Political economy Books

Book SynopsisWhat is the best way to organize an economy to satisfy demands for efficiency, compassion and freedom? These political, economic, social and philosophical concerns underpin what has been the most important issue of the twentieth-century, that of the relationship between market and plan. Markets and Socialism consists of extracts drawn from the most important contributors to the debate started by Karl Marx. In six thematic sections the reader can follow the vicissitudes of the non-market, market and mixed market models. The range of countries and historical sweep covered in this volume are impressive: from the 'socialist calculation' debate to the experiences of Russia, East-Central Europe, Sweden, America and China. A combination of theoretical analyses and practical case studies makes this volume essential reading for teachers, students and anyone interested in a clear and concise introduction to the central dilemma of our times.Trade Review'. . . this book will be a valuable compendium for student of the subject.' -- Ajit Singh, Economic JournalTable of ContentsPART I ECONOMICS WITHOUT MARKETS: FROM MARX TO CONTEMPORARY MARXISTS 1. Karl Marx (1954), Capital: A Critique of Political Economy 2. Karl Marx (1954), ‘Historical Tendency of Capitalist Accumulation’ 3. Karl Marx (1975), ‘Comments on James Mill’s, Élémens d’économie politique’, Karl Marx and Engels: 1843-44’ 4. Frederick Engels (1987), ‘Anti-Dühring: Production’ 5. N. Bukharin and E.Preobrazhensky (1970), ‘The ABC of Communism’ 6. Hillel Ticktin (1992), ‘Origins of the Crisis in the USSR: Essays on the Political Economy of a Disintegrating System’ PART II ECONOMICS WITHOUT MARKETS: CRITIQUES 7. Boris Brutzkus (1934), ‘The Unitary Plan of the Socialist Economy’ 8. L.N. Yurovsky (1934), ‘Problems of a Moneyless Economy’ 9. Oskar Lange and Fred M. Taylor (1938), ‘On the Economic Theory of Socialism’ 10. Friedrich A. Hayek (1949), ‘Socialist Calculation III: The Competitive “Solution”” PART III FROM CENTRAL PLANNING TO THE MIXED ECONOMY 11. Leon Trotsky (1973), ‘The Soviet Economy in Danger’ 12. R.W.Davies (1984), ‘The Socialist Market: A Debate in Soviet Industry, 1932-33’ 13. Gabriel Temkin (1989), ‘On Economic Reforms in Socialist Countries: The Debate on Economic Calculation Under Socialism Revisited’ 14. Wlodzimierz Brus (1973), ‘Commodity Fetishism and Socialism’ 15. Radoslav Selucky (1974), ‘Marxism and Self-Management’ 16. János Kornai (1986), ‘ Efficiency and the Principles of Socialist Ethics’ 17. Zhou Shulian (1982), ‘The Market Mechanism in a Planned Economy’ 18. Branko Horvat (1990), ‘Socialism as a Socio-Economic System’ PART IV MARKETS AND SOCIALISM IN THE WEST 19. Lawrence Wilde, ‘The Demise of the Swedish Model’ 20. Leland G. Stauber (1987), ‘Capitalism and Socialism: Some General Issues and the Relevance of the Austrian Experience’ 21. Raymond Plant (1989), ‘Socialism, Markets, and End States’ 22. Alex Nove (1972), ‘“Market Socialism” and its Critics’ PART V FROM EXISTING SOCIALISM TO THE MARKET 23. János Kornai (1990), ‘The Road to a Free Economy: Shifting from a Socialist System: The Example of Hungary’ 24. V.A. Naishul (1991), ‘The Supreme and Last Stage of Socialism’ 25. Wlodzimierz Brus and Kazimierz Laski (1989), ‘The Capital Market and the Problem of Full Employment’ 26. Alec Nove (1991), ‘Feasible Socialism?” 27. Martin L. Weitzman and Chenggang Xu (1992), ‘Vaguely Defined Cooperatives and Cooperative Culture: A Reconciliation of a Paradoxical Phenomenon in Transitional Economies’

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Book SynopsisWhy has industrial output fallen in Eastern Europe and is further decline inevitable? What lessons can be learned from the stablilization programmes of the first two years of the post-communist era? Should the transitional economies privatize quickly and where do they find the missing institutions essential to the proper working of capitalism? In seeking answers to these and other questions, The Political Economy of the Transition Process in Eastern Europe analyses the difficulties faced by nations attempting to move from a planned to a market economy with special emphasis on issues of macroeconomic stabilization and institutional change. Highlighting the problems confronting countries as diverse as Hungary and Kazakhstan or Bulgaria and Estonia, the contributors to this volume address issues such as how to improve the performance of both commodity and factor markets, how farming should be de-collectivized, what will soften the impact on former member republics of the dissolution of the USSR, and whether infant or senile industries should be protected during the transition process? This volume includes special studies on Bulgaria, Croatia, Estonia, Hungary and Kazakhstan, as well as an analysis of what is happening with state-owned enterprises while they are waiting for privatization and how the acquisition of such companies by foreign investors impacts on competition.By stressing the importance of pre-existing conditions and rejecting any notion of a universally valid policy prescription, the authors recognize the urgent need to identify those losses in output which are avoidable, and those which are not. Providing an analytical framework for future research, as well as a wealth of valuable data, The Political Economy of the Transition Process in Eastern Europe will be welcomed by students, researchers and policymakers concerned with the creation of a new agenda for the transitional economies.Trade Review'This well-produced book is a worthy contribution to the burgeoning literature on the transition. The editor provides a useful introduction.' -- Ian Jeffries, The Economic Journal'. . . provides a useful and readable introduction to many of the most important issues in the "transition process".'– Hugo Radice, Economics of TransitionTable of ContentsWhy did output fall in Eastern Europe?, John Williamson; lessons from the stabilization programmes of central and Eastern European countries, 1989-1991, Domenico Mario Nuti; output grains from economic liberalization - a simple formula, Thorvaldur Gylfason; after the shock - some lessons from transitional policies, Laszlo Csaba; transition issues as seen through the experience of Hungary - there is no cookbook to go by, Gyorgy Szapary; stabilization policy in post-Communist Bulgaria, Michael L. Wyzan; some issues on macro-economic stabilization policy in the economies in transition, Dragomir Vojnic; private mechanisms for creation of efficient institutions for market economies, Paul H. Rubin; employment issues in a period of systemic mutation, Dominique Redor; the political economy of privatization, Alastair McAuley; property rights, competition policy and privitization in the transition from Socialism to Market, Laszlo Somogyi and Adam Torok; escaping from the State - escaping to the State, Eva Voszka; problems of decollectivization with special attention to East Germany, Federic L. Pryor; the new East, preferred trade regimes, and designing the transition, Jozef M. von Brabant; problems of Socialist transformation - Kazakhstan 1991, Axel Leijonhufvud; a Coasean journey through Estonia - a study in property rights and transaction costs, Ingemar Staehl; ethnic nationalism and post-Communist transition problems, Christopher Lingle; sustainable transition, Hans Aage.

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Book SynopsisThe election of the Clinton administration in the United States and the debate in the European Community about the consequences of the industrial policy clause in the Maastricht treaty have put industrial policy back on the academic and political agenda again. This volume brings together the key articles on industrial policy, ranging from general theoretical perspectives and overviews of the literature to studies of the experience of particular countries, including Japan and the newly industrialising countries of East Asia. Four articles are concerned with the industrial programmes of the European Community. This is a comprehensive and authoritative compilation of work on a theme of interest to economists and political scientists.Table of ContentsContents: Acknowledgements Introduction Part I: Overviews and Theoretical Perspectives 1. S. Wilks (1986), ‘Government-Industry Relations: A Review Article’ 2. M. Wright (1988), ‘Policy Community, Policy Network and Comparative Industrial Policies’ 3. M.M. Atkinson and W.D. Coleman (1989), ‘Strong States and Weak States; Sectoral Policy Networks in Advanced Capitalist Economies’ 4. J.A. Hart (1992), ‘The Effects of State-Societal Arrangements on International Competitiveness; Steel, Motor Vehicles and Semiconductors in the United States, Japan and Western Europe’ Part II Industrial Policies in European Countries 5. Nick Crafts (1991), ‘Reversing Relative Economic Decline? The 1980s in Historical Perspective’ 6. C. Deubner (1984), ‘Change and Internationalization in Industry: Toward a Sectoral Interpretation of West German Politics’ 7. S. Wilks (1984), ‘The Practice of the Theory of Industrial Adaptation in Britain and West Germany’ 8. K. Morgan and D. Webber (1986), ‘Divergent Paths: Political Strategies for Telecommunications in Britain, France and West Germany’ Part III The United States 9. W.E. Hudson (1985), ‘The Feasibility of a Comprehensive U.S. Industrial Policy’ 10. R.D. Norton (1986), ‘Industrial Policy and American Renewal’ 11. P. Eisinger (1990), ‘Do the American States Do Industrial Policy?’ 12. R.B. Reich (1990), ‘Who Is Us?’ Part IV Japan And The East Asian NICs 13. E. S. Krauss (1992), ‘Political Economy: Policymaking and Industrial Policy in Japan’ 14. R. Boyd (1989), ‘The Political Mechanics of Consensus in the Industrial Policy Process: The Shipbuilding Industry in the Face of Crisis, 1973–1978’ 15. R. Sarathy (1989), ‘The Interplay of Industrial Policy and International Strategy: Japan’s Machine Tool Industry’ 16. H. Kitschelt (1991), ‘Industrial Governance Structures, Innovation Strategies, and the Case of Japan: Sectoral or Cross-National Comparative Analysis?’ 17. Y.-H. Chu (1989), ‘State Structure and Economic Adjustment of the East Asian Newly Industrializing Countries’ 18. R. Wade (1992), ‘Review Article: East Asia’s Economic Success: Conflicting Perspective, Partial Insights, Shaky Evidence’ Part V The European Community 19. P.A. Geroski (1989), ‘European Industrial Policy and Industrial Policy in Europe’ 20. M. Sharpe (1987), ‘Europe: Collaboration in the High Technology Sectors’ 21. J. Peterson (1991), ‘Technology Policy in Europe: Explaining the Framework Programme and Eureka in Theory and Practice’ 22. W. Sandholtz (1992), ‘ESPRIT and the Politics of International Collective Action’ Name Index

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Book SynopsisThis important volume of original essays by a distinguished group of scholars from the evolutionary, institutional and socio-economic schools makes a major contribution to the reconstruction of political economy as an evolutionary science. The book explores the consequences of adopting a broader approach to economics taking into account issues such as historical time and change, individual-institutional interaction, uncertainty and procedural rationality. This carefully edited selection of papers focuses on four themes: theoretical foundations, policy making, empirical enquiry and modelling. A political economy of diversity is advocated by the contributors with analytical specificity and originality applied to a series of topics including industrial and market restructuring, technological change, ecological sustainability, development, monetary aggregates and governmental policy making. By recognising the importance of accepting diversity and complexity when applying economic analysis, this unique and provocative volume makes a seminal contribution at the frontiers of economic theory and identifies a common theme in non-orthodox scholarship.Trade Review'Overall, this volume effectively illustrates the continuing creativity of heterodox evolutionary economists. The authors are not afraid to take risks in pushing hard for fresh ideas and new ways of tackling policy problems. . . . These essays are well-grounded in modern social science, bristle with originality, address crucial methodological and theoretical issues, and do not shy from modern technical models.'Table of ContentsContents: Part I: Foundations Part II: Policy Making Part III: Enquiry Part IV: Modelling Index

