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Economic Biology and Behavioral Economics: The Prophesy of Alfred Marshall (Routledge Advances in Behavioural Economics and Finance)
by Gerald A. Cory Jr.Economic Biology and Behavioral Economics: The Prophesy of Alfred Marshall explores the prophesy of Alfred Marshall, the grand synthesizer of neoclassical economics, that the "Mecca of the economist lies in economic biology". The book presents the proof of that prophesy through examination and establishment of the fundamental biological science necessary and then applying that science to the examination of current economic theory. In doing so, the book focuses primarily on the fundamentals of neoclassical economic theory— which is the reigning theory and the general framework of which is taught as "science" in first courses in college economics. These courses are at best an idealization, if not an ideology, of the discipline—presented to fresh minds misleadingly as confirmed science. The book examines the bases and the history of these idealizations, points to the sources of their error from the biological perspective and suggests a path forward for the discipline. Through this process, the book demonstrates the power of the biological perspective anticipated by Marshall. This book provides invaluable reading for anyone interested in the future of economics and economic theory, and particularly those interested in behavioral economics and neuroeconomics.
The Economic Causes of the English Civil War: Freedom of Trade and the English Revolution
by George YerbyThis is a coordinated presentation of the economic basis of revolutionary change in 16th- and early-17th century England, addressing a crucial but neglected phase of historical development. It traces a transformation in the agrarian economy and substantiates the decisive scale on which this took place, showing how the new forms of occupation and practice on the land related to seminal changes in the general dynamics of commercial activity. An integrated, self-regulating national market generated new imperatives, particularly a demand for a right of freedom of trade from arbitrary exactions and restraints. This took political force through the special status that rights of consent had acquired in England, based on the rise of sovereign representative law following the Break with Rome. These associations were reflected in a distinctive merchant-gentry alliance, seeking to establish freedom of trade and representative control of public finance, through parliament. This produced a persistent challenge to royal prerogatives such as impositions from 1610 onwards. Parliamentary provision, especially legislation, came to be seen as essential to good government. These ambitions led to the first revolutionary measures of the Long Parliament in early 1641, establishing automatic parliaments and the normative force of freedom of trade.
Economic Challenges Facing Japan’s Regional Areas
by Tatsuo HattaThis book analyzes issues related to economic challenges for Japan's regional revitalization. Japan's responses to such challenges and to the problem of an aging population are of deep interest to the nations outside of Japan. This book brings together 19 articles contributed by Japan's leading scholars, originally prepared for an online policy information portal, SPACE NIRA launched by the Nippon Institute for Research Advancement (NIRA) with Dr. Tatsuo Hatta, President of the Asian Growth Research Institute, as its General Editor. This book is a significant and useful reference for all scholars, students, and individuals with an interest in current policy issues in Japan.
Economic Change in Modern Indonesia
by Anne BoothIndonesia is often viewed as a country with substantial natural resources which has achieved solid economic growth since the 1960s, but which still faces serious economic challenges. In 2010, its per capita GDP was only nineteen per cent of that of the Netherlands, and twenty-two per cent of that of Japan. In recent decades, per capita GDP has fallen behind that of neighbouring countries such as Malaysia and Thailand, and behind China. In this accessible but thorough new study, Anne Booth explains the long-term factors which have influenced Indonesian economic performance, taking into account the Dutch colonial legacy and the reaction to it after the transfer of power in 1949. The first part of the book offers a chronological study of economic development from the late nineteenth to the early twenty-first century, while the second part explores topics including the persistence of economic nationalism and the ongoing tensions between Indonesia's diverse regions.
The Economic Civil Rights Movement: African Americans and the Struggle for Economic Power (Routledge Studies in African American History #1)
by Michael EzraEconomic inequalities have been perhaps the most enduring problem facing African Americans since the civil rights movement, despite the attention they have received from activists. Although the civil rights movement dealt successfully with injustices like disenfranchisement and segregated public accommodations, economic disparities between blacks and whites remain sharp, and the wealth gap between the two groups has widened in the twenty-first century. The Economic Civil Rights Movement is a collection of thirteen original essays that analyze the significance of economic power to the black freedom struggle by exploring how African Americans fought for increased economic autonomy in an attempt to improve the quality of their lives. It covers a wide range of campaigns ranging from the World War II era through the civil rights and black power movements and beyond. The unfinished business of the civil rights movement primarily is economic. This book turns backward toward history to examine the ways African Americans have engaged this continuing challenge.
