Political economy Books
Cambridge University Press A Theory of Fairness and Social Welfare Econometric Society Monographs
Book SynopsisThe definition and measurement of social welfare have been a vexed issue for the past century. This book makes a constructive, easily applicable proposal and suggests how to evaluate the economic situation of a society in a way that gives priority to the worse-off and that respects each individual's preferences over his or her own consumption, work, leisure and so on. This approach resonates with the current concern to go 'beyond the GDP' in the measurement of social progress. Compared to technical studies in welfare economics, this book emphasizes constructive results rather than paradoxes and impossibilities, and shows how one can start from basic principles of efficiency and fairness and end up with concrete evaluations of policies. Compared to more philosophical treatments of social justice, this book is more precise about the definition of social welfare and reaches conclusions about concrete policies and institutions only after a rigorous derivation from clearly stated principlesTrade Review'Fleurbaey and Maniquet are among the outstanding scholars in the development of formal theories of social choice and justice today. Their many original contributions and synthesis, in the present volume, are masterly and go well beyond what can be said in the usual philosophical language. The concepts of fair and efficient resource allocations have been enriched by their work.' Kenneth J. Arrow, Stanford University and Nobel Laureate in Economics'In this monograph Marc Fleurbaey and François Maniquet, two major representatives of a modern Franco-Belgian school of social choice, systematically set out a new approach to social choice based on concepts such as fairness and resource equality. It should interest not just economists and social choice theorists, but also philosophers who agree with the argument that social justice is a matter of allocating resources rather than subjective satisfaction or happiness.' Peter J. Hammond, University of Warwick'Theoretical attempts to aggregate individual preferences into a measure of social welfare have been plagued by negative results, including Arrow's famous theorem. Yet, in this important book, Fleurbaey and Maniquet show that an attractive theory of aggregation is possible if one relaxes Arrow's independence axiom in a natural way. The approach is rigorous yet conceptually simple enough to be usable in practice.' Eric S. Maskin, Institute for Advanced Study, Princeton and Nobel Laureate in Economics'Fleurbaey and Maniquet's axiomatic synthesis of social welfare a la Arrow, and justice as equality of resources, is deeply original and entirely rigorous. Preserving the normative preeminence of efficiency and giving precedence to equal opportunity over informational parsimony, they construct a dazzling array of concrete allocation mechanisms, from income taxation to the fair division of indivisible commodities, and the provision of public goods. This brilliant book turns welfare economics into a powerful deconstruction of the social justice dilemmas.' Hervé Moulin, Rice University'Marc Fleurbaey and François Maniquet's book constitutes an outstanding contribution, suitable (and highly recommended) for the broad audience of mainstream economists and policy makers alike, and a 'must read' for those with a taste for normative economics. One can only wish that books like this one get published more often.' Journal of Economic InequalityTable of ContentsPreface; Introduction; Part I. Basics: 1. A contribution to welfare economics; 2. Efficiency versus equality; 3. Priority to the worst-off; 4. The informational basis of social orderings; Part II. Distribution: 5. Fair distribution of divisible goods: two approaches; 6. Specific domains; 7. Extensions; Part III. Production: 8. Public good; 9. Private good; 10. Unequal skills; 11. Income taxation; Conclusions; Proofs.
