Economic theory and philosophy Books

Book SynopsisEconomics and Biology is a collection of key essays on the relationship between economics and biology. As the limitations of the mechanistic metaphor in economics are increasingly recognized, this volume explores the potential for the use of evolutionary and other ideas from the science of biology. Topics covered include evaluations of mechanistic and biological analogies in economics in the Darwinian revolution, the use of biology in Alfred Marshall's economics, the concepts of optimisation and rationality in an evolutionary context and the inspirations that biology may offer for modern economics.Trade Review'One very obvious positive feature of volumes like this one is the range of views that can be accessed by the reader, the facsimile format preventing editorial touches aimed at bringing them into line.' -- John Laurent, Griffith University, Australia'This very informative collection can be used as a reference book, or - with the editor's introduction - even as an introductory text.'– Thomas Wagner, KyklosTable of ContentsCONTENTS PART I BIOLOGICAL AND MECHANICAL ANALOGIES 1. Edith Tilton Penrose (1952), ‘Biological Analogies in the Theory of the Firm’ 2. Gregor Sebba (1953), ‘The Development of the Concepts of Mechanism and Model in Physical Science and Economic Thought’ 3. Morris A. Copeland (1958), ‘On the Scope and Method od Economics’ 4. Nicholas Georgescu-Roegen (1979), ‘Methods in Economic Science’ 5. H. Thoben (1982), ‘Mechanistic and Organistic Analogues in Economics Reconsidered’ PART II ECONOMICS AND SOCIOBIOLOGY 6. Gary S. Becker 1976), ‘Altruism, Egoism, and genetic Fitness: Economics and Sociobiology’ 7. J. Hirshleifer (1977), ‘Economics from a Biological Viewpoint’ 8. Gordon Tullock (1979), ‘Sociobiology and Economics’ 9. John M. Gowdy (1987), ‘Bio-Economics: Sociobiology Versus the Chicago School’ 10. Ulrich Witt(1991), ‘Economics, Sociobiology, and Behavioral Psychology on Preferences’ PART III CLASSICAL ECONOMICS AND THE DARWINIAN REVOLUTION 11. Robert M. Young (1969), ‘Malthus and the Evolutionists: The Common Context of Biological and Social Theory’ 12. Sandra Herbert (1971), ‘Darwin, Malthus, and Selection’ 13. Lamar B. Jones (1989), ‘Schumpeter versus Darwin:L In re Malthus’ 14. Scott Gordon (1989), ‘Darwin and Political Economy: The Connection Reconsidered’ PART IV ALFRED MARSHALL AND ECONOMIC BIOLOGY 15. Brinley Thomas (1991), ‘Alfred Marshall on Economic Biology’ 16. Neil B. Niman (1991), ‘Biological Analogies in Marshall’s Work’ 17. Nicolai Juul Foss (1991), ‘The Suppression of Evolutionary Approaches in Economics: The Case of Marshall and Monopolistic Competition’ 18. John Nightingale (1993), ‘Solving Marshall’s Problem with the Biological Analogy: Jack Downie’s Competitive Process’ PART V EVOLUTION, OPTIMIZATION AND RATIONALITY 19. David J. Rapport and James E. Turner (1977), ‘Economic Models in Ecology’ 20. J. Maynard Smith (1978), ‘Optimization Theory in Evolution’ 21. Mark E. Schaffer (1989), ‘Are Profit-Maximisers the Best Survivors?: A Darwinian Model of Economic Natural Selection’ 22. W. S. Cooper (1989), ‘How Evolutionary Biology Challenges the Classical Theory of Rational Choice’ PART VI BIOLOGY AND MODERN ECONOMICS 23. Elliott Sober (1981), ‘Holism, Individualism, and the Units of Selection’ 24. J. S. Metcalfe and M. Gibbons (1986), ‘Technological Variety and the Process of Competition’ 25. P. P. Saviotti (1988), ‘Information, Variety and Entropy in Technoeconomic Development’ 26. Joel Mokyr (1991), ‘Evolutionary Biology, Technological Change and Economic History’ 27. Richard B. Norgaard (1987), ‘Economics as Mechanics and the Demise of Biological Diversity’ 28. Elias L. Khalil (1992), ‘Economics and Biology: Eight Areas of Research’ 29. Geoffrey M. Hodgson (1993), ‘Why the Problem of Reductionism in Biology Has Implications for Economics’ 30. Elias L. Khalil (1993), ‘Neo-classical Economics and Neo-Darwinism: Clearing the Way for Historical Thinking’

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Book SynopsisIn The Theory of Value, Capital and Interest Branko Horvat puts forward a new economic theory, relevant to real-world economics. This radical and innovative book deals with the economy as a system which includes producers, consumers and a social regulating agency, rather than simply as an aggregate of individuals.Beginning with an essay on economic methodology which analyses the underpinnings of neoclassical economics, the author presents a two-sector canonical model which is used to establish equilibrium prices and quantities in a stationary and growing economy. This thesis distinguishes two sources of growth - expansion of the labour force and technological progress - and also discusses criteria for investment. Later chapters extend Professor Horvat's model to include joint production and rent, and present a general case which allows for many consumer and producer goods. By introducing a new economic paradigm - and in so doing offering a solution to the long-standing labour theory of value controversy - this book makes a series of important innovations and will be welcomed as a major contribution by neo-Ricardians, Marxists, post Keynesians and critical neoclassicals.Trade Review'The book offers a solution to the long-standing labour theory of value controversy and will provoke much discussion.' -- Aslib Book Guide'. . . this book represents a step toward a better understanding of economic phenomena.'– Mario Amendola, Journal of Evolutionary EconomicsTable of ContentsContents: Preface Part I: Introduction Part II: Changing Economy: The Growth or Decline of Labour Force Part III: Changing Economy: Technological Progress Part IV: The Choice of Techniques Part V: Extensions Part VI: Generalizations Notes References Indexes

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Book SynopsisThis major work provides an assessment of Adolf Lowe's work and explores areas for future research in relation to his important contribution to economics, in particular his belief that economics is inseparable from social inquiry.The book opens with an overall evaluation of Lowe as a perceptive historical, political and sociological observer, presented through a number of personal recollections by Robert Heilbroner, Claus-Dieter Krohn and Marion Countess Donhoff. They analyse Lowe's intellectual and socio-political development during the Weimar Republic and how this period influenced some of his later works. The second part assesses Lowe's major contribution to the development of business cycle theory, and the roots of his analysis of structural and economic change. The book also examines Lowe's pioneering work in the field of traverse analysis. It concludes with a discussion of Lowe as 'economic philosopher' and his concern with the extent to which contemporary Western societies can balance the conflict between freedom and order.Trade Review'Hagemann and Kurz have given us a volume of edited papers that is forward-looking in the sense of exploring beyond the present paradigm. Not only are these papers a splendid memorial to Adolph Lowe's intellectual legacy, they also offer insights into theoretical questions and methodologies that go beyond those of the neoclassical mainstream.' -- Ingrid H. Rima, Review of Social EconomyTable of ContentsContents: Introduction (H. Hagemann and H.D. Kurz) Part I: Personal Recollections Part II: Classical Roots of Lowe’s Approach Part III: The Economy in Traverse: Cycle, Growth, Technology and Structural Change Part IV: Balancing Freedom and Order: Modern Society and its Analysis Index

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Book SynopsisPublic Economics, Political Processes and Policy Applications brings together an impressive collection of Charles R. Plott's work in experimental economics.The papers in this volume represent the beginnings of Professor Plott's experimental research on public economics, public choice and political processes, which are the origin for experimental work in mechanism design and experimental testbeds. He addresses the problems related to committees and public choice institutions, and develops methodological foundations that were later exported to other areas of economics. In these groundbreaking experiments strategies for posing questions are developed. The fundamental principles that shape policy studies are discovered and refined.The volume goes on to apply the principles to the prediction of group choice using game theory and voting theory, the power of special institutions and processes to determine outcomes, and the concept of equilibrium and equilibration in decision processes.Finally, the papers reflect a maturing of the methodologies, devoting attention to their success in the area of institutional design in general and of policy in particular. With deep roots in problems related to policy analysis that are carried throughout the volume, Public Economics, Political Processes and Policy Applications will be a fascinating read for those with an interest in experimental economics, the methodology of economics, political theory, and political economy.Trade Review'Charles R. Plott has a formidable armoury of experience backed up with an inquiring and rigorous intellect: an economist interested in getting clear answers to important questions. Before effectively becoming a full-time experimental economist, he enjoyed a fine reputation as a theorist in the area between political science and economics. By 1986 Plott had acquired a reputation as an insightful experimentalist - inspired and encouraged by Vernon Smith with whom he worked for a period before establishing his own experimental laboratory. Plott's contributions to the field of experimental economics are impressive. From 1981, since the Social Science Citation Index records begin, he has a total of 44 publications listed in this and related fields, many with co-authors who themselves are now established experimentalists. He has clearly stimulated a whole generation of economists into doing high quality experimental research. Many of these 44 papers are classics of their kind. The skill, energy and efficiency with which he operates is impressive.' -- John Hey, University of York, UK and University of Bari, ItalyTable of ContentsContents: Acknowledgements Introduction Part I: Overviews and Methodology Part II: Public Goods, Public Choice and Political Institutions Part III: Institutional Design Index

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Book SynopsisThis book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time.Drawing on the foundations of Marxist and institutional political economy, the book traces the lineages of institutional themes, as well as considering feminist, post-Keynesian, holistic economics and Schumpeterian perspectives. The nature of institutions in the growth and instability of capitalism is then explored with reference to social structures of accumulation. Particular reference is given to the world economy, the family, the Keynesian welfare state and neo-liberalism, Fordism, the flexible mode of accumulation, and financial regulation and deregulation. The author concludes, using institutional-evolutionary themes of political economy, that the evolution of modern capitalism is likely to be unstable as we move into the next century.Trade Review'Phillip O'Hara's intention in this well-written and referenced book is to provide a new synthesis between neo-institutionalist followers of Veblen and adherents of the neo-Marxist approach to political economy . . . Beyond those interested in its primary objective, this book is also likely to find a readership among people who wish to get a solid introduction to economics beyond the literature and questions that are of current interest to the mainstream of the profession . . . This book is a clear and accessible survey of a remarkable range of literatures . . . the book represents a useful survey of several important non-mainstream approaches to political economy.'Table of ContentsContents: Foreword: William M. Dugger and James Ronald Stanfield 1. Introduction Part A: The Foundations: Marx and Veblen 2. Marx’s Capital and the Institutional Reproduction of Capitalism 3. Veblen’s ‘Critique’ of Marx’s Philosophical Preconceptions of Political Economy 4. Veblen’s Analysis of Social Wealth, Industry–Business, and Crises of Capitalism Part B: Contemporary Institutional–Evolutionary Political Economy 5. Neo-Marxian and Neoinstitutional Political Economy: Holism, Evolution, and Contradiction 6. Capital, the Wealth of Nations, and Inequality in the Contemporary World 7. A New Measure of Macroeconomic Performance and Institutional Change Part C: Social Structures of Accumulation and Socioeconomic Crises of Modern Capitalism: 1940–2000s 8. Long Waves of Economic Growth and Development, and the Metamorphosis of Institutions 9. Fordism, Accumulation, and Institutional Contradictions 10. The World Economy and US Hegemony 11. Household Labor, the Family, and Macroeconomic Instability in the United States 12. The Keynesian Welfare State: Emergence, Contradictions, and Evolution 13. Financial Instability, Uncertainty, and Endogenous Credit in the United States 14. A New Social Structure of Accumulation or the Emerging Global Crises of Capitalism? 15. Conclusion Bibliography Index

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Book SynopsisThis important book goes beyond generalizations and takes a hard-headed look at the real strengths and weaknesses of Keynesian demand management and supply side economics.Keynesianism has failed to reconcile high levels of competitiveness with full employment. This was confirmed in the 1980s by the performance of the UK, the US and West Germany. Sweeping de-regulation has not proved to be an adequate solution.The book shows how effective supply conditions could supplement Keynesian demand management to achieve sustainable levels of high employment. The measures advocated include a system of industrial relations which allows high wages and job security in return for acceptance of a high pace of technological and organizational change; the promotion of skill development as well as intra-firm training programmes; the formation and encouragement of co-operation between different regions. It is argued that the supportive institutions, coupled with effective demand policies would succeed in marrying high employment with internationally competitive production.Trade Review'This is an important collection of papers, wide-ranging but coherently grouped around the theme of full-employment policy. As we begin to experience the limits of deregulation and privatization there is a growing interest in the possibility of a new agenda. This book makes an invaluable contribution to that discussion.'Table of ContentsOn effective supply conditions; on effective labour market and social policy; on effective demand conditions; towards a context enhancing full employment.

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Book SynopsisG.C. Harcourt has been an instrumental figure in the analysis, synthesis and teaching of economic theory. Erudite, authoritative and insightful, Dr Harcourt's writings have included analysis of contemporary economic theory, synthesis of current debates, intellectual biography and masterly discussion of economic and allied social policies.Capitalism, Socialism and Post-Keynesianism begins with three essays on policy issues: the case for a middle way between command economies and free market economies; the broad principles of macroeconomic policy for Australia in the 1990s; and an integrated set of 'modest proposals' to get the world economy on the path to prosperity. All approaches used in these essays are associated with the broad church of post-Keynesianism and the belief that economics should produce a more just and equitable society. Later essays analyse theoretical topics in an historical context. The remaining papers are a selection of intellectual biographies, and general essays which range from the author's views on the relationship between mathematics and economics to what Adam Smith really did say.As this volume demonstrates, Dr Harcourt is an all-rounder, a political economist who has written on applied issues, theory, policy, intellectual biography and analytical histories of economic theory. Capitalism, Socialism and Post-Keynesianism offers economists at all levels a sense of perspective on policy, theory and the historical development of their discipline, as well as an appreciation of its human face.Trade Review'. . . its essays deepen our understanding of the ideas of one of the greatest historians of economic thought of our era. Harcourt has become heterodox theory's genealogist; analytical, generous of spirit, and good-humored, he has seemingly single-handedly maintained lines of communication and dialogue among heterodox economists. This volume is especially valuable because Harcourt's own ideas about heterodox theory come through rather more clearly than in past writings. . . . heterodox economists seeking to dispel rumors of the demise of Keynes and Marx in economic discourse would do well to consult this.'Table of ContentsContents: Introduction Part I: Policy Part II: Theory From an Historical Perspective Part III: Intellectual Biographies Part IV: General Essays

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Book SynopsisDoes economic analysis need to incorporate a more rounded and ethical view of individuals? What is the ethical status of market capitalism? How should ethical and economic considerations be weighed together?Market Capitalism and Moral Values brings together a distinguished group of academics and policy makers who provide detailed discussion of some of the key issues at the intersection of economics and ethics. This volume focuses on the effect of moral beliefs on economic conduct, recognizing that beliefs and moral codes act as restraints on economic agents just as much as limited budgets or institutional environment.These essays combine academic rigour and clarity of presentation in addressing some of the foundational questions concerning the morality of both our economic system and economic analysis. With contributions from leading academics, commentators and policymakers such as Samuel Brittan, Nigel Lawson, Amartya Sen and Robert Skidelsky, this volume will be welcomed as a stimulating, authoritative discussion of interest to all those concerned with the ethical dimension of market capitalism.Market Capitalism and Moral Values brings together a distinguished group of academics, policy advisors and policymakers who provide detailed discussion of some of the key issues at the intersection of economics and ethics. These essays combine academic rigour and clarity of presentation in addressing some of the foundational questions concerning the morality of both of our economic system and our economic analysis.Trade Review’. . . a very interesting collection. . . . The book and the field of enquiry it represents merit the attention of the Australian profession - not least because economists in Australia exercise more influence and attract more overt hostility than anywhere else I know.’ -- Geoffrey Brennan, Economic Record’. . . the interest of the subject matter ensures that the book will be widely read.’– David Collard, Economic JournalTable of ContentsContents: Introduction (S. Brittan) 1. Economics and Ethics (S. Brittan) 2. Moral Codes and Economic Success (A. Sen) 3. Some Reflections on Morality and Capitalism (N. Lawson) 4. The Ethics of Unemployment and Mafia Capitalism (J.S. Flemming) 5. What Moral Constraints for Business (N. Barry) 6. Fairness in the Rationing of Health Care (J. Broome) 7. The Role of Ethics in Keynes’s Economics (R. Skidelsky) 8. Ethical Constraints on Price Flexibility (M.M. Beber and L. Ornaghi) 9. Alturism, Ethics and Economics: The Significance of Non-Egotistical Preferences for Economics (J. Fender) 10. The Moral of the Market (A. Hamlin)

