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  • Edward Elgar Publishing  (21)
  • Safari, an O’Reilly Media Company
  • Cheltenham, UK : Edward Elgar Publishing  (21)
  • [Erscheinungsort nicht ermittelbar] : McGraw-Hill
  • Economics
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  • 1
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781958766
    Language: English
    Pages: 1 Online-Ressource (416 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Klein, Philip A., 1927 - Economics confronts the economy
    DDC: 330
    RVK:
    Keywords: Wirtschaftswissenschaft ; Wirtschaftsgeschichte ; Economics ; Volkswirtschaftslehre ; Wirtschaftstheorie ; Lehre ; Geschichte ; Politikberatung ; Wirtschaftspolitik ; Volkswirtschaftslehre ; Wirtschaftswissenschaften
    Abstract: Economics Confronts the Economy is a challenging and unorthodox look at contemporary economic analysis. Philip Klein presents a highly reasoned and yet personal view of the state of economics today. While his views may be contentious to some, it is an accessible book that will provoke discussion and debate to a wide readership. Professor Klein begins with the assumption that the basic function of economic theory is to provide a sound guide for public policy in assisting society in defining what it means by 'economic progress'. In the words of Thorstein Veblen it involves economic activity as explicit steps to be taken at any given time to enable the economy to play its most effective role in 'enhancing human life'. The book argues that modern mainstream economics is failing in this task in terms of what it teaches young economists, what it contributes to public policy debates and what it has done to the field of economics. This book will have a wide audience throughout the many and varied fields of economics including heterodox economics, micro- and macroeconomics, history of economic thought and economic policy
    Description / Table of Contents: Contents: Introduction -- 1. The unchanging focus of modern economics -- 2. Making progress with theory: Do we get what we want or want what we get? -- 3. Lowering the learning in economics, 1950-2000 -- 4. Trivialization and elegance i: The world of microeconomics -- 5. Trivialization and elegance ii: The world of macroeconomics -- 6. Theory and the role of the public sector -- 7. Focus on 'mainstream economics': Obstacles to the competition for new ideas -- 8. Economics confronts the economy: An alternative view - don't cry for me, economics -- Index.
    Note: Includes bibliographical references and index
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  • 2
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781008683
    Language: English
    Pages: 1 Online-Ressource (xvi, 257 pages) , illustrations
    Series Statement: New directions in modern economics series
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Hayes, Mark, 1956 - 2019 The economics of Keynes
    DDC: 330.156
    RVK:
    Keywords: Keynes, John Maynard ; Keynes John Maynard ; 1883-1946 ; Keynesianismus ; Keynesian economics ; Economics ; Keynesian economics ; Keynessche Theorie
    Abstract: In his 'New Guide' to The General Theory, Mark G. Hayes presents Keynes's illustrious work as a sophisticated Marshallian theory of the competitive equilibrium of the economy as a whole. This unique book takes full account of the nature of time and money and illustrates that The General Theory remains highly relevant to the teacher and advanced student of modern macroeconomics. The Economics of Keynes introduces several interpretative innovations to resolve many puzzles presented in the literature of the last 70 years. It is designed to be read in parallel with The General Theory and will allow modern readers to find their bearings before plunging into an in-depth analysis of major themes contained in The General Theory. The key areas in which this 'New Guide' differs from the familiar exposition of current macroeconomics textbooks are also explicitly identified. The author reaches positive and hopeful conclusions for the development of economic theory and policy. Promoting a thorough understanding of the legitimate domain of equilibrium analysis and a renewed commitment to the possibility of genuinely full employment, this book will provide an illuminating and fascinating read for anyone wishing to appreciate fully the value of The General Theory. More specifically, academics and advanced students of macroeconomics across the board - classical, orthodox, Post Keynesian and heterodox - interested in a fresh attempt to connect The General Theory with modern macroeconomics will find this book to be the ideal tool
    Description / Table of Contents: Contents: Foreword -- Preface -- Five propositions of the general theory -- Prologue -- 1. Two theories of employment -- 2. Definitions and ideas -- 3. The propensity to consume -- 4. The inducement to invest -- 5. Employment, money and the price-level -- 6. Policy implications -- Epilogue -- References -- Index.
