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The Varieties of Economic Rationality
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
Public Sector Economics & Development
This book is one of the products of the Ninth International Conference of Political Economy (ICOPEC) held in September 2018 at Panteion University with the main theme “10 years after the Great Recession: Orthodox versus Heterodox Economics”. This conference was co-organised by the Faculty of Economics of Marmara University, the Greek Association for Political Economy (GAPE), and the Department of Social Policy of Panteion University. This volume contains eight selected papers that benefited from comments and discussion during the conference and subsequently improved significantly. They analyze the relationship between the public sector and economic development.
Institutionalist Perspectives on Development
This book depicts the role of both formal and informal institutions in achieving long-term economic efficiency and development. It is organized into three sections: the first section deals with the historical and political roots that make institutions favorable to development; the second section offers theoretical perceptions of immaterial institutions; the last section explores how the various official institutions – such as international organizations – interrelate with the process of development. As both the recent global financial crisis and the subsequent sovereign debt crisis within the Eurozone have shown, sustainable development is a combination of human, social and institutional factors that interact with each other and go beyond the strictly economic conditions of each country. With contributions from several countries in Europe as well as Iran, this volume offers readers an international and multidisciplinary perspective of the institutionalist determinants of growth in the long run.
The Varieties of Economic Rationality
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
Democracy and an Open-Economy World Order
The essays in this volume explore several key issues facing democracies today. They discuss the dilemma of how to protect civil liberties and individual freedoms in the light of external threats and assess the policies adopted by governments in this area. The book also addresses the question of how free, exactly, free markets should be in an economy in order to secure social peace, before going on to highlight the rudiments of the model of social market economy, as applied in Germany. It examines the problem of the democratic and legitimacy deficits that beset European integration and suggests reforms for a more democratic European Union. Last but not least, by looking back in history, they provide evidence and propose policies for the revitalization of institutions in present-day democracies. The book is of considerable interest to researchers and students in economics and political science, as well as to readers who wish to gain insights into the thorny social issues involved.
Democracy and Salamis
In this book, well-renowned international scholars discuss topics related to various aspects of the history of the Battle of Salamis, inspired by the democratic origins of the Greek naval victory at Salamis. They present deductions from the battle that can be useful for today, and seek answers for a more prosperous and brighter future for our societies. Their analyses are divided into five parts in the book: 1) The democratic implications of the Battle of Salamis; 2) The strategies that lead to monumental naval victories; 3) The institutional implications of the Battle of Salamis; 4) Various societal aspects of the Athenian democracy; 5) The interconnections between two glorious battles: The...
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...
Foundations of Organisational Economics
Foundations of Organisational Economics: Histories and Theories of the Firm and Production delves into a range of key topics to do with the history of the mainstream approach to the theory of production and the theory of the firm. This includes the frameworks used to analyse production, the division of labour and its application to the firm and the development of the neoclassical model of production. The first topic explored is the change from a normative approach to a largely positive approach to the analysis of the theory of production, which occurred around the seventeenth century. The next topic is an examination of the relationship (or the lack of a relationship) between the division of...
Essays in Contemporary Economics
This book is a collection of original essays grouped into four parts under the headings “Greece and European integration,” “Issues in the Methodology of Economics,” “Institutions and the Free Market Economy,” and “Insights for Today from Ancient Greece.” The essays appeal to both researchers in the corresponding fields of knowledge and also to policy makers who are looking for ideas and approaches to confront present day challenges. In particular, given the present state of turmoil in the European Union, the international economy, and democracies in general, most of the essays offer new insights for economic and social policies.
Capitalism and Classical Social Theory
Capitalism and Classical Social Theory offers a rigorous introduction to classical social theory, highlighting the enduring relevance of classical works for understanding the many crises of the contemporary world. This popular theory book introduces students to a selection of classical social thinkers and demonstrates the relevance of the classical canon in contemporary society – a society marked by social inequality, insecurity, transformative AI, and the climate emergency. The fourth edition features updated examples, data, and images throughout, as well as new material on early American sociology and new literature on classical social theorists from the past five years. It reintroduces a chapter on Georg Simmel and urbanism, and it includes a new chapter exploring the intersection of the COVID-19 pandemic and class, race, and gender. While attentive to historical context, Capitalism and Classical Social Theory argues that classical theorists speak directly to the present challenges of inequality, social change, and the climate crisis in the twenty-first century.