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Book SynopsisMost of the existing literature on European history of economic thought concentrates on the major works of leading figures such as von Bohm-Bawerk, Menger, Pareto, Walras, Weber and Wicksell. These economists exerted enormous influences on the development of economics, despite their differing theories and approaches. Yet, there were many other economists whose contribution to the field has not been described in existing literature. This book resurrects these forgotten economists and presents 17 specially commissioned essays on their lives and contributions to economics. As such this book presents a fuller picture of the development of economics in Europe during the late 19th and early 20th century.The authors examine the economists' original ideas, and discuss how their work contributed to the development of economic thought. In addition the contributors look at the spread of ideas, of their acceptance or rejection, which can be explained partly by physical and linguistic or national isolation. They also consider influences on economic thought both between and within countries, and of other disciplines on economics; and as a consequence a sense of national identity in the practice of economics is developed. Finally, the authors present ideas on the path-dependent process of the development of economics and of the alternative paths that were around at the time, as well as on the origins of econometrics and differing attitudes towards statistical and mathematical approaches.This long-overdue addition to the literature will be welcomed by historians of economic thought, those studying the lives of economists as well as those interested in the philosophy and evolution of economics.Trade Review'Warren Samuels and his team of collaborators are to be congratulated on widening our perspective on the development of economics. This will be an essential source for those working on the diffusion of economic ideas in Europe in the early twentieth century.'Table of ContentsContents: Introduction (W.J. Samuels) 1. The Economist M.J.H Cobbenhagen 2. Clement Colson (1853–1939) 3. Christiaan Cornelissen (1864–1942) 4. Sam de Wolff (1878–1960) 5. Francois Divisa (1889–1964) 6. Robert Gilbrat and the Law of Proportional Effect 7. Johan G. Koopmans 8. Hermann Laurent (1841–1908) 9. The French Connection 10. Paul Leroy-Beaulieu and His ‘Cheap Government’ 11. Lucien March (1859–1933) 12. The Economic Theories and Social Reform Proposals of Ernest Solvay 13. Gustaf Steffen 14. Ed van Cleeff, Multiple Meanings of Planning and the Prehistory of the Central Planning Bureau 15. Elisabeth Caroline van Dorp 16. The Danish Economist Jens Warming 17. Harald Westergaard

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Book SynopsisThe Political Economy of Trade and Growth provides the basis for a major re-evaluation of Sir James Steuart's contribution to modern economics through a rigorous analysis of his most important work.Hong-Seok Yang presents an analytical interpretation of An Inquiry into the Principles of Political Economy, in terms of modern economics. This study of Steuart's classic work reveals that his political economy contains not only original ideas and ground-breaking thinking for his time, but also many major ingredients of modern economics. Arguing that the Inquiry is implicitly logical, Dr Yang analyses both its structure and content, placing Steuart's doctrine in historical, methodological and ideological context. Each chapter addresses a different part of Steuart's political economy. The author seeks to assess the significance of Steuart's thought and to explain why his work has so often been dismissed as 'mercantilism' by later readers.Comprehensive in its scope and thorough in its analysis this book will be welcomed by historians of economic thought and by all those interested in the processes behind the evolution of economic ideas and doctrines.Trade Review'His book not only presents Steuart's economics adequately and clearly, but it also remains close to the spirit of his arguments. From this perspective, historians of economics will find that the book has made a positive contribution. Moreover, I think that this book could be used as a beginning for the reevaluation of Steuart's position in the history of economic thought.’Table of ContentsThe basic conception of an exchange economy; the value of commodities and the distribution of income; the level of output, employment and population; economic growth and foreign trade; national money and interest; international money; public finance; human beings, society and the body politic.

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Book SynopsisIn recent years a growing number of social scientists have become increasingly interested in the study of location problems. This interest has been fostered by the integration of national economies within broader spaces such as the EU or NAFTA as well as by their impact on the development of regions and cities. Another important reason for this attention is the growing awareness among economists that a comprehensive economic theory can no longer put space aside. Most economic activities are distributed over space, and for such activities space moulds the very nature of competition between firms. This major collection of classic articles demonstrates the important contribution of location theory and will be an essential source of reference for students or researchers of modern regional science or economic theory.Trade Review’This comprehensive collection brings together the classic articles in the field and is an essential source of reference for those engaged in the study and research of modern regional science.’- Public Administration, Development, and EnvironmentTable of ContentsVolume I The location theory of the firm - continuous location models, network location models; household location and land use - the location of households and residential equilibrium, land use models; spatial competition and central places theories - location models of spatial competition, location models of central places. Volume II General equlibrium in space - interregional and intercity trade models, general equilibrium models of location with land; the spatial organization of public services - the location of public facilities, local public goods and land capitalization; operational models of location.

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Book SynopsisThis major new reference work includes a selection of the most important articles and papers on urban economic theory published during the last twenty years.Analytical Urban Economics focuses on a branch of urban economic theory that attempts to analyze economic behaviour in cities by referring to geographical space rather than dealing with a spaceless world. The contributing authors to this volume are drawn from some of the most prominent urban economists in the world and from leading economic journals, especially those focusing on urban economics.This volume, with a new introduction written by the editors, is divided into ten sections including ‘The Distribution of Income and Utility over Space’, ‘Dynamics’ and ‘Alternatives to Monocentric Models’.This book will be an essential reference text for urban economists and will be important background reading for graduate courses on urban economics.Trade Review’This book will be an essential reference text for urban economists and will be important background reading for graduate courses on urban economics.’- Public Administration, Development, and EnvironmentTable of ContentsContents: Volume I: Introduction Part I: The Location Theory of the Firm Part II: Household Location and Land Use Part III: Spatial Competition and Central Places Theories Index • Volume II: Part I: General Equilibrium in Space Part V: The Spatial Organization of Public Services Part VI: Operational Miodels of Location Index

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Book SynopsisEconomic Policy presents an authoritative selection of articles which have played a key role in influencing the direction of economic theory and methodology and thus the policy presecriptions which macroeconomists give to decision-makers. Volume I contains the most influential articles which have shaped the main debates in macroeconomic theory since its foundation. It covers such topics as the debate between Keynes and the Keynesians, the dispute between Keynes and the monetarists, the rational expectation revolution and critiques of that approach, and the debate between New Classical theorists and 'new' Keynesian theorists. Also included are papers which have defined alternative methodological approaches to modelling the macroeconomy.Volume II investigates some important applications of economic policy analysis. It examines some of the key economic problems on the political agenda such as the record of monetarism, the problems of trade and structural unemployment, European monetary integration and the reform of post-Communist societies and assesses the extent to which economic research throws light on these problems.Table of Contents5.11.96 THE INTERNATIONAL LIBRARY OF COMPARATIVE PUBLIC POLICY Economic Policy – Paul Whiteley Volume I: Theoretical Debates Introduction Part I: Keynesianism and Monetarism 1. J.M. Keynes (1937), ‘The General Theory of Employment’ 2. J.R. Hicks (1937), ‘Mr Keynes and the “Classics”: A Suggested Interpretation’ 3. A.W. Phillips (1958), ‘The Relation Between Unemployment and the Rate of Change in Money Wage Rates in the United Kingdom 1861-1957’ 4. M. Friedman (1968), ‘The Role of Monetary Policy’ 5. F. Modigliani (1977), ‘The Monetarist Controversy or, Should We Forsake Stabilization Policies?’ 6. C.D. Romer and D.H. Romer (1989), ‘Does Monetary Policy Matter? A New Test in the Spirit of Friedman and Schwartz’ 7. R.J. Gordon (1990), ‘What is New-Keynesian Economics?’ 8. L. Ball, N. G. Mankiw and D. Romer (1988), ‘The New Keynesian Economics and the Output-Inflation Trade-off’ [82] Part II: Rational Expectations and New Classical Theory 9. R.E. Lucas, Jr. (1976), ‘Economic Policy Evaluation: A Critique’[28] 10. T.J. Sargent and N. Wallace (1976), ‘Rational Expectations and the Theory of Economic Policy’ 11. F. E. Kydland and E.C. Prescott (1977), ‘Rules Rather than Discretion: The Inconsistency of Optimal Plans’ [19] 12. R.J. Shiller (1981), ‘Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends’ [15] 13. W.H. Buiter (1980), ‘The Macroecnomics of Dr Pangloss: A Critical Survey of the New Classical Macroeconomics’ 14. M.C. Lovell (1986), ‘Tests of the Rational Expectations Hypothesis’ Part III: Methodological Debates 15. R. Frisch (1936), ‘Note on the Term "Econometrics’ 16. M. Nerlove (1966), ‘A Tabular Survey of Macro-Econometric Models’ 17. C.A. Sims (1980), ‘Macroeconomics and Reality’ 18. D.F. Hendry (1980), ‘Econometrics – Alchemy or Science?’ 19. D.F. Hendry and J.-F. Richard (1982), ‘On the Formulation of Empirical Models in Dynamic Econometrics’ 20. E.E. Leamer (1983), ‘Let‘s Take the Con Out of Econometrics’ 21. R. Eisner (1989), ‘Divergences of Measurement and Theory and Some Implications for Economic Policy’ 22. D.F. Hendry and N.R. Ericsson (1991), ‘An Econometric Analysis of U.K. Money Dmand in Monetary Trends in the United States and the United Kingdom by Milton Friedman and Anna J. Schwartz’ Volume I: 586 pp Volume II: Applications Part I: Thatcherism and the Economy 1. C. Bean and J. Symons (1989), ‘Ten Years of Mrs T.’ Part II: The Political Business Cycle 2. A. Alesina (1989), ‘Politics and Business Cycles in Industrial Democracies’ Part III: European Monetary Union 3. B. Eichengreen (1993), ‘European Monetary Unification’ Part IV: Trade and Employment 4. J.D. Sachs and H.J. Shatz (1994), ‘Trade and Jobs in U.S. Manufacturing’ Part V: European Unemployment 5. C.R. Bean (1994), ‘European Unemployment: A Survey’ Part VI: Extreme Inflation 6. R. Dornbusch, F. Sturzenegger and H. Wolf (1990), ‘Extreme Inflation: Dynamics and Stabilization’ Part VII: The Economic Reform of Communism 7. S. Fischer (1992), ‘Stabilization and Economic Reform in Russia’ Volume II: 389 pp

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Book SynopsisIn Explaining Economic Growth David Lim presents a new analytical framework for explaining the different growth performances of developing countries.Drawing on the growth experience of the newly industrializing economies of East Asia, the author begins his analysis by identifying the sources of output growth and the factors behind them. Recognizing that no one explanation of economic growth is entirely satisfactory, Professor Lim's analysis enables the strengths of existing explanations to be highlighted and used in the construction of more convincing hypothesis of economic growth. An operational framework for identifying the policies needed to produce greater economic growth is also developed.Explaining Economic Growth presents the large and often unstructured development literature within a systematic framework allowing for a series of policy-oriented conclusions. Accessible and yet rigorous, this major new book will be widely used by students, researchers and policy makers concerned with economic growth and development.Trade Review'Lim is an excellent analytic economist, rigorously examining the sources of growth and their implications for policy.' -- E.W. Nafziger, Kansas State University, ChoiceTable of ContentsContents: Preface Part I: Introduction 1. Development Performances of Developing Countries 2. Explanations of Different Growth Performances Part II: A New Analytical Framework 3. A New Framework of Analysis 4. Sources of Output Growth 5. Economic Policies for Capital Accumulation 6. Economic Policies for Human Resource Development 7. Economic Policies for Technical Progress 8. Social and Political Values for Development Part III: The Next Stage 9. A New Hypothesis? Bibliography Index

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Book SynopsisEconomic Theory and Policy in Context brings together a selection of R.D. Collison Black’s essays on the relationships between economic theory and policy, viewed historically.Beginning with a series of essays concerned with economists and economic policy in nineteenth century Ireland, the volume continues with a section entitled ‘In and Out of the Mainstream’ featuring studies of the work of economists, both famous and obscure, which reflect their author’s special interest in the relation between economics and biography. The final section on the economics of W.S. Jevons brings together papers which encouraged a revival of interest in that economist, including two which were previously unpublished.R.D. Collison Black is one of the very few economists who has used the tools of history to study the relationship of economic theory to policy in detail. Bringing together his most important work in one accessible volume, this collection of his essays will be welcomed by students and researchers in the history of economic thought.Trade Review’The standard of these papers is so consistently high that it is hard to put the book down.’ -- John Creedy, The Manchester School’This is a splendid collection of fine papers. . .’– D.P. O’Brien, The Economic JournalTable of ContentsContents: Introduction Part I: Political Economy and the Irish Part II: In and Out of the Mainstream Part III: From Political Economy to Economics: The Work of W.S. Jevons List of Publications

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Book SynopsisIn this major book an internationally acclaimed group of scholars examines theoretical and applied topics of particular relevance to public choice analysis.Current Issues in Public Choice demonstrates the fruitfulness and originality of the Public Choice School. These twelve papers have been prepared by some of the most prominent scholars in economic science, including James M. Buchanan, Amartya K. Sen, Bruno S. Frey, Jon Elster, Geoffrey Brennan and Gordon Tullock. Specific areas covered include the foundations of public choice theory, its scope and method, constitutional economics, game theory, rent-seeking, the European Union, public finance and the theory of societal economics.The pioneering research, theory and analysis brought together in this volume will be widely and profitably used by economists, political scientists and public and social choice scholars seeking insight into fundamental theoretical issues and applied analyses on current affairs.Trade Review'The book is worth reading and can be recommended not only to public choice scholars but also to a broader audience.'Table of ContentsContents: Introduction Part I: Foundation of Public Choice Theory Part II: Scope and Method of Public Choice Theory Part III: Constitutional Economics Part IV: Public Choice and Game Theory Part V: Rent-Seeking Part VI: Constitutional Economics and European Union Part VII: Public Choice and Public Finance Part VIII: Theory of Societal Evolution

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Book SynopsisClassical location theory is extended from its least cost approach to a maximum profit framework in this outstanding collection of Melvin L. Greenhut's key essays. This extension of classical location theory changes the analysis used in location economics from that of pure competition to oligopolistic competition. Using the analysis which is developed in this volume, locational interdependencies and, in turn, industrial location are shown to be affected by, diverse factors, including among others, marginal cost curves, demand curves and the number of firms in the market. Employing empirical findings to relate theory to practice, the author establishes a general theory via which he investigates and resolves specific issues and problems.These essays make a major contribution by enabling the reader to appreciate the important developments that have taken place over recent years in location economics. Location Economics and its companion volume, Spatial Microeconomics, will be welcomed by students, teachers and practitioners of economics for improving access to Professor Greenhut's many important essays and papers.Trade Review’These volumes are essential reference tools in understanding the evolution of locational and spatial economics since WW2, and are technically accessible to specialist graduate students of location economics.’ -- Graham Crampton, The Economic JournalTable of ContentsContents: Introduction Part I: The Philosophical Framework Part II: Old and New Location Economics Part III: Applications of Location Economics Index

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Book SynopsisEconomic Theory and Reality presents Tibor Scitovsky's latest thinking on the relationship between economic theory and economic reality. This volume features discussion of many of the important theoretical contributions made to economics over the last 40 years including the Keynesian revolution and the ideas of Lerner, Steindl, Hirsch, Frank and many others who extended and enhanced the economist's toolbox.Professor Scitovsky's attempt to make economic theory more realistic and thereby more useful is the subject of the first part of the volume which includes his work on the necessity of asymmetric markets, some market power and righteous behaviour as conditions of a progressive and properly functioning market economy. The second major theme is the shortcomings of the real-world economy and, in particular, its failure to maintain macroequilibrium, price stability and full employment. This part includes examinations of inflexible wages and prices, excessive claims, positional goods, and the impact of second-hand markets on the macroeconomy. Economic Theory and Reality improves access to Professor Scitovsky's most important recent work, much of which was originally published either in foreign languages or outside the mainstream literature. As well as improving our understanding of his approach to economics and the contributions which he has made to scholarship, this book addresses key questions about the relevance of economic theory and its future direction.Trade Review'It is a book that is well worth having on the shelf. Economic theorists (macro and mirco), applied economists and welfare economists, and even economic consultants, have all much to gain from reading this book and returning to it at regular intervals. It will remind them all of some fundamental truths and confusions that the economics profession has to deal with.' -- John Stark, The Business Economist'His ability to remain original, thought-provoking and succinct, and to maintain his curiosity for so long, must be the envy of us all.’ -- Maurice Scott, The Economic JournalTable of ContentsThe benefits of asymmetric markets - 1990; the debate on socialist economic planning in today's perspective - 1993; Lerner's contribution to economics - 1984; the demand-side economics of inflation - 1986; moral sentiments and welfare of nations - 1991; how our economy stands up to scrutiny - 1990; growth in the affluent society - 1987; towards a theory of second-hand markets - 1994; the political economy of Josef Steindl - 1993; economic development in Taiwan and South Korea - 1965-81 - 1985; why the US saving rate is low - a conflict between the national accountant's and the individual saver's perceptions - 1986; the meaning, nature and sources of value in economics - 1993; what ails the United States of America - 1994; hindsight economics - 1991.

