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The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a `pluralistic' heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Regulation theory; the Social Structure ...
The Routledge Handbook of Heterodox Economics: Theorizing, Analyzing, and Transforming Capitalism
The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a `pluralistic' heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Regulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both `heat and light' on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.
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57.700000 USD
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In the economic debate, power is defined and studied mainly as an interpersonal relation occurring out of perfect competition. This is a consequence of the combination of methodological individualism and the assumption of competition as a natural and everlasting coordinating mechanism, operating without any sort of coercion. This methodology, however, ...
Economics and Power: A Marxist Critique
In the economic debate, power is defined and studied mainly as an interpersonal relation occurring out of perfect competition. This is a consequence of the combination of methodological individualism and the assumption of competition as a natural and everlasting coordinating mechanism, operating without any sort of coercion. This methodology, however, is not adequate to analyze the forms of social coercion that characterize capitalism. Economics and Power criticizes the main theories of power developed in economic literature, analyzing ultraliberal contractualism to radical political economics, and ultimately suggesting a Marxist conception of power and coercion in capitalism. Palermo's ontological argument is rooted in the philosophy of `critical realism'.This unique volume presents his main finding as being that the essential coercive mechanism of capitalism is competition. Capitalist power is not caused by a lack of competition, but by the central role it plays in this mode of production. Following this, the chapters reconstruct a Marxian conception of power where it is analyzed as a social relation and argues that perfect competition does in fact exist under the disguise of capitalist power. This book criticizes the construct of power and the underlying ideas surrounding perfect competition. This book is of interest to those who study political economy, as well as economic theory and philosophy.
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52.450000 USD
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Purity condemns filth; piety disparages corruption. Amassing riches offered to a transcendental world, the priests of ancient faiths found themselves trapped in contradiction. By loaning out their resources to merchants, they made themselves pariahs to true prophets. Before Islam squared the circle, bringing capital mobility and credit creation into coexistence ...
Capitalism and Religion in World History: Purification and Progress
Purity condemns filth; piety disparages corruption. Amassing riches offered to a transcendental world, the priests of ancient faiths found themselves trapped in contradiction. By loaning out their resources to merchants, they made themselves pariahs to true prophets. Before Islam squared the circle, bringing capital mobility and credit creation into coexistence with devotion, religion stymied merchant capitalism. Spread through trade, Islam's innovations in commerce soothed the path to coexistence of credit and faith globally. Had a second form of capitalism - technological capitalism - not emerged, binding science to innovation, harmony between faith and capitalism would have prevailed. However, scientific advances deepen on empirical evidence that is buttressed by critical debate, which is anathema to powerful elites in countries saturated with religious nationalism. Consequently, easy cooperation between capitalism and religion is blocked in these lands, and so their potential for economic progress withers. Thus, many of these states, trapped in the invidious stranglehold of religion, are condemned to sustained poverty.
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66.100000 USD
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Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it will leave readers better able to understand and analyse the complex behaviours of consumers, firms, and government officials, as ...
Microeconomic Principles and Problems: A Pluralist Introduction
Microeconomic Principles and Problems offers a comprehensive introduction to all major perspectives in modern economics, including mainstream and heterodox approaches. Through providing multiple views of markets and how they work, it will leave readers better able to understand and analyse the complex behaviours of consumers, firms, and government officials, as well as the likely impact of a variety of economic events and policies. Most principles of microeconomics textbooks cover only mainstream economics, ignoring rich heterodox ideas. They also lack material on the great economists, including the important ideas of Adam Smith, Karl Marx, Thorstein Veblen, John Maynard Keynes and Friedrich Hayek. Mainstream books neglect the kind of historical analysis that is crucial to understanding trends that help us predict the future. Moreover, they focus on abstract models more than existing economic realities. This engaging book addresses these inadequacies. Including explicit coverage of the major heterodox schools of thought, it allows the reader to choose which ideas they find most compelling in explaining modern economic realities. Written in an engaging style focused on real world examples, this ground-breaking book brings economics to life. It offers the most contemporary and complete package for any pluralistic microeconomics class.
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83.950000 USD
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Originally published in 1929. This balanced combination of fieldwork, statistical measurement, and realistic applications shows a synthesis of economics and political science in a conception of an organic relationship between the two sciences that involves functional analysis, institutional interpretation, and a more workmanlike approach to questions of organization such as ...
