On Political Economists And Modern Political Economy
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On Political Economists and Political Economy by Professor Geoffrey Harcourt Pdf
Included in this volume are papers which are recognized as some of the foundations of post-Keynesian Economics, analysing problems set in historical time and starting from 'real world' observations. The book reflects Geoff Harcourt's contribution to economic debate over more than three decades. It also includes intellectual biographies of some of the most prominent and leading unorthodox economists, such as Kenneth Boulding, Eric Russell and Lorie Tarshis.
Classical Political Economics and Modern Capitalism by Lefteris Tsoulfidis,Persefoni Tsaliki Pdf
This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.
Modern Political Economics by Yanis Varoufakis,Joseph Halevi,Nicholas Theocarakis Pdf
Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.
From Political Economy to Economics by Dimitris Milonakis,Ben Fine Pdf
Shows how economics was once rich, diverse, multidimensional and pluralistic. Details how political economy became economics through the desocialisation and dehistoricisation of the dismal science.
Modern Political Economy by Jeffrey S. Banks,Eric Alan Hanushek Pdf
Political economy has been an essential realm of inquiry and has attracted myriad intellectual adherents for much of the period of modern scholarship. The discipline's formal split into the distinct studies of political science and economics in the nineteenth-century, while advantageous for certain scientific developments, has biased the way economists and political scientists think about many issues, and has placed artificial constraints on the study of many important social issues. This volume calls for a reaffirmation of the importance of the unified study of political economy, and explores the frontiers of the interaction between politics and markets. This volume brings together intellectual leaders of various areas, drawing upon state-of-the-art theoretical and empirical analysis from each of the underlying disciplines. Each chapter, while beginning with a survey of existing work, focuses on profitable lines of inquiry for future developments. Particular attention is devoted to fields of active current development.
Political Economy and Contemporary Capitalism by Ron P. Baiman,Heather Boushey,Dawn Saunders Pdf
This volume covers the theoretical method, macroeconomics, microeconomics, international trade and finance, development, and policy of economic theory. It incorporates various alternative approaches as well as a broad spectrum of policy issues.
After Adam Smith by Murray Milgate,Shannon C. Stimson Pdf
'After Adam Smith' looks at how politics & political economy were articulated & altered in the century following the publication of Smith's 'Wealth of Nations'.
Political Economy for the 21st Century by Charles J. Whalen Pdf
Provides a coherent and practical alternative to conventional economics--one that draws on neoclassical and non-neoclassical insights into a coherent and practical alternative to conventional economics. The book brings together Lester Thurow, Robert Heilbroner, Alice Amsden, Barry Bluestone, and 11 other prominent economists from America and England to revitalize economic theory and policy in light of the pressing issues of the 1990s--and to provide a starting point for research into the real-world challenges to be confronted in the rapidly approaching third millennium. Four main sections--Provisioning, Ethics and Gender; Firms, Human Resources and Money; and Macroeconomics, Structural Change and Distribution; Competitiveness, Trade and Development--include original essays by prominent economists from America and England (including Lester Thurow, Robert Heilbroner, Alice Amsden, and Barry Bluestone). The book --considers the future shape of economics from an explicitly non-neoclassical perspective; --synthesizes neoclassical and non-neoclassical insights into a coherent and practical alternative to standard economics--a political economy that is both capable of addressing the real-world challenges of the late 1990s and useful as a starting point for the 21st century; --demonstrates how the redefinition of economics found at the core of this political economy leads not only to a methodological foundation that is fundamentally different from the one supporting economic orthodoxy but also to a new perspective on both theory and policy; --emphasizes common
New Perspectives on the History of Political Economy by Robert Fredona,Sophus A. Reinert Pdf
This volume offers a snapshot of the resurgent historiography of political economy in the wake of the ongoing global financial crisis, and suggests fruitful new agendas for research on the political-economic nexus as it has developed in the Western world since the end of the Middle Ages. New Perspectives on the History of Political Economy brings together a select group of young and established scholars from a wide variety of disciplinary backgrounds—history, economics, law, and political science—in an effort to begin a re-conceptualization of the origins and history of political economy through a variety of still largely distinct but complementary historical approaches—legal and intellectual, literary and philosophical, political and economic—and from a variety of related perspectives: debt and state finance, tariffs and tax policy, the encouragement and discouragement of trade, merchant communities and companies, smuggling and illicit trades, mercantile and colonial systems, economic cultures, and the history of economic doctrines more narrowly construed. The first decade of the twenty-first century, bookended by 9/11 and a global financial crisis, witnessed the clamorous and urgent return of both 'the political' and 'the economic' to historiographical debates. It is becoming more important than ever to rethink the historical role of politics (and, indeed, of government) in business, economic production, distribution, and exchange. The artefacts of pre-modern and modern political economy, from the fourteenth through the twentieth centuries, remain monuments of perennial importance for understanding how human beings grappled with and overcame material hardship, organized their political and economic communities, won great wealth and lost it, conquered and were conquered. The present volume, assembling some of the brightest lights in the field, eloquently testifies to the rich and powerful lessons to be had from such a historical understanding of political economy and of power in an economic age.
State, Institutions and Democracy by Norman Schofield,Gonzalo Caballero Pdf
This book presents a set of original and innovative contributions on state, institutions and democracy in the field of political economy. Modern political economy has implied the interaction between politics and economics to understand political, electoral and public issues in different nations, and in this volume a group of leading political economists and political scientists from Europe, America and Asia provides theoretical advances, modelling and case studies on main topics in political economy. The analysis of the role and performance of politics and democracy in diverse nations implies the study of the organization of the state, lobbying, political participation, public policies, electoral politics, public administration and the provision of public services. This book provides advances in the research frontier of these topics and combines historical evidence, institutional analysis, mathematical models and empirical analysis in an interdisciplinary approach. Political and social scientists, economists and those interested in the performance of states, democracy and elections can find new research results in this volume.
