Economic theory and philosophy Books
Edward Elgar Publishing Ltd The Concept of Equilibrium in Different Economic
Book SynopsisThis book deals with one of the most puzzling concepts in economic science, that of economic equilibrium. In modern economics, equilibrium is considered a key assumption, but its role is contested by economists both from within the mainstream and from rival schools of thought. What explains the contradictory assessments of the equilibrium concept in economics? Do economists belonging to different traditions disagree about the definition of equilibrium or do they adopt different rules for assessing scientific status? In this unique and exhaustive study, Bert Tieben answers these questions by investigating the history of equilibrium economics from 1700 to the present day. He concludes that ideology strongly colored the development of this branch of theory, helping to explain the vehemence of the debates surrounding the concept. He also argues that scientific progress in economics may indeed be fostered by such opposition and contention, and calls for cross fertilization and stronger cooperation between the different schools of thought. This resourceful book will appeal to post graduate students and scholars in the history of economic thought and economic methodology. Both neoclassical and heterodox economists, most notably Austrian, post Keynesian and institutional economists, will also find much to interest them.Trade Review’Bert Tieben is very well read in the history of economic thought and provides an overview of one of the basic concepts of economics that is unrivalled both in its scope and in its thoughtful and detailed discussion of the various currents and schools. It goes right to the heart of economic theory and asks some pertinent questions about the limits and the future of economic theorizing. That is, I think, what sets it apart from many other studies in the history of economic thought: it is history with an eye to the future, and it does all this without making any demands on the mathematical skills of the reader. This book should therefore appeal to everybody who is interested in the methodology of economics and in exploring the boundaries of economic analysis.’ -- Hans Visser, VU University, Amsterdam, The NetherlandsTable of ContentsContents: 1. Introduction 2. What is Equilibrium? 3. Methodological Assessment 4. The Origins of Economic Equilibrium 5. The Circular Flow of Goods and Money 6. Adam Smith’s Love of System 7. Statics and Dynamics in Classical Economics 8. Mathematical Revolution 9. The Dreamland of Léon Walras 10. The Subjectivist Challenge of the Austrian School 11. Monetary Equilibrium 12. Dynamic Analysis in Monetary Theory 13. The Impact of Uncertainty 14. Creative Entrepreneurship: Chaos or Coordination? 15. Evolutionary Economics 16. Disequilibrium Foundations of Equilibrium Analysis 17. Economics With or Without Equilibrium? References Index
£166.00
Edward Elgar Publishing Ltd Deep Complexity and the Social Sciences:
Book SynopsisIn this innovative work, Robert Delorme comprehensively explores uncertainty (the irreducibility to numerically measurable probabilities) and ignorance in economics, management and the social sciences through an alternative, systematically built analytical framework.This unique book takes uncertainty and ignorance seriously and addresses them as instances of ?deep complexity? (problem situations so deeply ill-structured that they cannot be grasped with the concepts and tools of classical science). Building on the works of Herbert Simon, Heinz von Foerster and John von Neumann, the author develops an alternative framework that encompasses, rather than rejects, the classical framework. The outcome of this novel approach is ?effective deep complexity?, comprising three aspects: an effective alternative framework, which brings an answer to a fundamental issue on the implications of uncertainty for scientific reasoning; a behavioural theory of deeply ill-structured problem-situations; and a decision-and-action support system.Robert Delorme has provided an invaluable resource for researchers and academics in the broad realm of economics and business management. This work will also appeal to decision-makers and policymakers due to its practical applications, including structural economic policy, transport and industry.Trade Review‘Today, in the academic world, we are pushed to present our ideas in short, high quality journal articles. It is therefore becoming increasingly difficult to devote time to a project spanning decades to produce a book of fundamental importance. Robert Delorme has been able to do this and the outcome is a marvellous and rare work of scholarship. This book will become the key reference in the field of complex economic systems. It is a thorough and systematic treatment of complexity. The existing literature in the field is well covered and each key contribution is assessed clearly from the standpoint of the “deep complexity” approach developed by Robert Delorme. The volume is long, but it is the product of many years of work and there is little doubt that it will remain the key reference for a number of years hence. This is a path-breaking book.’ -- John Foster, The University of Queensland, AustraliaTable of ContentsContents: Preface Part I: Experience 1. Heuristics 2. Originality Part II: Modelling 3. Relativity 4. Deep Complexity as Product 5. Deep Complexity as Process 6. Generality Part III: Operationality 7. Synthesis 8. Applications General Conclusion References Index
£139.00
Edward Elgar Publishing Ltd Law, Informal Rules and Economic Performance: The
Book SynopsisCapitalism has outperformed all other systems and maintained a positive growth rate since it began. Svetozar Pejovich makes the case within this book that a major reason for the success of capitalism lies in the efficiency-friendly incentives of its basic institutions, which continuously adjust the rules of the game to the requirements of economic progress. The analysis throughout is consistent and is supported by evidence. Key components of the proposed theory are the rule of law, the market for institutions, the interaction thesis, the carriers of change, and the process of changing formal and informal institutions.This book will be of great interest to academics and students of law and economics, new institutional economics, comparative systems and public choice throughout the world and especially in East Asia and South America where institutional issues are being debated.Trade Review'Almost everyone will gain something of value from reading this book. For those who work in the new institutional economics, Pejovich provides a thoughtful treatment of how common-law and civil-law systems affect personal freedoms and rule of law. The book's larger market, however, will comprise educated lay readers, who will gain a deeper appreciation of the foundations of capitalism in the developed world and of the dynamics of interrelated institutional and economic change.' -- Lee J. Alston, The Independent Review'. . . a well written, easily read book which casts light on many aspects of law and on questions which are or should be debated in our law schools. . . well laid out and presented. . . Its subject matter makes it essential reading for all those studying comparative law and of course law and economics and even for those studying legislation. It would be more than useful for those engaged in property law, the law of contract and administrative and public law. In other words it would be useful and challenging reading for just about all law teachers and students as well as practitioners who wish to think about the basics of what they are doing. Its easy combination of history, comparative technique, legal fundamentals and economics with no maths would even make it an excellent reader for LAWS 101.' -- Bernard Robertson, New Zealand Law Journal'Professor Pejovich has written an impressive lot on comparative economic systems, institutions, policies and broader social aspects of economic development. . . His long work in the field quite predictably made him able to present his views and findings in an ever clearer, more orderly and more profoundly argued way. . . This is one of the rare books in which the author is well aware of what he is talking about and makes sure that the same goes for his readers.' -- Ljubomir Madzar'Professor Pejovich has ranged expertly across such seemingly disparate areas as legal systems, culture, economics and public choice theory to give us a thoroughly convincing roadmap for a nation's economic success. The rule of law, enforcement of private contracts, private property rights and an independent judiciary are the basic building blocks. But the common law system, as compared to the civil law system emanating from the European continent, also gets a lot of the credit. This is an erudite, yet happily readable work that takes a lot of the mystery out of differential economic performance among nations.' -- Henry G. Manne, George Mason University School of Law, USTable of ContentsContents: Foreword by Leonard P. Liggio Preface and Acknowledgments PART I: BASIC ECONOMIC CONCEPTS 1. The Game and the Rules of the Game 2. Transaction Costs PART II: TRANSFORMATION OF THE MEDIEVAL COMMUNITY INTO MODERN SOCIETY: THE RISE OF CLASSICAL LIBERALISM, THE RULE OF LAW AND CAPITALISM 3. From the Middle Ages to Capitalism 4. Capitalism and the Rule of Law Appendix: Afraid to be Free: Dependency as Desideraturm James M. Buchanan 5. The Law of Contract and the Judiciary 6. The Economic Functions of the Constitution 7. Private Property Rights 8. Capitalism, Economic Freedom and Performance 9. The Rule of Law and Capitalism: An Overview PART III: TOWARD A THEORY OF INSTITUTIONAL CHANGE 10. The Method of Analysis 11. The Interaction Thesis 12. The Carriers of Change: The Role of Entrepreneurs 13. Formal Institutions 14. Informal Institutions or Cultural Traditions: The Role of Pathfinders 15. Efficiency-Friendly Institutional Change within the Structure of Tradition Index
£29.40
Edward Elgar Publishing Ltd Money, Investment and Consumption: Keynes’s
Book SynopsisContrary to the commonly perpetuated belief that Keynes's theory is appropriate only to economic depressions, the author of this provocative book maintains that Keynes provided a complete set of macroeconomic relations and the ingredients of a new theoretical model, much more reflective of and analytically appropriate to the 21st century than those on which current macroeconomics is based.With the perspective of Keynes as the backdrop, the author begins with a discussion of the characteristics of the financial crises of 2008 and the 1930s. He then goes on to show that Keynes provided a novel, general theory, constructed as the EC-SP model (different from that of the Classicals' Labour Theory of Value model and the neoClassicals' antithetical IS-LM model), a theory yet unrecognized as being behind both A Treatise on Money and The General Theory. He presents here the premises of Keynes's contributions which still await use by a generation of economists to reassess macroeconomics and orient it in a new direction.This unique and authoritative look at Keynes's body of work will be an essential read for scholars and students of economics. Anyone trying to understand the state of the 'entrepreneurial economy', of which the 2008 financial crisis is but one manifestation prone to recurrence, will find the work an important resource.Trade Review'Professor Hamouda's book is very timely and thought provoking and should be an eye opener for students of economics who were brought up in the anti-Keynesian last decades of the twentieth century, or were taught the garbled rather than updated revived Keynesianism which has recently become popular.' -- Y.S. Brenner, Retired Professor of Economics, Utrecht University, The NetherlandsTable of ContentsContents: Preface Introduction 1. The Financial Crisis of 2008 and the UnKeynesian Keynes 2. Money, Price, and Interest 3. Keynes’s Semantic Shifts: The Shock of A Treatise on Money 4. Keynes’s Theoretical Shift: Casualty of the Criticism of the Treatise 5. Keynes’s Causal Relations: The General Theory Derailed 6. Inflation/Deflation and the Policy of the General General Theory Conclusion Appendices Index
£27.95
Edward Elgar Publishing Ltd The Elgar Companion to Social Economics
Book SynopsisAs this comprehensive Companion demonstrates, social economics is a dynamic and growing field that emphasizes the key role that values play in the economy and in economic life. Social economics treats the economy and economics as being embedded in the larger web of social and ethical relationships. It also regards economics and ethics as essentially connected, and adds values such as justice, fairness, dignity, well-being, freedom and equality to the standard emphasis on efficiency. The Elgar Companion to Social Economics brings together the leading contributors in the field to elucidate a wide range of recent developments across different subject areas and topics. In so doing the contributors also map the likely trends and directions of future research. This Companion will undoubtedly become a leading reference source and guide to social economics for many years to come.Providing concise discussion and an indication of what to expect in future decades, this interdisciplinary Companion will be of great interest to students and academics of social economics and socio-economics, as well as institutional, evolutionary and heterodox economics. It will also appeal to management scholars and those concerned with business ethics.Trade Review'I highly recommend this volume for all scholars interested in challenging conventional wisdom about how a capitalist economy works, and willing to call into question assumptions that narrow our interpretation, preventing more socially beneficial practices from being implemented.' -- International Sociology'Davis and Dolfsma have edited a volume of 36 essays that provides a first-rate introduction to the recent cutting-edge scholarship in social economics. . . the volume provides an impressive and broad array of articles covering traditional social economic topics. . . Each essay is an excellent point of entry into social economic thought. This volume will be of great interest to economists writing in the heterodox tradition and/or to mainstream economists seeking a richer analysis of socioeconomic relationships. Highly recommended.' -- Q.M. Duroy, ChoiceTable of ContentsContents: Preface Social Economics: An Introduction and a View of the Field John B. Davis and Wilfred Dolfsma PART I: SOCIAL CONCERNS IN ECONOMICS 1. Environment and Sustainability Jouni Paavola and Inge Røpke 2. Institutions, Culture and Values Anne Mayhew 3. Insecurity John Vail 4. The Ethical Dimensions of the ‘Globalization Thesis’ Debate George DeMartino PART II: THE SOCIALLY EMBEDDED INDIVIDUAL 5. Individual Preferences and Decision-Making Shaun P. Hargreaves Heap 6. The Conception of the Socially Embedded Individual John B. Davis 7. The Social Dimension of Internal Conflict David George 8. The Socio-economics of Consumption: Solutions to the Problems of Interest, Knowledge and Identity Metin M. Coşgel PART III: INDIVIDUALS IN CONTEXT 9. Capabilities and Well-being Irene van Staveren 10. Culture, Values and Institutions Paul D. Bush 11. Caste and Diversity in India Ashwini Deshpande 12. Feminism and/in Economics Edith Kuiper PART IV: GROWTH AND (IN-)EQUALITY 13. Income Distribution and Inequality Frank A. Cowell 14. The Social Economics of Growth and Income Inequality Morris Altman PART V: SOCIALLY EMBEDDED EXCHANGE: MARKETS 15. Markets Geoffrey M. Hodgson 16. Are Markets Everywhere? Understanding Contemporary Processes of Commodification Luís Francisco Carvalho and João Rodrigues 17. Work: Its Social Meanings and Role in Provisioning Deborah M. Figart and Ellen Mutari PART VI: SOCIALLY EMBEDDED EXCHANGE: FIRMS 18. Firms: Collective Action and its Supportive Values Helena Lopes and José Castro Caldas 19. Knowledge Spillover Entrepreneurship and Innovation in Large and Small Firms David B. Audretsch and Max Keilbach 20. Firms, Managers and Restructuring: Implications of a Social Economics View Hans Schenk PART VII: SOCIAL RELATIONS IN THE ECONOMY 21. Social Capital: A Critique and Extension Nicolas Sirven 22. Social Networks: Structure and Content Wilfred Dolfsma and Rick Aalbers 23. Communication in the Economy: The Example of Innovation Stefan Kesting 24. Methodological Approaches in Economics and Anthropology Pranab Bardhan and Isha Ray PART VIII: FINANCE, MONEY AND POLICY 25. Saving, Stock Market Investments and Pension Systems Martha A. Starr 26. Monetary Policy Sheila C. Dow 27. Banking, Finance and Money: A Social Economics Approach L. Randall Wray 28. Global Finance and Development: False Starts, Dead Ends and Social Economic Alternatives Ilene Grabel PART IX: THE STATE 29. The Welfare State and Privatization Robert McMaster 30. The States of Social Economics Charlie Dannreuther and Oliver Kessler PART X: LAW AND THE ECONOMY 31. Law and Social Economics: A Coasean Perspective David Campbell and Matthias Klaes 32. Social Law and Economics and the Quest for Dignity and Rights Mark D. White PART XI: THE LONG VIEW 33. Technology and Long Waves in Economic Growth Alfred Kleinknecht and Gerben van der Panne 34. Analysing Regional Development: From Territorial Innovation to Path-Dependent Geography Frank Moulaert and Abid Mehmood 35. Radical Institutionalism William M. Dugger 36. Exploitation and Surplus Philip Anthony O’Hara Index
