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This volume represents a contribution to the philosophy of economics with a distinctive point of view -- the contributors have selected particular areas of economics and have probed these areas for the philosophical and methodological issues that they raise.
Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects.
Keynes and the Classics Reconsidered is a collection of scholarly work re-evaluating Keynes's revolution in economic thought, both in the method of macroeconomic reasoning and in policy-making.
Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy;
any malignant tumor . setting up secondary tumors . Each individual primary tumor has its own pattern . To be sure, all wars have features in common - people are killed and property is destroyed - but in their origin wars are likely to be at least as different as the social structures from which they arise.
Offers a look at the paradigmatic foundations and basic theoretical propositions of economics. This volume provides an approach to economics that allows developments in various strands of Evolutionary Economics to be integrated and major positions of Neoclassical Economics to be reconsidered.
Ira Horowitz Depending upon one's perspective, the need to choose among alternatives can be an unwelcome but unavoidable responsibility, an exciting and challenging opportunity, a run-of-the-mill activity that one performs seem ingly "without thinking very much about it," or perhaps something in between.
Even as actual economic policies (especially in North America and Europe) have tended to move towards focusing on virtues other than the avoidance of economic inequality, the professional literature on assessing and gauging economic inequality has taken quite a jump forward.
This book helps scholars and policy analysts formulate more effective policy alternatives by a better understanding of institutional design. A fundamental understanding of institutional design requires theories of institutions and institutional change.
Arguing that contemporary economic and political change make household level behaviour increasingly significant in the economy, this text investigates interrelations between household and economic change.
Coordination is extremely important in economic, political, and social life. The volume contains original research on coordination including general game-theoretic questions, particular coordination issues within specific fields of economics (i.e.
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment.
On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes.
Covers the core body of intergovernmental fiscal relations, including optimal size for jurisdictions and assignment of public sector functions, the formulation and execution of tax policy in an intergovernmental setting, and the appropriate structure and use of intergovernmental transfers.
The volume attempts to cover some areas in the field and focuses on topics such as income determination and the intergenerational transmission of income generation, the changing role of women in the labor force, fertility, and income tax treatment of the family.
It is often said that everyone understands precisely what is meant by the notion of probability-except those who have spent their lives studying the matter. Are random variables simply improperly measured deterministic variables, or inherently random? The same type of difficulty arises when attempting to produce a volume on microeconomic theory.
This collection of papers reflects the variety of interpretations and definitions connected with the concept of `mercantilism' which have evolved historically during the last two centuries. They range from interpretations of `mercantilistic' ideas to interpretations of policies.
Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory.
In the last decade the techniques of social choice theory, game theory and positive political theory have been combined in interesting ways so as to pro vide a common framework for analyzing the behavior of a developed political economy.
Contributors to this volume synthesize studies dealing with various aspects of corruption and present some new questions regarding the origin and impact of corruption.
This book contains analyses of all these issues, done by a variety of economists of differing backgrounds, approaches and opinions, broadly categorized under the labels Neoclassical, Institutionalist, and Marxist, although there are overlaps and correspondences that cross ideological and/or paradigmal boundaries.
National income estimates date back to the late 17th century, but only in the half-century since the Second World War have economic accounts developed in their present form, becoming an indispensable tool for macroeconomic analysis, projections and policy formulation.
For much of the last three decades or more economic methodology has been dominated by the work of Karl Popper who advocated the position that science is what it is by virtue of its adherence to certain ideals.
Although there is a burgeoning interest among economists in `information economics', much of the literature adopts a reductionist conceptualization of information, defining it exclusively as reduction in uncertainty, exploring the implications of imperfect information on markets.
A situation in economics that is little short of scandalous is the almost total neglect by mainstream economics of the importance of power in economic affairs. Power in this context means the ability to bend market forces in one's favor, influencing and shaping key economic variables such as prices, wages, and other income determinants.
Each chapter of Macroeconometrics is written by respected econometricians in order to provide useful information and perspectives for those who wish to apply econometrics in macroeconomics.
In the former category are topics on standard issues in the interpretation of Keynes's economics: the transition in Keynes's thinking from the The Treatise on Money to The General Theory, the nature of the argument in The General Theory, and Keynes's economic policy views.
This book contains the papers that were presented in 1994 at the conference "Transaction Cost Economics and Beyond" organized by GRASP at the Tinbergen Institute in Rotterdam.
Can economists bring any interesting (and disinterested) contribution to the public policy debate? If so, what is the relation of their contribution to the fundamental values that inform social ethics and that are still guarded to a large extent by religious tradition?
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