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Cambridge University Press Taxation and StateBuilding in Developing Countries
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Cambridge University Press The Cost of Living in America
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Cambridge University Press Welfare and Capitalism in Postwar Japan Party Bureaucracy and Business Cambridge Studies in Comparative Politics
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Cambridge University Press China and India in the Age of Globalization
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Cambridge University Press Poverty Amid Plenty in the New India
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Cambridge University Press Contemporary Capitalism and its Crises Social Structure of Accumulation Theory for the 21st Century
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Cambridge University Press The Political Economy of Public Sector Governance
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Cambridge University Press The Political Economy of the United Nations Security Council
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Cambridge University Press Global Crises Global Solutions
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Cambridge University Press The Currency of Socialism
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Cambridge University Press The Invisible Hand of Peace
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Cambridge University Press Bioethics in Perspective Corporate Power Public Health and Political Economy
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Cambridge University Press Partisan Bonds
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Cambridge University Press The Invisible Hand of Peace
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Cambridge University Press Political Branding in Cities
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Cambridge University Press The Political Economy of Agricultural Price Distortions
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Cambridge University Press Partisan Bonds Political Reputations and Legislative Accountability Political Economy of Institutions and Decisions
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Cambridge University Press Voting for Policy Not Parties How Voters Compensate for Power Sharing Cambridge Studies in Comparative Politics
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Cambridge University Press Security Beyond the State
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Cambridge University Press SelfOrganizing Federalism
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Cambridge University Press americasglobaladvantage
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Cambridge University Press The Legal Dimensions of Oil and Gas in Iraq
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Cambridge University Press Invisible Hands Russian Experience and Social Science
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Cambridge University Press Between Politics and Markets Firms Competition and Institutional Change in PostMao China 18 Structural Analysis in the Social Sciences Series Number 18
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Cambridge University Press The Politics of Pension Reform
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Cambridge University Press Economics and the Theory of Games
Book SynopsisThis textbook is geared towards intermediate and advanced students of economics and other social sciences who seek a rigorous, self-contained approach to the field of game theory. Its first part covers the main topics in so-called 'classical' game theory. Its second part addresses the more novel areas of the discipline.Table of ContentsPart I. Theoretical Framework: 1. Introduction and examples; 2. The representation of a game in extensive form; 3. The representation of a game in strategic form; 4. The mixed extension of a game; 5. Mixed and behavioral strategies; 6. Representation in coalition form; Summary; Exercises; Part II. Strategic-Form Analysis: Theory: 7. Dominance and iterative dominance; 8. Nash equilibrium; 9. Zero-sum bilateral games; 10. Nash equilibrium: formal existence results; 11. Strong and coalition-proof equilibrium; 12. Correlated equilibrium; 13. Rationalizability; Summary; Exercises; Part III. Strategic-Form Analysis: Applications: 14. Oligopoly (I): static models; 15. Mechanism design (I): efficient allocation of public goods; 16. Mechanism design (II): Nash implementation; 17. Markets (I): macroeconomic coordination failures; Summary; Exercises; Part IV. Refinements of Nash Equilibrium: Theory: 18. Introduction; 19. Refinements excluding 'incredible threats': examples; 20. Subgame-perfect equilibrium; 21. Weak-perfect Bayesian equilibrium; 22. Refinements excluding 'untenable beliefs': examples; 23. Sequential equilibrium; 24. Perfect and proper equilibria; 25. Strategic-form refinements; Summary; Exercises; Part V. Refinements of Nash Equilibrium: Applications: 26. Oligopoly (II): sequential moves; 27. Markets (II): decentralized price formation; 28. Oligopoly (III): differentiated products; 29. Mechanism design (III): efficient allocation of an indivisible object; Summary, Exercises; Part VI. Incomplete Information: Theory: 30. Introduction and examples; 31. Bayesian games; 32. Bayes-Nash equilibrium; 33. Signalling games; 34. Mixed strategies revisited: a purification approach; 35. Forward induction; Summary; Exercises; Part VII. Incomplete Information: Applications: 36. Markets (III): signalling in the labor market; 37. Markets (IV): insurance markets and adverse selection; 38. Mechanism design (IV): one-sided auctions; 39. Mechanism design (V): buyer-seller trade; Summary; Exercises; Part VIII. Repeated Interaction: Theory: 40. Introduction and examples; 41. Repeated games: basic theoretical framework; 42. Folk theorems: Nash equilibrium; 43. Reputation and 'irrationality': informal discussion; 44. Folk theorems: subgame=perfect equilibrium; 45. Reputation and 'irrationality': formal analysis; Summary; Exercises; Part IX. Repeated Interaction: Applications: 46. Oligopoly (IV): intertemporal collusion in a Cournot scenario; 47. Oligopoly (V): intertemporal collusion in a Bertrand scenario; 48. Markets (V): efficiency, wages and unemployment; Summary; Exercises; Part X. Evolutionary Foundations of Equilibrium: 49. Introduction; 50. Static analysis; 51. Basic dynamic analysis; 52. Evolution in social environments; 53. The evolution of cooperation: an example; Summary; Exercises; Part XI. Learning to Play: 54. Introduction; 55. Reinforcement learning; 56. Static perceptions and Nash equilibrium; 57. Memory, expectations and foresight; Summary; Exercises; Part XII. Social Learning and Equilibrium Selection: 58. Introduction; 59. Evolutionary games: theoretical framework; 60. Evolutionary games: alternative scenarios; 61. Stochastic stability and equilibrium selection; 62. Experimental evidence; 63. Perturbed Markov processes: basic concepts and techniques; 64. Reinforcement learning with flexible aspirations; Summary; Exercises.