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Book SynopsisEconomic Integration between Unequal Partners deals with the emergence of the major trading blocs, including the North American Free Trade Agreement (NAFTA) and the European Union. The rise of these blocs has profound implications for the socio-economic and geo-political systems as we know them.The author's question whether the irreversible trend towards mega trading blocs will lead to a reduction of economic disparities and convergence between unequal partners, or whether the process is a 'zero sum game' where one player's gains must come at the expense of another. The first two sections deal with the experience in North America and the EU respectively. The following sections concentrate on the political economy of integration, the monetary and financial aspects of the process, and the unique experience of German unification after 1990.Featuring essays by leading experts in the field, this volume will be welcomed by scholars and students concerned with economic integration, international economics and international relations, as well as by practitioners in international institutions, finance ministries and central banks.Trade Review'This book is an important step in broadening and deepening the discussion of the implications of economic integration among nations. There are oceans of literature on economic integration, but most of that has been journalistic hyperbole. By comparison, there are only small ponds of informed and economically sophisticated analysis and too little of that has found its way into political and public awareness.'Table of ContentsContents: Foreward by Richard S. Eckaus Introduction Part I: The Process of Economic Integration in North America Part II: Integration and Unequal Development in the European Community Part III: The Political Economy of Economic Integration Part IV: Monetary and Financial Aspects of the Integration Process Part V: Lessons from the Unification of Germany Index

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Book SynopsisThis timely volume features essays from an international group of economists which address issues relating to the objective of securing full employment. The contributors adopt a politicP>As well as offering a detailed empirical investigation of the unemployment experience in advanced countries, the book makes a critical evaluation of New Right economic policy making in the UK and the US, and examines the main international and domestic obstacles to the achievement of full employment, the prospects for job creation in the UK, and the impact of technological change.Trade Review’This is a collection of good papers addressing one of the compelling issues of our time.’Table of ContentsContents: Introduction: Obstacles to, and Strategies for, the Achievement of Full Employment 1. Obstacles to Full Employment in Capitalist Economies 2. Technological Unemployment 3. Assessing the Costs of Inflation and Unemployment 4. Thatcherism and Unemployment in the UK 5. Unemployment, Job Creation and Job Destruction in the UK Since 1979 6. Restructuring, Flexibility and the New Right in the US: the Political Economy of Plutocracy 7. High Wages, Enlightened Management and Economic Productivity 8. Wage-employment Determination in a Post-Keynesian World 9. Unemployment Experience and the Institutional Preconditions for Full Employment 10. Lessons from the Experience of the Swedish Model 11. Corporatism in Australia 12. Economic Development in the Industrialized Countries and the Prospects for Full Employment 13. European Monetary Integration and Unemployment in the Periphery Index

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Book SynopsisThe rapid development of a series of technologically advanced, industrial economies in the post-war period has challenged conventional understandings of economic growth. The emergence of these economies has reinvigorated the long-standing debate about why some countries grow quickly, and reach high levels of productivity, while others fall behind. Until the emergence of the new growth theory, few neoclassical economists focused upon this important issue despite the existence of a rich tradition among economic historians and economists from more heterodox traditions. The Dynamics of Technology, Trade and Growth draws upon contributions of scholars from different theoretical backgrounds to discuss why economies succeed, or fail, in creating the infrastructure, finance and technology to develop rapidly and 'catch-up' with others. After an overview by the editors of theoretical and practical developments in the economics of convergence and divergence, the book features chapters which discuss the origins of the post-war catch-up and convergence boom, convergence in trade and sectoral growth, capital accumulation, investment and resource allocation, specialization, technological change, and the potential contribution of information and communication technologies. The distinguished contributors bring together in one volume a breadth of scholarship on economic growth, convergence and divergence, ensuring that this book will be widely read by economists interested in growth, technical change and economic development.Trade Review'. . . engaging and stimulating group of essays. . . . this book is open and refreshing in the several ways it deals with our (still) substantial coefficient of ignorance. The theoretical contributions to this volume are equally compelling.' -- J.S. Metcalfe, Research Policy'This is an important and timely book arising from a conference in Norway on the relationship between technology, trade and economic growth edited by economists who themselves have made significant contributions to the literature and who provide a useful 20 page introduction to the volume with an extensive bibliography.' -- A.P. Thirlwall, The Economic Journal'Editors of this book, in their overview on The Economics of Convergence and Divergence have presented an excellent reiview by tracing back the major points of emphasis in different theoretical traditions. The book will definitely be useful for researchers in this area.' -- Pradosh Nath, Journal of Scientific and Industrial Research

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Book SynopsisThis volume contains a selection of articles on and by Nicholas Kaldor which concentrate on his theoretical and applied economics of growth. Part 1 features an autobiographical article by Kaldor, three biographical sketches, and a hitherto unpublished conversation with A.P. Thirlwall on Kaldor's life and work. Part 2 includes his early contributions to steady-state growth theory, including two of his best-known models, a number of critical appraisals, and Kaldor's replies. Part 3 deals with his long flirtation with Verdoorn's Law, while the articles in Part 4 cover the last stage of Kaldor's thinking on growth and concentrate on world economy models of increasing returns and export-constrained growth.Trade Review'This is a well-edited book in which the interested reader can find almost all the important papers on the Kaldorian approach to economic growth. Thus the book merits a place in the library of all those who are seriously interested in theoretical and empirical aspects of the subject.' -- S.A. Drakpoulos, Economic JournalTable of ContentsPART I NICHOLAS KALDOR 1. Nicholas Kaldor (1986), ‘Recollections of an Economist’ 2. Luigi L. Pasinetti (1983), ‘Nicholas Kaldor: A Few Personal Notes’ 3. G.C. Harcourt (1988), ‘Nicholas Kaldor, 12 May 1908 - 30 September 1986’ 4. Mark Blaug (1990), ‘Nicholas Kaldor, 1908 - 86’ 5. A.P. Thirlwall (1992), ‘Talking About Kaldor’ PART II THE CAMBRIDGE GROWTH THEORIST 6. Nicholas Kaldor (1954), ‘The Relation of Economic Growth and Cyclical Fluctuations’ 7. Nicholas Kaldor (1957), ‘A Model of Economic Growth’ 8. Nicholas Kaldor and James A. Mirrlees (1962), ‘A New Model of Economic Growth’ 9. Kurt W. Rothschild (1959), ‘The Limitations of Economic Growth Models: Critical Remarks on Some Aspects of Mr. Kaldor’s Model’ 10. Ronald Findlay (1960), ‘Economic Growth and the Distributive Shares’ 11. Nicholas Kaldor (1960), ‘A Rejoinder to Mr. Findlay’ 12. José Encarnación, Jr. (1962), ‘Overdeterminateness in Kaldor’s Growth Model’ 13. N. Kaldor (1962), ‘Overdeterminateness in Kaldor’s Growth Model: A Comment’ 14. G.C. Harcourt (1963), ‘A Critique of Mr. Kaldor’s Model of Income Distribution and Economic Growth’ 15. K. Kubota (1968), ‘A Re-Examination of the Existence and Stability Propositions in Kaldor’s Growth Models’ 16. B.T. McCallum (1969), ‘The Instability of Kaldorian Models’ 17. D. Mario Nuti (1969), ‘The Degree of Monopoly in the Kaldor-Mirrlees Growth Model’ 18. Joan Robinson (1969), ‘A Further Note’ 19. Nicholas Kaldor (1970), ‘Some Fallacies the Interpretation of Kaldor’ 20. K. Kubota (1970), ‘A Comment on Kaldor’s Note’ 21. D.G. Champernowne (1971), ‘The Stability of Kaldor’s 1957 Model’ 22. F.H. Hahn (1989), ‘Kaldor on Growth’ PART III THE ROMANCE WITH VERDOORN 23. Nicholas Kaldor (1966), ‘Causes of the Slow Rate of Economic Growth of the United Kingdom’ 24. J.N.Wolfe (1968), ‘Productivity and Growth in Manufacturing Industry: Some Reflections on Professor Kaldor’s Inaugural Lecture’ 25. Nicholas Kaldor (1968), ‘Productivity and Growth in Manufacturing Industry: A Reply’ 26. Jorge M. Katz (1968), ‘“Verdoorn Effects”, Returns to Scale, and the Elasticity of Factor Substitution’ 27. R.E. Rowthorn (1975), ‘What Remains of Kaldor’s Law?’ 28. Nicholas Kaldor (1975), ‘Economic Growth and the Verdoorn Law: A Comment on Mr. Rowthorn’s Article’ 29. R.E. Rowthorn (1975), ‘A Reply to Lord Kaldor’s Comment’ 30. John Cornwall (1976), ‘Diffusion, Convergence and Kaldor’s Laws’ 31. A. Parikh (1978), ‘Differences in Growth Rates and Kaldor’s Laws’ 32. R.E. Rowthorn (1979), ‘A Note on Verdoorn’s Law’ 33. P.J.Verdoorn (1980), ‘Verdoorn’s Law in Retrospect: A Comment’ 34. A.P. Thirlwall (1980), ‘Rowthorn’s Interpretation of Verdoorn’s Law’ 35. P. Stoneman (1979), ‘Kaldor’s Law and British Economic Growth: 1800-1970’ 36. J.S.L. McCombie (1980), ‘On the Quantitative Importance of Kaldor’s Laws’ 37. M. Chatterji and M. Wickens (1981), ‘Verdoorn’s Law - The Externalities Hypothesis and Economic Growth in the U.K.’’ 38. N. Kaldor (1981), ‘Discussion’ [of Chatterji and Wickens] 39. J.S.L.McCombie (1981), ‘What Still Remains of Kaldor’s Laws?’ 40. A.P. Thirlwall (1983), ‘Introduction’ [to ‘Symposium on Kaldor’s Growth Laws]’ 41. A.P. Thirlwall (1983), ‘A Plain Man’s Guide to Kaldor’s Growth Laws’ PART IV INCREASING RETURNS, DECREASING RETURNS AND CUMULATIVE CAUSATION 42. Nicholas Kaldor (1970), ‘The Case for Regional Policies’ 43. R. Dixon and A.P. Thirlwall (1975), ‘A Model of Regional Growth-Rate Differences on Kaldorian Lines’ 44. Nicholas Kaldor (1979), ‘Equilibrium Theory and Growth Theory’ 45. Nicholas Kaldor (1986), ‘Limits on Growth’ 46. Ferdinando Targetti (1985), ‘Growth and the Terms of Trade: A Kaldorian Two Sector Model’ 47. A.P. Thirlwall (1986), ‘A General Model of Growth and Development on Kaldorian Lines’ 48. David Canning (1988), ‘Increasing Returns in Industry and the Role of Agriculture in Growth’ 49. H. Molana and D. Vines (1989), ‘North-South Growth and the Terms of Trade: A Model on Kaldorian Lines’ 50. Amitava Krishna Dutt (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Comment on Thirlwall’ 51. A. P. Thirlwall (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Rejoinder to Dutt’

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Book SynopsisTechnical change and its relationship to economic growth are now at the forefront of research in economics. This important book - which contains contributions from leading economists - provides an invaluable state-of-the-art survey and analysis of the most recent work in this area. The book sheds new light on such major themes and issues as: the sources of technological knowledge and growth and time patterns in the growth and innovation process. It also addresses the role of national institutions and social infrastructure in growth, convergence and divergence in the world economy from both the modelling and the empirical perspectives, and the microfoundations of technology diffusion and learning by doing.The Economics of Growth and Technical Change will be essential reading for all economists with an interest in the economics of innovation and economic growth.Table of ContentsContents: Introduction Part I: The Technology –Growth Interaction Part II: International Disparities in Growth and Technological Performance Part III: Microeconomic Foundations of Growth an Technological Diffusion Index

