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'Really made me think about how I think' - Mohsin Hamid, author of Exit West Tough times don't last. Tough people do. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. Here Taleb stands uncer-tainty on its head, making it ...
Antifragile: Things that Gain from Disorder
'Really made me think about how I think' - Mohsin Hamid, author of Exit West Tough times don't last. Tough people do. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. Here Taleb stands uncer-tainty on its head, making it desirable, even necessary. The antifragile is beyond the resilient or robust. The resil-ient resists shocks and stays the same; the antifragile gets better and better. Just as human bones get stronger when subjected to stress and tension, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls antifragile are things that not only gain from chaos but need it in order to survive and flourish. Antifragile is a blueprint for living in a Black Swan world. Erudite, witty, and iconoclastic, Taleb's message is revolutionary: the antifragile, and only the antifragile, will make it. 'The hottest thinker in the world' Bryan Appleyard, Sunday Times
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16.59 USD

Antifragile: Things that Gain from Disorder

by Nassim Nicholas Taleb
Paperback / softback
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This book provides numerous examples that apply the modern theory of bureaucracy developed in Breton and Wintrobe (1982 and 1986) to the Nazi Holocaust. More specifically, the book argues, as do Breton and Wintrobe (1986), that the subordinates in the Nazi bureaucracy were not following orders as they claimed during ...
A Terrible Efficiency: Entrepreneurial Bureaucrats and the Nazi Holocaust
This book provides numerous examples that apply the modern theory of bureaucracy developed in Breton and Wintrobe (1982 and 1986) to the Nazi Holocaust. More specifically, the book argues, as do Breton and Wintrobe (1986), that the subordinates in the Nazi bureaucracy were not following orders as they claimed during the war crimes trials at Nuremberg and elsewhere, but were instead exhibiting an entrepreneurial spirit in competing with one another in order to find the most efficient way of exacting the Final Solution. This involved engaging in a process of exchange with their superiors, wherein the subordinates offered the kinds of informal services that are not codified in formal contracts. In doing so, they were competing for the rewards, or informal payments not codified in formal contracts, that were conferred by those at the top of the bureaucracy. These came in the form of rapid promotion, perquisites (pecuniary and in-kind), and other awards. The types of exchanges described above are based on trust, not formal institutions.
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62.990000 USD

A Terrible Efficiency: Entrepreneurial Bureaucrats and the Nazi Holocaust

by Franklin G Mixon, Jr.
Hardback
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Governance matters for social welfare. Better governed countries are richer, happier and have fewer social and environmental problems. Good governance implies that public sector agents act impartially. It manifests itself in the form of equality before the law, an independent and professional public administration and the control of corruption. This ...
Inequality and Governance
Governance matters for social welfare. Better governed countries are richer, happier and have fewer social and environmental problems. Good governance implies that public sector agents act impartially. It manifests itself in the form of equality before the law, an independent and professional public administration and the control of corruption. This book considers how economic inequality - both interpersonal and interethnic - can affect the quality of governance. To this end, it brings together insights from three different perspectives. First, a long-run historical one that exploits anthropological data on pre-industrial societies. Second, based on experimental work conducted by social psychologists and behavioural economists. Third, through cross-country empirical analysis drawn from a large sample of contemporary societies. The long-run perspective relates the inequality-governance relationship to societal responses in the face of uncertainty - responses that persist today in the guise of cultural traits that vary across countries. The experimental evidence deepens our understanding of human behaviour in unequal settings and in different governance contexts. Together, the long-run perspective and the experimental evidence help inform the cross-country analysis of the impact of economic inequality on governance. This analysis suggests the importance of both economic inequality and culture for the quality of governance and yields several policy implications.
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223.16 USD

