno Hildebrand (1812-1878) Bertram Schefold 33. Wilhelm George Friedrich Roscher (1817-1894) Heinz D. Kurz 34. Karl Heinrich Marx (1818-1883) Gilbert Faccarello, Christian Gehrke and Heinz D. Kurz 35. Clément Juglar (1819-1905) Muriel Dal Pont-Legrande 36. Gustave de Molinari (1819-1912) Alain Béraud 37. Walter Bagehot (1826-1877) Jérôme de Boyer des Roches 38. Marie Esprit Léon Walras (1834-1910) Roberto Baranzini 39. William Stanley Jevons (1835-1882) John Creedy 40. Adolph Heinrich Gotthilf Wagner (1834-1917) Rudolf Dujmovits and Richard Sturn 41. Gustav Friedrich von Schmoller (1838-1917) Johannes Glaeser 42. Henry Sidgwick (1838-1900) Keith Tribe 43. Carl Menger (1840-1921) Gilles Campagnolo 44. Alfred Marshall (1842-1924) Tiziano Raffaelli 45. Philip Henry Wicksteed (1844-1927) John Creedy 46. Francis Ysidro Edgeworth (1845-1926) John Creedy 47. John Bates Clark (1847-1938) Marlies Hanna Schütz 48. Vilfedo Pareto (1848-1923) Michael McLure 49. Eugen von Böhm-Bawerk (1851-1914) Carl Christian von Weizsäcker 50. Knut Wicksell (1851-1926) Hans-Michael Trautwein 51. Friedrich von Wieser (1851-1926) Richard Sturn 52. Maffeo Pantaleoni (1857-1924) Marco Dardi 53. Thorstein Bunde Veblen (1857-1929) Alfonso Giuliani 54. Antonio De Viti de Marco (1858-1943) Amedeo Fossati 55. John Atkinson Hobson (1858-1940) Michael Schneider 56. Georg Simmel (1858-1918) Dieter Bögenhold 57. Enrico Barone (1859-1924) Marco Dardi 58. Max Weber (1864-1920) Keith Tribe 59. Mikhail Ivanovich Tugan-Baranovsky (1865-1919) Vladimir Avtonomov and Natalia Makasheva 60. Gustav Cassel (1866-1945) Hans-Michael Trautwein 61. Irving Fisher (1867-1947) Harald Hagemann 62. Ladislaus von Bortkiewicz (1868-1931) Christian Gehrke and Heinz D. Kurz 63. Vladimir Karpovich Dmitriev (1868-1913) Christian Gehrke 64. Louis Bachelier (1870-1946) Alain Béraud 65. Arthur Spiethoff (1873-1957) David Haas 66. Albert Aftalion (1874-1956) Muriel Dal Pont-Legrand 67. Wesley Clair Mitchell (1874-1948) Malcolm Rutherford 68. Edwin Walter Kemmerer (1875-1945) Rebeca Gómez Betancourt 69. Arthur Cecil Pigou (1877-1959) Hansjörg Klausinger 70. Ralph George Hawtrey (1879-1975) Jérôme de Boyer des Roches 71. Evgeni Evgenievich Slutsky (1880-1948) Irina Eliseeva 72. Ludwig Heinrich von Mises (1881-1973) Richard Sturn 73. John Maynard Keynes (1883-1946) Victoria Chick and Jesper Jespersen 74. Joseph Alois Schumpeter (1883-1950) Richard Sturn 75. Frank H. Knight (1885-1972) Ross B. Emmett 76. Karl Polanyi (1886-1964) Peter Kalmbach 77. Walter Eucken (1891-1950) Hauke Janssen 78. Erik Lindahl (1891-1960) Christian Gehrke 79. Adolph Lowe (1893-1995) Harald Hagemann 80. Ragnar Anton Kittil Frisch (1895-1973) Olav Bjerkholt 81. Jacob Marschak (1898-1977) Harald Hagemann 82. Gunnar Myrdal (1898-1987) Hans-Michael Trautwein 83. Lionel Charles Robbins (1898-1984) Andreas Rainer 84. Piero Sraffa (1898-1983) Heinz D. Kurz and Neri Salvadori 85. Edward H. Chamberlin (1899-1967) Rodolfo Signorino 86. Friedrich August von Hayek (1899-1992) Peter Boettke 87. Michał Kalecki (1899-1970) Michaël Assous 88. Roy Forbes Harrod (1900-1978) Michaël Assous 89. Abba Ptachya Lerner (1903-1982) Volker Caspari 90. John von Neumann (1903-1957) Manfred J. Holler 91. Frank Plumpton Ramsey (1903-1930) K. Vela Velupillai and Ragupathy Venkatachalam 92. Joan Violet Robinson (1903-1983) Harvey Gram 93. George Lennox Sharman Shackle (1903-1992) Brian J. Loasby 94. Jan Tinbergen (1903-1994) Mark Knell 95. John Richard Hicks (1904-1989) Harald Hagemann 96. Oskar Ryszard Lange (1904-1965) Michaël Assous 97. Richard Ferdinand Kahn (1905-1989) Geoffrey C. Harcourt 98. Wassily W. Leontief (1905-1999) Olav Bjerkholt 99. Heinrich von Stackelberg (1905-1946) Ulrich Schwalbe 100. James Edward Meade (1907-1995) Volker Caspari 101. Nicholas Kaldor (1908-1986) John E. King 102. Ronald Harry Coase (1910-2013) Élodie Bertrand 103. Richard Abel Musgrave (1910-2007) Richard Sturn 104. Tibor Scitovsky (1910-2002) Viviana Di Giovinazzo 105. Maurice Allais (1911-2010) Alain Béraud 106. Milton Friedman (1912-2006) Christian Philipp Schröder and Peter Spahn 107. Abram Bergson [Abram Burk] (1914-2003) Antoinette Baujard 108. Paul Anthony Samuelson (1915-2009) Carl Christian von Weizsäcker 109. Herbert Alexander Simon (1916-2001) K. Vela Velupillai and Ying-Fang Kao 110. James Tobin (1918-2002) Robert W. Dimand 111. James M. Buchanan (1919-2013) Viktor Vanberg 112. Hyman Philip Minsky (1919-1996) L. Randall Wray 113. Kenneth Joseph Arrow (1921) Maurice Salles 114. Gérard Debreu (1921-2004) Alan Kirman 115. Don Patinkin (1922-1995) Goulven Rubin 116. Michio Morishima (1923-2004) Toichiro Asada 117. Robert Merton Solow (1924) Peter Kalmbach 118. John Forbes Nash (1928-2015) Robert W. Diamand and Khalid Yahia 119. Robert Alexander Mundell (1932) Oliver Sauter and Peter Spahn 120. Takashi Negishi (1933) Toichiro Asada 121. Amartya Kumar Sen (1933) Wulf Gaertner 122. Robert E. Lucas (1937) Arash Molavi Vasséi snd Peter Spahn 123. George Akerlof (1940) Olivier Favereau 124. Joseph Eugene Stiglitz (1943) Max Gödl 125. Paul Robin Krugman (1953) Max Gödl Index

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Book SynopsisThis unique troika of Handbooks provide exhaustive and indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, they gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought.Each Handbook can be read individually and acts as a self-contained volume in its own right. They can be purchased separately or as part of a three-volume set.Volume II contains entries on the major schools of economic thought and analysis. These schools differ with regard to their 'vision' of the working of the economic system, the major forces and interactions that shape its path, and the policy recommendations proposed. At any moment of time, several such schools typically compete with one another, striving for dominance within the economic and political discourse.Contributors include: F. Allisson, R. Baranzini, M. Bellet, A.A. Belykh, C. Benassi, A. Béraud, C.B. Blankart, A. Brewer, G. Chaloupek, I. Chaplygina, S. Cook, J. Creedy, J. de Boyer des Roches, T. Demals, R.B. Emmett, G. Faccarello, C. Gehrke, G.C. Harcourt, J.E. King, H.D. Kurz, A. Lapidus, M. Lavoie, M.C. Marcuzzo, A. Molavi Vasséi, P.L. Porta, A. Rosselli, M. Rutherford, N. Salvadori, B. Schefold, N.T. Skaggs, R. Solis Rosales, H.-P. Spahn, N. Thompson, H.-M. Trautwein, K. TribeTrade Review‘This unique trio of Handbooks of economic analysis offers a comprehensive coverage of the history of the subject. It is a fascinating collection of essays on a wide range of topics in the field.‘(The authors) are to be lauded for what is by any standard a major accomplishment, and an important contribution to the existing scholarly literature in the history of economics.’ -- Harro Maas and Cléo Chassonnery-Zaigouche, The European Journal of the History of Economic Thought‘(This book) provides a comprehensive and complex history of the evolution of economic science, something that no other book does. That is why the Handbook of the History of Economic Analysis will soon become an indisputable guide for universities, in particular, and for the academic world, in general.’ -- The Journal of Philosophical EconomicsTable of ContentsContents: 1. Introduction 2. Antiquity Bertram Schefold 3. Economic Thought in Scholasticism Irina Chaplygina and André Lapidus 4. Cameralism Keith Tribe 5. Mercantilism and the Science of Trade Thierry Demals 6. French Enlightenment Thierry Demals and Gilbert Faccarello 7. Italian Enlightenment Pier Luigi Porta 8. Scottish Enlightenment Anthony Brewer 9. British Classical Political Economy Christian Gehrke 10. French Classical Political Economy Alain Béraud 11. Bullionist and Anti-bullionist Schools Jérôme de Boyer des Roches and Ricardo Solis Rosales 12. Banking and Currency Schools Neil T. Skaggs 13. Non Marxian Socialist Ideas in France Michel Bellet 14. Non Marxian Socialist Ideas in Britain and the United States Noel Thompson 15. Non Marxian Socialist Ideas in Germany and Austria Günther Chaloupek 16. Marxism(s) John E. King 17. German and Austrian school Heinz D.Kurz 18. British Marginalism John Creedy 19. Lausanne School Roberto Baranzini and François Allisson 20. Historical Economics Simon Cook and Keith Tribe 21. Institutionalism Malcolm Rutherford 22. Russian School of Mathematical Economics Andrey A. Belykh 23. Cambridge School of Economics Maria Cristina Marcuzzo and Annalisa Rosselli 24. Stockholm (Swedish) School Hans-Michael Trautwein 25. Chicago School Ross B. Emmett 26. Monetarism Arash Molavi Vasséi 27. New Classical Macroeconomics Peter Spahn 28. Public Choice Charles B. Blankart 29. Neo Ricardian Economics Heinz D. Kurz and Neri Salvadori 30. Keynesianism Geoffrey C. Harcourt 31. Post-Keynesianism Marc Lavoie 32. New Keynesianism Corrado Benassi Index

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Book SynopsisThis unique troika of Handbooks provide indispensable coverage of the history of economic analysis. Edited by two of the foremost academics in the field, they gather together insightful and original contributions from scholars across the world. The encyclopaedic breadth and scope of the original entries will make these Handbooks an invaluable source of knowledge for all serious students and scholars of the history of economic thought.Each Handbook can be read individually and acts as a self-contained volume in its own right. They can be purchased separately or as part of a three-volume set.Volume III contains entries on the development of major fields in economics from the inception of systematic analysis until modern times. The reader is provided with succinct summary accounts of the main problems, the methods used and the results obtained across time. The emphasis is on both the continuity and major changes that have occurred in the economic analysis of problematic issues such as economic growth, income distribution, employment, inflation, business cycles and financial instability.Contributors: M. Assous, A. Baccini, Jr., A. Baujard, É. Bertrand, M. Boumans, J.L. Cardoso, M. Dal Pont-Legrand, J. De Boyer Des Roches, M. De Vroey, S. Di Rizzello, S. Diatkine, K. Dopfer, A.K. Dutt, R. Ege, G. Erreygers, D. Foley, R. Gómez Betancourt, D. Haas, H. Hagemann, E. Hosoda, H. Igersheim, A. Kirman, J. Kleinert, H. Kliemt, H.D. Kurz, R. Leonard, P. Malgrange, A. Maneschi, P. Mehrling, S. Mohun, M. Mosca, S. Noto, A. Opocher, N. Palan, F. Petri, A. Rainer, S. Rizzello, J.B. Rosser, M. Salles, N. Salvadori, M. Schütz, R. Signorino, A. Spada, P. Steiner, A. Stirati, R. Strohmaier, R. Sturn, C. Sunna, J.-F. Thisse, P. Tubaro, K. WataraiTrade Review‘This unique trio of Handbooks of economic analysis offers a comprehensive coverage of the history of the subject. It is a fascinating collection of essays on a wide range of topics in the field.‘(The authors) are to be lauded for what is by any standard a major accomplishment, and an important contribution to the existing scholarly literature in the history of economics.’ -- Harro Maas and Cléo Chassonnery-Zaigouche, The European Journal of the History of Economic Thought‘(This book) provides a comprehensive and complex history of the evolution of economic science, something that no other book does. That is why the Handbook of the History of Economic Analysis will soon become an indisputable guide for universities, in particular, and for the academic world, in general.’ -- The Journal of Philosophical EconomicsTable of ContentsContents: 1. Introduction 2. Balance of Payment and Exchange Rates Jérôme De Boyer Des Roches and Rebeca Gómez Betancourt 3. Behavioural and Cognitive Economics Salvatore Di Rizzello and Anna Spada 4. Business Cycles and Growth Michaël Assous, Muriel Dal Pont-Legrand and Harald Hagemann 5. Capital Theory Fabio Petri 6. Competition Neri Salvadori and Rodolfo Signorino 7. Corporatism Sergio Noto 8. Development Economics Amitava Krishna Dutt 9. Econometrics Marcel Boumans 10. Economic Dynamics J. Barkley Rosser, Jr. 11. Economic Geography Jacques-François Thisse 12. Economic Sociology Philippe Steiner 13. Economics And Philosophy Hartmut Kliemt 14. Evolutionary Economics Kurt Dopfer 15. Experimental Economics Salvatore Rizzello and Anna Spada 16. Financial Economics Perry Mehrling 17. Formalisation and Mathematical Modelling Paola Tubaro 18. Game Theory Robert Leonard 19. General Equilibrium Theory Alan Kirman 20. Growth Heinz D. Kurz and Neri Salvadori 21. Income Distribution Arrigo Opocher 22. Industrial Organization Manuela Mosca 23. Input-Output Analysis Guido Erreygers 24. Institutional Economics Élodie Bertrand 25. International Trade Andrea Maneschi 26. Labour and Employment Antonella Stirati 27. Macroeconomics Michel De Vroey and Pierre Malgrange 28. Methods in the History of Economic Thought José Luís Cardoso 29. Money and Banking Jérôme De Boyer Des Roches and Sylvie Diatkine 30. Open Economy Macroeconomics Joern Kleinert 31. Political Philosophy and Economics: Freedom and Labour Ragip Ege and Herrade Igersheim 32. Population Claudia Sunna 33. Poverty Katsuyoshi Watarai 34. Public Economics Richard Sturn 35. Resource and Environmental Economics Eui Hosoda 36. Social Choice Maurice Salles 37. Technical Change and Innovation David Haas, Heinz D. Kurz, Nicole Palan, Andreas Rainer, Marlies Schütz and Rita Strohmaier 38. Theory of the Firm Élodie Bertrand 39. Uncertainty and Information Alberto Baccini 40. Utilitarianism and Anti-Utilitarianism Antoinette Baujard 41. Value and Price Duncan Foley and Simon Mohun 42. Welfare Economics Antoinette Baujard Index

