Economic theory and philosophy

The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product - where "e;marginal product"e; is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant.

Ever since the First World War, socialists have considered imperialism a calamity: responsible for militarism, economic stagnation, and assaults on democracy in metropolitan countries, an impediment to economic and cultural development in the Third World.

Economic Elites, Crises, and Democracy analyzes critical topics of contemporaneous capitalism.

This book presents the most significant theoretical articles by Bertram Schefold to illuminate the development and the present state of modern classical theory.

The major methodological task for modern economists has been to establish the testability of models.

Critical realism is a movement in philosophy and the human sciences most closely associated with the work of Roy Bhaskar.

First published in 1913, this Routledge Revivals title reissues J.

Dynamic stochastic general equilibrium (DSGE) models have become one of the workhorses of modern macroeconomics and are extensively used for academic research as well as forecasting and policy analysis at central banks.

Current systems are failing the poor because these systems are unable to provide the financial inclusion needed for basic subsistence and commerce, which in turn would drive micro- and macro-economic growth.

This collection of essays by prominent economists and philosophers showcases the important contributions that markets can make to important topics within social economics, including practical issues such as poverty and disaster relief, as well as more general concerns regarding ethics and well-being.

A century ago, John Maynard Keynes entered the Treasury to serve his country during the First World War, but as is well known, appalled by the terms of the end-of-war Treaty of Versailles, he abandoned the British delegation, outlining the predictable adverse results in the Economic Consequences of the Peace, published in 1919.

Various explanations have been put forward as to why the Keynesian Revolution in economics in the 1930s and 1940s took place.

First published in 1983.

This controversial book shows that there is more to economics than dry models and esoteric equations.

This book offers a detailed account, based on primary source materials from Britain, Canada, and Australia, of the process by which the Empire settlement programme and the Ottawa Agreements were devised.

Both a grounding in the origins and development of Keynesian economics, this study also looks at the ongoing significance of his work.

Stigma is a corrosive social force by which individuals and communities throughout history have been systematically dehumanised, scapegoated and oppressed.

This text challenges the traditional view of the history of econometrics and provides a more complete story.

An original work by eminent economists attempting to reconstruct economics as an evolutionary science, first published in 2005.

When this book was first published in 1990, there were massive economic changes in the East and significant economic challenges to the West.

This book brings together distinguished scholars who analyze the recent resurgence of inflation from the point of view of conflict among social classes over the appropriate distribution of income.

The world at large is watching both China and India as powerhouses of economic growth.

The Austrian School has made some of the most significant contributions to the social sciences in recent times but attempts to understand it have remained locked in a polemical frame.

This volume brings together the results of the symposium on 'Economic Development under Prolonged Occupation' held at Oxford University in January 1986.

In this age of overlapping and mutually reinforcing deep global crises (financial convulsions, global warming, mass migrations, militarism, inequality, selfish nation-states, etc.

The renewed interest in the works of the great classical economists reflects in part a recognition that there is still much to be learned from them about the operation of the economy.

Despite some diversification modern economics still attracts a great deal of criticism.

Macroeconomic policy is an applications-oriented text designed for individuals who desire a hands-on approach to analyzing the effects of fiscal and monetary policies.

How should we address today's big problems, and what we can take from icons of economics past?

There are many different forms of rationality.

In recent years, the focus of historians of economic thought has changed to also include the ideas and practices of contemporary economists.

Analysing the relationship between economic thought and capitalism from 1750 to the present, Douglas Dowd examines the dynamic interaction of two processes: the historical realities of capitalism and the evolution of economic theory.

Austrian Economics: The Next Generation brings together emerging and established scholars to explore the insights that can be gleaned from applying Austrian economics to a range of different topics.

Though the emerging sub-discipline of comparative political economy is now rich in studies of different advanced capitalisms, it still lacks a systematic consideration of the organizing frameworks and methodologies underpinning those studies.

Jacob Viner's The Customs Union Issue was originally published in 1950 by the Carnegie Endowment for International Peace.

This book argues for the reconsideration of Frank Knight and the Chicago School of Economic thought in a post-Financial Crisis world.

Trying to summarize the essentials of macroeconomic theory in the wake of the financial crisis that has shaken not only Western economies but also the macroeconomic profession is no easy task.

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This book is based on research from Russia, Hungary, Bulgaria, Great Britain, Switzerland and the Czech Republic on issues related to knowledge-based economy development.

In Collective Action and Exchange: A Game-Theoretic Approach to Contemporary Political Economy, William D.

Psalm 15 begins with two related questions: "e;LORD, who may dwell in your sanctuary?

Ideally, scientific theory and scientific measurement should develop in tandem, but in recent years this has not been the case in economics.

A History of Capitalist Transformation: A Critique of Liberal-Capitalist Reforms highlights how, since the recent financial crises, the expression 'liberal reform' has entered common parlance as an evocative image of austerity and economic malaise, especially for the working classes and a segment of the middle class.

Research in macroeconomics in the last thirty years has featured, almost exclusively on two characteristics: an emphasis on the microfoundations of macroeconomics and secondly, intertemporal economics, that is, the behavior of economic actors over time.

Macroeconomics is your guide to how economics shape how the world functions today.

This book outlines and analyzes the economic development of China between 1949 and 2007.

During the last decade I have explored the consequences of what I have chosen to call the 'consistent preferences' approach to deductive reasoning in games.

This volume is a collection of intellectual biographies of economists, which the author has written over the last 16 years.

Gardiner Means has a secure place in the history of 20th century economic thought, as the co-author with A.

In feudal society, it was the few at the top who laid the ground for what was produced, how it was produced and how it was distributed.