£60.75
Edward Elgar Publishing Ltd Handbook on the History of Economic Analysis
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
£287.00
Edward Elgar Publishing Ltd Handbook on the History of Economic Analysis
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
£200.00
Edward Elgar Publishing Ltd Handbook on the History of Economic Analysis
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
£268.00
Edward Elgar Publishing Ltd Research Handbook on Austrian Law and Economics
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
£170.00
Edward Elgar Publishing Ltd Capitalism as a Moral System: Adam Smith’s
Book SynopsisThis powerful and thoroughly documented book overturns many long-held beliefs about Adam Smith. Spencer Pack demonstrates that contrary to popular myth, Adam Smith was not a dogmatic defender of laissez-faire capitalism and neither was he in favour of regressive taxation. The book stresses for the first time the many qualms and problems - indeed the profound ambiguity - which Adam Smith felt toward the capitalist system.Trade Review'The most noted figure in the history of economic thought is, of course, Adam Smith. Captured in recent times by free-market ideologues who have never read his work, he is also the most misunderstood. This is a fine treatment of this wise, wonderful, literate and intensely pragmatic scholar.' -- John Kenneth Galbraith, Harvard University, US'Adam Smith is frequently hailed as an early advocate of free enterprise, an enemy of government and a spokesman of the industrial bourgeoisie. In this fascinating book however, Spencer Pack argues that Smith's position on the role of the state in a capitalist society was not so different from that of a modern 20th century liberal (in the American sense of that term). Here is a surprising thesis that will make readers think again not just about Adam Smith but also about capitalism and government intervention under capitalism. This is a book that will appeal to an intelligent layman just as much as to professional economists.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: 1. Introduction 2. The Wealth of Nations: The Theoretical Books 3. The Wealth of Nations: The Latter Books 4. Obvious Wealth of Nations Lessons: The Questions of Laissez-Faire and Regressive Taxation 5. The Theory of Moral Sentiments 6. Rhetoric, Science and Smith’s Wealth of Nations 7. Lessons from the Lectures on Jurisprudence 8. Character Formation Under Capitalism: The Downside of Smith’s System of Capitalism 9. Conclusion Bibliography Index
£25.60
Edward Elgar Publishing Ltd A Modern Guide to Keynesian Macroeconomics and
Book SynopsisThis unique and comprehensive 'modern guide' presents state-of-the-art surveys covering the main areas of macroeconomics and economic policy by well-known post-Keynesian authors. The chapters explore intriguing and important issues including: the history and methods of post-Keynesian economics money, credit and central banks growth and income distribution post-Keynesian macroeconomics as an alternative to the New Consensus the macroeconomics of unemployment and labor market issues European economic policies open economy models of distribution and growth international monetary and global economics financialisation and financial crisis. This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics. Contributors:P. Arestis, R.A. Blecker, A.K. Dutt, G.A. Dymski, E. Hein, H. Herr, D.R. Howell, M. Lavoie, O. Onaran, E. StockhammerTrade Review’For more than a decade, most macroeconomists convinced themselves they were witnessing a "Great Moderation". Many Keynesians saw instead the accumulation of a fragility and potential instability that have become dramatically manifest since 2007. The premise of this book is that the financial crisis and Great Recession necessitate a revival of Keynesian macroeconomics, emphasizing the central roles of effective demand, money and finance in modern capitalism. Comprising essays on all aspects of macroeconomic theory and policy, the book will prove invaluable for scholars and graduate students seeking to acquaint themselves with the frontiers of modern Keynesian macroeconomics.’ -- Mark Setterfield, Trinity College’The essays in this book are of the highest quality and give a substantial account of a strand of current heterodox thought.’ -- Victoria Chick, Wirtschaft und GesellschaftTable of ContentsContents: Introduction Eckhard Hein and Engelbert Stockhammer 1. History and Methods of Post-Keynesian Economics Marc Lavoie 2. Money, Credit and Central Banks in Post-Keynesian Economics Marc Lavoie 3. Growth and Income Distribution: A Post-Keynesian Perspective Amitava Krishna Dutt 4. Keynesian Economics and the New Consensus in Macroeconomics Philip Arestis 5. A Post-Keynesian Macroeconomic Model of Inflation, Distribution and Employment Eckhard Hein and Engelbert Stockhammer 6. The Macroeconomics of Unemployment Engelbert Stockhammer 7. Institutions, Aggregate Demand and Cross-Country Employment Performance: Alternative Theoretical Perspectives and the Evidence David R. Howell 8. European Economic and Monetary Union Policies from a Keynesian Perspective Philip Arestis 9. Open Economy Models of Distribution and Growth Robert A. Blecker 10. Globalisation, Macroeconomic Performance and Distribution Özlem Onaran 11. International Monetary and Financial Architecture Hansjörg Herr 12. ‘Financialisation’, Distribution and Growth Eckhard Hein 13. Keynesian Approaches to Financial Crisis Gary A. Dymski Index
£139.00
Edward Elgar Publishing Ltd An Encyclopedia of Keynesian Economics, Second
Book SynopsisThis thoroughly revised and updated second edition of a highly acclaimed and authoritative reference work introduces the major concepts in the field of Keynesian economics.The comprehensive Encyclopedia features accessible, informative and provocative contributions by leading international scholars working in the tradition of Keynes. It brings together widely dispersed yet theoretically congruent ideas, presents concise biographies of economists who have contributed to the debate on Keynes and the Keynesian Revolution, and outlines the basic principles, models and tools used to discuss the economic consequences of The General Theory. Longer entries on specific topics associated with Keynes and the Keynesian Revolution analyse the principal factors that contributed to The General Theory, the economics of Keynes and the rise and apparent decline of Keynesian economics in greater detail.The second edition will ensure that An Encyclopedia of Keynesian Economics will remain the best single reference source on Keynesian economics and will continue to be welcomed by academics, students and teachers of economics as well as by scholars in related social sciences and government policymakers.Contributors: J. Adams, M.S. Aguirre, C. Amsler, D.A. Anderson, J. Aschheim, H. Azari-Rad, J. Barbour, B. Bechtold, S.E. Beck, D. Besomi, R.A. Black, C.E. Bohanon, B.W. Bolch, M.D. Bordo, B.M. Braun, W. Breit, T.A. Burczak, N.J. Burnett, D.A. Campbell, T. Caporale, C. Carey, T. Cate, S. Chapple, H.R. Christensen, N. Churchman, G.E. Clayton, D. Colander, J. Cornwall, W. Darity Jr., J.B. Davis, R.W. Dimand, S. Dow, A.K. Dutt, B.T. Elmslie, D.W. Findlay, J. Fleck, J.L. Ford, C.S. Fraley, E.N. Gamber, R.W. Garrison, M.G. Giesbrecht, G. Gilbert, M.J. Gootzeit, F. Guo, P. Groenewegen, F. Guo, L.J. Haber, D.L. Hammes, G.C. Harcourt, R.L. Hetzel, D.J. Hoaas, B.K. Hobbs, R.P.F. Holt, L.M. Hooks, J.B. Horowitz, Y.S. Huang, T.M. Humphrey, W.K. Hutchinson, J.P. Jacobsen, S.A. Jacobsen, D.W. Jansen, M.C.W. Janssen, A. John, L.E. Johnson, L. Jonung, V. Kapuria-Foreman, S. Kates, A.B. Kline, V. Kumar, W.E. Laird, D. Landreth, H. Landreth, R. Leeson, R.D. Ley, A. Maneschi, J.N. Marshall, P.H. Matthews, M.J. McCrickard, R. McCulloch, E.J. McKenna, A. Millmow, P. Mizen, D.E. Moggridge, M.R. Montgomery, G.H. Moore, J. Morgan, A.R. Moshtagh, L.S. Moss, N.R. Noble, L. Noyd, R.I. Obar, T. Palivos, D.B. Papadimitriou, J.E. Payne, T.P. Potiowsky, J.R. Presley, M. Rahnama-Moghadam, L. Ramrattan, S. Rashid, R.J. Rotheim, H. Samavati, W.J. Samuels, P.A. Samuelson, R.J. Sandilands, F. Schneider, L. Servén, Y. Shionoya, S. Simkins, N.T. Skaggs, R. Skidelsky, R.M. Solow, L.C. Spector, F.G. Steindl, Q. Su, L.P. Syll, M. Szenberg, G.S. Tavlas, H.-M. Trautwein, H. Uzawa, H.R. Vane, K.I. Vaughn, A.I. Veramallay, D.A. Walker, C. Waller, L.S. Wilson, J.S. Wood, L.R. Wray, W.P. Yohe, J.T. Young, D.C. ZannoniTrade ReviewAcclaim for the first edition: 'The book will also be of some interest to serious scholars, partly because it includes biographies of many economists too young to have been included in the New Palgrave, such as Dornbusch, Fisher, Herschel Grossman, Kregel, Lucas, and Robert Townsend. It also includes some very interesting longer essays.' --Peter Howitt, The Economic Journal --Elizabeth Webster, Economic Record'This reviewer found using this source exhilarating and endowed with additional interest in view of the 1997 discussion on the inclusion or noninclusion of Keynesian economics in introductory economics textbooks. The editors should be applauded for helping to preserve a part of intellectual heritage.' --Bogdan Mieczkowski, American Reference BooksTable of ContentsContents: Introduction to the Second Edition Absolute Income Hypothesis Accelerator Principle Ackley, Hugh Gardner Adjustment Mechanisms of the Basic Classical and Keynesian Models Aggregate Demand–Aggregate Supply Model and Diagram Arrow, Kenneth J. Austrian School of Economics Automatic Stabilizers Balance of Payments: Keynesian and Monetarist Approaches Baumol, William J. Bloomsbury Group Boulding, Kenneth E. Bretton Woods Brown, Arthur J. Brunner, Karl Burns, Arthur F. Business Cycle Theory (I) Business Cycle Theory (II) Cagan, Phillip D. Cambridge Circus Cassel, Gustav Champernowne, David G. Chicago School of Economics Clark, Colin Classical Economics Clower, Robert W. Consumption and the Consumption Function Coordination Failures and Keynesian Economics Crowding Out Currie, Lauchlin Davidson, Paul Deficits: Cyclical and Structural Demand Management Depression, The Great Dillard, Dudley Domar, Evsey D. Dornbusch, Rudiger Dual Decision Hypothesis Dynamic Stochastic General Equilibrium Models Econometric Models, Macroeconomic Economics of Keynes and of his Revolution, Key Elements of the Economics, The Art of Edgeworth, Francis Y. Employment Act of 1946 Expectations, Theories of Fellner, William J. Fiscal Policy Fischer, Stanley Friedman, Milton Frisch, Ragnar Full Employment Budget Functional Finance Galbraith, John K. Gesell, Silvio Government Investment Programs (the Socialization of Investment) Grossman, Herschel I. Haavelmo, Trygve Hahn, Frank H. Hansen, Alvin H. Harcourt, Geoff C. Harrod, Sir Roy Hawtrey, Sir Ralph Hayek, Friedrich A. von Heckman, James J. Heller, Walter W. Henderson, Sir Hubert D. Hicks, Sir John R. Incomes Policies Inflation Interest, Theories of International Clearing Union IS/LM Model and Diagram Johnson, Harry Gordon Jorgenson, Dale W. Kahn, Lord Richard F. Kaldor, Lord Nicholas Kalecki, Michał Keynes, John Maynard Keynes, John N. Keynes and Probability Keynes, The Influence of Burke and Moore on Keynes?, What Remains of Keynes’s Economics, National Income Accounting Activism and Keynesian Cross Keynesian Economics, Deficit Finance in Keynesian Indicators Keynesian Revolution Keynesianism in America Klein, Lawrence R. Kregel, Jan A. Kuznets, Simon Lausanne, The School of Leijonhufvud, Axel Lender of Last Resort Leontief, Wassily W. Lerner, Abba P. Life Cycle Hypothesis Lipsey, Richard G. Liquidity Trap Lucas, Jr., Robert E. Lucas Critique Lundberg, Erik Machlup, Fritz Malinvaud, Edmond Markowitz, Harry M. Marshall, Alfred Marshall and Keynes McFadden, Daniel Meade, James E. Meltzer, Allan H. Merton, Robert C. and Myron S. Scholes Metzler, Lloyd A. Microfoundations of Macroeconomics Minsky, Hyman P. Modigliani, Franco Monetary Policy Monetizing the (Federal) Debt Money Multiplier Effect Mundell, Robert A. Mundell–Fleming Model Myrdal, Gunnar Neoclassical Synthesis (Bastard Keynesianism) New Classical School of Economics New Keynesian Macroeconomics Niemeyer, Sir Otto E. Ohlin, Bertil Okun, Arthur M. Okun’s Law Permanent Income Hypothesis Phillips, A.W.H. Phillips Curve Pigou, Arthur C. Post Keynesian School of Economics Post Walrasian Economics Prospect Theory Quantity Theory of Money Real Balance Effect Relative Income Hypothesis Ricardian Equivalence Ricardo Effect Robbins, Lord Lionel Robertson, Sir Dennis H. Robinson, Joan Rothschild, Kurt W. Samuelson, Paul A. Say’s Law Schumpeter, Joseph A. Schwartz, Anna J. Shackle, G.L.S. Sharpe, William F. Solow, Robert M. Sraffa, Piero Stein, Herbert Stockholm School of Economics Stone, Sir John Richard N. Structured Financial Products Swan, Trevor W. Tarshis, Lorie Tobin, James Townsend, Robert Treasury View Viner, Jacob Weintraub, Sidney White, Harry D. Wicksell, Knut
£245.00
Edward Elgar Publishing Ltd Christian Theology and Market Economics
Book SynopsisThere was a time when theologians and economists knew much more about each other's work than they do today. This book is dedicated to reconnecting two disciplines that study different dimensions of the human condition. The well respected contributors - economists, theologians, some both - explore the interaction of Christian theology and market economics, from the earliest times to the modern day. There is much to surprise, puzzle and edify serious students of theology and economics as well as the merely curious.This unique work has a historical time-span reaching from Aristotle to the modern day, thus appealing to those interested in the history of ideas and economic thought as well as the links between theological and economic thought. Economists studying the intellectual roots of their discipline, as well as Christians researching the links between Christian beliefs and the worldly philosophy governing everyday commercial lives will also welcome it.Trade Review'. . . the volume provides a number of strong essays that can help economists and others understand the intricate relationship that economics has historically had to theology and Christian religion.' -- Daniel K. Finn, History of Economic Ideas'This book is a significant contribution to Christian discussion of economics.' -- Gordon Preece, Zadok Perspectives'Theologians wanting to start the journey about what it means to think Christianly about economic issues will find this text a useful introduction. Protestants, unfamiliar with Catholic teaching on economics, will benefit from the mature reflection exhibited by the Catholic Church's long ecclesiastical memory. The authors deftly avoid controversies that presently divide Christians into difference communions. . . the authors are to be commended for their lucid call for theologians to engage in the complex world of money and markets.' -- Stephen M. Vantassel, Journal of Markets & Morality'Christian Theology and Market Economics is a welcome and important contribution to the dialogue between serious Christian thinking and market economics.' -- Bishop Robert Forsyth, PolicyTable of ContentsContents: Introduction Ian R. Harper and Samuel Gregg PART I: CHRISTIANITY AND THE HISTORY OF ECONOMIC THOUGHT 1. Aristotle’s Science of Economics Ricardo F. Crespo 2. Christianity’s Pre-Enlightenment Contribution to Economic Thought Stephen J. Grabill 3. Commercial Order and the Scottish Enlightenment: The Christian Context Samuel Gregg 4. Christianity’s Post-Enlightenment Contribution to Economic Thought Paul Oslington PART II: CHRISTIANITY AND ECONOMIC THEORY 5. Christian Theology and Economics: Convergence and Clashes Geoffrey Brennan and Anthony M.C. Waterman 5. Economics as Identity Gordon Menzies PART III: CHRISTIANITY AND MODERN BUSINESS 7. Business as a Moral Enterprise Michael J. Miller 8. Modern Business and its Moral and Ethical Dilemmas in a Globalized World Philip Booth 9. Treating ‘Affluenza’: The Moral Challenge of Affluence Ian R. Harper and Eric L. Jones 10. The Role of Business in the Fight Against Poverty Peter S. Heslam Bibliography Index
