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Economics and Art Theory
Drawing on an interdisciplinary panel of contributors, this book presents a stimulating dialogue between economics and art theory and considers how this might aid our understanding of both areas of research. The collection explores themes which both fields share, including rationality, abstraction and model building, the nature of social reality, representation and transformation. The contributions employ a broad range of methods to investigate the links between economics and art, and their coverage includes architecture, history of ideas, art theory, literature studies and beyond. This innovative volume will be of interest to advanced students and scholars of economic theory, cultural economics, literary and art theory and it intends to be a starting point for new avenues of interdisciplinary research.
Environment and Ecology in the History of Economic Thought
This volume proposes a reconsideration of ecological and environmental aspects of the work and ideas of various heterodox authors and traditions in the history of economic thought, including the field of economic development. Many of the contributors to this book focus on thinkers and works which are not typically considered as part of the ecological sphere, while others consider such economists in a new light or domain. Thus, the book elucidates a new and useful research field of reconsidering ecological dimensions in the traditional history of economic thought as well as helping to delineate alternative views for ongoing debates on ecological themes. Did Veblen, Keynes, Sraffa, C. Furtado ...
Innovative Approaches in Computational Structural Engineering
Nowadays, numerical computation has become one of the most vigorous tools for scientists, researchers and professional engineers, following the enormous progress made during the last decades in computing technology, in terms of both computer hardware and software development. Although this has led to tremendous achievements in computer-based structural engineering, the increasing necessity of solving complex problems in engineering requires the development of new ideas and innovative methods for providing accurate numerical solutions in affordable computing times. This collection aims at providing a forum for the presentation and discussion of state-of-the-art innovative developments, concep...
Some Cambridge Controversies in the Theory of Capital
The Cambridge Capital Controversy was one of the most significant debates in Twentieth Century economics. First published in 1972, this book provides an accessible reconstruction of the controversy with detailed discussion of the major points raised by its primary protagonists: Piero Sraffa and Joan Robinson on the post-Keynesian side (Cambridge, UK) and Robert Solow and Paul Samuelson on the neo-classical side (Cambridge, MA). The book is now considered to be a classic. This fiftieth anniversary edition comes with a new preface by the author and two new afterwords that reflect on the author's contribution to the field and the significance of the book in the history of economics. Topics covered include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.
What is Neoclassical Economics?
Despite some diversification modern economics still attracts a great deal of criticism. This is largely due to highly unrealistic assumptions underpinning economic theory, explanatory failure, poor policy framing, and a dubious focus on prediction. Many argue that flaws continue to owe much of their shortcomings to neoclassical economics. As a result, what we mean by neoclassical economics remains a significant issue. This collection addresses the issue from a new perspective, taking as its point of departure Tony Lawson’s essay ‘What is this ‘school’ called neoclassical economics?’. Few terms are as controversial for pluralist and heterodox economists as neoclassical economics. Th...
Globalization and the Decline of American Power
This book explores America’s decline as a global power, arguing that the implosion of Pax Americana was initiated by the process of globalization, preceding the collapse of the Soviet Union by nearly a decade. The era of Pax Americana, and with it American hegemony, is conclusively passed, and will not return in current global conditions. There is a stark contrast between the present epoch and the postwar era of American hegemony (1945–1979) in which the United States, at least outside of the Soviet sphere of influence, largely managed the international economy and reigned over international politics and relations. Drawing on both theoretical and empirical evidence, this book shows that ...
China, Trust and Digital Supply Chains
China, Trust and Digital Supply Chains presents a critical reflection on blockchain technologies in the context of their adoption in China and the world that China is engaged in and shaping. Approaching the issues of blockchain technology adoption and development on China’s own terms is critical if policy makers and others are to make effective sense of one of the key dynamics shaping the next few decades of the global landscape. The work challenges the ‘trust’ trope that dominates much discussion of blockchain technology’s application. It argues, contrary to the predominant trust trope, that blockchain is not about trust at all. It shows that China’s re-imagining of the 21st centu...
Rethinking the Keynesian Revolution
While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this dichotomy is in many respects superficial. This book argues that both Keynes and Hayek developed their theories of the business cycle within the tradition of Knut Wicksell.
Identity, Capabilities, and Changing Economics
Mainstream economics assumes economic agents act and make decisions to maximize their utility. This model of economic behavior, based on rational choice theory, has come under increasing attack in economics because it does not accurately reflect the way people behave and reason. The shift towards a more realistic account of economic agents has been mostly associated with the rise of behavioral economics, which views individuals through the lens of bounded rationality. Identity, Capabilities, and Changing Economics goes further and uses identity analysis to build on this critique of the utility conception of individuals, arguing it should be replaced by a conception of economic agents in an uncertain world as socially embedded and identified with their capabilities. Written by one of the world's leading philosophers of economics, the book develops a new approach to economics' theory of the individual, explaining individuals as adaptive and reflexive rather than utility maximizing.
Bernard Schmitt’s Quantum Macroeconomic Analysis
The aim of Bernard Schmitt’s analysis of the monetary economy of production was twofold: to introduce and to explain the logical character of the macroeconomic laws governing our economies and to explain the origin of the pathologies that follow if these laws are not complied with. Schmitt’s main original contributions concern the theories of value, profit, and capital, as well as his explanation of inflation, unemployment and international payments, unified as quantum macroeconomic analysis. This book expounds on the key principles of quantum macroeconomic analysis as he conceived and developed them. Schmitt’s starting point was the analysis of bank money and the way it is associated ...