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Book SynopsisPluralism in Economics sheds new light on the various meanings and consequences of pluralist approaches to the history and methodology of economics. The first part focuses on philosophical and methodological issues. The second part contains six case studies which discuss diverse issues but adopt the pluralistic approach recommended in the first part.The contributors attempt to reconcile two major strands of thinking in economic methodology: the 'rhetoric' of economics as advocated by Deirdre McCloskey and the sociological approach which argues that scientific knowledge can be best analysed in the context of a sociological understanding of the scientific enterprise.The book has been prepared under the auspices of the European Association for Evolutionary Political Economy and presents new work by leading economists from both Europe and North America.Trade Review'. . . provides a valuable and provocative discussion. . . particularly good in exploring the variety of things that pluralism might mean. . .'Table of ContentsContents: Acknowledgements Introduction (A. Salanti) Part I: Philiosophical and Methodological Issues Part II: Case Studies in History and Methodology Afterword Methodological Pluralism

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Book SynopsisThe great tradition of classical economics is an enduring source of inspiration for new research relating to the development of economics as a discipline. This major volume brings together papers which reflect the durability as well as the diversity of classical research themes for historians of economics.Beginning with a re-evaluation of mercantilism, the volume continues with papers on stoicism in the work of Adam Smith, Smith’s use of the word ‘natural’, a game-theoretical evaluation of the Theory of Moral Sentiments and Wealth of Nations, a textual reinterpretation of Smith’s wage theories, and the important role of institutions in J.S. Mill’s economic analysis. The papers in this collection cover both Smithian classicism and the Ricardo - Marx - Sraffa classicism which is represented here by four papers on the work of Krishna Bharadwaj, a persuasive contemporary interpreter of this variant of the classical tradition.The Classical Tradition in Economic Thought demonstrates that classicism, in all its many faces, is not only alive but generating an ongoing flow of interpretative literature which will be of interest to students and scholars concerned with economic theory and the history of economic thought as well as the heterodox schools in modern economics.Table of ContentsContents: Introduction 1. An Appreciation of Mercantilism (W.D. Grampp) 2. Stoicism in the EPS: The Foundation of Adam Smith’s Moral Philosophy (P.A. Heise) 3. Adam Smith’s Unnaturally Natural (Yet Naturally Unnatural) Use of the Word “Natural” (S.J. Pack) 4. A Game-theoretic Re-evaluation of A.Smith’s Theory of Moral Sentiments and Wealth of Nations (A. Ortmann and S. Meardon) 5. A Rational Reconstruction of Smith’s Theory of Wages (C.E. Staley) 6. Institutionalist Supports in the Classical Economics of J.S. Mill (H.E. Jensen) 7. The Role of Perfect Foresight in Krishna Bharadwaj’s Critique of Demand and Supply Equilibrium-Based Theory (H. Gram) 8. Krishna Bharadwaj and the Revival of Classical Theory (M. Knell and S. Ramaswamy) Contributors: H. Gram, W.D. Grampp, P.A. Heise, H.E. Jensen, M.Knell, S. Meardon, S.J. Pack, A. Ortmann, S. Ramaswamy, C.E. Staley

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Book SynopsisThe Economics of Increasing Returns presents an authoritative collection of the most significant papers by leading scholars in this key area of economics.Increasing returns can change quite radically our view of how the economy operates. They make the economy seem more complicated and pose a challenge to the established wisdom. The papers in this volume cover the main areas in which the recognition of increasing returns makes a significant difference. They are arranged in six main sections: resource allocation and welfare economics, microfoundations of macroeconomics, product variety and imperfect competition, information and information technology, economic growth and international trade. Our understanding of economies with increasing returns is far from complete. This thought-provoking collection gives an insight into existing work on the subject and indicates those areas where further research would bear fruit.Trade Review’This volume in the series ‘’The International Library of Critical Writings in Economics’’, is an essential reference source for researchers, containing a selection of most important and pioneering articles written by the most outstanding experts in the field. . . . Certainly, it is a benefit to economists to have all these path-breaking papers from widely scattered sources brought together conveniently. Such papers represent the progress of research, which already looks impressive. The volume will be an important stimulus to further research as well.’- Elettra Agliardi, The Economic JournalTable of ContentsContents: Acknowledgements • Introduction Part I: Resource Allocation and Welfare A Alternatives to the Market 1. K.J. Arrow, F.J. Gould and S.M. Howe (1977), ‘A General Saddle Point Result for Constrained Optimization’ 2. G.M. Heal (1969), ‘Planning without Prices’ 3. Geoffrey Heal (1971), ‘Planning, Prices and Increasing Returns’ 4. Hajime Hori (1975), ‘The Structure of the Equilibrium Points of Heal’s Process’ 5. M. Aoki (1971), ‘An Investment Planning Process for an Economy with Increasing Returns’ 6. Jacques Cremer (1977), ‘A Quantity-Quantity Algorithm for Planning under Increasing Returns to Scale’ 7. Geoffrey Heal (1984), ‘Equivalence of Saddle-Points and Optima for Non-Concave Programmes’ B General Equilibrium 8. Roger Guesnerie (1975), ‘Pareto Optimality in Non-Convex Economies’ 9. Donald J. Brown and Geoffrey Heal (1979), ‘Equity, Efficiency and Increasing Returns’ 10. Paulina Beato and Andreu Mas-Colell (1985), ‘On Marginal Cost Pricing with Given Tax-Subsidy Rules’ 11. Donald J. Brown, Geoffrey M. Heal, M. Ali Khan and Rajiv Vohra (1986), ‘On a General Existence Theorem for Marginal Cost Pricing Equilibria’ 12. Donald J. Brown and Geoffrey M. Heal (1983), ‘Marginal vs. Average Cost Pricing in the Presence of a Public Monopoly’ 13. Aaron S. Edlin, Mario Epelbaum and Walter P. Heller (1998), ‘Is Perfect Price Discrimination Really Efficient?: Welfare and Existence in General Equilibrium’ 14. Pierre Dehez and Jacques Drèze (1988), ‘Competitive Equilibria with Quantity-Taking Producers and Increasing Returns to Scale’ Part II: Micro Foundations of Macroeconomics 15. Geoffrey Heal (1992), ‘Stable Disequilibrium Prices’ 16. Graciela Chichilnisky, Geoffrey Heal and Yun Lin (1995), ‘Chaotic Price Dynamics, Increasing Returns and the Phillips Curve’ 17. Martin L. Weitzman (1982), ‘Increasing Returns and the Foundations of Unemployment Theory’ 18. Geoffrey Heal (1981), ‘Rational Rationing and Increasing Returns: An Example’ 19. Geoffrey Heal (1986), ‘Macrodynamics and Returns to Scale’ Part III: Product Variety and Imperfect Competition 20. Avinash K. Dixit and Joseph E. Stiglitz (1977), ‘Monopolistic Competition and Optimum Product Diversity’ 21. Geoffrey Heal (1980), ‘Spatial Structure in the Retail Trade: A Study in Product Differentiation with Increasing Returns’ 22. Michael Spence (1976), ‘Product Selection, Fixed Costs, and Monopolistic Competition’ Part IV: Increasing Returns, Information and Information Technology 23. Paul A. David (1985), ‘Clio and the Economics of QWERTY’ 24. Geoffrey Heal (1999), ‘Price and Market Share Dynamics in Network Industries’ 25. W. Brian Arthur (1989), ‘Competing Technologies, Increasing Returns, and Lock-in by Historical Events’ 26. Robert Wilson (1975), ‘Informational Economies of Scale’ 27. Roy Radner and Joseph E. Stiglitz (1984), ‘A Nonconcavity in the Value of Information’ Part V: Economic Growth 28. Allyn A. Young (1928), ‘Increasing Returns and Economic Progress’ 29. Kenneth J. Arrow (1962), ‘The Economic Implications of Learning by Doing’ 30. Avinash Dixit, James Mirrlees and Nicholas Stern (1975), ‘Optimum Saving with Economies of Scale’ 31. Graciela Chichilnisky (1981), ‘Existence and Characterization of Optimal Growth Paths including Models with Non-Convexities in Utilities and Technologies’ 32. Paul M. Romer (1986), ‘Increasing Returns and Long-Run Growth’ Part VI: International Trade 33. Paul R. Krugman (1979), ‘Increasing Returns, Monopolistic Competition, and International Trade’ 34. Graciela Chichilnisky (1996), ‘Trade Regimes and Gatt: Resource Intensive vs. Knowledge Intensive Growth’ 35. Graciela Chichilnisky and Geoffrey Heal (1986), ‘Large-Scale Technologies and Patterns of Trade’ 36. Ralph E. Gomory (1994), ‘A Ricardo Model with Economies of Scale’ Name Index

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Book SynopsisIn this enlightening book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the evolution and structure of Hume's, Smith's, Ricardo's and Malthus' analyses, that it is not only contemporary international economic theory which takes account of these issues.Berdell uses a series of non-linear dynamic models to illustrate and analyse important aspects of each author's discussion of the interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Stuart Mill's plan to synthesise and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology.This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade.Trade Review'. . . this is a highly original, stimulating contribution to the study of classical economics. . . The book will be of interest to historians of economics for its path-breaking attempt to follow Waterman's suggestions for writing good history, and it will be of interest to contemporary practitioners for its rational reconstructions.'Table of ContentsContents: Preface 1. Historical Dynamics: Cosmopolitan and International Part I: From Cosmopolitan to International: Four Classical Visions of Commercial Openness 2. Trading in Innovation: Hume and the Case for Freer Trade 3. Trading Animosity: Adam Smith and the Ambiguity of Nations 4. Stability and Openness: the Malthus–Ricardo Debate Part II: Some Classical Dynamics of Open Economy Growth 5. The Present Relevance of Hume’s Open Economy Monetary Dynamics 6. A Dynamic Model of the Division of Labor and the Extent of the Market 7. Effective Demand and Technical Change in the Ricardo–Malthus Debate Concluding Thoughts 8. Classical Political Economy: Back to Their Future? Bibliography Index

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Book SynopsisThe impact of technical change on employment is investigated in this important new book which offers a critical appraisal of how far current economic analysis and theory can deal with this key policy issue.The Economics of Technology and Employment addresses the impact of technical change on employment from both theoretical and empirical perspectives. After an analytical discussion of theoretical propositions and models put forward by classical and contemporary economists, Dr Vivarelli develops a model to examine the extent to which worker displacement due to technical progress can be offset by compensatory market forces. This model is tested using Italian and US aggregate time-series data. The theoretical discussion and empirical results are combined to demonstrate that the employment impact of labour saving technologies can only be partially counter-balanced by market forces and so economic policy measures could be necessary.This important and innovative volume will be welcomed by economists and policymakers as a major contribution to our theoretical understanding of employment, industrial innovation and technical change.Trade Review'. . . the book covers in an interesting and useful way a wide range of issues, systematically connected with an enlarged assessment of the compensation theory.'Table of ContentsContents: 1. Introduction 2. The Economics of Technical Change and Employment 3. Technology and Employment in the History of Economic Thought: Towards a Comprehensive Taxonomy 4. The Recent Debate: The Neoclassical Approach 5. The Recent Debate: Alternative Approaches 6. The Empirical Studies: A Critical Survey 7. A Testable Model 8. The Econometric Tests Based on Italian Data 9. The Econometric Tests Based on US Data 10. Conclusions and Policy Implications References Index

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Book SynopsisThis is the first of a two volume collection of the late Julian Simon's important and radical contributions to a wide variety of economic problems. Often considered as controversial and unorthodox, these essays challenge conventional approaches. The book begins with introductory chapters in which the author discusses his background and experiences as a controversial scholar. Divided into six parts, the first part considers some basic concepts on issues such as welfare, natural resources, causality and product differentiation. The second part contains essays on managerial economics as well as general microeconomics including monopoly, duopoly and oligopoly. Advertising is discussed in the third part and industrial organization in the fourth. Part five focuses on policies for exchange and auction considering, among other issues, airline overbooking, and the final section features articles on macroeconomics.This collection of controversial essays will be welcomed by academics and students interested in unorthodox approaches to various economic theories and concepts.Table of ContentsContents: Introduction Part I: Philosophical Analyses of Basic Conceptual Issues Part II: Managerial Economics and General Microeconomics Part III: Microeconomics – Advertising Part IV: Industrial Organization Part V: Policy Schemes Based on Exchange and Auction Part VI: Macroeconomics Index

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Book SynopsisThis second volume of the late Julian Simon's articles and essays continues the theme of volume one in presenting unorthodox and controversial approaches to many fields in economics.The book features a wide range of papers divided into eight parts with a biographical introduction to the author's career and intellectual development as well as personal revelations about his background. Part One contains essays on statistics and probability which are developed in the second section on theoretical and applied econometrics. The third part considers individual behavior, including discussion of the effects of income on suicide rates and successive births, and foster care. Parts four and five present papers on population and migration, for which the author is best known. The sixth part contains Professor Simon's controversial discussion of natural resources and the articles in part seven relate to welfare analysis. In the final part some of the author's previously unpublished papers are presented, including discussions on duopoly and economists' thinking.Like the first volume this collection will be of interest to academics and students welcoming controversial and unorthodox approaches to a wide variety of theories and concepts in economics.Table of ContentsContents: Introduction Part I: Statistics and Probability Part II: Theoretical and Applied Econometrics Part III: Individual Behavior Part IV: Population Economics Part V: Immigration Part VI: Natural Resources Part VII: Welfare Analysis Part VIII: Miscellaneous Index