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Book SynopsisTrade, Development and Political Economy demonstrates the power of trade theory to illuminate issues, not only within its conventional boundaries, but also outside of them, in the fields of development, history and political economy.Featuring Ronald Findlay's key papers written over the past two decades, this volume addresses problems that are a mixture of the conceptual and the methodological - such as the theory of comparative advantage and the dynamics of interaction between the advanced and developing regions of the world economy - and the topical and historical - such as the impact of oil shocks on employment and the role of trade and slavery in the emergence of the Industrial Revolution. The majority of these papers develop a model derived from the rich tradition of classical and neoclassical trade theory, and apply that model to a relevant analytical or historical question. The themes in these essays range over the intersection of international trade, economic development and political economy ensuring that this volume will be of interest to all those concerned with the implications of trade theory for economics, development and related fields.Trade Review'Investment of time and effort in reading these essays. . . yields rich dividends.' -- V.N. Balasubramanyam, The Economic Journal'This is an immensely stimulating and very scholarly collection. . . . These papers are enjoyable and mind-expanding to read.' -- W.M. Corden, Journal of International Economics'Findlay' s hope to "demstrate the power of trade theory to illuminate issues not only within conventional boundaries but especially outside them" is clearly satisfied. Expanding on Findlay's (and his coauthors') work has already proven to be fertile ground for many economists and I am sure this will continue to be the case.' -- Oscar Flores, International Trade JournalTable of ContentsPart 1 Capital, time and comparative advantage. Part 2 Tariffs and trade policy. Part 3 Oil shocks, employment and trade. Part 4 Wage differentials and economic development. Part 5 Primary exports and industrialization. Part 6 North-South models. Part 7 Slavery, trade and history. Part 8 Political economy - trade, justice and the state.

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Book SynopsisThe Historical Evolution of the International Political Economy focusses on the role of intersocietal and interstate relations in the evolution of human societies from hunter-gatherer bands to the contemporary global system. The essays and research articles included are by ethnographers, archaeologists, political scientists, economists, historians, geographers and sociologists. The emphasis is on long run, large scale structural change and the historical evolution of human institutions.Table of Contents42 articles, dating from 1942 to 1992 Contents: Volume I: Acknowledgements Introduction Part I: Classics Part II: Long Term Continuities and Changes in Internaitonal Political Economies Part III: States and Capitalism Name Index • Volume II: Acknowledgements Part I: Hierarchy and Dependence Part II: The Rise and Fall of Great Powers Part III: Global Integration Index

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Book SynopsisJohn Bristow's wide-ranging review, based on primary sources, traces economic developments since the fall of Zhivkov in late 1989. The progress of the macroeconomy, sectoral developments, international relations, reform of the banking and fiscal systems, and privatization are all extensively examined by Professor Bristow. While focusing on policy and the failure of the Bulgarian political system to provide sufficient momentum for effective economic reform, this important book acknowledges the successes and recognizes the problems of framing policy in times of severe economic dysfunction.Accessible and up-to-date, The Bulgarian Economy in Transition will be welcomed by scholars, researchers and policy makers concerned with the problems of transition from planned to market economies.Trade Review'The author provides a good and detailed report on the challenges, weaknesses and dilemmas of the Bulgarian transition, focusing on the period through late 1994. This book is recommended to scholars of economics, politics and government, and regional studies. . .'Table of ContentsContents: Preface 1. The Communist Era 2. Liberalization and Stabilization Policy: the Early Stages 3. Recent Macroeconomic Developments 4. Aspects of Industry and Agriculture 5. International Economic Relations 6. Reform of Financial Institutions 7. Fiscal Reform 8. Privatization 9. Some Reflections Bibliography Index

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Book SynopsisThis two volume set reprints 28 papers on fiscal and monetary policy interpreted broadly enough to include such issues as the effects of government debt and intergenerational accounting. It emphasizes problems that are not specific to a particular country but are relevant for all developed market economies. Fiscal and Monetary Policy is divided into three parts; the first deals with the problems that are common to both fiscal and monetary policies; the second deals with fiscal policy and the third with monetary policy.Fiscal and Monetary Policy includes important articles on the effects of lags on the feasibility of stabilization policy, time inconsistency, the motivation of monetary and fiscal authorities, the Lucas critique, Ricardian equivalence, the choice of monetary targets, feedback rules, international aspects of monetary policy and the appropriate role of government in the monetary system.Table of ContentsCONTENTS ACKNOWLEDGEMENTS INTRODUCTION VOLUME 1 1. Milton Friedman (1953), ‘The Effects of a Full-Employment Policy on Economic Stability: A Formal Analysis’ 2. Arthur M. Okun (1972), ‘Fiscal-Monetary Activism: Some Analytical Issues’ 3. Robert E. Lucas, Jr. (1976), ‘Econometric Policy Evaluation: A Critique’ 4. Stanley Fischer (1980), ‘Dynamic Inconsistency, Cooperation and the Benevolent Dissembling Government’ 5. Robert J. Barro and David B. Gordon (1983), ‘A Positive Theory of Monetary Policy in a Natural Rate Model’ 6. David Alan Aschauer (1985), ‘Fiscal Policy and Aggregate Demand’ 7. John J. Seater (1993), ‘Ricardian Equivalence’ 8. Olivier J. Blanchard (1985), ‘Debt, Deficits, and Finite Horizons’ 9. James M. Poterba and Lawrence H. Summers (1987), ‘Finite Lifetimes and the Effects of Budget Deficits on national Saving’ 10. Franco Modigliani (1961), ‘Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt’ 11. Alan S. Blinder and Robert M. Solow (1973), ‘Does Fiscal Policy Matter?’ 12. Thomas J. Sargent and Neil Wallace (1981), ‘Some Unpleasant Monetarist Arithmetic’ 13. Michael R. Darby (1984), ‘Some Pleasant Monetarist Arithmetic’ 14. Kevin D. Hoover and Steven M. Sheffrin (1992), ‘Causation, Spending, and Taxes: Sand in the Sandbox or Tax Collector for the Welfare State?’ 15. B. T. McCallum and J. K. Whitaker (1979), ‘The Effectiveness of Fiscal Feedback Rules and Automatic Stabilizers under Rational Expectations’ 16. Alan J. Auerbach, Jagadeesh Gokhale, and Lawrence J. Kotlikoff (1993), ‘Generational Accounts and Lifetime Tax Rates, 1900-1991’ VOLUME 2 1. Milton Friedman (1968), ‘The Role of Monetary Policy’ 2. Karl Brunner (1983), ‘The Pragmatic and Intellectual Tradition of Monetary Policy making and the International Monetary Order’ 3. Lawrence K. Roos (1986), ‘Inherent Conflicts of U. S. Monetary Policymaking’ 4. Robert L. Hillel (1990), ‘The Political Economy of Monetary Policy’ 5. Alex Cukierman and Allan H. Meltzer (1986), ‘A Theory of Ambiguity, Credibility, and Inflation under Discretion and Asymmetric Information’ 6. William Poole (1970), ‘Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model’ 7. Benjamin M. Friedman (1977), ‘The Inefficiency of Short-Run Monetary Targets for Monetary Policy’ 8. Thomas Mayer (1990), ‘GNP targeting - what are the issues?’ 9. James Tobin (1983), ‘Monetary Policy: Rules, Targets, and Shocks’ 10. Jacob A. Frenkel, Morris Goldstein and Paul R. Masson (1989), ‘International Dimensions of Monetary Policy: Coordination versus Autonomy’ 11. Milton Friedman and Anna J. Schwartz (1986), ‘Has Government any Role in Money?’ 12. Charles Goodhart (1989), ‘The Conduct of Monetary Policy’

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Book SynopsisEconomic Theory and Capitalist Society is a collection of Shigeto Tsuru's most important essays written over the period of the past 60 years in the fields of general economic theory, development and environmental economics, and Marxian political economy. Professor Tsuru has been a leading critic of the major tenets of modern economic theory and has been credited in particular for his comparative studies of aggregate concepts, such as those of Quesnay, Keynes and Marx. Essentially an institutionalist, the author reviews the methodological significance of Marx's contribution, taking up in detail the latter's unique concept of the 'fetishism of commodities' and discussing the relevance of Marxian methodology to the analysis of present-day capitalism. The author's critique of the fundamental equation of growth accounting developed by Robert Solow, 'Effects of Technology on Productivity', is one of a number of theoretical papers included in this volume. It also features a series of important essays on environmental economics which the author, as a founder of the Japanese environmental movement, has written over the past half century.This collection of key articles by one of the most distinguished Japanese economists will be welcomed by students and practitioners in the fields of institutional and radical economics, environmental economics and the history of economic thought. The volume also includes an autobiographical essay which explains the development of Professor Tsuru's thought, his education at Harvard in the 1930s and his experience of post-war Japan. The Economic Development of Modern Japan, the second volume of Shigeto Tsuru's selected essays, is also published by Edward Elgar.Trade Review'Shigeto Tsuru has been the bridge between mainstream economics and Japanese Marxist thought. Ten years at Harvard and a key player in the post war MacArthur Administration, he was Schumpeter's personal assistant and a recognized expert on Keynes and Marx. Tsuru's collected papers are a testament no one interested in Japanese intellectuals should miss.' -- Paul A. Samuelson, Massachusetts Institute of Technology, US'. . . a highly original work of scholarship which will be immensely appreciated. . . . this is a most welcome and timely publication.' -- Ali Shamsavari, Economic Journal'In all, this volume records a remarkable intellectual and personal odyssey and will serve as a valuable introduction to Tsuru's work.' -- Anthony Brewer, The Manchester School'. . . a volume which demonstrates the enormous intellectual debt of western economics to Japan theorists such as Shigeto Tsuru.' -- Mark Gray, Asia Pacific Business ReviewTable of ContentsIntroduction: autobiographical. Part 1 General theory: Keynes versus Marx - the methodology of aggregates; on reproduction schemes; the effects of technology on productivity; the place of GNP; a note on capital/output ratio; towards a new political economy. Part 2 On development: the applicability and limitations of economic development theory; merits and demerits of the mixed economy in economic development - lessons from India's experience. Part 3 On Marxian economics: an aspect of Marx's methodology in economics - "The Fetishism of Commodities"; Marx's tableau economique and "Underconsumption" theory; Marx and the analysis of capitalism - a new stage on the basic contradiction?; Mr Dobbs and Marx's theory of value. Part 4 On environment: environmental pollution control in Japan; "North-South" relations on environment; energy policy and environmental considerations. Part 5 Miscellaneous essays: dialogue between Denis Diderot and Karl Marx; on the Soviet concept of national income; political economy of disarmament; economics of institutions or institutional economics.

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Book SynopsisThe introduction of effective, competitive and innovative financial systems will be a key factor in the economic success, or failure, of Central and Eastern Europe. This important volume presents a comprehensive, up-to-date analysis of the development of financial systems in the region with contributions from leading researchers and bankers.An overview of recent developments and discussion of some of the major issues - including central bank independence, bank privatization and bankruptcy regulations - is followed by discussion of the conditions for and likely consequences of financial liberalization in Central and Eastern Europe. The contributors draw upon the experience of Austria and Finland, two West European countries that recently accomplished full financial liberalization. The final section includes a series of specific regional studies on the results and problems of financial reform in the Czech Republic, Hungary and Poland, three leading reforming countries, and Bulgaria, one of the ‘second wave’ of transitional economies.Providing an authoritative review of current trends, The Development and Reform of Financial Systems in Central and Eastern Europe makes a unique contribution to a neglected area in the literature on economic transformation and development in former command economies.Trade Review’[T]his publication does contain some very interesting articles.’Table of ContentsFinancial distress in Central and Eastern Europe - an overview; the banking system - the foundation for emerging financial markets; financial liberalization - lessons from experience; reforming financial markets - case studies in Central and Eastern Europe.

