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  • Edward Elgar Publishing  (30)
  • Macroeconomics
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  • 1
    Online Resource
    Online Resource
    Northampton, MA : Edward Elgar Pub
    ISBN: 9781786433053
    Language: English
    Pages: 1 Online-Ressource (176 p) , cm
    Series Statement: Edward Elgar E-Book Archive
    Series Statement: New directions in modern economics
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Ferri, Piero, 1942 - Aggregate demand, inequality and instability
    DDC: 339.4
    RVK:
    RVK:
    Keywords: Makroökonomisches Modell ; Einkommensverteilung ; Vermögensverteilung ; Konjunktur ; Theorie ; Income distribution ; Distribution (Economic theory) ; Equality ; Income distribution ; Macroeconomics ; Electronic books ; Makroökonomie ; Gesamtwirtschaftliche Nachfrage ; Einkommensverteilung ; Soziale Ungleichheit ; Wirtschaftliche Stabilität
    Abstract: 1. Introduction -- Part I: basic concepts -- 2. Piketty's contribution -- 3. Measurement -- 4. Inequality and aggregate demand -- Part II: endogenous dynamics and instability -- 5. Aggregate demand, growth and instability -- 6. Wealth, public debt and instability -- 7. Recursive workhorses -- Part III: the macro inference of inequality -- 8. Rent, wealth and bubbles -- 9. A model with heterogeneous supply -- 10. Wealth and capital gains in financial markets -- Part IV: inequality, finance and instability -- 11. Inequality and the financial instability hypothesis -- 12. Instability in a regime switching model -- Part V: concluding remarks -- 13. A summary -- 14. The challenges.
    Abstract: This book studies the relationships between aggregate demand, inequality and instability. It extends the traditional approach by introducing wealth and inequality into a dynamic macroeconomic model. Furthermore, it examines the role that debt and financial instability can play in turbulent times such as the Great Recession and its aftermath. Unlike Piketty, the author analyses the relationships between instability and inequality, and the feedbacks from the latter to the former, in a system approach where real and monetary factors interact to generate complex patterns. The book does not discover 'iron laws' because the results depend on the nature of the model, the values of the parameters and the policy pursued. However, the role of inequality is proven to play a decisive role in shaping dynamics. Finally, the author discusses the link between medium and long-run problems, and the challenges that remain to be faced. Piero Ferri's original application of economic principles to the topic of inequality will make this book essential reading for all economists, particularly those of a macro orientation
    Note: Includes bibliographical references and index
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  • 2
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar Pub. Ltd
    ISBN: 9780857937834
    Language: English
    Pages: 1 Online-Ressource (xvi, 374 p) , ill , cm
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Hossain, Akhand Akhtar Central banking and monetary policy in Muslim-majority countries
    DDC: 332.4/91767
    RVK:
    Keywords: Geldpolitik ; Islamisches Finanzsystem ; Islamische Staaten ; Bahrain ; Bangladesch ; Ägypten ; Indonesien ; Iran ; Malaysia ; Pakistan ; Saudi-Arabien ; Türkei ; Inflation (Finance) ; Money Religious aspects ; Islam ; Macroeconomics ; Monetary policy ; Electronic books ; Islamische Staaten ; Zentralbanksystem ; Geldpolitik
    Abstract: The introduction of Islamic banking and finance across the globe strengthens the argument for low and stable inflation and rule-based monetary policy for sustained economic growth. Although Islamic banking and finance may have created some complexities in financial transactions it remains consistent with Classical monetary theory and has created opportunities for improving the infrastructure of central banks and monetary policy to maintain both price and economic stability. This book reviews key aspects of central banking and monetary policy in selected Muslim-majority countries which have introduced Islamic banking and finance alongside conventional banking since the 1980s. The selected countries are Bahrain, Bangladesh, Egypt, Indonesia, Iran, Malaysia, Pakistan, Saudi Arabia and Turkey. While reviewing country-specific experiences and issues in inflation and monetary policy, and analysing them from an historical context, emphasis is given to the evolution of Islamic banking and finance and the consequent institutional developments for maintaining price stability. Macroeconomic problems under these regimes are also highlighted and their policy implications drawn. This volume will be of great value to students and researchers interested in Islamic banking and finance, and macroeconomic and monetary policy issues in Muslim-majority countries
    Abstract: 1. Introduction -- 2. Bahrain -- 3. Bangladesh -- 4. Egypt -- 5. Indonesia -- 6. Iran -- 7. Malaysia -- 8. Pakistan -- 9. Saudi Arabia -- 10. Turkey
    Note: Includes bibliographical references and index
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  • 3
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar Pub. Ltd
    ISBN: 9781784710286
    Language: English
    Pages: 1 Online-Ressource (1 v) , cm
    Series Statement: Elgar research reviews in economics
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Behavioural macroeconomics
    DDC: 339
    RVK:
    Keywords: Verhaltensökonomik ; Makroökonomik ; Arbeitslosigkeit ; Inflation ; Gerechtigkeit ; Risikoaversion ; Soziale Wohlfahrtsfunktion ; Privater Konsum ; Sparen ; Finanzkrise ; Wirtschaftswachstum ; Zufriedenheit ; Theorie ; Economics Psychological aspects ; Macroeconomics ; Electronic books ; Aufsatzsammlung ; Makroökonomie ; Verhaltensökonomie
    Abstract: 'I only wish that Ian McDonald's Behavioural Macroeconomics had been available when I was preparing A Guide to Behavioral Economics; it certainly would have provided me with material to fill in a number of gaps and cite several additional important concerns!'--Hugh Schwartz, University of the Republic, Uruguay. This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics. The topics covered include a historical perspective on psychology and economics, social norms and macroeconomics, the nature of unemployment, unemployment and inflation, consumption and saving, the causes of the global financial crisis, economic growth and happiness and income distribution and the underclass. The collection also covers a broad range of the theories and methods used in behavioural economics. The comprehensive volume, with an original introduction by the editor, will be an essential compendium for researchers and students interested in behavioural economics
    Abstract: Andrew E. Clark and Andrew J. Oswald (1994), 'Unhappiness and Unemployment', Economic Journal, 104 (424), May, 648-59 -- M. Daniele Paserman (2008), 'Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation', Economic Journal, 118 (531), August, 1418-52 -- George A. Akerlof and Janet L. Yellen (1990), 'The Fair Wage-Effort Hypothesis and Unemployment', Quarterly Journal of Economics, CV (2), May, 255-83 -- Truman F. Bewley (1995), 'A Depressed Labor Market as Explained by Participants', American Economic Review, 85 (2), May, 250-54 -- Ernst Fehr and Armin Falk (1999), 'Wage Rigidity in a Competitive Incomplete Contract Market', Journal of Political Economy, 107 (1), February, 106-34 -- Ernst Fehr and Georg Kirchsteiger (1994), 'Insider Power, Wage Discrimination and Fairness', Economic Journal, 104 (424), May, 571-83 -- Lawrence H. Summers (1988), 'Relative Wages, Efficiency Wages, and Keynesian Unemployment', American Economic Review, 78 (2), May, 383-8 -- V. Bhaskar (1990), 'Wage Relativities and the Natural Range of Unemployment', Economic Journal, 100 (400), 60-66 201 -- Hugh Sibly (2002), 'Loss Averse Customers and Price Inflexibility', Journal of Economic Psychology, 23 (4), August, 521-38 -- Ian M. McDonald and Hugh Sibly (2005), 'The Diamond of Macroeconomic Equilibria and Non-Inflationary Expansion', Metroeconomica, 56 (3), July, 393-409 -- J.N. Lye, I.M. McDonald and H. Sibly (2001), 'An Estimate of the Range of Equilibrium Rates of Unemployment for Australia', Economic Record, 77 (236), March, 35-50 -- John C. Driscoll and Steinar Holden (2004), 'Fairness and Inflation Persistence', Journal of the European Economic Association, 2 (2-3), April-May, 240-51 -- Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald (2001), 'Preferences Over Inflation and Unemployment: Evidence from Surveys of Happiness', American Economic Review, 91 (1), March, 335-41 -- Richard H. Thaler and Shlomo Benartzi (2004), 'Save More TomorrowTM: Using Behavioral Economics to Increase Employee Saving', Journal of Political Economy, 112 (1, pt.2), S164-S187 -- David Bowman, Deborah Minehart and Matthew Rabin (1999), 'Loss Aversion in a Consumption-savings Model', Journal of Economic Behavior and Organization, 38 (2), February, 155-78 307 -- Isabelle Brocas and Juan D. Carrillo (2008), 'The Brain as a Hierarchical Organization', American Economic Review, 98 (4), September, 1312-46 -- Ian M. McDonald (2009), 'The Global Financial Crisis and Behavioural Economics', Economic Papers, 28 (3), September, 249-54 -- David G. Blanchflower and Andrew J. Oswald (2004), 'Well-being Over Time in Britain and the USA', Journal of Public Economics, 88 (7-8), July, 1359-86 -- Bruno S. Frey and Alois Stutzer (2002), 'What Can Economists Learn from Happiness Research?', Journal of Economic Literature, 40 (2), June, 402-35