The Statistical Method in Economics and Political Science: A Treatise on the Quantitative and Institutional Approach to Social and Industrial Problems
Originally published in 1929. This balanced combination of fieldwork, statistical measurement, and realistic applications shows a synthesis of economics and political science in a conception of an organic relationship between the two sciences that involves functional analysis, institutional interpretation, and a more workmanlike approach to questions of organization such as division of labour and the control of industry. The treatise applies the test of fact through statistical analysis to economic and political theories for the quantitative and institutional approach in solving social and industrial problems. It constructs a framework of concepts, combining both economic and political theory, to systematically produce an original statement in general terms of the principles and methods for statistical fieldwork. The separation into Parts allows selective reading for the methods of statistical measurement; the principles and fallacies of applying these measures to economic and political fields; and the resultant construction of a statistical economics and politics. Basic statistical concepts are described for application, with each method of statistical measurement illustrated with instances relevant to the economic and political theory discussed and a statistical glossary is included.
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57.700000 USD
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Originally published in 1970. Input-output analysis has been described as the lynch-pin of modern economic planning . Its purpose is to trace the consequences of any economic change through each sector of the economy; to measure, for example, the effects of an increase in fuel tax on the price of ...
Input-Output in the United Kingdom: Proceedings of the 1968 Manchester Conference
Originally published in 1970. Input-output analysis has been described as the lynch-pin of modern economic planning . Its purpose is to trace the consequences of any economic change through each sector of the economy; to measure, for example, the effects of an increase in fuel tax on the price of food, or of an expansion in car production on the country's import bill. This kind of knowledge is clearly essential for making economic predictions. This book presents the proceedings of the 1968 Manchester Conference including six outline papers, each followed by discussion, and several summaries of ongoing and proposed research which were added afterwards. The speakers and participants constituted a representative sample of persons from Industry and Commerce, as well as the Universities and the Civil Service.
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41.950000 USD
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David Ricardo's theories were introduced in fragments in Japan after the Meiji restoration of 1868 and his work came into prominence late in comparison to other major thinkers figuring in the history of economic thought. The book seeks to analyse the studies in Japan from the year 1920 to the ...
Ricardo and the History of Japanese Economic Thought: A selection of Ricardo studies in Japan during the interwar period
David Ricardo's theories were introduced in fragments in Japan after the Meiji restoration of 1868 and his work came into prominence late in comparison to other major thinkers figuring in the history of economic thought. The book seeks to analyse the studies in Japan from the year 1920 to the end of the 1930s - during the time before the outbreak of the Second World War, when even the study of classical economics became difficult. The book covers different aspects of his works and contains elements which may be interesting to foreign and even Japanese readers today without necessarily coming under the influence of Marx's reading. It presents works on Ricardo that are at present, wholly unknown to the Ricardo scholars and more generally to the historians of economic thought outside Japan. This book is an essential read on the history of economic thought in Japan.
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49.300000 USD
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Capitalism has made rationality into a pervasive feature of human action and yet, far from heralding a loss of emotionality, capitalist culture has been accompanied with an unprecedented intensification of emotional life. This raises the question: how could we have become increasingly rationalized and more intensely emotional? Emotions as Commodities ...
Emotions as Commodities: Capitalism, Consumption and Authenticity
Capitalism has made rationality into a pervasive feature of human action and yet, far from heralding a loss of emotionality, capitalist culture has been accompanied with an unprecedented intensification of emotional life. This raises the question: how could we have become increasingly rationalized and more intensely emotional? Emotions as Commodities offers a simple hypothesis: that consumer acts and emotional life have become closely and inseparably intertwined with each other, each one defining and enabling the other. Commodities facilitate the experience of emotions, and so emotions are converted into commodities. The contributors of this volume present the co-production of emotions and commodities as a new type of commodity that has gone unseen and unanalyzed by theories of consumption - emodity. Indeed, this innovative book explores how emodity includes atmospherical or mood-producing commodities, relation-marking commodities and mental commodities, all of which the purpose it is to change and improve the self. Analysing a variety of modern day situations such as emotional management through music, creation of urban sexual atmospheres and emotional transformation through psychotherapy, Emotions as Commodities will appeal to scholars, postgraduate students and postdoctoral researchers interested in fields such as Sociology, Cultural Studies, Marketing, Anthropology and Consumer Studies.