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Book SynopsisInequalities and the Progressive Era features contributors from all corners of the world, each exploring a different type of inequality during the Progressive Era (1890s-1930s). Though this era is most associated with the United States, it corresponds to a historical period in which profound changes and progress are realized or expected all over the globe. The original and international perspectives of the book make it possible to examine important issues or authors of the Progressive Era, who have at times been neglected or insufficiently discussed. This analysis allows us both to know more about this key period of the history of capitalism, and to consider contemporary debates regarding the treatment of inequalities with a pluralistic approach. Academics and students of all levels, from PhD and Master degree students to undergrads will appreciate the original focus on the roots and treatments of inequalities, and this innovative collaboration between researchers of various fields in social sciences. Contributors include: V. Babashkin, T. Briggs, B. Buarque de Hollanda, C. Castelain-Meunier, V. Chassagnon, R.W. Dimand, B. Dubrion, O. Goerg, F. Granda, O. Lakomski-Laguerre, C. Maumi, S. Meardon, A. Millmow, C. Morrisson, T. N'Diaye, A. Nikulin, J.N. Parker, S. Pressman, M. Rocca, C. Schrecker, F. Sember, R. Skidelsky, H. Tanaka, P. Thane, G. ValletTrade Review‘This collection of essays is a valuable reference for anyone interested in inequality. Its wide breadth, both in terms of topics and geographical coverage, and the sociological and institutional perspective that permeates most of the contributions, provide insights often lacking in other works on the same topic.’ -- Emanuele Citera, Review of Political Economy‘The collection itself is fascinating in the scope of the material. Many of those identified here as Progressives are absent from the orthodox treatments of the subject, which has been for the most part confined to a specific period in the economic and social history of the United States.’ -- Charles R McCann Jr, History of Economic Ideas'Rising inequality in late 19th and early 20th centuries US led to the development between 1920 and 1980 of the most successful and ambitious progressive tax system ever experimented. If you want to know more about the intellectual roots of the progressive era, you should read this great collection of essays. A fascinating book.' --Thomas Piketty, Ecole des Hautes Etudes en Sciences Sociales and Paris School of Economics, France'This remarkable and carefully curated volume is an invaluable roadmap to the treatment of inequalities during the fascinating and often misunderstood Progressive Era. As Guillaume Vallet and his contributors argue there is much to be learned about this transformative era of political, economic, and social reform. Today, we confront a wide range of unacceptable inequalities. Academics, policymakers, and activists should look to this volume for inspiration as they design and advocate pathways out of the present morass.' --Ilene Grabel, University of Denver, US'Although ''The Progressive Era'' is usually understood as the period from 1900 to 1917 in the United States during which major political, social, and economic reforms took place, the authors of the twenty-two essays about more than a dozen countries on five continents in this volume broaden the geographical and chronological (1890s-1930s) focus on similar reform activities. Current efforts to address the problem of increasing inequalities of wealth and income in our own time can benefit from the perspectives provided by these studies of a similar problem a century ago.' --James M. McPherson, Princeton University, US and author of Battle Cry of Freedom; The Civil War EraTable of ContentsContents: Preface Stephany Griffith-Jones Introduction Guillaume Vallet I. Foundations of inequalities 1. The question of inequalities during the Progressive Era in the United States: The “Golden Mean” program of the economist Richard T. Ely Michel Rocca 2. The progressive view of old institutionalism: Business ethics, industrial democracy and reasonable capitalism Virgile Chassagnon and Benjamin Dubrion 3. Inequalities and the dynamics of capitalism: Will democracy survive? Albion W. Small’s view Guillaume Vallet 4. Forgetting and remembering the Chicago school of Colombus, Ohio: Roderick D. McKenzie, neighborhoods, and inequality Jeffrey Nathaniel Parker 5. Progressive values and institutional realities at the New School for Social Research Cherry Schrecker 6. Progressive economic thought in interwar Australia Alex Millmow 7. Repeated disappearance: Why was progressivism forgotten in Japanese economics? Hidetomi Tanaka II. Fighting income, capital and land inequalities 8. Income inequality: A turning point, 1880–1930 Christian Morrisson 9. Inequalities in the United Kingdom: The “Progressive” Era, 1890s–1920s Patricia Thane 10. Distribution as a macroeconomic problem Robert Skidelsky 11. Land ownership as a mechanism for the reproduction of inequality in Ecuador from 1895 to 1920s Francisca Granda 12. Peasants, inequality and progress in the research of Alexander Chayanov: Russia and the world Vladimir Babashkin and Alexander Nikulin 13. Broadacre City: Frank Llyod Wright’s vision of an organic capitalism Catherine Maumi 14. The tariff question, the labor question, and Henry George’s triangulation Stephen Meardon III. Fighting social inequalities 15. Schumpeter’s view of social inequalities Odile Lakomski-Laguerre 16. W.E.B. Du Bois on poverty and racial inequality Steven Pressman and Thomas Briggs 17. A reconsideration of James Africanus Beale Horton of Sierra Leone (1835–1883) and his legacy Odile Goerg 18. Sol Plaatje: An intellectual giant in the 20th century history of black South Africa Tidiane N’Diaye and Guillaume Vallet 19. Stephen Leacock on political economy and the unsolved riddle of social justice Robert W. Dimand 20. Trailblazing feminists at the turn of the twentieth century: A focus on Marianne Weber and Lou-Andreas Salomé Christine Castelain-Meunier 21. Silvio Gesell’s vision on monetary reform: how to reduce social inequalities Florencia Sember 22. Football culture and sports history in Latin America: From the Progressive Era to contemporary times Bernardo Buarque de Hollanda Index

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Book SynopsisCountering the claims that competition contradicts and undermines ethical thought processes and actions, Christoph Lütge successfully argues that competition and ethics do not necessarily have to oppose one another. He highlights how intensified competition can in fact work in favour of ethical goals, and that many criticisms of competition stem from an out-dated understanding of how modern societies and economies function. Illustrating this view with examples from ecology, healthcare and education, the author calls for a more entrepreneurial spirit in analysing the relationship between competition and ethics. This book delivers important arguments for the ethics of innovation, using a combination of theoretical and practical evidence to support it.Researchers and scholars of economics, business, philosophy and politics will greatly benefit from the fresh interdisciplinary perspectives and thorough exploration of the complex relationship between modern competition and ethics.Table of ContentsContents: Introduction 1. Competition: Terminology and Concepts 2. The Ethical Role of Competition 3. Is Life a See-Saw? Zero-Sum Thinking and Moderation 4. Competition and Ecology 5. Competition and Education 6. Competition in Health and Nursing Care 7. Competition, Politics, and Media 8. Competition in our Daily Lives 9. Conclusion Bibliography Index

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Book SynopsisThis book introduces readers to some key concepts in post-Keynesian and heterodox economics, in particular the importance of finance in relation to income distribution and growth. The book explores various aspects of financialization, such as its role in pension funds, and explores its consequences especially in developing economies. Readers will recognize other key concepts such as the role of banks, and the effectiveness of monetary policy and its transmission mechanism, and unconventional policies, such as quantitative easing. Considerable space is given to income inequality, a topic that has become increasingly important. Authors explore the growing importance of household debt, and policies that could address inequality. Finally, the book discusses the rising importance of dualism, a much under-researched topic in heterodox economics. Policy makers and scholars alike, especially those in Heterodox Economics, will find the book a much need addition to the field.Trade Review'This invaluable collection brings together the work of the world's leading Post-Keynesian thinkers. With great verve and originality the contributors take on most of the pressing theoretical and policy issues or our time-finance and financialization, monetary policy, economic growth, distribution, and economic dualism. This book belongs on the shelf of academic macroeconomists, their students, and every politician seeking insight and inspiration that will help get us out of the present morass.' --Ilene Grabel, University of Denver, USTable of ContentsContents: Introduction Louis-Philippe Rochon and Virginie Monvoisin PART I POST-KEYNESIAN VIEWS ON FINANCE AND FINANCIALIZATION 1. Measuring finance for the economy and finance for finance Marcello Spanò 2. Economic limits of the originate to distribute model of banking Óscar Dejuán and John S. L. McCombie 3. Private pension funds in emerging economies: From broken promises to financialisation Bruno Bonizzi and Diego Guevara 4. Financialization and bancarization of Argentina, Brazil and Mexico: the financial services transformations as from the post-crisis period Alicia Girón and Marcia Solorza PART II POST-KEYNESIAN VIEWS ON Distribution and Growth 5. Macroeconomic implications of inequality and household debt: European evidence Jonathan Perraton 6. How can policy tackle inequality in 21st century? Hanna Szymborska 7. Economic policies and growth regimes in France (1974-2016) Hélène de Largentaye and Renaud du Tertre 8. Non-conventional fiscal rules in a Kaleckian model of growth and income distribution with external debt Pablo G. Bortz, Gabriel Michelena, and Fernando Toledo PART III POST-KEYNESIAN VIEWS ON Monetary Policy 9. The transmission of monetary policy in the US: Testing the credit channel and the role of endogenous money Nathan Perry and Carlos Schönerwald 10. Corporate debt expansion in emerging countries after 2008: Profile, determinants and policy implications Cristiano Duarte 11. From trillemma to dilemma: monetary policy after Bretton Woods Hasan Cömert 12. Shifting frames of the expert debate: Quantitative Easing, international Macro-finance and the potential impact of Post-Keynesian Scholarship Max Nagel and Matthias Thiemann PART IV SOME NOTES ON THE DUAL ECONOMY Introduction Helene Delargentaye 13. Dualism: more or less? David Leadbeater 14. Do the robots come to liberate us or to deepen our inequality? The uncertain macrostructural foundations of the robotic age Arpita Bhattacharjee and Gary Dymski Index