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Book SynopsisThe post-war growth of the East Asian economies is an unprecedented achievement in world economic history. The newly-industrializing countries of Hong Kong, the Republic of Korea, Singapore and Taiwan were first to emulate Japan's economic success; more recently, the People's Republic of China and several Southeast Asian countries have experienced extremely high rates of economic growth and rapid industrial transformation.This comprehensive six volume set brings together the best work published on the political economy of the East Asia region, including studies of Japan, Korea, Taiwan, China, Hong Kong, Singapore, Indonesia, Malaysia, Thailand and the Philippines. The collections will be welcomed by specialists in Asian studies, comparative politics, international political economy and economics.The series can be purchased either by title - each of which consists of two volumes - or as a complete six volume set.JAPANJapan's economic transformation in the postwar period occurred at an historically unprecedented pace. Rapid urbanization accompanied economic growth and brought major changes in the social and political systems.These authoritative volumes analyse the factors behind Japan's economic success and the consequences that it has had both for Japan's political system and for Japan's role in the global economy.Volume I focuses on the process of policy making in Japan, especially on the issue of the relative importance of the bureaucracy and its relations with other key actors. The second part of the volume contains the most important contributions to the debate on whether industrial policy was the principal reason for Japan's economic success.Volume II contains sections on industrial culture and organization that examine Japanese corporate systems, the role of flexible production, the unique nature of Japanese society and the advantages and drawbacks of Japan's industrial groupings, as well as the regulatory framework under which Japan's firms operate. The final readings focus on the question of whether Japan's trading pattern is abnormal for an economy of its level of development and natural resources, and how this pattern will evolve in the future.CHINA, KOREA AND TAIWANThis two volume set focuses on the political economy of Korea, Taiwan, China and Hong Kong four of the most rapidly growing countries in the contemporary world economy.The first chapters in this collection are comparative studies of the political economy of the newly-industrializing countries in general; these construct an East Asian 'model' as a tool for comparative analysis. Later comparative work reproduced in the first volume focuses specifically on Korea and Taiwan and is concerned with explaining the different evolution of state-society relations in these two countries. Among the subjects included are economic adjustment, financial systems, agriculture, trading companies, and policies on foreign direct investment and trade.The second part of Volume II consists of papers on the political economy of China since beginnings of the economic liberalization process in 1978. Besides reviewing the achievements of China in this period, the chapters discuss the continuing contradictions of market liberalization under the auspices of the Chinese Communist Party. The final papers in Volume II review the political economy of Hong Kong, how its economy has been shaped by government policies, and the increasing importance of economic links with mainland China.SINGAPORE, INDONESIA, MALAYSIA, THE PHILIPPINES AND THAILANDThis two volume set focuses on the political economy of five of the member states of ASEAN, the Association of Southeast Asian Nations.The readings document how Singapore has enjoyed consistently high rates of growth since the mid-1960s thanks to a mixture of liberal trade policies and judicious government intervention. By the early 1990s it per capita income had surpassed that of many Western European countries.Singapore was the only Southeast Asian country to be included in the original list of newly industrializing countries. In the decade after the mid-1980s, Indonesia, Malaysia and Thailand also all enjoyed very high rates of economic growth. Their recent success reflects the benefits, first, of policy reform that has reduced economic distortions and, second, of high levels of foreign direct investment from Northeast Asia. The readings identify some of the continuing struggles between proponents of liberalization and advocates of protectionism who have benefited from the patrimonial politics characteristic of these three countries.The reading on the fifth country in this volume, the Philippines, analyse how the country's development has been held back by the 'crony capitalism' of the Marcos years and by the failure to introduce measures that would reduce the power of the traditional landed elites.Trade Review'. . . this is an impressive collection and illustrates just how rapidly the political economy literature on various parts of East Asia has grown and matured over the last decade and a half. . . it should certainly find its way into the libraries of government institutions, development agencies and universities and be a very valuable reference source for all who use it.' -- Andrew MacIntyre, Asian Pacific Economic Literature

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Book SynopsisNew Directions in Analytical Political Economy brings together an important collection of economic research by scholars from a wide range of non-neoclassical research traditions.This book provides a flavour of recent research in non-neoclassical economic theory - drawing on classical, Marxian, post Keynesian and Kaleckian, structuralist, evolutionary and institutional approaches - using mathematical analysis. The papers deal with a variety of themes, including unemployment, financial crises and business cycles; technological change and long-run growth; value, prices and pricing, and international terms of trade; the role of agriculture, foreign exchange and fiscal constraint on growth, hyperinflation and wage indexation, and stability in mixed economies. The contributors base their analysis on the structure, history and institutions at hand, and not just on ever more elaborate optimizing principles as is fashionable in mainstream economics. However, they do not turn their backs on mainstream concepts and methods, using formal mathematical models to conduct their analysis in a rigorous way.Combining a broad approach to economics with mathematically based analysis, this important new book will be welcomed by economists wanting to go beyond the boundaries of neoclassical economics, without losing the rigour of modern economic theory.Trade Review'Professor Dutt's New Directions in Analytical Political Economy is a very stimulating and insightful contribution to the economic analysis of the advanced capitalist and developing economies.'Table of ContentsAnalytical political economy - an introduction, Amitava Krishna Dutt. Part 1 Unemployment, finance and growth cycles: fiscal policy and the natural rate, Alan G. Isaac; on the modelling of systemic financial fragility, Peter Skott; profits and growth dynamics, Marc Jarsulic. Part 2 Accumulation, distribution and technical change: on the long-run stability of capitalist economies - implications of a model of growth and distribution, Amitava Krishna Dutt; endogenous technical change, accumulation and distribution, Jong-Il You; investment, technical progress and uneven growth - an evolutionary vintage model, Panagis Liossatos. Part 3 Value and price: some suggestions for linking arbitrage, symmetries and the social theory of value, Philip Mirowski; prices, capacity utilization and employment in the post-Keynesian traditions, Malcolm Sawyer; a classical theory of the terms of trade for newly industrializing countries, William Darity Jr and Sumana Dhar. Part 4 Developing economies and development: agrarian structure, labour supplies and the terms of trade, J. Mohan Rao; foreign exchange and fiscal constraints on growth - a reconsideration of structuralist and macroeconomic approaches, Jaime Ros; the rational basis of wage determination in regimes of high inflation, Edward J. Amadeo; the breakup of the mixed economy in Nicaragua.

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Book SynopsisThe editors of this important collection bring together a selection of previously published articles which outline the role of the money supply in the economic process from a post Keynesian perspective, paying particular attention to the writings of Kaldor.The volume begins with literature which evolved since the Radcliffe Report, whilst the remaining chapters are divided into sections on the Post Keynesian Critique of the Monetarist Positions, Reactions to the 'Monetarist Experiment' and The Recent Post Keynesian Debate.Trade Review'. . . an interesting mix of papers on a clearly defined theme, some of which served as a nostalgic reminder of how dramatically monetary policy debates have changed since the 1970s, let alone the 1950s.' -- Roger E. Backhouse, The Economic JournalTable of ContentsPart I: THE YEARS OF THE RADCLIFFE REPORT 1. Hyman P. Minsky (1957), ‘Central Banking and Money Market Changes’ 2. Richard Kahn (1958), ‘Memorandum of Evidence Submitted to the Radcliffe Committee’ 3. Nicholas Kaldor (1958), ‘Monetary Policy, Economic Stability and Growth’ 4. John G. Gurley (1960), ‘The Radcliffe Report and Evidence’ 5. Nicholas Kaldor (1960), ‘The Radcliffe Report’ 6. R. S. Sayers (1960), ‘Monetary Thought and Monetary Policy in England’ Part II: The Post Keynesian Critique of the Rising Monetarist Positions 7. Milton Friedman (1968), ‘The Role of Monetary Policy’ 8. Karl Brunner (1970), ‘The "Monetarist Revolution” in Monetary Theory’ 9. A. B. Cramp (1970), ‘Does Money Matter?’ 10. Nicholas Friedman (1970), ‘The New Monetarism’ Milton Friedman (1970), ‘The New Monetarism: Comment’ Nicholas Kaldor (1970), ‘Reply’ 11. James Tobin (1970), ‘Money and Income: Post Hoc Ergo Propter Hoc?’ Milton Friedman(1970), ‘Comment on Tobin’ James Tobin (1970, ‘Rejoinder’ 12. Paul Davidson and Sidney Weintraub (1973), ‘Money as Cause and Effect’ Part III: Reactions to the ‘Monetarist Experiment’ 13. Nicholas Kaldor (1980), ‘Monetarism and UK Monetary Policy’ 14. Milton Friedman (1982), ‘Monetary Policy: Theory and Practice’ 15. Milton Friedman (1984), ‘Lessons from the 1979-82 Monetary Policy Experiment’ 16. Nicholas Kaldor (1985), ‘How Monetarism Failed’ 17. Benjamin M. Friedman (1988), ‘Lessons on Monetary Policy from the 1980s’ 18. Phillip Cagan (1989), ‘The Uncertain Future of Monetary Policy’ Part IV: The Recent Post Keynesian Debate 19. Basil J. Moore (1983), ‘Unpacking the Post Keynesian Black Box: Bank Lending and the Money Supply’ 20. Marc Lavoie (1984), ‘The Endogenous Flow of Credit and the Post Keynesian Theory of Money’ 21. Victoria Chick (1986), ‘The Evolution of the Banking System and the Theory of Saving, Investment and Interest’ 22. J. A. Kregel (1986), ‘Shylock and Hamlet or Are there Bulls and Bears in the Circuit?’ 23. Paul Davidson (1988), ‘Endogenous Money, the Production Process, and Inflation Analysis’ 24. Basil J. Moore (1988), ‘The Endogenous Money Supply’ 25. Alexander C. Dow and Sheila C. Dow (1989), ‘Endogenous Money Creation and Idle Balances’ 26. Charles Goodhart (1989), ‘Has Moore Become Too Horizontal?’ 27. Marc Jarsulic (1989), ‘Endogenous Credit and Endogenous Business Cycles’ 28. Stephen Rousseas (1989), ‘On the Endogeneity of Money Once More’ 29. Augusto Graziani (1989), ‘The Theory of the Monetary Circuit’ 30. H. P. Minsky (1991), ‘The Endogeneity of Money’ 31. Christopher J. Niggle (1991), ‘The Endogenous Money Supply Theory: An Institutionalist Appraisal’ 32. Marco Musella and Carlo Panico (1993), ‘Kaldor on Endogenous Money and Interest Rates’

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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 SynopsisThis important new book brings together a significant body of new essays on some of the central economic problems facing governments, firms and individuals in the 1990s. Under the direction of Paul Davidson and Jan Kregel, an international group of distinguished economists provide new perspectives on key issues including employment, corporate and work place restructuring, economic growth and development, financial integration and transformation of the former command economies. Combining rigorous scholarly assessments of the issues with policy prescription, the contributors seek to provide solutions to the problem of providing full employment, to identify the factors determining the expansion of the economy, and to analyse the impact of financial markets, financial derivatives and international regulations on domestic and global economic performance.Employment, Growth and Finance will be welcomed by all those interested in the solutions to international economic problems being developed by post Keynesian economists.Trade Review’. . . the book will be of interest to anyone who would like a sample of post Keynesian view on some important economic issues.’ -- S. Drakopoulos, Economic JournalTable of ContentsPart 1 Employment: The intellectual and institutional requirements for full employment, Malcolm Sawyer; the psychological costs of unemployment and unemployment hysteresis - theory and evidence, Arthur B. Goldsmith, Jonathan R. Veum, William Darity Jr.; aggregate and household behaviour - poverty and savings, David Bunting; the guaranteed minimum income as a proposal to remove poverty in Brazil, Eduardo Matarazzo, Suplicy and Samir Cury; the influence of changes in income distribution on aggregate demand in a Kaleckian model - stagflation vs exhilaration reconsidered, Tracy Mott, Edward Slattery; ownership and management, Nina Shapiro. Part 2 Growth: What's so "new" about the "new" theories of technical change? - Adam Smith, Robert Lucas Jr and economic growth, William Darity Jr; recent developments in growth theory - a post-Keynesian response, Mark Setterfield; structural change and productivity in OECD, John Cornwall, Wendy Cornwall; Part 3 Finance: Full employment and economic growth as an objective of economic policy - some thoughts on the limits of capitalism, Hyman Minsky; global protfolio allocation, hedging, and September 1992 in the European monetary system, Jan A. Kregel; the role of the Basle committee on banking supervision in the regulation of international banking, Andrew Cornford; is there an economic (neo-classical) explanation for the magic of the technical analysis of stock markets, Andrea Terzi; can capitalism be built through shortcuts? lessons from Poland's economic reform, Edward K. Zajicek.