£35.10
Edward Elgar Publishing Ltd The Elgar Companion to Public Choice, Second
Book SynopsisThe Elgar Companion to Public Choice, Second Edition brings together leading scholars in the field of political economy to introduce readers to the latest research in public choice.The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance, and to modeling and predicting the behavior of international organizations and transnational terrorism.With broad and up-to-date coverage, this second edition will appeal to politicians and policymakers, academics and researchers in public and social choice and political science as well as graduate students in economics, political science and public administration.Contributors include: D.G. Arce M., A. Batinti, F. Bose, G. Brennan, M. Brooks, U. Cantner, R.D. Congleton, C.J. Coyne, N.V. Crain, W.M. Crain, R.B. Ekelund Jr, J.S. Ferris, R.K. Fleck, A. Glazer, A. Hamlin, F.A. Hanssen, A.L. Hillman, R.G. Holcombe, L.W. Kenny, Y. Kim, M.S. Kimenyi, K.M. Larkin-Wong, J.G. Matsusaka, F.S. McChesney, R.R. McGregor, D.C. Mueller, M.C. Munger, F. Padovano, A. Pellillo, R. Pietrantonio, A. Razo, L. Razzolini, M. Reksulak, C.K. Rowley, P.H. Rubin, J.M. Shepherd, W.F. Shughart II, R.S. Sobel, T. Stratmann, O. Taiwo, R.D. Tollison, R. Vaubel, M. WohlgemuthTrade Review‘This is a comprehensive set of essays on myriad facets of public choice by many of the leading contributors in the field. The coverage is excellent and the essays are terrific. I highly recommend this book for researchers and students.’ -- Todd Sandler, University of Texas at Dallas, US‘Co-Editors Michael Reksulak, Laura Razzolini, and William Shughart have assembled a fine extension of the first Elgar Companion to Public Choice that was published in 2003 (Shughart and Razzolini 2003). . . Overall, the 2013 Companion is useful to scholars both as specialists in the specific topics covered and as generalists interested in surveying the field.’ -- Edward J. Lopez, Journal of Public Finance & Public ChoiceTable of ContentsContents: Preface to the Second Edition Preface to the First Edition PART I: THE CHOICE IN PUBLIC CHOICE 1. Individual Choice and Collective Choice: An Overview Michael Reksulak, Laura Razzolini and William F. Shughart II 2. Public Choice: The Origins and Development of a Research Program Charles K. Rowley 3. Political Science and Public Choice Michael C. Munger PART II: THE FRAMEWORK OF GOVERNMENT 4. The Origins of the State Dennis C. Mueller 5. Constitutional Political Economy Alan Hamlin 6. Autocrats and Democrats Armando Razo PART III: SYSTEMS OF COLLECTIVE DECISION-MAKING 7. Expressive Voting Geoffrey Brennan and Michael Brooks 8. Direct Democracy John G. Matsusaka 9. Legislatures Nicole V. Crain and W. Mark Crain 10. Parliaments Fabio Padovano 11. Federal Systems Randall G. Holcombe 12. Tribal Systems Mwangi S. Kimenyi and Olumide Taiwo PART IV: PUBLIC CHOICE ANALYSES OF THE TOOLS OF GOVERNMENT 13. The Politics of Elections and Congressional Oversight Russell S. Sobel and Adam Pellillo 14. Judges: Why do they Matter? Robert K. Fleck and F. Andrew Hanssen 15. Monetary Policy Rob Roy McGregor 16. Fiscal Policy J. Stephen Ferris 17. Regulatory Policy Amihai Glazer 18. The Public Choice Perspective on Antitrust Law Fred S. McChesney and Katherine M. Larkin-Wong PART V: PUBLIC CHOICE PERSPECTIVES ON THE RELATIONS BETWEEN GOVERNMENT AND THE GOVERNED 19. Rent Seeking Arye L. Hillman 20. Campaign Finance Thomas Stratmann 21. Public Choice and the Law Paul H. Rubin and Joanna M. Shepherd 22. Public Choice and the Modern Welfare State Roger D. Congleton with Alberto Batinti, Feler Bose, Youngshin Kim and Rinaldo Pietrantonio 23. Public Choice and Public Education Lawrence W. Kenny 24. Public Choice and Religion Robert B. Ekelund Jr and Robert D. Tollison 25. Experimental Public Choice Laura Razzolini 26. Evolutionary Public Choice Uwe Cantner and Michael Wohlgemuth PART VI: PUBLIC CHOICE PERSPECTIVES ON THE RELATIONS BETWEEN INTERNATIONAL ACTORS 27. International Organizations Roland Vaubel 28. The Political Economy of War and Peace Christopher J. Coyne and Adam Pellillo 29. Collective Action and (Counter) Terrorism Daniel G. Arce M. References Index
£205.00
Edward Elgar Publishing Ltd Keynes and the Quest for a Moral Science: A Study
Book SynopsisIn this innovative highly readable contribution to the study of Keynes, Wayne Parsons makes a radical departure from the conventional approaches to Keynesian economies.As a political scientist Parsons believes that, if we are to grasp the revolutionary nature of Keynes's way of thinking about policy problems, we need to place his theories in a wider intellectual and inter-disciplinary setting. Keynes, he suggests, was a social scientist, philosopher and opinion-former with one foot in the age of science and another in the age of sorcery. Like Newton, about whom Keynes wrote with considerable knowledge and insight, he was a thinker whose method was rooted in an alchemical fascination with the art of transmutation and the quest for the philosophers' stone. Parsons maintains that unless we appreciate this alchemical quality of Keynes's economics we fail to comprehend his particular genius as a philosopher of possibility. The author paints a portrait of a Bloomsbury Faust, a Mephistopheles in Whitehall: an image which is a long way removed from the modernist discourse which has largely framed our reading of his economics. Free from the mechanistic and positivistic language which has come to obscure his work Wayne Parsons concludes that Keynes can once again become a source of inspiration and illumination for the theory and practice of public policy.Keynes and the Quest for a Moral Science is an accessible, highly readable account which will appeal to scholars and students in the field of economics, history of economics, public policy and history of ideas.Trade Review'Keynes and the Quest for a Moral Science will attract both intellectuals who love ideas and public policy proponents who are looking for a coherent and practical schemata. It is very readable, there is a defined theme, and the author has a learned and fertile mind.'Table of ContentsContents: Preface and Acknowledgements 1. A Bloomsbury Faust 2. Newton’s Alchemy and Keynes’s Moral Science 3. Auri Sacra Fames: Money, Sex and Religion 4. Squaring the Circle: The General Theory 5. War and the Transmutation of Capitalism 6. Out of the Ashes: Keynes’s Policy Science Index
£30.35
Edward Elgar Publishing Ltd Cooperative Enterprise: Facing the Challenge of
Book SynopsisThis eloquent book analyses the theory of the cooperative form of enterprise from an historic perspective, whilst assessing its appeal in the current economic environment.The authors show that cooperatives are enterprises acting in harmony in the market economy, and explore the following questions: How do cooperatives achieve solidarity in keeping together elements normally considered in conflict? Why is the cooperative enterprise not as widespread as the capitalist enterprise? What is its appeal in the present conditions of crisis of the world economy? Alongside other related issues, the volume also discusses the theoretical foundations of the cooperative enterprise and offers an overview of the historical development of the cooperative movement around the world. Special reference is made to the Italian case, which is scarcely known within the international milieu. Broad in scope whilst concise in elucidation, this book will be invaluable to students enrolled in economic, social, historical and political curricula, as well as leaders of the cooperative movement. People interested in finding a practical alternative to the capitalist form of enterprise will also find this book enriching.Trade Review'Cooperatives stem from interchanges in day-to-day life; and have the capacity to extend their reach to cover economic exchanges across time and space. They offer a complementary form of relationships to the ones economists typically study and favour. A culmination of years of research, this book quite magnificently explains and persuasively advocates a much neglected institution.' -- Sir Partha Dasgupta, University of Cambridge, UKTable of ContentsContents: Preface 1. Introduction 2. The Birth of Cooperative Enterprise: Where, When, How 3. What is a Cooperative? 4. The Development of Cooperation in the World 5. The Cooperative Movement in Italy 6. The Economic Performance of Cooperative Enterprises 7. Cooperative Governance 8. Conclusion References Index
£23.95
Edward Elgar Publishing Ltd Famous Figures and Diagrams in Economics
Book SynopsisThis is a unique account of the role played by 58 figures and diagrams commonly used in economic theory. These cover a large part of mainstream economic analysis, both microeconomics and macroeconomics and also general equilibrium theory. The authoritative contributors have produced a well-considered and definitive selection including some from empirical research such as the Phillips curve, the Kuznets curve and the Lorenz curve. Almost all of them are still found in contemporary textbooks and research. Each entry presents an accurate and concise record of the history of the figure or diagram, including later developments and any controversy that arose in its development. As a whole, the book highlights how the use of geometric methods has played a central part in the development of economic theory and analysis; as a method of discovery, more commonly as a method of exposition and occasionally as a method of proof of propositions in economic theory and analysis.This highly anticipated book will appeal to theorists in microeconomics or macroeconomics, scholars of economic theory and analysis, as well as students in microeconomics, general equilibrium theory or macroeconomics at the advanced undergraduate or graduate level who want a definitive account of some figure or diagram. Historians of economic thought and methodologists will also find this book an invaluable resource.Contributors: S. Ashok, R.E. Backhouse, W.J. Baumol, M. Blaug, R. Boyer, L. Cameron, J.S. Chipman, A.J. Cohen, J.S. Cramer, J. Creedy, A.V. Deardorff, R.W. Dimand, A. Dixit, R. Dixon, B.C. Eaton, J. Eichberger, N. Erkal, R. Färe, L. Gangadharan, N. Giocoli, Y. Giraud, S. Grosskopf, H. Haller, D.W. Hands, G.C. Harcourt, T.M. Humphrey, R.W. Jones, N. Kakwani, M. Kemp, J.E. King, A.O. Krueger, D. Laidler, C. Lee, R.G. Lipsey, P. Lloyd, F. Maclachlan, R. Middleton, M. Nerlove, Y.-K. Ng, A. Panagariya, P. Rodenburg, R. Rothschild, M. Schneider, H.-l. Shi, A. Skinner, B.J. Spencer, H. Thompson, J. Whalley, R. Williams, W.C. Woo, A.D. Woodland, W. YoungTrade Review‘. . . the book is a marvellous achievement and a major contribution to the history of economic thought. . . The book provides a genuinely interesting perspective on the development of modern economics. Each diagram illustrates a single analytical point, but there is a cumulative logic to the exposition of the various diagrams that reproduce the main turns in the development of modern economic theory. So reading the book cover-to-cover is an excellent way of working through the logic of the discipline. . . Famous Figures and Diagrams in Economics is a major contribution to the history of economic thought and repays close study by anyone who wants to have a better understanding of how economists reason.’ -- Daniel Little, Journal of Economic Methodology‘. . . there is much of interest in this volume. . . The study under review makes for enjoyable reading for those who either have drawn economic diagrams on the blackboard as part of their teaching, or, for that matter, for those who as students recall painful inability to understand the point of the diagram, so carefully constructed on the blackboard by one of their teachers.’ -- Peter Groenewegen, History of Economics Review‘A picture is said to be worth a thousand words. A picture can easily be worth two or three equations, and it is certainly more memorable. I can draw and use an Edgeworth box more quickly than I can write down its formulas. There is a vast amount of economics packed into the 58 diagrams and expert commentaries in this unique book. Take it with you to your favourite desert island. All you need is a sandy beach and a pointed stick.’ -- Robert Solow, Massachusetts Institute of Technology, US‘This book is a goldmine of information and interpretation for historians of economics, and thoughtful economists of all kinds. The origin and evolution of important figures and diagrams in economics will now be instantly at their fingertips. The authors of the entries are a galaxy of distinguished economists and historians whose accounts can be trusted. One must ask why no one has put together such a collection before.’ -- Craufurd Goodwin, Duke University, USTable of ContentsContents: Introduction Mark Blaug and Peter Lloyd PART I: SINGLE MARKET ANALYSIS (PARTIAL EQUILIBRIUM) Basic Tools of Demand and Supply Curve Analysis 1. Marshallian Cross Diagrams Thomas M. Humphrey 2. The Stability of Equilibrium Mark Blaug 3. Indifference Curves and Isoquants Mark Blaug and Peter Lloyd 4. The Elasticity of Substitution Robert Dixon 5. Substitution and Income Effects Hans Haller 6. Engel Curves Ross Williams 7. Homothetic Production and Utility Functions Rolf Färe and Shawna Grosskopf 8. Long-run and Short-run Cost Curves Fiona Maclachlan 9. The Product Exhaustion Theorem Cassey Lee 10. Classification of Technical Change Robert Dixon 11. Nash Equilibrium Jürgen Eichberger Welfare Economics 12. Consumer Surplus Yew-Kwang Ng 13. The Harberger Triangle Yew-Kwang Ng 14. Community Indifference Curves and the Scitovsky ‘Paradox’ Richard G. Lipsey 15. The Taxation of External Costs Yew-Kwang Ng 16. Monopoly and Price Discrimination William J. Baumol 17. Duopoly Reaction Curves Nicola Giocoli 18. Monopolistic Competition Andrew Skinner 19. Kinked Demand Curves R. Rothschild Special Markets and Topics 20. Backward-bending Labour Supply Curves John E. King 21. Location Theory: The Contributions of von Thünen and Lösch B. Curtis Eaton and Richard G. Lipsey 22. Hotelling’s Model of Spatial Competition Nisvan Erkal 23. Cobweb Diagrams Marc Nerlove 24. Reswitching and Reversing in Capital Theory Avi J. Cohen and Geoffrey C. Harcourt 25. The Markowitz Mean-variance Diagram Fiona Maclachlan 26. Rent-seeking Diagrams Anne O. Krueger 27. The Logistic Growth Curve J.S. Cramer 28. Graph Theory and Networks Cassey Lee PART II: GENERAL EQUILIBRIUM ANALYSIS Basic Tools of General Equilibrium Analysis 29. Circular Flow Diagrams Roger E. Backhouse and Yann Giraud 30. The Unit Simplex John Whalley 31. The Edgeworth Box John Creedy 32. The Role of Numbers in Competition John Creedy 33. Production Possibility Frontiers Ronald W. Jones 34. The Utility-Possibility Frontier John S. Chipman 35. The Factor Price Frontier Alan D. Woodland 36. Pareto Efficiency Peter Lloyd 37. The Phase Diagram Technique for Analyzing the Stability of Multiple-market Equilibrium D. Wade Hands 38. The Theory of Second Best and Third Best Wai Chiu Woo Open Economies 39. The Offer Curve Murray Kemp 40. The Stolper-Samuelson Box Henry Thompson 41. The Lerner Diagram Alan V. Deardorff 42. The Trade Theory Diagram Peter Lloyd 43. The Four-quadrant Diagram for the Two-sector Heckscher-Ohlin Model Arvind Panagariya 44. The Integrated World Equilibrium Diagram Avinash Dixit 45. The Optimal Tariff Murray Kemp PART III: MACROECONOMICS Macroeconomic Analysis and Stabilisation 46. Keynesian Income Determination Diagrams Michael Schneider 47. The IS-LM Diagram Warren Young 48. The Fleming-Mundell Diagram Russell Boyer and Warren Young 49. The Aggregate Demand Aggregate Supply Diagram Richard G. Lipsey 50. The Phillips Curve Richard G. Lipsey 51. The UV or Beveridge Curve Peter Rodenburg 52. The Demand Curve for Money David Laidler 53. Non-neutrality of Money He-ling Shi 54. The Laffer Curve Roger Middleton Growth, Income Distribution and Other Topics 55. Intertemporal Utility Maximization – the Fisher Diagram Thomas M. Humphrey 56. The Diagrams of the Solow-Swan Growth Model Barbara J. Spencer and Robert W. Dimand 57. The Lorenz Curve Nanak Kakwani 58. Kuznets Curves Lisa Cameron, Lata Gangadharan and Sowmiya Ashok Index