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Book SynopsisThis Encyclopedia is an invaluable reference book for post-Keynesian and heterodox economics. It consists of 300 entries, written by 180 different authors. The volume includes entries on key concepts of interest to post-Keynesians as well as descriptions of some of the seminal books in the post-Keynesian tradition. It will interest both students and scholars of heterodox economics, as well as policy makers around the world looking for a better alternative to mainstream economic policies at national and international levels in the aftermath of the global financial crisis that burst in 2008 and the COVID-19 pandemic crisis that began in 2020.Key Features: Offers a non-conventional understanding of economic analysis on a number of key economic topics Provides a deep and convincing criticism of orthodox thinking Explains how money, banking and finance are crucial elements of economics today Addresses the roots of the 2008 global financial crisis Points out the importance of sound economic policies Presents the essence of the subject matter concisely This comprehensive reference work will be a key tool to students, scholars, policy makers and anyone else seeking to understand the world economy through the important lens of post-Keynesian thought.Trade Review‘Rochon and Rossi compile an excellent overview of the origins and current state of post-Keynesian economic theory. Consisting of more than 300 entries by roughly 170 authors, the volume is geared toward economists of all levels, particularly the “younger generation” of economists and economics students. Entries generally do an excellent job of covering the historical and current aspects of a given concept, and some entries assess the impacts of both the 2008 economic crisis and COVID-19. Each entry includes detailed references, notes, and charts, where applicable. Ultimately, Rochon and Rossi have assembled a volume that fits nicely within the larger collection of Elgar encyclopedia and the current landscape of introductory texts on post-Keynesian economics.’ -- W. Kramer, Choice MagazineTable of ContentsContents: Introduction to the Elgar Encyclopedia of Post-Keynesian Economics xvii A Tract on Monetary Reform 1 Aldo Barba Accelerator effects 2 Fabio Freitas AD–AS model 3 Anil Aba Agent-based modelling 4 Corrado Di Guilmi Aggregate demand 6 Geoff Harcourt and Peter Kriesler Animal spirits 7 Sheila Dow Asset backed securities 8 Clara Capelli and Eugenio Caverzasi Asymmetric information 9 Lino Sau Austerity 11 Aldo Barba Balance of payments 12 Gilberto Libanio and João P. Romero Balance of payments constrained growth 13 Anthony Thirlwall Balance of trade 15 João P. Romero and Gilberto Libanio Balanced budget 17 Arne Heise Bank lending and creditworthiness 18 Fábio Terra Bank lending and expectations 19 Fábio Terra Banking and finance 20 Noemi Levy-Orlik and Jorge Bustamante-Torres Banking regulation 22 Peter Docherty Banking School 24 Eugenio Caverzasi Banks 25 Marcelo Milan Basel Agreements 27 Yannis Panagopoulos Behavioural economics 29 Mathieu Dufour Bretton Woods 30 Mario Cedrini Bubbles – credit 31 Lino Sau Bubbles – financial 33 Steve Keen Business cycles 34 Ekaterini Tsouma Business cycles and prey–predator models 35 Geoff Harcourt and Peter Kriesler Cambridge Circus 37 Maria Cristina Marcuzzo Cambridge equation 38 Luigi L. Pasinetti and Ariel L. Wirkierman Capacity utilization 40 Attilio Trezzini and Daria Pignalosa Capital controls 41 Luis Reyes Capital flows 43 Pablo Bortz Capital requirements 44 Ted P. Schmidt Capital theory controversies 45 Geoff Harcourt and Peter Kriesler Capitalism 47 Marco Veronese Passarella Capitalism – stages of 48 John E. King Capitalism – varieties of 49 Guillaume Vallet Carbon tax 51 Étienne Espagne and Antoine Godin Central bank independence 52 Sergio Rossi Central bank–treasury relations 54 Flavia Dantas Central banking 56 Peter Docherty Central banking – developing economies 58 Esteban Pérez Caldentey Chicago School 59 Luigi Ventimiglia Clearing balances 61 Edoardo Beretta Common currency area 62 Arslan Razmi Compensation thesis 64 Simona Bozhinovska Complex systems 65 Corrado Di Guilmi Consumer behaviour 67 Robert H. Scott Consumer choice 68 Anil Aba Consumption theory 69 Ted P. Schmidt Contagion effects 70 Luigi Ventimiglia Corn model 72 Marco Missaglia Corporate debt 73 Melanie G. Long Credit 74 Robert H. Scott Credit constraints 75 Nicolas Piluso and Louis-Philippe Rochon Credit default swaps 77 Daniele Tori Credit divisor 78 Jonathan Massonnet Credit easing 79 Olivia Bullio Mattos Credit money 81 David M. Fields Credit multiplier 82 Plamen Ivanov Credit-led boom 84 Fernando Toledo and Jorge Carrera Critical realism 85 Ariane Agunsoye Crowding-in and crowding-out 87 Najib Khan Cumulative causation 88 David M. Fields Currency board 90 Shirley Gedeon Currency hierarchy 91 Fernando Ferrari Filho Currency School 93 Robert W. Dimand Current accounts 94 Christos Pierros Debt deflation 96 Steve Keen Debt – external 98 Luis Reyes Debt – household 99 Aldo Barba Debt – non-financial corporate sector 100 Fernanda Ultremare Debt – public 101 Alain Parguez and Slim Thabet Debt-led boom 102 Fernando Toledo and Jorge Carrera Deindustrialization and economic growth 104 José Gabriel Palma Deindustrialization, ‘premature’ deindustrialization and the Dutch disease 106 José Gabriel Palma Demand-led growth 109 Marco Missaglia Dependency theory 111 David M. Fields Deregulation 112 Ivan Velasquez Development 114 Amitava Dutt Development banking 115 Konstantinos Loizos Dollar dominance 117 Adrien Faudot Dollarization 118 Wesley C. Marshall Double-entry bookkeeping 119 Matheus Grasselli Dual economy 120 Marco Missaglia Dutch disease 122 Adrien Faudot Ecological macroeconomics 123 Étienne Espagne, Antoine Godin and Romain Svartzman Ecological microeconomics 125 Richard P.F. Holt Econometrics – role of 127 Florent McIsaac Economic Dynamics 128 Heinrich Bortis Economic geography 130 Jordan Ayala Economic Growth and the Balance-of- Payments Constraint 132 Paulo Robilloti Economic integration 133 Mehdi Ben Guirat Effective demand 135 Claude Gnos Employer of last resort 136 Antoine Godin Endogenous money 138 Louis-Philippe Rochon Entrepreneurial State 139 Esteban Cruz Hidalgo, José Francisco Rangel Preciado and Francisco M. Parejo Moruno Essays in the Theory of Economic Growth 140 Heinrich Bortis Euro 142 Sergio Rossi European Monetary Union 144 Guillaume Vallet and Hamed Karamoko Eurozone imbalances 145 Luis Reyes Euthanasia of the rentier 146 Ana Laura Viveros Exchange rates 148 Aleksandr V. Gevorkyan Exchange rates – fixed vs flexible 149 Luigi Ventimiglia Exchange rates – managed 150 Aleksandr V. Gevorkyan Exogenous money 152 Yannis Panagopolous Expectations 153 Ekaterini Tsouma Fallacy of composition 154 Jonathan Massonnet Feminist economics 156 Melanie G. Long Finance – initial vs final 157 Andrea Carrera Finance and development 159 Wesley C. Marshall Finance in developing countries 160 Noemi Levy-Orlik Finance motive 161 Claude Gnos Financial crises 163 Mathieu Dufour Financial deepening 164 Diego Guevara Financial fragility 165 Steve Keen Financial innovations 166 Marcelo Milan Financial instability hypothesis 168 Mathieu Dufour Financial liberalization 169 Konstantinos Loizos Financial macroeconomics 171 Vincent Duwicquet Financial regulations 172 Domenica Tropeano Financial risk 174 Melanie G. Long Financial sectoral balances 175 Christos Pierros Financialization 176 Plamen Ivanov Fiscal consolidation 177 Shakuntala Das Fiscal deficits 179 Malcolm Sawyer Fiscal multiplier 180 Aldo Barba Fiscal policy 181 Arne Heise Foreign-exchange reserves 183 Aleksandr V. Gevorkyan Free trade 185 Mohamed Aslam Full employment 186 Paolo Paesani and Antonella Palumbo Functional finance 187 John E. King General Theory – interpretations of 189 Robert W. Dimand Gibson paradox 192 Enrico Sergio Levrero Globalization 194 Wesley C. Marshall Goodwin cycles 195 Robert A. Blecker Government deficits and inflation 197 Hassan Bougrine Government deficits and money creation 198 Hassan Bougrine Growth 199 Amitava Dutt Growth – unequal 201 Ricardo Araujo Growth – wage-led vs profit-led 202 David M. Fields Harrod’s dynamics 203 Esteban Pérez Caldentey Harrod’s foreign trade multiplier 204 Germán D. Feldman Harrod’s trade cycle 206 Cédric Rogé Harrodian instability 208 David M. Fields Heterodox economics 209 Paolo Ramazzotti Historical time 211 Charles M.A. Clark Horizontalism 212 Matteo Deleidi Hysteresis 213 Mark Setterfield Imperfect competition 215 Maria Cristina Marcuzzo Income distribution 216 Eckhard Hein Income multiplier 218 Jo Michell Induction and deduction 220 Edward Teather-Posadas Inequality 221 James K. Galbraith Inflation 223 Sergio Rossi Inflation – conflict theory of 224 Malcolm Sawyer Inflation – cost-push 225 Carlo Cristiano Inflation targeting 226 Ulaş Şener Innovation 228 Nicola De Liso Institutional economics – core ideas 230 Slim Thabet Institutional economics – origins 231 William E. McColloch Interest rate – long term 233 Salvatore Perri Interest rate, natural 234 Basil Oberholzer Interest rate and income distribution 235 Enrico Sergio Levrero Interest rate rules 237 Achilleas Mantes Interest rate targeting 239 Hassan Bougrine Interest rates and investment 240 Matteo Deleidi International clearing union 241 Hassan Bougrine International financial architecture 243 John T. Harvey International monetary system 245 Pablo Bortz Investment – theories of 246 William E. McColloch Investment theory – ecological 248 Basil Oberholzer Investment theory – Kaleckian 249 Malcolm Sawyer Investment theory – Keynesian 250 Robert H. Scott Involuntary unemployment – explanations of 251 Ítalo Pedrosa Involuntary unemployment – origins of 253 Esteban Cruz Hidalgo, Francisco M. Parejo Moruno and JoséFrancisco Rangel Preciado IS–LM model 254 Fernando Toledo and Demian T. Panigo Job guarantee 255 Esteban Cruz Hidalgo, Francisco M. Parejo Moruno and José Francisco Rangel Preciado Kaleckian economics 257 John E. King Keynes effect 258 Peter Docherty Keynes Plan 259 Sergio Rossi Keynesian cross diagram 261 Maurizio Solari Kuznets curve 263 Daniela Tavasci Land rents 264 Dirk Löhr and Oliver Richters Lender of last resort 265 Ted P. Schmidt Lexicographic preferences 266 Anil Aba Limits to substitution revisited: energy 267 Oliver Richters Liquidity preference 268 Suranjana Nabar-Bhaduri Mark-up pricing 270 Jordan Melmiès and Florian Botte Maturity and Stagnation in American Capitalism 271 Fernando Rugitsky Methodology 272 Sheila Dow Microfoundations 274 John E. King Military Keynesianism 275 John E. King Modern money theory 276 Shakuntala Das Monetary circuit 278 Edouard Cottin-Euziol and Louis-Philippe Rochon Monetary circuit French School 279 Alain Parguez Monetary circuit Italian School 280 Marco Veronese Passarella Monetary integration 282 Guillaume Vallet and Hamed Karamoko Monetary policy 283 Peter Docherty Monetary policy dominance 285 Fábio Terra Monetary policy transmission mechanism 286 Devrim Yilmaz Monetary theory of production 287 Alain Parguez and Slim Thabet Money and banking 288 Jo Michell Money as a means of payment 290 Sergio Rossi Money creation history of 292 Wesley C. Marshall Money creation nature of 293 Maurizio Solari Money illusion 295 Robert W. Dimand Money in Motion 296 Enrique Delamónica Monopoly Capital 298 Peter Kriesler Monopoly power 299 Ilhan Dögüs NAIRU 301 Corrado Di Guilmi Negative interest rate policy 302 Guillaume Vallet and Louis-Philippe Rochon Neoclassical economics 303 Hassan Bougrine Neo-liberalism 305 Anil Aba New Consensus in Macroeconomics 306 Alvaro Martín Moreno Rivas New fiscalism 308 Wesley C. Marshall New Keynesianism 309 Esteban Pérez Caldentey Non-ergodicity 310 Matheus Grasselli Okun’s law 312 Antonella Palumbo, Claudia Fontanari and Chiara Salvatori Oligopoly and Technical Progress 313 Joseph Halevi Open economy macro models 314 Robert A. Blecker Orthodox dissenters 316 Diego Guevara Overdraft economies 317 Severin Reissl Paradox – Kalecki’s 319 Peter Kriesler Paradox of costs 321 YK Kim Paradox of debt 321 YK Kim Paradox of liquidity 322 Lídia Brochier Paradox of thrift 324 Robert H. Scott Paradox of tranquillity 325 Eugenio Caverzas Pasinetti’s index 326 Sylvio Antonio Kappes Pasinetti’s paradox 327 Alex Pelham Phillips curve 328 Florent McIsaac and Luis Reyes Ponzi finance 330 Ted P. Schmidt Post-Keynesian economics – a big tent? 331 John E. King Post-Keynesian economics and Marxian economics 333 Jelle Versieren Post-Keynesian social policy 334 Enrique Delamónica Power 336 Camilo Andrés Guevara Pricing 338 Jordan Melmiès and Florian Botte Principle of increasing risk 339 Aleksandr V. Gevorkyan Production of Commodities by Means of Commodities 341 Enrico Sergio Levrero Profit 342 Laurent Cordonnier Property premium 343 Frank Decker Property theory of money 344 Frank Decker Public finance 346 Camilo Andrés Guevara Quantitative easing 347 Vijayaraghavan Ramanan Quantum macroeconomics 349 Sergio Rossi Rationality 350 Roderick O’Donnell Reflux mechanism 352 Vijayaraghavan Ramanan and Louis-Philippe Rochon Regional economic integration and free trade agreements 353 Mohamed Aslam Regulation School 355 Matthieu Montalban Remittances 357 Salewa Olawoye-Mann Rentier income 358 Hanna Szymborska Reserves – role of 359 Domenica Tropeano Satisficing 361 J. Barkley Rosser, Jr. Savings 362 Orsola Costantini Secular stagnation 363 William E. McColloch Securitization 365 Carryl Oberson Selected Essays on the Dynamics of Capitalist Economy 1933–1970 367 Malcolm Sawyer Settlement balances 368 Edoardo Beretta Settlement system 369 Edoardo Beretta Shadow banking – extent of 371 Rudy Bouguelli Shadow banking – origins 373 Alicia Girón Social classes 374 John E. King Socialization of investment 376 Roderick O’Donnell Sraffian economics 377 Attilio Trezzini Stabilizing an Unstable Economy 379 Aleksandr V. Gevorkyan Stagflation 380 Nathaniel Cline Stagnation policy 382 Eckhard Hein State – entrepreneurial 384 Slim Thabet State – role of 385 David M. Fields Stock–flow consistent models 386 Antoine Godin Structural economic dynamics 388 Luigi L. Pasinetti and Nadia Garbellini Structuralism 389 Amitava Dutt Structuralism and post-Keynesianism 390 Esteban Pérez Caldentey Structuralism – Latin American 392 Fernando Rugitsky Subprime financial crisis 393 Eugenio Caverzasi Supermultiplier 395 Ricardo Summa Sustainable development 396 Jerry Courvisanos Target-return pricing 398 Jordan Melmiès and Florian Botte TARGET2 system 399 Sergio Rossi Technological change 400 Nicola De Liso Terms of trade 401 Fernando Rugitsky The Accumulation of Capital 403 William E. McColloch The Great Transformation 404 Gareth Dale The Path of Economic Growth 406 Joseph Halevi The Scourge of Monetarism 407 Peter Docherty The Structure of Post-Keynesian Economics 409 Joseph Halevi and Peter Kriesler The Theory of the Leisure Class 410 Christos Pierros Thirlwall’s law 412 Esteban Pérez Caldentey Tobin tax 413 Gonzalo Combita Mora Too-big-to-fail financial institutions 414 Carryl Oberson Trade and development 416 Amitava Dutt and Najib Khan Trade cycles 417 Esteban Cruz Hidalgo, Francisco M. Parejo Moruno and José Francisco Rangel Preciado Transformational growth 418 Enrique Delamónica Transmission mechanism of monetary policy – income distribution 420 Sylvio Antonio Kappes Traverse, path dependency, and economic dynamics 421 Ettore Gallo Traverse, path dependency, and economic equilibrium 423 Peter Kriesler Twin deficits 424 Vincent Duwicquet Uncertainty 426 Amitava Dutt Uncertainty – ontological and epistemological accounts 427 Roderick O’Donnell Unemployment 428 Flavia Dantas Universal basic income 431 Marshall Steinbaum Veblen effect 433 Guglielmo Forges Davanzati Verdoorn’s law 434 Alvaro Martín Moreno Rivas Wages 436 Enrico Sergio Levrero Washington Consensus 437 Mario Cedrini Wealth distribution 439 Fernando Rugitsky Wealth effect 440 Vera Dianova Zero interest rate policy 441 Paolo Paesani Index 444

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Book SynopsisThis insightful Modern Guide offers a broad coverage of questions and controversies encountered by contemporary economists. A refreshing approach to philosophy of economics, chapters comprise a range of methodological and theoretical perspectives, from lab and field experiments to macroeconomics and applied policy work, written using a familiar, accessible language for economists. Highlighting key areas of methodological controversy, the Modern Guide looks at estimating utility functions in choice data, causal modelling, and ethics in randomised control trials. Chapters further explore topical issues, including: economists' attitudes to other disciplines; gender bias in economic research; methods of modelling social influence in economics; behavioural welfare economics; anti-poverty policy controversies; and inflexible reliance on DSGE models in macroeconomics. Furthermore, it explores the implications of the last financial crisis for macroeconomic confidence, and ways to adapt abstract theory to everyday policy advice. Avoiding philosophical jargon, and with the majority of chapters written by economists, this Modern Guide will challenge economists and scholars of philosophy of economics to engage with different approaches to the topic. This will also be a useful tool for policy makers administering nudges, development initiatives, macro-forecasting and monetary policy.Trade Review'This collection of essays is a naturalist take on modern attitudes to the theory and practice of economics. The contributors are naturalists in the sense that biologists understand the term--they comment on what is actually going on in the world of economic research, and how it fits into a general scheme of things. They are modern in the sense that they are not turning over the same old ground, but genuinely thinking anew about the future of economics. Anybody interested in the philosophy of economics will find plenty to agree and disagree with in this timely collection.' -- Ken Binmore, University College London, UKTable of ContentsContents: 1 Introduction: useful philosophy of economics 1 Harold Kincaid and Don Ross 2 Utility measurement: some contemporary concerns 14 Nathaniel T. Wilcox 3 Making progress on causal inference in economics 28 Harold Kincaid 4 Experimental design and Bayesian interpretation 66 Glenn W. Harrison 5 Randomised trials in economics 90 Seán M. Muller 6 Are economists’ self-perceptions as epistemically superior self-defeating? 127 Jack Wright 7 Gender biases in economics 146 Julie A. Nelson 8 On the foundations of behavioural and experimental economics 157 Andreas Ortmann 9 Modelling Homo sociologicus : social influence and interdependent behaviour in economics 182 Michiru Nagatsu 10 Welfare economics in large worlds: welfare and public policies in an uncertain environment 208 Guilhem Lecouteux 11 Poverty measurement and mitigation: a case study of contestation and compromise in South Africa 234 Julian May 12 Core models in macroeconomics 254 Aki Lehtinen 13 The nature of DSGE macroeconomics 284 Alex Rosenberg 14 Theory and evidence as drivers of economists’ opinions regarding the impact of fiscal stimulus 312 Edward E. Leamer and Sumit Shinde 15 Everyday economics 343 Don Ross and Matthew Townshend Index