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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 SynopsisFollowing German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's productivity and living standards. This book evaluates the main events and their outcomes since mid-1990 and the associated policy issues. The authors assess the medium to long term growth prospects of eastern Germany and the wider implications for western Germany and Europe.The Economics of German Unification analyses the economic process of assimilating eastern Germany into the institutions and performance levels of western Germany. It includes original research as well as providing an overview of existing literature. Among the topics discussed are: the relative backwardness of East Germany's economy the impact of monetary and economic integration restructuring and privatization <>li>labour market and industrial policy, including an analysis of wage restraint and cost reduction the prospects for eastern Germany catching-up economically with western Germany the repercussions for German competitiveness nationally and within the wider European context This book will be welcomed by academics, researchers and undergraduates interested in the economics of transition, comparative economic systems, political economy and the European business environment.Trade Review'A model of clarity and organization, this relatively short book is marvellously handy for any researcher, student or practitioner engaged in international trade or policy making because issues are laid out clearly and answers presented persuasively with a sufficiently full explanation of sources and argument. A concise summary of the individual chapters' contents and main arguments at the start, and a twelve-point conclusion (with a few subpoints) at the end, plus a well laid-out index, make it easy and convenient to find information quickly.'Table of ContentsContents: 1. GEMSU – Switching from Socialism to Capitalism 2. The DDR Economy Revisited 3. The 1948 Currency and Economic Reforms in Comparison with the 1990 Economic and Monetary Union 4. Restructuring and Privatization 5. The Labour Market in Post-Unification Eastern Germany 6. Catching up with the West: The Achievements and Limitations of Creative Destruction 7. Convergence and Catch-Up: Results and Prospects 8. International and Domestic Repercussions of German Unification 9. Conclusion Index

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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 SynopsisFor years the small-firm sector of the economy remained an enigma. However, recently researchers have assembled a far better understanding of the economic role of small firms. One of the surprising findings is that small and medium-sized firms, and entrepreneurship, have become increasingly more important to the economies of both developed and developing countries than previously acknowledged. The purpose of these volumes is to bring together for the first time this diffuse and rich literature on the whole subject of small firms and economic growth. This volume will provide a basic resource for all those engaged with the subject as students, teachers and researchers.Trade Review'The volumes start with a cultured and learned introduction to small business economics, and its core literature, by Professor Zoltan Acs. He is to be congratulated on providing a great service to the profession with this magisterial collection of papers.' -- Gavin C. Reid, The Economic JournalTable of ContentsContents: Acknowledgments Introduction VOLUME I Part I: The Long View 1. Adam Smith (1976), ‘Of the Division of Labour’ 2. Karl Marx (1929), ‘Historical Tendency of Capitalist Accumulation’ 3. Alfred Marshall (1947), ‘Conclusion, Correlation of the Tendencies to Increasing and to Diminishing Return’ 4. John Maynard Keynes (1972), ‘The End of Laissez-Faire’ 5. Joseph A. Schumpeter (1950), ‘Crumbling Walls’ Part II: The Short View 6. Michael J. Piore and Charles F. Sabel (1984), ‘Possibilities for Prosperity: International Keynesianism and Flexible Specialization’ 7. William A. Brock and David S. Evans (1989), ‘Small Business Economics’ 8. Gary Loveman and Werner Sengenberger (1991), ‘The Re-emergence of Small-Scale Production: An International Comparison’ Part III: The Size Distribution of Firms 9. Jacob Viner (1932), ‘Cost Curves and Supply Curves’ 10. Robert E. Lucas, Jr. (1978), ‘On The Size Distribution of Business Firms’ 11. Boyan Jovanovic (1982), ‘Selection and the Evolution of Industry’ 12. Hugo A. Hopenhayn (1992), ‘Entry, Exit, and Firm Dynamics in Long Run Equilibrium’ Part IV: Entry, Exit, Growth and Survival 13. David S. Evans (1987), ‘Tests of Alternative Theories of Firm Growth’ 14. Timothy Dunne, Mark J. Roberts and Larry Samuelson (1988), ‘Patterns of Firm Entry and Exit in U.S. Manufacturing Industries’ 15. Timothy Dunne, Mark J. Roberts and Larry Samuelson (1989), ‘The Growth and Failure of U.S. Manufacturing Plants’ 16. Tito Boeri (1994), ‘Why are Establishments so Heterogeneous?’ Part V: Innovation, Firm Size and Technological Change 17. Michael Gort and Steven Klepper (1982), ‘Time Paths in the Diffusion of Product Innovations’ 18. Kenneth J. Arrow (1983), ‘Innovation in Large and Small Firms’ 19. Sidney G. Winter (1984), ‘Schumpeterian Competition in Alternative Technological Regimes’ 20. Zoltan J. Acs and David B. Audretsch (1988), ‘Innovation in Large and Small Firms: An Empirical Analysis’ 21. Albert N. Link and John Rees (1991), ‘Firm Size, University-based Research and the Returns to R&D’ 22. Zoltan J. Acs and David B. Audretsch (1993), ‘Innovation and Firm Size: The New Learning’ Part VI: Firm Size, Entrepreneurship and Economic Growth 23. William J. Baumol (1990), ‘Entrepreneurship: Productive, Unproductive, and Destructive’ 24. Thomas J. Holmes and James A. Schmitz, Jr. (1990), ‘A Theory of Entrepreneurship and Its Application to the Study of Business Transfers’ 25. Gavin C. Reid (1991), ‘Staying in Business’ 26. Sharon Gifford (1992), ‘Innovation, Firm Size and Growth in a Centralized Organization’ 27. Laura d’Andrea Tyson, Tea Petrin and Halsey Rogers (1994), ‘Promoting Entrepreneurship in Eastern Europe’ Part VII: Liquidity Constraints and Small Firm Finance 28. Steven M. Fazzari, R. Glenn Hubbard and Bruce C. Petersen (1988), ‘Financing Constraints and Corporate Investment’ 29. David S. Evans and Boyan Jovanovic (1989), ‘An Estimated Model of Entrepreneurial Choice under Liquidity Constraints’ 30. Douglas Holtz-Eakin, David Joulfaian and Harvey S Rosen (1994), ‘Sticking It Out: Entrepreneurial Survival and Liquidity Constraints’ 31. Nico van der Wijst and Roy Thurik (1993), ‘Determinants of Small Firm Debt Ratios: An Analysis of Retail Panel Data’ 32. Joshua Lerner (1994), ‘Venture Capitalists and the Decision to go Public’ 33. D. J. Storey (1994), ‘New Firm Growth and Bank Financing’ VOLUME II Part I: The Role of Small Firms 1. Lawrence J. White (1982), ‘The Determinants of the Relative Importance of Small Business’ 2. Ralph M. Bradburd and David R. Ross (1989), ‘Can Small Firms Find and Defend Strategic Niches?’ A Test of the Porter Hypothesis’ 3. M. E. Beesley and R. T. Hamilton (1984), ‘Small Firms’ 4. David B. Audretsch and Zoltan J. Acs (1990), ‘The Entrepreneurial Regime, Learning and Industry Turbulence’ 5. Gerald A. McDermott and Michael Mejstrik (1992), ‘The Role of Small Firms in the Industrial Development and Transformation of Czechoslovakia’ 6. Sang V. Nguyen and Arnold P. Reznek (1991), ‘Returns to Scale in Small and Large U. S. Manufacturing Establishments’ Part II: Job Generation 7. Catherine Armington and Marjorie Odle (1982), ‘Small Business - How Many Jobs?’ 8. Charles Brown, James Hamilton and James Medoff (1990), ‘Who Benefits?’ 9. Steven J. Davis and John Haltiwanger (1992), ‘Gross Job Creation, Gross Job Destruction, and Employment Reallocation’ 10. Michael Fritsch (1993), ‘The Role of Small Firms in West Germany’ Part III: Employment and Earnings 11. Andrew Weiss and Henry J. Landau (1984), ‘Wages, Hiring Standards, and Firm Size’ 12. Charles Brown and James Medoff (1989), ‘The Employer Size - Wage Effect’ 13. David S. Evans and Linda S. Leighton (1989), ‘Why Do Small Firms Pay Less?’ Part IV: Industrial Districts and Production Networks 14. Mark H. Lazerson (1988), ‘Organizational Growth of Small Firms: An Outcome of Markets and Hierarchies?’ 15. Yoshio Sato (1983), ‘The Subcontracting Production (Shitauke) System in Japan’ 16. AnnaLee Saxenian (1991), ‘The Origins and Dynamics of Production Networks in Silicon Valley’ Part V: R&D Spillovers and Innovative Activity 17. Adam B. Jaffe (1989), ‘Real Effects of Academic Research’ 18. Zoltan J. Acs, David B. Audretsch and Maryann P. Feldman (1994), ‘R&D Spillovers and Recipient Firm Size’ Part VI: Flexibility and Firm Size 19. George Stigler (1939), ‘Production and Distribution in the Short Run’ 20. John M. Blair (1948), ‘Does Large-Scale Enterprise Result in Lower Costs? Technology and Size’ 21. David E. Mills and Laurence Schumann (1985), ‘Industry Structure with Fluctuating Demand’ 22. Bo Carlsson (1984), ‘The Development and Use of Machine Tools in Historical Perspective’ 23. Bo Carlsson, David B. Audretsch and Zoltan J. Acs (1994), ‘Flexible Technology and Plant Size: U.S. Manufacturing and Metalworking Industries’ Part VII: Time-Series Analysis of Self-Employment 24. David M. Blau (1987), ‘A Time-Series Analysis of Self-Employment in the United States’ 25. Hedley Rees and Anup Shah (1986), ‘An Empirical Analysis of Self-Employment in the U.K.’ 26. David G. Blanchflower and Bruce D. Meyer (1994), ‘A Longitudinal Analysis of the Young Self-Employed in Australia and the United States’ Part VIII: Developing Countries 27. I. M. D. Little (1987), ‘Small Manufacturing Enterprises in Developing Countries’ 28. Wim P.M. Vijverberg (1992), ‘Measuring Income from Family Enterprises with Household Surveys’ 29. Dennis A. Rondinelli and John D. Kasarda (1992), ‘Foreign Trade Potential, Small Enterprise Development and Job Creation in Developing Countries’ Part IX: Regulation, Deregulation and Competition Policy 30. William G. Shepherd (1982), ‘Causes of Increased Competition in the U.S. Economy, 1939-1980’ 31. William A. Brock and David S. Evans (1985), ‘The Economics of Regulatory Tiering’ 32. K. Aiginger and G. Tichy (1991), ‘Small Firms and the Merger Mania’ 33. Felix R. FitzRoy (1990), ‘Employment, Entrepreneurship and 1992: Microeconomic Policy and European Problems’