Inequality and Governance

by Andreas P. Kyriacou
Hardback
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This volume presents five new studies on taxation and government transfer programs. Alexander Blocker, Laurence Kotlikoff, Stephen Ross, and Sergio Villar Vallenas show how asset pricing can be used to value implicit fiscal debts, which are currently rarely measured or adjusted for risk, while accounting for risk properties. They apply ...
Tax Policy and the Economy, Volume 33
This volume presents five new studies on taxation and government transfer programs. Alexander Blocker, Laurence Kotlikoff, Stephen Ross, and Sergio Villar Vallenas show how asset pricing can be used to value implicit fiscal debts, which are currently rarely measured or adjusted for risk, while accounting for risk properties. They apply their methodology to study Social Security. Michelle Hanson, Jeffrey Hoopes, and Joel Slemrod examine the effects of the Tax Cuts and Jobs Act on corporation behavior and on firms' statements about their behavior. They focus on for four outcomes: bonuses, investment, share repurchases, and dividends. Scott Baker, Lorenz Kueng, Leslie McGranahan, and Brian Melzer explore whether unconventional fiscal policy in the form of pre-announced consumption tax changes can shift durables purchases intertemporally, how it such shifts are affected by consumer credit. Alan Auerbach discusses tax equivalences, disparate sets of policies that have the same economic effects, and also illustrates when these equivalences break down. Jeffrey Liebman and Daniel Ramsey use data from NBER's TAXSIM model to investigate the equity implications of a switch from joint to independent taxation that could occur in conjunction with adoption of return-free tax filing.
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63.000000 USD

Tax Policy and the Economy, Volume 33

Hardback
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In this timely book, Walter E. Block uses classical liberal theory to defend private property rights. Looking at how free enterprise, capitalism and libertarianism are cornerstones of economically prosperous civilizations, Block highlights why private property rights are crucial. Discussing philosophy, libertarian property rights theory, reparations and other property rights issues, ...
Property Rights: The Argument for Privatization
In this timely book, Walter E. Block uses classical liberal theory to defend private property rights. Looking at how free enterprise, capitalism and libertarianism are cornerstones of economically prosperous civilizations, Block highlights why private property rights are crucial. Discussing philosophy, libertarian property rights theory, reparations and other property rights issues, this volume is of interest to academics, students, journalists and all those interested in this integral aspect of political economic philosophy.
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125.990000 USD

Property Rights: The Argument for Privatization

by Walter E Block
Hardback
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The modern school of Austrian economics took shape in the 1970s, and reflects the social science questions of its time. Is it still relevant today, considering that the theories that drive contemporary social science have evolved dramatically over the past few decades? While Austrian concerns such as property rights and ...
Assessing Austrian Economics
The modern school of Austrian economics took shape in the 1970s, and reflects the social science questions of its time. Is it still relevant today, considering that the theories that drive contemporary social science have evolved dramatically over the past few decades? While Austrian concerns such as property rights and imperfect cognition have become more common, other aspects of the Austrian thought are even more idiosyncratic than ever. In the ten chapters included here, leading economists explore whether Austrian economics still has unique insights to offer the world of today. Starting with Peter Boettke's lead essay, What is Wrong with Austrian Economics? , chapters include an array of perspectives responding to this question, ranging from economics, to intellectual history, to political science, and to philosophy. At the end of the volume, Boettke offers a rejoinder, asking, What is Right About Austrian Economics? Together, these essays explore the barriers to the spread of Austrian ideas, ask which disciplines might be receptive to them, examine the role of ideology and funding in helping and hindering the school, and consider the advantages and disadvantages of different strategies for expanding engagement with other scholars.
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130.18 USD

Assessing Austrian Economics

Hardback
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Chattopadhyay convincingly shows that Marx's conception of socialism bears little resemblance to the single-party states often termed socialist.
Socialism and Commodity Production: Essay in Marx Revival
Chattopadhyay convincingly shows that Marx's conception of socialism bears little resemblance to the single-party states often termed socialist.
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29.400000 USD

Socialism and Commodity Production: Essay in Marx Revival

by Paresh Chattopadhyay
Paperback / softback
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This book deals with the quest for a divided welfare state in Sweden. The prime example is the rapid rise of private health insurance, which now constitutes a parallel system characterized by state subsidies for some and not for others. This functions as a kind of reverse means-testing, whereby primarily ...
The Quest for a Divided Welfare State: Sweden in the Era of Privatization
This book deals with the quest for a divided welfare state in Sweden. The prime example is the rapid rise of private health insurance, which now constitutes a parallel system characterized by state subsidies for some and not for others. This functions as a kind of reverse means-testing, whereby primarily the upper classes get state support for new types of welfare consumption. Innovatively, Lapidus explains how such a parallel system requires not only direct and statutory state support but also indirect support, for example, from infrastructure built for the public health system. He goes on to examine how semi-private welfare funding is dependent on private provision and how the so-called 'hidden welfare state' gradually erodes the visible and former universal welfare state model, in direct contrast to its own stated goals. Who benefits from privatized welfare? How are the privatization of delivery and the privatization of funding linked? How does this impact public willingness to pay tax? All of these questions and more are discussed in this accessible volume.
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104.990000 USD