The Economic Consequences of Peace (The\best Sellers Of 1920 Ser.)
by John Maynard Keynes Paul A. VolckerGenerally regarded as the most influential social science treatise of the 20th century, this work by legendary economist John Maynard Keynes is relevant reading even today for anyone who wants to understand international economics and foreign affairs. First published in 1919, The Economic Consequences of Peace created an intense and immediate controversy for its brazen criticism of world leaders and the Treaty of Versailles that ended World War I. Keynes argued that as a blueprint for peace, it was destined to create tension and conflict ahead...and history proved him right when world war broke out again within a generation. The popularity of this key work, and its place in history, helped cement Keynes's status as one of the 20th century's principal economists.
The Economic Consequences of the Peace: With a new introduction by Michael Cox (The\best Sellers Of 1920 Ser.)
by John Maynard KeynesFirst published in December 1919, this global bestseller attacking those who had made the peace in Paris after the First World War, sparked immediate controversy. It also made John Maynard Keynes famous overnight and soon came to define how people around the world viewed the Versailles Peace Treaty. In Germany the book, which argued against reparations, was greeted with enthusiasm; in France with dismay; and in the US as ammunition that could be (and was) used against Woodrow Wilson in his ultimately unsuccessful bid to sell the League of Nations to an increasingly sceptical American public. Meanwhile in his own country the book provoked outrage amongst establishment critics – Keynes was even refused membership of the prestigious British Academy – while admirers from Winston Churchill to the founders of the LSE, Sidney and Beatrice Webb, went on to praise Keynes for his wisdom and humanity. Keynes may have written what he thought was a reasoned critique of the economics of the peace settlement. In effect, he had penned a political bombshell whose key arguments are still being debated today. The Economic Consequences of the Peace is now reissued by Keynes’ publisher of choice with a new introduction from Michael Cox, one of the major figures in the field of International Relations today. Scholarly yet engaged and readable, Cox’s introduction to the work – written a century after the book first hit the headlines – critically appraises Keynes' polemic contextualising and bringing to life the text for a new generation of scholars and students of IR, IPE, Politics and History. The original text and this authoritative introduction provide essential reading for anyone who wishes to understand the tragedy that was the twentieth century; why making peace with former enemies can be just as hard as winning a war against them; and how and why ideas really do matter.
The Economic Consequences of the Peace
by Robert Lekachman John Maynard KeynesJohn Maynard Keynes, at the time a rising young economist, abruptly resigned his position as adviser to the British delegation negotiating the peace treaty ending World War I. Frustrated and angered by the Allies' focus on German war guilt, Keynes predicted that the vindictive reparations policy, which locked Germany into long-term payments, would not only stifle the German economy for another generation but leave Europe in ruins. Published in 1919, Keynes's The Economic Consequences of the Peace aroused heated debates throughout Europe; his remarkably prescient conclusions were frequently cited by German leaders during the decades between the wars. Keynes's well-reasoned yet impassioned arguments, peppered with biting portraits of the statesen involved in the peace treaty-including Llyod George, Georges Clemenceau, and Woodrow Wilson-brought him immediate fame. "The most important economic document relating to World War I and its aftermath" -John Kenneth Galbraith .
The Economic Consequences of the Peace (The\best Sellers Of 1920 Ser.)
by Paul A. Volcker John Maynard KeynesA new edition of the seminal text by the father of modern economics.First published in 1919, John Maynard Keynes's The Economic Consequences of the Peace created immediate controversy. Keynes was a firsthand witness to the negotiations of the Paris Peace Conference, as an official representative of the British Treasury, and he simultaneously sat as deputy for the chancellor of the Exchequer on the Supreme Economic Council. In these roles, he was able to perceive with great clarity the tenor and perspective that would come to shape Europe after the First World War. What he saw disturbed him greatly, and eventually he resigned from both these roles, convinced that there was no longer any way to avoid an unjust peace treaty.After his resignation, Keynes began work on The Economic Consequences of the Peace, which argues that the peace made at the end of World War I was an unfair, dehumanizing one for Germany and the other vanquished countries. Keynes's warning proved prophetic when Hitler and the Nazi Party rose to power fourteen years later as a direct result of the disastrous economic condition in Germany. Keynes's predictions helped cement his status as one of history's leading economists. His works are essential reading today for anyone who wishes to understand modern governments and economies. This edition also includes an introduction from former Chairman of the Federal Reserve Paul Volcker, who elegantly contextualizes the continuing relevance of Keynes's work to contemporary society.