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68.80 USD

Emotions as Commodities: Capitalism, Consumption and Authenticity

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David Ricardo's theories have been widely studied and discussed, including the prominent theory on comparative advantage. Ricardo and International Trade looks at the ongoing renaissance of the Ricardian international trade theory. The book's interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the ...
Ricardo and International Trade
David Ricardo's theories have been widely studied and discussed, including the prominent theory on comparative advantage. Ricardo and International Trade looks at the ongoing renaissance of the Ricardian international trade theory. The book's interpretation brings fresh insights into and new developments on the Ricardian international trade theory by examining the true meaning of the `four magic numbers'. By putting together theories of comparative advantage and international money, the book attempts to elucidate Ricardo's international trade theory in the real world. This book also features contributions from the Japanese perspective and compares Ricardian theories with those of his contemporaries, such as Malthus, Torrens and J. S. Mill. This book will be a valuable reference for researchers and scholars with interests in history of economic thought and international economics.
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49.300000 USD
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This title was first published in 2002: There are few students of European economic history who will not have come across the writings of Derek H. Aldcroft. His contributions to the field of economic and social history are vast and distinguish him as one of the most prolific economic historians ...
Studies in Economic and Social History: Essays Presented to Professor Derek Aldcroft
This title was first published in 2002: There are few students of European economic history who will not have come across the writings of Derek H. Aldcroft. His contributions to the field of economic and social history are vast and distinguish him as one of the most prolific economic historians of the 20th century. This volume honours Derek's contribution to the literature of economic and social history and its contents reflect his wide-ranging interests, particularly on issues relating to transport history and the growth and structural change in economies. From transport in the Industrial Revolution to late 20th-century international financial architecture, the essays in this book, contributed by leading economic historians, are a tribute to a remarkable scholar.
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44.050000 USD
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Taking a new approach to the study of cross-cultural trade, this book blends archival research with historical narrative and economic analysis to understand how the Sephardic Jews of Livorno, Tuscany, traded in regions near and far in the seventeenth and eighteenth centuries. Francesca Trivellato tests assumptions about ethnic and religious ...
The Familiarity of Strangers: The Sephardic Diaspora, Livorno, and Cross-Cultural Trade in the Early Modern Period
Taking a new approach to the study of cross-cultural trade, this book blends archival research with historical narrative and economic analysis to understand how the Sephardic Jews of Livorno, Tuscany, traded in regions near and far in the seventeenth and eighteenth centuries. Francesca Trivellato tests assumptions about ethnic and religious trading diasporas and networks of exchange and trust. Her extensive research in international archives-including a vast cache of merchants' letters written between 1704 and 1746-reveals a more nuanced view of the business relations between Jews and non-Jews across the Mediterranean, Atlantic Europe, and the Indian Ocean than ever before. The book argues that cross-cultural trade was predicated on and generated familiarity among strangers, but could coexist easily with religious prejudice. It analyzes instances in which business cooperation among coreligionists and between strangers relied on language, customary norms, and social networks more than the progressive rise of state and legal institutions.
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47.250000 USD
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Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and ...
The Oxford Handbook of Adam Smith
Adam Smith (1723-90) is a thinker with a distinctive perspective on human behaviour and social institutions. He is best known as the author of the An Inquiry into the Nature and Causes of the Wealth of Nations (1776). Yet his work is name-checked more often than it is read and then typically it is of an uninformed nature; that he is an apologist for capitalism, a forceful promoter of self-interest, a defender of greed and a critic of any 'interference' in market transactions. To offset this caricature, this Handbook provides an informed portrait. Drawing on the expertise of leading Smith scholars from around the world, it reflects the depth and breadth of Smith's intellectual interests. After an introductory outline chapter on Smith's life and times, the volume comprises 28 new essays divided into seven parts. Five sections are devoted to particular themes in Smith's corpus - his views on Language, Art and Culture; his Moral Philosophy; his Economic thought, his discussions of History and Politics and his analyses of Social Relations. These five parts are framed by one that focuses on the immediate and proximate sources of his thought and the final one that recognizes Smith's status as a thinker of world-historical significance - indicating both his posthumous impact and influence and his contemporary resonance. While each chapter is a discrete contribution to scholarship, the Handbook comprises a composite whole to enable the full range of Smith's work to be appreciated.