The Quest for a Divided Welfare State: Sweden in the Era of Privatization

by John Lapidus
Hardback
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FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS 'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our ...
Good Economics for Hard Times: Better Answers to Our Biggest Problems
FROM THE WINNERS OF THE 2019 NOBEL PRIZE IN ECONOMICS 'Wonderfully refreshing . . . A must read' Thomas Piketty In this revolutionary book, prize-winning economists Abhijit V. Banerjee and Esther Duflo show how economics, when done right, can help us solve the thorniest social and political problems of our day. From immigration to inequality, slowing growth to accelerating climate change, we have the resources to address the challenges we face but we are so often blinded by ideology. Original, provocative and urgent, Good Economics for Hard Times offers the new thinking that we need. It builds on cutting-edge research in economics - and years of exploring the most effective solutions to alleviate extreme poverty - to make a persuasive case for an intelligent interventionism and a society built on compassion and respect. A much-needed antidote to polarized discourse, this book shines a light to help us appreciate and understand our precariously balanced world.
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46.49 USD

Good Economics for Hard Times: Better Answers to Our Biggest Problems

by Esther Duflo, Abhijit V Banerjee
Hardback
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Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant ...
Evolutionary Financial Macroeconomics
Thorstein Veblen and Hyman Minsky are seminal thinkers who place great importance on the interaction between processes that link finance and financial markets with economic and social evolution. This book makes a contribution to the recontextualisation of the habitual, non-evolutionary and laissez-faire macroeconomic theory and policy, thus exposing the relevant contribution of the macro-theories of Veblen and Minsky. The book starts with an elucidation of Veblen's cultural theory of insufficient private demand, waste and financial fragility and instability. It shows how speculative and parasitic leverage engenders solvency illusions and risk, pecuniary efficiency, low quality liability structures and socially destructive boom-bust cycles. Minsky's creative destruction liquidity processes and coordination failures of cash flow escalate the aforementioned path-dependent developments and explosive dynamics of capitalist economies. The main themes of the book are the cultural, evolutionary and holistic vision of macroeconomics, the evolving habits of mind, routines and financial institutions, the speculative, manipulated and unstable financial markets, as well as the financial macroeconomic destabilizing effects of pecuniary and parasitic consumption and investment. This book will be of great interest to researchers, intellectuals and students pursuing economics and finance.
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147.000000 USD

Evolutionary Financial Macroeconomics

by Giorgos Argitis
Hardback
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The book discusses the socio-cultural-historical, occupational, educational, employment and discriminatory status of one of the most neglected and marginalised communities: the de-notified tribes or ex-criminal tribes of Telangana and Andhra Pradesh. Based on primary data collected from 14 communities in 11 districts in these states, it discusses the current state ...
Forgotten Communities of Telangana and Andhra Pradesh: A Story of De-notified Tribes
The book discusses the socio-cultural-historical, occupational, educational, employment and discriminatory status of one of the most neglected and marginalised communities: the de-notified tribes or ex-criminal tribes of Telangana and Andhra Pradesh. Based on primary data collected from 14 communities in 11 districts in these states, it discusses the current state of affairs concerning de-notified tribes. There is no accurate and comprehensive information available on the present socio-economic status of these communities, either in the literature or with government agencies. This book provides valuable information on how they are faring in post-independence India since their de-notification from the Criminal Tribes Act, 1871.
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115.490000 USD