    Abstract: B. Curtis Eaton and Mukesh Eswaran (2009), 'Well-being and Affluence in the Presence of a Veblen Good', Economic Journal, 119 (539), July, 1088-104 -- Jonathan D. Cohen (2005), 'The Vulcanization of the Human Brain: A Neural Perspective on Interactions Between Cognition and Emotion', Journal of Economic Perspectives, 19 (4), Fall, 3-24 -- Robert J. Oxoby (2004), 'Cognitive Dissonance, Status and Growth of the Underclass', Economic Journal, 114 (498), October, 727-49
    Abstract: Recommended readings (Machine generated): Driscoll, J.C. and Holden, S. (2004), 'Fair treatment and inflation persistence', Journal of European Economic Association, 2, (2-3), 240-51. -- Friedman, M. (1968), 'The role of monetary policy', American Economic Review, 58 (1), 1-17. -- Gul, F. and Pesendorfer, W. (2008), 'The Case for Mindless Economics', in The Foundations of Positive and Normative Economics, by Andrew Caplin and Andrew Shotter (eds.) New York: Oxford University Press. -- Heidhues, P. and Koszegi, B. (2008) 'Competition and price variation when consumers are loss averse', American Economic Review, 98 (4), 1245-68. -- Hirsch, F. (1976), The Social Limits of Growth, Cambridge, MA: Harvard University Press. -- Kahneman, D. and Tversky, A. (1979), 'Prospect theory: An analysis of decision under risk', Econometrica, 46, 263-91. -- Keynes, J.M. (1936), The General Theory of Employment, Interest and Prices, London: Macmillan. -- Knabe, A., Rätzel, S., Schöb, R. and Weimann, J. (2010), 'Dissatisfied with life but having a good day: Time use and well-being of the unemployed', Economic Journal, 120 (547), 867-89. -- Layard, R. (2005), Happiness: Lessons from a New Science, London: Penguin, Allen Lane. -- Lye, J.N. and McDonald, I.M. (2006), 'Union power and Australia's Inflation Barrier, 1965:4 to 2003:3', Australian Journal of Labour Economics, 9 (3), 287-304. -- Lye, J.N. and McDonald, I.M. (2008), 'The Eisner puzzle, the unemployment threshold and the range of equilibria', International Advances in Economic Research, 14 (2), 125-41. -- Lye, J.N., McDonald, I.M. and Sibly, H. (2001), 'An estimate of the range of equilibrium rates of unemployment for Australia', Economic Record, 77 (236), 35-50. -- McDonald, I.M. (2010), 'Beyond Krugman to behavioural Keynes', Agenda, 17 (1), 89-93. -- Phelps, E.S. (1968), 'Money wage dynamics and labor-market equilibrium', Journal of Political Economy, 76 (4, Part 2): Issues in monetary research, 678-711. -- Phillips, A.W. (1958), 'The relation between unemployment and the rate of change of money wage rates in the United Kingdom, 1861-1957', Economica, 25, 283-99. -- Robinson, J. (1937), Essays in the Theory of Employment, Oxford: Blackwell (1947 edition). -- Robinson, J. (1973), Collected Economic Papers, volume 4, Oxford: Blackwell. -- Luigino Bruni and Robert Sugden (2007), 'The Road Not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back', Economic Journal, 117 (516), January, 146-73 -- George A. Akerlof (2007), 'The Missing Motivation in Macroeconomics', American Economic Review, 97 (1), March, 5-36
    Note: The recommended readings are available in the print version, or may be available via the link to your library's holdings
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  • 4
    Online Resource
    Online Resource
    Cheltenham [England] : Edward Elgar Pub
    ISBN: 9780857930446
    Language: English
    Pages: 1 Online-Ressource (x, 174 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Sardoni, Claudio Unemployment, recession and effective demand
    DDC: 339
    RVK:
    Keywords: Konjunkturtheorie ; Ökonomische Ideengeschichte ; Keynesianismus ; Marxismus ; Theorie ; Kaleckian Model of Growth and Distribution ; Marxian economics ; Keynesian economics ; Recessions ; Electronic books ; Marx, Karl, 1818-1883 ; Keynes, John Maynard, 1883-1946 ; Kalecki, Michał ; Macroeconomics ; Makroökonomie ; Wirtschaftskrise ; Keynessche Theorie ; Marxismus ; Wirtschaftstheorie ; Marktform
    Abstract: In the midst of the current world economic crisis, many claim there is a necessity to return to the Marxian and Keynesian traditions in order to better understand the dynamics of market economies. This book is an important step in that direction. It presents a critical examination of the foundations of macroeconomics as developed in the traditions of Marx, Keynes and Kalecki, which are contrasted with the current mainstream. Particular attention is given to the problem of market forms and their relevance for macroeconomics
    Abstract: 1. Introduction -- 2. The Marxian notion of a monetary economy and the critique of Say's Law -- 3. General overproduction crises -- 4. Keynes's critique of Say's Law -- 5. Keynesian underemployment equilibria -- 6. A critique of Keynes's microfoundations -- 7. Kaleckian macroeconomics : an outline -- 8. The problem of market forms in modern macroeconomics -- 9. Concluding remarks
    Note: "The present book is a largely revised version of ... Marx and Keynes on economic recession (Sardoni, 1987)"--preface , Includes bibliographical references and index
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  • 5
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar
    ISBN: 9780857938077
    Language: English
    Pages: 1 Online-Ressource (x, 542 p)
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als The Elgar companion to recent economic methodology
    DDC: 330.072
    RVK:
    Keywords: Wirtschaftswissenschaft ; Wissenschaftliche Methode ; Heterodoxe Ökonomik ; Ökonomische Ideengeschichte ; Economics Methodology ; Macroeconomics ; Electronic books ; Economics ; Methodology ; Economics ; Research ; Methodology
    Abstract: Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics
    Abstract: pt. 1. Economics of behavior and choice -- pt. 2. Welfare and micro economic policy -- pt. 3. Complexity and computation in economics -- pt. 4 Evolution and evolutionary economics -- pt. 5. Macroeconomics -- pt. 6. The economics profession, the media and the public
    Note: Includes bibliographical references and index
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  • 6
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar
    ISBN: 9781849807043
    Language: English
    Pages: 1 Online-Ressource (xvi, 172 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Neyapti, Bilin Macroeconomic institutions and development
    DDC: 339
    RVK:
    Keywords: Entwicklungstheorie ; Institutioneller Wandel ; Institutionelle Infrastruktur ; Economic development ; Macroeconomics ; Electronic books ; Macroeconomics ; Economic development ; Institutionenökonomie ; Notenbank ; Währungsunion ; Kreditinstitut ; Wirtschaftsentwicklung
    Abstract: The book incorporates the essential elements of institutional theory and highlights the issues pertaining to the measurement of institutional characteristics and the empirical analyses involving such measurement. It provides the theoretical framework of and empirical evidence on fiscal institutions, covering budgetary rules and procedures as well as fiscal decentralization, and reviews the theoretical framework for monetary institutions such as central bank independence, currency boards, monetary unions and inflation targeting in addition to providing empirical evidence on their effectiveness. The role of bank regulation and supervision is also investigated. This path-breaking and original book will prove a fascinating read for a wide-ranging audience including academics, think tanks, international development agencies and policymakers within the fields of development, economics, heterodox economics and money, banking and finance
    Abstract: 1. A modified approach to development economics -- 2. The model and empirics -- 3. Fiscal institutions and empirical evidence -- 4. Institutions of monetary policy and the financial sector : theory and evidence
    Note: Includes bibliographical references and index