    Note: Includes bibliographical references (pages 238-246) and index
    URL: Inhaltsverzeichnis  (lizenzpflichtig)
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  • 3
    ISBN: 9781782543602
    Language: English
    Pages: 1 Online-Ressource (a xviii, 293 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Essays in economic theory, growth and labour markets
    DDC: 330
    RVK:
    Keywords: Wachstumstheorie ; Allgemeines Gleichgewicht ; Lohn ; Spieltheorie ; Theorie ; Economics ; Labor market ; Aufsatzsammlung ; Wirtschaftstheorie ; Aufsatzsammlung ; Arbeitsmarkt ; Aufsatzsammlung ; Wirtschaftswachstum ; Aufsatzsammlung ; Makroökonomie ; Wachstumstheorie ; Arbeitsmarkttheorie
    Abstract: The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic research. They provide fresh insights and approaches to the analysis of these issues, and thus open up wider avenues for our understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and endowment changes. These contributions, in conjunction with the realisation that the papers are written by some of the most distinguished economists in the respective areas, make the volume an attractive addition for all who are interested in the contemporary research and teaching of economics
    Description / Table of Contents: Contents: Preface -- Part I: Economic growth -- 1. Some early conferences on growth theory -- 2. Discounting and the growth of net national product -- Part II: General equilibrium -- 3. Equilibrium selections -- 4. Extensive form implementation of weak fine core allocations through penalties -- 5. Nonlinear neighbourhood interactions and intergenerational transmission of human capital -- 6. Beliefs and the neutrality of money -- 7. Towards a general theory of real capital -- Part III: Labor economics -- 8. Endowment changes, price response, and the behavior of wages -- 9. The pace of work and pay -- 10. The incidence of increased unemployment in the group of seven, 1970-94 -- 11. Labor incentives and manumission in ancient greek slavery -- Part IV: Game theory and applications -- 12. Agency games -- 13. The role of beliefs, knowledge, and rationality in non-cooperative games -- 14. The economics of research joint ventures -- Index.
    Note: Includes bibliographical references and index
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  • 4
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781782542810
    Language: English
    Pages: 1 Online-Ressource (xx, 202 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Maes, Ivo, 1956 - Economic thought and the making of European Monetary Union
    DDC: 332.4/94
    RVK:
    Keywords: Europäische Kommission ; Economic and Monetary Union ; Eurozone ; Währungsunion ; Ökonomische Ideengeschichte ; Optimaler Währungsraum ; EU-Staaten ; Monetary unions ; Economics ; Europe Economic integration ; Wirtschaftspolitik ; Europäisches Währungssystem ; Wirtschaftstheorie
    Abstract: This valuable book examines the interaction between economic ideas and the policy-making process in Europe, centred around the creation of European Monetary Union. The essays cover three broad areas: early debates on European monetary integration, economic thought at the European Community institutions, and the establishment of Economic and Monetary Union (EMU) in Europe. Core elements of the book are analyses of Europe's quest for exchange rate stability and of the debates on the nature of EMU and the path towards it. With the aid of crucial case studies, Ivo Maes goes on to chart the growing awareness among policymakers of the increasing interdependence between Europe's economies and the rise of a new medium-term, stability-oriented policy conception - both vital and necessary factors in the genesis of EMU. Drawing on the extensive experience of the author, both as an academic and a senior official involved in European economic policy-making, this book undoubtedly contributes towards a better understanding of the role of economic ideas in the process of European monetary integration. It will be an important addition to the literature on EMU and will be required reading for scholars and policymakers in the fields of economics, European studies and the history of economic thought
    Description / Table of Contents: Contents: Foreword by g. Quaden -- Foreword by a.w. Coats -- Introduction -- Part I: Early debates on European monetary integration -- 1. State and market post-war integration theory -- 2. Optimum currency area theory and European monetary integration -- 3. Monetary integration debates in the 1970s -- Part II: Economic thought at the European community institutions -- 4. The development of economic thought at the European community institutions -- 5. Macroeconomic thought at the European commission in the 1970s: The first decade of the annual economic reports -- 6. Macroeconomic thought at the European commission in the first half of the 1980s -- Part III: The making of European monetary union -- 7. Emu from a historical perspective -- Index.
    Note: Includes bibliographical references and index
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  • 5
    ISBN: 9781782542377
    Language: English
    Pages: 1 Online-Ressource (xi, 367 pages)
    Parallel Title: Erscheint auch als
    DDC: 330.1
    Keywords: Social sciences ; Knowledge, Sociology of ; Economics
    Abstract: Knowledge, Social Institutions and the Division of Labour gives rise to a new and richer institutional analysis of the economy centred around the analysis of language, the division of labour and social knowledge. It is in this perspective that the economic analysis of institutions comes to be associated with the study of civil society, or with the broad framework of communication and coordination behind the interaction of individuals in economic and non-economic spheres. This fascinating book is divided into three parts beginning with the issue of the development of science as an aspect of the division of labour, starting from methodological problems on the communication of scientific knowledge. The volume goes on to explore issues on the moral bases of social interaction and, more particularly, of commercial society before ending with in depth analyses of questions on the division of labour, social institutions and the diffusion of knowledge in society
    Description / Table of Contents: Contents: Preface -- Coordination, connecting principles and social knowledge: An introductory essay -- Part I: Rationality, communication and connecting principles -- Part II: Social interaction and moral sentiments -- Part III: Division of labour, patterns of interdependence and social institutions -- Index.