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Book SynopsisThis pioneering Handbook offers a state-of-the-art exploration of the social structure of accumulation theory, a leading theory of stages of capitalism, expertly summarising its development to date. It breaks new ground in several areas, including econometric evidence for the theory and developing institutional analyses of technology and the environment.Expert international contributors offer an in-depth treatment of the theory of social structures of accumulation, extending this analysis to areas of the world where the application of the theory has previously been underexplored such as Western and Eastern Europe, Latin America, and India. It offers a detailed discussion of global neoliberalism, and many of the important individual institutions constituting social structures of accumulation, including in the areas of criminal justice, urban policy, technology, and corporate management.Thought-provoking and insightful, the new ground covered in this Handbook will be a key resource for heterodox economists who are interested in social structures of accumulation, long waves, and stages of capitalism. The comprehensive background analysis on current issues will also be of interest to sociologists,political scientists, and historians.Trade Review‘Numerous commentators have been asking whether capitalism is entering a new phase, defined by the decline of neoliberalism and its replacement by authoritarian or social democratic institutions. The Social Structure of Accumulation literature, which has long addressed the question of institutional change under capitalism, provides a rigorous academic underpinning for such a debate. This new collection provides numerous fresh perspectives on the SSA approach from a variety of academic disciplines. It will be very useful for scholars who are new to the SSA literature and to those who want to be updated.’ -- Michael Reich, University of California at Berkeley, USTable of ContentsContents: 1 Introduction to Handbook on Social Structure of Accumulation Theory 1 Terrence McDonough, Cian McMahon and David M. Kotz PART I THEORY AND EMPIRICS THEORY 2 Social Structure of Accumulation theory 15 Terrence McDonough ECONOMETRICS 3 Econometric analysis of long swings: the relevance of nonperiodic methods 34 Jonathan Goldstein PART II REGIONS UNITED STATES 4 A comprehensive approach to SSA analysis: an oscillating pattern of crisis in US economic history 62 Daniel E. Saros WESTERN EUROPE 5 Social Structure of Accumulation theory and Europe 80 Terrence McDonough and Pedro Rey-Araujo EASTERN EUROPE 6 From one crisis to the next: social structures of accumulation and capitalist development in Eastern Europe 101 Besnik Pula LATIN AMERICA 7 Globalization without neoliberalism? Social structures of accumulation and the Latin American Pink Tide 117 David B. Feldman MIDDLE EAST AND NORTH AFRICA 8 Social structures of accumulation in the Middle East and North Africa 135 Fred H. Lawson INDIA 9 India’s informal capitalism: social structures of accumulation, forms of exploitation and social reproduction in the Sweatshop Regime 152 Alessandra Mezzadri PART III GLOBAL NEOLIBERALISM 10 Global neoliberalism and its crisis 170 David M. Kotz NEOLIBERALISM 11 Neoliberalism: theory, contradictions and future developments 190 Alessandro Bonanno GLOBALIZATION 12 Crisis in the era of neoliberal globalization: a global capitalism perspective 207 Shawn Nichols FINANCIALIZATION 13 Financialization, a key contradiction of the neoliberal social structure of accumulation 224 William K. Tabb LABOR RELATIONS 14 Social structures of accumulation and labor in the United States since World War II 243 Samuel Rosenberg PART IV OTHER KEY INSTITUTIONS CRIMINOLOGY 15 Criminology and Social Structure of Accumulation theory: a critical intersection 263 Susan M. Carlson and Raymond J. Michalowski WELFARE STATE 16 Social structures of accumulation and the US welfare state 281 Mimi Abramovitz URBAN POLICY 17 Social structures of accumulation, cities and urban policy 303 Benno Engels CORPORATIONS AND MANAGEMENT 18 Management, corporate form and the financial social structure of accumulation 327 Harland Prechel TECHNOLOGY 19 Technology as a social institution in SSA theory 344 Mark Dean ENVIRONMENT 20 Social Structure of Accumulation and sustainability: bringing social‒ ecological relations in 368 Cian McMahon and Terrence McDonough Index

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Book SynopsisThe writings of Thomas Robert Malthus continue to resonate today, particularly An Essay on the Principle of Population which was published more than two centuries ago. Malthus Across Nations creates a fascinating picture of the circulation of his economic and demographic ideas across different countries, highlighting the reception of his works in a variety of nations and cultures. This unique book offers not only a fascinating piece of comparative analysis in the history of economic thought, but also places some of today's most pressing debates into an accurate historical perspective, thereby improving our understanding of them. Providing a complex and multi-faceted analysis of the reception and dissemination of the works of Malthus, this book examines how his approach was misunderstood and distorted throughout his lifetime and beyond. It illuminates the different ways in which groups of actors, including laymen, politicians and experts, have reacted to his work in specific historical and intellectual contexts, and with particular theoretical, political and moral concerns. Detailed breakdowns of the main controversies over his work are also explored. An insightful read for scholars studying economics and history of economic thought, this book guides readers from Malthus's original publications to their continuing impact today. This will also be a useful volume for ethics, political thought and intellectual history students. Contributors include: D. Andrews, J.L. Cardoso, D. Donnini Macciò, G. Faccarello, C. Gehrke, M. Izumo, M. Markov, D. Melnik, A. Mendes Cunha, H. Morishita, R. Romani, J. San Julián Arrupe, R. WalterTable of ContentsContents: Introduction: Malthus across nations 1 Gilbert Faccarello, Masashi Izumo and Hiromi Morishita 1 Malthus’s principle of population in Britain: restatement and antiquation 18 Ryan Walter 2 The reception of Malthus’s Essay on Population in the United States 53 David Andrews 3 ‘Enlightened Saint Malthus’ or the ‘gloomy Protestant of dismal England’? The reception of Malthus in the French language 83 Gilbert Faccarello 4 The reception of Malthus in Germany and Austria in the 19th century 174 Christian Gehrke 5 Malthus’s Italian incarnations, 1815–1915 236 Daniela Donnini Macciò and Roberto Romani 6 The reception of Malthus in Spain and Spanish-speaking Latin America 274 Javier San Julián Arrupe 7 The reception and appropriation of Malthus in Portugal and Brazil 324 José Luís Cardoso and Alexandre Mendes Cunha 8 The reception of Malthus in Russia 359 Maxim Markov and Denis Melnik 9 The reception of Malthus in Japan 400 Masashi Izumo and Hiromi Morishita Name index 453

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Book SynopsisTeaching the Essentials of Law and Economics covers the core areas of law and economics, also known as the economic analysis of law, in non-technical terms with guiding notes throughout the text. Replete with cases and illustrations, it may be used both as a lecture guide for instructors, and as a basic text for students. The author provides an up-to-date and succinct account of the application of economic analysis to legal doctrines, institutions and legal reform. Classic cases taken from Anglo-American common law, with some consideration of civil law, along with more recent material, are used to illustrate the analysis. The book has a non-technical, built-in system designed to guide teaching as well as private study of the material. Professors and instructors teaching this growing field of inquiry as well as legal scholars interested in the influence of economics on American law, economists analyzing the incentive structure of legal systems and doctrines, public-policy students considering legal reform and judges and legal personnel seeking a succinct treatment of economics of law will be indebted to the author for this guide to Teaching Essentials of Law and Economics.Trade Review'Professor Antony Dnes has written a few books in Law and Economics to general audiences in the last decades. But this is not just another book introducing law and economics to lawyers, economists, social scientists and policy makers. This is a different book in teaching the essentials of law and economics. Why different? The reason is that it provides for a unique combination of the standard introduction to law and economics, as typically taught in advanced degrees in universities across the world, with a novel approach to focusing on fundamental concepts and practical examples. Furthermore, each chapter concludes with a thorough state-of-the-art literature review offering different perspectives. The book can be explored alongside more traditional study materials, thus benefitting students and instructors. It can be used by legal practitioners as a quick access to specific topics or notions in law and economics. It can be read by the general public looking for a simple, yet rigorous, explanation for economic insights to legal policy.' --Nuno Garoupa, George Mason University, USTable of ContentsContents Preface 1. What is “Law and Economics?” 2. Property rights. 3. Conflicts over property rights 4. Contracts, information and trade 5. Breach of contract 6. Essential economics of tort law 7. Crime and punishment Index

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Book SynopsisThis accessible and comprehensive textbook explores the role of advertising in the marketplace. It investigates how firms' advertising strategies are informative, persuasive or add value to the product advertised. The book explains in detail empirical methodologies used to identify the impact of advertising on consumer demand and on market structure, and reviews some recent empirical findings. It concludes with an in-depth exploration of digital advertising and auctions along with a framework for current antitrust investigations into two-sided platforms (Google, Facebook) that are funded by advertising revenues.How advertising works in the marketplace, and whether it works well, is a complex question to address because there are three sets of players involved–the firms that advertise their products, the potential consumers who view the ads and the platform or medium that intermediates between them. Understanding how these three sets of players interact is the key to understanding the role of advertising in a market economy. The book begins by looking at the rise of advertising in market economies, a phenomenon not accounted for in standard textbook microeconomic models and carefully explains why. This is followed by an examination, both theoretical and empirical, of how firms strategically use advertising to reach consumers and expand the demand for their products. There are also chapters focused on the challenges of deceptive advertising and regulation. The final chapters investigate how two-sided platforms, such as Google and Facebook, are sustained by advertising revenues, and include a review of auction theory and the structure of advertising auction exchanges. These chapters also provide a detailed analysis of public policy issues, including media bias and antitrust concerns.While designed for use by students in any course that covers the economics of advertising, this book is also an excellent resource for any reader interested in a deeper understanding of this important topic.Trade Review‘Pepall and Richards have provided a long-overdue resource on advertising and its effects, based on economic theory and lavishly illustrated with examples and illustrations. It presents a valuable complement to advertising management based on communications or behavioral theory. The book should be of interest to students and researchers in both economics and advertising, and its unique economic perspective suggests future research directions for doctoral students and young research scholars in these areas.’ -- C Anthony Di Benedetto, Journal of International Consumer Marketing'This topical text bridges economics and marketing and broaches the new economics of platforms too, expounding both theory and empirics at an upper-year undergraduate level. It covers seminal contributions from the classics to the most recent in this vibrant, evolving, and increasingly important field.' -- Simon P. Anderson, University of Virginia, US'Economics has, over the last few decades, increasingly ceded the study of advertising to the field of marketing. This excellent text by Pepall and Richards is once again staking a claim for economics and its particular methodology on this important territory. I expect it to become a classic.' -- Sara Fisher Ellison, Massachusetts Institute of Technology, US'Advertising and the Marketplace by Pepall and Richards is a fully comprehensive, incredibly careful, and long-overdue economic study of advertising. It covers substance and methodology, theory and empirics, policy and examplesBall with the readability and flair we expect from two prominent economists who have long studied this topic. It should be read by all industrial organization economists and students, but also those in business schools, public policy programs, and other disciplines interested in, and sometimes concerned with, the impact of advertising on economic and social life.' -- John Kwoka, Northeastern University, USTable of ContentsContents: Introduction to Advertising and the Marketplace: An Economics Perspective 1. Foundations 2. The Rise of Advertising and the Economics of Advertising 3. Advertising and the Value of Information 4. Non-Informative Advertising, Consumer Behavior, and Welfare 5. Advertising and Competition 6. Advertising and Consumer Behavior: Empirical Evidence 7. Empirical Evidence on Advertising and Market Outcomes 8. Deceptive Advertising and Puffery 9. Advertising, Signaling, and Product Quality 10. Networks, Platforms, and Advertising 11. Platforms Advertising: Pricing and Profitability 12. Platforms, Advertising, and Competition Policy Index

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Book SynopsisThis accessible and comprehensive textbook explores the role of advertising in the marketplace. It investigates how firms' advertising strategies are informative, persuasive or add value to the product advertised. The book explains in detail empirical methodologies used to identify the impact of advertising on consumer demand and on market structure, and reviews some recent empirical findings. It concludes with an in-depth exploration of digital advertising and auctions along with a framework for current antitrust investigations into two-sided platforms (Google, Facebook) that are funded by advertising revenues.How advertising works in the marketplace, and whether it works well, is a complex question to address because there are three sets of players involved–the firms that advertise their products, the potential consumers who view the ads and the platform or medium that intermediates between them. Understanding how these three sets of players interact is the key to understanding the role of advertising in a market economy. The book begins by looking at the rise of advertising in market economies, a phenomenon not accounted for in standard textbook microeconomic models and carefully explains why. This is followed by an examination, both theoretical and empirical, of how firms strategically use advertising to reach consumers and expand the demand for their products. There are also chapters focused on the challenges of deceptive advertising and regulation. The final chapters investigate how two-sided platforms, such as Google and Facebook, are sustained by advertising revenues, and include a review of auction theory and the structure of advertising auction exchanges. These chapters also provide a detailed analysis of public policy issues, including media bias and antitrust concerns.While designed for use by students in any course that covers the economics of advertising, this book is also an excellent resource for any reader interested in a deeper understanding of this important topic.Trade Review‘Pepall and Richards have provided a long-overdue resource on advertising and its effects, based on economic theory and lavishly illustrated with examples and illustrations. It presents a valuable complement to advertising management based on communications or behavioral theory. The book should be of interest to students and researchers in both economics and advertising, and its unique economic perspective suggests future research directions for doctoral students and young research scholars in these areas.’ -- C Anthony Di Benedetto, Journal of International Consumer Marketing'This topical text bridges economics and marketing and broaches the new economics of platforms too, expounding both theory and empirics at an upper-year undergraduate level. It covers seminal contributions from the classics to the most recent in this vibrant, evolving, and increasingly important field.' -- Simon P. Anderson, University of Virginia, US'Economics has, over the last few decades, increasingly ceded the study of advertising to the field of marketing. This excellent text by Pepall and Richards is once again staking a claim for economics and its particular methodology on this important territory. I expect it to become a classic.' -- Sara Fisher Ellison, Massachusetts Institute of Technology, US'Advertising and the Marketplace by Pepall and Richards is a fully comprehensive, incredibly careful, and long-overdue economic study of advertising. It covers substance and methodology, theory and empirics, policy and examplesBall with the readability and flair we expect from two prominent economists who have long studied this topic. It should be read by all industrial organization economists and students, but also those in business schools, public policy programs, and other disciplines interested in, and sometimes concerned with, the impact of advertising on economic and social life.' -- John Kwoka, Northeastern University, USTable of ContentsContents: Introduction to Advertising and the Marketplace: An Economics Perspective 1. Foundations 2. The Rise of Advertising and the Economics of Advertising 3. Advertising and the Value of Information 4. Non-Informative Advertising, Consumer Behavior, and Welfare 5. Advertising and Competition 6. Advertising and Consumer Behavior: Empirical Evidence 7. Empirical Evidence on Advertising and Market Outcomes 8. Deceptive Advertising and Puffery 9. Advertising, Signaling, and Product Quality 10. Networks, Platforms, and Advertising 11. Platforms Advertising: Pricing and Profitability 12. Platforms, Advertising, and Competition Policy Index

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Book SynopsisExploring the modern approach to the economics of happiness, which came about with the Easterlin Paradox, this book analyses and assesses the idea that as a country gets richer the happiness of its citizens remains the same. The book moves through three distinct pillars of study in the field: first analysing the historical and philosophical foundations of the debate; then the methodological and measurements issues and their political implications; and finally empirical applications and discussion about what determines a happy life.A Modern Guide to the Economics of Happiness extends the concept of happiness to that of wellbeing, offering an inquiry into well-being within the paradigm of complex systems. It draws together both recent developments in studies on the economics of happiness as well as its historical roots, covering the concept of Eudaimonia, Aristotle’s theories and the important contribution of Italian economists. Critical case studies look at the relationship between physical activity and wellbeing, the value of family for life satisfaction, and the role of social capital for migrant acceptance.An invigorating read for economics and psychology scholars, this book will also be of interest to those researching welfare and development economics.Table of ContentsContents: 1 Happiness and wellbeing: past foundations, modern evidence and future paths 1 Luigino Bruni, Dalila De Rosa and Alessandra Smerilli 2 What future happiness research? 17 Bruno Frey PART I HISTORICAL AND PHILOSOPHICAL PERSPECTIVES ON THE ECONOMICS OF HAPPINESS 3 Aristotle, eudaimonia, neuroscience and economics 29 Jeffrey Sachs 4 The economics of eudaimonia 46 Maurizio Pugno 5 Felicitas publica : the southern spirit of capitalism 67 Luigino Bruni 6 ‘Naturaliter homo homini amicus est’: economy, happiness and relationships in Aquinas’ thought 95 Paolo Santori PART II METHODS AND POLICY IMPLICATIONS FOR THE ECONOMICS OF HAPPINESS 7 Complexity and wellbeing: measurement and analysis 113 Filomena Maggino and Leonardo Salvatore Alaimo 8 Growth and happiness in China, 1990–2015 129 Richard A. Easterlin, Fei Wang and Shun Wang 9 Economic growth and well-being beyond the Easterlin paradox 162 Francesco Sarracino and Kelsey J. O’Connor PART III EMPIRICAL APPLICATIONS IN THE ECONOMICS OF HAPPINESS 10 The effect of physical activity on subjective well-being: the case for exercise 190 Mario Lucchini, Egidio Riva and Luca Crivelli 11 Standing together: is family a resilience factor for subjective wellbeing? 215 Dalila De Rosa and Matteo Rizzolli 12 Cooperatives and happiness: cross-country evidence on the role of relational capital 243 Luigino Bruni, Dalila De Rosa and Giovanni Ferri 13 The relationship between migrant acceptance and wellbeing: evidence from the Gallup Migrant Acceptance Index 279 Neli Esipova, Julie Ray and Anita Pugliese Index 305

