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Describes the intellectual process by which Real Business Cycle models developed, focusing on the core elements in the development of RBC models: building blocks, catalysts, and meta-syntheses.
This book looks at the long journey of Smith's ideas from Scotland to peninsular Spain, reconstructing in detail the reception, adaptation, interpretation, and application of Smith's central concepts from 1777 up to 1840.
Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance.
This work details the theological sources and moral significance of the life and work of the Scottish moral philosopher Adam Smith (1723-1790).
An Economic Philosophy of Production, Work and Consumption presents a new transhistorical framework of defining production, work and consumption. It shows that they all share the common feature of intentional physical transformation of something external to the agent, at some point in time.The book opens with a discussion of various theoretical traditions within economics, spanning mainstream and heterodox perspectives, and problems with production definitions in use today. Next, the author outlines various definitions in a more formal manner and provides a discussion on measurement and the production boundary. Unproductive work is redefined as socially reproductive, i.e. such that would not be performed on a Robinson Crusoe Island. Finally, the volume applies the new conceptual framework to various historical cases and discusses the future of production, work and consumption.This essential volume will be of interest to scholars of economic philosophy and methodology, the history of economic thought, economic history and national accounting.The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.
Drawing on recent work in the contemporary philosophy of economics, this book presents new ideas on liberalism, including the concept of 'growth-oriented liberalism'.Since the end of the Cold War, questions and definitions of liberalism have moved from the sphere of political systems (the socialism versus liberalism debates) to the sphere of ethics (what it means to live in a liberal society). The chapters in this work trace the trajectory of the concept of liberalism in the philosophy of economics by exploring the ideological implications of the methodological debate between socialism and liberalism, the idea of liberty as real freedom, the ethical implications of Max Weber's methodology on autonomy and liberty, and new typological theories of ideologies in the context of contemporary economic ethics.This book marks a significant contribution to the literature on liberalism in the philosophy of economics and economic methodology, and is highly recommended for readers who seek updated ideas on liberal society in its ethical and philosophical contexts.
This book examines the role of the German Historical School of Economics (GHSE) in the development of the discipline of economics in the US from the 1870s up until the beginning of WWI.
This edited collection seeks to advance thinking on money and the monetary nature of the economy, macroeconomic analysis and economic policy, setting it within the context of current scholarship and global socioeconomic concerns, and the crisis in the economics discipline.
Poverty in the History of Economic Thought: From Mercantilism to Neoclassical Economics aims to describe and critically examine how economic thought deals with poverty and the poor, including its causes, consequences, reduction, and abolition.This edited volume traces the economic ideas of key writers and schools of thought across a significant period, ranging from Adam Smith and Malthus through to Wicksell, Cassel, and Heckscher. The chapters relate poverty to income distribution, asserting that poverty is not always conceived of in absolute terms, and that relative and social deprivation matter also. Furthermore, the contributors deal with both individual poverty and the poverty of nations in the context of international economy. By providing such a thorough exploration, this book shows that the approach to poverty differs from economist to economist, depending on their particular interests and the main issues related to poverty in each epoch, as well as the influence of the intellectual climate that prevailed at the time when the contribution was made.This key text is valuable reading for advanced students and researchers of the history of economic thought, economic development, and the economics of poverty.
This book discusses key issues in economic policy in the context of the history of economic thought.
This new volume from a leading group of international authors and contributors provides a nuanced exploration of the history of Chinese economic thought.
The essays in this volume explore and discuss the process of dissemination of economic ideas among Europe's less developed countries and regions, as well as the interaction between economic thought and economic policy during the nineteenth century.
This collection brings together major Pareto scholars who examined the various aspects of Pareto's thinking, from the point of view both of the history of economics and economic theory.
This book considers the relationship between Hayek and Mill, taking issues with Hayek's criticism of Mill and providing a broader perspective of the liberal tradition, featuring chapters from Ross Emmett, Leon Montes and Robert Garnett.
This book investigates from the perspective of the major economic dictionaries and encyclopaedias the notions of crises and cycles, featuring entries from Pascal Bridel, Cecile Dangel-Hagnauer, Ludovic Frobert, Harald Hagemann and Alain Raybaut.
This book consists of contributions by distinguished economists from Europe, the US and Japan, covering a range of topics chosen according to Bertram Schefold's main fields of research, from Wicksell to Sraffa to Marx.
This book proposes a comparative study of the history of manuals of political economy in the most representative countries for the development of economics in the 19th and early 20th centuries demonstrating and the 'professionalisation' of economics.
Classical Political Economy and Modern Theory comprises twenty essays, grouped thematically into five sections. Part 1 examines political economy and its critique, Part 2 looks at entrepreneurship, evolution and income distribution, Part 3 discusses Cambridge, Keynes and macroeconomics, Part 4 explores crisis and cycles, whilst Part 5 is dedicated to personal reminiscences.
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