£48.40
Edward Elgar Publishing Ltd The Elgar Companion to Post Keynesian Economics,
Book SynopsisThis thoroughly revised and updated second edition provides a comprehensive guide to Post Keynesian methodology, theory and policy prescriptions. The Companion reflects the challenges posed by the global financial crisis that began in 2008 and by the consolidation of the New Neoclassical Synthesis in macroeconomic theory. There are 41 entirely new entries, marking the emergence of a new generation of Post Keynesian scholars. The central issues that were dealt with in the first edition remain at the core of the book, but much more attention is paid in this second edition to financial markets, to Post Keynesian economics outside its traditional Anglo-American heartland and to gender issues and environmental policy. Including major theoretical, methodological and policy issues in Post Keynesian economics, this enriching Companion will strongly appeal to postgraduate and advanced undergraduate students in economics as well as related social science disciplines including international political economy, international relations, politics, public policy and sociology.Contributors: A. Altuzarra, P. Arestis, T. Asada, A. Barba, T. Baskoy, J. Bibow, S. Blankenburg, R.A. Blecker, H. Bloch, A. Brown, D. Bunting, F.J. Cardim de Carvalho, V. Chick, J. Cornwall, W. Cornwall, J. Courvisanos, C. Danby, F. Dantas, P. Davidson, L.F. De Paula, D. Dequech, S.C. Dow, P. Downward, S. Dullien, S.P. Dunn, A.K. Dutt, S. Fazzari, F. Ferrari-Filho, B. Fine, G. Fontana, M. Forstater, G. Fujii, R. Garnett, B. Gerrard, M. Glickman, G.C. Gu, G.C. Harcourt, J.T. Harvey, M. Hayes, E. Hein, J.F. Henry, G. Hewitson, M.C. Howard, P. Howells, T. Jefferson, J. Jespersen, T.-H. Jo, D.W. Katzner, S. Keen, S. Kelton, J.E. King, P. Kriesler, M. Lavoie, J. Leclaire, F.S. Lee, J. Lodewijks, M.C. Marcuzzo, J.S.L. McCombie, E.J. McKenna, A. Mearman, J. Melmiès, W. Mitchell, G. Mongiovi, T. Mott, T. Mouakil, Y. Nersisyan, J.W. Nevile, T. Niechoj, R. O'Donnell, P.A. O'Hara, A. Pacella, T.I. Palley, G. Palma, C. Panico, S.D. Parsons, N. Perry, M. Pivetti, R. Pollin, S. Pressman, J. Priewe, A. Razmi, R. Realfonzo, C. Rider, L.-P. Rochon, C.J. Rodríguez-Fuentes, S. Rossi, C. Sardoni, M. Sawyer, R.H. Scott III, M. Setterfield, N. Shapiro, H.J. Sherman, P. Skott, J. Smithin, E. Stockhammer, R. Studart, P.R. Tcherneva, A.P. Thirlwall, Z. Todorova, J. Toporowski, G. Tortorella Esposito, A.B. Trigg, É. Tymoigne, L. Ussher, T. Van Treeck, A. Vercelli, M. Vernengo, M. Watts, E. Webster, A. Winnett, M.H. Wolfson, L.R. Wray, D.C. ZannoniTrade Review‘The Elgar Companion to Post Keynesian Economics is a comprehensive guide to economic analyses in the tradition of Keynes and the so-called Cambridge (UK) school of economics. The coverage of themes and different theoretical orientations within Post Keynesianism is remarkable and the quality of the various entries is impressive. John King's invisible hand is responsible for a minimum of overlaps and an optimum in quality and comprehensibility. This book has already proved to be of interest to a wide range of economists and can be expected to continue to do so for a long time to come.’ -- Heinz D. Kurz, University of Graz, AustriaThe effort that has been put for the publication of this book is highly meritorious and it can be considered a complete encyclopedia of the current status of the scientific research in the tradition of Keynes. . . Many of the issues contained in this book provide an interesting re-reading of authors of the past and, in this sense, it is recommendable also for historians of political economy.’ -- Guglielmo Forges Davanzati, OeconomiaTable of ContentsContents: Introduction 1. Agency Edward J. McKenna and Diane C. Zannoni 2. Australia J.E. King 3. Austrian School of Economics Stephen D. Parsons 4. Babylonian Mode of Thought Sheila C. Dow 5. Balance-of-Payments-Constrained Economic Growth John S.L. McCombie 6. Banking Gillian Hewitson 7. Bastard Keynesianism John Lodewijks 8. Behavioural Economics Therese Jefferson and J.E. King 9. Brazil Luiz Fernando de Paula and Fernando Ferrari-Filho 10. Bretton Woods Matías Vernengo 11. Budget Deficits Joëlle Leclaire 12. Business Cycles Peter Skott 13. Cambridge Economic Tradition G.C. Harcourt 14. Capital Theory Ben Fine 15. Central Banks Fernando J. Cardim de Carvalho 16. Chartalism Sergio Rossi 17. Choice under Uncertainty Victoria Chick and Sheila C. Dow 18. Circuit Theory Riccardo Realfonzo 19. Competition Nina Shapiro 20. Consumer Debt Robert H. Scott, III 21. Consumer Theory Marc Lavoie 22. Consumption David Bunting 23. Conventions David Dequech 24. Credit Rationing Martin H. Wolfson 25. Critical Realism Andrew Brown 26. Development Finance Rogério Studart 27. Econometrics Paul Downward 28. Economic Development Stephanie Blankenburg and Gabriel Palma 29. Economic Policy Malcolm Sawyer 30. Effective Demand Mark Setterfield 31. Efficient Markets Hypothesis Mark Hayes 32. Employer of Last Resort Pavlina R. Tcherneva 33. Employment Engelbert Stockhammer 34. Environmental Economics Adrian Winnett 35. Environmental Policy Neil Perry 36. Equilibrium and Non-equilibrium Donald W. Katzner 37. Exchange Rates John T. Harvey 38. Expectations Éric Tymoigne 39. Export-led Growth Arslan Razmi 40. Financial Instability Hypothesis Louis-Philippe Rochon 41. Financial Markets Jörg Bibow 42. Financial Reform Aldo Barba 43. Financialization Till Van Treeck 44. Fiscal Policy J.W. Nevile 45. Full Employment William Mitchell and Martin Watts 46. Fundamentalist Keynesians Bill Gerrard 47. Galbraith’s Economics Stephen P. Dunn 48. Gender Colin Danby 49. Germany and Austria Torsten Niechoj 50. Global Financial Crisis Stephanie Blankenburg 51. Growth and Income Distribution Carlo Panico 52. Growth Theory Steve Keen 53. Households Zdravka Todorova 54. Income Distribution Thomas I. Palley 55. Inflation John Smithin 56. Innovation Jerry Courvisanos 57. Institutionalism Steven Pressman 58. International Economics Robert A. Blecker 59. International Financial Reform Leanne Ussher 60. Investment Tracy Mott 61. Italy Andrea Pacella and Guido Tortorella Esposito 62. Japan Toichiro Asada 63. Joan Robinson’s Economics Maria Cristina Marcuzzo 64. Journal of Post Keynesian Economics Phillip Anthony O’Hara 65. Kaldorian Economics A.P. Thirlwall 66. Kaleckian Economics Jan Toporowski 67. Keynes’s General Theory Paul Davidson 68. Keynes’s Treatise on Money Giuseppe Fontana 69. Keynes’s Treatise on Probability Rod O’Donnell 70. Latin American Structuralism Gerardo Fujii 71. Liquidity Preference Stephanie Kelton (née Bell) 72. Macroeconomic Methodology Jesper Jespersen 73. Marginalism Harry Bloch 74. Market Governance Tuna Baskoy 75. Microfoundations Steven Fazzari 76. Monetary Policy Peter Howells 77. Money L. Randall Wray 78. Money Manager Capitalism Yeva Nersisyan 79. Multiplier Andrew B. Trigg 80. New Classical Economics Alessandro Vercelli 81. New Keynesian Economics Wendy Cornwall 82. New Neoclassical Synthesis Sebastian Dullien 83. Non-ergodicity Stephen P. Dunn 84. Open Systems Andrew Mearman 85. Pluralism in Economics Rob Garnett 86. Price Rigidity Jordan Melmiès 87. Prices and Pricing Gyun Cheol Gu and Frederic S. Lee 88. Production Amitava Krishna Dutt 89. Profits Elizabeth Webster 90. Rate of Interest Massimo Pivetti 91. Regional Monetary Policy Carlos J. Rodríguez-Fuentes 92. Saving Robert Pollin 93. Say’s Law Claudio Sardoni 94. Socialism Howard J. Sherman 95. Sraffian Economics Gary Mongiovi 96. Stagflation Mark Setterfield and John Cornwall 97. Stock–Flow Consistent Modelling Tarik Mouakil 98. Sustainable Development Jerry Courvisanos 99. Technology and Innovation Amaia Altuzarra 100. Time in Economic Theory John F. Henry 101. Time-series Econometrics Flavia Dantas 102. Tobin Tax Philip Arestis 103. Transition Economies Christine Rider 104. Traverse Peter Kriesler 105. Uncertainty Murray Glickman 106. Underconsumption J.E. King 107. Unemployment Mathew Forstater 108. University of Missouri–Kansas City Frederic S. Lee 109. Wage Deflation Jan Priewe 110. Wage- and Profit-led Regimes Eckhard Hein 111. Walrasian Economics M.C. Howard 112. Welfare Economics Tae-Hee Jo Index
£212.00
Edward Elgar Publishing Ltd Handbook of Economic Organization: Integrating
Book SynopsisThis comprehensive and groundbreaking Handbook integrates economic and organization theories to help elucidate the design and evolution of economic organization.Economic organization is regarded both as a subject of inquiry and as an emerging disciplinary field in its own right, integrating insights from economics, organization theory, strategy and management, economic sociology and cognitive psychology. The contributors, who share this integrated approach, are distinguished scholars at the productive peak in their fields. Each original, state-of-the art chapter not only addresses foundational issues, but also identifies key issues for future research.This original and wide-ranging Handbook will be a useful and thought-provoking read for academics, students and researchers in the fields of organization, management and economics.Contributors: N. Argyres, M.M. Blair, G. Bonifati, R.M. Burton, M.G. Colombo, L. Feng, N.J. Foss, B.S. Frey, V.P. Goldberg, A. Grandori, G. Hendrikse, J.-F. Hennart, G.M. Hodgson, A. Holl, B.E. Kaufman, P.G. Klein, P.H. Kriss, K.R. Lakhani, J.-E. Lane, R. Leoni, H. Lifshitz-Assaf, S. Lindenberg, J.T. Mahoney, S.E. Masten, B. Obel, M. Osterloh, U. Pagano, J. Pencavel, P. Puranam, R. Rama, M. Raveendran, C. Rossi-Lamastra, L. Sacconi, R. Sanchez, M.L. Tushman, M. Villani, M. Warglien, R. Weber, J. Windsperger, T.R. ZengerTrade Review’This excellent volume brings together some of the most interesting writings on economic organization. It covers a vast range of topics that fall under the heading of economic organization, and most if not all aspects of a variety of organizational economics and organization theories are presented. Interestingly, this book also extends beyond the more traditional approaches informed by economics and organization theory as it broadens the horizon of the field by including relevant contributions from economic sociology, cognitive psychology, law, and strategic management. Given its breadth and depth, this volume will become one of the standard reference books that will inspire both theoretical and empirical research.’ -- John Hagedoorn, Maastricht University, The Netherlands‘This important new Handbook of Economic Organization is a highly successful attempt to integrate economic and organization theory. Anna Grandori, who is herself a leading scholar located at the boundaries of economics and organization theory, is to be congratulated on doing a superb job bringing together such a high profile group of internationally acknowledged scholars. Each of the essays in the book are original and contribute to demonstrating the valuable insights that economics can make to our understanding of organization and organizational design. Anna Grandori’s introductory and concluding chapters are not only excellent audits of the current state of our knowledge in this field but they also give a strong sense of direction for the possible futures of the discipline. Anna Grandori is not afraid to face head on some of the more philosophical issues relating to “organization” as an object of study and is to be commended for doing so. The economics of organization is a new, exciting and developing field and the essays in this book will help to shape the research agenda that will take this emergent discipline to its next stage.’ -- Peter M. Jackson, University of Leicester, UK‘This sweeping, comprehensive volume is a signal effort in building bridges between economics and organization theory. With a stellar cast of contributors, it will both inspire and provoke scholars with its grand amibitions, and generate considerable attention and debate. A remarkable effort by Anna Grandori.’ -- Walter W. Powell, Stanford University, US’Anna Grandori has astutely organized the commissioned chapters of an intellectually diverse set of scholars into an absolutely outstanding contribution that both defines the current state of organizational economics and points the perceptive reader toward an exciting intellectual future. From traditional research areas to the newest topics of interest, the chapters chart the current boundaries of the field. The chapters are filled with gems of insight across several distinct levels of analysis, whether it is a discussion of organizational design, or psychological economics or innovation or the organization as language, the discussions are contemporary, comprehensive and challenging. No serious scholar of organizational economics should be without this book.’ -- Richard N. Osborn, Wayne State University, USTable of ContentsContents: INTRODUCTION Economic Organization as an Object of Study and as an Emerging Disciplinary Field Anna Grandori PART I: THE MICRO-FOUNDATIONS OF ECONOMIC ORGANIZATION: EXTENDING BEHAVIORAL ASSUMPTIONS ON KNOWLEDGE, INTEREST, AND RATIONALITY 1. Models of Rationality in Economic Organization: ‘Economic’, ‘Experiential’ and ‘Epistemic’ Anna Grandori 2. Motivation Governance Margit Osterloh and Bruno S. Frey 3. Cognition and Governance: Why Incentives Have to Take a Back Seat Siegwart Lindenberg 4. Knowledge Governance: Meaning, Origins and Implications Nicolai J. Foss PART II: THE CONSTITUTION OF ECONOMIC ORGANIZATION BETWEEN INTERACTING AND CONTRACTING 5. Contracts: Coordination Across Firm Boundaries Victor P. Goldberg 6. The Enterprise as Community: Firms, Towns, and Universities Scott E. Masten 7. Ethics, Economic Organization and the Social Contract Lorenzo Sacconi 8. Language and Economic Organization Massimo Warglien PART III: THE SHAPING OF ECONOMIC ORGANIZATION BETWEEN DESIGN AND EVOLUTION 9. Organizational Adaptation and Evolution: Darwinism versus Lamarckism? Geoffrey M. Hodgson 10. Exaptation and Innovation Processes: Theory and Models Giovanni Bonifati and Marco Villani 11. Interdependence and Organization Design Phanish Puranam and Merlo Raveendran 12. Dynamics of Organizational Structure Nick Argyres and Todd R. Zenger 13. Design Rules for Dynamic Organization Design: The Contribution of Computational Modeling Richard M. Burton and Børge Obel 14. Organizational Formation and Change: Lessons from Economic Laboratory Experiments Peter H. Kriss and Roberto Weber PART IV: HUMAN RESOURCES AND ECONOMIC ORGANIZATION BETWEEN ASSETS AND ACTORS 15. Human Capital and Property Rights Anna Grandori 16. The Economic Organization of Employment: Systems in Human Resource Management and Industrial Relations Bruce E. Kaufman 17. Organization of Work Practices and Productivity: An Assessment of Research on World-class Manufacturing Riccardo Leoni PART V: TECHNICAL ASSETS AND ECONOMIC ORGANIZATION BETWEEN DETERMINANTS AND OPPORTUNITIES 18. Technical Assets and Property Rights Ugo Pagano 19. Open Innovation and Organizational Boundaries: Task Decomposition, Knowledge Distribution and the Locus of Innovation Karim R. Lakhani, Hila Lifshitz-Assaf and Michael L. Tushman 20. Modularity and Economic Organization: Concepts, Theory, Observations, and Predictions Ron Sanchez and Joseph T. Mahoney 21. The Organizational Design of High-tech Start-ups: State of the Art and Directions for Future Research Massimo G. Colombo and Cristina Rossi-Lamastra PART VI: FORMS OF ECONOMIC ORGANIZATION BETWEEN DISCRETE ALTERNATIVES AND COMBINATIVE CONFIGURATIONS 22. Entrepreneurship, Entrepreneurial Governance and Economic Organization Nicolai J. Foss and Peter G. Klein 23. The Four Functions of Corporate Personhood Margaret M. Blair 24. Worker Cooperatives and Democratic Governance John Pencavel 25. Internal and External Hybrids and the Nature of Joint Ventures Jean-François Hennart 26. Interfirm Cooperatives George Hendrikse and Li Feng 27. The Governance of Franchising Networks Josef Windsperger 28. Subcontracting Relationships Ruth Rama and Adelheid Holl 29. Public Economic Organization Jan-Erik Lane CONCLUSIONS Integrating Economic and Organization Theory: Products, Problems and Prospects Anna Grandori Index
£225.00
Edward Elgar Publishing Ltd Herbert A. Simon, George J. Stigler and Ronald H.