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Book SynopsisThis book is the first English language edition of Le Commerce et le Gouvernement by the distinguished eighteenth century economist and philosopher Condillac. It was one of the most original contributions to French economics in the eighteenth century. In this edition the editors provide an English translation of the original and a comprehensive account of Condillac's life and contribution to economics. In the late eighteenth century Condillac used the clarity and precision of thought of a leading philosopher to derive a fundamental set of economic principles and their implications for policy. He arrived at the same free trade conclusions as Adam Smith, and Le Commerce et le Gouvernement was published in the same year as The Wealth of Nations. Condillac's economics was initially condemned by the physiocrats because in his utility-based analysis, industry and commerce and not just agriculture contributed to the wealth of France. The original French edition was quickly dismissed by those in positions of power in France who preferred dirigism to competition, while across the Channel the British were unaware of its existence. The importance of Condillac's contribution to economics was recognised after the marginal revolution of the 1870's. In the eighteenth century Condillac won the respect of Voltaire and Rousseau, and the high regard of the King and the Church. His work has since been admired by Allais, Hayek, Menger and Weulersse, while Jevons believed that it provided the first distinct statement of the true connection between value and utility. Commerce and Government will be of special interest to historians of economic thought and those interested in the economic history of the eighteenth century.Trade Review'. . . fine translation of Condillac's book prepared by Shelagh Eltis. . . . the translation is crisp, elegant and, of particular importance, accurately reflects Condillac's meaning in so far as any translation can do so. To this high quality translation can be added an equally high quality introduction in which the translator is joined by Walter Eltis, the noted commentator on French eighteenth century economics.'Table of ContentsContents: Preface Part I: The Life and Contribution to Economics of the Abbé de Condillac 1. Étienne Bonnot: Abbé de Condillac, 1714–1780 2. The Economics of the Abbé de Condillac 3. The Editions of Commerce and Government Part II: Commerce and Government: Considered in their Mutual Relationship (Translated by Shelagh Eltis) Bibliography Index

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Book SynopsisTrade, Technology and Economics represents a careful selection of papers from some of the world’s most influential economists of today reflecting areas in which Richard Lipsey has made fundamental contributions.This important volume pays tribute to Richard Lipsey, who has established a major international reputation through his wide ranging contribution to economics. Focusing on certain aspects of his work, the issues explored within the volume include: the theory of second best; unemployment, inflation and the Phillips Curve; trade theory, customs unions and the growth of the global economy; strategic behaviour in an exchange economy; competition and strategic choice of technology to support collusive oligopoly equilibria and property rights and technology.This collection of outstanding papers, written by a distinguished group of scholars - including Mark Blaug, Richard G. Harris, Kelvin Lancaster, David Card, David Laidler, R.J. Wonnacott and Michael Parkin - reflects the high esteem in which Richard Lipsey is held.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.’ -- Miroslav N. Jovanovic, Economia Internazionale’In this careful selection of papers, some of the world’s most influential economists of today reflect on areas to which Richard Lipsey has made fundamental contributions.’- Business HorizonsTable of ContentsContents: Introduction Part I: The Theory of Second Best Part II: Macroeconomic Issues Part III: Trade Theory and Policy Part IV: Industrial Organization Part V: Other Perspectives Index

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Book SynopsisThis book reflects Robert Dorfman's important contributions to the analysis of economic theory and public decision making during the last forty years.The central concern of much of Professor Dorfman's career has been social decisions: how to reach them and how to judge them. This has meant that he has worked in a wide range of areas within economics including statistics, economic theory, natural resource and environmental economics, social decisions and the history of economic thought. In more recent papers he has challenged the traditional concepts relating to the maximisation of social welfare.This outstanding collection of essays is a true reflection of the diversity of Robert Dorfman's interests and the depth of his economic knowledge. It will appeal to academics and students interested in economic theory, public sector economics and environmental economics and to historians of economic thought.Trade Review'This collection of essays by Robert Dorfman, reflects the diversity of his interests and the depth of his economic knowledge. . . . This volume will be of interest to academics and people concerned with economic theory, public sector economics and environmental economics, and to historians of economic thought.' -- International Labour Review'It is a tribute to Dorfman's stature that all his essays on social decisions and on policy matters, and those written for a wider audience still read well, decades after they were written.'– Gianni de Fraja, The Economic JournalTable of ContentsContents: Acknowledgements Introduction Part I: Statistics Part II: Mathematical Methods Part III: Economic Theory Part IV: Natural Resource and Environmental Economics Part V: Social Decisions Part VI: History of Economics Index

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Book SynopsisEvolutionary Economics and Path Dependence presents important new theoretical and empirical work on economic change, learning processes, institutional change, choice and path dependency.The theoretical section includes discussion of the microfoundations of path dependency, path dependency in industrial networks, path dependence and the theory of the firm, lock-in effects in relation to professional organizations, the notion of bricolage in relation to path dependency and new and neo-institutional perspectives on the theory of the firm. The empirical part focuses on institutional change in the communications and transport sectors of the economy. More specifically it shows how path dependency occurs and develops through various types of lock-in effects within institutions.This book will be essential reading for academics and students of economics and economic history wishing to keep up-to-date with research at the frontier of this exciting field.Table of ContentsContents: 1. Introduction L. Magnusson and J. Ottosson 2. Mechanisms of Evolutionary Change in Economic Governance: Interaction, Interpretation and Bricolage J.L. Campbell 3. Theory of the Firm Revisited: New and Neo-institutional Perspectives J. Groenewegen and J. Vromen 4. Path-dependence of Knowledge: Implications for the Theory of the Firm B. Nooteboom 5. Strategic Lock-in as a Human Issue: The Role of Professional Orientation M. Dietrich 6. The Microfoundations of Path-dependency S. Rizzello 7. Paths in Time and Space – Path-Dependence in Industrial Networks H. Hakansson and A. Lundgren 8. The Making of National Telephone Networks in Scandinavia. The State and the Emergence of National Regulatory Patterns 1880–1920 L. Andersson-Skog 9. Institutions as Determinants of Institutional Change – Case Studies in the Field of EEC Transport Policy J. Bergdahl and J.L. Östlund 10. Institutional Change and European Air Transport, 1910–1985 P.J. Lyth 11. Path Dependence and Institutional Evolution – The Case of the Nationalisation of Private Railroads in Interwar Sweden J. Ottosson References Index

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Book SynopsisThis important book presents the most important articles by leading scholars in their fields which bring together three basic aspects of research into nonlinear dynamics and economics. The first papers deal with the theoretical methods used in analysing chaotic dynamics and the statistical tools to detect the presence of non linearities in economic data. The following articles discuss the models which are currently being used to stimulate nonlinear economic phenomena. The final papers apply these methods to a number of economic time series.The editor has written a new introduction to accompany the piece.Table of ContentsContents: Acknowledgements Introduction Part I: Methods Part II: Models Part III: Evidence Index

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Book SynopsisThis book presents some of Arnold Zellner's outstanding contributions to the philosophy, theory and application of Bayesian analysis, particularly as it relates to statistics, econometrics and economics. The volume contains both previously published and new material which cite and discuss the work of Bayesians who have made a contribution by helping researchers and analysts in many professions to become more effective in learning from data and making decisions. Bayesian and non-Bayesian approaches are compared in several papers. Other articles include theoretical and applied results on estimation, model comparison, prediction, forecasting, prior densities, model formulation and hypothesis testing. In addition, a new information processing approach is presented that yields Bayes's Theorem as a perfectly efficient information processing rule.This volume will be essential reading for academics and students interested in qualitative methods as well as industrial analysts and government officials.Trade Review'. . . this book must stand as a testament to a life's work by a man who has arguably done more to popularize Bayesian econometrics than anyone else.' -- Gary Koop, Economic RecordTable of ContentsContents: Preface Part I: Introduction Part II: Overview of Bayesian Analysis Part III: Bayesian Priors, Models and Information Processing Part IV: Bayesian Methods Section A. Estimation Section B. Testing and Model Selection Section C. Prediction and Control Part V: Bayesian Forecasting Index

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Book SynopsisThe problems associated with chronically high inflation and hyper inflation continue to preoccupy policy makers and economists. In Great Inflations of the 20th Century, Pierre Siklos has gathered together major papers by a distinguished group of scholars who use historical episodes to understand and explain a key issue.Beginning with general surveys of historical experiences of hyperinflation and cases of chronic inflation, this volume continues with papers on the conditions which are conducive to generating high inflation. The link between monetary policy and inflation is examined through empirical studies of inflationary episodes in Germany, Hungary and Bolivia. The final part looks at how policy makers can seek to end high inflation with the smallest possible economic cost.Bringing together in one accessible volume a series of acclaimed contributions to the field, Great Inflations of the 20th Century will be a key reference resource for interested scholars and policy makers concerned with the myriad of issues surrounding the beginning and end of high or chronic inflation.Trade Review'. . . the book contains an interesting collection of articles. . .'Table of ContentsContents: Preface List of Table List of Figures List of Contribution Part I: Surveys Part II: Conditions Conductive to High Inflation Part III: Empircal Studies of the Money-Prices Nexus Part IV: The Ending of Hyperinflation

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Book SynopsisIn The Makers of Modern Economics scholars at the peak of their powers reflect on their influences, education and careers as well as the wider concerns of economics as a discipline.Leading figures at the centre of developments in modern economic theory have been invited by Arnold Heertje to discuss their careers, their work to date and, in particular, their views on future research. The first volume in this series was acclaimed by Professor David Audretsch as ‘a unique insight into the thoughts and lives of prominent economists’. . . The second volume includes essays by Mauro L. Baranzini, Paul Krugman, Masahiko Aoki, Bruno S. Frey, Edmund S. Phelps and Oliver E. Williamson.These essays discuss their development as scientists, the problems and issues that interested them, and the individuals who guided and influenced them. The Makers of Modern Economics offers an exciting impression of the - sometimes conventional, sometimes unexpected - course of their lives.Table of ContentsContents: Part I: Economics as an Explanatory, and not Predictive Science Part II: The Role of Institutions in Economics Part III: The ‘Reconstruction’ of the Theory of Wealth and Income Distribution Part IV: Some Personal Recollections

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Book SynopsisThis important three volume set is a collection of Edgeworth's published writings in the areas of statistics and probability. There is a newly-emerging interest in probability theory as a basis for economic thought and this collection makes the writings of Edgeworth more accessible.A new introduction written by the editor covers the biographical details, a brief abstract of each of the articles and the basis of their selection is also included.Trade Review'The editor and the publisher have done well, I believe, in bringing so much of Edgeworth's work to renewed notice. Some of this work was originally published in very out-of-the-way locations. The editor deserves the thanks of the scholarly community for the thoroughness of his searches.'Table of ContentsContents: Volume I: Acknowledgements Introduction Part I: Probability Part II: The Law of Error Name Index • Volume II: The Theory of Statistics Name Index • Volume III: Part I: Applications of Probability and Statistical Theory to Economics and the Social Sciences Part II: Applications of Probability and Statistical Theory to Physics, Chemistry and Biology Part III: Applications of Probability and Statistical Theory to Education Part IV: Applications of Probability and Statistical Theory to Psychical Research Index

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Book SynopsisPieter Hennipman, the leading Dutch economist of the post-war period, made many substantial contributions to economic policy, welfare economics and, latterly, the methodology and history of economic thought during a long and distinguished career.Welfare Economics and the Theory of Economic Policy brings together a key selection of Professor Hennipman's papers - many of which have not been published in English before - which express his profound analysis of the theory of economic policy and his masterful discussion of its definition, character and scope. The pioneering work featured here developed his argument that normative economic statements and economic policies can be analysed scientifically and evaluated with the use of objective criteria. Prominent among these papers are the contributions to welfare economics and Pieter Hennipman's examination of the transition from the view that welfare was exclusively dependent on production to one which saw it as a subjective phenomenon dependent upon consumption. This volume also includes his rigorous and insightful essays on the history of the theory of welfare economics.With a thorough introduction by Donald Walker, this comprehensive volume will improve access to Professor Hennipman's outstanding contributions on the nature of the theory of economic policy as well as papers which place welfare theory in relation to other sections of economic theory in a penetrating and sophisticated manner.Trade Review'This book provides an excellent reference volume by bringing together a collection of this distinguished author's key papers covering analysis of the theory of economic policy and discussion of its definition, character and scope.' -- Aslib Book Guide'. . . I recommend the book especially to the "mainstream" sceptics.'– Yew-Kwang Ng, The Manchester SchoolTable of ContentsContents: Preface Introduction 1. On the Theory of Economic Policy 2. Pareto Optimality: Value Judgement or Analytical Tool? 3. Welfare Economics: The Hennipman–Mishan Debate 4. The Reasoning of a Great Methodologist: Mark Blaug on the Nature of Paretian Welfare Economics 5. Two Kinds of Interpersonal Utility Comparison 6. Distribution in Paretian Welfare Economics 7. Wicksell and Pareto: Their Relationship in the Theory of Public Finance 8. Some Notes on Pareto Optimality and Wicksellian Unanimity 9. A Tale of Two Schools: Comments on a New View of the Ordinalist Revolution 10. Hicks, Robbins and the Demise of Pigovian Welfare Economics: Rectification and Amplification Index