Forgotten Communities of Telangana and Andhra Pradesh: A Story of De-notified Tribes

by Vijay Korra
Hardback
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Chinese multinationals have grown in size and increased their global presence dramatically over the last decade. They have emerged as formidable competitors for western incumbents. These firms have instigated profound changes, such as displaced trade and investment flows, new business models, and the emergence of a new geography of global ...
The Era of Chinese Multinationals: Competing for Global Dominance
Chinese multinationals have grown in size and increased their global presence dramatically over the last decade. They have emerged as formidable competitors for western incumbents. These firms have instigated profound changes, such as displaced trade and investment flows, new business models, and the emergence of a new geography of global innovation. In a single volume, The Era of Chinese Multinationals captures the forces driving the disruptive growth of Chinese multinational corporations. Following a presentation of the surge of Chinese companies, the book turns to corporate characteristics of those firms and how they compare with western multinationals in terms of revenues, profits, branding, and business strategy. The book uses data and case studies to depict the relevant issues with the goal of providing insights to global executives on collaborating and competing with Chinese companies.
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104.950000 USD

The Era of Chinese Multinationals: Competing for Global Dominance

by Anne Miroux, Lourdes Casanova
Paperback / softback
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This landmark book describes and analyzes the original contributions Sir Roy Harrod made to fields including microeconomics, macroeconomics, international trade and finance, growth theory, trade cycle analysis and economic methodology. Harrod's prolific writings reflect an astounding and unique intellectual capacity, and a wide range of interests. He became Keynes biographer ...
Roy Harrod
This landmark book describes and analyzes the original contributions Sir Roy Harrod made to fields including microeconomics, macroeconomics, international trade and finance, growth theory, trade cycle analysis and economic methodology. Harrod's prolific writings reflect an astounding and unique intellectual capacity, and a wide range of interests. He became Keynes biographer and wrote a volume on inductive logic. At the policy level, Harrod played a central role in the formulation of the Keynes Clearing Union plan for international monetary reform. He also actively participated in British politics and government and gained recognition as an expert in the field of international economics. Yet, until now, Harrod has remained an underrated economist, commonly misunderstood and misrepresented. This is the first major intellectual biography of Harrod to be published.
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115.500000 USD

Roy Harrod

by Esteban Perez-Caldentey
Hardback
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In the past few decades, and intensified since the global financial crisis of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of this volume is to review the 'state of the art' in heterodox macroeconomics, its strengths and weaknesses ...
Frontiers of Heterodox Macroeconomics
In the past few decades, and intensified since the global financial crisis of August 2007, heterodox macroeconomics has developed apace and its scope has broadened in a number of directions. The purpose of this volume is to review the 'state of the art' in heterodox macroeconomics, its strengths and weaknesses and future directions. Heterodox macroeconomics has broadened its scope through gender macroeconomics, ecological macroeconomics and further incorporated income distribution and inequality into macroeconomics analysis. New macroeconomic models, particularly stock-flow consistent modelling has become a widely used mode of analysis. Money and finance, monetary policy and fiscal policy as well as other policies have been discussed widely. The focus of this edited collection is on all of these issues, with chapters focusing on inflation, ecological sustainability and regulatory policy.
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146.990000 USD

Frontiers of Heterodox Macroeconomics

Hardback
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Volume 40 in the Advances in Econometrics series features twenty-three chapters that are split thematically into two parts. Part A presents novel contributions to the analysis of time series and panel data with applications in macroeconomics, finance, cognitive science and psychology, neuroscience, and labor economics. Part B examines innovations in ...
Topics in Identification, Limited Dependent Variables, Partial Observability, Experimentation, and Flexible Modeling
Volume 40 in the Advances in Econometrics series features twenty-three chapters that are split thematically into two parts. Part A presents novel contributions to the analysis of time series and panel data with applications in macroeconomics, finance, cognitive science and psychology, neuroscience, and labor economics. Part B examines innovations in stochastic frontier analysis, nonparametric and semiparametric modeling and estimation, A/B experiments, big-data analysis, and quantile regression. Individual chapters, written by both distinguished researchers and promising young scholars, cover many important topics in statistical and econometric theory and practice. Papers primarily, though not exclusively, adopt Bayesian methods for estimation and inference, although researchers of all persuasions should find considerable interest in the chapters contained in this work. The volume was prepared to honor the career and research contributions of Professor Dale J. Poirier. For researchers in econometrics, this volume includes the most up-to-date research across a wide range of topics.
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139.47 USD

Topics in Identification, Limited Dependent Variables, Partial Observability, Experimentation, and Flexible Modeling