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Book SynopsisTerritorial political organisation forms the backbone of western liberal democracies. However, political economists are increasingly aware of how this form of government neglects the preferences of citizens, resulting in dramatic conflicts. The Political Economy of Non-Territorial Exit explores the theoretical possibility of 'unbundling' government functions and decentralising territorial governance. Employing a variety of theoretical approaches, including new institutional economics, comparative analysis, public choice and Hayekian political economy, Trent J. MacDonald investigates the prospects of a government that separates its traditional functions and decentralises control to non-territorial jurisdictions. Following the history of political-economic thought, the author uncovers an extensive history of non-territorial governance, and provides insight into present-day examples. He emphasises the political mechanism of 'non-territorial secession' and the emerging phenomenon of 'cryptosecession' as the theoretical future of governance. Through an extension of the Coase theorem, this intricate book examines how political systems and jurisdictions change, developing a new theory of spontaneous order. A provocative and enlightening investigation of modern political organisation, MacDonald's vast study is an ideal theoretical guide for scholars and students of political economy. This book also contains critical ideas for policy-makers seeking guidance for the future of political organisation in an increasingly non-territorial world. 'Non-territorial exit (by cryptosecession) may well be the predominant means of political reorganisation in the world of tomorrow. Trent MacDonald has written a highly original, engaging and deeply profound book analysing how this might work and what it implies for economics, society and politics. A hugely important new idea.' - Jason Potts, RMIT University, AustraliaTrade Review‘This book is a beautiful example of how Austrian economics, Public Choice theory, and New Institutional economics can help us better understand the world around us. MacDonald offers us a radical way to restructure governance and move away from an approach that centers territorial nation states. Moreover, he provides analytical frameworks for understanding the world we live in today.’ -- Nathan Goodman, The Review of Austrian Economics'''Creative'' does not begin to describe MacDonald s contribution. He ably combines political economy with an impressive knowledge of political theory, history, and technology, developing both novel theoretical insights and some inventive - and radical! - institutional designs. Political economy scholars of all stripes will find ideas worth engaging in this book.' --Adam Martin, Texas Tech University, US'MacDonald masterfully unbundles the state with theoretical rigor. He gives voice to the economic efficiency of lowering the costs of political exit by de-territorializing the state. This is the most detailed and thorough contemporary argument for Panarchy, non-territorial states founded on contractual agreements. This book is fascinating for readers interested in the political possibilities opened by globalization, the internet, and cryptocurrencies. Economists, political and social theorists and philosophers, historians of ideas, and legal scholars interested in sovereignty and secession would benefit greatly from this interdisciplinary study.' --Aviezer Tucker, Harvard University, US and co-editor, Panarchy: Political Theories of Non-Territorial States'There is no reason to expect the awkward bundles of obligations called ''states'' to be economically efficient or politically stable. Trent MacDonald presents an ambitious unpacking of ''sovereignty,'' based on ''non-territorial unbundling.'' This seems impossibly radical, but modern ''states'' have only existed for 400 years. Anyone who wants to understand the next 400 years should read this book, right away.' --Michael C. Munger, Duke University, USTable of ContentsContents: Introduction Preface 1. Economic theory of non-territorial unbundling 2. History of an idea 3. The political-jurisdictional Coase theorem 4. Political-jurisdictional possibilities and transitions 5. Theory of non-territorial internal exit 6. Spontaneous order in the formation of non-territorial political jurisdictions Summary and conclusion References Index

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Book SynopsisDavid Colander has been writing about economic methodology for over 30 years. His pragmatic approach sees applied policy methodology as rooted in what economists actually do, not in what methodologists say they should do. It sees applied policy methodology as constantly evolving as analytic and computational technology changes, evolving far too fast to be subject to any rigid scientific methodology.That problem is that economists generally think of applied policy analysis as applied science. Colander argues that using a scientific methodology to guide applied policy undermines good policy analysis. Instead, he contends that economists should use a much looser engineering methodology that blends science, heuristics, inescapable moral judgments, and creativity into what he calls the art and craft of economics. Here, Huei-chun Su has selected seventeen of Colander's articles that spell out and capture his arguments at various levels - some formal academic articles dealing with cutting edge methodology, and some more popular articles making the case for his approach. An original introduction and annotated bibliography serve as excellent resources for further exploring his arguments. Clear, well-structured, and written in plain English with little jargon, the book is approachable and suitable for anyone interested in the current and future state of economics and the economics profession. This includes students at any level as well as methodologists, applied economists, historians and critics of modern economics.Trade Review'How Economics Should Be Done is an excellent book that discusses the methodological approaches of economics and economic policy.. . . The text demonstrates how a better understanding of the methodological framework used in economics and the economic profession can help the reader to have a better insight into the ways that real-world problems can be better approached and investigated.' --Economic IssuesTable of ContentsContents: Preface Introduction Part I Methodological Framework and Methodology For Economic Policy As Art 1. “Why Aren’t Economists as Important as Garbagemen?” 2. ‘Vision, Judgment, and Disagreement among Economists’ 3. ‘Retrospectives: The Lost Art of Economics’ 4. ‘The Systemic Failure of Economic Methodologists’ 5. ‘The Death of Neoclassical Economics’ Part II Methodology for Microeconomics 6. ‘Applied Policy, Welfare Economics, and Mill’s Half-truths’ 7. ‘A Failure to Communicate: The Fact-Value Divide and the Putnam-Dasgupta Debate’ 8. ‘Framing the Economic Policy Debate’ 9. ‘Complexity economics and workaday economic policy’ Part III Methodology For Macroeconomics 10. ‘The Macrofoundations of Micro’ 11. ‘Post Walrasian Macro Policy and the Economics of Muddling Through’ 12. ‘How Economists Got It Wrong: A Nuanced Account’ 13. ‘Economists, Incentives, Judgment, and the European CVAR Approach to Macroeconometrics’ 14. ‘Beyond DSGE Models: Toward an Empirically Based Macroeconomics’ Part IV Pragmatic Methods For Doing Economics As A Profession 15. ‘Written Testimony of David Colander, Submitted to the Congress of the United States, House Science and Technology Committee, July 20th, 2010’ 16. ‘Moving Beyond the Rhetoric of Pluralism: Suggestions for an “Inside-the-Mainstream” Heterodoxy’ 17. ‘Creating Humble Economists: A Code of Ethics for Economists’ Annotated Bibliography of Colander’s Methodological Work List of Book Reviews

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Book Synopsis'This wise and lucid guide to pluralism in economics embodies the values of its cause. Generous, open-minded, fair, accurate and accessible: John Harvey's new book is a fine achievement that every economics major should read.'- James K. Galbraith, The University of Texas at Austin, USJohn Harvey's accessible book provides a non-technical yet rigorous introduction to various schools of thought in economics. Premised on the idea that economic thinking has been stunted by the almost complete rejection of anything outside the mainstream, the author hopes that this volume will open readers' minds and lead them in new and productive directions. In his exploration of Neoclassical, Marxist, Austrian, Post Keynesian, Institutionalist, New Institutionalist and Feminist schools of thought, unique features of each approach are highlighted, complemented by discussions of methodology, world views, popular themes, and current activities. Accurate and impartial, every chapter covering a heterodox school of thought has been vetted by an acknowledged expert in that field. Though written for use in undergraduate courses, this guide will no doubt offer a great deal to any scholar wishing to gain a fresh perspective and greater understanding of the variety and breadth of current economic thinking.Trade ReviewFifty years ago I used Robert L. Heilbroner's The Worldly Philosophers to get students excited about economics. Today I would use John T. Harvey's Contending Perspectives in Economics. The book is beautifully written and full of insights into who economists are and why they think the way they do. --Paul D. Bush, California State UniversityEconomics is a mess. Oppositional clans (''schools''), pseudo-science, corruption of various kinds and relentless disdain for the real-world predominate. If you are thinking of entering this war-zone, then reading John Harvey's Contending Perspectives in Economics is your best bet for retaining your intellectual health. --Edward Fullbrook, University of the West of England, UKI just finished reading the book! I feel like I learned so much from it, and not just in terms of the information itself. As I read, it stimulated so much thought I found myself writing many pages on things I'd never even thought about! --Marcus Schiebold, Economics Undergraduate Student, University of North TexasTable of ContentsContents: 1. Introduction 2. Economics as a scientific discipline 3. Neoclassical economics 4. Marxism 5. Austrian economics 6. Post Keynesian economics 7. Institutionalism 8. New Institutionalism 9. Feminist economics 10. Ecological Economics 11. Conclusions Index

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Book SynopsisThe second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.Key features of this textbook include: A non-conventional understanding of economic analysis on a number of relevant topics A new analysis of the state of macroeconomics Deep and convincing criticism of orthodox thinking Discussion of the crucial importance of money, banking and finance today New discussions of the theories of consumption and investment Analysis of the roots of the 2008 global financial crisis A presentation of the features of sustainable development. Students of economics at all levels can use this textbook to deepen their understanding of the heterodox approach, the fundamental roots of the 2008 global financial crisis and the need to rethink economics afresh.Trade Review‘This book is a comprehensive textbook of macroeconomics that can be easily regarded as one of the top scholarly contributions made in recent years to introduce readers to the realm of political economy. Contributors include among the best Keynesian economists and historians of economic thought. This book pushes the frontier of knowledge and its reading seems to be a required step for the inquisitive reader.’ -- Andrea Carrera, Review of Political Economy'The challenges of ameliorating enduring inequalities and supporting an inclusive recovery from the Covid-19 crisis necessitate new understandings of macroeconomic dynamics and policy innovations. This invaluable volume brings together some of the world's leading macroeconomists to advance these critical aims at what may turn out to be a turning point in the profession.' -- Ilene Grabel, University of Denver, US, author of When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence'Now that this excellent heterodox book is into a second edition there are only two choices; read it, or continue to be ''deceived by economists''.' -- John Smithin, York University and Aurora Philosophy Institute/Institut philosophie Aurora, CanadaTable of ContentsContents: Introduction: the urgent need for a heterodox approach to economic analysis 1 Louis-Philippe Rochon and Sergio Rossi PART I ECONOMICS, ECONOMIC ANALYSIS AND ECONOMIC SYSTEMS 1 What is economics? 25 Louis-Philippe Rochon and Sergio Rossi 2 The state of macroeconomics 51 Louis-Philippe Rochon and Sergio Rossi 3 The history of economic theories 80 Heinrich Bortis 4 Monetary economies of production 122 Louis-Philippe Rochon PART II MONEY, BANKS AND FINANCIAL ACTIVITIES 5 Money and banking 151 Marc Lavoie and Mario Seccareccia 6 The financial system 176 Jan Toporowski 7 Central banking and monetary policy 200 Louis-Philippe Rochon and Sergio Rossi PART III THE MACROECONOMICS OF THE SHORT AND LONG RUN 8 Theories of consumption 233 Stavros A. Drakopoulos 9 Theories of investment 268 Thomas Dallery 10 Aggregate demand 307 Jesper Jespersen 11 Inflation and unemployment 331 Alvaro Cencini and Sergio Rossi 12 The role of fiscal policy 355 Malcolm Sawyer 13 Economic growth and development 376 Mark Setterfield 14 Wealth distribution 402 Omar Hamouda PART IV INTERNATIONAL ECONOMY 15 International trade and development 437 Robert A. Blecker 16 Balance-of-payments constrained growth 469 John McCombie and Nat Tharnpanich 17 European monetary union 494 Sergio Rossi PART V RECENT TRENDS 18 Financialization 517 Gerald A. Epstein 19 Imbalances and crises 540 Robert Guttmann 20 Sustainable development 566 Richard P.F. Holt 21 Conclusion: do we need microfoundations for macroeconomics? 593 John King Answers 618 Index 633

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Book SynopsisThe second edition of this important textbook introduces students to the fundamental ideas of heterodox economics. It is written in a clear way by top heterodox scholars. This introductory book offers not only a critique of the dominant approach to economics, but also presents a positive and constructive alternative. Students interested in an explanation of the real world will find the heterodox approach not only satisfying, but ultimately better able to explain a money-using economy prone to periods of instability and crises.Key features of this textbook include: A non-conventional understanding of economic analysis on a number of relevant topics A new analysis of the state of macroeconomics Deep and convincing criticism of orthodox thinking Discussion of the crucial importance of money, banking and finance today New discussions of the theories of consumption and investment Analysis of the roots of the 2008 global financial crisis A presentation of the features of sustainable development. Students of economics at all levels can use this textbook to deepen their understanding of the heterodox approach, the fundamental roots of the 2008 global financial crisis and the need to rethink economics afresh.Trade Review‘This book is a comprehensive textbook of macroeconomics that can be easily regarded as one of the top scholarly contributions made in recent years to introduce readers to the realm of political economy. Contributors include among the best Keynesian economists and historians of economic thought. This book pushes the frontier of knowledge and its reading seems to be a required step for the inquisitive reader.’ -- Andrea Carrera, Review of Political Economy'The challenges of ameliorating enduring inequalities and supporting an inclusive recovery from the Covid-19 crisis necessitate new understandings of macroeconomic dynamics and policy innovations. This invaluable volume brings together some of the world's leading macroeconomists to advance these critical aims at what may turn out to be a turning point in the profession.' -- Ilene Grabel, University of Denver, US, author of When Things Don’t Fall Apart: Global Financial Governance and Developmental Finance in an Age of Productive Incoherence'Now that this excellent heterodox book is into a second edition there are only two choices; read it, or continue to be ''deceived by economists''.' -- John Smithin, York University and Aurora Philosophy Institute/Institut philosophie Aurora, CanadaTable of ContentsContents: Introduction: the urgent need for a heterodox approach to economic analysis 1 Louis-Philippe Rochon and Sergio Rossi PART I ECONOMICS, ECONOMIC ANALYSIS AND ECONOMIC SYSTEMS 1 What is economics? 25 Louis-Philippe Rochon and Sergio Rossi 2 The state of macroeconomics 51 Louis-Philippe Rochon and Sergio Rossi 3 The history of economic theories 80 Heinrich Bortis 4 Monetary economies of production 122 Louis-Philippe Rochon PART II MONEY, BANKS AND FINANCIAL ACTIVITIES 5 Money and banking 151 Marc Lavoie and Mario Seccareccia 6 The financial system 176 Jan Toporowski 7 Central banking and monetary policy 200 Louis-Philippe Rochon and Sergio Rossi PART III THE MACROECONOMICS OF THE SHORT AND LONG RUN 8 Theories of consumption 233 Stavros A. Drakopoulos 9 Theories of investment 268 Thomas Dallery 10 Aggregate demand 307 Jesper Jespersen 11 Inflation and unemployment 331 Alvaro Cencini and Sergio Rossi 12 The role of fiscal policy 355 Malcolm Sawyer 13 Economic growth and development 376 Mark Setterfield 14 Wealth distribution 402 Omar Hamouda PART IV INTERNATIONAL ECONOMY 15 International trade and development 437 Robert A. Blecker 16 Balance-of-payments constrained growth 469 John McCombie and Nat Tharnpanich 17 European monetary union 494 Sergio Rossi PART V RECENT TRENDS 18 Financialization 517 Gerald A. Epstein 19 Imbalances and crises 540 Robert Guttmann 20 Sustainable development 566 Richard P.F. Holt 21 Conclusion: do we need microfoundations for macroeconomics? 593 John King Answers 618 Index 633