    Note: A collection of 16 papers first presented at a conference sponsored by the European Society of the History of Economic Thought in February-March 1998, and subsequently revised , Includes bibliographical references and indexes
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  • 6
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781782541851
    Language: English
    Pages: 1 Online-Ressource (x, 703 pages) , illustrations
    Uniform Title: Essays Selections
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Dosi, Giovanni, 1953 - Innovation, organization and economic dynamics
    DDC: 338/.064
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    Keywords: Innovation ; Technischer Fortschritt ; Industrieökonomik ; Evolutionsökonomik ; Theorie ; Technological innovations Economic aspects ; Economics ; Aufsatzsammlung ; Evolutorische Wirtschaft ; Technische Innovation ; Innovation
    Abstract: Giovanni Dosi is recognized as one of the world's leading scholars in industrial economics and corporate change. This volume contains a selection of his most important work and provides an excellent overview of the contribution he has made to the economics of innovation and technical change. Key topics include: * technological paradigms and innovation diffusion * economic behaviour and learning * organizational structures and behaviour in a changing environment * corporate finance and innovation * industrial dynamics * evolutionary theories in economics * institutions, technical change and economic growth. The book will be welcomed by scholars and students of innovation, industrial organization, business and institutional and evolutionary economics
    Description / Table of Contents: Contents: Innovation, organization and economic dynamics: An autobiographical Introduction -- Part I: Opportunities of innovation, search procedures and diffusion -- Part II: Economic behaviours, organizations and innovation in changing environments -- Part III: Evolutionary interpretations of economic change -- Part IV: Learning and market selection: Evolutionary models of economic change -- Part V: Institutions and economic dynamics.
    Note: Includes bibliographical references and index
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  • 7
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035303595
    Language: English
    Pages: 1 Online-Ressource (xiii, 262 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Payson, Steven, 1957 - Economics, science and technology
    DDC: 330
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    Keywords: Wirtschaftswissenschaft ; Wissenschaft ; Naturwissenschaft ; Forschung ; Technischer Fortschritt ; Theorie ; Economics ; Science and industry ; Technological innovations ; Wirtschaftswissenschaften ; Innovationsforschung
    Abstract: Economists need to understand some fundamental aspects of science in order to measure and analyse the process of technological change. This book explores the interrelationships between economics, science and technology in order to find ways of improving economists' approaches to technical change. Dr Payson begins by offering a scientific critique of economic discourse and presents a unique, unconstrained and critical view of the behavioral differences between economists and scientists. The economic literature on technological change is analysed in order to assess economists' approach to science. The author then offers concrete solutions for the useful economic study of technological change including alternative methods of classifying data based on scientific principles, a characteristics approach to measuring physical capital, and a futuristic exploration into how artificial intelligence may improve economics
    Description / Table of Contents: Contents: Preface -- Part I: A scientific critique of economic discourse -- 1. Economics of science versus science of economics -- 2. The difference in behavior between economists and scientists -- 3. Measurement in economics must be taken more seriously -- Part II: Economic literature on scientific advancement, technological change and related topics -- 4. Science as a public good -- 5. Subfields on the economic effects of scientific research -- 6. Economic literature on technological change -- Part III: New attitudes, philosophies, frameworks and models -- 7. Product evolution and the case for function-based classification -- 8. Business interests in scientific discoveries -- 9. Capital input - it need not be metaphysical -- 10. Conclusion -- References -- Index.
    Note: Includes bibliographical references (pages 229-252) and index
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  • 8
    ISBN: 9781035304042
    Language: English
    Pages: 1 Online-Ressource (xviii, 443 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Economics, welfare policy and the history of economic thought
    DDC: 330
    Keywords: Heertje, Arnold ; Wirtschaftstheorie ; Wirtschaftswissenschaft ; Ökonomische Ideengeschichte ; Theorie ; Economics ; Economics History ; Welfare economics ; Technological innovations Economic aspects ; Aufsatzsammlung ; Wirtschaftswissenschaften ; Wohlfahrtstheorie ; Geschichte
    Abstract: In this book, internationally renowned scholars, including two Nobel Laureates, have been drawn together to celebrate Arnold Heertje's rich contribution to the field of economics. Their essays reflect his influence in the areas of economic theory and policy. In particular, they follow in the tradition of his work on oligopoly and price theory, welfare theory and policy, growth theory, environmental economics, technical change and the history of economic thought and methodology. The contributors offer penetrating insights into the structure and functioning of different types of market structures and the character of technical change. In addition, they address current topics such as the recent problems in East Asian economies, the money supply in the European Monetary Union and economic development. Finally, they pay tribute to Arnold Heertje's work on the history of economic thought, discussing the writings of David Ricardo, the German historical school, Herbert Robinson, Alfred Marshall and Herbert Foxwell. This book will attract economic theorists, and scholars and students who are interested in the history of economic thought or in empirical subjects such as the policy implications of studies of labour markets, property rights and European Monetary Union
    Description / Table of Contents: Full Contents: Introduction -- Part I: Economic theory -- 1. A cooperative theory of duopoly -- 2. A commodity flow model of flexible exchange rates with overshooting in response to inflation -- 3. The market for oranges -- 4. Complications in the model of a perfectly competitive firm and industry -- 5. Models of the market -- 6. Revisiting the schumpeter-hypotheses: Firm size, market structure and technological regime -- 7. Technical change and economic growth: The case of "catch-up" -- 8. Coordination, technical progress and economic growth -- 9. Reswitching: Simplifying a famous example -- Part II: Economic policy and applied economics -- 10. Labour market 'flexibility' and welfare -- 11. On substitutability among domestic money and cross-border deposits -- 12. The role of international financial institutions in the current global economy -- 13. The coase theorem and the cooperative nash bargaining game -- 14. On property rights and their modification -- 15. Economic development in Europe, 1960-1996 -- 16. Different data sources for studying behaviour -- 17. Economy and morality: A conceptual framework -- Part III: History of economic thought -- 18. -- Ricardo's misunderstood value theory and the readability of the principles -- 19. Sherlock holmes and the swarthy German: The case of inanely 'transforming' mehrwert to prices -- 20. Alfred marshall and herbert somerton foxwell: A tale of two libraries -- 21. The after-glow of the German historical school, 1945-1960 -- 22. An economist turned entrepreneur -- 23. Authority systems and schools of economic thought -- Index.