Book SynopsisThis groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in the same broad area of study. The careful selection of papers is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark title will be an essential reference for scholars throughout the world.Trade Review‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I HERBERT A. SIMON Introduction to Part I: Herbert A. Simon (1916-2001) 1. Herbert A. Simon (1955), ‘A Behavioral Model of Rational Choice’ 2. Herbert A. Simon (1959), ‘Theories of Decision-Making in Economics and Behavioral Science’ 3. Herbert A. Simon (1962), ‘The Architecture of Complexity’ 4. Herbert A. Simon (1972), ‘Theories of Bounded Rationality’ 5. Herbert A. Simon (1978), ‘Rationality as a Process and as Product of Thought’ 6. Herbert A. Simon (1979), ‘Rational Decision Making in Business Organizations’ PART II GEORGE J. STIGLER Introduction to Part II : George J. Stigler (1911-91) 7. George J. Stigler (1945), ‘The Cost of Subsistence’ 8. George J. Stigler (1947), ‘The Kinky Oligopoly Demand Curve and Rigid Prices’ 9. George J. Stigler (1961), ‘The Economics of Information’ 10. George J. Stigler (1962), ‘Information in the Labor Market’ 11. George J. Stigler (1964), ‘A Theory of Oligopoly’ 12. George J. Stigler (1971), ‘The Theory of Economic Regulation’ PART III RONALD H. COASE Introduction to Part III: Ronald H. Coase (b. 1910) 13. R.H. Coase (1937), ‘The Nature of the Firm’ 14. R.H. Coase (1960), ‘The Problem of Social Cost’,
£142.00
Edward Elgar Publishing Ltd James M. Buchanan, Gary S. Becker, Daniel
Book SynopsisThis groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in the same broad area of study. The careful selection of papers is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark title will be an essential reference for scholars throughout the world.Trade Review‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I JAMES M. BUCHANAN Introduction to Part I: James M. Buchanan (b. 1919) 1. James M. Buchanan (1949), ‘The Pure Theory of Government Finance: A Suggested Approach’ 2. James M. Buchanan (1954a), ‘Social Choice, Democracy, and Free Markets’ 3. James M. Buchanan (1954b), ‘Individual Choice in Voting and the Market’ 4. James M. Buchanan (1959), ‘Positive Economics, Welfare Economics, and Political Economy’ 5. James M. Buchanan and Gordon Tullock (1962), ‘A Generalized Economic Theory of Constitutions’ 6. James M. Buchanan (1987), ‘The Constitution of Economic Policy’ PART II GARY S. BECKER Introduction to Part II: Gary S. Becker (b. 1930) 7. Gary S. Becker (1962), ‘Investment in Human Capital: A Theoretical Analysis’ 8. Gary S. Becker (1965), ‘A Theory of the Allocation of Time’ 9. Gary S. Becker (1968), ‘Crime and Punishment: An Economic Approach’ 10. Gary S. Becker (1974), ‘A Theory of Social Interactions’ 11. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’ 12. Gary S. Becker and Kevin M. Murphy (1988), ‘A Theory of Rational Addiction’ PART III DANIEL KAHNEMAN Introduction to Part III: Daniel Kahneman (b. 1934) 13. Amos Tversky and Daniel Kahneman (1973), ‘Availability: A Heuristic for Judging Frequency and Probability’ 14. Amos Tversky and Daniel Kahneman (1974), ‘Judgment Under Uncertainty: Heuristics and Biases’ 15. Daniel Kahneman and Amos Tversky (1979), ‘Prospect Theory: An Analysis of Decision Under Risk’ 16. Daniel Kahneman and Amos Tversky (1984), ‘Choices, Values, and Frames’ 17. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1986), ‘Fairness as a Constraint on Profit Seeking: Entitlements in the Market’ 18. Daniel Kahneman, Jack L. Knetsch and Richard H. Thaler (1990), ‘Experimental Tests of the Endowment Effect and the Coase Theorem’ PART IV VERNON L. SMITH Introduction to Part IV: Vernon L. Smith (b. 1927) 19. Vernon L. Smith (1962), ‘An Experimental Study of Competitive Market Behavior’ 20. Vernon L. Smith (1964), ‘Effect of Market Organization on Competitive Equilibrium’ 21. Vernon L. Smith (1965), ‘Experimental Auction Markets and the Walrasian Hypothesis’ 22. Vernon L. Smith (1976), ‘Experimental Economics: Induced Value Theory’ 23. Vernon L. Smith (1980), ‘Experiments with a Decentralized Mechanism for Public Good Decisions’ 24. Vernon L. Smith (1982), ‘Microeconomic Systems as an Experimental Science’
£242.00
Edward Elgar Publishing Ltd Gunnar Myrdal, Friedrich A. von Hayek, Robert W.
Book SynopsisThis groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in the same broad area of study. The careful selection of papers is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark title will be an essential reference for scholars throughout the world.Trade Review‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I GUNNAR MYRDAL Introduction to Part I: Gunnar Myrdal (1898–1987) 1. Gunnar Myrdal (1939), ‘The Concept of Monetary Equilibrium’ 2. Gunnar Myrdal (1944a), ‘Facets of the Negro Problem’ 3. Gunnar Myrdal (1944b), ‘The Mechanics of Economic Discrimination as a Practical Problem’ 4. Gunnar Myrdal (1953), ‘Politics and Political Economy’ 5. Gunnar Myrdal (1968), ‘The Mechanism of Underdevelopment and Development and a Sketch of an Elementary Theory of Planning for Development’ PART II FRIEDRICH A. VON HAYEK Introduction to Part II : Friedrich A. von Hayek (1899–1992) 6. Friedrich A. Hayek (1933), ‘The Fundamental Cause of Cyclical Fluctuations’ 7. F.A. von Hayek (1935), ‘The Maintenance of Capital’ 8. F.A. von Hayek (1937), ‘Economics and Knowledge’ 9. Friedrich A. Hayek (1939), Freedom and the Economic System 10. F.A. Hayek (1945), ‘The Use of Knowledge in Society’ 11. F.A. Hayek (1960), ‘Introduction’ and ‘The Safeguards of Individual Liberty’ PART III ROBERT W. FOGEL Introduction to Part III: Robert W. Fogel (b. 1926) 12. Robert W. Fogel (1964), ‘Summary and Interpretation’ 13. Robert William Fogel (1989), ‘Unraveling Some Economic Riddles’ 14. R.W. Fogel (1992), ‘Second Thoughts on the European Escape from Hunger: Famines, Chronic Malnutrition, and Mortality Rates’ 15. Robert W. Fogel (1994), ‘Economic Growth, Population Theory, and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy’ 16. Robert W. Fogel and Dora L. Costa (1997), ‘A Theory of Technophysio Evolution, with Some Implications for Forecasting Population, Health Care Costs, and Pension Costs’ 17. Robert William Fogel (2004), ‘Why the Twentieth Century Was So Remarkable’ PART IV DOUGLASS C. NORTH Introduction to Part IV: Douglass C. North (b. 1920) 18. Douglass C. North (1961), ‘The Analytical Framework’ 19. Douglass C. North (1968), ‘Sources of Productivity Change in Ocean Shipping, 1600–1850’ 20. Douglass C. North and Barry R. Weingast (1989), ‘Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England’ 21. Douglass C. North (1990), ‘Institutions, Economic Theory, and Economic Performance’ 22. Douglass C. North (1991), ‘Institutions’ 23. Douglass C. North (1994), ‘Economic Performance Through Time’ PART V AMARTYA K. SEN Introduction to Part V: Amartya K. Sen (b. 1933) 24. Amartya Sen (1970), ‘The Impossibility of a Paretian Liberal’ 25. Amartya Sen (1976), ‘Poverty: An Ordinal Approach to Measurement’ 26. Amartya Sen (1977a), ‘Starvation and Exchange Entitlements: A General Approach and its Application to the Great Bengal Famine’ 27. Amartya K. Sen (1977b), ‘Rational Fools: A Critique of the Behavioral Foundations of Economic Theory’ 28. Amartya Sen (1979), ‘Personal Utilities and Public Judgements: Or What’s Wrong With Welfare Economics?’ 29. Amartya Sen (1998), ‘Mortality as an Indicator of Economic Success and Failure’
£384.00
Edward Elgar Publishing Ltd Ragnar A.K. Frisch, Jan Tinbergen and Lawrence R.
Book SynopsisThis groundbreaking title brings together a critical selection of key papers by the Nobel Memorial Laureates in Economics that have helped shape the development and present state of economics. The editors have organised this comprehensive series by theme and focuses on those Laureates working in the same broad area of study. The careful selection of papers is set in context by an insightful introduction to the Laureates' careers and main published works. This landmark title will be an essential reference for scholars throughout the world.Trade Review‘What a brilliant idea! To provide readers with both information on the Nobel Laureates in Economics and, to the degree possible, the original papers for which they were honored. The names of the “contributing” Laureates speak for themselves. Howard Vane and Chris Mulhearn, the editors, and Edward Elgar, the publisher, are to be congratulated for putting the idea into effect.’Table of ContentsContents: Acknowledgements General Introduction Howard R. Vane and Chris Mulhearn PART I RAGNAR A.K. FRISCH Introduction to Part I: Ragnar A.K. Frisch (1895–1973) 1. Ragnar Frisch (1933), ‘Propagation Problems and Impulse Problems in Dynamic Economics’ 2. Ragnar Frisch (1934), ‘Circulation Planning: Proposal for a National Organization of a Commodity and Service Exchange’ and ‘Circulation Planning: Part III. Mathematical Appendix’ 3. Ragnar Frisch (1936a), ‘Annual Survey of General Economic Theory: The Problem of Index Numbers’ 4. Ragnar Frisch (1936b), ‘On the Notion of Equilibrium and Disequilibrium’ 5. Ragnar Frisch (1981), ‘From Utopian Theory to Practical Applications: The Case of Econometrics’ PART II JAN TINBERGEN Introduction to Part II: Jan Tinbergen (1903-94) 6. J. Tinbergen (1940a), ‘Econometric Business Cycle Research’ 7. J. Tinbergen (1940b), ‘On a Method of Statistical Business-Cycle Research: A Reply’ 8. Jan Tinbergen (1952), ‘The Logical Structure of the Normal Quantitative Policy Problem (Targets and Instruments in Equal Numbers); Directives’ and ‘Inequality Between Number of Targets and Number of Instruments: Alternative Instruments or Incompatible Targets’ 9. Jan Tinbergen (1959), ‘An Economic Policy for 1936’ PART III LAWRENCE R. KLEIN Introduction to Part III: Lawrence R. Klein (b. 1920) 10. Lawrence R. Klein (1947), ‘Theories of Effective Demand and Employment’ 11. Harold Barger and Lawrence R. Klein (1954), ‘A Quarterly Model for the United States Economy’ 12. L.R. Klein (1958), ‘The Estimation of Distributed Lags’ 13. Lawrence R. Klein (1964), ‘A Postwar Quarterly Model: Description and Applications’ 14. Gary Fromm and Lawrence R. Klein (1965), ‘The Brookings-S.S.R.C. Quarterly Econometric Model of the United States: Model Properties’ 15. Phoebus J. Dhrymes, Lawrence R. Klein and Kenneth Steiglitz (1970), ‘Estimation of Distributed Lags’
£189.00
Edward Elgar Publishing Ltd Law, Economics and Evolutionary Theory
Book SynopsisLaw and economics has arguably become one of the most influential theories in contemporary legal theory and adjudication. The essays in this volume, authored by both legal scholars and economists, constitute lively and critical engagements between law and economics and new institutional economics from the perspectives of legal and evolutionary theory. The result is a fresh look at core concepts in law and economics - such as 'institutions', 'institutional change' and 'market failure' - that offer new perspectives on the relationship between economic and legal governance. The increasingly transnational dimension of regulatory governance presents lawyers, economists and social scientists with an unprecedented number of complex analytical and conceptual questions. The contributions to this volume engage with legal theory, new institutional economics, economic sociology and evolutionary economics in an interdisciplinary assessment of the capacities and limits of the state, markets and institutions. Drawing as well upon legal sociology and the philosophy of law, the authors expand and transform the known terrain of 'law and economics' by applying evolutionary theory to both law and economics from a domestic and transnational perspective. Legal scholars, evolutionary and regulatory theorists, economists, economic sociologists, economic historians and political scientists will find this cutting-edge volume both challenging and engaging.Contributors: M. Amstutz, A. Aviram, B.L. Benson, G.-P. Calliess, F. Carvalho, P.A. David, S. Deakin, B. Du Laing, M. Eckardt, T. Eggertsson, J. Freiling, W. Kerber, R.H. McAdams, J. Mokyr, E.A. Posner, M. Renner, E. Schanze, J.M. Smits, M. Zamboni, P. ZumbansenTrade Review’Zumbansen and Calliess have done a wonderful job in assembling papers from the leading scholars in the field, who draw on evolutionary approaches for explaining developments in both economics and the law. Anybody interested in issues of institutional change will be inspired by the wealth of ideas and the diversity of perspectives.’ -- Stefan Voigt, University of Hamburg, Germany’Evolutionary theory belongs to the rare species of theories that are simultaneously fundamental and over-arching, implicating as it does numerous life contexts as well as an array of scholarly disciplines. Armed with a profound grasp of evolutionary theory and its implications to social research, Professors Zumbansen and Calliess have mobilized an appropriately diverse and truly stellar group of academics to investigate how this theory may provide new insights about law, economics, and their inter-relations. Cast against an especially broad intellectual backdrop set by the editors, this volume is sure to become a standard reference in literature.’ -- Amir N. Licht, Radzyner School of Law, IsraelTable of ContentsContents: Foreword Law, Economics and Evolutionary Theory: State of the Art and Interdisciplinary Perspectives Peer Zumbansen and Gralf-Peter Calliess PART I: EVOLUTIONARY THEORY AND HISTORICAL TRAJECTORIES 1. The European Enlightenment, the Industrial Revolution, and Modern Economic Growth Joel Mokyr 2. The Unbearable Lightness of A – Useful Knowledge and Economic Growth Thráinn Eggertsson 3. The Law Merchant’s Story: How Romantic is it? Bruce L. Benson 4. Path Dependence: A Foundational Concept for Historical Social Science Paul A. David PART II: EVOLUTIONARY THEORY IN LAW AND ECONOMICS 5. System and Evolution in Corporate Governance Simon Deakin and Fabio Carvalho 6. Constitutional Possibility and Constitutional Evolution Eric A. Posner 7. The Expressive Power of Adjudication in an Evolutionary Context Richard H. McAdams 8. Forces Shaping the Evolution of Private Legal Systems Amitai Aviram 9. Legal Evolution between Stability and Change Martina Eckardt 10. The Genesis of Law: On the Paradox of Law’s Origin and its Supplément Marc Amstutz 11. Gene-Culture Co-Evolutionary Theory and the Evolution of Legal Behavior and Institutions Bart Du Laing 12. Making Evolutionary Theory Useful for Legal Actors Mauro Zamboni PART III: TRANSNATIONAL LAW AND EVOLUTIONARY GOVERNANCE 13. Transnational Commercial Law, Multi-level Legal Systems, and Evolutionary Economics Wolfgang Kerber 14. Darwin at Work: How to Explain Legal Change in Transnational and European Private Law Jan M. Smits 15. Linking Extra-legal Codes to Law: The Role of International Standards and Other Off-the-track Regimes Erich Schanze 16. Transnational Governance and Evolutionary Theory Gralf-Peter Calliess, Jörg Freiling and Moritz Renner Index
£38.95
Edward Elgar Publishing Ltd The College Cost Disease: Higher Cost and Lower
Book SynopsisCollege cost per student has been on the rise at a pace that matches ? or exceeds ? healthcare costs. Unlike healthcare, though, teaching quality has declined, and rapidly rising costs and declining quality are not trends easily forgiven by society. The College Cost Disease addresses these problems, providing a behavioral framework for the chronic cost/quality consequences with which higher education is fraught. Providing many compelling insights into the issues plaguing higher education, Robert Martin expounds upon H.R. Bowen?s revenue theory of cost by detailing experience good theory, the principal/agent problem, and non-profit status. Reputation competition dominates higher education. Students and their parents, and public opinion in general, associate higher tuition with higher quality and greater accolades; price is used as a proxy for quality only when consumers are uncertain about quality prior to purchase. Higher education services are the most complex types of ?experience goods?; a service whose quality can only be determined after a purchase has been made. Applying formal economic theory to higher education, Robert Martin examines how and why attempts to control costs are controversial and the damaging effects these controversies have on institutions? reputations. Arguing that the college access problem cannot be solved until colleges and universities find a way to control their costs, this book brings to the fore the leading ideas that will bring about much-needed budgetary reform in higher education.Governing boards, administrators and faculty members should find much to think on and learn from here; parents, students, alumni and taxpayers will find the research and conclusions alarming, though eye-opening.Trade Review‘The College Cost Disease is indeed a useful reading, not only for the students of economics of education, but also for others interested in quality and also that the costs of higher education would immensely benefit from.’ -- Jandhyala B.G. Tilak, Journal of Educational Planning and AdministrationTable of ContentsContents: Preface 1. Cost, Quality, and Anomalies in Higher Education 2. Statistical Measures: Teaching Productivity, Cost, Financial Burden, and Quality 3. Reputations and the Chivas Regal Effect 4. The Principal/Agent Problem in Higher Education 5. Commercialization: The Devil Made Me Do It! 6. The Gresham Effect, Lemons, and Teaching 7. Inside the Black Box Glossary Bibliography Index
£89.00
Edward Elgar Publishing Ltd Research Handbook on the Economics of Property