The Economic Consequences of the War: West Germany's Growth Miracle after 1945 (Cambridge Studies in Economic History - Second Series )
by Tamás VonyóThe 'German Question' dominated much of modern European history. In 1945, Germany was defeated and conquered. Yet, the Second World War did not destroy the foundations of her economic power. <P><P>Dr Tamás Vonyó revisits Germany's remarkable post-war revival, tracing its roots not to liberal economic reforms and the Marshall Plan, but to the legacies of the war that endowed Germany with an enhanced industrial base and an enlarged labour force. He also shows that Germany's liberal market economy was in reality an economy of regulated markets, controlled prices and extensive state intervention. <P>Using quantitative analysis and drawing on a rich historiography that has remained, in large part, unknown outside of Germany, this book reassesses the role of economic policy and the importance of wartime legacies to explain the German growth miracle after 1945 and the sharply contrasting experiences of East and West Germany.<P> Combines vast amounts of research, comprising contemporary economic and statistical analyses and historical studies that are not easily obtainable.<P> The book's rich quantitative evidence is presented in an accessible form and placed into a broader historical context with the data being of interest to both economists and historians.<P> Each chapter focuses on a unique aspect of Germany's economic development, making the information easy to navigate.
The Economic Consequences of U.S. Mobilization for the Second World War
by Alexander J. FieldA reminder that war is not always, or even generally, good for long-term growth Many believe that despite its destructive character, war ultimately boosts long‑term economic growth. For the United States this view is often supported by appeal to the experience of the Second World War, understood as a triumph of both production and productivity. Alexander Field shows that between 1941 and 1945 manufacturing productivity actually declined, depressed by changes in the output mix and resource shocks from enemy action, including curtailed access to natural rubber and, on the Eastern Seaboard, petroleum. The war forced a shift away from producing goods in which the country had a great deal of experience toward those in which it had little. Learning by doing was only a partial counterbalance to the intermittent idleness and input hoarding that characterized a shortage economy and dragged down productivity. The conflict distorted human and physical capital accumulation and once it ended, America stopped producing most of the new goods. The war temporarily shut down basic scientific research and the ongoing development of civilian goods. U.S. world economic dominance in 1948, Field shows, was due less to the experience of making war goods and more to the country&’s productive potential in 1941.
Economic Crisis and Crisis Theory
by Paul Mattick Jr.Keynesian economics claimed to have overcome the problem of economic depressions. However, as Mattick argues that crises are inherent within capitalism and that neither the market nor Keynesianism can stop "the steady deterioration of the economy". Written in 1974, Economic Crisis and Crisis Theory is one of Mattick's most valuable contributions to the Marxist critique of political economy and radical theory in general.
Economic Crisis And Political Economy
by Riccardo Bellofiore Ewa Karwowski Jan ToporowskiRosa Luxemburg, Oskar Lange and Michal Kalecki made important contributions to twentieth century political economy that guided the thinking of their student Tadeusz Kowalik. The chapters of this volume examine how the ideas of Luxemburg, Lange, Kalecki and Kowalik can illuminate our understanding of the crisis in twenty-first century capitalism.
Economic Crisis in Europe
by Joan Debardeleben Crina VijuThe financial crisis of 2008-09 took an unexpected turn upon challenging a core symbol of Europe's integration project, the Euro. In this volume, leading experts tackle questions on the capacity of the EU to respond, the manner discontent electorates will hold their leaders to account, and the implications for Europe's future relations with Russia.