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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 SynopsisEconometrics, Macroeconomics and Economic Policy presents eighteen papers by Carl Christ focusing on econometric models, their evaluation and history, and the interactions between monetary and fiscal policy.Professor Christ’s pioneering contributions to econometrics, monetary and fiscal policies and the government’s budget constraint are thoroughly covered in this volume. Other areas addressed include monetary economics, monetary policy, macroeconomic model building, and the role of the economist in economic policy making. The book also features an original new introduction by the author and a detailed bibliography.Econometricians and macroeconomists will welcome this outstanding volume in which Professor Christ argues firmly for the importance of testing econometric equations and models against new data, as well as for exploring the impact of the policies of central government.Trade Review’Reading this collection is like communicating with an aged uncle and in general, whilst one may find the models a little long in the tooth, the insights Christ offers and the way he approaches macroeconomics make this a volume worth looking at more than once.’ -- Geoffrey Williams, The Economic JournalTable of ContentsContents: Acknowledgements Introduction Part I: The History of Econometrics Part II: Econometrics and its Assessment Part III: The Government Budget Restraint and its Implications Part IV: Monetary Economic and Monetary Policy Part V: Reflections on Economics Modelling and on Economic Policy Index

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Book SynopsisInstitutionalist analysis is increasingly used as a key research tool for economists confronted with the shortcomings of mainstream economic analysis and the problems presented by the transformation of socio-economic systems in Eastern Europe. On Economic Institutions brings together leading economists working in a wide range of research traditions who examine theories of institutions and institutional change. This important volume shows that the failure of most neoclassical economic analysis to consider economic institutions is a major shortcoming in scholarship which seeks to describe and understand crucial economic phenomena. After discussing the dynamics of institutional change, the contributors examine the explanatory variables necessary for researching institutions and pay particular attention to 'efficiency' as the key variable used by neoclassical institutional analysis. Later chapters examine the processes of institutional change focusing on issues such as path dependency, selection mechanisms and institutional dynamics, and methodological issues in analysing economic institutions. An introduction by the editors places these papers in context and traces the development of economic research across the various schools.Economists from both neoclassical and institutionalist schools, as well as economic historians, are making increasing use of institutionalist analysis as a key research tool. In bringing together cutting-edge theory and research on economic institutions, this important volume will be welcomed by scholars working in evolutionary and institutionalist research traditions, as well as by organizational theorists and sociologists.Trade Review'Unlike many other volumes of conference proceedings, however, this one has been carefully edited to focus on issues surrounding the presence of institutions in economic life. Taken together, the essays in this volume comprise a compelling examination of the various ways economists are seeking to investigate and explain institutional change.’ -- Ross B. Emmett, Review of Social Economy’This collection is one of the more interesting ones available, offering a true smorgasbord of the perspectives, themes, and methods included under the label "institutionalist economics" today.’ -- Alan W. Dyer, Review of Political Economy’Edward Elgar continues to bring out books of merit in heterodox economics. His list puts older and larger houses to shame. . . The editors do a fine job.’ -- William Waller, Journal of Economic Issues’This is an important contribution not merely to the institutionalist school of thought but also to related disciplines which have a keen eye on institutional details and have traditionally emphasised them in their research agenda. Economic historians and the other social scientists, especially sociologists, organizational theorists and those interested in politics and law, should find this volume extremely helpful to their work.’ -- Philip Arestis, The Economic JournalTable of ContentsContents: 1. Introduction (John Groenewegen, Christos Pitelis, Sven-Erik Sjöstrand) 2. Towards A Theory of Institutional Change (Sven-Erik Sjöstrand) 3. Rational Action and Institutional Change (Shaun Hargreaves Heap) 4. Relative Rationality, Institutions and Precautionary Behaviour (Ernesto Screpanti) 5. The Meaning and Role of Power in Economic Theories (David Young) 6. Towards an Evolutionary Theory of Institutional Crisis (Christos Pitelis) 7. Institutional Aspects of Regulating the Private Sector (Jonathan Michie) 8. Michael Porter’s Inquiry into the Nature and Causes of the Wealth of Nations (Paul Auerbach, Peter Skott) 9. Standards as Institutions: Problems with Creating all-European Standards (Claes-Fredrik Helgesson, S.Hultén, D.J. Puffert) 10. Collective Action, Strategic Behaviour and Endogenous Growth (Patrizio Bianchi, Lee Miller) 11. Determinants of Supplier Dependence: An Empirical Study (Hans Berger, Niels Noorderhaven, Bart Nooteboom) 12. The Changing Market for Corporate Control (J. Groenewegen) Index

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Book SynopsisThis book considers the possibility of adjusting traditional economic measures of income and welfare to account for natural resource extraction and environmental degradation.It presents and reviews the limitations of an operational method for measuring income from resource extraction in both open and closed economies. In addressing closed economies, the discussion centres on the relationship between income and global sustainability. The book also considers the measurement of social welfare in relation to environmental issues and resource extraction, especially changes over time and comparison between countries. Theoretical material is complemented by case studies on petroleum extraction in Norway and soil degradation in Tanzania, to which the pragmatic methods are applied. The author challenges the view that environmental degradation is best included in welfare measurement and argues that many of the proposals for adjusted welfare measurements are better interpreted as adjustments of national income.Economic Growth and the Environment will be indispensable to environmental accountants, environmental organizations interested in green accounting and students studying sustainability issues.Trade Review'This book presents and reviews the limitations of an operational method for measuring income from resource extraction in both open and closed economies. It will be useful to environmental accountants, environmental organizations and students of sustainability issues.' -- Public Administration, Development and EnvironmentTable of ContentsContents: Preface 1. Introduction 2. National Accounting, Environment and Resources 3. Income in Open Economies 4. Income in the Closed Economy 5. Welfare 6. Environmental Degradation 7. Conclusion Bibliography Index

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Book SynopsisStarting with a selection of classical articles on international institutions, this book traces the evolution of regime analysis over the last two decades as a new perspective on international governance. In the process it provides a full account of the major schools of thought that have arisen to account for the demand for international governance, the formation of international regimes, and the effectiveness of international governance systems. By drawing a clear distinction between institutions and organizations and then analysing the relationship between the two, the book clarifies the concept of 'governance without government'. A number of essays explore the probable impact of the proliferation of international regimes on the character of international society. The book's concluding section takes stock of the current status of regime and analyses and assesses emerging challenges in this vibrant field of study.Trade Review'These two volumes make a valuable and highly relevant contribution to the Library of International Political Economy series which already has nine major titles.' -- Journal of Peace ResearchTable of Contents40 articles, dating from 1947 to 1995 Contents: Volume I: Introduction Part I: International Institutions – Classic Perspectives Part II: The Demand for International Governance Part III: International Regimes as Governance Systems Part IV: The Supply of International Governance Index • Volume II: Introduction Part I: Implementation, Compliance and Administration Part II: Regime Effectiveness Part III: Regimes, Governance Systems and International Society Part IV: Institutional Design Principles Part V: Future Directions Index

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Book SynopsisWhat has dictated the rate and direction of technological change? How central has it been to industrial progress? How has it related to other determinants of economic growth and development?In Technology and Industrial Progress, Nick von Tunzelmann examines theoretical views on the nature and contribution of technology, and the empirical evidence from the major industrializing countries from the eighteenth century to the present day. The experiences of countries regarded in their time as the leaders of industrialization - Britain in the eighteenth century, the United States in the nineteenth century and Japan in the twentieth century - are critically compared by the author. The following chapters study the transfer of each of these patterns of technology and growth to later industrializers, such as continental Europe, the Soviet Union, and today's newly industrializing countries. Adopting approaches drawn from evolutionary economics, Dr von Tunzelmann links micro-level phenomena relating to individual firms and technologies to macro-level outcomes as reflected in economic growth and development.This long-awaited book is exceptional both in the range of countries surveyed and the breadth of topics analysed, encompassing changes in production processes, products and marketing, management and finance.Trade Review'Nick von Tunzelmann has written an ambitious and challenging book, spanning economics, economic history, the history of ideas and technology per se. It should be recommended reading for economic historians, economists and anyone interested in the dynamics of technical change.' -- Peter Holmes, University of Sussex, UK'The book's organization allows it to be read as a whole or treated as a resource to guide students studying a particular topic. Undergraduate, graduate, professional .' -- M. Perelman, Choice'Von Tunzelmann has written a great book, impressive in both scope and depth. Often the reader is overwhelmed by the wealth of detail, at times by the profoundness of insight.' -- Paul Diederen, The Economic Journal'This is an impressive book, and an unusual one too. This is not only because of its length (more than five hundred pages), nor the large number of books and articles cited in the text (between seven and eight hundred). What really makes this book exceptional is its broad coverage and the way it is written.' -- J. Fagerberg, Journal of Evolutionary Economics'Technology and Industrial Progress deserves to be widely read and should be of great interest to many business historians.' -- N.F.R. Crafts, Business History'These essays are a useful guide to the strengths and limitations of radical debate in the 1990s.' -- Joseph Melling, Business History'This book represents economic history at its best-theoretically informed but sceptical, unburdened by jargon or abstruse mathematics, alive to historical contingency, and comparative on a grand scale. Lucidly written, well referenced, and cogently organized into subsectioned chapters, its author's premises made explicit and terms clearly defined, it merits inclusion as a standard text on all advanced courses in comparative industrialization.' -- Christine MacLeod, Journal of Economic History'The book makes good use of the most recent and classical theories of innovation to provide a framework to understand the industrial and technological change which has been going on since the eighteenth century.' -- Cristiano Antonelli, The Manchester SchoolTable of ContentsContents: 1. Introduction 2. Classical Theories of Economic Growth and Structure 3. Modern Analyses of Growth and Structural Change 4. Britain in the Industrial Revolution 5. European Industrialization, Late 18th to Early 20th Centuries 6. Industrialization in the USA, 1870–1930 7. Industrialization in the West, 1930s to the 1970s 8. Western Industrialization, 1970s to the 1990s 9. Industrialization in the USSR 10. Industrialization in Japan 11. The Newly Industrializing Countries 12. Conclusions