Book SynopsisLeading scholars in the field of law and economics contribute their original theoretical and empirical research to this major Handbook. Each chapter analyzes the basic architecture and important features of the institutions of property law from an economic point of view, while also providing an introduction to the issues and literature.Property rights and property systems vary along a large number of dimensions, and economics has proven very conducive to analyzing these patterns and even the nature of property itself. The contributions found here lend fresh perspectives to the current body of literature, examining topics including: initial acquisition; the commons, anticommons, and semicommons; intellectual property; public rights; abandonment and destruction; standardization of property; property and firms; marital property; bankruptcy as property; titling systems; land surveying; covenants; nuisance; the political economy of property; and takings. The contributors employ a variety of methods and perspectives, demonstrating the fruitfulness of economic modeling, empirical methods, and institutional analysis for the study of both new and familiar problems in property. Legal scholars, economists, and other social scientists interested in property will find this Handbook an often-referenced addition to their libraries.Table of ContentsContents: Introduction Henry E. Smith 1. Property Rights, Land Settlement and Land Conflict on Frontiers: Evidence from Australia, Brazil and the US Lee J. Alston, Edwyna Harris and Bernardo Mueller 2. Commons, Anticommons, Semicommons Lee Anne Fennell 3. The Anticommons Lexicon Michael A. Heller 4. Private Property and Public Rights Thomas W. Merrill 5. Toward an Economic Theory of Property in Information Henry E. Smith 6. Unilateral Relinquishment of Property Lior Jacob Strahilevitz 7. Standardization in Property Law Henry E. Smith 8. Covenant Lite Lending, Liquidity, and Standardization of Financial Contracts Kenneth Ayotte and Patrick Bolton 9. The Personification and Property of Legal Entities George Triantis 10. Bankruptcy as Property Law Barry E. Adler 11. The Law and Economics of Marital Property Martin Zelder 12. Property Titling and Conveyancing Benito Arruñada 13. Land Demarcation Systems Gary D. Libecap and Dean Lueck 14. Servitudes Carol M. Rose 15. The Economics of Nuisance Law Keith N. Hylton 16. Acquiring Land Through Eminent Domain: Justifications, Limitations, and Alternatives Daniel B. Kelly 17. The Rest of Michelman 1967 William A. Fischel Index
£50.30
Edward Elgar Publishing Ltd Meta-organizations
Book SynopsisA growing number of organizations are meta-organizations; rather than individuals they have other organizations as their members. This comprehensive book explains, in-depth, the unique way in which meta-organizations function, how they differ from organizations with individual membership, and how they are crucial agents in the process of globalization. The book opens a whole new area for organizational research. It will be essential reading for researchers and postgraduate students interested in organization theory, globalization, politics and organizations, or international organizations.Table of ContentsContents: Preface 1. Organized Organizations 2. Many Meta-organizations 3. Environment, Members, and Meta-organizations 4. Creating and Sustaining Meta-organizations 5. Similarity, Dissimilarity, and Identity Formation 6. Conflicts and Decision-making Problems 7. The Dynamics of Meta-organizations 8. Meta-organizations and Individual-based Organizations 9. Organized Globalisation References Index
£27.95
Edward Elgar Publishing Ltd Handbook on Contemporary Austrian Economics
Book SynopsisThe Austrian school of economics was founded in 1871 with the publication of Carl Menger's Principles of Economics. In his book, Menger argued that economic analysis is universally applicable and that the appropriate unit of analysis is man and his choices. These choices, he wrote, are determined by individual subjective preferences and the margin on which decisions are made. The logic of choice, he believed, is the essential building block to the development of a universally valid economic theory. The home of the field moved first to Britain and then on to the US, and at present a diverse mix of intellectual traditions in economic science is obvious in contemporary Austrian school economists. While one could argue that a unique Austrian school of economics operates within the economic profession today, one could also sensibly argue that the label 'Austrian' no longer possesses any substantive meaning. This Handbook looks through the lens of the latest generation of scholars at the main propositions believed by so-called 'Austrians'. Each contributing author addresses key tenets of the school of thought, and outlines its ongoing contribution to economics and to the social sciences. Contributors: S.A. Beaulier, P.J. Boettke, C.J. Coyne, A.J. Evans, P.T. Leeson, S.C. Miller, B. Powell, F. Sautet, V.H. Storr, E.P. Stringham, J.R. SubrickTable of ContentsContents: Introduction Peter J. Boettke PART I: THE SCIENCE OF ECONOMICS 1. Only Individuals Choose Anthony J. Evans 2. Economics as the Study of Coordination and Exchange Christopher J. Coyne 3. The Facts of the Social Sciences are what People Believe and Think Virgil Henry Storr PART II: MICROECONOMICS 4. Economic Value and Costs are Subjective Edward P. Stringham 5. Price: The Ultimate Heuristic Stephen C. Miller 6. Without Private Property, There Can Be No Rational Economic Calculation Scott A. Beaulier 7. The Competitive Market is a Process of Entrepreneurial Discovery Frederic Sautet PART III: MACROECONOMICS 8. Money is Non-neutral J. Robert Subrick 9. Some Implications of Capital Heterogeneity Benjamin Powell 10. Anarchy Unbound: How Much Order Can Spontaneous Order Create? Peter T. Leeson PART IV: CONCLUSION 11. Back to the Future: Austrian Economics in the Twenty-first Century Peter J. Boettke Index
£33.20
Edward Elgar Publishing Ltd The Elgar Companion to Hyman Minsky
Book SynopsisThis book provides a timely and engaging treatment of Hyman Minsky's approach to economics, which is enjoying a renewed appreciation because of its prescient analysis of the slow but sure transformation of the capitalist economy in the post-war period. Many have called the global financial crisis that began in the United States in 2007 a 'Minsky crisis', and these collected contributions demonstrate precisely why both academic economists as well as policy makers have turned to Minsky for guidance. The book brings together the foremost Minsky scholars to provide a comprehensive overview of his approach, with extensions to bring the analysis up to date.With the 2008 republication of his seminal books John Maynard Keynes (1975) and Stabilizing an Unstable Economy (1986), Minsky's ideas saw an unprecedented resurgence. This companion exemplifies this resurgence by emphasizing that economists have discovered Minsky's Financial Instability Hypothesis and have widely applied it to the course of events in the US from 2004 until the real estate market went bust. The book also argues that many commentators have recently begun to employ Minsky's hedge, speculative and Ponzi classification scheme to analyze the evolution of mortgage markets. Many of Minsky's favorite themes - 'stability is destabilizing', the role of the 'Big Government' and 'Big Bank' in constraining endogenous instability, banker's rationality, money non-neutrality, creative destruction and innovation by financial institutions - are taken up in the chapters commissioned especially for this volume. Using the introductory chapter as a springboard, the work here delves deeply into Minsky's ideas and how they have impacted thought today.The scope and comprehensive analyses found in this companion will appeal particularly to economists and post-Keynesian economists, institutionalists and upper-level scholars of economics and finance. Contributors: T. Assenza, M. Auerback, R.J. Barbera, R. Bellofiore, D. Delli Gatti, S. Dow, G.A. Dymski, P. Ferri, D.K. Foley, J.K. Galbraith, M. Gallegati, J. Halevi, J. Kregel, P. McCulley, E. Nasica, D.B. Papadimitriou, R.W. Parenteau, M. Passarella, D.M. Sastre, M. Shubik, E. Tymoigne, C.L. Weise, L.R. WrayTrade Review'[T]his review has attempted to highlight that The Elgar Companion to Hyman Minsky has managed not only to effectively convey Minsky's ideas, and his relevance to understanding today's economic problems, but also to provide a framework for moving forward with his ideas. The authors should be commended for maintaining the integrity of Minsky's ideas and providing a future research agenda for furthering our understanding of the modern complex financial system.' --Timur Behlul, History of Economics ReviewTable of ContentsContents: 1. Introduction: Minsky on Money, Banking and Finance Dimitri B. Papadimitriou and L. Randall Wray 2. What Would Minsky Have Thought of the Mortgage Crisis? Jan Kregel 3. Minsky and Economic Policy: ‘Keynesianism’ All Over Again? Éric Tymoigne 4. Minsky in the ‘New’ Capitalism: The New Clothes of the Financial Instability Hypothesis Riccardo Bellofiore, Joseph Halevi and Marco Passarella 5. Rational and Innovative Behaviors at the Core of Financial Crises: Banking in Minsky’s Theory Eric Nasica 6. What Would Minsky Do? Marshall Auerback, Paul McCulley and Robert W. Parenteau 7. It’s the Right Moment to Embrace the Minsky Model Robert J. Barbera and Charles L. Weise 8. Innovation and Equilibrium? Martin Shubik 9. Hyman Minsky and the Dilemmas of Contemporary Economic Method Duncan K. Foley 10. Financial Instability and Agents’ Heterogenity: A Post Minskyan Research Agenda Tiziana Assenza, Domenico Delli Gatti and Mauro Gallegati 11. Growth Cycles and the Financial Instability Hypothesis (FIH) Piero Ferri 12. A Spatialized Approach to Asset Bubbles and Minsky Crises Gary A. Dymski 13. The Psychology of Financial Markets: Keynes, Minsky and Emotional Finance Sheila Dow 14. The Generalized ‘Minsky Moment’ James K. Galbraith and Daniel Munevar Sastre Index
£48.40
Edward Elgar Publishing Ltd Post Keynesian Macroeconomic Theory, Second
Book SynopsisIn this updated and revised edition of Post Keynesian Macroeconomic Theory, Paul Davidson explains how and why contemporary macroeconomic textbooks fail to incorporate Keynes's liquidity and financial analysis framework to explain the importance of money and financial markets in the real world of experience. This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the twenty-first century. In particular, it deals with problems such as inflation, financial contagion, global unemployment, outsourcing, trade patterns, and developing an international financial system that encourages expansionary growth among all trading partners while avoiding sovereign debt problems. Using this textbook in macroeconomics courses will provide students with a pragmatic insight that will be both useful and productive. Contents: 1. The Background for Keynes's Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes's D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis of Keynes's Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes's Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks IndexTrade ReviewPaul Davidson is the leading expert on Keynes and Keynesianism. --Larry Elliott, GuardianA work of art and science. Beautifully written and updated, rigorous, faithful and complete, Paul Davidson has given us a lucid and teachable Keynes for our time. --James K. Galbraith, The University of Texas at AustinPaul Davidson is the keeper of the Keynesian flame. Keynes lives (intellectually), and Davidson is one of the reasons. --Alan S. Blinder, Princeton UniversityTable of ContentsContents: 1. The Background for Keynes’s Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes’s D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference – the Basis of Keynes’s Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes’s Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks Index
£131.00
Edward Elgar Publishing Ltd Post Keynesian Macroeconomic Theory, Second
Book SynopsisIn this updated and revised edition of Post Keynesian Macroeconomic Theory, Paul Davidson explains how and why contemporary macroeconomic textbooks fail to incorporate Keynes's liquidity and financial analysis framework to explain the importance of money and financial markets in the real world of experience. This important text develops Keynes's analytical framework for both closed and open economies and provides policy guidance for the global economy of the twenty-first century. In particular, it deals with problems such as inflation, financial contagion, global unemployment, outsourcing, trade patterns, and developing an international financial system that encourages expansionary growth among all trading partners while avoiding sovereign debt problems. Using this textbook in macroeconomics courses will provide students with a pragmatic insight that will be both useful and productive. Contents: 1. The Background for Keynes's Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes's D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference the Basis of Keynes's Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes's Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks IndexTrade ReviewPaul Davidson is the leading expert on Keynes and Keynesianism. --Larry Elliott, GuardianA work of art and science. Beautifully written and updated, rigorous, faithful and complete, Paul Davidson has given us a lucid and teachable Keynes for our time. --James K. Galbraith, The University of Texas at AustinPaul Davidson is the keeper of the Keynesian flame. Keynes lives (intellectually), and Davidson is one of the reasons. --Alan S. Blinder, Princeton UniversityTable of ContentsContents: 1. The Background for Keynes’s Revolution 2. The Essential Difference between the General Theory and the Classical System 3. Taxonomy, Axioms and Expenditures Related to Income: Keynes’s D1 Category 4. Investment Spending 5. Government and the Level of Output 6. Delving Further into the Relationship between Money, Liquidity and Uncertainty 7. Liquidity Preference – the Basis of Keynes’s Revolution 8. The Finance Motive and the Interdependence of the Real and Monetary Sectors 9. Financial Markets, Fast Exits and Great Depressions and Recessions 10. Inflation: Causes and Cures 11. Keynes’s Aggregate Supply and Demand Analysis 12. The Demand and Supply of Labour 13. Money in an International Setting 14. Trade Imbalances and International Payments 15. International Liquidity and Exchange Rate Stability 16. Financing the Wealth of Nations 17. Export-led Growth and a Proposal for an International Payments Scheme 18. Epilogue: Truth in Labelling and Economic Textbooks Index
£48.95
Edward Elgar Publishing Ltd New Directions in Post-Keynesian Economics
Book SynopsisThis innovative book is an important attempt to develop a positive alternative to economic orthodoxy in major areas such as economic policy, monetary theory and methodology. Written by a group of internationally renowned scholars, it addresses Post-Keynesianism in terms of some of the most important and challenging issues facing economics today.Trade Review’In all, New Directions in Post-Keynesian Economics proves that the intellectual vision for the realization of the Keynesian revolution is abundant.’ -- John Hillard, European Association for Evolutionary Political Economy Newsletter’The Pheby-edited essays should prove useful to anyone interested in post-Keynesian economics. The level of exposition makes them accessible to advanced undergraduates without being too pedestrian for scholars in the field.’ -- Dudley Dillard, The Eastern Economics Journal
£114.00
Edward Elgar Publishing Ltd Post–Keynesian Monetary Economics – New
Book Synopsis
£111.00
Edward Elgar Publishing Ltd MODERN MONETARY THEORY: A Critical Survey of
Book SynopsisIn the aftermath of the debates between Keynesians and monetarists, this book provides a lucid, concise overview of the most recent developments in monetary theory. Professor Visser has written an up-to-date survey which discusses major issues such as crowding out, the new classical macroeconomics, the breakdown of the stable money demand function, buffer stocks and currency substitution.Currency problems in general have come to the fore after the collapse of the Bretton-Woods system. The book addresses topical issues including Hayek's proposal to denationalize money as well as theoretical issues, such as the search for the microfoundations of monetary theory. This is an important, up-to-date survey of recent developments in monetary theory, and the economic reasoning which underlies it. The use of mathematics has been kept to a minimum.Table of ContentsAn extremely succinct history of the subject; crowding out and the government budget; rational expectations and new classical macroeconomics; microfoundations of money and finance; the monetary order; the demand for money; exchange rate theories I; exchange rate theories II; conclusion.
£102.00
Edward Elgar Publishing Ltd Behavioural Economics
Book SynopsisBehavioural Economics is a relatively new school of economic thought and can encompass a number of strands such as 'new institutional/transaction cost economics', economic psychology and psychological economics, consumer behaviour and decision theory. The papers presented here reveal something of the development, philosophy and range of applicability of behavioural economics.Trade Review'Behavioral Economics . . . is especially welcome because so many economists are unclear as to the precise nature and scope of this subject which is relatively new, still taking shape and highly interdisciplinary.'Table of ContentsContents: Volume I: 1. Methodology 2. Satisficing versus Optimizing Behaviour 3. Uncertainity, Expectation Formation and Economic Forecasting 4. The Theory of the Firm 5. Corporate Evolution 6. Conclusion • Volume II: 1. Information Problems and the Organization of Economic Activities 2. Consumer Behaviour Theory 3. Welfare Economics and Policy 4. Behavioural Perspectives on Macroeconomic Issues 5. Conclusion
£414.00
Edward Elgar Publishing Ltd Sraffian Economics
Book SynopsisIn 1960, Piero Sraffa's Production of Commodities by Means of Commodities considered the fundamental issues that had been ignored in some existing theories of capital, value and distribution, and by doing so he laid the foundations for a critique of the marginal theory of value and distribution. The papers in these volumes both introduce the reader to the central themes of Sraffa's book and provide the detailed critique for which Sraffa paved the way.Trade Review'Ian Steedman's account of Sraffian economics is excellent and he includes all the important articles to provide an admirable and coherent account of the post-Sraffa literature.' -- Walter Eltis, The Economic JournalTable of ContentsContents: Volume I: 1. Sraffa’s Production of Comodities by Means of Commodities 2. The Critique of Marginal Theory • Volume II: 1. Fixed Capital and Joint Production 2. Further Developments 3. On the History of Economic Thought
£359.00
Edward Elgar Publishing Ltd Marxian Economics
Book SynopsisThese three volumes offer an overview of Marxian political economy, with contributions by critics, supporters and those of a more neutral disposition. The first volume illustrates the breadth of Marx's concern with history, politics and society, while the second and third volumes focus more closely on the labour theory of value and the analysis of exploitation, and on Marxian approaches to crisis and economic development.