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  • 7
    ISBN: 9781849803397
    Language: English
    Pages: 1 Online-Ressource (xiv, 290 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als Macroeconomic theory and its failings
    DDC: 339
    RVK:
    Keywords: 2008 ; Makroökonomik ; Wirtschaftstheorie ; Finanzkrise ; Wirtschaftskrise ; Globalisierung ; Internationale Wirtschaft ; Welt ; Macroeconomics ; Global Financial Crisis, 2008-2009 ; Electronic books ; Macroeconomics ; Global Financial Crisis, 2008-2009 ; Weltwirtschaft ; Finanzkrise ; Makroökonomie ; Geschichte 2008-2009
    Abstract: "This innovative book focuses on the current global financial crisis and the inadequacies of the economic theories being used to guide policy. In so doing, it tackles the economic theories that have been used firstly to understand its causes and thereafter to contain the damage it has brought." "The contributors bring together different perspectives from across the entire spectrum of economic opinion to examine what is likely to be the single most important economic problem of our time. The unifying feature is that all of the authors disagree with the standard mainstream neo-classical models being applied in attempting to comprehend what has gone on and then, more importantly, to devise policies to bring this recession to an end. The problems that modern macroeconomics may have caused in being the basis for economic policy are addressed, and it is concluded that the deepening problems found in economies across the developed world are not due to governments having refused to take the advice of their economic advisors but are in many respects due to their actually having taken this advice." "Suggesting alternative ways of understanding how economies work so that other types of policies might be used instead, this book will prove a fascinating read not just for scholars and policy-makers concerned with our macroeconomic and financial problems but for anyone interested in deepening their understanding of our contemporary economic debate"--Book jacket
    Abstract: The ordinary economics of an extraordinary crisis / Peter J. Boettke and William J. Luther -- Did Bernanke's 'creditism' aggravate the financial crisis of 2008? / Tim Congdon -- Toward a new sustainable economy / Robert Costanza -- Looking at the crisis through Marx - or is it the other way about? / Ben Fine -- Incentive divergence and the global financial crisis / J. Patrick Gunning --The microeconomic foundations of macroeconomic disorder: an Austrian perspective on the Great Recession of 2008 / Steven Horwitz -- The crisis in economic theory: the dead end of Keynesian economics / Steven Kates -- The coming depression and the end of economic delusion / Steve Keen -- Reflections on the global financial crisis / J.E. King -- An Islamic economic perspective on the global financial crisis / Mervyn Lewis -- Bankers gone wild: the Crash of 2008 / Robert E. Prasch. -- The governance of financial transactions / Martin Ricketts -- Excess debt and asset deflation / Jan Toporowski -- An institutionalist perspective on the global financial crisis / Charles J. Whalen -- Minsky, the global money-manager crisis, and the return of big government / L. Randall Wray
    Note: Includes bibliographical references and index
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar
    ISBN: 9781849802123
    Language: English
    Pages: 1 Online-Ressource (xvi, 256 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Uniform Title: Makroøkonomisk metodologi
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Jespersen, Jesper, 1948 - Macroeconomic methodology
    DDC: 339
    RVK:
    Keywords: Makroökonomik ; Postkeynesianismus ; Keynesian economics ; Macroeconomics ; Electronic books ; Makroökonomie ; Methodologie
    Abstract: Jesper Jespersen presents a treatise on the importance of the choice of methodology within macroeconomics. Given that no scientifically based macroeconomic policy recommendation should be established without an evaluation of the methods employed, this book gives a clear exposition of how proper macroeconomic analysis should be undertaken. Furthermore, it is convincingly argued that one of the lasting contributions of John Maynard Keynes was his emphasis on methodology; that macroeconomic consequences of uncertainty could not be analysed within the established general equilibrium framework. It is due to post-Keynesian economics supported by critical realism that the understanding of Keynes's methodology has been resurrected, which has eventually resulted in renewed debate on realistic macroeconomic policies to restore full employment without inflation
    Abstract: 1. Keynes-inspired macroeconomic theory in a methodological perspective -- 2. Macroeconomic methodology : from a critical realist perspective -- 3. The macroeconomic landscape : an example of an ontological reflection -- 4. About uncertainty, risk and limited knowledge -- 5. Uncertainty and 'the economy as a whole' -- 6. Equilibrium and path-dependence from a perspective of uncertainty -- 7. The fallacy of composition -- 8. Effective demand : a macroeconomic causal relationship -- 9. Methodological perspectives for realistic macroeconomic research : a summary
    Note: Includes bibliographical references (p. 234-246) and index
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  • 9
    ISBN: 9781035305629
    Language: English
    Pages: 1 Online-Ressource (xxii, 332 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als
    Parallel Title: Erscheint auch als Twenty-first century macroeconomics
    Keywords: Economic development Environmental aspects ; Macroeconomics ; Global warming
    Abstract: The authors and editors of this book challenge traditional assumptions about economic growth, and develop the elements of a reoriented macroeconomics that takes account both of environmental impacts and social equity. Policies including carbon trading, revenue recycling, and reorientation of private and social investment are analyzed, providing insight into new paths for economic development with flat or negative carbon emissions. These issues will be crucial to macroeconomic and development policies in the twenty-first century. What are the likely economic effects of climate change? What are the costs of substantial action to avert climate change? What economic policies can be effective in responding to climate change? The debate has broad implications for public policy. However, it also raises fundamental questions about economic analysis itself, and moves issues of environmental policy from the microeconomic to the macroeconomic level. Taking global climate change seriously requires a re-examination of macroeconomic goals. Economic growth has been closely linked to expanded use of energy, primarily fossil fuels. The assumption of continuing economic growth, in turn, leads economists to discount future costs, including the generational impacts of climate change. Challenging conventional concepts of growth implies different development paths both for rich and poor nations. This volume brings together contributions from scholars around the world to address these issues. Scholars, researchers and students of economics and development studies along with policymakers and non-governmental organizations will find this insightful book of great interest
    Description / Table of Contents: Contents: Introduction / Jonathan M. Harris and Neva R. Goodwin -- Part I: The scope of the challenge -- 1. Understanding the challenge of global warming / Lloyd J. Dumas -- 2. The new climate economics: The stern review versus its critics / Frank Ackerman -- 3. Economics and climate change: Resilience, equity, and sustainability / Neva R. Goodwin -- 4. The right to development in a climate-constrained world / Paul Baer, Tom Athanasiou and Sivan Kartha -- Part II: Macroeconomic theory perspectives -- 5. The economic fundamentals of global warming / Duncan K. Foley -- 6. Energy productivity, labor productivity, and global warming / Lance Taylor -- 7. Macroeconomics and sustainable development: Applying the sustainomics framework / Mohan Munasinghe -- 8. Ecological macroeconomics: Consumption, investment and climate change / Jonathan M. Harris -- Part III: Policy options for responding to climate change -- 9. Cap and dividend: How to curb global warming while promoting income equity / James K. Boyce and Matthew Riddle -- 10. Policies for funding a response to climate change / Brian Roach -- 11. The new EU emissions trading scheme: A blueprint for the global carbon market? / Christian Egenhofer -- 12. Implementation of sustainable development in Poland / Andrzej Kassenberg -- 13. Climate change from the investor's perspective / Adam Seitchik -- Index.