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Book SynopsisThis accessible guide to the rapidly growing and interdisciplinary field of modern economic sociology offers critical insights into its fundamental concepts and developments. International in scope, contributions from leading economic sociologists and sociologically-minded economists explore the intersections and implications for theory and empirical research in both disciplines. A Modern Guide to Economic Sociology positions contemporary studies in relation to earlier developments, highlighting the importance of understanding how stages of economic sociology have corresponded and converged with institutional, social, political and behavioural economics over time. Chapters offer a broad range of perspectives of topical and pressing themes including: wealth inequality, unsustainable development, ethical consumption, society and work, institutions and the economy, and society and entrepreneurship. Covering both empirical and theoretical aspects of the field, this book will benefit economic sociologists as well as economic sociology students. It will also be an important read for both economics and sociology students looking to better understand the interactions between the two fields and how they depend upon and advance one another.Trade Review'A comprehensive and stimulating guide, written by some of the best known scholars in the field, that shows how the theoretical and empirical findings of economic sociology correspond and complement those of economics, as a sort of countermelody that enriches our knowledge of the relationships between economy and society.' -- Alberto Martinelli, Università degli studi di Milano, Italy and Former President of the International Social Science Council, France'This volume offers a fresh look at central contemporary economic issues. The contributors go beyond sociology and fruitfully bring in both historical and current perspectives from adjacent disciplines to create an exciting scientific composition.' -- Patrik Aspers, University of St. Gallen, SwitzerlandTable of ContentsContents: 1 Introduction to A Modern Guide to Economic Sociology 1 Milan Zafirovski 2 Society and economy: three easy ways to a complex relationship 32 Filippo Barbera 3 Institutions and the economy 52 Geoffrey M. Hodgson 4 Social relations and economy: the effects of social ties and networks on economic behavior 70 David Knoke and Anna Bokun 5 Social stratification and economy: class, power and status factors in economic actions and processes 90 Eric Bjorklund and Ronald L. Breiger 6 Politics, ideology, and the economy 108 David Weakliem 7 Law, regulation and the economy: the impact of legal norms and regulations on economic actions and outcomes 125 Linzi Berkowitz and Harland Prechel 8 A metatheoretical framework for understanding interactions among culture, ecology, art and economics in late modernity 144 Thomas J. Burns, Tom W. Boyd and Carrie M. Leslie 9 Moral economy: moral forces in economic activity 166 Patrick Sachweh and Till Hilmar 10 Society, production and work 186 Christoph Deutschmann 11 Acceptance or aversion? Understanding society’s interplay with wealth inequality 204 Peter D. Brandon 12 Societies and markets: the challenge of unsustainable development 219 Enzo Mingione 13 The evolution of society and the evolution of entrepreneurship: from creative construction to creative destruction 241 Jerald Hage 14 Aesthetic and ethical orientations in consumption and lifestyles 264 Sebastian Weingartner, Patrick Schenk and Jörg Rössel 15 The joyous birth and sad story of the death of Homo Economicus: a perspective from and implications for economic sociology 287 Milan Zafirovski Index 338

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Book Synopsis'Hodgson's masterful review of orthodoxies and heterodoxies focuses on the absurdity of recommending planning, or scorning it, without answering the empirical question asked in the 1930s by the ''socialist calculation debate.'' How well does planning or the market work? Idealism assumes the answer without actually doing the science. - Deirdre N. McCloskey, University of Illinois at Chicago, US 'Every young heterodox scholar should read this book, as should veteran heterodox economists who are puzzled about why important heterodox contributions have not had the impact they deserved to have. The book provides a compelling account of the challenges that heterodox economists have faced, and continue to face, and it leaves the reader with a strong sense that things could have been, and could be, much better if more heterodox economists strove to integrate compatible aspects of the many diverse approaches that constitute heterodox economics.' - Peter E. Earl, University of Queensland, Australia 'Is there a future for the alternatives to mainstream economics? Dealing with this important question does not only require a deep understanding of the current economic theories and of the history of economic thought. It demands also a careful analysis of the institutional mechanisms by which scientific communities commit themselves to certain paradigms and change these commitments. In this excellent book Hodgson deals with all the dimensions of this complex issue.' - Ugo Pagano, University of Siena, Italy 'Drawing a well-balanced picture of heterodox economics with its many political shades and theoretical nuances is no easy task. Professor Hodgson's mastery in solving the task sets new standards. His compelling analysis of the state and the future of the field is a ''must read'' for everyone in the heterodox camp and an invaluable source of information for all scholars in the history, philosophy, and sociology of economics.' - Ulrich Witt, Max Planck Institute for the Science of Human History, Germany and Griffith University, Australia Over the last 50 years, and particularly since the financial crash in 2008, the community of heterodox economists has expanded, and its publications have proliferated. But its power in departments of economics has waned. Addressing this paradox, Geoffrey M. Hodgson argues that heterodox economists are defined more by a left ideology than by a shared understanding of the nature of orthodox economics and of what should replace it. Heterodox economists cannot agree on what heterodoxy means. Employing insights from the sociology and philosophy of science, the author explores the marginalization of heterodox economics in the academic community and its exclusion from positions of power. This perceptive book also shows how the weaknesses of a particular version of heterodoxy stemming from the Cambridge economics of the 1970s have been replicated globally in much of contemporary heterodox economics. The author considers how the field can adapt in order to improve and sustain its presence in academia. Social scientists and economists will find this book both enlightening and useful. In particular, it will be invaluable to student networks and others critical of mainstream economics, and to those teaching economics at undergraduate and postgraduate level.Trade Review‘ . . . all heterodox economists—both young and veteran, both left and right leaning—should read this thought-provoking book. Indeed, every economist or other social scientist interested in successful and unsuccessful academic strategies and all of those puzzled about the reasons why important heterodox contributions haven’t permeated the mainstream economic profession should read this book. . . . This book certainly offers a compelling explanation of why heterodox economics has not been successful at retaining academic power and influence within the economics profession, and it explains the challenges that the heterodox community must face in order to successfully challenge the current orthodoxy.’ -- Pablo Paniagua Preito, Cosmos + Taxis'Hodgson provides the most comprehensive examination of the foundations and direction of heterodox economics to date. This book should be required reading for all those engaged in building alternatives to mainstream economics. Strongly recommended.' -- John B. Davis, Marquette University, US and University of Amsterdam, the Netherlands'The heterodox economics project, born in the golden age of Cambridge Economics, has largely failed to develop a core consensus and build a strong and effective scientific community. Geoff Hodgson has written an engrossing explanation of what went wrong. Every heterodox economist should read this book.' -- Jason Potts, RMIT University, Australia'An excellent critical survey of a great deal of material loosely called heterodox, plus suggestions as to how that part of the subject might be developed in the future - making it, among other things, a guide for those who wish to do further work in this area. I know of nothing else like it in the literature.' --Richard G. Lipsey, Simon Fraser University,‘Hodgson's masterful review of orthodoxies and heterodoxies focuses on the absurdity of recommending planning, or scorning it, without answering the empirical question asked in the 1930s by the “socialist calculation debate.” How well does planning or the market work? Idealism assumes the answer without actually doing the science.’ -- Deirdre N. McCloskey, University of Illinois at Chicago, US‘Every young heterodox scholar should read this book, as should veteran heterodox economists who are puzzled about why important heterodox contributions have not had the impact they deserved to have. The book provides a compelling account of the challenges that heterodox economists have faced, and continue to face, and it leaves the reader with a strong sense that things could have been, and could be, much better if more heterodox economists strove to integrate compatible aspects of the many diverse approaches that constitute heterodox economics.’ -- Peter E. Earl, University of Queensland, Australia‘Is there a future for the alternatives to mainstream economics? Dealing with this important question does not only require a deep understanding of the current economic theories and of the history of economic thought. It demands also a careful analysis of the institutional mechanisms by which scientific communities commit themselves to certain paradigms and change these commitments. In this excellent book Hodgson deals with all the dimensions of this complex issue.’ -- Ugo Pagano, University of Siena, Italy‘Drawing a well-balanced picture of heterodox economics with its many political shades and theoretical nuances is no easy task. Professor Hodgson's mastery in solving the task sets new standards. His compelling analysis of the state and the future of the field is a “must read” for everyone in the heterodox camp and an invaluable source of information for all scholars in the history, philosophy, and sociology of economics.’ -- Ulrich Witt, Max Planck Institute for the Science of Human History, Germany and Griffith University, AustraliaTable of ContentsContents: Preface INTRODUCTION 1. Space exists to stop everything happening in Cambridge 2. What is heterodox economics? 3. Rumours of the death of Max U are exaggerated 4. The separate heterodoxy of evolutionary economics 5. Heterodox economics as a scientific community 6. Some possible ways forward References Index

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Book Synopsis'Hodgson's masterful review of orthodoxies and heterodoxies focuses on the absurdity of recommending planning, or scorning it, without answering the empirical question asked in the 1930s by the ''socialist calculation debate.'' How well does planning or the market work? Idealism assumes the answer without actually doing the science. - Deirdre N. McCloskey, University of Illinois at Chicago, US 'Every young heterodox scholar should read this book, as should veteran heterodox economists who are puzzled about why important heterodox contributions have not had the impact they deserved to have. The book provides a compelling account of the challenges that heterodox economists have faced, and continue to face, and it leaves the reader with a strong sense that things could have been, and could be, much better if more heterodox economists strove to integrate compatible aspects of the many diverse approaches that constitute heterodox economics.' - Peter E. Earl, University of Queensland, Australia 'Is there a future for the alternatives to mainstream economics? Dealing with this important question does not only require a deep understanding of the current economic theories and of the history of economic thought. It demands also a careful analysis of the institutional mechanisms by which scientific communities commit themselves to certain paradigms and change these commitments. In this excellent book Hodgson deals with all the dimensions of this complex issue.' - Ugo Pagano, University of Siena, Italy 'Drawing a well-balanced picture of heterodox economics with its many political shades and theoretical nuances is no easy task. Professor Hodgson's mastery in solving the task sets new standards. His compelling analysis of the state and the future of the field is a ''must read'' for everyone in the heterodox camp and an invaluable source of information for all scholars in the history, philosophy, and sociology of economics.' - Ulrich Witt, Max Planck Institute for the Science of Human History, Germany and Griffith University, Australia Over the last 50 years, and particularly since the financial crash in 2008, the community of heterodox economists has expanded, and its publications have proliferated. But its power in departments of economics has waned. Addressing this paradox, Geoffrey M. Hodgson argues that heterodox economists are defined more by a left ideology than by a shared understanding of the nature of orthodox economics and of what should replace it. Heterodox economists cannot agree on what heterodoxy means. Employing insights from the sociology and philosophy of science, the author explores the marginalization of heterodox economics in the academic community and its exclusion from positions of power. This perceptive book also shows how the weaknesses of a particular version of heterodoxy stemming from the Cambridge economics of the 1970s have been replicated globally in much of contemporary heterodox economics. The author considers how the field can adapt in order to improve and sustain its presence in academia. Social scientists and economists will find this book both enlightening and useful. In particular, it will be invaluable to student networks and others critical of mainstream economics, and to those teaching economics at undergraduate and postgraduate level.Trade Review‘ . . . all heterodox economists—both young and veteran, both left and right leaning—should read this thought-provoking book. Indeed, every economist or other social scientist interested in successful and unsuccessful academic strategies and all of those puzzled about the reasons why important heterodox contributions haven’t permeated the mainstream economic profession should read this book. . . . This book certainly offers a compelling explanation of why heterodox economics has not been successful at retaining academic power and influence within the economics profession, and it explains the challenges that the heterodox community must face in order to successfully challenge the current orthodoxy.’ -- Pablo Paniagua Preito, Cosmos + Taxis'Hodgson provides the most comprehensive examination of the foundations and direction of heterodox economics to date. This book should be required reading for all those engaged in building alternatives to mainstream economics. Strongly recommended.' -- John B. Davis, Marquette University, US and University of Amsterdam, the Netherlands'The heterodox economics project, born in the golden age of Cambridge Economics, has largely failed to develop a core consensus and build a strong and effective scientific community. Geoff Hodgson has written an engrossing explanation of what went wrong. Every heterodox economist should read this book.' -- Jason Potts, RMIT University, Australia'An excellent critical survey of a great deal of material loosely called heterodox, plus suggestions as to how that part of the subject might be developed in the future - making it, among other things, a guide for those who wish to do further work in this area. I know of nothing else like it in the literature.' --Richard G. Lipsey, Simon Fraser University,‘Hodgson's masterful review of orthodoxies and heterodoxies focuses on the absurdity of recommending planning, or scorning it, without answering the empirical question asked in the 1930s by the “socialist calculation debate.” How well does planning or the market work? Idealism assumes the answer without actually doing the science.’ -- Deirdre N. McCloskey, University of Illinois at Chicago, US‘Every young heterodox scholar should read this book, as should veteran heterodox economists who are puzzled about why important heterodox contributions have not had the impact they deserved to have. The book provides a compelling account of the challenges that heterodox economists have faced, and continue to face, and it leaves the reader with a strong sense that things could have been, and could be, much better if more heterodox economists strove to integrate compatible aspects of the many diverse approaches that constitute heterodox economics.’ -- Peter E. Earl, University of Queensland, Australia‘Is there a future for the alternatives to mainstream economics? Dealing with this important question does not only require a deep understanding of the current economic theories and of the history of economic thought. It demands also a careful analysis of the institutional mechanisms by which scientific communities commit themselves to certain paradigms and change these commitments. In this excellent book Hodgson deals with all the dimensions of this complex issue.’ -- Ugo Pagano, University of Siena, Italy‘Drawing a well-balanced picture of heterodox economics with its many political shades and theoretical nuances is no easy task. Professor Hodgson's mastery in solving the task sets new standards. His compelling analysis of the state and the future of the field is a “must read” for everyone in the heterodox camp and an invaluable source of information for all scholars in the history, philosophy, and sociology of economics.’ -- Ulrich Witt, Max Planck Institute for the Science of Human History, Germany and Griffith University, AustraliaTable of ContentsContents: Preface INTRODUCTION 1. Space exists to stop everything happening in Cambridge 2. What is heterodox economics? 3. Rumours of the death of Max U are exaggerated 4. The separate heterodoxy of evolutionary economics 5. Heterodox economics as a scientific community 6. Some possible ways forward References Index

