Evolutionary Macroeconomics (Routledge Revivals)

Evolutionary Macroeconomics (Routledge Revivals)
Author: John Foster
Publisher: Taylor & Francis
Total Pages: 325
Release: 2013-02-01
Genre: Business & Economics
ISBN: 1136646248

First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented. The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.

Evolutionary Macroeconomics (Routledge Revivals)

Evolutionary Macroeconomics (Routledge Revivals)
Author: John Foster
Publisher: Routledge
Total Pages: 326
Release: 2013-02-01
Genre: Business & Economics
ISBN: 113664623X

First published in 1987, Evolutionary Macroeconomics offers an evolutionary approach to macroeconomics as an alternative to contemporary new classical and Keynesian macroeconomics. In order to develop such an approach, an alternative view of the micro-foundations of macroeconomics is presented. The book begins with a commentary on the state of macroeconomics and an evaluation of attempts to redevelop its underlying vision of economic behaviour. Particular attention is paid to the treatment of expectations and anticipations. The second part of the book presents a behavioural framework which is compatible with an evolutionary perspective on economic behaviour. The third part of the book discusses the implications of adopting an evolutionary approach to macroeconomic theory, empirical methods and policy design, culminating in a specific policy proposal to cure stagflation.

The Evolution of Institutional Economics

The Evolution of Institutional Economics
Author: Geoffrey Martin Hodgson
Publisher: Psychology Press
Total Pages: 568
Release: 2004
Genre: Business & Economics
ISBN: 9780415322539

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.

Types of Economic Theory

Types of Economic Theory
Author: Othmar Spann
Publisher: Routledge
Total Pages: 330
Release: 2013-09-05
Genre: Business & Economics
ISBN: 113665884X

First published in English 1929, this is a reissue of the nineteenth edition of Othmar Spann's classic history of economic thought, which is strongly influenced by the German Romantic tradition. Spann intended the work to serve as both history of economic thought and a critique of the main theories and systems of political economy, analysing the basic problems of economics in the light of the evolution of economic theory. His study encapsulates everything from pre-mercantile economics through to the political economy of the early twentieth century, encompassing such diverse subjects as the physiocratic system, the development of German political economy and the evolution of socialism.

Historians, Economists, and Economic History (Routledge Revivals)

Historians, Economists, and Economic History (Routledge Revivals)
Author: Alon Kadish
Publisher: Routledge
Total Pages: 234
Release: 2010-11-30
Genre: Biography & Autobiography
ISBN: 1136826718

First published in 1989, Alon Kadish’s study re-examines the standard view held by historians of economic thought whereby economic history emerged from the historicist criticism of neoclassical economic theory. He also demonstrates how the discipline evolved as an extension of the study of history. The study will appeal to students and scholars in historiography, the development of higher education and in the history if economic thought in general, as well as all those interested in the evolution of Oxford and Cambridge.

The Evolution of Economic and Innovation Systems

The Evolution of Economic and Innovation Systems
Author: Andreas Pyka
Publisher: Springer
Total Pages: 637
Release: 2015-03-03
Genre: Business & Economics
ISBN: 3319132997

This book is at the cutting edge of the ongoing ‘neo-Schumpeterian’ research program that investigates how economic growth and its fluctuation can be understood as the outcome of a historical process of economic evolution. Much of modern evolutionary economics has relied upon biological analogy, especially about natural selection. Although this is valid and useful, evolutionary economists have, increasingly, begun to build their analytical representations of economic evolution on understandings derived from complex systems science. In this book, the fact that economic systems are, necessarily, complex adaptive systems is explored, both theoretically and empirically, in a range of contexts. Throughout, there is a primary focus upon the interconnected processes of innovation and entrepreneurship, which are the ultimate sources of all economic growth. Twenty two chapters are provided by renowned experts in the related fields of evolutionary economics and the economics of innovation.

Geo-economics and Power Politics in the 21st Century

Geo-economics and Power Politics in the 21st Century
Author: Mikael Wigell
Publisher: Routledge
Total Pages: 276
Release: 2018-07-06
Genre: Political Science
ISBN: 1351172263

Starting from the key concept of geo-economics, this book investigates the new power politics and argues that the changing structural features of the contemporary international system are recasting the strategic imperatives of foreign policy practice. States increasingly practice power politics by economic means. Whether it is about Iran’s nuclear programme or Russia’s annexation of Crimea, Western states prefer economic sanctions to military force. Most rising powers have also become cunning agents of economic statecraft. China, for instance, is using finance, investment and trade as means to gain strategic influence and embed its global rise. Yet the way states use economic power to pursue strategic aims remains an understudied topic in International Political Economy and International Relations. The contributions to this volume assess geo-economics as a form of power politics. They show how power and security are no longer simply coupled to the physical control of territory by military means, but also to commanding and manipulating the economic binds that are decisive in today’s globalised and highly interconnected world. Indeed, as the volume shows, the ability to wield economic power forms an essential means in the foreign policies of major powers. In so doing, the book challenges simplistic accounts of a return to traditional, military-driven geopolitics, while not succumbing to any unfounded idealism based on the supposedly stabilising effects of interdependence on international relations. As such, it advances our understanding of geo-economics as a strategic practice and as an innovative and timely analytical approach. This book will be of much interest to students of security studies, international political economy, foreign policy and International Relations in general.

Financial Economy

Financial Economy
Author: Smita Roy Trivedi
Publisher: Taylor & Francis
Total Pages: 201
Release: 2018-04-09
Genre: Business & Economics
ISBN: 1351233211

This book examines how contemporary financial economy evolved as the predominant economic system, and why unabated accumulation of financial capital takes place in such systems. It reviews the mechanics of accumulation of wealth by tracing the historical roots of financial capital. Traversing the evolutions of capitalist systems since the 1850s till recent times, Financial Economy provides a lucid and logical explanation of the phenomenon. It uses a new methodology based on economic circuit of stocks and flows following the early ideas of the French economists of the 18th century and the contemporary Circuit school. It provides an alternative framework for studying economic systems design, keeping aside the orthodox neoclassical analysis of equilibrium market exchange. Further, it highlights the global financial circuit, the state of the current digitalised economy with electronic money transfers, consumer’s decision-making and expected future earnings, and questions the relevance of some fundamental concepts of economics as well as economic policies. Using a notion of sequential economy, it also shows how present economic activities are treading upon the future. This book will interest students and researchers of advanced macroeconomics, political economy, heterodox economics, economic history, and evolutionary economics. The historical account of the evolutions of capital, interest, and corporate structures will also be of interest to general readers.

Marshall, Marshallians and Industrial Economics

Marshall, Marshallians and Industrial Economics
Author: Tiziano Raffaelli
Publisher: Taylor & Francis
Total Pages: 338
Release: 2011-03-28
Genre: Business & Economics
ISBN: 1136841830

This book focuses on both Marshall and the Marshallian tradition, revisiting the 1920s and 1930s debates on business size, external economies, coordination and management costs including contributions from Roger Backhouse and Richard Arena.