The Economic Decline of Empires
by Carlo M. CipollaThe question of why empires decline and fall has attracted the attention of historians for centuries, but remains fundamentally unsolved. This unique collection is concerned with the purely economic aspects of decline. It can be observed of empires in the process of decline that their economies are generally faltering. Here the similarities in different cases of economic decline are identified, bearing in mind that individual histories are characterized by important elements of originality. In his introduction, Professor Cipolla points out that improvements in standards of living brought about by a rising economy lead to more and more people demanding to share the benefits. Incomes increase and extravagances develop, as new needs begin to replace those which have been satisfied. Prosperity spreads to neighbouring countries, which may become a threat and force the empire into greater military expenditure. For these and other reasons, public consumption in mature empires has a tendency to rise sharply and outstrip productivity and, in general, empires seem to resist change. The ten articles in this collection, first published in 1970, examine separate cases of economic decline, from Rome and Byzantium to the more recent histories of the Dutch and Chinese empires, and demonstrate both the resemblances and the peculiarly individual characteristics of each case.
Economic Development and Global Crisis: The Latin American Economy in Historical Perspective (Routledge Studies in the History of Economics #161)
by José Luís Cardoso Maria Cristina Marcuzzo María Eugenia Romero SoteloThis edited collection uses a history of economic thought perspective to explore the evolving role of Latin America within the context of globalization. In particular, it examines the region’s resilience in the face of the global financial crisis. Economic Development and Global Crisis explains that Latin America is a region with distinct characteristics and peculiarities which have been shaped from the colonial era up to the present day. The contributions suggest that several features which were perceived as economic backwardness have turned out to be advantageous, and this may explain why Latin America is withstanding the crisis much better than Europe, Japan and the USA. This book will be of interest to scholars working in the areas of economic development, economic history, the history of economic thought and Latin American studies.
Economic Development In The Americas Since 1500: Endowments And Institutions
by Stanley L. Engerman Kenneth L. Sokoloff Stephen Haber Elisa V. Mariscal Eric M. ZoltThis book brings together a number of previously published articles by Stanley L. Engerman and Kenneth L. Sokoloff. Its essays deal with differences in the rates of economic growth in Latin American and mainland North America, specifically the United States and Canada. It demonstrates how relative differences in growth over time are related to differences in the institutions that developed in different economies. This variation is driven by differences in major institutions - suffrage, education, tax policy, land and immigration policy, and banking and financial organizations. These factors, in turn, are all related to differences in endowments, climate, and natural resources. Providing a comprehensive treatment of its topic, the essays have been revised to reflect new developments and research.
Economic Development in Modern China Before 1949 (China Perspectives)
by Guan QuanAs the first volume of a two-volume set on Chinese economic history, this book investigates Chinese economic development between 1912 and 1949 and unravels the overall level during that time. From the perspective of development economics, the two-volume set studies the economic history and development of China since 1912, with a focus on the quantitative analysis of economic activities. Comprised of two core parts, this first volume, centering on the period of the Republic of China, first describes the historical process and characteristics of the economy at different stages and then looks into the momentum and inner logic that underpin the economic development. The former part covers issues of agriculture, industry, population, and labour force, urbanization, price changes, people’s consumption and living standard, regional difference, etc. The latter part includes discussions on natural and human resources, capital formation and technological progress, the role of government and finance, international trade, and foreign capital. This title will be an interesting read for scholars and students working on Chinese economic history, the Chinese economy, and modern Chinese society.
Economic Development in Modern China Since 1949 (China Perspectives)
by Guan QuanAs the second volume of a two-volume set on the Chinese economic history, this book investigates Chinese economic development since 1949, uncovering the momentum, unique models, and general laws of economy in China.From the perspective of development economics, the two-volume set studies the economic history and development of China since 1912, with a focus on the quantitative analysis of economic activities. This volume describes the historical process and characteristics of the economy since 1949, then looks into the momentum and inner logic that underpin the economic development. The former part covers issues of agriculture, industry, population and labor force, urbanization and mobility, income distribution and poverty, and price changes. The latter part includes analyses on the capital formation, human resources, technological progress, institutions, macro policies, international trade, and direct investment.This title will interest scholars and students working on Chinese economic history, the Chinese economy, and modern Chinese society.
Economic Development in Pacific Asia
by Hafiz Akhand Kanhaya GuptaDuring the period 1965 to 1990 East Asia was the world’s fastest growing region. Economic Development in Pacific Asia provides illuminating, non-technical perspectives on key facets of the region’s economies. The text focuses on the eight countries which accounted for the majority of the economic growth: Japan, Hong Kong, Taiwan, Republic of Korea, Indonesia, Malaysia, Singapore and Thailand. Empirical evidence is used to provide a revealing, multi-dimensional statistical profile of the countries as well as the region as a whole. Rather than present a statistical history of each country, the text highlights the relative performance in terms of the variables which are studied within each chapter. Akhand and Gupta examine a range of popular topics including: the relative role of factors accumulation versus technology change factor price distribution and employment growth, poverty and income distribution the Asian Crisis and corruption. In addition, the book examines topics rarely covered in the current economics literature such as urbanization, the gender gap and the digital divide. It provides an accessible and wide ranging assessment of the existing evidence and current arguments on East Asian economic development, and is a valuable addition to economists, policy makers and those interested in Asian economic affairs.