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Book SynopsisMathematical Economics is an authoritative collection of the most influential contributions essential to an understanding of this important area of economic science. These seminal papers illustrate the development of the field from its inception in the 19th century up to the present, and exhibit the power of mathematics to lead to new thinking which can illuminate the scientific structures underlying economic arguments. Many of these papers started new fields of economics, influencing deeply the way economists think about their world. They illustrate the extensive range of topics to which mathematics has been applied productively, and show the areas of mathematics which have proved valuable, including functional analysis, linear algebra, algebraic and differential topology, stochastic processes and dynamical systems. They also show the extent to which today’s policy analysis rests on yesterday’s mathematical economics. Anyone with an interest in economics as a science will find this collection indispensable. The collection is an essential part of any course using mathematical economics.Table of ContentsContents: Volume I: Acknowledgements • Introduction Graciela Chichilnisky Preferences and Public Choice 1. Giovanni Battista Antonelli (1971), ‘On the Mathematical Theory of Political Economy’ 2. Kenneth J. Arrow (1950), ‘A Difficulty in the Concept of Social Welfare’ 3. Yuliy M. Baryshinikov (1993), ‘Unifying Impossibility Theorems: A Topological Approach’ 4. Graciela Chichilnisky (1980), ‘Social Choice and the Topology of Spaces of Preferences’ 5. Duncan K. Foley (1976), ‘Resource Allocation and the Public Sector’ 6. Paul Milgrom (1981), ‘An Axiomatic Characterization of Common Knowledge’ 7. Graciela Chichilnisky and Geoffrey Heal (1983), ‘Necessary and Sufficient Conditions for a Resolution of the Social Choice Paradox’ 8. G. Chichilnisky and G.M. Heal (1997), ‘The Geometry of Implementation: A Necessary and Sufficient Condition for Straightforward Games’ 9. Gerard Debreu (1976), ‘Smooth Preferences: A Corrigendum’ 10. Allan Gibbard (1973), ‘Manipulation of Voting Schemes: A General Result’ 11. Theodore Groves and John Ledyard (1977), ‘Optimal Allocation of Public Goods: A Solution to the “Free Rider” Problem’ 12. Ehud Kalai and Eitan Muller (1977), ‘Characterization of Domains Admitting Nondictatorial Social Welfare Functions and Nonmanipulable Voting Procedures’ 13. M. Ali Khan and Ye Neng Sun (1990), ‘On Complete Regularity of Spaces of Economic Agents Endowed with the Order Topology’ 14. L. Lauwers (1995), ‘Social Choice with Infinite Populations’ 15. Amartya Sen and Prasanta K. Pattanaik (1969), ‘Necessary and Sufficient Conditions for Rational Choice Under Majority Decision’ 16. Dieter Sondermann (1975), ‘Smoothing Demand by Aggregation’ 17. Donald M. Topkis (1978), ‘Minimizing a Submodular Function on a Lattice’ Name Index Volume II: Acknowledgements Part I: Savings and Growth 1. F.H. Hahn (1966), ‘Equilibrium Dynamics with Heterogeneous Capital Goods’ 2. Harold Hotelling (1931), ‘The Economics of Exhaustible Resources’ 3. Graciela Chichilnisky (1996), ‘An Axiomatic Approach to Sustainable Development’ 4. Walter Perrin Heller (1971), ‘Disequilibrium Dynamics of Competitive Growth Paths’ 5. Tjalling C. Koopmans (1965), ‘On the Concept of Optimal Economic Growth’ 6. F.P. Ramsey (1928), ‘A Mathematical Theory of Saving’ 7. J. V. Neumann (1945), ‘A Model of General Economic Equilibrium’ 8. Roy Radner (1961), ‘Paths of Economic Growth that are Optimal with Regard Only to Final States: A Turnpike Theorem’ 9. Harl E. Ryder, Jr. and Geoffrey M. Heal (1973), ‘Optimal Growth with Intertemporally Dependent Preferences’ 10. G. Chichilnisky and P.J. Kalman (1980), ‘Application of Functional Analysis to Models of Efficient Allocation of Economic Resources’ 11. Graciela Chichilnisky (1977), ‘Nonlinear Functional Analysis and Optimal Economic Growth’ Part II: General Equilibrium 12. Donald J. Brown, Geoffrey M. Heal, M. Ali Khan and Rajiv Vohra (1986), ‘On a General Existence Theorem for Marginal Cost Pricing Equilibria’ 13. Egbert and Hildegard Dierker (1972), ‘The Local Uniqueness of Equilibria’ 14. Yves Balasko (1979), ‘A Geometric Approach to Equilibrium Analysis’ 15. Donald J. Brown and Geoffrey Heal (1979), ‘Equity, Efficiency and Increasing Returns’ 16. Graciela Chichilnisky and Yuqing Zhou (1996), ‘Smooth Infinite Economies’ 17. Duncan K. Foley (1994), ‘A Statistical Equilibrium Theory of Markets’ 18. John F. Nash, Jr. (1950), ‘Equilibrium Points in N-Person Games’ 19. Gerard Debreu (1975), ‘The Rate of Convergence of the Core of an Economy’ 20. Graciela Chichilnisky (1996), ‘A Unified Perspective on Resource Allocation: Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium, the Core and Social Choice’ 21. Allan M. Feldman (1973), ‘Bilateral Trading Processes, Pairwise Optimality, and Pareto Optimality’ 22. John Geanakoplos and Geoffrey Heal (1983), ‘A Geometric Explanation of the Transfer Paradox in a Stable Economy’ 23. Roger Guesnerie (1975), ‘Pareto Optimality in Non-Convex Economies’ 24. Graciela Chichilnisky (1986), ‘A General Equilibrium Theory of North–South Trade’ 25. Yuqing Zhou (1997), ‘Genericity Analysis on the Pseudo-Equilibrium Manifold’ Name Index Volume III: Acknowledgements Part I: Uncertainty and Financial Markets 1. Kenneth J. Arrow (1963), ‘Uncertainty and the Welfare Economics of Medical Care’ 2. Louis Bachelier (1900), ‘Theory of Speculation’ 3. Graciela Chichilnisky (1985), ‘Von Neumann–Morgenstern Utilities and Cardinal Preferences’ 4. I.N. Herstein and John Milnor (1953), ‘An Axiomatic Approach to Measurable Utility’ 5. Mark J. Machina (1982), ‘“Expected Utility” Analysis without the Independence Axiom’ 6. E. Malinvaud (1973), ‘Markets for an Exchange Economy with Individual Risks’ 7. Bruno de Finetti (1937), ‘Foresight: Its Logical Laws, Its Subjective Sources’ 8. Kenneth J. Arrow (1970), ‘Exposition of the Theory of Choice under Uncertainty’ 9. Graciela Chichilnisky (1996), ‘Markets with Endogenous Uncertainty: Theory and Policy’ 10. Nicholas C. Yannelis (1991), ‘The Core of an Economy with Differential Information’ 11. Graciela Chichilnisky and Geoffrey Heal (1996), ‘On the Existence and the Structure of the Pseudo-Equilibrium Manifold’ 12. Darrell Duffie and Wayne Shafer (1985), ‘Equilibrium in Incomplete Markets: I: A Basic Model of Generic Existence’ 13. Fischer Black and Myron Scholes (1973), ‘The Pricing of Options and Corporate Liabilities’ 14. Leonard J. Savage (1971), ‘Elicitation of Personal Probabilities and Expectations’ Part II: Stability and Computation 15. Richard H. Day and Giulio Pianigiani (1991), ‘Statistical Dynamics and Economics’ 16. B. Curtis Eaves and Herbert Scarf (1976), ‘The Solution of Systems of Piecewise Linear Equations’ 17. Morris W. Hirsch and Stephen Smale (1979), ‘On Algorithms for Solving f(x) = 0’ 18. Steve Smale (1983), ‘On the Average Number of Steps of the Simplex Method of Linear Programming’ 19. Paul A. Samuelson (1949), ‘Market Mechanisms and Maximization’ 20. Geoffrey Heal and Darryl McLeod (1984), ‘Gains from Trade, Stability and Profits: A Comment on Chichilnisky’s “Terms of Trade and Domestic Distribution: Export-led Growth with Abundant Labour”’ Name Index

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Book SynopsisThe Austrian Theory of Value and Capital provides a meticulous account of Eugen von Bohm-Bawerk's life, his theory of value, capital and interest within the context of 19th century German economic thought and the development of neoclassical economic theory.This book provides an insight into Bohm-Bawerk's intellectual development, his political leanings and personal background, including a wealth of previously unknown facts. The study also considers the development of economic thought in the 19th century in Germany and Austria. It critically analyses the work and contribution of Bohm-Bawerk and concludes that his analysis belongs to traditional 19th century German economic thought. Closely related to this is the clarification made by the author of what is genuinely 'Austrian' in the 'Austrian theory of value and distribution'. To complement the study of Bohm-Bawerk, the book also contains the first English translation of his letters to Knut Wicksell.This book will be of interest to economic theorists, those interested in Austrian economics and the history of economic thought and economic historians.Trade Review'It will be applauded as a great discovery illuminating the essence of the School and its founder, by European ('modern'/Bohm-Bawerkian) Austrians.'Table of ContentsContents: Preface Heinz D. Kurz Preface Klaus H. Hennings 1. Introduction and Abstract 2. The Life and Career of a Public Servant: Eugen Ritter Böhm von Bawerk (1851–1914) 3. Economic Theory in Germany and Austria, ca 1860–80 4. The Genesis of a Theory 5. The Theory of Value: Consumer Behaviour 6. The Theory of Value: Producer Behaviour 7. The Theory of Interest 8. The Theory of Capital 9. The Theory of Value, Capital and Interest 10. Conclusion Bibliography Appendix Index

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Book SynopsisThis major volume features a key selection of Wilfred Beckerman's work on the determinants of economic growth in the post-war world, income distribution and environmental policy. Economic growth is the focus of the first part of this volume which includes papers on the causes of differentiated rates of growth in the post-war years, its relationship to welfare, and the desirability of economic growth. The relationship between growth and the state of the environment is the subject of the second part of the volume which includes discussion of the economics of climate change, obligations to future generations and the justification of discounting. In this part of the book, Wilfred Beckerman also questions the value of sustainable development. The third part of the book, on inequality and poverty, focuses on the distribution of incomes, the conceptual problems of poverty measurement and the impact of social security payments in Britain. This volume also features an extensive introduction in which the author looks back on his career both as an academic and as a civil servant.Iconoclastic and thought-provoking, Growth, the Environment and the Distribution of Incomes will be welcomed as a wide-ranging and unconventional discussion of economic approaches to the environment, wealth distribution and growth.Table of ContentsPart I Economic growth in the real world. Part II Economic growth and the environment. Part III Inequality and poverty.

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Book SynopsisThis fascinating book brings together and examines all aspects of the life and work of one of the most influential thinkers of the last century, John Maynard Keynes, whose theses are still hotly debated. It combines, in an accessible, unique and cohesive manner, analytical, biographical and contextual elements from a variety of perspectives.Gilles Dostaler studies in detail the battles that Keynes led on various fronts - politics, philosophy, art, and of course economics - in the pursuit of a single and lifelong goal: to radically transform society to create a better world, a world pacified and freed from the neurotic pursuit of financial wealth and economic rentability, with art at its pinnacle. Containing detailed presentations of the Bloomsbury group and the political history of Great Britain, Keynes and his Battles is an essential reference to this most important of 20th century figures whose central message remains as topical today as it ever was. The study also contains a unique chronology of Keynes's life and historical events, portraits of Keynes by his friends and contemporaries, as well as a full bibliography of all his books, chapters contributed to books, journal articles and reviews.Scholars, students and researchers of economics, history of economic thought, political science, sociology, history, philosophy and the history of arts will find this an absorbing and revealing work. The book should also interest journalists, decision makers in society and all those who are preoccupied by the problems of our time.Trade Review'The book provides a fresh and interesting approach to the man and his thinking. . . serves as a useful, highly readable and thoroughly researched introduction to Keynes.'Table of ContentsContents: 1. Introduction 2. Ethics: The Sources of Keynes’s Vision First Interlude: Bloomsbury and the Apostles 3. Knowledge: Uncertainty, Probabilities and the Moral Sciences 4. Politics: Beyond Liberalism and Socialism Second Interlude: The Political History of Great Britain During the Time of Keynes 5. War and Peace: From the Boer War to Versailles 6. Money: Economic Motor and Social Pathology 7. Labour: The Battle Against Unemployment 8. Gold: An International Monetary System in the Service of Humanity 9. Art: Theoretician, Consumer and Patron of the Arts 10. Conclusion: From Keynes to Keynesianism Appendix 1. Keynes and his Time: Chronology Appendix 2. Maynard as Seen by his Friends and Contemporaries Bibliography Index

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Book SynopsisDissenters have a common dissatisfaction with economics as it is currently practised, and they recognise that twentieth century economics has failed to explain real world economic phenomena. This major book focuses on the work and lives of seventeen of the most influential dissenting economists who have shaped twentieth century economics and who continue to make economics more relevant.In Economics and its Discontents each chapter explains what it means to be a dissenting economist and examines how and why the work of the featured economist constitutes dissent. It demonstrates that dissent in the profession extends beyond ideology and that dissenters can come from radical, liberal or conservative backgrounds. Dissent is considered in many respects, including how economics is taught, the methodology of economic analysis, the lack of attention economists pay to the real world behaviour of individuals, the narrow and limited assumptions made by economists, the inappropriate attempt of economics to dominate all social sciences, and the policy conclusions reached by standard economic analysis. The dissenters featured in this book suggest that there is a better way to do economics, and a better way to be an economist, and each has helped keep economics honest by constantly questioning traditional thinking. This book salutes and celebrates these dissenters who exemplify the very best of the discipline. If economics is again to be a respected field and a highly regarded profession, we must look to these dissenters to point the way forward.This book will be welcomed by professional economists, researchers and postgraduate students, especially those interested in the history of economic thought, and economic methodology and philosophy.Trade Review'This is a fine collection. . . . These are good, thought-provoking essays, much more than the personal biographies one might expect in a book about economists. I learned from these essays and recommend the book without reservation.'Table of ContentsContents: Introduction: Dissent in Twentieth Century Economics (R.P.F. Holt and S. Pressman) 1. The Seditious Dissent of Barbara R. Bergmann (E.A. Paulin) 2. James M. Buchanan and the Rebirth of Political Economy (P.J. Boettke) 3. John R. Commons and the Compatibility of Neoclassical and Institutionalist Economics (J.E. Biddle and W.J. Samuels) 4. The Tenacious Dissent of Milton Friedman (D. Colander) 5. Friedrich A. Hayek: Super-dissenter (L.S. Moss) 6. John A. Hobson: Dissenting Labour Economist (J.E. King) 7. The Policy Dissent of Nicholas Kaldor (S. Pressman) 8. The Positive Dissent of Michal Kalecki (M. Sawyer) 9. Dissent and Continuity: John Maynard Keynes (V. Chick) 10. Frank Knight’s Dissent from Progressive Social Science (R.B.Emmett) 11. Oskar Lange’s Dissent from Market Capitalism and State Socialism (C. Rider) 12. Imagining the Possibilities: The Dissent of Adolph Lowe (M. Forstater) 13. Gardiner Means and the Dissent of Administered Prices (F. Lee) 14. The Theoretical, Methodological and Pedagogical Dissent of Joan Robinson (Z. Emami) 15. Thomas Schelling’s Dissent from the Narrow Scope of Economics (D. Latzko) 16. Piero Sraffa and Mainstream Theory (H.D. Kurz and N. Salvadori) 17. Thorstein Bunde Veblen: The Quintessential Dissenter (C.M.A. Clark) Index

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Book SynopsisUntil recently, 'Subjective Expected Utility Theory' was accepted within the economics profession as the theory of rational decision-making under risk and under certainty. However, its pre-eminence in recent years has been undermined as a consequence of a flood of experimental evidence casting doubt on its descriptive accuracy. This book documents the theoretical reconstruction of the theory of decision-making in the aftermath of this flood. It is divided into three parts and contains the key papers introducing and describing new theories of decision under risk, new theories of decision under uncertainty and new theories of dynamic decision-making.Trade Review'. . . the selection of papers is comprehensive, containing both the expected classics and more obscure articles. . . the editor provides an introduction which is a useful route map through the collection.' -- Hugh Gravelle, The Economic JournalTable of ContentsContents: Volume I: Acknowledgements Introduction Part I: Risk Name Index • Volume II: Acknowledgements Part II: Uncertainty and Dynamics Index