Hardback
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From one of Washington's most influential voices on economic policy, a lively and original argument that reducing inequality is not just fair but also key to delivering broadly shared economic growth and stability. Do we have to choose between equality and prosperity? Many think that reducing economic inequality would require ...
Unbound: How Inequality Constricts Our Economy and What We Can Do about It
From one of Washington's most influential voices on economic policy, a lively and original argument that reducing inequality is not just fair but also key to delivering broadly shared economic growth and stability. Do we have to choose between equality and prosperity? Many think that reducing economic inequality would require such heavy-handed interference with market forces that it would stifle economic growth. Heather Boushey, one of Washington's most influential economic voices, insists nothing could be further from the truth. Presenting cutting-edge economics with journalistic verve, she shows how rising inequality has become a drag on growth and an impediment to a competitive United States marketplace for employers and employees alike. Boushey argues that inequality undermines growth in three ways. It obstructs the supply of talent, ideas, and capital as wealthy families monopolize the best educational, social, and economic opportunities. It also subverts private competition and public investment. Powerful corporations muscle competitors out of business, in the process costing consumers, suppressing wages, and hobbling innovation, while governments underfund key public goods that make the American Dream possible, from schools to transportation infrastructure to information and communication technology networks. Finally, it distorts consumer demand as stagnant wages and meager workplace benefits rob ordinary people of buying power and pushes the economy toward financial instability. Boushey makes this case with a clear, accessible tour of the best of contemporary economic research, while also injecting a passion for her subject gained through years of research into the economics of work-life conflict and policy work in the trenches of federal government. Unbound exposes deep problems in the U.S. economy, but its conclusion is optimistic. We can preserve the best of our nation's economic and political traditions, and improve on them, by pursuing policies that reduce inequality-and by doing so, boost broadly shared economic growth.
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42.68 USD

Unbound: How Inequality Constricts Our Economy and What We Can Do about It

by Heather Boushey
Hardback
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The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as ...
The Limits of the Market: The Pendulum Between Government and Market
The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?
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31.59 USD

The Limits of the Market: The Pendulum Between Government and Market

by Paul de Grauwe
Paperback / softback
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This book presents a panoramic view of the implications from Richard Easterlin's groundbreaking work on happiness and economics. Contributions in the book show the relevance of the Easterlin Paradox to main areas, such as the relationship between income and happiness, the relationship between economic growth and well-being, conceptions of progress ...
The Economics of Happiness: How the Easterlin Paradox Transformed Our Understanding of Well-Being and Progress
This book presents a panoramic view of the implications from Richard Easterlin's groundbreaking work on happiness and economics. Contributions in the book show the relevance of the Easterlin Paradox to main areas, such as the relationship between income and happiness, the relationship between economic growth and well-being, conceptions of progress and development, design and evaluation of policies for well-being, and the use of happiness research to address welfare economics issues. This book is unique in the sense that it gathers contributions from senior and top researchers in the economics of happiness, whom have played a central role in the consolidation of happiness economics, as well as promising young scholars, showing the current dynamism and consolidation of happiness economics.
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125.990000 USD

The Economics of Happiness: How the Easterlin Paradox Transformed Our Understanding of Well-Being and Progress

Hardback
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Research in the History of Economic Thought and Methodology Volume 37C features a symposium celebrating the centenary of the influential economist and historian of economic thought Robert Heilbroner. Luca Fiorito, Harald Hagemann, Edward Nell, and Steven Pressman contribute to the symposium. The volume also features original general-research contributions from Samuel ...
Including a Symposium on Robert Heilbroner at 100
Research in the History of Economic Thought and Methodology Volume 37C features a symposium celebrating the centenary of the influential economist and historian of economic thought Robert Heilbroner. Luca Fiorito, Harald Hagemann, Edward Nell, and Steven Pressman contribute to the symposium. The volume also features original general-research contributions from Samuel Hollander and Luca Fiorito, as well as a new discovery of material made by Maxime Desmarais-Tremblay and Marianne Johnson from the archives of Richard A. Musgrave.
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130.18 USD