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Book SynopsisBanking, Politics and Global Finance presents an innovative, micro-political examination of the US banking system's response to the ongoing globalization of financial markets. This approach contrasts sharply with earlier studies which have emphasized the macro-structural aspects of politics through concentrating on elements of stability and consistency in the policy responses by advanced industrial countries to external economic pressures. By micro-political analysis of policy making, this book reveals a multitude of changes in the interests, coalitions and power constellations among private and public sector actors and institutions in the US financial system, in the absence of any macrostructural adjustment. These changes have opened alternative channels for policy making leading to substantial adjustments in the regulatory framework governing US financial markets. Using detailed discussion of the unsuccessful attempts to repeal the law that separates commercial from investment banking - the Glass-Steagall Act - and the successful raising of the capital standards of US commercial banks, Dr Reinicke's book also explains why the same policy network can respond very differently to an external economic challenge - a phenomenon usually neglected in the literature on comparative political economy.Trade Review'Accessible to all audiences; most useful to upper-division undergraduates and graduate students. -- R. Grossman, ChoiceTable of ContentsContents: 1. Introduction 2. The Politics of Domestic Response to External Economic Pressure 3. The U.S. Banking System: Structure and Regulation 4. The Global Integration of Financial Markets 5. Glass-Steagall and the Politics of Gridlock 6. Glass-Steagall and the Politics of Change 7. The Domestic Politics of Capital Adequacy Regulation 8. Capital Adequacy and the Politics of Change 9. Conclusions: Defending the National Interest: U.S. Comparative Responses to External Economic Shocks

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Book SynopsisThis major book brings together four essays which rigorously defend classical liberal philosophy and present a convincing justification of the minimal state.In Before Resorting to Politics, the first essay, Anthony de Jasay rejects political solutions, seeks to de-politicise society and provides an original analysis of liberty, coercion, the role of chance and deserts in the distribution of resources. This is followed by Norman Barry's Classical Liberalism in the Age of Post-Communism, a succinct but comprehensive reconstruction of classical liberal theory explaining its implications for law, constitutionalism and public policy. Adam Smith into the Twenty-First Century by Edwin West shows how Smith's liberalism - less ambivalent than that of J.S. Mill and his followers - continues to thrive and is enjoying a revival in the 1990s. In the final essay, Economic Policy in a Liberal Democracy, Richard E. Wagner offers an approach to welfare economics and economic policy appropriate for a classically liberal society.The essays are co-ordinated by an introduction in which Charles K. Rowley explains why some notable classical liberal scholars have abandoned classical liberalism and presents a vigorous philosophical justification for the minimal state. Including essays by some of the most eminent scholars in the field, The Political Economy of the Minimal State makes an important and distinguished contribution to one of the most contentious issues in twentieth century political economy.Trade Review'I recommend the book for all who search for a more complete understanding of the foundation stones that form classical liberalism. I predict that readers with the intellectual appetite will read this book and then place it in a special place on the shelf that contains favorite books by Buchanan, Hayek, Locke and Mises. That is where my copy now resides.' -- Bruce Yandle, Constitutional Political EconomyTable of ContentsContents: Preface What is Living and What is Dead in Classical Liberalism 1. Before Restoring to Politics (A. de Jasay) 2. Classical Liberalism in the Age of Post-Connunism (N. Barry) 3. Adam Smith into the Twenty-First Century (E.G. West) 4. Economic Policy in a Liberal Democracy (R.E. Wagner)

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Book SynopsisThis book focuses on one of the major challenges facing countries in Eastern Europe, namely the creation and maintenance of jobs in the agricultural sector. It argues that future employment will critically depend upon the completion of the privatization process, as well as improved efficiency and market opportunity. Privatization in Rural Eastern Europe prescribes radical restructuring of the East European countryside and examines the future prospects for restitution and privatization from both national and regional perspectives. The economic and political history of rural Eastern Europe is examined in the context of the transition process. The discussion then develops with the extensive use of detailed country case studies which analyse the growth of private economic activity in Albania, Bulgaria, Czech Republic, East Germany, Hungary, Poland, Romania, Slovakia and Slovenia in a clear and systematic way. The book offers careful consideration of the future of the rural economy and emphasizes the importance of rural diversification and the development of the service sector to create new employment opportunities in rural areas.This book will prove invaluable to academics with an interest in agricultural and transitional economics as well as to businessmen interested in East European agriculture, food processing and farm machinery.Trade Review'The present volume . . . should be warmly welcomed as an important addition to the limited literature on rural and agricultural transition. . . . the book provides authoritative country case studies and comprehensive lists of references. It can and should be used as an important source of relevant information on the behavior of the rural sector during transition in the nine countries of east central Europe. It faithfully captures and presents the main changes and trends faced by the rural population at large, without restricting the discussion exclusively to agriculture and farming. . . . The range of topics is such that the volume will be useful to scholars of a broad profile, including economists, sociologists, and political scientists. The level of presentation makes the book suitable both for advanced researchers and for graduate students. Researchers with empirical leanings will find much useful raw data in the country studies. Theoreticians will find descriptions of general trends and processes that may provide useful insights to begin developing a theory of rural transition. In summary, this work is an important addition to the empirical literature on agricultural and rural transition.'Table of ContentsContents: 1. Introduction 2. Albania 3. Bulgaria 4. Czech Republic 5. East Germany 6. Hungary 7. Poland 8. Romania 9. Slovakia 10. Slovenia 11. Aspects of Farm Diversification 12. Conclusion

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Book SynopsisEurope is passing through a dramatic period in which issues of international integration and disintegration are of crucial importance. Transforming Economies and European Integration is the first book to focus on the inter-dependence between the pattern and prospects of economic transformation in Eastern and Central Europe and the wider issue of European integration. Important aspects of this process are addressed from both scholarly and political perspectives. The distinguished group of authors, including leading figures from universities and institutions across Europe, reviews the current state-of-the-art in the process of East-West European integration, including bottlenecks and obstacles to the process. The authors analyse the most widely-debated issues and developments in East-West economic relations including the widening and deepening of the European Union, East-West trade, industrial restructuring and labour market adjustment, and the role of financial reforms and financial flows in this process.Highlighting key economic issues relating to the reintegration of Central and Eastern Europe into the European Community, Transforming Economies and European Integration will be welcomed by students, researchers and policymakers concerned with the emergence of a wider, more integrated Europe.Trade Review'The papers in the volume provide a wealth of empirical material on a broad range of issues.' -- H. Drost, Journal of European IntegrationTable of ContentsContents: Preface 1. Introduction Part I: The New Dimensions of European Integration Part II: Restructuring of East–West Trade in Europe Part III: Opening Up of Eastern Markets Annex Index

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Book SynopsisThis new two volume set contains major recent theoretical and empirical contributions to the debate on long-term economic growth. Research on long-term growth was revitalized in recent years as it became clear that countries were not converging in income levels as was predicted by the neoclassical growth model. Also differences in growth rates across countries seemed systematic and predictable. These findings led to the development of models of 'endogenous growth' through which a country's long-run growth rate is determined by economic and policy variables.Professor Grossman - who is a recognized authority on the new growth theory - has chosen some of the most exciting and and innovative papers on convergence and the endogenous growth models that were constructed to explain the stylized facts. Empirical tests of the new models, are made accessible, as well as extensions of the theory to study the effects of international trade on growth, the implications of imperfect capital markets for growth and the relationship between the distribution of income and growth.Trade Review'These two excellent volumes have successfully captured major developments in growth theory and growth empirics since the mid 1980s. The choice of papers is scholarly and the papers are well organized to establish a meaningful connection between the sections. A lucid introduction by the editor is an added bonus. These two volumes are highly recommended as reference books for any graduate macroeconomics courses, and for those researching in this area.' -- Niloy Bose, The Economic JournalTable of Contents37 articles, dating from 1985 to 1994 Contents: Introduction Part I: Convergence Part II: Cross-Country Correlates of Growth Part III: “AK” Models of Long-Run Growth Part IV: Externality-Based Growth Part V: Innovation Based Growth Index • Volume II: Part I: Empirical Evidence Part II: Trade and Growth Part III: Growth and Income Distribution Part IV: Financial Markers and Growth 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 SynopsisThe process of transition from a centrally planned economy to one driven primarily by market forces has been a source of controversy and debate. Although the pace and approach has varied we are now beginning to understand some of the essential ingredients necessary for a successful transition.These changes have produced a tremendous quantity of literature which can make it difficult to grasp the most important issues. This book focuses on the key questions and problems facing the monetary and financial sectors of transitional economies, specifically in Hungary, Poland and the Czech Republic. It examines many of the reforms, why these proved necessary, and their impact in the early stages of transition. The authors focus on four main themes: the removal of state intervention and its effect on liquidity and the availability of credit the failure of credit markets and the implications for corporate finance< the role of property rights and the importance of bankruptcy in a well-functioning market economy effects of the separation of the central bank from commercial lending functions, and its consequences for the overall operation of monetary policy in a transitional economy. Money and Finance in the Transition to a Market Economy will be essential reading for those wishing to learn more about the financial and monetary implications of the transition to a market economy in the Central and Eastern European countries. It will be welcomed by graduates, academics, researchers and policymakers alike.Table of ContentsContents: Preface 1. State Desertion and Credit Market Failure in the Transition 2. Constraints on Enterprise Liquidity and their Impact on Monetary Policy 3. Fiscal and Monetary Policies in the Transition: Searching for the Credit Crunch 4. The Economics of Bankruptcy in the Transition to a Market Economy 5. Changing Structure of Household Portfolios in Emerging Market Economies 6. Financial Intermediation and Industrial Restructuring in Central and Eastern Europe 7. The Gradual Approach to Banking Reform and the Anatomy of the Bad Loans Problem 8. The Banking Sector and Macroeconomic Performance: A Current Assessment 9. Central Bank Independence in the Early Stages of the Transition 10. Stabilization and Convertibilty in the Transition: The Legacies of the Twin Deficits References Index

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Book SynopsisTrust is increasingly recognized as a crucial aspect of successful economic relationships, albeit a difficult one to define, and Mark Casson has been at the forefront of recent research in this area.In this sequel to his classic work The Entrepreneur, Professor Casson examines how the entrepreneurial firm succeeds by synthesizing information from different sources. The quality of this information is just as important as the quantity and the cheapest way to ensure quality is through a moral obligation to tell the truth. The author argues that a nation needs to invest in social institutions, such as schools, families and organized religion, in order to instil a sense of moral obligation and so sustain entrepreneurial success. Themes raised in this important volume include cultural perspectives on economic issues, entrepreneurship in a cultural context and the political economy of national culture.Entrepreneurship and Business Culture presents a state-of-the-art analysis of entrepreneurship and the social structures in which it is embedded. Together with its companion volume, The Organization of International Business, this topical and wide-ranging book offers a definitive analysis of the importance of trust in economic life as well as the related concepts of networking, consultation and empowerment.Trade Review’Business historians will benefit greatly from an exposure to Casson’s ideas.’ -- Paul L. Robertson, Business HistoryTable of ContentsContents: Preface Acknowledgement Part I: Cultural Issues in Economic Perspective Part II: Entrepreneurship in a Cultural Context Part III: The Political Economy of National Culture Index

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Book SynopsisMarket, State and Feminism offers an inter-disciplinary critique of the 'free market backlash' - the belief that free market economics can improve the position, status and well-being of women. The authors argue that, far from being restrictive and intrusive, state action can enhance the individual's ability to make responsible choices.This book questions the philosophical basis of free market feminism, challenging its masculine assumptions about rationality and individualism. The authors critically examine the theoretical validity of dichotomising the market versus the state and draw attention to the richness of the interdependence between markets and state institutions. Empirical and case study material is drawn from the UK, the European Union and the United States and illuminates the issues of equal employment opportunities and pay, girls' education performance, business attitudes to women, lobbying by women's groups and equal opportunities legislation.Trade Review'Market, State and Feminism, criticizes the free market backlash that is based on core principles about how markets work, how individual agents behave and how the state influences the functioning of a market economy. The book powerfully refutes the view that free market economics can improve the status and well-being of women.'Table of ContentsContents: Introduction 1. A Feminist Economic Perspective 2. Gender, Economic Life and Politics 3. The Different Worlds of Work 4. The Free Market, Family and Gender 5. Valuing Diversity? Women in the US Workforce Today 6. Women’s Employment and the European Union 7. A Critique of Free Market Feminism Index