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Book SynopsisIn The Theory of Corporate Finance, Michael J. Brennan has brought together a set of major papers which defines the current status of the theory of corporate finance. This authoritative collection emphasizes recent research, while also including representative classics in the field. The main paradigms in corporate finance are addressed in these volumes, with particular attention to the problems raised by information asymmetries and the responses to them. Major sections deal with issues including shareholder objectives, agency and monitoring, adverse selection and signalling, reputation, and contracting and incentives. The Theory of Corporate Finance also covers the application of the paradigms of corporate finance to particular aspects of corporate financial decisions and relationships. These include initial public offerings of common stock, the role of debt contracts, the relation between financial structure and the real asset and product markets, capital investment decisions, hedging and disclosure policy, insider trading, the effect of taxes on financial policy, takeover contests and the assignment of voting and control rights, and corporate bankruptcy.Michael J. Brennan’s two volume set brings together key articles and papers which represent the current state of the financial theory of the corporation, ensuring that this collection will be an invaluable resource for scholars, students and practitioners of finance and financial economics.Trade Review’The work is an exceptional collection of articles, one that I have already utilized in teaching a Ph.D. seminar in corporate finance. I would recommend the volumes as worthwhile investment to anyone desiring to explore the frontiers of corporate finance research.’ -- Thomas H. Noe, The Journal of FinanceTable of ContentsVolume I Acknowledgements Foreword by Richard Roll Introduction by the editor Part I Shareholder Objectives 1. H. DeAngelo (1981), ‘Competition and Unanimity’ 2. L. Makowski (1983), ‘Competition and Unanimity Revisited’ 3. H. Leland (1977), ‘Information, Managerial Choice and Stockholder Unanimity’ Part II Agency and Monitoring 4. M.C. Jensen and W.H. Meckling (1976), ‘Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure’ 5. S.C. Myers (1977), ‘Determinants of Corporate Borrowing’ 6. R.M. Stulz (1990), ‘Managerial Discretion and Optimal Financing Policies’ 7. A. Shleifer and R.W. Vishny (1986), ‘Large Shareholders and Corporate Control’ 8. B. Holmström and J. Tirole (1993), ‘Market Liquidity and Performance Monitoring’ Part III Adverse Selection and Signalling 9. S.C. Myers and N.S. Majlup (1984), ‘Corporate Financing and Investment Decisions when Firms have Information that Investors do not have’ 10. H.E. Leland and D.H. Pyle (1977), ‘Informational Asymmetries, Financial Structure, and Financial Intermediation’ 11. M.H. Miller and K. Rock (1985), ‘Dividend Policy under Asymmetric Information’ 12. R. Ambarish, K. John and J. Williams (1987), ‘Efficient Signalling with Dividends and Investments’ 13. M.J. Brennan and A. Kraus (1987), ‘Efficient Financing under Asymmetric Information’ Part IV Reputation 14. D.W. Diamond (1989), ‘Reputation Acquisition in Debt Markets’ 15. A.W.A. Boot, S.I. Greenbaum and A.V. Thakor (1993), ‘Reputation and Discretion in Financial Contracting’ Part V Contracting and Incentives 16. P. Aghion and P. Bolton (1992), ‘An Incomplete Contracts Approach to Financial Contracting’ 17. M.P. Narayanan (1985), ‘Managerial Incentives for Short-term Results’ 18. D. Hirshleifer and Y. Suh (1992), ‘Risk, Managerial Effort and Project Choice’ Part VI Initial Public Offerings 19. K. Rock (1986), ‘Why New Issues are Underpriced’ 20. I. Welch (1992), ’Sequential Sales, Learning, and Cascades’ 21. C. Spatt and S. Srivastava (1991), ‘Preplay Communication, Participation Restrictions, and Efficiency in Initial Public Offerings’ Part VII Debt Markets 22. R.G. Rajan (1992),’ Insiders and Outsiders: The Choice between Informed and Arm’s-Length Debt’ 23. D.W. Dimand (1993), ‘Seniority and Maturity of Debt Contracts’ Name Index Volume II Acknowledgements An Introduction by the editor to both volumes appears in Volume I Part I Financial Structure and the Real Asset and Products Markets 1. S. Titman (1984), ‘The Effect of Capital Structure on a Firm’s Liquidation Decision’ 2. V. Maksimovic and J. Zechner (1991), ‘Debt, Agency Costs, and Industry Equilibrium’ 3. A. Shleifer and R.W. Vishny (1992), ‘Liquidation Values and Debt Capacity: A Market Equilibrium Approach’ 4. P. Volton and D.S. Scharfstein (1990), ‘A Theory of Predation Based on Agency Problems in Financial Contracting’ Part II Capital Investment and Valuation 5. M.J. Brennan (1990), ‘Latent Assets’ 6. M.J. Brennan and D.S. Schwartz (1985), ‘ Evaluating Natural Resource Investments’ 7. J.E. Ingersoll, Jr. and S.A. Ross (1992), ‘Waiting to Invest: Investment and Uncertainty’ 8. H.E. Leland (1994), ‘Corporate Debt Value, Bond Covenants, and Optimal Capital Structure’ Part III Hedging, Disclosure Policy and Insider Trading 9. P.M. deMarzo and D. Duffie (1991), ‘Corporate Financial Hedging with Proprietary Information’ 10. K.A. Froot, D.S. Scharfstein and J.C. Stein (1993), ‘Risk Management: Coordinating Corporate Investment and Financing Policies’ 11. M.J. Fishman and K.M. Hagerty (1989), ‘Disclosure Decisions by Firms and the Competition for Price Efficiency’ 12. H.E. Leland (1992), ‘Insider Trading: Should It Be Prohibited?’ Part IV Taxes and Financial Policy 13. M.H. Miller (1977), ‘Debt and Taxes’ 14. F. Modigliani (1982), ‘Debt, Dividend Policy, Taxes, Inflation and Market Valuation’ 15. S.A. Ross (1985), ‘Debt and Taxes and Uncertainty’ Part V Voting and Control 16. S.J. Grossman and O.D. Hart (1988), ‘One Share–One Vote and the Market for Corporate Control’ 17. M. Harris and A. Raviv (1989), ‘The Design of Securities’ Part VI Takeover Contests 18. S.J. Grossman and O.D. Hart (1980), ‘Takeover Bids the Free-Rider Problem, and the Theory of the Corporation’ 19. M.J. Fishman (1989), ‘Preemptive Bidding and the Role of the Medium of Exchange in Acquisitions’ 20. D. Hirshleifer and S. Titman (1990), ‘Share Tendering Strategies and the Success of Hostile Takeover Bids’ Part VII Corporate Bankruptcy 21. R.M. Giammarino (1989), ‘The Resolution of Financial Distress’ 22. R. Gertner and D. Scharfstein (1991), ‘A Theory of Workouts and the Effects of Reorganization Law’ 23. R.M. Mooradian (1994), ‘The Effect of Bankruptcy Protection on Investment: Chapter 11 as a Screening Device’ Name Index

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Book SynopsisThis five-volume collection (with individual volumes available separately) provides a comprehensive overview of the regulation approach to capitalism and its crisis-tendencies. Edited by a major British contributor to the approach, the collection includes not only key theoretical and empirical works from leading French regulationists but also representative work from other regulation schools and scholars. It also includes major critiques of the approach. Topics covered include regulationist approaches to the labour process, accumulation regimes (especially Fordism and post-Fordism), modes of social regulation, forms of state intervention, and the crisis tendencies of capitalism. Contributions cover different periods and different countries as well as different sectors and the changing global economy as a whole. The set includes both pioneer works and recent theoretical innovations and also explores the links between regulationism and other approaches, such as institutionalism, radical geography, critical discourse analysis, and feminism. This collection will be an essential reference work in institutional and evolutionary economics, in radical political economy, and in all social science disciplines concerned with capitalism and its crisis-tendencies.Trade Review‘Regulation Theory and the Crisis of Capitalism provides a comprehensive survey of the relevant literature on the topic. The collection is an essential reference wok in critical political economy. It is a more than useful starting point for those who wish to combine sociological analysis with a sound theoretical notion of contemporary capitalism.’Table of ContentsContents: Volume I: The Parisian Regulation School Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I BACKGROUND AND GENERAL PRESENTATION 1. Alain Lipietz (1987), ‘Rebel Sons: the Regulation School – An Interview with Alain Lipietz conducted by Jane Jenson’ 2. Robert Boyer (1990), ‘Introduction to the English-Language Edition’ 3. Alain Lipietz (1993), ‘From Althusserianism to "Regulation Theory"’ PART II SOME EARLY WORKS 4. Michel Aglietta (1978), ‘Phases of US Capital Expansion’ 5. Mike Davis (1978), ‘"Fordism" in Crisis: A Review of Michael Aglietta’s "Régulation et crises: L’expérience des États-unis"’ 6. Robert Boyer (1979), ‘Wage Formation in Historical Perspective: The French Experience’ 7. Robert Delorme (1984), ‘A New View on the Economic Theory of the State: A Case Study of France’ 8. Alain Lipietz (1982), ‘Towards Global Fordism?’ 9. Alain Lipietz (1988), ‘Accumulation, Crises, and Ways Out: Some Methodological Reflections on the Concept of "Regulation"’ 10. Alain Noël (1987), ‘Accumulation, Regulation, and Social Change: An Essay on French Political Economy’ PART III COMMENTARIES AND CRITIQUES 11. Michel De Vroey (1984), ‘A Regulation Approach Interpretation of Contemporary Crisis’ 12. Richard Barbrook (1990), ‘Mistranslations: Lipietz in London and Paris’ 13. Robert Brenner and Mark Glick (1991), ‘The Regulation Approach: Theory and History’ 14. Robert Albritton (1995), ‘Regulation Theory: A Critique’ 15. Adam Tickell and Jamie A. Peck (1992), ‘Accumulation, Regulation and the Geographies of Post-Fordism: Missing Links in Regulationist Research’ Name Index Volume II: European and American Perspectives on Regulation Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I THE GRENOBLE SCHOOL 1. Gerard Destanne de Bernis (1990), ‘On a Marxist Theory of Regulation’ 2. Gerard Destanne de Bernis (1988), ‘Propositions for an Analysis of the Crisis’ PART II SOCIAL STRUCTURES OF ACCUMULATION 3. David M. Gordon (1980), ‘Stages of Accumulation and Long Economic Cycles’ 4. Michael Reich (1997), ‘Social Structure of Accumulation Theory: Retrospect and Prospect’ PART III THE AMSTERDAM SCHOOL 5. Kees van der Pijl (1989), ‘Ruling Classes, Hegemony, and the State System: Theoretical and Historical Considerations’ 6. Henk Overbeek (1989), ‘British Capitalism at the Crossroads’ PART IV THE GERMAN REGULATION APPROACH 7. Joachim Hirsch (1990), ‘Regulation Theory and Historical-Materialistic Social Theory. Remarks on a Shaky Yet Necessary Relationship’ 8. Josef Esser and Joachim Hirsch (1989), ‘The Crisis of Fordism and the Dimensions of a "Postfordist" Regional and Urban Structure’ 9. Juergen Haeusler and Joachim Hirsch (1989), ‘Political Regulation: The Crisis of Fordism and the Transformation of the Party System in West Germany’ PART V NORDIC MODELS 10. Lars Mjøset (1987), ‘Nordic Economic Policies in the 1970s and 1980s’ 11. Lars Mjøset (1992), ‘The Nordic Model Never Existed, but Does it Have a Future?’ PART VI COMMENTARIES AND CRITIQUES 12. Bob Jessop (1990), ‘Regulation Theories in Retrospect and Prospect’ 13. David M. Kotz (1990), ‘A Comparative Analysis of the Theory of Regulation and the Social Structure of Accumulation Theory’ 14. Werner Bonefeld (1994), ‘Aglietta in England: Bob Jessop’s Contribution to the Regulation Approach’ 15. Colin Hay (1994), ‘Werner in Wunderland, or Notes on a Marxism Beyond Pessimism and False Optimism’ 16. Michael J. Webber and David L. Rigby (1996), ‘Competing Theories of Postwar Growth and Change’ Name Index Volume III: Regulationist Perspectives on Fordism and Post-Fordism Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I INTRODUCTION TO KEY ISSUES AND APPROACHES 1. Mark J. Elam (1990), ‘Puzzling Out the Postfordist Debate: Technology, Markets and Institutions’ 2. Bob Jessop (1992), ‘Fordism and Post-Fordism: A Critical Reformulation’ PART II THE ORIGINS OF THE FORDIST LABOUR PROCESS 3. Carl H.A. Dassbach (1991), ‘The Origins of Fordism: The Introduction of Mass Production and the Five-Dollar Wage’ 4. Bruce Pietrykowski (1995), ‘Fordism at Ford: Spatial Decentralization and Labor Segmentation at the Ford Motor Company, 1920–1950’ 5. Anson G. Rabinbach (1993), ‘Science, Work, and Worktime’ PART III THE CRISIS OF FORDISM 6. Robert Boyer (1987), ‘Labour Flexibilities: Many Forms, Uncertain Effects’ 7. Annemieke J.M. Roobeek (1987), ‘The Crisis in Fordism and the Rise of a New Technological Paradigm’ 8. Robert Boyer (1991), ‘The Eighties: The Search for Alternatives to Fordism’ 9. Andrew Glyn (1990), ‘Productivity and the Crisis of Fordism’ 10. Karel Williams, Tony Cutler, John Williams and Colin Haslam (1987), ‘The End of Mass Production?’ PART IV BEYOND FORDISM TO ...? 11. Horst Kern and Michael Schuman (1989), ‘New Concepts of Production in West German Plants’ 12. Michael Schumann (1998), ‘New Concepts of Production and Productivity’ 13. Heidi Gottfried (1995), ‘Developing Neo-Fordism: A Comparative Perspective’ 14. Stephen Wood (1993), ‘The Japanization of Fordism’ 15. Knuth Dohse, Ulrich Jürgens and Thomas Malsch (1985) ‘From "Fordism" to "Toyotism"? The Social Organization of the Labor Process in the Japanese Automobile Industry’ 16. Danièle Leborgne and Alain Lipietz (1992), ‘Conceptual Fallacies and Open Questions on Post-Fordism’ 17. Gaëtan Tremblay (1995), ‘The Information Society: From Fordism to Gatesism’ 18. Sean Digiovanna (1996), ‘Industrial Districts and Regional Economic Development: A Regulation Approach’ PART V GENERAL REVIEWS 19. Andrew Sayer (1989), ‘Postfordism in Question’ 20. Fiorenza Belussi and Francesco Garibaldo (1996), ‘Variety of Pattern of the Post-Fordist Economy: Why are the "Old Times" Still with Us and the "New Times" Yet to Come?’ 21. Jamie Gough (1992), ‘Where’s the Value in "Post-Fordism"?’ 22. Paul Hirst and Jonathan Zeitlin (1992), ‘Flexible Specialization versus Post-Fordism: Theory, Evidence, and Policy Implications’ Name Index Volume IV: Country Studies Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I NORTH AMERICA 1. Victor D. Lippit (1997), ‘The Reconstruction of a Social Structure of Accumulation in the United States’ 2. Jane Jenson (1990), ‘Representations in Crisis: The Roots of Canada’s Permeable Fordism’ PART II EUROPE 3. Otto Holman (1987–88), ‘Semiperipheral Fordism in Southern Europe: The National and International Context of Socialist-led Governments in Spain, Portugal, and Greece, in Historical Perspective’ 4. Miguel Martinez Lucio and Paul Blyton (1995), ‘Constructing the Post-Fordist State? The Politics of Labour Market Flexibility in Spain’ 5. Bob Jessop (1989), ‘Conservative Regimes and the Transition to Post-Fordism: The Cases of Great Britain and West Germany’ 6. Jamie A. Peck and Adam Tickell (1992), ‘Local Modes of Social Regulation? Regulation Theory, Thatcherism and Uneven Development’ 7. Winfried Ruigrok and Rob van Tulder (1996), ‘The Price of Diversity: Rival Concepts of Control as a Barrier to an EU Industrial Strategy’ PART III SOUTH AFRICA 8. Nicoli Nattrass (1992), ‘Profitability: The Soft Underbelly of South African Regulation/SSA Analysis’ 9. Christian M. Rogerson (1991), ‘Beyond Racial Fordism: Restructuring Industry in the "New" South Africa’ PART IV JAPAN 10. Martin Kenney and Richard Florida (1988), ‘Beyond Mass Production: Production and the Labor Process in Japan’ 11. Benjamin Coriat (1993), ‘Neither Pre- nor Post-Fordism: An Original and New Way of Managing the Labour Process’ 12. Tatsuo Naruse (1991), ‘Taylorism and Fordism in Japan’ 13. J.A. Peck and Y. Miyamachi (1993/1994), ‘What’s Ford Got To Do With It? Regulation Theory and Japanese Capitalism’ PART V OTHER EAST ASIAN SOCIETIES 14. Alice H. Amsden (1990), ‘Third World Industrialization: "Global Fordism" or a New Model?’ 15. Ngai-Ling Sum (1998), ‘Theorizing Export-Oriented Economic Development in East Asian Newly-Industrializing Countries: A Regulationist Perspective’ 16. Seongjin Jeong (1997), ‘The Social Structure of Accumulation in South Korea: Upgrading or Crumbling?’ PART VI SOCIALISM AND POST-SOCIALISM 17. Robert Boyer (1995), ‘The Great Transformation of Eastern Europe: A "Regulationist" Perspective’ 18. Adrian Smith and Adam Swain (1998), ‘Regulating and Institutionalising Capitalisms: The Micro-foundations of Transformation in Eastern and Central Europe’ 19. Ulrich Voskamp and Volker Wittke (1991), ‘Industrial Restructuring in the Former German Democratic Republic (GDR): Barriers to Adaptive Reform Become Downward Development Spirals’ Name Index Volume V: Developments and Extensions Acknowledgements Series Preface Bob Jessop Introduction Bob Jessop PART I RECENT THEORETICAL INNOVATIONS 1. Robert Salais and Michael Storper (1992), ‘The Four "Worlds" of Contemporary Industry’ 2. John Wilkinson (1997), ‘A New Paradigm for Economic Analysis? Recent Convergences in French Social Science and an Exploration of the Convention Theory Approach with a Consideration of its Application to the Analysis of the Agrofood System’ 3. Joe Painter (1997), ‘Regulation, Regime, and Practice in Urban Politics’ PART II SOCIAL MOVEMENTS AND IDENTITY POLITICS 4. Margit Mayer and Roland Roth (1995), ‘New Social Movements and the Transformation to Post-Fordist Society’ 5. George Steinmetz (1994), ‘Regulation Theory, Post-Marxism, and the New Social Movements’ 6. Jane Jenson (1991), ‘Thinking (a Feminist) History: The Regulation Approach as Theatre’ PART III SPACE AND SCALE 7. Frank Moulaert, Erik Swyngedouw and Patricia Wilson (1988), ‘Spatial Responses to Fordist and Post-Fordist Accumulation and Regulation’ 8. Chris Collinge (1999), ‘Self-organisation of Society by Scale: A Spatial Reworking of Social Regulation Theory’ 9. Erik Swyngedouw (1997), ‘Neither Global Nor Local: "Glocalization" and the Politics of Scale’ PART IV CITIES 10. Pierre Filion (1995), ‘Fordism, Post-Fordism and Urban Policy-Making: Urban Renewal in a Medium-Size Canadian City’ 11. Myung-Rae Cho (1997), ‘Flexibilization Through Metropolis: The Case of Postfordist Seoul, Korea’ 12. Neil Brenner (1999), ‘Globalisation as Reterritorialisation: The Re-scaling of Urban Governance in the European Union’ PART V GLOBALISATION 13. David M. Gordon (1988), ‘The Global Economy: New Edifice or Crumbling Foundations?’ 14. Harriet Friedmann (1991), ‘New Wines, New Bottles: The Regulation of Capital on a World Scale’ 15. Bob Jessop (1999), ‘Reflections on Globalisation and its (Il)logic(s)’ PART VI SOME EMERGING ISSUES 16. Alfredo C. Robles, Jr. (1995), ‘Global Governance and Political Economy: German and French Perspectives’ 17. Bob Jessop (1995), ‘The Regulation Approach, Governance and Post-Fordism: Alternative Perspectives on Economic and Political Change?’ 18. Mary Nolan (1990), ‘"Housework Made Easy": The Taylorized Housewife in Weimar Germany’s Rationalized Economy’ 19. Philip Arestis and Eleni Paliginis (1995), ‘Fordism, Post-Fordism and Gender’ 20. Alain Lipietz (1996), ‘Geography, Ecology, Democracy’ PART VII RECENT REVIEWS 21. Bob Jessop (1997), ‘Twenty Years of the (Parisian) Regulation Approach: The Paradox of Success and Failure at Home and Abroad’ 22. Gordon MacLeod (1997), ‘Globalizing Parisian Thought-waves: Recent Advances in the Study of Social Regulation, Discourse, Politics, Discourse and Space’ Name Index