Including a Symposium on Robert Heilbroner at 100

Hardback
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This essential volume selects the key essays of renowned Marxist Feminist, and theorist of social reproduction, Martha E. Gimenez.
Marx, Women, and Capitalist Social Reproduction: Marxist Feminist Essays
This essential volume selects the key essays of renowned Marxist Feminist, and theorist of social reproduction, Martha E. Gimenez.
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29.400000 USD

Marx, Women, and Capitalist Social Reproduction: Marxist Feminist Essays

by Martha E. Gimenez
Paperback / softback
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This volume takes a broad perspective on the recent debate on the role of German ordoliberalism in shaping European economic policy before and after the eurozone crisis. It shows how ordoliberal scholars explain the institutional origins of the eurozone crisis, and presents creative policy proposals for the future of the ...
Ordoliberalism and European Economic Policy: Between Realpolitik and Economic Utopia
This volume takes a broad perspective on the recent debate on the role of German ordoliberalism in shaping European economic policy before and after the eurozone crisis. It shows how ordoliberal scholars explain the institutional origins of the eurozone crisis, and presents creative policy proposals for the future of the European economy. Ordoliberal discourse both attempts to offer political solutions to socioeconomic challenges, and to find an ideal market order that fosters individual freedom and social cohesion. This tension between realpolitik and economic utopia reflects the wider debate on how far economic theory shapes, and is shaped by, historical contingencies and institutions. The volume will be of interest to policymakers as well as research scholars, and graduate students from various disciplines ranging from economics to political science, history, and philosophy.
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147.000000 USD

Ordoliberalism and European Economic Policy: Between Realpolitik and Economic Utopia

Hardback
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This book presents the latest findings on network theory and agent-based modeling of economic and financial phenomena. In this context, the economy is depicted as a complex system consisting of heterogeneous agents that interact through evolving networks; the aggregate behavior of the economy arises out of billions of small-scale interactions ...
Network Theory and Agent-Based Modeling in Economics and Finance
This book presents the latest findings on network theory and agent-based modeling of economic and financial phenomena. In this context, the economy is depicted as a complex system consisting of heterogeneous agents that interact through evolving networks; the aggregate behavior of the economy arises out of billions of small-scale interactions that take place via countless economic agents. The book focuses on analytical modeling, and on the econometric and statistical analysis of the properties emerging from microscopic interactions. In particular, it highlights the latest empirical and theoretical advances, helping readers understand economic and financial networks, as well as new work on modeling behavior using rich, agent-based frameworks. Innovatively, the book combines observational and theoretical insights in the form of networks and agent-based models, both of which have proved to be extremely valuable in understanding non-linear and evolving complex systems. Given its scope, the book will capture the interest of graduate students and researchers from various disciplines (e.g. economics, computer science, physics, and applied mathematics) whose work involves the domain of complexity theory.
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146.990000 USD

Network Theory and Agent-Based Modeling in Economics and Finance

Hardback
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A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining ...
The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas
A group history of the Austrian School of Economics, from the coffeehouses of imperial Vienna to the modern-day Tea Party The Austrian School of Economics-a movement that has had a vast impact on economics, politics, and society, especially among the American right-is poorly understood by supporters and detractors alike. Defining themselves in opposition to the mainstream, economists such as Ludwig von Mises, Friedrich Hayek, and Joseph Schumpeter built the School's international reputation with their work on business cycles and monetary theory. Their focus on individualism-and deep antipathy toward socialism-ultimately won them a devoted audience among the upper echelons of business and government. In this collective biography, Janek Wasserman brings these figures to life, showing that in order to make sense of the Austrians and their continued influence, one must understand the backdrop against which their philosophy was formed-notably, the collapse of the Austro-Hungarian Empire and a half-century of war and exile.
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46.49 USD

