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Economics and Psychology
With the rise of modern behavioural economics and increasing interest in subjective well-being research, the question of the relationship between economics and psychology has again been brought to the fore. Drawing on the history of economic thought, this book explores the historical relationship between the two disciplines. The book opens with a description of the primary philosophical foundations for early arguments supporting the interplay between economics and psychology. Both classical economists and other prominent pre-marginalists writers are examined in this context. The ensuing discussion explores the marginalist revolution and how well-known economists like Jevons and Edgeworth, in...
Economic Policy and the History of Economic Thought
This book discusses key issues in economic policy in the context of the history of economic thought. Most of the current and past academic controversies in economics are, explicitly or implicitly, centred around the application and form of economic policy. This is particularly evident in the post-WWII period, with the appearance of economic policy as a distinguishable subfield, but important elements of various economic policy issues can be found throughout the history of economic thought. This book discusses various topics in economic policy – such as questions over state spending and taxation, income redistribution, and the role of money – with each chapter focusing on a particular per...
Schumpeter’s General Theory of Capitalism
Joseph A. Schumpeter made multiple contributions to economic science and beyond. Drawing on this wide range of writings, this book argues that Schumpeter provided a theoretical account of capitalism as a total phenomenon. It methodically reconstructs the “general theory” of capitalism present in Schumpeter's work and shows its consistency and limits. The book identifies three key dimensions of a Schumpeterian general theory of capitalism. First, capitalism is defined at its core as a form or method of economic change: the entrepreneur disrupts a static, equilibrium economy (which is the foundation of all economic activities) with the introduction of an innovation. He is an unbalancing an...
James Mill, John Stuart Mill, and the History of Economic Thought
Commemorating the 250th anniversary of James Mill’s birth and the 150th of John Stuart Mill’s death, this volume analyses the Mills’ discussions on topics such as environment, cultivation, education, utilitarianism, socialism, international relations, international trade, and living standard. John Stuart Mill is an important figure of the classical political economy, and his father played a critical role in the early stages of his intellectual development. The contributions of the two Mills are examined by leading scholars on the theory and history of economics from Japan, UK, and France. They not only deal with the Mills’ individual contributions but also shed light on their relationships and associations with a number of economists and philosophers in Britain between the late 18th and the early 20th centuries, including Adam Smith, Malthus, Ricardo, Pennington, Torrens, Martineau, Longfield, Morris, Sidgwick, and Marshall. This book is an essential read for scholars interested in the economics of James and John Mill, and reconsideration of their theories and thoughts using the backdrop of the current state of society.
Léon Walras’s Economic Thought
This book sheds new light on the general equilibrium theory of Léon Walras (1834–1910) from a historical perspective. Walras's construction of general equilibrium theory marked the dawn of modern economics, and the theory was greatly developed in the 20th century. However, Walras's own intentions and ideas behind the theory are still not fully understood. This book aims to clarify the intellectual background of Walras’s economics by delving into his original writings, which have not received much attention until now. Part 1 of the book reconsiders the relationship between Walras and his predecessors, Adam Smith (1723–1790), Jean-Baptiste Say (1767–1832), and Achylle Nicolas Isnard (...
A Concise Course of Mathematics with Applications
This book covers the following topics: Mathematical Philosophy; Mathematical Logic; the Structure of Number Sets and the Theory of Real Numbers, Arithmetic and Axiomatic Number Theory, and Algebra (including the study of Sequences and Series); Matrices and Applications in Input-Output Analysis and Linear Programming; Probability and Statistics; Classical Euclidean Geometry, Analytic Geometry, and Trigonometry; Vectors, Vector Spaces, Normed Vector Spaces, and Metric Spaces; basic principles of non-Euclidean Geometries and Metric Geometry; Infinitesimal Calculus and basic Topology (Functions, Limits, Continuity, Topological Structures, Homeomorphisms, Differentiation, and Integration, including Multivariable Calculus and Vector Calculus); Complex Numbers and Complex Analysis; basic principles of Ordinary Differential Equations; as well as mathematical methods and mathematical modeling in the natural sciences (including physics, engineering, biology, and neuroscience) and in the social sciences (including economics, management, strategic studies, and warfare problems).
Humanizing Business
This book is about humanizing business. In contrast to the mainstream modern management and leadership literature, this book provides distinctly humane perspectives on business. The volume travels outside the world of business to explore what Humanities – such as Philosophy, History, Literature, Creative Arts, and Cultural Studies – can offer to business. Renowned scholars from different Humanities disciplines, as well as management researchers exploring the heritage of Humanities, convey what it actually means to make business more humane. The book strives to humanize business. It aims to show that it is not people who have to suppress their human feelings, aspirations, and beliefs when...
The Economic Thought of Hilaire Belloc
Hilaire Belloc’s thinking on the economy constitutes, by its originality and acuity, a heterodox approach of the greatest interest in addressing the economic problems of his time and those of our own. Belloc’s main interest as a writer were on economics and history, and his works were praised by economists such as F. A. Hayek or Wilhelm Röpke and political philosophers such as Robert Nisbet and Russell Kirk, but his contributions have been often overlooked. To address that oversight, this book inserts Belloc ́s ideas into the academic dialogue on economics. Despite not being a trained economist, Belloc developed his thought based on a coherent system rooted in original elements such as...
Adam Smith’s Theory of Value and Distribution
Ever since the time of his early interpreters, beginning with David Hume, Adam Smith’s theory of value has been the subject of confusion and misunderstanding – including a controversy which still rages over whether Smith held a labour theory of value, and, if so, whether he held to it throughout Wealth of Nations, or if it was confined to the “Early and Rude State”? This book provides a close reading of Smith’s key text, and also incorporates material from the other parts of Smith’s oeuvre, especially from The Theory of Moral Sentiments, to yield original and important insights into Smith’s theory of value. The book operates on the assumption that Smith is proposing relatively ...
Adam Smith on the Ancients and the Moderns
The classics heavily influenced many aspects of European modern culture, yet it is not easy to trace their intellectual power on any author. In this volume, Gloria Vivenza takes on the impressive task of examining how philosophy, history, literature, politics, and ethics all played a part in shaping Adam Smith’s thought as a scholar, philosopher, and economist. This book will be of interest to advanced students and researchers in the history of economic thought, the history of philosophy, moral philosophy, political theory, and the Enlightenment.