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Book SynopsisAfter being proclaimed dead, there is now a major revival of socialist ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Featuring theoretical arguments and practical investigations, Geoffrey M. Hodgson interrogates the failures of socialist states, scrutinizing the impact and outcomes of a centralized politico-economic system. This timely and convincing book offers insight into the twentieth-century experience of comprehensive national planning, deploying less-well-known criticisms from Albert Schaffle and Michael Polanyi. Hodgson's nuanced approach brings together small-scale socialist praxis and principles of liberal solidarity, exploring an experimental approach to political and economic reform. Provocative, insightful and accessible, this book is of considerable interest to any reader with an appetite for the history of socialist theory, as well as those keen to explore new insights to heterodox economics. Students and academics of the social sciences and humanities will benefit from this book's rigorous empirical approach to historic and contemporary socialist states and its in-depth discussion of Austrian school theory.Trade Review'Socialism is being offered by the likes of Bernie Sanders, Jeremy Corbyn and Alexandra Ocasio-Cortez as a humane and democratic solution to pressing economic and environmental problems. Geoff Hodgson, the world's foremost scholar on institutions of economic systems, has written a vital and urgent book explaining why this utopian dream is infeasible.' --Jason Potts, RMIT University, AustraliaTable of ContentsContents: Preface Introduction Part I: Socialism, markets and democracy 1. What does socialism mean? 2. Small socialism requires frugality or markets 3. Big socialism brings stagnation and despotism 4. Knowledge, complexity and the limits to planning Part II: Towards a feasible alternative: liberal solidarity 5. Social knowledge and freedom to choose 6. The limits and indispensability of states and markets 7. Varieties of capitalism: the realms of the possible 8. The making of liberal solidarity References Index

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Book SynopsisAfter being proclaimed dead, there is now a major revival of socialist ideology in the West. But what does socialism mean? This book shows that it is irretrievably associated with common ownership. The twentieth-century experience of comprehensive national planning with state ownership has been disastrous, and in no case has democracy endured within large-scale socialism. This volume explains why. The alternative socialist option of worker-owned cooperatives must accept a major role for markets that many socialists reject. Featuring theoretical arguments and practical investigations, Geoffrey M. Hodgson interrogates the failures of socialist states, scrutinizing the impact and outcomes of a centralized politico-economic system. This timely and convincing book offers insight into the twentieth-century experience of comprehensive national planning, deploying less-well-known criticisms from Albert Schaffle and Michael Polanyi. Hodgson's nuanced approach brings together small-scale socialist praxis and principles of liberal solidarity, exploring an experimental approach to political and economic reform. Provocative, insightful and accessible, this book is of considerable interest to any reader with an appetite for the history of socialist theory, as well as those keen to explore new insights to heterodox economics. Students and academics of the social sciences and humanities will benefit from this book's rigorous empirical approach to historic and contemporary socialist states and its in-depth discussion of Austrian school theory.Trade Review'Socialism is being offered by the likes of Bernie Sanders, Jeremy Corbyn and Alexandra Ocasio-Cortez as a humane and democratic solution to pressing economic and environmental problems. Geoff Hodgson, the world's foremost scholar on institutions of economic systems, has written a vital and urgent book explaining why this utopian dream is infeasible.' --Jason Potts, RMIT University, AustraliaTable of ContentsContents: Preface Introduction Part I: Socialism, markets and democracy 1. What does socialism mean? 2. Small socialism requires frugality or markets 3. Big socialism brings stagnation and despotism 4. Knowledge, complexity and the limits to planning Part II: Towards a feasible alternative: liberal solidarity 5. Social knowledge and freedom to choose 6. The limits and indispensability of states and markets 7. Varieties of capitalism: the realms of the possible 8. The making of liberal solidarity References Index

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary. Forward thinking and provocative, this Research Agenda demonstrates different approaches to the field from experts focusing on global and local, and historical and contemporary issues. It asserts that critical political economists differ from their mainstream counterparts through the variety of methods they use and the questions they pose. Eminent global scholars examine a diverse selection of interdisciplinary themes, raising questions surrounding future research in the area, offering examples and linking the theory to its implications for practice and policy. Chapters explore economic growth and the ideology of development, sweatshop economics, experimental economics, the land question in urban economics, money and finance, and thinking beyond capitalism with the solidarity economy. A Research Agenda for Critical Political Economy will be a fascinating read for students and scholars of political economy, political science and economics. With case studies and practical examples of the application of the topic, it will also be an invigorating read for economists and policy makers looking for alternative approaches to the field.Trade Review'To be ''critical'' as a political economist is to be part of a rich and varied heritage, within which a series of alternative perspectives are articulated and defended in the name of a broader, common endeavour. This book ably showcases the diverse and pluralistic nature of contemporary critical political economy scholarship, something which is needed more than ever in times of the coronavirus and the associated economic, political and social upheavals.' --Ian Bruff, University of Manchester, UKTable of ContentsContents: 1. What Makes Critical Research in Political Economy? Bill Dunn 2. The Political Economy of Inequality: Research to Deepen Understanding Frank Stilwell 3. Economic Growth and the Ideology of Development Benjamin Selwyn 4. Money, finance and the state: potential routes for further development of research Sheila Dow 5. Knowledge, Power and the Global South: Epistemes and Economies after Colonialism Nour Nicole Dados 6. For a Critical Political Economy of International Trade Bill Dunn 7. Sweatshop Economics, the Poverty of Trade Theory and the Making of Inequality Across Scales Alessandra Mezzadri 8. Structure and Agency: Themes from Experimental Economics Shaun P. Hargreaves Heap 9. Time, Space, Geographical Scale and Political Economy Andrew Herod 10. Uncertainty, the Modern Financial Market and the Real Economy Fernando Ferrari Filho and Fábio Henrique Bittes Terra 11. The Capitalist Space-Economy: Uneven Geographical Development, Value and More-than Capitalist Contestations Eric Sheppard 12. Reclaiming Local Contexts: Disrupting the Virtual Economy Sabine U. O’Hara 13. The Land Question in Urban Economics: A Political Economic Response Franklin Obeng-Odoom 14. The Political Economy of Displacement Governance: The Case of Refugees in the European Union Ali Bhagat and Susanne Soederberg 15. Thinking Beyond Capitalism: Social Movements, R/evolution, and the Solidarity Economy Julie Matthaei Index

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Book SynopsisThis Modern Guide explores central ideas, concepts, and themes in the Austrian school of economics, with a focus on how both the school and the overall theory have evolved over recent decades. Leading scholars offer their insights into potential directions of future research in the field, pointing towards contemporary debates and their potential conclusions, underdeveloped aspects and extensions of theory, and current applications of interest.Spanning theories of entrepreneurship to the theory of the business cycle, from methodology to sociology, and from cryptocurrencies to culture, this clear and concise Modern Guide provides an expert curation of the topic. Chapters offer an overview of the present state of scholarship in the field, including discussions on praxeology, the function of entrepreneurship in the market process, spontaneous orders, the Austrian theory of money, and banking.Written in an accessible style, this will be an invigorating read for economics scholars looking for an alternative to mainstream approaches. It will also be useful for scholars and practitioners seeking an introduction to Austrian economics.Table of ContentsContents Introduction to A Modern Guide to Austrian Economics 1 Per L. Bylund 1 Praxeology 6 Roderick T. Long 2 Austrian phenomenology 17 Mark D. Packard 3 Alertness: an Aristotelian approach 39 Frederic Sautet 4 Entrepreneurial judgment 64 Peter G. Klein and Matthew McCaffrey 5 Entrepreneurship and the market process 84 Per L. Bylund 6 Spontaneous order 103 Karras J. Lambert and Peter J. Boettke 7 The social and moral aspects of markets 121 Ginny Seung Choi and Virgil Henry Storr 8 Economic calculation and socialism 142 Krzysztof Turowski and Mateusz Machaj 9 Money 165 Joseph T. Salerno and Kristoffer J. M. Hansen 10 Banking 182 David Howden 11 On the origins of cryptocurrencies 200 William J. Luther and Nikhil Sridhar 12 The pure time preference theory of interest 216 Robert P. Murphy 13 Capital theory and the theory of the firm 238 Nicolás Cachanosky and Peter Lewin 14 Austrian business cycle theory: current research trends and future directions 257 Jonathan R. Newman and Arkadiusz Sieroń 15 Austrian sociology 283 Richard G. Ellefritz Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business 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.New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? Key Features: Elucidates the essence of NIE’s main branches, focusing on thegovernance of transactions and organizations (identified with OliverWilliamson), the fundamental institutional environment (DouglassNorth), and the role of communal institutions and collective action (ElinorOstrom) Explores how NIE has transformed perspectives on collective action, stateand legal institutions, public policy and regulation, and economic growth Extensive references to allow interested readers to dive deeper into specific topics Authored by scholars associated early on with leading figures in NIE and the development of NIE’s research agenda. This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.Trade Review‘This Advanced Introduction provides a terrific exposition of New Institutional Economics. The foundations of transaction costs, property rights, and contracting produce applications concerning institutions large and small, covering a substantial share of economic activity. Much of the world's economic progress and institutional change will rely on these ideas.’ -- – Robert Gibbons, Massachusetts Institute of Technology, US‘Many trees planted by the New Institutional Economics are thriving in the mainstream of the social sciences, but it is easy to lose track of the NIE forest. This indispensable and authoritative book comes to the rescue, synthesizing a vast literature, covering many domains of human interaction and showing that a society's success rests on the institutional choices made by its members.’ -- – Philip Keefer, Inter-American Development Bank, US‘Now, for the first time, we have a comprehensive guide to the new institutional economics and allied fields. This Advanced Introduction covers topics such as transactions cost, property rights, contracts, organizations, and state and legal institutions; plus two “transversal topics”, institutions and public policy and institutional change and development. A must read for both students and professionals.’ -- – Barry Weingast, Stanford University, US‘NIE is one of the economic fields whose influences go far beyond the borders of economics. But it is also an often misunderstood field. This introductory book, written by two veteran experts of NIE, is a timely work to acquaint the reader with the main concepts and approaches of NIE. It should be read by anyone who is about to study institutional issues within and outside economics.’ -- – Yang Yao, Peking University, ChinaTable of ContentsContents: Preface 1. Building a new paradigm 2. Transaction costs 3. Property rights 4. Contracts PART II INSTITUTIONAL LAYERS 5. The organization of transactions 6. State and legal institutions PART III TRANSVERSAL TOPICS 7. Institutions and public policy 8. Institutional change and development 9. Entering new terrains: the future of NIE Bibliography Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business 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.New institutional economics (NIE) is a powerful tool for understanding real world phenomena. This Advanced Introduction explores NIE’s answers to fundamental questions about the organization, growth and development of economies, such as why are some countries rich and others poor? Why are activities organized as firms or markets or through alternative organizational solutions? When are shared resources overexploited? Key Features: Elucidates the essence of NIE’s main branches, focusing on thegovernance of transactions and organizations (identified with OliverWilliamson), the fundamental institutional environment (DouglassNorth), and the role of communal institutions and collective action (ElinorOstrom) Explores how NIE has transformed perspectives on collective action, stateand legal institutions, public policy and regulation, and economic growth Extensive references to allow interested readers to dive deeper into specific topics Authored by scholars associated early on with leading figures in NIE and the development of NIE’s research agenda. This Advanced Introduction is an ideal read for advanced students of economics, political science, management, law and sociology interested in learning about new institutional economics. Policy makers, especially those responsible for business and utility regulation and development policy and assistance, will also benefit from this concise yet detailed book.Trade Review‘This Advanced Introduction provides a terrific exposition of New Institutional Economics. The foundations of transaction costs, property rights, and contracting produce applications concerning institutions large and small, covering a substantial share of economic activity. Much of the world's economic progress and institutional change will rely on these ideas.’ -- – Robert Gibbons, Massachusetts Institute of Technology, US‘Many trees planted by the New Institutional Economics are thriving in the mainstream of the social sciences, but it is easy to lose track of the NIE forest. This indispensable and authoritative book comes to the rescue, synthesizing a vast literature, covering many domains of human interaction and showing that a society's success rests on the institutional choices made by its members.’ -- – Philip Keefer, Inter-American Development Bank, US‘Now, for the first time, we have a comprehensive guide to the new institutional economics and allied fields. This Advanced Introduction covers topics such as transactions cost, property rights, contracts, organizations, and state and legal institutions; plus two “transversal topics”, institutions and public policy and institutional change and development. A must read for both students and professionals.’ -- – Barry Weingast, Stanford University, US‘NIE is one of the economic fields whose influences go far beyond the borders of economics. But it is also an often misunderstood field. This introductory book, written by two veteran experts of NIE, is a timely work to acquaint the reader with the main concepts and approaches of NIE. It should be read by anyone who is about to study institutional issues within and outside economics.’ -- – Yang Yao, Peking University, ChinaTable of ContentsContents: Preface 1. Building a new paradigm 2. Transaction costs 3. Property rights 4. Contracts PART II INSTITUTIONAL LAYERS 5. The organization of transactions 6. State and legal institutions PART III TRANSVERSAL TOPICS 7. Institutions and public policy 8. Institutional change and development 9. Entering new terrains: the future of NIE Bibliography Index

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Book SynopsisThe original contributions in this Handbook provide an introduction to the application of Austrian economics to law. The book begins with chapters on the methodology of law and economics before moving on to chapters which discuss key concepts in Austrian economics such as; dynamic competitive processes, spontaneous order, subjective value, entrepreneurship, and the limited nature of individual knowledge - as they relate to topics in evolutionary law and basic law.This book presents contributions from both economists and legal scholars on topics ranging from methodology of analysis and the evolution of contemporary legal practice, to the teachings of basic law. Taken as a whole, this Handbook provides a strong overview of contemporary research in the Austrian school of law and economics. It is an approach that reflects both the examination of how alternative legal arrangements impact economic performance, and how to use the tools of basic economic reasoning to study the operation of legal rules.Scholars working in the fields of law, jurisprudence, economics, and public policy will find this an important resource on the cutting edge of Austrian political economy in application to law and economics.Contributors include: B.L. Benson, P.J. Boettke, D.J. Boudreaux, H.N. Butler, E.R. Claeys, C.J. Coyne, M. DeBow, M.T. Henderson, S. Horwitz, P.G. Klein, M. Krause, T.A. Lambert, P.T. Leeson, J. Parker, G.J. Postema, S. Rajagopalan, D. Skarbek, E.P. Stringham, R.E. Wagner, T.J. ZywickiTable of ContentsContents: Part I Introduction 1. Law and economics: the contributions of the Austrian School of Economics Peter J. Boettke and Todd J. Zywicki Part II Methodology of Law and Economics 2. Property rights, the Coase Theorem and informality Martín Krause 3. Coase, Posner, and Austrian law and economics Peter T. Leeson Part III Evolutionary Law 4. Nature as first custom: Hayek on the evolution of social rules Gerald J. Postema 5. The law and economics of rule reform Christopher J. Coyne 6. Legal process for fostering innovation Henry N. Butler and Larry E. Ribstein 7. Customary commercial law, credibility, contracting, and credit in the high Middle Ages Bruce L. Benson 8. Self-Governance, property rights, and illicit commerce David Skarbek 9. Austrian law and economics and efficiency in the common law Todd J. Zywicki and Edward P. Stringham 10. Dispute resolution when rationalities conflict: cost and choice in a mixed economy Richard E. Wagner Part IV Basic Law 11. Sparks cases in contemporary law and economic scholarship Eric R. Claeys 12. Austrian economics and tort law Michael E. DeBow 13. Antitrust and competition from a market-process perspective Donald J. Boudreaux 14. Civil Procedure reconsidered Jeffrey S. Parker 15. An Austrian analysis of contemporary American business law Peter G. Klein and Thomas A. Lambert 16. Firms without boards: unleashing the Hayekian firm M. Todd Henderson 17. Bankruptcy judge as a central planner Todd J. Zywicki and Shruti Rajagopalan 18. Family Law, uncertainty, and the coordination of human capital Steven Horwitz Part V Conclusion 19. Conclusion: the future of “Austrian” Law and Economics Peter J. Boettke and Todd J. Zywicki Index