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52.500000 USD

The Oxford Handbook of Adam Smith

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Hailed a an outstanding contribution to our knowledge of the way in which western economies work [Times Literary Supplement], this penetrating study of economic growth compares and analyzes tic rates of economic advance in the twelve leading countries that comprise the industrial West. Mr. Maddison examines why, after relative stagnation ...
Economic Growth in the West: Comparative Experience in Europe and North America
Hailed a an outstanding contribution to our knowledge of the way in which western economies work [Times Literary Supplement], this penetrating study of economic growth compares and analyzes tic rates of economic advance in the twelve leading countries that comprise the industrial West. Mr. Maddison examines why, after relative stagnation for several decades, the rate of economic development accelerated in continental Europe in the 1950's, whether this represented a new economic pattern which could be maintained or was only a passing phase of recovery after World War II. He observes that the economies of North America and the United Kingdom seemed by comparison almost to stand still, and he explores the influence of economic policy on the differing growth rates, and the growth potentials and desirable lines of policy in the industrial West. He then discusses the major powers' policy problems, whose outcome so closely affects the developing nations. Mr. Maddison presents basic statistical series, going back to 1870 in most cases, on gross national products, productivity, population, labor force, employment, working hours, investment and capital-output ratios. He draws upon this rich fund of comparative statistics with skill and insight, relating it throughout to the broad questions of economic policy which are at issue. This classic book was first published in 1964.
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60.850000 USD
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This detailed volume explores the role and actions of economists in US, Japanese and various European parliaments in the critical period between 1848 and 1920. Featuring chapters written by an international array of contributors from both economics and history, the book provides fascinating insights into the parliamentary life in the ...
Economists in Parliament in the Liberal Age: (1848-1920)
This detailed volume explores the role and actions of economists in US, Japanese and various European parliaments in the critical period between 1848 and 1920. Featuring chapters written by an international array of contributors from both economics and history, the book provides fascinating insights into the parliamentary life in the period. It highlights the often pivotal role of economists within each administration; examines their influence on policy making, their relationships with other MPs, civil servants, external economic associations and looks at the influence of public opinion on economic policy. The book also discusses the nature of the economic discourse practised in the parliamentary arena, considering the complex relationships between science and practice, and between politics and political economy in light of the evolution of economics during this period. The book is the first of its kind to provide a comparative framework for analysis, and will appeal to economists and historians alike.
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62.950000 USD
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This book aims to start a debate on the relationship between economic theory - and more precisely business cycle theory - and economic policy, emphasising the diversity of views on economic policy which characterised older periods, in contrast to the homogeneity of the analysis and diagnosis provided by current business ...
Business cycle theory as a basis for economic policy
This book aims to start a debate on the relationship between economic theory - and more precisely business cycle theory - and economic policy, emphasising the diversity of views on economic policy which characterised older periods, in contrast to the homogeneity of the analysis and diagnosis provided by current business cycles developments. Since the 1970s, economic theorists excluding any economic policy interventions and favouring strictly supply-side economic policies have gained a growing influence. The development of Equilibrium Business Cycles theories coincides with the collapse, at least in academic circles, of the Keynesian consensus favouring stabilization policies. The alternative approach which emerged was based on an a priori hypothesis about the stability of the economy - or at least on its remarkable ability to stabilize itself. The direct consequence of this approach is that any stabilization objective for economic policy is not only misguided but also inefficient. There are many reasons why Keynesian policies ceased to be dominant in theoretical circles, but the most helpful circumstances for the rapid propagation of a new revolutionary theory is certainly the existence of an established orthodoxy, clearly inconsistent with the most salient facts of reality. This book offers a sample of different theoretical approaches to business cycles, examining their respective views on economic policy with the objective of understanding business cycles that have been lost, and identifying those views which explain fluctuations and the way we conceive economic policy. This book was originally published as a special issue of The European Journal of the History of Economic Thought.