    Note: Includes bibliographical references and index
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  • 10
    ISBN: 9781848446021
    Language: English
    Pages: 1 Online-Ressource (xiii, 192 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Macroeconomics in the small and the large
    DDC: 339
    RVK:
    Keywords: Leijonhufvud, Axel ; Wirtschaftstheorie ; Ökonomische Ideengeschichte ; Makroökonomik ; Economic history ; Macroeconomics ; Electronic books ; Aufsatzsammlung ; Festschrift ; Wirtschaftstheorie ; Makroökonomie
    Abstract: This book honors the work of Axel Leijonhufvud. The topics range from Keynesian economics and the economics of high inflation to the micro-foundations of macroeconomics and economic history. The authors comprise some of the very best economists active today
    Abstract: 1. Axel Leijonhufvud and the quest for micro-foundations : some reflections / David Laidler -- 2. Old-Keynesian economics / Roger E.A. Farmer -- 3. Interest rate setting in the presence of investment prospects and Knightian uncertainty / Edmund S. Phelps -- 4. Macroeconomics of broken promises / Daniel Heymann -- 5. Bankruptcy and collateral in debt constrained markets / Timothy J. Kehoe and David K. Levine -- 6. Growth patterns of two types of macro-models : limiting behavior of one- and two-parameter poisson-dirichlet models / Masanao Aoki -- 7. Time inconsistency of robust control? / Lars Peter Hansen and Thomas J. Sargent -- 8. A tale of two countries : innovation and incentives among great inventors in Britain and the United States, 1750-1930 / B. Zorina Khan and Kenneth L. Sokoloff -- 9. Macroeconomics with intelligent autonomous agents / Peter Howitt
    Note: Includes bibliographical references (p. 178-185) and index
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  • 11
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar
    ISBN: 9781848443808
    Language: English
    Pages: 1 Online-Ressource (x, 183 p) , ill
    Series Statement: New directions in modern economics
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Brown, Christopher Inequality, consumer credit and the saving puzzle
    DDC: 332.7/43
    RVK:
    RVK:
    Keywords: Makroökonomik ; Verbraucherkredit ; Finanzprodukt ; Einkommensverteilung ; USA ; Consumer credit ; Macroeconomics ; Electronic books ; USA ; Makroökonomie ; Konsumentenkredit ; Finanzinnovation ; Einkommensverteilung
    Abstract: Providing much needed context for current events like the sub-prime mortgage crisis, this timely book presents a vision of an economy evolved to greater dependence on consumer credit and analyzes the trade-offs and risks associated with it. While synthesizing the Keynesian theory of consumption with the Institutional theory of habit selection (brought up to date with new knowledge from evolutionary biology and neuroscience), this book represents an in-depth treatment of the macroeconomic dimensions of consumer credit and implications of recent financial innovations from a non-traditional economic approach
    Abstract: 1. Consumer credit and effective demand -- 2. The household debt surge and the theory of habit selection -- 3. A brief history of innovation in the consumer credit industry -- 4. The saving puzzle : a closer examination -- 5. Macroeconomic aspects of consumer credit dependence -- 6. Balance sheet (minsky) effects : an empirical analysis -- 7. Consumerism, inequality and globalization -- 8. Final remarks
    Note: Includes bibliographical references and index
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  • 12
    ISBN: 9781848446205
    Language: English
    Pages: 1 Online-Ressource (xxvi, 327 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Keynes and macroeconomics after 70 years
    DDC: 339
    RVK:
    RVK:
    Keywords: Keynes, John Maynard ; Wirtschaftswissenschaft ; Ökonomen ; Makroökonomik ; Keynesianismus ; Kritik ; Keynesian economics ; Macroeconomics ; Electronic books ; Konferenzschrift ; Konferenzschrift 2006 ; Keynessche Theorie
    Abstract: In this collection, esteemed post-Keynesian scholars reassess the relevance of Keynes's 'The General Theory' to a broad array of topic areas, ranging from the environment, investment finance, exchange rates, and socialism, as well as inquiries into general post-Keynesian theory
    Abstract: Heterodox macroeconomics: what, exactly, are we against? / John E. King -- Keynes the Keynesian: a Lakatosian insight into Keynes's 'probable' theoretical contributions to macroeconomics after 1937 /Jesús Muñoz and Joel Bonales -- Minsky and Keynes on inestment volatility: was there an overstatement? / André Lourenço -- Two founding fathers of the Post-Keynesian critical appraisal of self-balancing mechanisms? / Lino Sau -- The contributions of Tom Asimakopulos to Post Keynesian economics / G.C. Harcourt -- Asimakopulos's criticism of Keynes's short-period equilibrium: a reformulation / Abdelkader Slifi -- Modeling Keynes with Kalecki / Colin Richardson and Jerry Courvisanos -- A Keynesian model for the 21st century / H. Sonmez Atesoglu -- Capital accumulation, income distribution, technical progress and endogenous money in a Post Keynesian macrodynamic model / Luciano Dias Carvalho and José Luis Oreiro
    Abstract: Keynes on the control of the money supply and the interest rates / Carlo Panico -- Inflation targeting in Brazil: a Keynesian approach. / Luiz Carlos Bresser-Pereira and Cleomar Gomes da Silva -- Eisner's radical approach to social security - tell the truth! / Stephanie Kelton -- Investment finance and financial sector development / Bokhyun Cho -- Keynes's theory of probability, investment behavior, and behavioral finance / Edwin Dickens -- Real exchange rate levels, investment and growth: a Keynesian perspective / Paulo Gala -- A reinterpretation, remedy and development of Keynes's liquidity preference theory / Wenge Huang -- Keynes's 'revolving fund of finance' and transactions in the circuit / Steve Keen -- Monetary and fiscal policies in a Post Keynesian stock-flow consistent model / Edwin Le Heron -- Expectations and unemployment / J.W. Nevile and Peter Kriesler
    Note: Includes bibliographical references and index
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  • 13
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing Limited
    ISBN: 9781785366789
    Language: English