The Marginal Revolutionaries: How Austrian Economists Fought the War of Ideas

by Janek Wasserman
Hardback
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This two-volume book offers a comprehensive treatment of the probabilistic approach to mean field game models and their applications. The book is self-contained in nature and includes original material and applications with explicit examples throughout, including numerical solutions. Volume II tackles the analysis of mean field games in which the ...
Probabilistic Theory of Mean Field Games with Applications II: Mean Field Games with Common Noise and Master Equations
This two-volume book offers a comprehensive treatment of the probabilistic approach to mean field game models and their applications. The book is self-contained in nature and includes original material and applications with explicit examples throughout, including numerical solutions. Volume II tackles the analysis of mean field games in which the players are affected by a common source of noise. The first part of the volume introduces and studies the concepts of weak and strong equilibria, and establishes general solvability results. The second part is devoted to the study of the master equation, a partial differential equation satisfied by the value function of the game over the space of probability measures. Existence of viscosity and classical solutions are proven and used to study asymptotics of games with finitely many players. Together, both Volume I and Volume II will greatly benefit mathematical graduate students and researchers interested in mean field games. The authors provide a detailed road map through the book allowing different access points for different readers and building up the level of technical detail. The accessible approach and overview will allow interested researchers in the applied sciences to obtain a clear overview of the state of the art in mean field games.
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156.450000 USD

Probabilistic Theory of Mean Field Games with Applications II: Mean Field Games with Common Noise and Master Equations

by Francois Delarue, Rene Carmona
Paperback / softback
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Faced with a new crisis of capitalism, many scholars are now looking back to the author whose ideas were too hastily dismissed after the fall of the Berlin Wall. During the last decade, Marx's Capital has received renewed academic and popular attention. It has been reprinted in new editions throughout ...
Marx's Capital after 150 Years: Critique and Alternative to Capitalism
Faced with a new crisis of capitalism, many scholars are now looking back to the author whose ideas were too hastily dismissed after the fall of the Berlin Wall. During the last decade, Marx's Capital has received renewed academic and popular attention. It has been reprinted in new editions throughout the world and the contemporary relevance of its pages is being discussed again. Today, Marx's analyses are arguably resonating even more strongly than they did in his own time and Capital continues to provide an effective framework to understand the nature of capitalism and its transformations. This volume includes the proceedings of the biggest international conference held in the world to celebrate the 150th anniversary of Capital's publication. The book is divided into three parts: I) Capitalism, Past and Present ; II) Extending the Critique of Capital ; III) The Politics of Capital . It contains the contributions of globally renowned scholars from 13 countries and multiple academic disciplines who offer diverse perspectives, and critical insights into the principal contradictions of contemporary capitalism while pointing to alternative economic and social models. Together, they reconsider the most influential historical debates on Capital and provide new interpretations of Marx's magnum opus in light of themes rarely associated with Capital, such as gender, ecology, and non-European societies. The book is an indispensable source for academic communities who are increasingly interested in rediscovering Marx beyond 20th century Marxism. Moreover, it will be of great appeal to students, as well as established scholars interested in critique of capitalism and socialist theory.
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147.000000 USD

Marx's Capital after 150 Years: Critique and Alternative to Capitalism

Hardback
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Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial ...
The Economics of Financial Cooperatives: Income Distribution, Political Economy and Regulation
Building on theories of finance and distribution, and the political economy of finance, this book explains the influence of financial cooperatives on wealth and income distribution, and institutional factors that determine the development of financial cooperatives. The book discusses the dynamics of income and wealth distribution with and without financial cooperatives, and defines the economic objective for financial cooperatives. Through explaining the influence of political institutions and regulations on the development of financial cooperatives, this book examines why financial cooperatives grew in some emerging economies and not in other similar ones. The book is of interest to scholars interested in financial economics, political economy of finance, alternative banking and development finance, and banking regulation. The book also gives valuable output to central bankers and financial and monetary policy makers in underdeveloped economies. In addition, it will be of particular interest to practitioners in international development institutions, especially those engaged in development finance and rural finance.
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213.86 USD

The Economics of Financial Cooperatives: Income Distribution, Political Economy and Regulation

by Amr Khafagy
Hardback
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Are human beings motivated exclusively by self-interest? The orthodox theory of rational choice in economics thinks that they are. Amartya Sen disagrees, and his concept commitment is central to his vision of an alternative to mainstream rational choice theory. This book examines commitment as it has evolved in Sen's critique ...
Amartya Sen and Rational Choice: The Concept of Commitment
Are human beings motivated exclusively by self-interest? The orthodox theory of rational choice in economics thinks that they are. Amartya Sen disagrees, and his concept commitment is central to his vision of an alternative to mainstream rational choice theory. This book examines commitment as it has evolved in Sen's critique of orthodox rational choice theory. The in-depth focus on commitment reveals subtleties in the concept itself as well as in its relationships with other concepts which Sen develops in his critique of rational choice theory, for example preference, sympathy, weakness of will, agency, personhood, social norms, rights, self-welfare goal and self-goal choice. The book provides a comprehensive understanding of commitment and offers novel interpretations of the term as a way of strengthening its plausibility. Broadly in support of Sen's conceptualization of rational choice, the book nevertheless reveals ambiguities and weaknesses in Sen's conceptual framework, and it reformulates Sen's concepts when doing so strengthens the claims he makes. The book also engages with critics of Sen and argues for the importance of commitment as a component in the theory of rational choice.
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147.000000 USD