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Book SynopsisThis authoritative new volume contains a selection of the most important articles and papers spanning over 20 years on budgeting and managing public spending. It is divided into five succinct parts, covering the main areas of the field including the political-economic environment, approaches to expenditure budgeting and implementing the budget. Donald Savoie does not limit his examples to just one country - budgeting and spending is discussed in a variety of countries, including the UK, Australia, New Zealand, America, Canada and Spain. He has also written a new introduction to accompany the piece. All those with an interest in government spending, budgeting and how finances are controlled will find this work - which includes articles and papers not immediately accessible - an essential reference tool.Table of ContentsContents: Acknowledgements Introduction Part I: Some Theoretical Considerations 1. I.S. Rubin (1990), ‘Budget Theory and Budget Practice: How Good the Fit?’ 2. N. Caiden (1978), ‘Patterns of Budgeting’ 3. J.L. Payne (1991), ‘Elections and Government Spending’ 4. L. Sigelman (1986), ‘The Bureaucrat as Budget Maximizer: An Assumption Examined’ 5. A.T. Cowart (1976), ‘The Machiavellian Budgeter’ 6. N. Caiden (1989), ‘A New Perspective on Budgetary Reform’ Part II: The Political–Economic Environment 7. G. Whitwell (1990), ‘The Triumph of Economic Rationalism: The Treasury and the Market Economy’ 8. A. Schick (1986), ‘Macro-Budgetary Adaptations to Fiscal Stress in Industrialized Democracies’ 9. A. Schick (1988), ‘Micro-Budgetary Adaptations to Fiscal Stress in Industrialized Democracies’ 10. D.F. Kettl (1989), ‘Expansion and Protection in the Budgetary Process’ Part III: Approaches to Expenditure Budgeting 11. P.A. Pyhrr (1977), ‘The Zero-Base Approach to Government Budgeting’ 12. M. Robinson (1992), ‘Program Budgeting: Costs and Benefits’ 13. P.G. Joyce (1993), ‘The Reiterative Nature of Budget Reform: Is There Anything New in Federal Budgeting?’ 14. A. Wildavsky (1983), ‘From Chaos Comes Opportunity: The Movement Toward Spending Limits in American and Canadian Budgeting’ 15. D.A. Cothran (1993), ‘Entrepreneurial Budgeting: An Emerging Reform?’ Part IV: A Comparative Perspective 16. N.J. Caiden (1985), ‘Comparing Budget Systems: Budgeting in ASEAN Countries’ 17. F. Goldman and E. Brashares (1991), ‘Performance and Accountability: Budget Reform in New Zealand.’ 18. E.Z. Goñi (1992), ‘Financial Management Development in Spain: Who is Playing Sancho Panza?’ 19. M. Keating and M. Holmes (1990), ‘Australia’s Budgetary and Financial Management Reforms’ 20. C. Thain and M. Wright (1992), ‘Planning and Controlling Public Expenditure in the UK, Part I: The Treasury’s Public Expenditure Survey’, and ‘Part II: The Effects and Effectiveness of the Survey’ 21. D.J. Savoie (1990), ‘Reforming the Expenditure Budget Process:The Canadian Experience’ Part V: Implementing the Expenditure Budget 22. A. Schick (1990), ‘Budgeting for Results: Recent Developments in Five Industrialized Countries’ 23. A. Gray, B. Jenkins with A. Flynn and B. Rutherford (1991), ‘The Management of Change in Whitehall: The Experience of the FMI’ 24. N. Carter (1991), ‘Learning to Measure Performance: The Use of Indicators in Organizations’ 25. W. Bartley Hildreth (1993), ‘Federal Financial Management Control Systems: An Integrative Framework’ 26. N. Adams (1986), ‘Efficiency Auditing in the Australian Audit Office’ Name Index

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Book SynopsisThis book presents the most important published articles of Martin Shubik who has made a path-breaking contribution to game theory and political economy. The volume shows how game theory can be used to explore fundamental problems in economics, political science and operations research.The book opens with an introduction to the career of Martin Shubik and the influences which have shaped his research. In this, and the chapters which follow, Martin Shubik stresses the importance of formulative models as playable games and the treatment of information to describe decision making among individuals, using examples from industrial organization. He demonstrates that games are a fruitful way to extend our knowledge of competition among the few. In addition, he considers the importance of gaming in economics and business suggesting that experimental games can be used to illustrate problems and principles in multi-person decision making.This book will be welcomed by economists, game theorists, political scientists, and operations researchers.Trade Review'Martin Shubik has been one of the great pioneers in the application of game theory to economic problems. His work sheds considerable light on fundamental institutions such as the price system and money.'Table of ContentsContents: Introduction Part I: Political Economy Part II: Oligopoly Part III: Gaming Part IV: Game Theory and Operations Research Index

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Book SynopsisThe Chinese Economy in Transition provides an analysis of the economic reforms introduced under Deng Xiaoping. It attempts to answer the question: what was the economic system that the Chinese were trying to reform and what approach have they adopted to reform it?Whilst the book focuses primarily on economic issues, it also explores the political and social environment and concentrates on three broad areas of the Chinese economy: agriculture, industry and macroeconomic management. Within these broad areas the focus is on two major themes: competition and cooperation, and central authority and regional autonomy. This book will be of special interest to senior undergraduate and postgraduate economics students, academics and China analysts.Trade Review'I am grateful for the fact that some of the insights I have always wanted to use in my teaching and research are finally available in this good work.'Table of ContentsContents: 1. Introduction 2. Financing Rapid Growth: Price Scissors in China 3. Organization of Agriculture 4. Industry 5. Regional Property Rights and the Impact of Fiscal Policy 6. Monetary Policy 7. Gradualism in China’s Economic Reform Index

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Book SynopsisThese three volumes include 46 articles which together provide a history of empirical evidence on growth. It consists of six parts dealing with pioneers in measuring growth, international comparisons of income, output and expenditure, growth accounting and productivity, convergence and divergence, agricultural development and industrialization, and capital and technical change. In the selection of articles there has been a strong emphasis on long run growth and on major scholars such as Abramovitz, Chenery, Clark, Crafts, Denison, Kendrick, Kravis, Kuznets and Maddison. They are intended to give a balanced representation of the main issues in each subfield, and to provide a reasonable account of the evolution of the empirical literature on growth.Table of ContentsContents: Volume I: Part I: Pioneers in Measurement Part II: International Comparisons of Income, Output and Expenditure • Volume II: Part I: Growth Accounting and Productivity Part II: Convergence and Divergence • Volume III: Part I: Agricultural Development, Industrialisation and Economic Growth Part II: Capital, Technology and Growth 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 SynopsisAsian Economies in Transition analyses and evaluates the experience of the eleven Asian economies undertaking the transition from central planning to a more market-oriented approach.China, Indochina, Mongolia, Azerbaijan and the Central Asian Republics are the focus of Richard Pomfret's book which begins with a detailed discussion of the Chinese model of transition highlighting its failures as well as its successes. Vietnam's experience, while offering the closest parallel to China's reform strategy, is shown by the author to contain more explicit macroeconomic policy reforms and greater practical attention to the problem of inefficient state enterprises. Dr Pomfret also discusses the less happy experience of the Asian republics of the former Soviet Union, the break-up of the rouble zone, and the interesting counterpoint provided by the Mongolian economy. The Tumen River project is also examined as an example of cooperation between reformed and non-reformed Socialist economies.Trade Review'It affords a very valuable insight into the strengths and weaknesses affecting change in the concerned countries.'Table of ContentsContents: Preface 1. The Asian Transition Economies 2. Economic Reform in China,1978–94 3. Direct Foreign Investment in China 4. Financial Reform in China 5. Economic Reform in Indochina 6. Mongolia’s Economic Reforms 7. The Central Asian Republics 8. Azerbaijan 9. The Decision to Use the Ruble or to Issue National Currencies 10. The Tumen River Project: Cooperation among Reformed and non-Reformed Socialist Economies 11. Lessons from China for other Transition Economies References 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 SynopsisThis pioneering study shows that economic integration in the Americas is not simply a matter of removing trade barriers. Economic Integration in the Americas addresses the pervasive effects of economic integration on the economy as a whole.This important book examines elements of financial integration and capital mobility in North America and addresses in turn the effects of the North American Free Trade Association on Mexico, comparisons between NAFTA and the European Union, the impact of NAFTA on issues such as social protection, migration and Canadian agricultural policy, and finally, regionalism and multilateralism in the Western hemisphere. While drawing on the experience of European integration, the authors recognize that new, broader analyses are required in the Western hemisphere to allow for the ranges of country size, natural resource endowments and per capita incomes. Sensitive to the political interests involved in economic integration between unequal partners, Economic Integration in the Americas offers students, researchers and policymakers a better understanding of policy at both national and supranational levels.Trade Review'This collection will be well worth reading for those interested in problems and consequences of closer economic integration in North America. It will add to the understanding by those in Europe of the problems of integration between large and small countries and countries with great disparities in income and wealth. The inclusion of several chapters on Mexico is particularly illuminating.' -- David G. Mayes, The Economic JournalTable of ContentsContents: Foreword (R.Eckaus) Acknowledgements Introduction Part I: Aspects of Financial Integration and Capital Mobility in North America Part II: Mexico under NAFTA Part III: NAFTA and the European Union Compared Part V: Issues of Economic Integration : NAFTA and Beyond Part V: Regionalism vs Multilateralism: The Western Hemisphere Index

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Book SynopsisWomen and Market Societies explores the problems and possibilities for women which arise from the transition to a market economy in East Asia, the dismantling of state socialism in Eastern Europe and the restructuring of the economies and welfare states of the older capitalist market societies in Western Europe. Questioning whether the global trend towards market economics will constrain or enhance women's opportunities, this innovative interdisciplinary volume also looks at the consequences for women as workers, and beyond that to the social and cultural implications. A distinguished group of scholars - from China, Hong Kong, South Korea and Europe - explores the issues which must be addressed before women can create a more empowering politics. Such issues include the continuing tensions between paid work in the market and unpaid work in the family and the extent to which Eastern or Western legislative frameworks, providing rights and benefits, have eased or exacerbated these tensions. The paradoxical effects of modernising housework, the power and contestibility of global media representations of femininity, the experience of building a women's politics around consumption are all themes explored in this book which aims to contribute to an East-West dialogue among women.Trade Review'Women in Market Societies provides an interesting read on issues central to feminist economics. Although this book was originally published in 1995, the issues remain relevant and the analysis continues to provide texture for continuing changes in established and emerging market societies. . . The book does not claim to provide 'definitive conclusions, but [aims] to create an agenda for ongoing research and discussion' (p.1). Eight years later, this agenda still poses the key questions for those interested in the influence of market institutions on women's lives, and no other book published in the intervening years has pulled together such a broad range of issues with a focus on the intersection of market and gender studies.' -- Barbara E Hopkins, Feminist EconomicsTable of ContentsContents: Preface Introduction Part I: Consumption and Women’s Politics: Past Experiences Part II: Modernizing Domestic Spaces: Liberating Women? Part III: Cultural Representations and Resistances Part IV: Crisis in Western Market Societies Part V: Problematic Transitions to Market Societies in the East

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