A radical new approach to economic policy that addresses the symptoms and causes of inequality in Western society todayFueled by populism and the frustrations of the disenfranchised, the past few years have witnessed the widespread rejection of the economic and political order that Western countries built up after 1945.
Most developed economies are characterized by high levels of inequality and an inability to provide stability or opportunity for many of their citizens.
In a wide number of economic problems the equilibrium values of the variables can be regarded as solutions of a parametrized constrained maximization problem.
A reevaluation of what money is-and what it might beQuestions about the nature of money have gained a new urgency in the aftermath of the global financial crisis.
Evolution of the Property Relation defines an approach to economics which is centered around the concept of property and explores the historical evolution of the relationship of the individual, private property, and the state, and the distinctive changes wrought by the emergence of the market.
This book focuses on identifying and explaining the key determinants of scenario analysis in the context of operational risk, stress testing and systemic risk, as well as management and planning.
Demonstrating that there are (superior) alternatives to the modern macroeconomic mainstream and its DSGE (dynamic stochastic general equilibrium) models, this book presents the cutting edge in macroeconomic modelling, economic policy, and methodology from the perspective of heterodox economic thinking.
Portfolio theory and much of asset pricing, as well as many empirical applications, depend on the use of multivariate probability distributions to describe asset returns.
Approaching work as at heart a practice of exchange, this volume explores sociality in work environments marked by the kind of structural changes that have come to define contemporary flexible capitalism.
In dieser Arbeit werden die wichtigsten Schätz- und Testverfahren für kointegrierte Zeitreihen dargestellt, wobei insbesondere ihre Vorzüge und Nachteile herausgestellt werden.
Originally published in 1982, this book begins with a wide-ranging and critical review of both first and second generation theories of inflation (and the related problem of unemployment), including the classical approach to macroeconomics.
Financialization is a set of processes which has led to a financially driven and commodified economy with rising inequality, tax avoidance, and a lack of investment in the physical and social infrastructure.
The edited volume New Economies for Sustainability: Limits and Potentials for Possible Futures brings together a range of alternative views on economy and organization to illustrate different perspectives on how to work towards more sustainable solutions to production, consumptions and economic organization more generally.
Justice, Sustainability, and Security not only enhances our knowledge of these issues, but it teases out our moral dimensions and offer prescriptions for how governments and global actors might craft their policies to better consider their effects on the global human condition.
This volume scrutinizes the functionality of a capitalist market society, which is usually praised for the efficiency and dynamism, rather than for its morality.
The Enigma of Soviet Petroleum (1980) provides an analysis of the relevance of the Soviet planning system to oil production levels: why it is that planning has been the source of so many petroleum industry problems, and the nature of the measures that are being taken to overcome them.
The Pacific region is in the final stage of the demographic transition with declining fertility and expanding life expectancy, where significant changes in population size and age distribution, i.
This book explores how corruption is now widely recognized as a major "e;disease"e; which threatens not only economic development but also the foundations of societies.
Originally published in 1967, this book examines the major problems of trade and aid policy posed for the developed countries by the UN Conference on Trade and Development in 1964.
Active at the time when the social sciences were founded, Max Weber's social theory contributed significantly to a wide range of fields and disciplines.
Drawing on a range of data from across disciplines, this book explores a series of fundamental questions surrounding the nature, working and effects of democracy, considering the reasons for the emergence and spread of democratic government, the conditions under which it endures or collapses - and the role of wealth in this process - and the peaceful nature of dealings between democracies.
This Festschrift is published in honour of Annalisa Rosselli, a political economist and historian of economic thought, whose academic activity has promoted unconventional ways of thinking throughout her career.
This treatise delves into the latest advancements in stochastic volatility models, highlighting the utilization of Markov chain Monte Carlo simulations for estimating model parameters and forecasting the volatility and quantiles of financial asset returns.
This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous.