£591.00
Edward Elgar Publishing Ltd Radical Political Economy
Book SynopsisThese two volumes collect some of the principal articles that have contributed to the renewal and development of radical political economy during the past generation. Radical Political Economy draws upon Marxian, institutional and Keynesian perspectives to construct a new and comprehensive analysis of modern capitalism, seeking to integrate the horizontal (competition), vertical (command), and time (change) dimensions of economic and other social relations.Table of ContentsContents: Volume I: 1. The Radical Paradigm in Economics 2. The Labour Process, Technology and Labour Markets 3. The Family • Volume II: 1. Growth and Instability 2. Imperalism and Economic Development 3. Economic History
£359.00
Edward Elgar Publishing Ltd Macroeconomic Theory and Policy: The Selected
Book SynopsisMacroeconomic Theory and Policy is the second collection of Richard G. Lipsey's essays and contains material that has previously remained unpublished or has not been widely available. The book considers the macroeconomic issues of unemployment, inflation and policies to combat inflation, the Keynesian macroeconomy and supply side economics.The book begins with a new autobiographical introduction to the intellectual development, personal achievements and the fields of interest of Richard G. Lipsey and is then divided into five parts. Part one considers the Phillips Curve, wage rates and profits. The second part discusses the various theories of the causes of inflation and explores issues such as the depreciation of money, monetarism and cost-push versus demand-pull inflation. Part three looks at anti-inflation policies, focusing on incomes policies, credit and monetary policy and wage-price controls among other issues. Keynesian macroeconomics is evaluated in the fourth section, as well as inflation and the national income model. The final part considers supply-side economics.Macroeconomic Theory and Policy is an essential reference companion to the work of Richard G. Lipsey, one of the most important economists of our generation.Trade Review'Therefore, these four books published by Edward Elgar will be at the reference desks of all good economic libraries. In addition, the book on monopolistic competition and economic geography needs to enter all reading lists on the currently hottest topic in economics.'Table of ContentsContents: Introduction Part I: Phillips Curves Part II: The Causes of Inflation Part III: Specific Anti-Inflation Policies Part IV: The Keynesian Macroeconomic Model Part V: The Supply Side Name Index
£144.00
Edward Elgar Publishing Ltd Perspectives on the History of Economic Thought: Volume I: Classical and Neo-classical Economic Thought
Book SynopsisVolume I contains papers on the classical and neoclassical schools of economic thought. Many of those papers are relevant for current economic studies and all of them reveal how classical and neoclassical economics had an impact on subsequent doctrinal or practical developments.Trade Review'Perspectives on the History of Economic Thought presents a careful selection of the most important and original contributions to the annual proceedings of the History of Economics Society. This series is essential to any serious student of the history of economics and to the collection of any University library supporting research in economic thought.'
£102.00
Edward Elgar Publishing Ltd Perspectives on the History of Economic Thought:
Book SynopsisVolume II deals first with the contributions of some economists to the policies of specific countries, providing examples of how economic theories have been used in the formulation of practical proposals.Trade Review'Perspectives on the History of Economic Thought presents a careful selection of the most important and original contributions to the annual proceedings of the History of Economics Society. This series is essential to any serious student of the history of economics and to the collection of any University library supporting research in economic thought.'
£105.00
Edward Elgar Publishing Ltd Index Schools of Thought in Econs
Book SynopsisThis index to the "Schools of Thought in Economics" series offers a systematic author and subject index to the 22 volumes of the series. It also provides a source of reference to the 515 major articles in economics published during the last 50 years and which are reprinted in the series.
£305.32
Edward Elgar Publishing Ltd SOCIAL CHOICE THEORY
Book SynopsisThis major reference collection presents in three volumes the key articles and papers on social choice theory.Volume One centres attention on key aspects of the debate on Arrow's impossibility theorem, carefully counter-poising differing viewpoints and embracing competing methodologies. In a field prone to the excessive use of mathematics and of arcane high theory, Charles Rowley skilfully presents a literature which is accessible to non-mathematicians and yet which offers full coverage of all the major debates. Volumes two and three extend the coverage of social choice theory to review the attempts of leading scholars to resolve the ageless problems of determining social goals and reconciling apparent inconsistencies among such goals. Professor Rowley carefully guides the reader through a litany of approaches, both methodological individualist and social engineering, ends-related and process-related in nature. Volume two reprints leading contributions to the utilitarian and contractarian ethics while volume three completes this exercise with material on the social justice and contractarian ethics. Professor Rowley's own introductory essay exposes the social choice research programme to his own Virginian critique, while integrating a large, diffuse literature into a unified whole.Trade Review'Charles Rowley has given us an excellent collection of well-chosen papers from different fields in social choice theory. The selections are informed by Professor Rowley's broad command over the discipline. He has put social choice theorists in particular (and economists, political theorists and moral philosophers generally) much in his debt by providing this extremely useful collection.' -- Amartya Sen, Harvard University, US'Public choice researchers will find that the collection of articles provides a magnificent perspective on the on the breadth and scope of formal political economy.'– Michael Cain, Public ChoiceTable of ContentsCONTENTS INTRODUCTION VOLUME I: THE AGGREGATION OF PREFERENCE PART I: FOUNDATIONS A. Bergson (1938), ‘A Reformulation of Certain Aspects of Welfare Economics’ H. R. Bowen (1943), ‘A Reformulation of Voting in the Allocation of Economic Resources’ D. Black (1948), ‘On the Rationale of Group Decision-making’ K. J. Arrow (1950), ‘A Difficulty in the Concept of Social Welfare’ PART II: COLLECTIVE RATIONALITY, VOTING AND STRATEGY-PROOFNESS I. M. D. Little (1952), ‘Social Choice and Individual Values’ J. H. Blau (1957), ‘The Existence of Social Welfare Functions’ K. J. Arrow (1959), ‘Rational Choice Functions and Orderings’ J. de V. Graaff (1962), ‘On Making a Recommendation in a Democracy’ G. Tullock (1964), ‘The Irrationality of Intransitivity’ A. K. Sen (1964), ‘A Possibility Theorem on Majority Decisions’ G. Tullock (1967), ‘The General Irrelevance of the General Impossibility Theorem’ A. K. Sen and P. K. Pattanaik (1969), ‘Necessary and Sufficient Conditions for Rational Choice under Majority Decision’ K. J. Arrow (1969), ‘Tullock and an Existence Theorem’ K. J. Arrow (1967), ‘Values and Collective Decision-making’ A. Gibbard (1973), ‘Manipulation of Voting Schemes: A General Result’ C. R. Plott (1973), ‘Path Independence, Rationality and Social Choice’ C. R. Plott (1976), ‘Axiomatic Social Choice Theory: An Overview and Interpretation’ M. A. Satterthwaite (1975), ‘Strategy-proofness and Arrow’s Conditions: Existence and Correspondence Theorems for Voting Procedures and Social Welfare Functions’ A. K. Sen (1977), ‘Social Choice Theory” A Re-examination’ PART II: CRITIQUES OF ‘SOCIAL CHOICE AS SOCIAL ENGINEERING’ L. Von Mises (2944), ‘The Treatment of “Irrationality” in the Social Sciences’ F. A. Hayek (1945), ‘The Use of Knowledge in Society’ J. M. Buchanan (1954), ‘Social Choice, Democracy and Free Markets’ J. M. Buchanan (1954), ‘Individual Choice in Voting and the Market’ J. M. Buchanan (1964), ‘What should Economists Do?’ R. Sugden (1978), ‘Social Choice and Individual Liberty’ A. Sen (1978), ‘Liberty as Control: An Appraisal; PART IV: ATTEMPTS TO ESCAPE FROM THE SOCIAL CHOICE DIFFICULTY J. C. Harsanyi (1955), ‘Cardinal Welfare, Individualistic Ethics and Interpersonal Comparisons of Utility’ T. Grooves and J. Ledyard (1977), ‘Optimal Allocation of Public Goods: A Solution to the “Free-rider” Problem’ T. N. Tideman and G. Tullock (1976), ‘A New and Superior Process for Making Social Choices’ W. H. Riker (1979), ‘Is “A New and Superior Process” Really Superior?’ A. Sen (1977), ‘On weights and Measures: Informational Constraints in Social Welfare Analysis’ VOLUME II: SOCIAL GOALS PART I: UTILITARIAN ETHIC W. Vickrey (1945), ‘Measuring Marginal Utility by Reactions to Risk’ M. Fleming (1952), ‘A Cardinal Concept of Welfare’ J. C. Harsanyi (1953), ‘Cardinal Utility in Welfare Economics and in the Theory of Risk-taking’ W. Vickrey (1960), ‘Utility, Strategy and Social Decision Rules’ P. A. Diamond (1967), ‘Cardinal Welfare, Individualistic Ethics, and Interpersonal comparisons of Utility: Comment’ R. A. Posner (1979), ‘Some Uses and Abuses of Economics in Law’ R. A. Posner (1979), ‘Utilitarianism, Economics and Legal Theory’ R. A. Posner (1979), ‘The Ethical and Political Basis of the Efficiency Norm in Common Law Adjudication’ J. L. Coleman (1980), ‘Efficiency, Utility and Wealth Maximization’ R. A. Posner (1981), ‘A Reply to Recent Criticisms of the Efficiency Theory of the Comment Law’ J. C. Harsanyi (1980), ‘Rule Utilitarianism, Rights, Obligations and the Theory of Rational Behavior’ A. K. Sen (1979), ‘Utilitarianism and Welfarism’ PART II: THE CONTRACTARIAN ETHIC J. M. Buchanan (1975), ‘A Contractarian Paradigm for Applying Economic Theory’ S. Gordon (1976), ‘The New Contractarians’ N. P. Barry (1984), ‘Unanimity, Agreement and Liberalism: A Critique of James Buchanan’s Social Philosophy’ L. B. Yeager (1985), ‘Rights, Contract and Utility in Policy Espousal’ C. K. Rowley (1987), ‘The Economic Philosophy of James McGill Buchanan’ A. Sandmo (1990), ‘Buchanan on Political Economy: A Review Article’ T. M. Scanlon (1982), ‘Contractualism and utilitarianism’ VOLUME III PART I: THE SOCIAL JUSTICE ETHIC J. Rawls (1958), ‘Justice as Fairness’ J. Rawls (1974), ‘Some Reasons for the Maximum Criterion’ J. Rawls (1975), ‘A Kantian Conception of Equality’ J. Rawls (1985), ‘Justice as Fairness: Political not Metaphysical’ J. M. Buchanan (1972), ‘Rawls on Justice as Fairness’ H. L. A. Hart (1973), ‘Rawls on Liberty and Its Priority’ S. Gordon (1973), ‘John Rawls’s Difference Principle, Utilitarianism and the Optimum Degree of Inequality’ T. Nagel (1973), ‘Rawls on Justice’ J. M. Buchanan (1976), ‘A Hobbesian Interpretation of the Rawlsian Difference Principle’ J. C. Harsanyi (1975), ‘Can the Maximum Principle Serve as a Basis for Morality? A Critique of john Rawls’s Theory’ H. R. Varian (1975), ‘Distributive Justice, Welfare Economics and the Theory of Fairness’ C. K. Rowley and A. T. Peacock (1975), ‘Justice’ A. Sen (1990), ‘Justice: Means versus Freedoms’ PART II: THE CLASSICAL LIBERAL ETHIC A. Sen (1970), ‘The Impossibility of a Paretian Liberal’ Y. K. Ng (1971), ‘The possibility of a Paretian Liberal: Impossibility Theorems and Cardinal Utility’ A. T. Peacock and C. K. Rowley (1972), ‘Pareto Optimally and the Political Economy of Liberalism’ R. Nozick (1973), ‘Distributive Justice’ A. Gibbard (1974), ‘A Pareto-Consistent Libertarian Claim’ P. Bernholz (1974), ‘Is a Paretian Liberal Really Impossible?’ J. H.Blau (1975), ‘Liberal Values and Independence’ M. J. Farrell (1976), ‘Liberalism in the Theory of Social Choice’ A. Sen (1976), ‘Liberty, Unanimity and Rights’ C. K. Rowley (1978), ‘Liberalism and Collective Choice: A Return to Reality?’ A. Sen (1979), ‘Personal Utilities and Public Judgements: Or What’s Wrong with Welfare Economics’ P. Bernholz (1980), ‘A General Social Dilemma: Profitable Exchange and Intensitive Group Preferences’ K. Suzumura (1980), ‘Liberal paradox and the Voluntary Exchange of Rights-Excerising’ A. Sen (1983), ‘Liberty and Social Choice’ K. Basu (1984), ‘The Right to Give Up Rights’ R. Sugden (1985), ‘Liberty, Preference and Choice’ J. M. Buchanan (1975), ‘Utopia, the Minimal State, and Entitlement’ K. J. Arrow (1978), ‘Nozick’s Entitlement Theory of Justice’ C. K. Rowley and R. E. Wagner (1990), ‘Choosing Freedom: Public Choice and the l Libertarian Idea’ W. Gaertner, P. K. Pattanaik and K. Suzumura (1992), ‘Individual Rights Revisited’ A. Sen (1992), ‘Minimal Liberty’
£727.00
Edward Elgar Publishing Ltd THE ECONOMICS OF TRANSPORT
Book SynopsisThis major two volume set presents the most important articles and papers in transportation economics. Professor Herbert Mohring has made a careful selection of the most significant work at the frontiers of the subject, covering major issues such as demand and supply, pricing and investment in all forms of transport.Trade Review'The Economics of Transport is a collection of 41 of the most important papers in transportation economics, edited by one of the major writers of the era . . . A careful reading of these articles will provide readers of any background with a firm grasp both of the major issues and of the theoretical and empirical methods commonly used in the field . . . The book begins with an extremely well-written, 34-page introduction by Professor Mohring, which provides an excellent synopsis of the field, particularly with respect to the theoretical and urban issues . . . The book is comprehensive, covering all the primary areas of transportation economics, including demand, supply, and policy. In fact, the primary contribution of the book is that it provides a collection of major papers in the field along with an excellent overview of the field written by Professor Mohring . . . The two volumes in this collection do an excellent job of reviewing transport economic theory and its applications, particularly with respect to urban transportation.'Table of ContentsCONTENTS VOLUME 1 PART 1 TWO SEMINAL CONTRIBUTIONS AND A RECENT SURVEY OF THE FIELD 1. Martin Beckman, C. B. McGuire and Christopher B. Winsten (1956), ‘Equilibrium’ 2. A. A .Walters (1961), ‘The Theory and Measurement of Private and Social Cost of Highway Congestion’ 3. Clifford Winston (1985), ‘Conceptual Developments in the Economics of Transportation: An Interpretive Study’ PART 2 THE TRANSPORT DEMAND SCHEDULE AND WHAT LIES BEHIND IT 4. Leon N. Moses and Harold F. Williamson, Jr. (1963), ‘Value of Time, Choice of Mode, and the Subsidy Issue in Urban Transportation’ 5. Richard E.Quandt and William J. Baumol (1966), ‘The Demand for Abstract Transport Modes: Theory and Measurement’ 6. Daniel McFadden (1974), ‘The Measurement of Urban Travel Demand’ 7. Takeshi Amemiya (1981), ‘Qualitative Response Models: A Survey’ PART 3 BEHIND THE TRANSPORT SUPPLY SCHEDULE: THE VALUE OF USER-SUPPLIED INPUTS 8. M.E. Beesley (1965), ‘The Value of Time Spent in Travelling: Some New Evidence’ 9. Charles A .Lave (1969), ‘A Behavioral Approach to Modal Split Forecasting’ PART 4 BEHIND THE TRANSPORT SUPPLY SCHEDULE: PRODUCTION AND COST FUNCTION MODELS 10. Marvin Kraus (1981), ‘Scale Economies Analysis for Urban Highway Networks’ 11. David M. Newbery (1989), ‘Cost Recovery from Optimally Designed Roads’ 12. Douglas W. Caves, Laurits R.Christensen and Michael W. Tretheway (1984), ‘Economies of Density Versus Economies of Scale: Why Trunk and Local Service Airline Costs Differ’ PART 5 BEHIND THE TRANSPORT SUPPLY SCHEDULES: THE TECHNOLOGY OF CONGESTION 13. John Glen Wardrop (1952), ‘Some Theoretical Aspects of Road Traffic Research’ 14. William S .Vickery (1969), ‘Congestion Theory and Transport Investment’ 15. Kenneth A. Small (1982), ‘The Scheduling of