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Book SynopsisTax Tyranny does not aim to give a description of existing tax systems, rather it provides readers with the intellectual instruments which enable them to understand the role of taxation in the workings of economic systems and to evaluate the fairness of taxes. The book begins with a general analysis of the economic effects of taxes. It stresses that they diminish incentives to create, to work, to save or to invest. It also stresses the fact that it is not sufficient to care about the overall burden of taxation in a country, but that it is necessary to do a rigorous analysis of the details and effects of specific taxes. This work is based on rigorous economic theory, and it is a perfect resource for professors and scholars of economics, as well as journalists and politicians worldwide. The author does not use an overly technical approach however, and thus the book is readily accessible to all readers interested in the topic of taxation.Trade Review‘This book remains a must for all those who want to have a clear view on modern tax systems, on the damages they create, and on the kind of opposition that sensible reform projects are going to meet.’ -- Enrico Colombatto, The Independent Review‘The book is written in a non-technical way and accessible to a broad readership. It serves very well as an introductory text for undergraduates, most notably in macroeconomics or public economics, but it also carries a lot of original food for thought that deserve the attention of scholars and tax practitioners.’ -- Jörg Guido Hülsmann, The Quarterly Journal of Austrian Economics‘This is a broad-ranging book about the many problems of tax, and one that manages the difficult task of being very knowledgeable about taxation, both the theory and practicalities, whilst also being very readable.’ -- Richard Teather, Adam Smith Institute‘Tax Tyranny satisfies the objective it sets itself with aplomb. It offers a superb challenge to the many received wisdoms in tax theory and design and rightly homes in on three fundamental and interrelated problems with tax: its inescapably arbitrary and unfair nature, the discriminatory and capricious character of progressiveness, and the economically ruinous consequences of converting savings and investment into consumption.’ -- Rory Meakin, Economic Affairs'Tax Tyranny by Professor Pascal Salin is a must read for everyone in the ''leave us alone'' coalition. Activists, think tank leaders, and policymakers will find it to be informative on the dangers high taxes pose to the economy and to living daily life free of government controls. It is a masterpiece from one of the greatest living free-market economists.' --Lorenzo Montanari, Americans for Tax Reform, US'Professor Pascal Salin, a noted international economist, understands not only the economics of taxation, he understands human nature. He knows that minor changes, difficult to enforce or even comprehend or quantify, are not good enough. As the former President of Hayek and Friedman's Mont Pèlerin Society, Salin has seen what works around the world in large and small, advanced and developing countries. He understands how we can progress towards freedom and more individual choice. Tax Tyranny enables us to understand what to look for and what changes need to be made for all of us to prosper.' --Edwin J. Feulner, Founder and former President, The Heritage Foundation, Washington, US'The West's tax burden is now unbearable, says the noted French economist Pascal Salin--and it's arbitrary and unfair too, mutilating individual initiative and driving up unemployment. No wonder the public are angry with their politicians--they feel helpless against a system that is driven by a political class who do not understand the damage they do. This book demonstrates powerfully why our economic survival in a competitive world makes tax reform not only urgent, but vital.' --Eamonn Butler, Adam Smith Institute, UKTable of ContentsContents: Introduction 1. The Destructive Nature Of Taxes 2. The Myth Of Progressive Taxation 3. The Overtaxation Of Capital 4. Immoral And Harmful : Inheritance Taxes 5. The Cascade Of Taxes 6. Capitalism In Peril 7. Freeing Savings 8. A Firm Does Not Pay Taxes 9. Choosing One's Life 10. A European Single Market Without Tax Harmonization 11. Taxes For Which State ? 12. Consent To Taxation? Conclusion Index

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Book SynopsisSynthesising Marx’s, Keynes’s and Schumpeter’s theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing Goodwin’s integrated Marx-Keynes-Schumpeter system (MKS), approaching this from a historical perspective.Chapters start from Harrod’s and Kaldor’s work, reconsidering prominent demand- and supply-side approaches to Keynesian macro-dynamics, supplemented by Goodwin’s distributive cycle. The book presents a baseline MKS-type model, considering the rigorous treatment of uncertainty, opinion dynamics, the movement from flexicurity to social capitalism and democracy, and a high-order MKS macro-model.The exploration of the MKS model from a historical basis will make this a useful book for macroeconomics and history of economics scholars and students. It will also be helpful for those looking at macrodynamics in more depth.Trade Review’This impressive research on unleashed capitalism is a heritage of the fruitful long collaboration between Flaschel and the late Chiarella. Through rigorous macrodynamic modelling they explore unbalanced growth as ruthless conflict between capital and labor, and conclude that only some sort of social capitalism can rescue the world from disastrous capitalism or socially vested administrative despotism.’ -- - Xue-Zhong (Tony) He, University of Technology Sydney, Australia’This work represents a culmination of the development of the Bielefeld School of macroeconomic thought, with its lead authors being core members of this approach: Peter Flaschel, Reiner Franke, and the late Carl Chiarella. However, it moves beyond their previous work with the addition of younger authors, and it also brings in chapters written by or about others that link this important approach to other approaches, such as stock-flow consistent models, modern Marxist models, and distinctive neoclassical models. This allows for the role of this innovative and distinctive school of thought to be seen in both its most up-to-date form as well as in its relation to other innovative approaches to macroeconomic thought.’ -- - J. Barkley Rosser Jr., James Madison University, US’A tour d’horizon of recent research on complex macroeconomic dynamic systems in the Keynesian tradition. Its 16 chapters (with two invited ones) cover a variety of recent developments, from the seminal Keynes-Metzle-Goodwin synthesis of various traditional sources of endogenous fluctuations to profit-rate cycles of the classical and Marxian type, to the inclusion of Schumpeterian innovation, Minskyan financial fragility and explicit animal spirit dynamics in the form of sentiment processes based upon social influences.’ -- - Thomas Lux, University of Kiel, GermanyTable of ContentsContents: 1. After the GT: Synthesizing Harrod’s Knife-Edge Growth and Kaldor’s Model of the Trade Cycle Part I Output Expansion, Inflation and Fluctuating Growth from a Supply-Side Angle 2. Keynes-Wicksell-Goodwin Monetary Growth and the Cascade of Stable Matrices Method 3. Output Expansion, Effective Demand and the Conflict about Income Distribution 4. Effective Demand and Real Wage Barriers as Causes of Chronic Inflation 5. The Dynamics of Liquidity / Profit-Rate Cycles With Helmar Nunes Moreira 6. Being Keynesian in the Short Term and Classical in the Long Term. The Traverse to Classical Long-Term Equilibrium Gérard Duménil and Dominique Lévy Part II Firms, Debt and Income Distribution from a Demand-Side Angle 7. Keynes-Metzler-Goodwin (KMG) Model Building. A Baseline Approach to Keynesian Disequilibrium Growth 8. Stock-Flow Consistent Kaleckian Models of Monetary Growth 9. Firms, Asset Markets and Income Distribution: Lance Taylor’s Structuralist Approach With Daniele Tavani 10. Aggregate Demand in Classical-Marxian Growth Models Amitava Dutt 11. A Baseline Model of the Goodwin Marx-Keynes-Schumpeter System Part III The Road Ahead: MKS-type Socio-economic Structures of Capital Accumulation 12. 21th century ‘Capitalism, Socialism and Democracy’ from the historical perspective With Hans-Heinrich Nolte 13. Credit-Driven Investment, Finance and Dual Labor Markets in High-Order Macrodynamics of the MKS type 14. Savings under Uncertainty. A General Model 15. Inflation, Exchange Rate and Opinion Dynamics in a Symmetric Two-Country Framework 16. Harrod/Kaldor-Like Interactions of the Wage/Price-Spiral with Capital Accumulation: Wage-led Marxian Distributive Cycles Index

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Book SynopsisMuch-needed in the face of present political upheavals, including the rise of populism and re-emergence of nationalism and authoritarian regimes, this book is radical in both its critique and proposals for a new economics. Taking an interdisciplinary approach, Bart Nooteboom offers insights from economics, sociology, cognitive science, social psychology and philosophy. Exploring ways in which economics is developing, the book investigates how new economics has moved away from considering individuals as autonomous and instead studies their involvement and interactions with each other. The book discusses a new relational economics: less contractual, hierarchical and controlled, and more based on trust and mutual adjustment. Nooteboom proposes a shift from utility ethics to the virtue ethics of prudence, courage, moderation and justice. A provocative read for economics students, this work is especially pertinent to those interested in rethinking the subject and expanding upon heterodox theories. It will also prove a useful read to critical economists and sociologists looking to better understand a way forward in our current economic climate. Trade Review'Based on a life-long experience as a social scientist, Bart Nooteboom explains how economics can become more relevant by importing insights from other disciplines. He brings economics back to its Aristotelian origins by linking it to virtue ethics. This is a must-read for anybody interested in the future of economics.' --Lans Bovenberg, Tilburg University, the Netherlands'Bart Nooteboom presents a bold, cogent and well written book about economics. This compact manifesto hits a nerve. The (global) economy and economics as a discipline are in a moult. By re-entering virtue ethics in economics and through sound reasoning about the structure and conduct of capitalism, markets and industries, Bart Nooteboom provides the reader with a bright perspective for a prosperous society.' --Harry Commandeur, Erasmus University Rotterdam, the NetherlandsTable of ContentsContents: Introduction 1. Crisis of capitalism 2. Economics 3. Markets 4. Industries 5. A new economics Bibliography Index

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Book SynopsisMuch-needed in the face of present political upheavals, including the rise of populism and re-emergence of nationalism and authoritarian regimes, this book is radical in both its critique and proposals for a new economics. Taking an interdisciplinary approach, Bart Nooteboom offers insights from economics, sociology, cognitive science, social psychology and philosophy. Exploring ways in which economics is developing, the book investigates how new economics has moved away from considering individuals as autonomous and instead studies their involvement and interactions with each other. The book discusses a new relational economics: less contractual, hierarchical and controlled, and more based on trust and mutual adjustment. Nooteboom proposes a shift from utility ethics to the virtue ethics of prudence, courage, moderation and justice. A provocative read for economics students, this work is especially pertinent to those interested in rethinking the subject and expanding upon heterodox theories. It will also prove a useful read to critical economists and sociologists looking to better understand a way forward in our current economic climate. Trade Review'Based on a life-long experience as a social scientist, Bart Nooteboom explains how economics can become more relevant by importing insights from other disciplines. He brings economics back to its Aristotelian origins by linking it to virtue ethics. This is a must-read for anybody interested in the future of economics.' --Lans Bovenberg, Tilburg University, the Netherlands'Bart Nooteboom presents a bold, cogent and well written book about economics. This compact manifesto hits a nerve. The (global) economy and economics as a discipline are in a moult. By re-entering virtue ethics in economics and through sound reasoning about the structure and conduct of capitalism, markets and industries, Bart Nooteboom provides the reader with a bright perspective for a prosperous society.' --Harry Commandeur, Erasmus University Rotterdam, the NetherlandsTable of ContentsContents: Introduction 1. Crisis of capitalism 2. Economics 3. Markets 4. Industries 5. A new economics Bibliography Index

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Book SynopsisThis Handbook provides an overview of established and cutting-edge contributions to political economic thought. Chapters by leading and emerging scholars showcase the diverse approaches and productive debates among researchers. Separate sections of the book deal with political economy as an area of knowledge, its principal theoretical traditions, the dynamics and socio-ecological foundations of economic systems, and political economy’s interdisciplinary connections. Thirty-two chapters cover the full spectrum of contemporary political economy, including classical, Marxist, post-Keynesian, institutional, evolutionary, and feminist approaches, recent studies of capital as power, modern money theory, behavioural economics, social structures of accumulation, and race, gender and class. The volume concludes by reflecting on how these theories of political economy can contribute to making a better world. Pluralist and interdisciplinary in its approach, this Handbook is a key resource for students and teachers of political economy and heterodox economics, as well as for other social scientists wanting to understand political economic processes.Trade Review‘Mainstream economics, relative to heterodoxy and social science generally, is so extreme in methodology, theory and conceptualisations, it has spawned a variegated tsunami of alternative theories. This volume expertly and comprehensively engages this pluralism across schools, approaches and topics offering specialist insights alongside informative expositions – imperative reading for the intellectually open.’ -- Ben Fine, School of Oriental and African Studies (SOAS), UK‘Narrowly defined mainstream economics has clearly failed—after the Second Great Depression and in the midst of the Pandemic Depression, in addition to obscene and still-growing levels of inequality, the climate crisis, racial capitalism, and much else. This Handbook of Alternative Theories of Political Economy is exactly what is needed to expand the way we think about and do economics.’ -- David F. Ruccio, University of Notre Dame, US‘This excellent collection is a must-read book for anyone interested in learning more about political economy. The volume has been effectively organized with an inclusive approach that is not only pluralist but also interdisciplinary. The upshot of which is the facilitation of a broad, yet rigorous, understanding of political economy.’ -- Susanne Soederberg, Queen’s University, CanadaTable of ContentsContents: PART I POLITICAL ECONOMY AS AN AREA OF KNOWLEDGE 1 Introduction to the Handbook of Alternative Theories of Political Economy 2 Frank Stilwell, David Primrose and Tim B. Thornton 2 Capitalism, climate change and freedom 16 Elke Pirgmaier PART II IDENTIFYING FOUNDATIONAL APPROACHES TO POLITICAL ECONOMY 3 Classical political economy and its ongoing relevance 33 Jamie Morgan 4 The Marxist tradition in political economy 51 Bill Dunn 5 Institutional political economy 66 Arturo Hermann 6 Post Keynesian economics 83 John E. King 7 Feminist political economy 96 Jennifer Cohen and Heidi Hartmann 8 Sraffian political economy 110 Nuno Ornelas Martins PART III ANALYSING THE DYNAMICS OF ECONOMIC SYSTEMS 9 Circular and cumulative causation 126 Phillip Toner and Gavan Butler 10 Evolutionary political economy 140 Tae-Hee Jo 11 Neo-Schumpeterian economics 156 Rinaldo Evangelista 12 The regulation approach 173 Brett Heino 13 Social structures of accumulation 188 Terrence McDonough and David M. Kotz 14 Capital as power 201 Tim Di Muzio and Matt Dow 15 Foundations of modern money theory 216 L. Randall Wray 16 The Austrian school of economics 231 Peter J. Boettke, Rosolino Candela, Karras J. Lambert and Dillon Tauzin PART IV EXPLORING THE SOCIO-ECOLOGICAL FOUNDATIONS OF ECONOMIC SYSTEMS 17 Polanyian political economy 246 Joy Paton 18 Georgist political economy 260 Franklin Obeng-Odoom 19 Ecological economics 271 Neil Perry 20 Social economics 286 John B. Davis 21 A social property relations approach to class, gender, race 301 Andreas Bieler and Adam David Morton 22 The Systems of Provision approach 313 Robin Chang 23 The diverse economies approach 329 Jenny Cameron and J.K. Gibson-Graham PART V EXTENDING POLITICAL ECONOMY THROUGH INTERDISCIPLINARITY 24 Spatial political economy 344 Brett Christophers 25 Cultural political economy 355 Bob Jessop and Ngai-Ling Sum 26 Postcolonial and poststructural political economy 371 Penny Griffin 27 Behavioural economics and neuroeconomics 390 David Primrose PART VI MAKING A DIFFERENCE 28 Pluralism in political economy 412 Tim B. Thornton 29 Economics imperialism and a transdisciplinary perspective 428 Mario Cedrini and Joselle Dagnes 30 Approaches to, and measures of, progress 443 Pratistha Joshi Rajkarnikar 31 Advancing education in political economy 458 Frank Stilwell and Tim B. Thornton 32 Progressive economics and social change movements 476 Jim Stanford Index

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