Economic Development in Tatarstan: Global Markets and a Russian Region (Routledge Contemporary Russia and Eastern Europe Series #Vol. 4)
by Leo McCannBased on extensive original research in the Republic of Tatarstan, in the Central Volga region of Russia, this book examines the economic development path followed by Tatarstan since the collapse of the Soviet Union and the Russian financial crash of 1998. It argues that the roles of global capitalism and globalisation are somewhat exaggerated in much contemporary academic literature. In the case of Tatarstan, a strong state role, tightly-knit local elite networks, and the inheritance of the Soviet politic and industrial systems are the most important socio-economic formations in explaining the region's development.
Economic Development in the Long Run (Economic History Ser.)
by A. J. YoungsonThis book enlarges our understanding of economic development by bringing together items or aspects of historical experience relevant to the present-day problems of developing countries; by looking at the problems over a longer period than is usual in development economics, so that the influence of underlying forces may be made evident; and by comparing the experiences of different countries in similar situations. A variety of countries are dealt with and most of the significant problems in development economics are covered in one context or another. The authors of this symposium, each an internationally acknowledged authority, offer expert assessments of development as it has actually taken place. The chapter by Professor Rosovsky shows what is significant, what is peculiar and what could be imitated in Japan; Professor Black takes the little-studied case of Ireland, and Dr Macpherson gives an informed and balanced account of Indian development. This unique book was first published in 1972.
Economic Development in the Middle East
by Rodney WilsonThis new edition examines how development in the Middle East is being influenced by global economic change. This comparative textbook focuses on the region’s strengths, and highlights development success, especially in the Gulf, Turkey and Israel. The major structural changes in the economies of the Middle East are analysed and current employment challenges are discussed. The impact of demographic changes is considered, notably the dramatic decline in birth rates which will have implications for future employment. The contribution of banks and capital markets to the region’s development is appraised, including that of Islamic financial institutions which play a prominent role in the Gulf Cooperation Council (GCC) countries but are on the margins of the financial systems elsewhere. Historically, development in the GCC was linked to oil and gas production and prices, a key issue being whether these are being decoupled as economies diversify and become more self-sustaining. The evidence on this from the GCC is encouraging, with transparent and accountable financial management and major improvements in economic governance despite the lack of democracy. Examining the drivers of economic development in the Middle East in a regional and global context, this fully updated textbook is a key resource for students and academics interested in economic development and the political economy of the Middle East.
Economic Development in the Middle East, 2nd edition (Routledge Studies In Development Economics Ser.)
by Rodney WilsonBy examining economic development in the Middle East in the aftermath of the Arab Spring, this textbook introduces undergraduate and postgraduate students to the most pressing and topical economic issues in the contemporary Middle East. With comprehensive coverage of the entire region, the author examines the economic prospects for the Gulf and charts the growth of economic power in the region. Organised thematically, a full range of topics are discussed, including: the role of banks and capital markets in the region’s development the impact of demographic changes, such as the dramatic decline in birth rates and the implications for future employment the development of economic advances in oil and gas production the effects of the region’s economic development on international and inter-regional trade. Through discussing the region’s problems of the past as well as the present and future challenges, this book provides students with a compact and manageable review of the state of economic development in the Middle East.
Economic Development in the Nineteenth Century: France, Germany, Russia and the United States
by L.C.A. KnowlesTaken in conjunction the author’s earlier Industrial and Commercial Revolutions in Great Britain during the Nineteenth Century, this classic volume provides a thoroughly workmanlike study of the rise and progress of industrialism. Here she surveys the main developments in the agricultural, industrial, mechanical transport and commercial policy of France. Germany, Russia and the United States. It provides the handiest manual available of the comparative history of industrialism. It is an absolute godsend to students. This book was first published in 1932.