Consumer Activities: Work Trips’ PART 6 FIRST - AND SECOND-BEST PRICING AND INVESTMENT POLICIES 16. Robert H. Strotz (1965), ‘Urban Transportation Parables’ 17. A. A. Walters (1960), ‘ The Allocation of Joint Costs with Demands as Probability Distributions’ 18. A. S. De Vany and T. R .Saving (1977), ‘Product Quality, Uncertainty and Regulation: The Trucking Industry’ 19. William S .Vickrey (1955), ‘A Proposal for Revising New York’s Subway Fare Structure’ 20. William Vickrey (1968), ‘Automobile Accidents, Tort Law, Externalities and Insurance: An Economist’s Critique’ 21. Theodore E. Keeler and Kenneth A. Small (1977), ‘Optimal Peak-Load Pricing, Investment, and Service Levels on Urban Expressways’ 22. William S.Vickrey (1963), ‘Pricing and Resource Allocation in Transportation and Public Utilities: Pricing in Urban and Suburban Transport’ VOLUME 2 PART 1 TAXIS AND BUSES 1. Ralph Turvey and Herbert Mohring (1975), ‘Optimal Bus Fares’ 2. S. Glaister and J. J. Collings (1978), ‘Maximisation of Passenger Miles in Theory and Practice’ 3. John R. Schroeter (1983), ‘A Model of Taxi Service Under Fare Structure and Fleet Size Regulation’ 4. Arthur S. De Vany (1975), ‘Capacity Utilization under Alternative Regulatory Restraints: An Analysis of Taxi Markets’ 5. M. E. Beesley and S. Glaister (1983), ‘Information for Regulating: The Case of Taxis’ PART 2 TRANSPORT AND URBAN STRUCTURE 6. Richard J. Arnott and Joseph E. Stiglitz (1981), ‘Aggregate Land Rents and Aggregate Transport Costs’ 7. Robert M .Solow and William S .Vickery (1971), ‘Land Use in a Long Narrow City’ 8. Robert M. Solow (1973), ‘Congestion Cost and the Use of Land for Street’ PART 3 REGULATION AND DEREGULATION A: PRE-DEREGULATION EVALUATIONS OF ITS COSTS 9. Theodore E. Keeler (1972), ‘Airline Regulation and Market Performance’ 10. Arthur S. De Vany (1975), ‘The Effect of Price and Entry Regulation on Airline Output, Capacity and Efficiency’ B: DEREGULATION, SAFETY AND THE VALUE OF THE FIRM 11. Andrew Chalk (1986), ‘Market Forces and Aircraft Safety: The Case of the DC-10’ 12. Mark L. Mitchell T. Maloney (1989), ‘Crisis in the Cockpit? The Role of Market Forces in Promoting Air Travel Safety’ 13. Nancy L. Rose (1990), ‘Profitability and Product Quality: Economic Determinants of Airline Safety Performance’ C THE CONSEQUENCES - EXPECTED AND UNEXPECTED - OF DEREGULATION 14. Alfred E. Kahn (1990), ‘Deregulation: Looking Backward and Looking Forward’ 15. Michael E. Levine (1987), ‘Airline Competition in Deregulated Markets: Theory, Firm Strategy, and Public Policy’ 16. Elizabeth E. Bailey and Jeffrey R .Williams (1988), ‘Sources of Economic Rent in the Deregulated Airline Industry’ 17. Severin Borenstein (1989), ‘Hubs and High Fares: Dominance and Market Power in the U. S. Airline Industry’ 18. Kenneth D. Boyer (1987), ‘The Costs of Price Regulation: Lessons from Railroad Deregulation’ 19. Roger F. Teal and Mary Berglund (1987), ‘The Impacts of Taxicab Deregulation in the USA’
£486.00
Edward Elgar Publishing Ltd World Security and Equity
Book SynopsisThis book provides a quantitative foundation for evaluating the conflicting aims of security and equality. Professor Tinbergen presents a number of econometric models which overturn many long-held beliefs about the relationship between military policy and development co-operation. His findings demonstrate that in order to achieve reasonable targets of welfare and security, military expenditure should be considerably reduced with development assistance being increased by amounts of the same order.Trade Review'. . . a very neat illustration of the skilful use of small, manageable, world models to consider pressing policy questions of great current relevance.' -- Ron Smith, The Economic Journal'Jan Tinbergen, in this book as in his earlier work, has the courage to address central issues.' -- Dietrich Fisher, Journal of Economic Literature'. . . here is an important, thought provoking, but technical work which should achieve at least one of its principal aims, to stimulate further research into the whole topic.' -- K. Jackson, Kyklos
£94.00
Edward Elgar Publishing Ltd Welfare Economics
Book SynopsisThis major three-volume work contains key papers which reflect the innovation and imagination that has characterised the field of welfare economics during the last 50 years. The selections range from literary treatments to the most advanced mathematical presentation. However, all readers, regardless of their mathematical sophistication or methodological predilections, will find a large number of the papers interesting and worthwhile in giving an overview of the present state of welfare economics and providing guides to the literature specialities of particular interest.Table of ContentsContents: Volume I Acknowledgements Introduction William J. Baumol and Charles A. Wilson PART I THE CRITERIA A Pareto Criterion and Compensation Principles 1. T. De Scitovszky (1941), ‘A Note on Welfare Propositions in Economics’ 2. Paul A. Samuelson (1950), ‘Evaluation of Real National Income’ 3. Vilfredo Pareto (1971), ‘Maximum Ophelimity’ B Compensation and its Shortcomings 4. Nicholas Kaldor (1939), ‘Welfare Propositions of Economics and Inter-Personal Comparisons of Utility’ 5. J.R. Hicks (1940), ‘The Valuation of Social Income’ 6. W.M. Gorman (1955), ‘The Intransitivity of Certain Criteria Used in Welfare Economics’ 7. John S. Chipman and James C. Moore (1973), ‘Aggregate Demand, Real National Income, and the Compensation Principle’ PART II FOUNDATIONS A General Treatment 8. Arnold C. Harberger (1971), ‘Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay’ 9. Martin S. Feldstein (1972), ‘Distributional Equity and the Optimal Structure of Public Prices’ 10. Robin W. Boadway (1974), ‘The Welfare Foundations of Cost–Benefit Analysis’ B Tools for Welfare Measurement: Single Consumer and Producer 11. J.R. Hicks (1943), ‘The Four Consumer’s Surpluses’ 12. E.J. Mishan (1959), ‘Communications: Rent as a Measure of Welfare Change’ 13. Robert D. Willig (1976), ‘Consumer’s Surplus Without Apology’ 14. Ezra J. Mishan (1977), ‘The Plain Truth About Consumer Surplus’ 15. Alan Randall and John R. Stoll (1980), ‘Consumer’s Surplus in Commodity Space’ PART III MANY-CONSUMER ECONOMIES A Aggregation of Welfare 16. Lord Robbins (1984), ‘Richard T. Ely Lecture: Economics and Political Economy’ and ‘The Significance of Economic Science’ 17. Abram Burk (1938), ‘A Reformulation of Certain Aspects of Welfare Economics’ 18. Paul A. Samuelson (1956), ‘Social Indifference Curves’ B Does Addition of Consumers’ and Producers’ Surpluses Add Up? 19. James E. Anderson (1974), ‘A Note on Welfare Surpluses and Gains From Trade in General Equilibrium’ 20. Richard Schmalensee (1976), ‘Another Look at the Social Valuation of Input Price Changes’ 21. Richard E. Just and Darrell L. Hueth (1979), ‘Welfare Measures in a Multimarket Framework’ 22. Neil Bruce and Richard G. Harris (1982), ‘Cost–Benefit Criteria and the Compensation Principle in Evaluating Small Projects’ PART IV CHOICE BETWEEN MARKET AND NON-MARKET ALLOCATION MECHANISMS 23. Clive Bull and Janusz A. Ordover (1987), ‘Market Structure and Optimal Management Organizations’ 24. R.H. Coase (1937), ‘The Nature of the Firm’ 25. Kenneth J. Arrow (1970), ‘The Organization of Economic Activity: Issues Pertinent to the Choice of Market Versus Nonmarket Allocation’ 26. Raaj Kumar Sah and Joseph E. Stiglitz (1986), ‘The Architecture of Economic Systems: Hierarchies and Polyarchies’ 27. Oskar Lange (1936-1937), ‘On the Economic Theory of Socialism’ 28. A.P. Lerner (1936-1937), ‘A Note on Socialist Economics’ PART V SECOND BEST ANALYSIS 30. Richard G. Lipsey and Kelvin Lancaster (1997), ‘The General Theory of Second Best’ 31. Otto A. Davis and Andrew B. Whinston (1965), ‘Welfare Economics and the Theory of Second Best’ 32. Jean-Jacques Laffont and Jean Tirole (1996), ‘Creating Competition Through Interconnection: Theory and Practice’ Name Index Volume II Acknowledgements An introduction and Preface by the editors to all three volumes appears in volume I PART I VIRTUES OF THE MARKET MECHANISM 1. Vilfredo Pareto (1972), excerpt from Manual of Political Economy 2. E. Barone (1935), ‘The Ministry of Production in the Collectivist State’ 3. A.C. Pigou, M.A. (1952), ‘Rates of Return and the Values of Marginal Private Net Products’ PART II PERFECT COMPETITION: THE FUNDAMENTAL THEOREMS OF WELFARE ECONOMICS A Basic Analysis and Results 4. Oscar Lange (1942), ‘The Foundations of Welfare Economics’ 5. Kenneth J. Arrow (1951), ‘An Extension of the Basic Theorems of Classical Welfare Economics’ 6. Tjalling C. Koopmans (1957), ‘Allocation of Resources and the Price System’ 7. Gerard Debreu (1959/1987), ‘Optimum’ B Application to Intertemporal Setting 8. Paul A. Samuelson (1958), ‘An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money’ 9. David Cass (1972), ‘On Capital Overaccumulation in the Aggregative, Neoclassical Model of Economic Growth: A Complete Characterization’ 10. K.J. Arrow (1964), ‘The Role of Securities in the Optimal Allocation of Risk-bearing’ 11. Oliver D. Hart (1975), ‘On the Optimality of Equilibrium when the Market Structure is Incomplete’ 12. Joseph E. Stiglitz (1982), ‘The Inefficiency of the Stock Market Equilibrium’ 13. John D. Geanakoplos and Heraklis M. Polemarchakis (1986), ‘Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete’ PART III PUBLIC GOODS, EXTERNALITIES AND SCALE ECONOMIES A The Broad Issues 14. Francis M. Bator (1958), ‘The Anatomy of Market Failure’ B Externalities, Scale Economies and Nonconvexities 16. A.C. Pigou, M.A. (1912), ‘Hindrances to Equality of Marginal Net Products Due to Divergence Between Marginal Social Net Product and Marginal Private Net Product’ 17. Alfred Marshall (1920), excerpt from ‘Industrial Organization, Continued. Division of Labour. The Influence of Machinery’ and ‘Limitations of the Use of Statical Assumptions in Regard to Increasing Return’ 18. J.H. Clapham (1922), ‘Of Empty Economic Boxes’ 19. Donald J. Brown and Geoffrey Heal (1979), ‘Equity, Efficiency and Increasing Returns’ 20. William J. Baumol (1979), ‘Quasi Optimality: The Price We Must Pay for a Price System’ PART IV MONOPOLY AND IMPERFECT COMPETITION A General 21. A.C. Pigou, M.A. (1952), ‘Simple Monopoly’ and ‘Discriminating Monopoly’ 22. Joan Robinson (1972), ‘Comparisons of Monopoly and Competitive Output’ 23. Edward Chamberlin (1938), ‘Pure and Monopolistic Competition Compared’ 24. Michael Spence (1976), ‘Product Selection, Fixed Costs, and Monopolistic Competition’ B Social Costs of Monopoly 25. Arnold C. Harberger (1954), ‘Monopoly and Resource Allocation’ 26. Richard A. Posner (1975), ‘The Social Costs of Monopoly and Regulation’ 27. Gordon Tullock (1980), ‘Efficient Rent Seeking’ 28. Franklin M. Fisher (1985), ‘The Social Costs of Monopoly and Regulation: Posner Reconsidered’ PART V ASYMMETRIC AND IMPERFECT INFORMATION 29. George A. Akerlof (1970), ‘The Market for "Lemons": Quality Uncertainty and the Market Mechanism’ 30. Mark V. Pauly (1974), ‘Overinsurance and Public Provision of Insurance: The Roles of Moral Hazard and Adverse Selection’ 31. Charles A. Wilson (1979), ‘Equilibrium and Adverse Selection’ 32. Richard Arnott and Joseph Stiglitz (1990), ‘The Welfare Economics of Moral Hazard’ PART VI UNCERTAINTY 33. Frederick V. Waugh (1944), ‘Does the Consumer Benefit from Price Instability?’ 34. Walter Y. Oi (1961), ‘The Desirability of Price Instability Under Perfect Competition’ 35. Paul A. Samuelson (1972), ‘The Consumer Does Benefit From Feasible Price Stability’ 36. Stephen J. Turnovsky, Haim Shalit and Andrew Schmitz (1980), ‘Consumer’s Surplus, Price Instability, and Consumer Welfare’ Name Index Volume III Acknowledgements An introduction and preface by the editors to all three volumes appears in volume I PART I EXTERNALITIES AND PIGOUVIAN TAXATION 1. A.C. Pigou, M.A. (1952), excerpt from ‘Divergences Between Marginal Social Net Product and Marginal Private Net Product’ 2. J.E. Meade (1952), ‘External Economies and Diseconomies in Competitive Situation’ 3. R.H. Coase (1960), ‘The Problem of Social Cost’ 4. James M. Buchanan and Wm. Craig Stubblebine (1962), ‘Externality’ 5. William J. Baumol (1972), ‘On Taxation and the Control of Externalities’ 6. Martin L. Weitzman (1974), ‘Prices vs. Quantities’ 7. J.A. Ordover and R.D. Willig (1979), ‘The Role of Information in Designing Social Policy Towards Externalities’ 8. Dennis W. Carlton and Glenn C. Loury (1980), ‘The Limitations of Pigouvian Taxes as a Long-Run Remedy for Externalities’ PART II RAMSEY PRICING 9. F.P. Ramsey (1927), ‘A Contribution to the Theory of Taxation’ 10. M. Boiteux (1971), ‘On the Management of Public Monopolies Subject to Budgetary Constraints’ 11. William J. Baumol and David F. Bradford (1970), ‘Optimal Departures From Marginal Cost Pricing’ 12. Peter A. Diamond and James A. Mirrlees (1971), ‘Optimal Taxation and Public Production I: Production Efficiency’ 13. Peter A. Diamond and James A. Mirrlees (1971), ‘Optimal Taxation and Public Production II: Tax Rules’ PART III PREDATORY PRICING 14. Phillip Areeda and Donald F. Turner (1975), ‘Predatory Pricing and Related Practices Under Section 2 of the Sherman Act’ 15. Janusz A. Ordover and Robert D. Willig (1981), ‘An Economic Definition of Predation: Pricing and Product Innovation’ 16. William J. Baumol (1996), ‘Predation and the Logic of the Average Variable Cost Test’ PART IV REGULATION OF PRICES A Traditional Regulation 17. Harvey Averch and Leland L. Johnson (1962), ‘Behavior of the Firm Under Regulatory Constraint’ 18. Alfred E. Kahn (1989), ‘The Traditional Issues in the Pricing of Public Utility Services’ B Efficient Regulation, Stand-alone Cost Ceilings, and Price Caps 19. Harold Demsetz (1968), ‘Why Regulate Utilities?’ 20. Ingo Vogelsang and Jörg Finsinger (1979), ‘A Regulatory Adjustment Process for Optimal Pricing by Multiproduct Monopoly Firms’ 21. William J. Baumol (1982), ‘Productivity Incentive Clauses and Rate Adjustment for Inflation’ 22. Stephen C. Littlechild (1983), Regulation of British Telecommunications’ Profitability 23. William J. Baumol and Robert D. Willig (1986), ‘Contestability: Developments Since the Book’ 24. Jean-Jacques Laffont and Jean Tirole (1990), ‘The Regulation of Multiproduct Firms – Part I: Theory’ and ‘The Regulation of Multiproduct Firms – Part II: Applications to Competitive Environments and Policy Analysis’ C Pricing of Bottleneck Inputs 25. Robert D. Willig (1979), ‘The Theory of Network Access Pricing’ 26. William J. Baumol (1999), ‘Having Your Cake: How to Preserve Universal-Service Cross Subsidies While Facilitating Competitive Entry’ Name Index
£858.00
Edward Elgar Publishing Ltd Thomas Tooke: Pioneer of Monetary Theory
Book SynopsisThis is the first full length study of Thomas Tooke, a leading monetary economist of the 19th century, a pioneer of quantitative monetary history and the greatest opponent of the quantity theory of money in the history of economic thought.Trade Review’Arnon has done an excellent job of trying to make sense of Tooke’s monetary writings.’
£99.00
Edward Elgar Publishing Ltd Perspectives on the History of Economic Thought:
Book SynopsisThis major two volume work contains a selection of the best papers presented at the annual meeting of the History of Economics Society. They correct errors of interpretation and undertake constructive analyses. They show the importance of studies of the history of economic thought for an understanding of its influence on our conceptions of the world and on economic, social and political behaviour.Trade Review'Perspectives on the History of Economic Thought presents a careful selection of the most important and original contributions to the annual proceedings of the History of Economics Society. This series is essential to any serious student of the history of economics and to the collection of any university library supporting research in economic thought.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UK'. . . Perspectives offers a sparkling collection of stimulating flashes of the mind no one can do without.' -- Albert Jolink, The Economic Journal
£102.00