    Pages: 1 Online-Ressource , cm
    Series Statement: The international library of critical writings in economics 221
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Erscheint auch als The economics of networks
    DDC: 338.6042011
    RVK:
    Keywords: Regionalökonomik ; Regionales Cluster ; Netzwerk ; Unternehmensnetzwerk ; Theorie ; Macroeconomics ; Social networks Economic aspects ; Business networks Economic aspects ; Space in economics Mathematical models ; Business networks Economic aspects ; Electronic books ; Aufsatzsammlung ; Raumwirtschaftstheorie ; Regionale Wirtschaftsstruktur ; Cluster
    Abstract: Networks have a widespread economic significance. They structure the way that market traders interact and configure relations within and between social groups, urban centres and nation states. Networks also determine patterns of authority and dominance in hierarchical organisations such as governments. This authoritative selection of recent work on the economics of networks will appeal to researchers in microeconomics, spatial and business economics as well as international economics and development. Social scientists and natural scientists will also find the book useful as a guide to the increasing wealth of economic literature on networks
    Abstract: David A. Smith and Michael F. Timberlake (2001), 'World City Networks and Hierarchies, 1977-1997: An Empirical Analysis of Global Air Travel Links', American Behavioral Scientist, 44 (10), June, 1656-78 -- Barney Warf (1995), 'Telecommunications and the Changing Geographies of Knowledge Transmission in the Late 20th Century', Urban Studies, 32 (2), 361-78 -- Tamar Diana Wilson (1998), 'Weak Ties, Strong Ties: Network Principles in Mexican Migration', Human Organization, 57 (4), 394-403
    Abstract: Recommended readings (Machine generated): Harald Baldersheim, Jan Bucek and Pawel Swianiewicz (2002), 'Mayors Learning across Borders: The International Networks of Municipalities in East-Central Europe', Regional and Federal Studies, 12 (1), Spring, 126-37 -- Ashok Deo Bardhan and Subhrajit Guhathakurta (2004), 'Global Linkages of Subnational Regions: Coastal Exports and International Networks', Contemporary Economic Policy, 22 (2), April, 225-36 -- René Belderbos and Leo Sleuwaegen (1996), 'Japanese Firms and the Decision to Invest Abroad: Business Groups and Regional Core Networks', Review of Economics and Statistics, 78 (2), May, 214-20 -- Mark Brayshay, Mark Cleary and John Selwood (2005), 'Interlocking Directorships and Trans-national Linkages within the British Empire, 1900- 1930', Area, 37 (2), 209-22 -- Ronald S. Burt (1999), 'Private Games are too Dangerous', Computational and Mathematical Organization Theory, 5 (4), December, 311-41 -- Mark Casson and Howard Cox (1997), 'An Economic Model of Inter-Firm Networks', in Mark Ebers (ed) (ed.), The Formation of Inter-Organizational Networks, Chapter 7, Oxford: Oxford University Press, 174-96 -- Howard Cox, Simon Mowatt and Martha Prevezer (2003), 'New Product Development and Product Supply within a Network Setting: The Chilled Ready-Meal Industry in the UK', Industry and Innovation, 10 (2), June, 197-217 -- Niek de Jong and Rob Vos (1995), 'Regional Blocs or Global Markets? A World Accounting Approach to Analyze Trade and Financial Linkages', Weltwirtschaftliches Archiv, 131, 748-73 -- Sarah Drakopoulou Dodd and Eleni Patra (2002), 'National Differences in Entrepreneurial Networking', Entrepreneurship and Regional Development, 14 (2), January, 117-34 -- Peter Sheridan Dodds, Duncan J. Watts and Charles F. Sabel (2003), 'Information Exchange and the Robustness of Organizational Networks', Proceedings of the National Academy of Sciences of the United States of America, 100 (21), October, 12516-21 -- Mika Kallioinen (2004), 'Information, Communication Technology, and Business in the Nineteenth Century: The Case of a Finnish Merchant House', Scandinavian Economic History Review, LII (1), 19-33 -- Douglas S. Massey (1987), 'Understanding Mexican Migration to the United States', American Journal of Sociology, 92 (6), May, 1372-403 -- Larry Neal and Stephen Quinn (2001), 'Networks of Information, Markets, and Institutions in the Rise of London as a Financial Centre, 1660-1720', Financial History Review, 8 (1), April, 7-26 -- M.E.J. Newman and Juyong Park (2003), 'Why Social Networks are Different from other Types of Networks', Physical Review E, 68 (3), 036122, 1-8 -- Lucy Newton (2003), 'Capital Networks in the Sheffield Region, 1850-1885', in John F. Wilson (ed) and Andrew Popp (ed) (eds), Industrial Clusters and Regional Business Networks in England, 1750-1970, Chapter 7, Aldershot, UK: Ashgate Publishers, 130-54 -- Rebeca Raijman, Silvina Schammah-Gesser and Adriana Kemp (2003), 'International Migration, Domestic Work, and Care Work: Undocumented Latina Migrants in Israel', Gender and Society, 17 (5), October, 727-49 -- Kenneth D. Roberts and Michael D.S. Morris (2003), 'Fortune, Risk, and Remittances: An Application of Option Theory to Participation in Village-Based Migration Networks', International Migration Review, 37 (4), Winter, 1252-81 -- Janet W. Salaff and Arent Greve (2004), 'Can Women's Social Networks Migrate?', Women's Studies International Forum, 27, 149-62 -- Ma Ángeles Serrano and Marián Boguñá (2003), 'Topology of the World Trade Web', Physical Review E, 68 (1), 015101, 1-4
    Note: Includes bibliographical references , The recommended readings are available in the print version, or may be available via the link to your library's holdings
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  • 14
    ISBN: 9781847205438
    Language: English
    Pages: 1 Online-Ressource (viii, 258 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Series Statement: New directions in modern economics series
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Money, distribution and economic policy
    DDC: 339
    RVK:
    Keywords: Wirtschaftswissenschaft ; Makroökonomik ; Geldpolitik ; Geld ; Umverteilung ; Wirtschaftspolitik ; OECD-Staaten ; Macroeconomics ; Economic policy ; Money ; Electronic books ; Aufsatzsammlung ; Geldtheorie ; Verteilungstheorie ; Wirtschaftspolitik
    Abstract: pt. 1. Heterodox economic theory and money in macroeconomics -- pt. 2. Distribution and aggregate demand -- pt. 3. Economic policies.