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Book SynopsisThis important three volume set is a collection of key writings on game theory published before 1963. It makes many frequently-cited and historically important articles conveniently available to a wider audience. The collection includes comprehensive coverage of the game theoretical writings of von Neumann, Nash and Wald. The editors have written a succinct introduction to accompany the articles.Trade Review'This collection contains a number of interesting papers which justify reprinting. The editors are to be congratulated on making these available.' -- Bruce Philip, History of Economic Thought'This is a useful collection.'– Ken Binmore, The Economic JournalTable of ContentsIntroduction by the editors Part I The Beginnings 1. J. Waldegrave ([1713] 1968), ‘Minimax Solution to 2-Person, Zero-Sum Game.’ 2. F.Y. Edgeworth ([1881] 1967), ‘Mathematical Psychics: An Essay on the Application of Mathematics to the Moral Sciences.’ 3. J. Bertrand ([1883] 1992), ‘Appendix: Review by Joseph Bertrand of Two Books.’ 4. F.Y. Edgeworth ([1897] 1925), ‘The Pure Theory of Monopoly.’ 5. A.L. Bowley (1928), ‘Bilateral Monopoly.’ 6. F. Zeuthen (1933), ‘Theoretical Remarks on Price Policy: Hotelling’s Case with Variations.’ 7. A. Smithies and L.J. Savage (1940), ‘A Dynamic Problem in Duopoly.’ Part II Mathematical Models of Conflict: Richardson and Lanchester 8. L.F. Richardson (1919), ‘Mathematical Psychology of War.’ 9. F.W. Lanchester ([1916] 1956), ‘Mathematics in Warfare.’ Part III Psychological Games Between the Wars 10. H. Steinhaus ([1925] 1960), ‘Definitions for a Theory of Games and Pursuit.’ 11. M. Fréchet (1953), ‘Émile Borel, Initiator of the Theory of Psychological Games and its Application.’ 12. É. Borel ([1921] 1953), The Theory of Play and Integral Equations with Skew Symmetric Kernels.’ 13. É. Borel ([1924] 1953), ‘On Games that Involve Chance and the Skill of the Players.’ 14. É. Borel ([1927] 1953), ‘On Systems of Linear Forms of Skew Symmetric Determinant and the General Theory of Play.’ 15. M. Fréchet (1953), ‘Commentary on the Three Notes of Émile Borel.’ 16. J. von Neumann (1953), ‘Communication on the Borel Notes.’ 17. J. von Neumann (1928), ‘Sur la théorie des jeux.’ 18. J. von Neumann ([1928] 1959), ‘On the Theory of Games of Strategy’ 19. (1937), ‘Princeton Scientist Analyzes Gambling: “You Can’t Win”.’ 20. L. Kalmár (1928-29), ‘Toward a Theory of Abstract Games.’ 21. R.A. Fisher (1934), ‘Randomisation, and an Old Enigma of Card Play.’ 22. O. Morgenstern ([1935] 1976), ‘Perfect Foresight and Economic Equilibrium.’ 23. R. de Possel (1936), ‘Sur la théorie mathématique des jeux de hasard et de réflexion.’ 24. J. Ville (1938), ‘Sur la théorie générale des jeux ou intervient l’habileté des joueurs.’ Part IV The Impact of von Neumann and Morgenstern (1944) 25. H.A. Simon (1945), ‘Review of Theory of Games and Economic Behavior.’ 26. O. Morgenstern (1976), ‘The Collaboration Between Oskar Morgenstern and John von Neumann on the Theory of Games.’ 27. G.T. Guilbaud (1951), ‘The Theory of Games: Critical Contributions to the Theory of Value.’ 28. O. Morgenstern (1948), ‘Oligopoly, Monopolistic Competition, and the Theory of Games.’ 29. O. Morgenstern (1949), ‘Economics and the Theory of Games.’ 30. L. Hurwicz (1953), ‘What Has Happened to the Theory of Games.’ Part V von Neumann’s Later Work on Games 31. G.W. Brown and J. von Neumann (1950), ‘Solutions of Games by Differential Equations.’ 32. J. von Neumann (1953), ‘A Certain Zero-Sum Two-Person Game Equivalent to the Optimal Assignment Problem.’ 33. D.B. Gillies, J.P. Mayberry and J. von Neumann (1953), ‘Two Variants of Poker.’ 34. J. von Neumann (1954), ‘A Numerical Method to Determine Optimum Strategy.’ 35. H.W. Kuhn and A.W. Tucker (1958), ‘John von Neumann’s Work in the Theory of Games and Mathematical Economics.’ Part VI Mathematical Reformulation and extension of Minimax Theorem 36. A. Wald (1945), ‘Statistical Decision Functions which Minimize the Maximum Risk.’ 37. A. Wald (1945), ‘Generalization of a Theorem by v. Neumann concerning Zero Sum Two Person Games’ 38. I. Kaplansky (1945), ‘A Contribution to von Neumann’s Theory of Games.’ 39. L.H. Loomis (1946), ‘On a Theorem of von Neumann.’ 40. L.L. Dines (1947), ‘ On a Theorem of von Neumann.’ 41. H. Weyl (1950), ‘Elementary Proof of a Minimax Theorem due to von Neumann.’ 42. A. Wald (1950), ‘Note on Zero Sum Two Person Games.’ 43. A. Dvoretzky, A. Wald and J. Wolfowitz (1950), ‘Elimination of Randomization in Certain Problems of Statistics and of the Theory of Games.’ 44. A. Dvoretzky, A. Wald and J. Wolfowitz (1951), ‘Elimination of Randomization in Certain Statistical Decision Procedures and Zero-Sum Two-Person Games.’ 45. A. Wald and J. Wolfowitz (1951), ‘Two Methods of Randomization in Statistics and the Theory of Games.’ 46. J. Robinson (1951), ‘An Iterative Method of Solving a Game.’ 47. I.L. Glicksberg (1952), ‘A Further Generalization of the Kakutani Fixed Point Theorem, with Application to Nash Equilibrium Points.’ 48. K. Fan (1952), ‘Fixed-Point and Minimax Theorems in Locally Convex Topological Linear Spaces.’ 49. K. Fan (1953), ‘Minimax Theorems.’ 50. H. Nikaidô (1954), ‘ On von Neumann’s Minimax Theorem.’ Name Index Volume Two Part I Nash, Bargaining and Equilibrium 1. J.F. Nash, Jr. (1950), ‘The Bargaining Problem.’ 2. J.F. Nash, Jr., (1950), ‘Equilibrium Points in n-Person Games.’ 3. J.F. Nash and L.S. Shapley (1950), ‘A Simple Three-Person Poker Game.’ 4. J. Nash (1951), ‘Non-Cooperative Games.’ 5. J. Nash (1953), ‘Two-Person Cooperative Games.’ 6. J.P. Mayberry, J.F. Nash and M. Shubik (1953), ‘A Comparison of Treatments of a Duopoly Situation.’ 7. M. Shubik (1955), ‘A Comparison of Treatments of a Duopoly Problem (Part II).’ 8. G.K. Kalisch, J. W. Milnor, J.F. Nash and E.D. Nering (1954), ‘Some Experimental n-Person Games.’ Part II Game Theory in the 1950s: Formulation and Solution of Games 9. R. Bellman and D. Blackwell (1949), ‘Some Two-Person Games Involving Bluffing.’ 10. R. Bellman (1952), ‘On Games Involving Bluffing.’ 11. H.W. Kuhn (1950), ‘Extensive Games.’ 12. D. Gale, H.W. Kuhn and A.W. Tucker (1951), ‘Linear Programming and the Theory of Games.’ 13. G.V. Dantzig (1951), ‘A Proof of the Equivalence of the Programming Problem and the Game Problem.’ 14. J.C.C. McKinsey (1952), ‘Some Notions and Problems of Game Theory.’ 15. M. Shubik (1952), ‘Information, Theories of Competition, and the Theory of Games.’ 16. M. Shubik (1954), ‘Information, Risk, Ignorance and Indeterminacy.’ 17. L.S. Shapley (1953), ‘Stochastic Games.’ 18. H. Raiffa (1953), ‘Arbitration Schemes for Generalized Two-Person Games.’ 19. R. Isaacs (1955), ‘Rand Reports: ‘Differential Games I: Introduction’ ‘Differential Games II: The Definition and Formulation’ ‘Differential Games III: The Basic Principles of the Solution Process’.’ 20. J. Milnor (1954), ‘Games Against Nature’ 21. D. Ellsberg (1956), ‘The Theory of the Reluctant Duelist.’ 22. L. Friedman (1956), ‘A Competitive-Bidding Strategy.’ 23. T.C. Schelling (1956), ‘An Essay on Bargaining.’ 24. T.C. Schelling (1959), ‘For the Abandonment of Symmetry in Game Theory.’ 25. M. Sion and P. Wolfe (1957), ‘ On a Game Without a Value.’ 26. A.Y.C. Koo (1959), ‘Recurrent Objections to the Minimax Strategy.’ 27. D. Ellsberg (1959), ‘Rejoinder’ Part III Game Theory in the 1950s: Cooperative Games 28. L.S. Shapley (1951), ‘Rand Report: ‘The Noisy Duel: Existence of a Value in the Singular Case’.’ 29. L.S. Shapley (1951), ‘Rand Report: ‘Notes on the n-Person Game, II: The Value of an N-Person Game’.’ 30. L.S. Shapley (1952), ‘Rand Report: ‘Notes on the n-Person Game, III: Some Variants of the von Neumann-Morgenstern Definition of Solution’.’ 31. L.S. Shapley (1955), ‘Rand Report: ‘Markets as Cooperative Games’.’ 32. R.D. Luce (1954), ‘A Definition of Stability for n-Person Games.’ 33. J.C. Harsanyi (1956), ‘Approaches to the Bargaining Problem Before and After the Theory of Games: A Critical Discussion of Zeuthen’s, Hicks’, and Nash’s Theories.’ 34. J.C. Harsanyi (1959), ‘A Bargaining Model for the Cooperative n-Person Game.’ 35. R.J. Aumann (1959), ‘Acceptable Points in General Cooperative n-Person Games.’ 36. R.J. Aumann (1960), ‘Linearity of Unrestrictedly Transferable Utilities.’ 37. R.J. Aumann and B. Peleg (1960), ‘Von Neumann-Morgenstern Solutions to Co-operative Games Without Side Payments.’ 38. D.B. Gillies (1959), ‘Solutions to General Non-Zero-Sum Games.’ Name Index Volume Three Part I Game Theory in the 1950s: Games of Indefinite or Infinite Length 1. D. Gale and F.M. Stewart (1953), ‘Infinite Games with Perfect Information.’ 2. H. Everett (1957). ‘Recursive Games.’ 3. J. Milnor and L.S. Shapley (1957), ‘On Games of Survival.’ 4. H.E. Scarf (1957), ‘On Differential Games with Survival Payoff.’ Part II Game Theory in the 1950s: War and Peace 5. D.W. Blackett (1954), ‘Some Blotto Games.’ 6. O.G. Haywood, Jr. (1954), ‘Military Decision and Game Theory.’ 7. T.E. Caywood and C.J. Thomas (1955), ‘Applications of Game Theory in Fighter Versus Bomber Combat.’ 8. T.C. Schelling (1957), ‘Bargaining, Communication, and Limited War.’ 9. H.K. Weiss (1959), ‘Some Differential Games of Tactical Interest and the Value of a Supporting Weapon System.’ Part III Beginnings of Experimental Games 10. E.H. Chamberlin (1948), ‘An Experimental Imperfect Market.’ 11. W.E. Vinacke and A. Arkoff (1957), ‘An Experimental Study of Coalitions in the Triad.’ 12. M.M. Flood (1958), ‘Some Experimental Games.’ 13. J.J. Stone (1958), ‘An Experiment in Bargaining Games.’ 14. A. Scodel, J.S. Minas, P. Ratoosh and M. Lipetz (1959), ‘Some Descriptive Aspects of Two-Person Non-Zero-Sum Games.’ 15. J.S. Minas, A. Scodel, D. Marlowe and H. Rawson (1960), ‘Some Descriptive Aspects of Two-Person Non-Zero-Sum Games II.’ 16. A. Rapoporte and C. Orwant (1962), ‘Experimental Games: A Review.’ Part IV Some Economic and Business Applications Beyond Market Structure 17. H. Steinhaus (1948), ‘The Problem of Fair Division.’ 18. M. Shubik (1952), ‘A Business Cycle Model with Organized Labor Considered.’ 19. K. Midutani (1955), ‘The Maximum Expansion of Bank Credit and the Theory of Games.’ 20. G.K. Chacko (1956), ‘Certain Game Situations in Regional Economic Development.’ 21. G.J. Glasser (1958), ‘Personnel Decisions and the Theory of Games.’ 22. L. Friedman (1958), ‘Game-Theory Models in the Allocation of Advertising Expenditures.’ 23. I. Hale (1960), ‘The Theory of “Games” in Stock Selection ....how it might be applied to Security Analysis.’ Part V Applications Beyond Economics 24. J. Bernard (1954), ‘The Theory of Games of Strategy as a Modern Sociology of Conflict.’ 25. R.B. Braithwaite ([1954] 1963), ‘Theory of Games as a Tool for the Moral Philosopher.’ 26. L.S. Shapley and M. Shubik (1954), ‘A Method for Evaluating the Distribution of Power in a Committee System.’ 27. K.W. Deutsch (1954), ‘Game Theory and Politics: Some Problems of Application.’ 28. R.C. Snyder (1955), ‘Game Theory and the Analysis of Political Behavior.’ 29. R.D. Luce and A.A. Rogow (1956), ‘A Game Theoretic Analysis of Congressional Power Distributions for a Stable Two-Party System.’ 30. H.A. Simon, (1956), ‘A Comparison of Game Theory and Learning Theory.’ 31. S. Siegel (1959), ‘Theoretical Models of Choice and Strategy Behavior: Stable State Behavior in the Two-Choice Uncertain Outcome Situation.’ 32. F. Barth (1959), ‘Segmentary Opposition and the Theory of Games: A Study of Pathan Organization.’ 33. R.C. Lewontin (1961), ‘Evolution and the Theory of Games.’ Part VI Bibliography 34. D.M. Thompson and G.L. Thompson (1959), ‘A Bibliography of Game Theory.’ Name Index