    Note: Includes bibliographical references and index
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  • 9
    ISBN: 9781781959817
    Language: English
    Pages: 1 Online-Ressource (xviii, 417 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Bioeconomics and sustainability
    DDC: 333.7
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    Keywords: Bioökonomik ; Evolutionsökonomik ; Thermodynamischer Ansatz ; Entropie ; Ressourcenökonomik ; Theorie ; Environmental economics ; Sustainable development ; Economics ; Human ecology ; Entropy ; Festschrift ; Aufsatzsammlung ; Bibliografie ; Georgescu-Roegen, Nicholas 1906-1994 ; Wirtschaftstheorie ; Umweltökonomie ; Nachhaltigkeit ; Georgescu-Roegen, Nicholas 1906-1994 ; Nachhaltigkeit ; Georgescu-Roegen, Nicholas 1906-1994 ; Umweltökonomie ; Biologische Umweltlehre ; Nachhaltigkeit
    Abstract: Nicholas Georgescu-Roegen was described by Paul Samuelson as 'an economist's economist'. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the human race will face in the 21st century. The book shows how Georgescu-Roegen constructed nothing less than an almost complete theoretical alternative to neoclassical economics. Although best-known for his later work as an environmentalist and his work on energy and material transformation, Georgescu-Roegen also made seminal contributions to the economic theory of utility and production and is considered to be one of the founders of modern mathematical economics. In this book an internationally acclaimed group of contributors including Joan Martinez-Alier, William H. Miernyk, Herman Daly and Cutler Cleveland present discussions on environmental and energy economics as well as mathematical economics, economic development and peasant economies, and bioeconomics. This book serves as an excellent all-inclusive introduction to the work of one of the great economists of the 20th century. This celebration of the contributions made by Georgescu-Roegen will be of interest to environmental and natural resource economists, as well as social and economic theorists. With a dedication by Wassily Leontief and a foreword by Paul Samuelson
    Description / Table of Contents: Contents: Foreword by Paul Samuelson -- 1. Introduction -- 2. How long can neoclassical economists ignore the contributions of Georgescu-Roegen? -- 3. From political economy to political ecology -- 4. Georgescu-Roegen's evolutionary economics -- 5. Economic growth theory and the georgescu-roegen paradigm -- 6. Nicholas Georgescu-Roegen's approach to economic value -- 7. Georgescu-Roegen on consumer theory -- 8. Biophysical economics -- 9. From agrarianism to entropy -- 10. Embodied energy analysis, Sraffa's analysis, Georgescu-Roegen's flow-fund model and viability of solar technology -- 11. Production and time -- 12. A theory of resilient flow-fund linkages -- 13. The passage from entropy to thermodynamic indeterminacy -- 14. Biophysical roots of 'enjoyment of life' according to Georgescu-Roegen's bioeconomic paradigm -- 15. The role of entropy and energy in natural resource economics -- 16. Five conditions for sustainable living systems -- Bibliography -- Index.
    Note: Includes bibliographical references and index
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  • 10
    ISBN: 9781035303250
    Language: English
    Pages: 1 Online-Ressource (xii, 289 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Economics and its discontents
    DDC: 330
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    Keywords: 1900-2000 ; Ökonomische Ideengeschichte ; Theorie ; Economics ; Economists ; Aufsatzsammlung ; Wirtschaftswissenschaftler
    Abstract: Dissenters have a common dissatisfaction with economics as it is currently practised, and they recognise that twentieth century economics has failed to explain real world economic phenomena. This major book focuses on the work and lives of seventeen of the most influential dissenting economists who have shaped twentieth century economics and who continue to make economics more relevant. In Economics and its Discontents each chapter explains what it means to be a dissenting economist and examines how and why the work of the featured economist constitutes dissent. It demonstrates that dissent in the profession extends beyond ideology and that dissenters can come from radical, liberal or conservative backgrounds. Dissent is considered in many respects, including how economics is taught, the methodology of economic analysis, the lack of attention economists pay to the real world behaviour of individuals, the narrow and limited assumptions made by economists, the inappropriate attempt of economics to dominate all social sciences, and the policy conclusions reached by standard economic analysis. The dissenters featured in this book suggest that there is a better way to do economics, and a better way to be an economist, and each has helped keep economics honest by constantly questioning traditional thinking. This book salutes and celebrates these dissenters who exemplify the very best of the discipline. If economics is again to be a respected field and a highly regarded profession, we must look to these dissenters to point the way forward. This book will be welcomed by professional economists, researchers and postgraduate students, especially those interested in the history of economic thought, and economic methodology and philosophy
    Description / Table of Contents: Contents: Introduction: Dissent in twentieth century economics / (R.P.F. Holt and S. Pressman) -- 1. The seditious dissent of barbara r. Bergmann / (E.A. Paulin) -- 2. James m. Buchanan and the rebirth of political economy / (P.J. Boettke) -- 3. John r. Commons and the compatibility of neoclassical and institutionalist economics / (J.E. Biddle and W.J. Samuels) -- 4. The tenacious dissent of milton friedman / (D. Colander) -- 5. Friedrich a. Hayek: Super-dissenter / (L.S. Moss) -- 6. John a. Hobson: Dissenting labour economist / (J.E. King) -- 7. The policy dissent of nicholas kaldor / (S. Pressman) -- 8. The positive dissent of michal kalecki / (M. Sawyer) -- 9. Dissent and continuity: John maynard keynes / (V. Chick) -- 10. Frank knight's dissent from progressive social science / (R.B.Emmett) -- 11. Oskar lange's dissent from market capitalism and state socialism / (C. Rider) -- 12. Imagining the possibilities: The dissent of adolph lowe / (M. Forstater) -- 13. Gardiner means and the dissent of administered prices / (F. Lee) -- 14. The theoretical, methodological and pedagogical dissent of joan robinson / (Z. Emami) -- 15. Thomas schelling's dissent from the narrow scope of economics / (D. Latzko) -- 16. Piero sraffa and mainstream theory / (H.D. Kurz and N. Salvadori) -- 17. Thorstein bunde veblen: The quintessential dissenter / (C.M.A. Clark) -- Index.
