Bücher der Reihe Recent Economic Thought

The market power hypothesis asserts that racial discrimination and market competition are inversely correlated. When applied to the labor market, the mar ket power hypothesis suggests that pre- and post-labor market decisions represent disjoint sets.

The scholars invited to contribute the primary essays for this collection were given three mandates. The first was to survey the contemporary research in their assigned fields and to provide a bibliography that would give any interested scholar an entree into the literature. The second was to develop their own interpretive perspective on the economic literature of their assigned period. The third, and perhaps the most difficult, was to be very brief and concise. In a project of this type it would be difficult to extrapolate themes or evolutionary sequences that run through the literature over the two thousand years spanned by this survey. To some degree, the invited commentators provide a fund of suggestions that will stimulate interested readers to pursue this line of synthesis for themselves. The editor of this collection did not even entertain the idea of trying to coordinate the presentations and commentaries of this intellectually erudite and diverse group of scholars into agreed upon lines of interpretation. There is enough material, however, to provide a reference base for the interested scholar who desires to follow particular ideas from period to period.

Although there is a burgeoning interest among economists in `information economics', much of the literature adopts a reductionist conceptualization of information, defining it exclusively as reduction in uncertainty, exploring the implications of imperfect information on markets.

A situation in economics that is little short of scandalous is the almost total neglect by mainstream economics of the importance of power in economic affairs. Power in this context means the ability to bend market forces in one's favor, influencing and shaping key economic variables such as prices, wages, and other income determinants.

Each chapter of Macroeconometrics is written by respected econometricians in order to provide useful information and perspectives for those who wish to apply econometrics in macroeconomics.

In the former category are topics on standard issues in the interpretation of Keynes's economics: the transition in Keynes's thinking from the The Treatise on Money to The General Theory, the nature of the argument in The General Theory, and Keynes's economic policy views.

This book contains the papers that were presented in 1994 at the conference "Transaction Cost Economics and Beyond" organized by GRASP at the Tinbergen Institute in Rotterdam.

Can economists bring any interesting (and disinterested) contribution to the public policy debate? If so, what is the relation of their contribution to the fundamental values that inform social ethics and that are still guarded to a large extent by religious tradition?

While economic theory has played an important role in the shaping of regulatory policy in the past, it has an even greater potential role to play in the future as the regulatory community grapples with the many challenges of a changing economic environment.

Presents the interrelationships and possible connecting threads between two attempts within economic theory to step out of the mainstream of conventional neoclassical wisdom - evolutionary and neo-Schumpeterian theory.

Upon hearing that Ronald Coase had been awarded the Nobel Prize, a fellow economist's first response was to ask with whom Coase had shared the Prize.

This volume contains original essays by outstanding scholars working within several of the dominant genres in contemporary political economy: neoclassical public finance, public choice, and Marxian analysis.

Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects.

Even after half a century of work and much criticism, the driving importance of foreign aid shows no sign of abating.

This book contains analyses of all these issues, done by a variety of economists of differing backgrounds, approaches and opinions, broadly categorized under the labels Neoclassical, Institutionalist, and Marxist, although there are overlaps and correspondences that cross ideological and/or paradigmal boundaries.

How successful is PPP, and its extension in the monetary model, as a measure of the equilibrium exchange rate? This volume encompasses all of the competing views of equilibrium exchange rate determination, from PPP, through other reduced form models, to the macroeconomic balance approach.

Thweatt This book is the second in three surveys of the literature in the history of economic thought in the Kluwer Recent Economic Thought series. This middle book surveys the writings on classical political economy for the past 30 years, or roughly since the publication of Joseph Schumpeter's 1954 monumental History of Economic Analysis.

People live by ideas which help them to make sense of their experiences. Economic Thought and Political Theory, concentrates on the ideas of Plato, Steuart, Mill, Schumpeter, Hayek, Buchanan, the Catholic social economists and the property-rights tradition.

Is there any common ground among economists of different schools concerning the role or roles to be played by theory? I knew (or thought I knew) what economists who believe in interven tionist policy were going to say, but I was unsure what other economists would say.

This volume represents a contribution to the philosophy of economics with a distinctive point of view -- the contributors have selected particular areas of economics and have probed these areas for the philosophical and methodological issues that they raise.

Foreign aid has been an area of active scholarly investigation since the end of the Second World War, but particularly since the early 1950s when a large number of the erstwhile colonies became independent. Part I deals with some theoretical aspects of foreign aid, while the second part analyzes some general policy aspects.

Keynes and the Classics Reconsidered is a collection of scholarly work re-evaluating Keynes's revolution in economic thought, both in the method of macroeconomic reasoning and in policy-making.

Money, Financial Institutions and Macroeconomics presents a comparative and international perspective on the current state of research in monetary theory, and the application of monetary theory to important policy issues. The book is subdivided into four main parts: Part I reviews the theory of a monetary and credit economy;

any malignant tumor . setting up secondary tumors . Each individual primary tumor has its own pattern . To be sure, all wars have features in common - people are killed and property is destroyed - but in their origin wars are likely to be at least as different as the social structures from which they arise.

Offers a look at the paradigmatic foundations and basic theoretical propositions of economics. This volume provides an approach to economics that allows developments in various strands of Evolutionary Economics to be integrated and major positions of Neoclassical Economics to be reconsidered.

Ira Horowitz Depending upon one's perspective, the need to choose among alternatives can be an unwelcome but unavoidable responsibility, an exciting and challenging opportunity, a run-of-the-mill activity that one performs seem ingly "without thinking very much about it," or perhaps something in between.

Even as actual economic policies (especially in North America and Europe) have tended to move towards focusing on virtues other than the avoidance of economic inequality, the professional literature on assessing and gauging economic inequality has taken quite a jump forward.