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The author examines the development of economics from ancient Greece to the modern welfare state, arguing that its "history cannot be understood apart from the circumstances that shaped the economic beliefs of the time, including the powerful influences that bent those beliefs to what best served the financial advantage of those who espoused them."
Description
This book argues that there is no one best institutional arrangement for organizing modern societies. Therefore, the market should not be considered the ideal and universal arrangement for coordinating economic activity. Instead, the editors argue, the economic institutions of capitalism exhibit a large variety of objectives and tools that complement each other and cannot work in isolation. The various chapters of the book explore challenging issues...
Description
Here, twenty economists in mid-career (nineteen scholars and an economics journalist) bring together personal accounts of their work and lives. The contributors were asked to elaborate on their methods of working and their private thoughts. The result is a rich set of biographies, addressing issues such as the effects of politics on work and vice versa, family life, creativity in and inspired by the workplace, the study of law and economics, and the...
Author
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"The book explores the key principles of free-market economics and discusses their rhetorical underpinnings. In showing how these ideas have permeated policy decisions around such contemporary issues as the minimum wage, the farm crisis, and the role of unions, Aune draws out the ways that seemingly objective arguments and terminology have been used to advance ideological ends. He provides lively, critical readings of leading free-market intellectuals,...
Author
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Just one generation ago, lawyers dominated Mexico's political elite, and Mexican economists were a relatively powerless group of mostly leftist nationalists. Today, in contrast, the country is famous, or perhaps infamous, for being run by American-trained neoclassical economists. In 1993, the Economist suggested that Mexico had the most economically literate government in the world--a trend that has continued since Mexico's transition to multi-party...
Description
Women economists rarely feature in most textbooks on the history of economic thought before 1960, despite the many articles and theses produced by them in the period. Why is their work so little studied? What did they write about? Who listened to them, supported them or hindered them? Women of Value seeks to better understand the lives and work of the women who helped to build the economics profession. A number of these papers focus on the sociology...
Author
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Economic reforms in China have led to the creation of an entirely new social class: the business elite. Entrepreneurs in the foreign and private sectors have benefited tremendously from the new economic freedoms in China, but have they pushed for political reforms as well? To explore this question, Margaret Pearson conducted extensive interviews with Chinese-born managers of foreign-sector firms and researched the activities of private-sector entrepreneurs....
Author
Description
Adam Smith's System of Liberty, Wealth, and Virtue analyses the influence of Smith's philosophy on his economic theories. It considers the significance of his Stoic beliefs, and examines his theories of art and science, of law and rhetoric, and of history, politics, and war. It shows how Smith based his system of thought on the heretical moral notion that virtue was relevant to this world rather than the next. Smith believed that unworldly philosophies...
Author
Description
Adam Smith was a philosopher before he ever wrote about economics, yet until now there has never been a philosophical commentary on the Wealth of Nations. Samuel Fleischacker suggests that Smith's vastly influential treatise on economics can be better understood if placed in the light of his epistemology, philosophy of science, and moral theory. He lays out the relevance of these aspects of Smith's thought to specific themes in the Wealth of Nations,...
Author
Description
This book develops an integrated approach to understanding the American economy and national elections. Economic policy is generally seen as the result of a compromise between the President and Congress. Because Democrats and Republicans usually maintain polarized preferences on policy, middle-of-the-road voters seek to balance the President by reinforcing in Congress the party not holding the White House. This balancing leads, always, to relatively...
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