    Note: Includes bibliographical references and index
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  • 11
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781800886483
    Language: English
    Pages: 1 Online-Ressource (xi, 215 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Skousen, Mark, 1947 - Puzzles and paradoxes in economics
    DDC: 330
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    Keywords: Wirtschaftstheorie ; Theorie ; Economics ; Microeconomics ; Macroeconomics ; Finance ; Marketing ; Paradox ; Puzzles ; Beispielsammlung ; Volkswirtschaftslehre ; Puzzle ; Paradoxon ; Wirtschaft ; Paradoxon
    Abstract: Economics is full of puzzles and paradoxes that often frustrate and challenge everyone, including economists. This engaging book includes fifty puzzles and focuses on three types of paradox. First, everyday observations that appear to belie common sense (such as, why do some supermarket items sell for more per ounce in larger sizes?). Secondly, those paradoxes which have perplexed economists in the past but have since been fairly resolved (such as, the diamond-water paradox). Finally, empirical or conceptual anomalies that remain unresolved and present a challenge to today's economists (such as the voting paradox). Fifty puzzles and paradoxes are analysed in a clear framework. Examples include: the fairness of market wages, the alleged gold absurdity, Giffin goods and the Irish potato famine, the paradox of thrift, the supposed perversity of Wall Street, the leisure paradox, why the best Washington apples are shipped out of state (the Alchian-Allen theorem), the question of whether teachers are underpaid, whether studying economics makes people immoral and whether war is good for the economy. This original and unusual book will have a wide appeal, ranging from the lay person with an interest in everyday economic puzzles, to the student and teacher wishing to develop their understanding of some of the paradoxes that have existed and continue to exist in economics. It will serve as an ideal source for teachers who want to challenge their students with unusual economic problems
    Description / Table of Contents: Contents: Preface -- Introduction -- Cases and concepts -- 1. The adam smith paradox -- 2. The diamond-water paradox -- 3. The water problem -- 4. The case of the fourth egg -- 5.profiting from pants -- 6. The price of quality -- 7. The rationality and risk puzzle -- 8. Gold's backward wupply curve -- 9. The positive sloping demand curve? -- 10. The leisure paradox -- 11. The price discrimination dilemma -- 12. A hot vacation spot -- 13. The rare case of a giffen good? -- 14. The case of the costly catsup -- 15. The mail order question -- 16. The businessman's query -- 17. Are teachers underpaid? -- 18. The pollution puzzle -- 19. Are market wages fair? -- 20. The highly valued occupation nobody wants -- 21. The stock market puzzler -- 22. Apples and the alchian-allen theorem -- 23. The perfect-market puzzle -- 24. The starvation of buridan's ass -- 25. Does studying economics make one immoral? -- 26. The savers' dilemma -- 27. Keynes's banana plantation -- 28. Producing cars that don't sell -- 29. The feckless forecast and policy purveyor puzzle -- 30. The growing but declining gap puzzle -- 31. The perpetual poverty puzzle -- 32. The paradox of thrift -- 33. The gold absurdity -- 34. The wager over wages -- 35. The voting behaviour puzzle -- 36. The voting paradox -- 37. A taxing debate -- 38.the blessings of destruction -- 39. The interest rate dilemma -- 40. The population puzzler -- 41. The efficiency versus equality puzzle -- 42. The national debt: Asset or liability? -- 43. The leontief paradox -- 44. The perversity of wall street -- Index.