    Abstract: Money, distribution and economic policy takes issue with the inappropriate treatment of money, effective demand and distribution issues in modern mainstream macroeconomics. It presents contributions which are critical of modern orthodoxy and which explore alternative approaches to macroeconomics and economic policy analysis. The contributors explore the following areas: the development of heterodox theory, the role of money in macroeconomics, the relationship between distribution and aggregate demand, macroeconomic policy issues from a broader heterodox perspective
    Note: Includes bibliographical references and index
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  • 15
    ISBN: 9781847203113
    Language: English
    Pages: 1 Online-Ressource (xii, 424 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Complexity, endogenous money and macroeconomic theory
    DDC: 339
    RVK:
    Keywords: Wirtschaftswissenschaft ; Wirtschaftstheorie ; Keynesianismus ; Geldtheorie ; Geldpolitik ; Finanzsystem ; Zinstheorie ; Arbeitslosigkeit ; Inflationsrate ; Econometrics ; Endogenous growth (Economics) ; Macroeconomics ; Money ; Electronic books ; Konferenzschrift 2004 ; Konferenzschrift ; Festschrift ; Geld ; Makroökonomie ; Wirtschaftstheorie ; Makroökonomie ; Geld ; Wirtschaftstheorie ; Konferenz
    Abstract: During a distinguished career, Basil Moore has made numerous important contributions to macroeconomics and monetary economics, and is renowned as the progenitor of the "horizontalist" analysis of endogenous money. More recently, he has embraced complexity theory as part of an ongoing effort to understand macroeconomics as an evolving, path-dependent process. This book celebrates and explores Basil Moore's interests in and contributions to monetary and macroeconomic theory
    Abstract: pt. 1. Economic concepts, tools and methodology -- pt. 2. Complexity, uncertainty and path dependence -- pt. 3. The macroeconomics of endogenous money -- pt. 4. The macroeconomics of exogenous interest rates -- pt. 5. Unemployment, inflation and the determination of aggregate income
    Note: Includes bibliographical references and index
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  • 16
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar
    ISBN: 9781845427931
    Language: English
    Pages: 1 Online-Ressource (vii, 253 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als The new monetary policy
    DDC: 339.5/3
    RVK:
    RVK:
    RVK:
    Keywords: Geldpolitik ; Inflationsbekämpfung ; Inflationssteuerung ; Welt ; Monetary policy ; Inflation (Finance) ; Macroeconomics ; Electronic books ; Konferenzschrift ; Aufsatzsammlung ; Geldpolitik ; Inflation ; Makroökonomie ; Geldpolitik ; Inflationstheorie ; Makroökonomie
    Abstract: Beginning with an assessment of new thinking in macroeconomics and monetary theory, this book suggests that many countries have adopted the New Consensus Monetary Policy since the early 1990s in an attempt to reduce inflation to low levels. It goes on to illustrate that the explicit control of the money supply, which was fashionable in the 1970s and 1980s in the UK, US, Europe and elsewhere, was abandoned in favour of monetary rules that focus on interest rate manipulation by the central bank. The objective of these rules is to achieve specific, or a range of, inflation targets
    Abstract: 1. Introduction -- 2. New consensus monetary policy : an appraisal -- 3. Central bank behaviour and the stability of macroeconomic equilibrium : a critical examination of the "new consensus" -- 4. Monetary policy divergences in the Euro area : the early record of the European central bank -- 5. Stock market prices and the conduct of monetary policy under the New Consensus Monetary Policy -- 6. On the US Post-"New Economy" bubble : should asset prices be controlled? -- 7. Monetary policy in the information economy : old problems and new challenges -- 8. The monetary policy outcomes curve : can the size and structure of public debt undermine policy objectives? -- 9. The old lady in new clothes : uncertainty and the UK Monetary Policy framework -- 10. The experience of inflation targeting since 1993 -- 11. Reflections on the Bank of Canada's monetary policy framework -- 12. The determinants of saving in developing countries, and the impact of financial liberalization -- 13. Monetary models and inflation targeting in emerging market economies -- 14. International aspects of current monetary policy
    Note: Includes bibliographical references and index
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  • 17
    ISBN: 9781781008300
    Language: English
    Pages: 1 Online-Ressource (xii, 375 pages) , illustraitons
    Series Statement: New directions in modern economics
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Petri, Fabio, 1949 - General equilibrium, capital and macroeconomics
    DDC: 339.5
    Keywords: Equilibrium (Economics) ; Capital ; Macroeconomics
    Abstract: This book argues that the shift in general equilibrium theory, from its early long-period to the modern very-short-period versions, has had very important consequences which are insufficiently appreciated by large parts of the economics profession. This shift has produced new difficulties, and has undermined central tenets of neoclassical macroeconomic theory (such as the negative dependence of aggregate investment on the interest rate, or the existence of a downward-sloping demand curve for labour) which had their basis in the long-period versions where capital was treated as a single factor. According to the author, what makes it difficult to appreciate these consequences is the current imperfect grasp of the long-period method (an approach common to classical and to the first generations of neoclassical economists, but nowadays often confused with steady-growth analysis). The origins of this problem date back to the 1930s, and to this day still obscure the history and the logic of the neoclassical approach. The book explains the analytical differences between long-period, steady-growth, and short-period general equilibrium analyses, and proves that on this basis considerable clarification can be achieved, not only in many aspects of the history of economic theory, but also in fundamental issues in the theories of value, distribution, capital, investment, employment and money. For example, the reasons for the disagreements in the 'Cambridge controversies' over capital theory become very apparent. This stimulating critique on the present state of economic theory will appeal to academics and researchers with an interest in macroeconomics, the history of economic thought, and the theory of value and distribution. It will also enlighten and inform anyone wanting to understand the reasons behind the current dissatisfaction with neoclassical economics
    Description / Table of Contents: Contents: Preface -- 1. The long-period method -- 2. The problematic relationship between neo-walrAsian equilibrium analyses and real economies -- 3. Long-period equilibria -- 4. Must long-period equilibria be stationary? With initial observations on investment -- 5. Walras, the shift to neo-walrAsian equilibria, and some confusions -- 6. Reswitching and reverse capital deepening -- 7. Capital theory and macroeconomics i: The theory of aggregate investment -- 8. Capital theory and macroeconomics ii: The labour demand curve -- 9. Summary of the critical argument, and sketch of an alternative approach -- References -- Index.
    Note: Includes bibliographical references (pages 341-359) and index
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  • 18
    ISBN: 9781035304981
    Language: English
    Pages: 1 Online-Ressource (xxx, 141 pages)
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Vickrey, William S., 1914 - 1996 Full employment and price stability
    DDC: 339.5
    Keywords: Employment (Economic theory) ; Full employment policies ; Price regulation ; Macroeconomics
    Abstract: Collecting Nobel Laureate William S. Vickrey's articles on macroeconomic theory and policy written towards the end of his career, this volume demonstrates his enduring commitment to full employment and price stability, and his rejection of conventional macroeconomic theorizing. William Vickrey never lost hope that sensible macroeconomic policy could be understood and implemented, a faith inspired by his humanistic vision of a better world for all and his belief that common sense would ultimately prevail. Advocating sensible economic policies, this collection will offer much of value to heterodox and orthodox economists, graduate economics students and also policymakers
    Description / Table of Contents: Contents: Preface by David Colander -- Introduction -- 1. Budget-smudget: Why balance what, how and when? -- 2. The need for a direct anti-inflation program -- 3. Design of a market anti-inflation program -- 4. Meaningfully defining deficits and debt -- 5. Chock-full employment without increased inflation: A proposal for marketable markup warrants -- 6. An updated agenda for progressive taxation -- 7. Today's task for economists -- 8. My innovative failures in economics -- 9. The other side of the coin -- 10. Necessary and optimum government debt -- 11. Why not chock-full employment? -- 12. A trans-Keynesian manifesto -- 13. Fifteen fatal fallacies of financial fundamentalism: A disquisition on demand side economics -- 14. We need a bigger 'deficit' -- epilogue by James K. Galbraith -- Index.