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54.550000 USD
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The interventions of crisis management during the 2007 to 2011 financial crisis were not simply responses to a set of given developments in markets, banking or neo-liberal capitalism. Nor can those interventions be adequately explained as the actions of sovereign state officials and institutions. Instead, Langley argues, processes of crisis ...
Liquidity Lost: The Governance of the Global Financial Crisis
The interventions of crisis management during the 2007 to 2011 financial crisis were not simply responses to a set of given developments in markets, banking or neo-liberal capitalism. Nor can those interventions be adequately explained as the actions of sovereign state officials and institutions. Instead, Langley argues, processes of crisis governance are shown to have established six principal technical problems to be acted upon: liquidity, toxicity, solvency, risk, regulation, and debt and that the governance of these technical problems, is shown to have been strategically assembled in order to secure the continuation of a particular, financialized way of life that depends upon global financial circulations. Contributing to interdisciplinary debates in cultural economy and the social studies of finance, and grounded in extensive empirical research, this book offers an innovative analysis of how the contemporary global financial crisis was governed. Through an exploration of the interventions made by central banks, treasuries, and regulatory authorities in the Anglo-American heartland of the crisis between 2007 and 2011, experimental and strategic apparatuses of crisis governance are shown to have emerged. These discrete apparatuses established the six technical problems to be acted upon, but also shared certain proclivities and preferences. Crisis governance assembled discourses and devices of economy in relation with sovereign monetary, fiscal, and regulatory techniques, and elicited an affective atmosphere of confidence. It also sought to secure the financialized way of life which turns on the opportunities ostensibly afforded by uncertain financial circulations, and gave rise to post-crisis technical fixes designed to advance the resilience of banking and the macro-prudential regulation of financial stability. Thus, the consensus that prevails across economics, political economy, and beyond - wherein sovereign state institutions are cast as coming to the rescue of the markets, banking, or neo-liberal capitalism - conceals a great deal more than it reveals about the governance of the global financial crisis.
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47.200000 USD
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America's debt is in the trillions--and yet, like those who worry about borrowing five dollars but not about their unaffordable mortgage, Americans fail to pay attention to this serious situation. The press hovers over annual budgets and the associated deficits (and rare surpluses), but pays little attention to the national ...
The National Debt of the United States, 1941 to 2008
America's debt is in the trillions--and yet, like those who worry about borrowing five dollars but not about their unaffordable mortgage, Americans fail to pay attention to this serious situation. The press hovers over annual budgets and the associated deficits (and rare surpluses), but pays little attention to the national debt and even less to the interest spent serving it. Federal politicians seem as powerless to control the debt as they are uninformed about its nature. After tracing fluctuations in the finances of the country from its beginning until 1940, this book examines the administrations of the next 12 presidents (FDR through George W. Bush) and the annual budget deficits and interest expenses that fed the national debt. The startup debt of each administration is shown; then the change in debt through the end of the administration is analyzed to show what areas of government incurred overspending and how much was overspent. Also included are brief biographies of each president, and discussions of foreign and domestic situations, including judicial decisions and sociological changes, that affected fiscal policies and fueled the urge to overspend.
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42.77 USD
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This book provides a comprehensive overview of the development of economics from its beginnings, at the end of the Middle Ages, up to contemporary developments, including a number of significant contributions of the 1980s. The economic thought of the last 50 years has been given particular attention to reflect the ...
An Outline of the History of Economic Thought
This book provides a comprehensive overview of the development of economics from its beginnings, at the end of the Middle Ages, up to contemporary developments, including a number of significant contributions of the 1980s. The economic thought of the last 50 years has been given particular attention to reflect the remarkable growth in research accomplished during this period. The authors present traditional as well as modern theories as part of a historical process. Thus they have not only surveyed economic thought from a theoretical perspective, but have also reconstructed the intellectual climate from which new economic theories have emerged. The book therefore takes a history-of-ideas approach, whose principal aims consist, on the one hand, of understanding the context in which the ideas are formed, and, on the other, of explaining how the fundamental ideas lead to the creation of particular theoretical systems.
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51.27 USD

An Outline of the History of Economic Thought

by Stefano Zamagni, Ernesto Screpanti
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