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Book SynopsisThis major three-volume collection - offered in the centenary year of Hayek’s birth - celebrates a lifetime of scholarship and original contributions that cross the disciplines of politics, philosophy and economics.Hayek rose to fame as a young technical economist engaged in debate with Keynes and became infamous in middle age for his harsh critique of socialist planning. For much of the 1950s and 1960s Hayek was ignored as a relic of 19th century economic liberalism as the tide of intellectual and political fashion moved against both his warnings about Keynesian demand management and his critique of socialist planning. Late in life, Hayek was celebrated as a prescient scholar who foresaw the decline in both the Keynesian and socialist systems of economic control. Hayek made major analytical contributions which have yet to be appreciated by either friend or foe. Through this selection of classic articles The Legacy of Friedrich von Hayek attempts to place Hayek’s contributions to political economy in a proper perspective.Trade Review’. . . to have [all the papers in these volumes] available for selected study or reference in a single set of volumes is an editorial achievement for which all with an interest in Hayek will be grateful.’ -- Allen Oakley, Journal of the History of Economic ThoughtTable of ContentsContents: Volume I: Politics Acknowledgements • Introduction 1. John Gray (1982), ‘F.A. Hayek and the Rebirth of Classical Liberalism’ 2. Viktor Vanberg (1994), ‘Hayek's Legacy and the Future of Liberal Thought: Rational Liberalism versus Evolutionary Agnosticism’ 3. Ronald Hamowy (1987), excerpt from The Scottish Enlightenment and the Theory of Spontaneous Order 4. Viktor Vanberg (1986), ‘Spontaneous Market Order and Social Rules: A Critical Examination of F.A. Hayek’s Theory of Cultural Evolution’ 5. Douglas Glen Whitman (1998), ‘Hayek contra Pangloss on Evolutionary Systems’ 6. Steve Fleetwood (1996), ‘Order Without Equilibrium: A Critical Realist Interpretation of Hayek's Notion of Spontaneous Order’ 7. Richard Bellamy (1994), ‘’Dethroning Politics’: Liberalism, Constitutionalism and Democracy in the Thought of F.A. Hayek’ 8. Richard Vernon (1976), ‘The “Great Society” and the “Open Society”: Liberalism in Hayek and Popper’ 9. Theodore Rosenof (1974), ‘Freedom, Planning, and Totalitarianism: The Reception of F. A. Hayek's Road to Serfdom’ 10. Morris M. Wilhelm (1972), ‘The Political Thought of Friedrich A. Hayek’ 11. Ronald Hamowy (1971), ‘Freedom and the Rule of Law in F.A. Hayek’ 12. Lord Robbins (1961), ‘Hayek on Liberty’ 13. Jacob Viner (1961), ‘Hayek on Freedom and Coercion’ 14. E.F.M. Durbin (1945), ‘Professor Hayek on Economic Planning and Political Liberty’ 15. Murray Forsyth (1988), ‘Hayek's Bizarre Liberalism: A Critique’ 16. Linda C. Raeder (1997), ‘The Liberalism/Conservatism of Edmund Burke and F.A. Hayek: A Critical Comparision’ 17. Alain de Benoist (1998), ‘Hayek: A Critique’ 18. Mario J. Rizzo (1985), ‘Rules Versus Cost-Benefit Analysis in the Common Law’ 19. A.I. Ogus (1989), ‘Law and Spontaneous Order: Hayek’s Contribution to Legal Theory’ 20. Bruce L. Benson (1989), ‘The Spontaneous Evolution of Commercial Law’ 21. Anna Elisabetta Galeotti (1987), ‘Individualism, Social Rules, Tradition: The Case of Friedrich A. Hayek’ 22. Eugene Heath (1989), ‘How to Understand Liberalism as Gardening: Galeotti on Hayek’ 23. Gerard Radnitzky (1987), ‘An Economic Theory of the Rise of Civilization and Its Policy Implications: Hayek’s Account Generalized’ 24. Linda C. Raeder (1998), ‘Liberalism and the Common Good: A Hayekian Perspective on Communitarianism’ 25. Karen I. Vaughn (1984), ‘The Constitution of Liberty from an Evolutionary Perspective’ 26. Peter J. Boettke (1995), ‘Hayek’s The Road to Serfdom Revisited: Government Failure in the Argument Against Socialism’ 27. Barry R. Weingast (1995), ‘The Economic Role of Political Institutions: Market-Preserving Federalism and Economic Development’ Name Index Volume II: Philosophy 1. Donald W. Livingston (1991), ‘Hayek as Humean’ 2. Robin Cowan and Mario J. Rizzo (1996), ‘The Genetic-Causal Tradition and Modern Economic Theory’ 3. G.B. Madison (1989), ‘Hayek and the Interpretive Turn’ 4. Theodore A. Burczak (1994), ‘The Postmodern Moments of F.A. Hayek’s Economics’ 5. Bruce Caldwell (1994), ‘Hayek’s Scientific Subjectivism’ 6. Theodore A. Burczak (1994), ‘Reply to Bruce Caldwell: Can Subjectivism be Non-Hermeneutic?’ 7. David L. Prychitko (1989/90), ‘Methodological Individualism and the Austrian School: A Note on its Critics’ 8. G.B. Madison (1990), ‘How Individualistic is Methodological Individualism?’ 9. Joseph Agassi (1975), ‘Institutional Individualism’ 10. Steven Lukes (1968), ‘Methodological Individualism Reconsidered’ 11. Joseph Agassi (1960), ‘Methodological Individualism’ 12. Walter B. Weimer (1982), ‘Hayek's Approach to the Problems of Complex Phenomena: An Introduction to the Theoretical Psychology of The Sensory Order’ 13. Rosemary Agonito (1975), ‘Hayek Revisited: Mind as the Process of Classification’ 14. Gary T. Dempsey (1996), ‘Hayek’s Terra Incognita of the Mind’ 15. Edna Ullmann-Margalit (1978), ‘Invisible-Hand Explanations’ 16. A.M. Macleod (1983), ‘Justice and the Market’ 17. A.W. Cragg (1983), ‘Hayek, Justice and the Market’ 18. Eric Mack (1983), ‘Hayek on Justice and the Market: A Reply to MacLeod’ 19. A.M. Macleod (1983), ‘Hayek on Justice and the Market: A Rejoinder to Cragg and Mack’ 20. Eugene Heath (1992), ‘Rules, Function, and The Invisible Hand: An Interpretation of Hayek's Social Theory’ 21. Edna Ullmann-Margalit (1997), ‘The Invisible Hand and the Cunning of Reason’ 22. Lee Cronk (1988), ‘Spontaneous Order Analysis and Anthropology’ 23. Nigel Pleasants (1997), ‘The Epistemological Argument Against Socialism: A Wittgensteinian Critique of Hayek and Giddens’ 24. Daniel B. Klein (1992), ‘Go Ahead and Let Him Try: A Plea for Egonomic Laissez-faire’ 25. Marina Bianchi (1993), ‘How to Learn Sociality: True and False Solutions to Mandeville’s Problem’ Name Index Volume III: Economics 1. Fritz Machlup (1974), ‘Friedrich von Hayek's Contribution to Economics’ 2. M. Polanyi (1941), ‘The Growth of Thought in Society’ 3. Sanford J. Grossman and Joseph E. Stiglitz (1980), ‘On the Impossibility of Informationally Efficient Markets’ 4. Richard R. Nelson (1981), ‘Assessing Private Enterprise: An Exegesis of Tangled Doctrine’ 5. Manfred E. Streit (1984), ‘Information Processing in Futures Markets - An Essay on Adequate Abstraction’ 6. Stephan Böhm (1989), ‘Hayek on Knowledge, Equilibrium, and Prices: Context and Impact’ 7. Carlo Zappia (1996), ‘The Notion of Private Information in a Modern Perspective: A Reappraisal of Hayek's Contribution’ 8. Bruce J. Caldwell (1988), ‘Hayek’s Transformation’ 9. Sanford Ikeda (1990), ‘Market-Process Theory and “Dynamic” Theories of the Market’ 10. Israel M. Kirzner (1967), ‘Methodological Individualism, Market Equilibrium, and Market Process’ 11. Israel M. Kirzner (1997), ‘Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach’ 12. Mario J. Rizzo (1990), ‘Hayek’s Four Tendencies Toward Equilibrium’ 13. William N. Butos (1985), ‘Hayek and General Equilibrium Analysis’ 14. Gottfried Haberler (1986), ‘Reflections on Hayek’s Business Cycle Theory’ 15. Roger W. Garrison (1985), ‘Intertemporal Coordination and the Invisible Hand: An Austrian Perspective on the Keynesian Vision’ 16. Don Bellante and Roger W. Garrison (1988), ‘Phillips Curves and Hayekian Triangles: Two Perspectives on Monetary Dynamics’ 17. Roger Garrison (1984), ‘Time and Money: The Universals of Macroeconomic Theorizing’ 18. Steven Horwitz (1996), ‘Capital Theory, Inflation, and Deflation: The Austrians and Monetary Disequilibrium Theory Compared’ 19. George A. Selgin and Lawrence H. White (1994), ‘How Would the Invisible Hand Handle Money?’ 20. Bruce Caldwell (1997), ‘Hayek and Socialism’ Name Index

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Book SynopsisThe book analyzes the evolution of the concept of comparative advantage from the eighteenth century to the present day. It examines the origins of the concept of comparative advantage, its current status within economic thought and its validity in today's global economy.This comprehensive book outlines the theories of trade and the interpretations of comparative advantage associated with, among others, the Mercantilists, Smith, Ricardo, Torrens, Longfield, Mill, Marshall, Pareto, Haberler, Heckscher, Ohlin and Samuelson, as well as present day trade theorists. A chapter is devoted to Hamilton, Rae and List, who interpreted comparative advantage dynamically by advocating its creation.The book breaks new ground by reinterpreting the theories of trade associated with prominent economists such as Ricardo, and drawing attention to valuable but lesser known contributions. It considers the new trade theory from the past two decades as a legitimate successor to the dynamic views of comparative advantage of the classical economists. This book will be required reading for students and academics with an interest in the history of economic thought and the economics (or theory) of international trade.Trade Review'Maneschi's clearly and attractively written book traces the evolution of comparative advantage based theorizing in relation to international trade. . . . a fine book, combining many fascinating details with a clear overall argument. There are ample notes, a bibliography, and an index; the volume is well-produced. It will prove to be rewarding for many readers.'Table of ContentsContents: 1. Introduction 2. The Concept of Comparative Advantage 3. Theories of International Trade up to Adam Smith 4. David Ricardo, Robert Torrens and the Discovery of Comparative Advantage 5. Creators of Comparative Advantage: Alexander Hamilton, John Rae and Friedrich List 6. John Stuart Mill: Comparative Advantage and the Terms of Trade 7. Neoclassical Trade Theory: Alfred Marshall, Vilfredo Pareto and Enrico Barone 8. Neoclassical Trade Theory: Gottfried Haberler, Eli Heckscher and Bertil Ohlin 9. The Heckscher–Ohlin Theory Encounters the New Trade Theory 10. The (Almost) General Validity of Comparative Advantage Index

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Book SynopsisThis landmark book presents a critical study of the Austrian subjectivism of Menger and Mises and assesses their contribution in the light of contemporary philosophy of the human sciences.Allen Oakley lays emphasis on the subjectivism of Menger and Mises as the foundation of Austrian economics. By situating their work in the context of the philosophies of the human sciences evolving around them, he shows how these founders of the modern Austrian tradition failed to fully appreciate and to adopt the more penetrating subjectivism of their contemporaries. He argues that, as a result, they left their successors an incomplete and ambiguous metatheoretical legacy.For historians of economic thought and for economic philosophers and methodologists the book provides a critical study of a fundamental theme of Austrian economics that is still the subject of controversy today.Table of ContentsContents: Preface 1. Introduction 2. Germanic Foundations 3. Carl Menger’s Seminal Subjectivist Legacy 4. Wilhelm Dilthey and Subjectivism: The Human Sciences 5. Metatheory of the Sciences of Culture and of Man 6. Human Agents and Rationality in Max Weber’s Metatheory for the Human Sciences 7. Mises and the Subjectivism of Economic Action 8. A Retrospective Summary Index

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Book SynopsisThe Lectures to Women given by Alfred Marshall at Cambridge in 1873, which focus on the effects of working conditions on man's character and prospects, are unique in their content and purpose. They offer insight into a radical period in Marshall's life of which relatively little is known.This new critical edition makes the Lectures, which have sometimes been referred to by Marshallian scholars, available to a wider body of historians of economic thought. Based on Mary Paley Marshall's original notes, corrected by Marshall himself, the Lectures are supplemented by Marshall's lecture outlines. Some contemporary and related texts are also published here including a paper on the future of the working classes from the same year and Marshall's exchange of articles with the trade unionist John Holmes in 1874 known as the Bee-Hive debate. A contextualised commentary on the lectures is provided by Rita McWilliams Tullberg, Ernesto Biagini and Tiziano Raffaelli who adopt three lines of enquiry respectively: the lectures as part of the movement for higher education for women in the Victorian era, the lectures as indicative of Marshall's stand vis-a-vis the political-ideological framework of the time and the lectures as an indicator of Marshall's methodological tendencies concerning the study of social phenomena.Trade Review'The book should [therefore] be in every good university library and on the book shelf of all devoted Marshall scholars.' -- Peter Groenewegen, History of Economics Review'All the chapters are well argued by experts in the field, and the book is a valuable addition to the Marshallian literature.'– J.M. Alec Gee, Journal of the History of Economic ThoughtTable of ContentsContents: Foreword (G. Becattini) 1. The Anglican Ethic and the Spirit of Citizenhsip: The Political and Social Context (E. Biagini) 2. Of Mircoscopes and Telescopes (T. Raffaelli) 3. The Women’s Education Movement at Cambridge (R. McWilliams Tullberg) 4. Lectures to Women 5. Lecture Outlines 6. The Future of the Working Classes 7. The Bee-Hive Debate Index

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