    Note: Collection of previously published articles , Includes bibliographical references and index
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  • 19
    ISBN: 9781781950081
    Language: English
    Pages: 1 Online-Ressource (xi, 450 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Development economics and structuralist macroeconomics
    DDC: 338.9
    RVK:
    RVK:
    Keywords: Makroökonomik ; Entwicklungstheorie ; Strukturalismus ; Globalisierung ; Entwicklungsländer ; Development economics ; Finance ; Globalization Economic aspects ; Macroeconomics ; Economic stabilization ; Electronic books ; Developing countries Economic policy ; Bibliografie ; Festschrift ; Aufsatzsammlung ; Entwicklungsländer ; Wirtschaftsentwicklung ; Entwicklungsökonomie ; Taylor, Lance 1940- ; Entwicklungsländer ; Makroökonomie ; Entwicklungstheorie
    Abstract: Lance Taylor is widely considered to be one of the pre-eminent development economists in the world and is known for his work on development planning, macroeconomics of development, stabilization policy, and the global economy. He has also been the major force behind structuralist economics, which is seen by many to be a major alternative to orthodox development economics and policy prescriptions. The essays in this volume, written by well-known scholars in their own right, make contributions to each of these areas while honoring the contributions made by Lance Taylor
    Abstract: pt. 1. Introduction -- pt. 2. Approaches to development and planning -- pt. 3. Finance and asset markets -- pt. 4. Stabilization, adjustment and growth -- pt. 5. Beyond neo-liberalism : the firm, industrial policy and competitiveness -- pt. 6. The north, the south and globalization
    Note: Includes bibliographical references and index
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  • 20
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar
    ISBN: 9781843767428
    Language: English
    Pages: 1 Online-Ressource (xvi, 483 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Snowdon, Brian, 1947 - Conversations on growth, stability and trade
    DDC: 339
    RVK:
    Keywords: Makroökonomik ; Wirtschaftswachstum ; Wachstumstheorie ; Wirtschaftsintegration ; Macroeconomics ; Economics History ; Economic history ; Economists Interviews ; Economists Interviews ; Electronic books ; Interview ; USA ; Wirtschaftswissenschaftler ; Interview ; Großbritannien ; Wirtschaftswissenschaftler ; Interview ; Makroökonomie ; Geschichte ; Wirtschaft ; Makroökonomie ; Wirtschaftswachstum ; Geschichte
    Abstract: 1. Introduction : the world economy in historical perspective -- 2. Economic growth and development : a very long-run view -- 3. Growth theories : old and new -- 4. Managing aggregate economic instability : from Keynes to Lucas -- 5. International economic integration in the Second Global Age.
    Abstract: This unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the "Great Depression", the "Great Peacetime Inflation", the conduct of stabilisation policy, international economic integration and globalisation
    Note: Includes bibliographical references and index
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  • 21
    ISBN: 9781781950067
    Language: English
    Pages: 1 Online-Ressource (ix, 319 p) , ill
    Series Statement: Post Keynesian Economics Study Group
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Beyond Keynes ; Vol. 2: Keynes, uncertainty and the global economy
    DDC: 330.1
    Keywords: Keynes, John Maynard ; Keynesianismus ; Postkeynesianismus ; Makroökonomik ; Mikroökonomik ; Wirtschaftstheorie ; Theorie ; Uncertainty ; Competition ; Labor economics ; International finance ; Globalization Economic aspects ; Economic policy ; Economic forecasting ; Macroeconomics ; Microeconomics ; Keynesian economics ; Economic history 20th century ; Electronic books ; Konferenzschrift ; Keynessche Theorie
    Abstract: The revival of interest in Keynesian economics since the late 1980s reinstates the importance of Keynes's contribution to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an outstanding group of international experts to celebrate Keynesian economics, and to review and further the developments of post Keynesian economics of recent years
    Abstract: 1. The microeconomic foundations of Keynesian economics / Athol Fitzgibbons -- 2. Keynes's 'microeconomics' : some lessons / Piero V. Mini -- 3. Market structure, uncertainty and unemployment / Malcolm Sawyer and Nina Shapiro -- 4. Keynes's theory of investment and necessary compromise / Victoria Chick -- 5. Some elements of a Post Keynesian labour economics / John E. King -- 6. Uncertainty, rationality and learning : a Keynesian perspective / Alessandro Vercelli -- 7. Organicism, uncertainty and 'societal interactionism' : a Derridean perspective / Man-Seop Park and Serap Kayatekin -- 8. Classical liberalism in an environment of rational choice involving commitment and security as well as greed / M.C. Howard and R.C. Kumar -- 9. Some notes on the monetary debate within the Post Keynesian school / Giuseppe Fontana -- 10. Speculation and reasonableness : a non-Bayesian theory of rationality / Anna Carabelli -- 11. The Maastricht Treaty : unemployment, competitiveness and distribution / Jesper Jespersen -- 12. Policies for fighting speculation in foreign exchange markets : the Tobin tax versus Keynes's views / Paul Davidson -- 13. An evaluation of the Tobin transactions tax / Philip Arestis and Malcolm Sawyer -- 14. Say's Law in the open economy : Keynes's rejection of the theory of comparative advantage / William Milberg
    Note: Includes bibliographical references (p. 254-306) and index
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  • 22
    ISBN: 9781843765608
    Language: English
    Pages: 1 Online-Ressource (viii, 177 p)
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Kasper, Sherryl Davis, 1952 - The revival of laissez-faire in American macroeconomic theory
    DDC: 339/.01
    RVK:
    Keywords: Wirtschaftsliberalismus ; Makroökonomik ; Ökonomische Ideengeschichte ; Theorie ; USA ; Free enterprise ; Macroeconomics ; Electronic books ; USA ; Makroökonomie ; Laissez-faire ; Geschichte 1885-2002
    Abstract: This book provides the definitive account of this watershed and traces the evolution of laissez-faire using the cases of its proponents, Frank Knight, Henry Simons, Friedrich von Hayek, Milton Friedman, James Buchanan and Robert Lucas. By elucidating the pre-analytical framework of their writings, Sherryl Kasper accounts for the ideological influence of these pioneers on theoretical work, and illustrates that they played a primary role in founding the theoretical and philosophical use of rules as the basis of macroeconomic policy. A case study of the way in which interwar pluralism transcended to postwar neoclassicism is also featured
    Abstract: 1. Introduction -- 2. Frank Hyneman Knight, the moral philosopher -- 3. Henry Calvert Simons, author of the blueprint -- 4. Friedrich von Hayek and the Austrian influence -- 5. Milton Friedman and monetarism -- 6. James Buchanan and public choice theory -- 7. Robert E. Lucas -- Jr. and new classical economics -- 8. Conclusion
    Note: Includes bibliographical references (p. 153-171) and index
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  • 23
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035304523
    Language: English
    Pages: 1 Online-Ressource (x, 241 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Wu, Yanrui, 1964 - The macroeconomics of East Asian growth
    DDC: 338.95
    Keywords: Macroeconomics ; East Asia Case studies Economic conditions
    Abstract: During the past few decades the economies of East and South East Asia have grown at a significant rate, resulting in a large proportion of the world's population being relieved from poverty in a relatively short space of time. This unprecedented phenomena underlines the importance of understanding the driving forces behind the growth 'miracle' of East Asia. Yanrui Wu addresses some of the most critical macroeconomic issues associated with East Asian growth. Principally focusing on the most rapidly emerging economies in the region, the author covers a broad base of topics. Several determinants of growth are examined and in each case an analytical framework is applied to empirical data. Specific themes include: * economic openness and growth * stock market development * intra-industry trade * growth engines in Singapore * productivity growth in Taiwan * the Asian financial crisis. Employing both cross-country analyses and case studies of individual economies, this important new book substantially contributes to the many debates surrounding economic growth in East Asia. The author's concise yet absorbing style will appeal to economic researchers, lecturers and students of economics, as well as business economists and market analysts
    Description / Table of Contents: Contents: Preface -- 1. Introduction -- 2. Openness and growth -- 3. The impact of stock markets -- 4. Intra-industry trade -- 5. The role of productivity growth -- 6. Mechanics of growth: The singaporean experience -- 7. Asian financial crisis and recovery -- Bibliography -- Index.