Amartya Sen and Rational Choice: The Concept of Commitment

by Mark S. Peacock
Hardback
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This proceedings book features selected papers from the 9th National Scientific and Practical Conference Digital Economy: Complexity and Variety Vs. Rationality, which took place on April 17-18, 2019, in Vladimir (Russian Federation). It presents the latest research in the field of the digital economy, discussing its role in the creation ...
Digital Economy: Complexity and Variety vs. Rationality
This proceedings book features selected papers from the 9th National Scientific and Practical Conference Digital Economy: Complexity and Variety Vs. Rationality, which took place on April 17-18, 2019, in Vladimir (Russian Federation). It presents the latest research in the field of the digital economy, discussing its role in the creation of advantages for the state, entrepreneurship, and society, as well as the emergence of new economic risks. The chapters address the following topics: the importance of economy's digital modernization, tools for the formation of the digital economy in Russia, specific features and perspectives of digital modernization of the regional economy, an overview of the social consequences of transition to the digital economy, financial components of the digital economy, legal challenges regarding the digital reality for society and state, and the main challenges and threats to the profession of jurisprudence in the context of the digitization of the economy. Intended for representatives of the academic community and researchers interested in the formation of the digital economy and digital society as well as undergraduates, postgraduates, and masters of economic specialties, the book is also a valuable resource for companies that use or wishing to implement digital technologies into their economic practices; and public and government employees involved with monitoring, control, and regulation of the digital economy.
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314.990000 USD

Digital Economy: Complexity and Variety vs. Rationality

Paperback / softback
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This book provides an up-to-date reading of Capital Volume I, emphasizing the relevance of Marx's analysis to everyday twenty-first century struggles. Harry Cleaver's treatise outlines and critiques Marx's analysis chapter by chapter. His unique interpretation of Marx's labour theory of value reveals how every theoretical category of Capital designates aspects ...
33 Lessons on Capital: Reading Marx Politically
This book provides an up-to-date reading of Capital Volume I, emphasizing the relevance of Marx's analysis to everyday twenty-first century struggles. Harry Cleaver's treatise outlines and critiques Marx's analysis chapter by chapter. His unique interpretation of Marx's labour theory of value reveals how every theoretical category of Capital designates aspects of class struggle in ways that help us resist and escape them. At the same time, while rooted within the tradition of workerism, he understands the working class to include not only the industrial proletariat but also unwaged peasants, housewives, children and students. A challenge to scholars and an invaluable resource for students and activists today.
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46.47 USD

33 Lessons on Capital: Reading Marx Politically

by Harry Cleaver
Paperback / softback
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What do the economic theories of thought-leaders in economics, such as Smith, Keynes, Marx and Schumpeter, tell us about globalisation in the twenty-first century? Great economic theories have provided a narrative of how society should work in all its aspects, and can offer renewed usefulness for today's society. Each economic ...
Economic Theory and Globalization
What do the economic theories of thought-leaders in economics, such as Smith, Keynes, Marx and Schumpeter, tell us about globalisation in the twenty-first century? Great economic theories have provided a narrative of how society should work in all its aspects, and can offer renewed usefulness for today's society. Each economic theory is presented for easy access, readability and simplicity; explaining the criticism a particular theory poses against its own contemporary environment, such as the poverty produced by Manchester capitalism in Marx, and then applying those historical lessons to our current time. Should some economic theories be left sitting on a shelf, safely without any impact on us, or do some great economic ideas still have something to contribute to the grand quest for a more just society in its many interpretations?
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146.990000 USD

Economic Theory and Globalization

Hardback
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