    Note: Includes bibliographical references and index
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  • 12
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781956359
    Language: English
    Pages: 1 Online-Ressource (xiv, 308 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Great inflations of the 20th century
    DDC: 332.4/1/0904
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    Keywords: Inflation (Finance) ; Economics ; Aufsatzsammlung ; Inflation
    Abstract: The problems associated with chronically high inflation and hyper inflation continue to preoccupy policy makers and economists. In Great Inflations of the 20th Century, Pierre Siklos has gathered together major papers by a distinguished group of scholars who use historical episodes to understand and explain a key issue. Beginning with general surveys of historical experiences of hyperinflation and cases of chronic inflation, this volume continues with papers on the conditions which are conducive to generating high inflation. The link between monetary policy and inflation is examined through empirical studies of inflationary episodes in Germany, Hungary and Bolivia. The final part looks at how policy makers can seek to end high inflation with the smallest possible economic cost. Bringing together in one accessible volume a series of acclaimed contributions to the field, Great Inflations of the 20th Century will be a key reference resource for interested scholars and policy makers concerned with the myriad of issues surrounding the beginning and end of high or chronic inflation
    Description / Table of Contents: Contents: -- Preface -- List of table -- List of figures -- List of contribution -- Part I: Surveys -- Part II: Conditions conductive to high inflation -- Part III: Empircal studies of the money-prices nexus -- Part IV: The ending of hyperinflation.
    Note: Includes bibliographical references and index
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  • 13
    ISBN: 9781035305902
    Language: English
    Pages: 1 Online-Ressource (xiv, 308 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Universal banking in the twentieth century
    DDC: 332.1/094
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    Keywords: 1860-1990 ; Universalbank ; Unternehmensfinanzierung ; Europa ; Banks and banking ; Finance ; Industries ; Banks and banking Government policy ; Economics ; Aufsatzsammlung ; Nordeuropa ; Notenbank ; Kreditwesen ; Industrie ; Geschichte 1900- ; Mitteleuropa ; Notenbank ; Kreditwesen ; Industrie ; Geschichte 1900-
    Abstract: This important new volume addresses the many aspects of banking in European market economies in the twentieth century, making innovative and authoritative research available to historians, economists, financiers and business analysts. The distinguished group of authors examines the historic role of banks in utilizing domestic and foreign financial resources. Their contributions show that from the 1880s onwards banks became an integral part of the capital market in continental Europe. In the course of this development the banks played a crucial part in financing industry in North and Central Europe. This symbiotic relationship between banks and industry is analysed and is shown to have had a decisive impact on the inflation and crisis-prone interwar period. The comparative and quantitative methods applied in these papers reveal differences between the countries of North and Central Europe, especially with regard to the degree of state intervention in individual economies. Other topics discussed include the networks of interlocking directorships, the effectiveness of banking legislation and the impact of the national question on banking in central and Southeast Europe. Universal Banking in the Twentieth Century illustrates both striking similarities and marked differences in the role of universal banking across Europe in terms of the level of industrialization and the pace of economic growth
    Note: Includes bibliographical references and index
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  • 14
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781781959541
    Language: English
    Pages: 1 Online-Ressource (ix, 234 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Reisen, Helmut, 1950 - Debt, deficits and exchange rates
    DDC: 332.4/56/091724
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    Keywords: Internationale Staatsschulden ; Finanzmarktregulierung ; Devisenmarkt ; Wechselkurspolitik ; Welt ; Lateinamerika ; Ostasien ; Foreign exchange rates ; Debts, Public ; Finance, Public ; Economics ; Aufsatzsammlung ; Entwicklungsländer ; Schulden ; Wechselkurs ; Lateinamerika ; Schulden ; Wechselkurs ; Ostasien ; Schulden ; Wechselkurs ; Entwicklungsländer ; Auslandsschulden ; Entwicklungsländer ; Wechselkurspolitik ; Entwicklungsländer ; Schuldenkrise ; Geldpolitik
    Abstract: Debt, Deficits and Exchange Rates presents recent work by Helmut Reisen on current international monetary problems in East Asia and Latin America. Written over the last four years, these papers are readily accessible and of immediate policy relevance. The first part is concerned with the debt problems of developing countries, including the growth of domestic public debt, means of hedging a country's debt portfolio against key currency fluctuations, evidence on the debt overhang hypothesis, an evaluation of the Brady Plan, and how to attract foreign direct investment. This is followed by essays on financial opening which discuss the impact of alternative exchange rate regimes during financial integration, the degree of financial openness in Korea and Taiwan, an appropriate strategy for the liberalization of capital flows, and the relationship between financial opening and capital flows. The final part underlines the need for exchange rate management. Issues considered include New Zealand's experience with a pure float, the use of the theory of optimal currency areas to assess whether Asian countries should peg to the Yen, institutional features of macroeconomic management in Asia, and how Latin America should respond to heavy capital flows. Bringing together under one cover a wealth of analysis, comment and argument by a leading international scholar, this volume will be welcomed by students, teachers and policymakers as an important contribution to understanding international monetary problems in the developing world
    Note: "OECD Development Centre, Centre de Developpement del OCDE ; OECD, OCDE." , Includes bibliographical references and index
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  • 15
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305810
    Language: English