    Note: Includes bibliographical references (pages 224-236) and index
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  • 24
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar Pub
    ISBN: 9781843765332
    Language: English
    Pages: 1 Online-Ressource (xi, 171 p)
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Fitzgibbons, Athol The nature of macroeconomics
    DDC: 339
    RVK:
    Keywords: Makroökonomik ; Keynesianismus ; Neoklassische Theorie ; Theorie ; Macroeconomics ; Makroökonomie ; Neoklassische Theorie ; Electronic books ; Makroökonomie
    Abstract: This book addresses the long absence of a satisfactory theory of macroeconomics. Keynesian theory is not consistent with rational self-interest, but neo-classical economics is unable to explain economic volatility and the trade cycle. Athol Fitzgibbons critiques the leading macroeconomic theories, which he believes are unduly mechanistic because they are incompatible with non-quantitative knowledge
    Abstract: pt. 1. The economics of indeterminacy -- pt. 2. A critique of macroeconomics -- pt. 3. Economics and practical reason
    Note: Includes bibliographical references (p. 159-165) and index
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  • 25
    Online Resource
    Online Resource
    Cheltenham : Edward Elgar Pub
    ISBN: 9781781008393
    Language: English
    Pages: 1 Online-Ressource (xiii, 367 p) , ill
    Series Statement: Economists of the twentieth century series
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Elektronische Reproduktion von Leijonhufvud, Axel, 1933 - 2022 Macroeconomic instability and coordination
    DDC: 339
    RVK:
    RVK:
    Keywords: Makroökonomik ; Geldtheorie ; Geldpolitik ; Inflation ; Theorie ; Macroeconomics ; Financial crises ; Economic policy ; Electronic books ; Aufsatzsammlung ; Makroökonomie
    Abstract: Axel Leijonhufvud has made a unique contribution to the development of macroeconomic theory. This volume draws together his insightful essays dealing with the extremes of economic instability: great depressions, high inflation and the transition from socialism to a market economy. In several of the papers, Leijonhufvud brings a neo-institutionalist perspective to the problems of coordination in economic systems
    Abstract: pt. 1. Keynesianism, monetarism and rational expectations -- pt. 2. Monetary regimes and inflation -- pt. 3. Markets, firms and the division of labor -- pt. 4. Problems of socialist transformation -- pt. 5. Reflections
    Note: Includes bibliographical references (p. 337-353) and index
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  • 26
    Online Resource
    Online Resource
    Cheltenham, UK : Edward Elgar Publishing
    ISBN: 9781035303625
    Language: English
    Pages: 1 Online-Ressource (xvi, 348 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Beyond the representative agent
    DDC: 339
    Keywords: Macroeconomics ; Social interaction ; Economics Sociological aspects
    Abstract: This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system with heterogeneous agents and not simply a system which treats aggregates as some 'representative' individual. The authors consider that no sector of the economy can be treated as behaving like a single individual and each sector should be modelled as a complex interactive system. They apply this approach to many macro- and micro- analyses including monetary policy and firms, technological innovation and the insider-outsider model. In conclusion the authors find that this approach proves much more fruitful in explaining empirical phenomena than much of the existing theory. The result of this approach to economic theory which encompasses many realistic features, provides a vision of the economy which is not at odds with common sense, but which does not abandon rigorous analysis. This important book will be welcomed by those interested in both macro and micro economic theory
    Description / Table of Contents: Contents: Introduction -- 1. Interaction and market -- 2. Tutorial on social interaction economics -- 3. Multilevel interactions with a Keynesian flavour in a stochastic macroeconomic model -- 4. Economic theory and 'conformism' -- 5. Firms' size and monetary policy -- 6. Agents' heterogeneity and coordination failure -- 7. Compartmental analysis of economic systems with heterogeneous agents -- 8. Macroeconomic fluctuations and heterogeneous agents -- 9. Fluctuations and growth due to technological innovation and diffusion -- 10. Hysteresis and economics -- 11. An insider-outsider model with non-trivially heterogeneous labour force -- 12. Agents' heterogeneity, financial fragility, and learning -- Index.
    Note: Includes bibliographical references and index
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  • 27
    ISBN: 9781781959985
    Language: English
    Pages: 1 Online-Ressource (xi, 244 pages) , illustrations
    Parallel Title: Erscheint auch als
    Parallel Title: Elektronische Reproduktion von Financial constraints and markets failures
    DDC: 330.15/6
    Keywords: Keynesian economics ; Neoclassical school of economics ; Macroeconomics
    Abstract: This innovative book shows how new Keynesian economics has reacted to the challenges of new classical economics. It argues that new Keynesian economists have responded positively to the challenge and strengthened the analytical power of their models. The first part of the book offers a critical reconstruction of the two crucial strains developed in new Keynesian economics. Firstly, the analysis of nominal and real rigidities based on imperfect competition in markets and secondly the analysis of capital market imperfections based on information asymetries. The authors argue that the constraints and market failures of new Keynesian models need to be specified. In the second part they focus on the financial constraint of credit rationing, the market failure of unemployment equilibria and the links between financial constraints and the workings of the labour market in economic cycles. The analysis of this does not provide a solution to all the analytical problems of the new Keynesian framework, but assesses the strengths and weaknesses of new Keynesian economics. The authors suggest that new Keynesian economics has opened a promising path of research which could make a pathbreaking contribution to macroeconomic theory
    Description / Table of Contents: Contents: Preface -- 1. The new Keynesian economics: A survey -- 2. An investigation into the new Keynesian macroeconomics of imperfect capital markets -- 3. New Keynesian economics and sequence analysis -- 4. Credit rationing with loans of variable size -- 5. Market imperfections, unemployment equilibria and nominal rigidities -- 6. Nominal shocks, net worth and economic activity: A new Keynesian view of the monetary transmission mechanism -- Index.
    Note: Includes bibliographical references and index
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  • 28
    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
    Keywords: Economics ; Microeconomics ; Macroeconomics ; Finance ; Marketing ; Paradox ; Puzzles
    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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  • 29
    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
    Keywords: Finance Econometric models ; Investments Econometric models ; Macroeconomics
    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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  • 30
    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
    Keywords: Macroeconomics
    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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