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Author: Ingo Barens
Publisher: Edward Elgar Publishing
ISBN: 9781845421526
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
The influence of political developments on the evolution of economic thought is the main theme behind this book. As the authors reveal throughout the book, history has shown many times that political events can trigger the formulation of new economic conceptions that in turn influence the future economic development of a country. The papers are arranged into five main areas of interest: monetary theory and policy economic crisis in France and the emergence of the physiocratic school the co-evolution of political ideas and economic thought in different countries and periods in Europe continuity and discontinuity in Russian economic thought attempted economic solutions to the problems posed by the Great Depression and the associated political transformation. Political Events and Economic Ideas will hold great appeal and interest for researchers and scholars of political thought, as well as historians of economic thought worldwide.
Author: Ingo Barens
Publisher: Edward Elgar Publishing
ISBN: 9781845421526
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
The influence of political developments on the evolution of economic thought is the main theme behind this book. As the authors reveal throughout the book, history has shown many times that political events can trigger the formulation of new economic conceptions that in turn influence the future economic development of a country. The papers are arranged into five main areas of interest: monetary theory and policy economic crisis in France and the emergence of the physiocratic school the co-evolution of political ideas and economic thought in different countries and periods in Europe continuity and discontinuity in Russian economic thought attempted economic solutions to the problems posed by the Great Depression and the associated political transformation. Political Events and Economic Ideas will hold great appeal and interest for researchers and scholars of political thought, as well as historians of economic thought worldwide.
Author: Wesley Widmaier
Publisher: Cambridge University Press
ISBN: 1107150310
Category : Business & Economics
Languages : en
Pages : 275
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Book Description
This book argues that intellectual stability causes recurrent market instability, tracing crises from the Great Crash to the Global Financial Crisis.
Author: Bruno S. Frey
Publisher: Springer
ISBN: 3319474588
Category : Business & Economics
Languages : en
Pages : 166
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Book Description
Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Author: Mark Blyth
Publisher: Oxford University Press
ISBN: 0199389446
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
Selected as a Financial Times Best Book of 2013 Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer. That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we austerity for what it is, and what it costs us.
Author: Wesley W. Widmaier
Publisher: Cambridge University Press
ISBN: 1316790975
Category : Political Science
Languages : en
Pages : 275
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Book Description
Over the past century, the rise and fall of economic policy orders has been shaped by a paradox, as intellectual and institutional stability have repeatedly caused market instability and crisis. To highlight such dynamics, this volume offers a theory of economic ideas in political time. The author counters paradigmatic and institutionalist views of ideas as enabling self-reinforcing path dependencies, offering an alternative social psychological argument that ideas which initially reduce uncertainty can subsequently fuel misplaced certainty and crises. Historically, the book then traces the development and decline of the progressive, Keynesian, and neoliberal orders, arguing that each order's principled foundations were gradually displaced by macroeconomic models that obscured new causes of the Great Depression, Great Stagflation, and Global Financial Crisis. Finally, in policy terms, Widmaier stresses the costs of intellectual autonomy, as efforts to 'prevent the last crisis' have repeatedly obscured new causes of crises.
Author: William K. Tabb
Publisher: Routledge
ISBN: 1134621639
Category : Business & Economics
Languages : en
Pages : 314
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Book Description
This volume offers an original perspective on the questions the great economists have asked and looks at their significance for todays world. Written in a provocative and accessible style, it examines how the diverse traditions of political economy have conceptualised economic issues, events and theory. Going beyond the orthodoxies of mainstream economics it shows the relevance of political economy to the debates on the economic meaning of our times. Reconstructing Political Economy is a timely and thought-provoking contribution to a political economy for our time. In this light it offers fresh insights into such issues as modern theories of growth, the historic relations between state and market and the significance of globalisation for modern societies.
Author: Gregory M. Collins
Publisher: Cambridge University Press
ISBN: 1108489400
Category : Business & Economics
Languages : en
Pages : 581
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Book Description
This book explores Edmund Burke's economic thought through his understanding of commerce in wider social, imperial, and ethical contexts.
Author: Israel M. Kirzner
Publisher: Ludwig von Mises Institute
ISBN: 161016282X
Category : Economics
Languages : en
Pages : 252
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Book Description
Author: Clyde W. Barrow
Publisher: Transaction Publishers
ISBN: 9781412829106
Category : Political Science
Languages : en
Pages : 324
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Book Description
Charles A. Beard (1874-1948) was one of America's most influential historians and political scientists. He played a major role in founding the disciplines of history and political science, helped shape the teaching of social studies in the nation's public schools, and was one the nation's most popular public intellectuals. Yet in the second half of the twentieth century, Beard's reputation has been eroded by relentless criticism. Clyde W. Barrow argues that Beard's work has renewed relevance in light of recent theoretical debates about the new institutionalism, the crisis of the welfare state, and American foreign policy messianism. Barrow's takes Beard seriously as a political theorist, while challenging many misconceptions. For example, Beard's method of economic interpretation has been dismissed as Marxist, but Barrow carefully reconstructs the sources of Beard's thinking to demonstrate that his method owes more to historical and institutional economics and that his concept of state-society relations was in fact derived from Madison's Tenth Federalist. Barrow reconstructs Beard's theory of American political development using his concept of realistic dialectics, which viewed the clash between democracy (Jeffersonianism) and capitalism (Hamiltonianism) as the engine of American political development. During the 1930s, Beard suggested that the United States was making the transition to a higher form of social and industrial democracy that would supersede the contradiction of American political development. Notably, Beard was a critic of the New Deal and the liberal welfare state, because they failed to reconstruct the economic relations that reproduce inequalities of income, status, and power. Beard went on to voice his concern that at crucial junctures in American history, class struggle is diverted into international conflicts as popular leaders back down from a direct confrontation with the dominant capitalist elite. He analyzes American foreign policy as an extension of domestic economic policy and, in particular, a result of the failures of domestic economic policy. Beard's conception of American history plays itself out in a tragic cycle of imperialism and diversion that left him a disenchanted realist. This incisive study will be of interest to those intrested in the evolution of historical thinking.
Author: Jacob S. Hacker
Publisher: Cambridge University Press
ISBN: 1316516369
Category : History
Languages : en
Pages : 487
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Book Description
Drawing together leading scholars, the book provides a revealing new map of the US political economy in cross-national perspective.