    Pages: 1 Online-Ressource (xiv, 213 pages) , illustraitons
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Gordon, Myron J. Finance, investment, and macroeconomics
    DDC: 332
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    Keywords: Volkswirtschaftliche Investitionstheorie ; Sparen ; Kapitalstruktur ; Risiko ; Neoklassische Theorie ; Postkeynesianismus ; Theorie ; Finance Econometric models ; Investments Econometric models ; Macroeconomics ; Economics ; Aufsatzsammlung ; Makroökonomie ; Finanztheorie ; Ökonometrisches Modell
    Abstract: In Finance, Investment and Macroeconomics, Myron J. Gordon advances a theory of finance and investment under uncertainty and risk aversion which resolves problems left unsolved by Keynes in a manner consistent with his work. Keynes established that both the short-run and long-run performance of a capitalist system depend upon investment, but he failed to arrive at an alternative to the neoclassical theory of investment. Professor Gordon demonstrates that the extension of neoclassical theory to deal with uncertainty and risk aversion is based upon a string of assumptions which are empirically false. The competitive stationary state, the foundation for the neoclassical theory of a capitalist system, is shown to be unfeasible because it results in a very high probability of bankruptcy at the micro level and the system's early collapse on the macro level. Capitalists seeking long term survival are shown to be subject to a growth imperative, to the pursuit of monopoly power, and to a concern for financial policy. Later sections of the book discuss the consequences of this behaviour for short-run fluctuations and the long-run development of capitalist systems. This innovative book advances an important new theory of finance and investment which recognizes the problem of bankruptcy when the future is uncertain. It will be welcomed by both post Keynesian and neoclassical economists as a significant contribution to current economic understanding
    Description / Table of Contents: Contents: Part I: Introduction -- Part II: Neoclassical theory -- Part III: a post Keynesian theory -- Part IV: a theory of economic systems.
    Note: Includes bibliographical references (pages 194-206) and index
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  • 16
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305889
    Language: English
    Pages: 1 Online-Ressource (xi, 255 pages) , illustrations
    Series Statement: New directions in modern economics
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Rimmer, Russell J. Income distribution in a corporate economy
    DDC: 339.2
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    Keywords: Verteilungstheorie ; Industrieökonomik ; Finanzmarkt ; Theorie ; Income distribution Mathematical models ; Industrial organization Mathematical models ; Prices Mathematical models ; Stock exchanges Mathematical models ; Economics ; Einkommensverteilung ; Mathematisches Modell
    Abstract: Income Distribution in a Corporate Economy offers a skilful examination of the influences of financial markets and imperfect competition on the distributive process. Unlike much of the earlier literature, it concentrates upon the short-run, making it suitable for empirical appraisal. After a thorough review of the theoretical and empirical literature of the past 30 years, Russell Rimmer uses a series of models to synthesize results from post Keynesian macroeconomics, investment theory and industrial economics. The final chapters contain an analysis of the short-run effects of changes in pricing strategies and increases in industrial concentration on income shares accruing to households and corporations. By presenting in one place the neo-classical and post Keynesian approaches, the book will serve both as a text and a foundation for future work on distribution. Students new to income distribution will be able to read the text as an introduction to the neoclassical and post Keynesian approaches. A novel contribution is the gathering together of early extensions of post Keynesian theory to the short run, including accounts of attempts to synthesise the major theoretical strands
    Note: Includes bibliographical references (pages 234-245) and index
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  • 17
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305896
    Language: English
    Pages: 1 Online-Ressource (1 volume various pagings)
    Series Statement: John Locke series in classical liberal political economy
    Series Statement: The Shaftesbury papers
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Property rights and the limits of democracy
    DDC: 323.4/6
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    Keywords: Right of property ; Democracy ; Economics ; Property-Rights-Ansatz ; Demokratie
    Abstract: Property rights lie at the heart of the economic success of any economy and the extent to which its citizens enjoy economic freedom. At a time when Eastern Europe is breaking free from the yoke of collectivist-socialist ideas, this book presents essays by four political economists evaluating a range of feasible reforms intended to breathe new life into constitutional republicanism. The first essay by James M. Buchanan grounds the defence of private property ownership in the protection that it affords to individual liberty. This is followed by a succinct but comprehensive account by Gordon Tullock of his research programme in rent seeking. This is a great and instructive contribution which skilfully draws out the dangerous implications of rent seeking for private property rights. A far-reaching and insightful essay by Richard E. Wagner exposes the failure of the United States constitution to overcome the tyranny of the majority so feared by the Founding Fathers: the author demonstrates why the tyranny of the majority cannot be overcome by a written constitution unless the institutions of society are designed to offer complementary support to limited government and the rule of law. In the final essay, Charles Rowley retraces the history of social choice theory, identifies the errors that it has promulgated and the corrective lessons that can be learned from the classical liberal philosophy that it has substantially ignored. Including essays by some of the most eminent scholars in the field, Property Rights and the Limits of Democracy makes an important and distinguished contribution to one of the most central issues in political economy in the late twentieth century
    Note: Four papers published earlier by the Locke Institute, and a substantive introductory chapter , "The book was made possible by a colloquium ... on the theme of '"Life, Liberty and Property" and the Limits of Democracy' held in Charleston, S.C. in December 1991."--Pref , Includes bibliographical references and indexes