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Cambridge University Press Social Movements and Economic Transition
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Cambridge University Press Presidents Parliaments and Policy Political Economy of Institutions and Decisions
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Cambridge University Press Economics and the Theory of Games
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Cambridge University Press Political Econ American Industrial
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Cambridge University Press The Politics of Pension Reform
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Cambridge University Press Statebuilding in Europe
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Cambridge University Press Public Attitudes toward Immigration in the United States France and Germany
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Cambridge University Press Trade Policy in Developing Countries
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Cambridge University Press Forging Democracy from Below
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Cambridge University Press Monetary Policy in the Euro Area Strategy and DecisionMaking at the European Central Bank
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Cambridge University Press Labor Unions Partisan Coalitions and Market Reforms in Latin America
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Cambridge University Press Public Attitudes toward Immigration in the United States France and Germany
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Cambridge University Press Unions Employers and Central Banks
Book SynopsisThis book focuses on some of the most important political-economic changes in advanced industrialized countries over the past two decades, namely, unemployment and the growth of inequality. Focusing on Northern Europe, the book explores the intersection of partisan politics, the international economy, and nationally specific institutions.Trade Review"The result of years of empirical and theoretical work and debate, this book represents a major step ahead in the comparative study of modern capitalism, and especially of the impact of political institutions and institutional change on economic processes and outcomes." Wolfgang Streeck, Max Planck Institute for the Study of Societies"Studies of industrial relations increasingly need to take full account of the role of monetary institutions. The papers presented in this volume provide an authoritative basis for carrying out such analyses. Subsequent scholars will be extremely grateful to these authors." Colin Crouch, European University Institute, Florence"This outstanding volume on the political economy of the social market economies of Northern Europe joins the literature on corporatism and coordinated wage bargaining with work on central banks, monetary policy and fiscal policy to produce a deeper understanding of how the problems of unemployment and growth are rooted in the institutional arrangements of these political economies. Since these countries form the economic pivot of the new Europe, this volume is essential reading for scholars interested in the dynamics of wage bargaining, unemployment, and growth in the emerging European Monetary Union." John D. Stephens, University of North Carolina, Chapel HillTable of Contents1. Comparative political economy: Northern European perspective Torben Iversen and Jonas Pontusson; 2. Macroeconomic analysis and the political economy of unemployment David Soskice; Part I. Wage Bargaining: 3. The Swedish employer offensive against centralized bargaining Peter Swenson and Jonas Pontusson; 4. Post-war wage setting in the Nordic countries Michael Wallerstein and Miriam Golden; 5. Why German employers cannot bring themselves to dismantle the German model Kathleen Thelen; Part II. Macroeconomic Regimes: 6. Institutional dimensions of coordinating wage bargaining and monetary policy Robert Franzese and Peter Hall; 7. Decentralization, monetarism and the social democratic welfare state Torben Iversen; 8. The politics of macroeconomic policy and wage negotiations in Sweden Andrew Martin; Part III. Macroeconomic and Distributive Outcomes: 9. Public sector unions, corporatism and wage determination Geoffrey Garrett and Christopher Way; 10. Labor-market institutions and wage distribution Jonas Pontusson.
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Cambridge University Press Monetary Policy In the Euro Area Strategy and DecisionMaking at the European Central Bank
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Cambridge University Press Political Parties Games and Redistribution
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Cambridge University Press A Virtuous Circle
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Cambridge University Press Democracy and Development
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Cambridge University Press Politics after Neoliberalism
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Cambridge University Press Timber Booms and Institutional Breakdown in Southeast Asia
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Cambridge University Press Economic Concepts for the Social Sciences
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Cambridge University Press International Organizations and the Analysis of Economic Policy 19191950
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