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  • 18
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035305858
    Language: English
    Pages: 1 Online-Ressource (xvi, 250 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Macroeconomic theory
    DDC: 339
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    Keywords: 00.07.1990 ; Makroökonomik ; Geldtheorie ; Konjunkturtheorie ; Wachstumstheorie ; Ökonomische Ideengeschichte ; Theorie ; Macroeconomics ; Economics ; Aufsatzsammlung ; Konferenzschrift 1990 ; Makroökonomie
    Abstract: This unique book focuses on the central issues in macroeconomics - examining some of the lively theoretical controversies troubling contemporary economists - in order to establish a genuine basis for communication between the alternative theoretical traditions. The past two decades have witnessed the emergence of several competing approaches to macroeconomic analysis: post Keynesian economics, Kaleckian analysis, neo-Ricardian theory, the neo-Austrian school, the Rational Expectations School etc. This book presents new work by 14 respected economists from nine different countries who address a series of unresolved yet well-defined issues in monetary theory and policy, market structure and accumulation, and problems of effective demand and the theory of distribution. The main purpose of Macroeconomic Theory is to identify areas of common ground among the various theoretical approaches. The excitement of that dialogue and the intellectual vitality generated are captured for the reader in a volume that will be essential for an understanding of modern macroeconomic theory
    Note: "Papers written for a conference on Alternative Traditions in Macroeconomics: Diversity and Convergence, which took place at the University of Hohenheim in Stuttgart, Germany, in July 1990"--Perf , Includes bibliographical references and index
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  • 19
    ISBN: 9781035305803
    Language: English
    Pages: 1 Online-Ressource (xii, 302 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Mixed economies in Europe
    DDC: 338.94
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    Keywords: Gemischte Wirtschaftsordnung ; Europa ; Osteuropa ; Mixed economy ; Economics ; Europe Economic conditions ; Aufsatzsammlung ; Europa ; Wirtschaftliche Lage ; Gemischte Wirtschaftsordnung ; Europa ; Wirtschaftspolitik
    Abstract: The end of the cold war has created a new and unprecedented type of mixed economy in Eastern Europe. This innovative up-to-date book questions whether the former Eastern block countries will follow the path of West European mixed economies, or if a quite different economic system will emerge. Mixed Economies in Europe presents new work by distinguished authors who offer an evolutionary perspective on the dynamics of mixed economies. In so doing, they provide a unique, policy-orientated assessment of the formation and transformation of mixed economies in both Eastern and Western Europe. In particular, they emphasise the importance of institutional arrangements and regulatory frameworks. The book shows that the liberalization of markets, both within and between European countries has led, in many cases, to a divergence of economic performance across regions and is likely to continue to do so in the future. This raises policy considerations for the EC and its constituent governments which have not, as yet, been adequately addressed
    Note: Includes bibliographical references and index
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  • 20
    ISBN: 9781035305827
    Language: English
    Pages: 1 Online-Ressource (xi, 206 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Rethinking economics
    DDC: 338/.064
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    Keywords: 00.11.1990 ; Wirtschaftswissenschaft ; Theorie ; Capitalism ; Technological innovations Economic aspects ; Economic development ; Economics ; Konferenzschrift 1990 ; Aufsatzsammlung ; Theorie ; Evolutorische Wirtschaft ; Wirtschaftstheorie ; Evolutionstheorie ; Technischer Fortschritt ; Evolutorische Wirtschaft ; Technischer Fortschritt ; Wirtschaftstheorie ; Wirtschaftstheorie
    Abstract: Rethinking Economics is a major contribution to the reconstruction of an economic theory appropriate to the 21st century. Just as major changes are occurring in the world economy, economics itself is on the brink of change. Orthodox economics is now widely criticized for its sterility and its limited applicability to real-world economic problems. Standard theoretical tools such as general equilibrium theory are now regarded, even by their leading practitioners, as highly limited and problematic. New ideas from chaos theory, evolutionary modelling and institutional theory point to new, non-reductionist approaches in which there are units of analysis other than the atomistic individual. This work addresses core economic concepts, such as individual choice, prices, markets, production, industries, technology, innovation and economic growth in the light of these developments. This unique, up-to-date volume makes a seminal contribution at the frontiers of economic theory
    Note: Based on the second annual conference of the European Association of Evolutionary Political Economy, held in Florence in November 1990 , Includes bibliographical references (pages 172-197) and index
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  • 21
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035303168
    Language: English
    Pages: 1 Online-Ressource (ix, 294 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Wiseman, Jack, 1919 - 1991 Cost, choice and political economy
    DDC: 330
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    Keywords: Wirtschaftswissenschaft ; Wirtschaftspolitik ; Social choice ; Cost ; Economics ; Economics ; Aufsatzsammlung ; Wirtschaftspolitik ; Kostentheorie ; Wiseman, Jack 1919-1991 ; Volkswirtschaftslehre
    Abstract: This book presents in one volume Professor Wiseman's seminal work on the theory of costs and the economist's treatment of the role of government. The major themes concern the subjectivity of costs and the unknowability of the future. From an initial scepticism about pricing rules, the arguments develop into a comprehensive critique of mainstream economic theory and, more positively, an exposition of the fundamentals of a new political economy grounded in choice-as-opportunity-cost
    Note: Includes bibliographical references and index
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